đ SBF under detention
Plus: Twitter keeps squawking up the Apple tree

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Hereâs what you need to know
Sam Bankman-Fried has been detained in the Bahamas. The arrest was made at the request of the US government, a day before the disgraced crypto entrepreneur was due to testify before the House of Representatives (see more below).
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What to watch for
Today (Dec. 13), the US House Committee on Financial Services had intended to hear Sam Bankman-Friedâs testimony on the collapse of FTX, the crypto exchange he founded. But his arrest has thrown a wrench into those plans.
For weeks, SBFâs participation in the hearing had been in doubtâhe even missed the deadline to RSVP. He finally confirmed his attendance on Friday (Dec. 9), but anticipated that a lack of access to personal and professional data would limit what heâd be able to say.
SBFâs was not the only testimony the committee was expecting to hear. FTXâs new CEO, John Jay Ray III, was also listed as a panelist. Ray, tasked with a complex restructuring, has described the FTX debacle as one of the worst heâs seen in his career as he seeks to recover some money for customers and investors. No doubt heâd have liked to level a few questions at SBF himself.
Twitter keeps squawking up the Apple tree
As Twitter Blue plans its relaunch, Elon Musk is making Apple users pay for his fight with the tech giant. iOS users will have to dole out $11 per month for the controversial subscription service, while web and Android users can get it for $8 per month.
Apple spent a whopping $48 million on Twitter ads in the first quarter of 2022, accounting for more than 4% of total revenue for the period. That made Apple a top advertiser on Twitter that Musk canât really afford to lose. At the end of November, Musk claimed Apple had âmostly stoppedâ its Twitter ads but on Dec. 4, the self-appointed chief twit said the iPhone-maker had âfully resumedâ advertising on Twitter.
A breakthrough in nuclear fusion energy

Scientists in California may have reached a turning point when it comes to creating energy from nuclear fusion. In a recent experiment using this method, 2.1 megajoules of input produced 2.5 megajoules of output, accounting for a 120% net energy gain.
The shift from net-negative energy generation to net-positive is a result that has eluded scientists for decades. While the excess energy generated isnât muchâunderscoring that it could take decades more before nuclear fusion begins to fuel power plantsâit comes at the convergence of the climate and fuel crises, and offers hope for an alternative, clean energy source.
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