Crypto CEO Accused of Manipulation, Women Underrepresented in Boardrooms, Silicon Valley Bank Acquired, Greenlabs Helps Farmers Combat Climate Change, E3 Expo Cancelled Yet Again!

When Crypto Goes Wild: CEO Accused of Market Manipulation, Denies Charges and Calls Them 'Farcical'

• Sam Bankman-Fried, CEO of Alameda Research and FTX crypto exchange, has been accused of conspiring to manipulate crypto markets.

• The charges allege that Bankman-Fried ordered traders to manipulate prices to boost profits.

• Bankman-Fried denies the accusations, calling them "farcical."

• The case highlights the need for greater regulation and oversight in the cryptocurrency space, which has long been associated with illicit activity.

• It's uncertain how the case will play out, but it emphasizes the dynamic and sometimes unpredictable nature of the crypto world.

Breaking News: Women Still Underrepresented in Boardrooms, Companies Urged to Add More X Chromosomes

• Women make up less than 25% of private board members in the US.

• Companies with at least one female director are more likely to have additional women on their boards.

• Progress has been made in recent years, but there is still work to be done to achieve gender diversity in the boardroom.

• It's important to break through the glass ceiling and get more women into boardroom seats.

• Diversity isn't just good for business, it's the right thing to do.

Startups Brace for Impact as Silicon Valley Bank Gets Swiped Right by First Citizens BancShares: The Dating Game of Finance

• First Citizens BancShares has acquired Silicon Valley Bank.

• Startups can expect increased costs of capital due to smaller banks and private credit funds stepping into the market.

• The loss of SVB has created instability in the banking sector and hurt banks' ability to fill SVB's lending shoes.

• The cost of credit is expected to increase, negatively impacting startups struggling to secure equity financing.

• Shadow banks such as BlackRock and Atalaya Capital could take SVB's place, but the cost of their services may be more expensive.

• Startups, especially seed and pre-seed startups, may face a higher-than-normal mortality rate as access to capital deteriorates.

Greenlabs to the Rescue: Helping Farmers Combat Climate Change and Save Your Fries!

• Agtech start-up Greenlabs has raised $38.4 million in debt financing.

• The company uses software and hardware applications to ensure farmers have bountiful growing seasons.

• Greenlabs has developed Farm Morning, an app that uses AI to help growers manage their crops and connect with one another.

• CEO Sang-Hoon Shin said the funds will help the company expand further.

• McDonald's in South Korea has swapped out french fries for chicken nuggets and cheese sticks due to drought issues in Idaho.

E3: The Expo That Couldn't - Annual Gaming Event Canceled Yet Again!

• The Electronic Entertainment Expo (E3) 2023 has been cancelled due to lack of sustained interest from the industry.

• The ESA has stated its commitment to advocacy work but has not mentioned future E3 events.

• ReedPop and the ESA will continue to work together on "future E3 events."

• E3 2023 would have been the first in-person event since 2019, but the pandemic and a lack of interest from big names in the industry have led to its cancellation.

• Multiple big names in the industry, such as Xbox, Nintendo, PlayStation, and Ubisoft, have announced that they will not be attending E3 and will instead host their own digital showcases.