Welcome to the Tech Meam ride home for Thursday, June 30th, 2022. I'm Brian McCullough today.

One good thing about the crypto crash is you can get affordable graphics cards again.

Layoffs come to the metaverse.

Samsung is producing the first three nanometer chips.

Apple wants you to pay for your gas without getting out of your car,

though you still have to get out to pump the gas, I suppose,

and a bit of a surprise, but the weekend long read suggestions.

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

Groundhog Day.

Sources are saying digital asset trading firm Genesis

is potentially facing hundreds of millions of dollars and losses

partly through its exposure to 3AC and Babel Finance.

Quoane desk.

The losses come as the collapse of Three Arrows Capital sends shock waves across the

crypto lending industry industry with numerous firms

facing substantial losses from their exposure to the fund. The precise

tally of Genesis's losses may not be known for some time because the company is

seeking at least partial repayment from its

counter-parties and some of the losses may have been offset by hedging, sources said.

Amid such uncertainty, Genesis has been pulling credit lines from counterparties left and right,

according to a fourth market source.

A cascade of liquidations at many different crypto lending

...