Sources: due to an accounting bug, Binance erroneously disbursed ~4.8M of Helium’s HNT tokens, worth ~$19M, to some of its users, many of whom quickly sold them (Danny Nelson/CoinDesk)

Forbes:
Binance says it will cease trading Helium Network Tokens, or HNT, over the next week and advises users to close out their positions  —  Binance told Forbes it delists tokens to protect its users, and periodically reviews “each digital asset we list to ensure that it continues to meet a high level of standard.”

Andrew Hayward / Decrypt:
Nova Labs and T-Mobile sign a five-year deal to launch Helium Mobile, a 5G MVNO service for smartphones that combines coverage from the two companies’ networks  —  Helium Mobile will tap both the decentralized 5G network and T-Mobile’s service while also offering crypto rewards to users.  —  In brief

Shaurya Malwa / CoinDesk:
Binance and Huobi block deposits of FTX’s native token, FTT, after 192M tokens worth ~$400M were released out of schedule and without warning  —  The tokens were illicitly released from FTT’s main deployer address.  —  Crypto exchanges Binance and Huobi blocked deposits of FTT …

Wall Street Journal:
Source: FTX extended loans to Alameda using money that customers deposited for trading purposes and SBF told an investor that Alameda owes FTX about $10B  —  FTX Chief Executive Sam Bankman-Fried told an investor this week that Alameda owes FTX about $10 billion

Ingrid Lunden / TechCrunch:
London-based Sequence, which offers APIs and other tools for pricing, billing, and related services, raised a $19M seed led by a16z  —  When it comes to fintech, consumers have commanded the most attention in the last decade, with banking, credit, investing and other legacy services getting the disruption treatment.

Kyle Wiggers / TechCrunch:
Insite, which uses AI to help companies price, distribute, and promote packaged goods, raised a $19M Series A from NewRoad Capital and Microsoft’s M12  —  Insite AI, a platform for consumer packaged goods companies that uses AI to provide recommendations on how to price …