Welcome to the Tech Meme Right Home for Monday, June 13th, 2022. I'm Brian McCullough.

Today, all the crypto is down. Bad. Is Defy Lending Platform Celsius to blame? More importantly, our margin calls coming

for big Bitcoin bagholders including Tesla. Jack Dorsey's plan to leapfrog all the way to Web 5, leaked images of the Galaxy Z-flip 4, is your

smart TV committing ad fraud, and why I'm pretty sure that Google AI bot did not

become sentient.

Here's what you missed today in the world of tech.

So at some point I must have made a Bitcoin price alert

in coin base. I say at some point because I never knew about it until about a month ago because it had never triggered.

But three or four times recently I've gotten these emails from Coinbase that you know

Bitcoin up 5% Bitcoin down 5% I guess it has a 5% in a 24 hour period

window so this morning I wake up to a message that Bitcoin was down 9.18% and I'm like what now?

Well the what now is I think Defy Lending Platform Celsius. The Celsius token cell fell 70% in one hour

after the Defy Lending Giant suspended with draws dropping to about 20 cents,

amid a broader crypto market slump.

Celsius has now paused all withdrawals, swaps, and transfers between accounts,

citing what it calls extreme market conditions. swaps and

Swaps, and transfers between accounts citing what it calls extreme market conditions. But here's what I can't figure out because I was offline last night when this was all going down.

Was crypto already falling and Celsius is suffering because of that or is the fall in the broader

crypto market causing a bank run on Celsius because it's forcing margin calls or forced withdrawals that tumble over to

tether and other things or what I don't know quoting decrypt on Sunday night with

crypto markets already in free fall. Controversial crypto lender,

Celsius announced it was suddenly pausing all customer withdrawals,

...