A look at Portugal’s Meia Praia beach, a haven where crypto supporters gather, creating a bubble of optimism about digital currencies amid crypto’s downturn (Adam Satariano/New York Times)

Ryosuke Eguchi / Nikkei Asia:
Japanese chipmaker Kioxia Holdings and US’ Western Digital open a new ~$6.79B flash memory fab in Mie Prefecture, amid a market downturn for memory chips  —  Chipmaker opts for production cut but bullish on facility investment  —  TOKYO — Japanese chipmaker Kioxia Holdings on Wednesday opened …

TechCrunch:
Despite the recent downturn in the cryptocurrency market, Y Combinator’s Summer 2022 batch has 30 crypto startups, up from 25 in its Winter 2022 batch  —  Crypto and web3 stands out in the Summer 2022 batch  —  Crypto founders have heard the saying a thousand times in the past few months …

Kurt Wagner / Bloomberg:
Memo: Twitter told staff that there haven’t been plans for companywide layoffs since it signed a deal with Elon Musk, and that it can’t confirm Musk’s plans  —  Twitter Inc., confronting reports that Elon Musk aims to gut its workforce as part of his takeover, told staff that there haven’t been plans …

Reuters:
Analysis: Binance’s filings in 14 jurisdictions show its operations are mostly opaque, do not disclose where Binance.com is based, offer little data, and more  —  The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token.

Dustin Volz / Wall Street Journal:
US DOJ forms the Digital Asset Coordinators Network with 150+ federal prosecutors across the country to target illegal activities involving digital currencies  —  New effort is part of trend toward putting more resources to target illegal activities involving digital currencies