How Web3 apps and wallets inevitably depend on centralized services like OpenSea, Infura, and Alchemy, which don’t even provide authenticated responses Source

Microsoft says SolarWinds hackers were able to view some of its source code by hacking into an employee account but were unable to modify code or access emails Source

Ex-Reddit CEO warns Elon Musk that he doesn’t understand current internet culture enough to handle the challenges of large social networks like Twitter Source

Electric autonomous vehicle startup Cruise raises $2B at a $30B valuation from Microsoft, GM, Honda, and others Source

Researcher: Twitter is working on Twitter Blue, a $2.99/month subscription offering with “Collections” to organize favorite tweets and an “undo tweet” function Source

NFT marketplace Cent halts transactions over users minting NFTs of content they don’t own and selling unauthorized NFT copies and NFTs that resemble a security Source

Filing: Twitter rejects Elon Musk ally Egon Durban’s resignation from the board, two days after shareholders blocked his re-election at an annual meeting Source

China says it is imposing a record $2.8B fine on Alibaba for monopolistic business practices; Alibaba says it will accept the penalty “sincerely” Source

NFTs are great for creators because they remove intermediaries, enable granular price tiering, and eliminate customer acquisition costs by making users owners Source

Facebook’s NPE division launches BARS, a TikTok-like app for rappers to create and share their raps using professionally created beats, in closed beta Source