A look at the rise of BitClout, a burgeoning crypto service monetizing social influence, valued at more than $1B in April, but operating in a legal gray zone (Caroline Lester/New Yorker)

Caroline Lester / New Yorker:
A look at the rise of BitClout, a burgeoning crypto service monetizing social influence, valued at more than $1B in April, but operating in a legal gray zone  —  BitClout collapses everything—art, humor, personhood—into money, laying bare just who, and what, we are willing to pay for.

Thai SEC orders exchanges to delist NFTs and meme coins, defined as those with "no objective or underlying value" whose price relies on social media trends (Robert Stevens/Decrypt)

Robert Stevens / Decrypt:
Thai SEC orders exchanges to delist NFTs and meme coins, defined as those with “no objective or underlying value” whose price relies on social media trends  —  Thailand's Securities and Exchange Commission wont crack a smile at crypto's meme coins.  —  Dogecoin  —  In brief

Amazon raises minimum pay in Germany to 12 euros per hour

Amazon will guarantee an entry-level wage at its German warehouses of 12 euros ($15) an hour, the company said in the face of a long-running battle with a top labour union. https://ift.tt/35foq0I

Profile of Praveen Khandelwal, leader of a network of ~80M SMBs in India with deep ties to Modi, who evokes British colonial looting in his fight against Amazon (Nilesh Christopher/Rest of World)

Nilesh Christopher / Rest of World:
Profile of Praveen Khandelwal, leader of a network of ~80M SMBs in India with deep ties to Modi, who evokes British colonial looting in his fight against Amazon  —  Praveen Khandelwal has built a name fighting against e-commerce.  Now, he's launching his own online marketplace.  —  • BANGALORE, INDIA

Disclosures from Tether show it has $30B in commercial paper, a short-dated investment similar to cash, making it one of the largest investors in the US market (Financial Times)

Financial Times:
Disclosures from Tether show it has $30B in commercial paper, a short-dated investment similar to cash, making it one of the largest investors in the US market  —  JPMorgan estimates stablecoin operator would be one of the largest investors in the US market

Aura, which offers device and identity theft protection including financial fraud monitoring for consumers, raises $150M Series E led by Warburg Pincus (FinSMEs)

FinSMEs:
Aura, which offers device and identity theft protection including financial fraud monitoring for consumers, raises $150M Series E led by Warburg Pincus  —  Aura, a Burlington MA-based company which specializes in digital security for consumers, raised $150M in Series E funding.