Social Networks

Reddit Will Force Everyone to Log In (theverge.com)

Reddit plans to require users to log in to browse the platform, ending its longstanding practice of allowing anonymous visitors to access posts and discussions. According to CEO Steve Huffman, a key reason behind the decision is to curb unauthorized scraping and automated traffic.

"This is a big change for Reddit, where we've allowed logged-out access to basically all of Reddit for the last two decades," Huffman says. "And I don't know about you, but as someone whose life has been defined by the open internet, it's a big change for me. But I've come to the conclusion that this is the right decision for our platform and the right decision for our business." The Verge reports: There's no definitive timeline on when this change will roll out to all users, or how the site will work if you're logged out. (If I send my friend a link to a thread and they aren't logged in, what will they see?) To start, Reddit will test the logged-in requirement in "select markets outside the US" in the "coming months," according to CEO Steve Huffman. "We'll look at the impact on the user experience, on our business, and on the whole Reddit ecosystem, figure out where the right boundaries are, and go from there." Reddit has also rebuilt and is rereleasing the Reddit app's incognito mode.

Huffman claims the login requirement is better for Reddit's user experience and its ads business and is "more protective of Reddit data." The "vast majority" of unauthorized Reddit access happens "through our logged-out experiences," though the company will still strike licensing deals of its data with companies, like the deals it made with OpenAI and Google in 2024. Huffman notes that Reddit does not need to know a logged-in user's identity -- "Honestly, we don't want to know" -- just that the user is logged in at all. And he says that more logged-in users lets the company deliver "more relevant ads."

Bitcoin

Binance Suffers Biggest Crypto Hack In History With $6.3 Billion Affected [UPDATE] (yahoo.com) 42

UPDATE 10/30/26: Binance has temporarily suspended customer withdrawals after suffering what investigators say is the biggest crypto hack in history. According to Binance CEO Yi He, the company estimates roughly $6.3 billion in funds were impacted, with roughly $3 billion in assets frozen on-chain so far. Rest assured, "your money is safe, and we're covering every loss," said co-CEO Richard Teng in a LinkedIn post.

"This was a complex attack," said Teng. "The attacker also used a self-destruct mechanism that destroyed tooling and tracers, making it more difficult for us to trace." From a report: Teng said the incident was not carried out by one person. While the initial investigation indicated the involvement of a compromised laptop, further digging revealed additional points of breach. [...] Blockchain analysis firms TRM Labs and Elliptic have linked the theft to North Korean hackers, with TRM attributing it "with high confidence" to a group known as TraderTraitor, the same group responsible for last year's Bybit hack.

Elliptic estimated Friday that about 44% of the stolen assets have been frozen, with stablecoins accounting for nearly all of those funds. The firm estimated that attackers still controlled over $3 billion in crypto that token issuers cannot directly freeze.

The hackers appear to have compromised Binance's wallet-signing infrastructure, allowing them to authorize transactions that drained billions of dollars in cryptocurrency across multiple blockchains, according to the firms. Binance, in its preliminary stage, has conducted an investigation into the hack, which suggests the incident may have begun with a compromised engineer's laptop. The exchange added that it has found no evidence that wallet passwords were leaked.
Below is the original story from yesterday, Oct. 29th.

Binance is investigating a potential hack after more than $2 billion in crypto was drained from one of its wallets into a new external account, with Blockaid estimating nearly $3.3 billion was moved.

"Our teams are aware of reports of a potential security issue and are actively investigating," said Binance on X.

"User funds are safe," said Binance founder CZ. "It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). I don't manage Binance anymore, but as a shareholder, I expect all user funds will be fully covered."

At around the same time, crypto-based prediction market Polymarket reported its own security incident that wiped out around $2.7 million in user funds.
Wikipedia

The Tragedy of Losing Your Wikipedia Page (wired.com) 14

An anonymous reader quotes an excerpt from a Wired article that explores the often-contentious process of nominating pages for deletion when their subjects fail to meet the encyclopedia's notability standards: What do you need to know -- need to know -- about Xavier Trudeau? The eldest son of former Canadian prime minister Justin, the teenage Trudeau has recently begun performing R&B under the mononym Xav. But, with all due respect to Xav, do those facts make him a person of note? Should you expect to be able to read about him on Wikipedia? What about Evanescence guitarist Tim McCord, or 2012 Yachtmaster of the Year Rainer Holtorff? All three have had a biography on Wikipedia; all three of those biographies were considered for deletion this year on the grounds that the subjects were not notable enough to warrant a biography at all. Every day, dozens, sometimes hundreds, of Wikipedia biographies -- of child actors turned LA realtors, retired ambassadors, soccer players who have played less than 10 minutes of professional soccer -- are purged from the world's free encyclopedia.

It's not as though Wikipedia, which hosts over 7 million articles in the English language, doesn't have the space. But Wikipedia has only so many volunteers to monitor its contents. To this day, Wikipedia editors are discovering hoaxes that have gone undetected for decades. The time it takes to verify the release dates of Xav's three singles is better spent -- the logic goes -- by asking whether the American Civil War officer Nathaniel Lyon really drank mustard during battle, as was claimed in his Wikipedia biography for 17 years. Wikipedia removed the mustard claim, not because it was proven wrong, but because there was no reliable evidence for it. "We're not really looking for what's true," Britta Gustafson, who has been editing Wikipedia since 2001, told me. "We're looking for what's verifiable." Wikipedia editors do not themselves decide that a person is not notable, only that there is a lack of reliable evidence to support the claim...

Google

First Wired XR Glasses Powered By Android XR (techpowerup.com) 14

XREAL has launched the AURA, its first wired augmented reality glasses powered by Google's Android XR platform. They feature transparent Micro-OLED displays, a 70-degree field of view, Gemini AI integration, and a Snapdragon Reality Elite processor. TechPowerUp reports: The device is built around a simple idea: your apps, screens, entertainment, and AI assistant should be able to come with you wherever you go. On day-one, users have access to millions of familiar mobile apps and games from Google Play, alongside many experiences specifically for XR. Android XR brings familiar hand and voice inputs to AURA, while Gemini makes the experiences more natural and intuitive by working across what users see and do.

With Wired Mirroring, users can plug a computer or handheld gaming console directly into XREAL AURA via USB-C and instantly turn it into a massive private spatial window. That means a laptop, handheld gaming device, or other compatible USB-C device can sit alongside native Android XR apps in a user's spatial workspace. Whether turning a plane seat into a private multi-monitor setup, watching a movie on a large virtual screen, or playing Android and console games in an immersive spatial environment, XREAL AURA is designed to make spatial computing practical, portable, and useful.

[...] For work, AURA creates a portable multi-window workspace without requiring a physical monitor. Users can open Android XR apps, mirror a laptop, place windows in virtual space, and use Gemini to help understand or act on what is on screen. For entertainment, AURA becomes a private theater on demand. Users can access familiar streaming apps, expand content into a large virtual display, and use electrochromic dimming to create a more immersive viewing experience while remaining aware of their surroundings when needed. For play, AURA supports Android games and compatible mirrored gaming devices, enabling users to play on a large and immersive private display.
The glasses are available to order today, with limited-time pricing starting at $1,099 for the 12GB RAM and 256GB storage model. Devices are expected to begin shipping in mid-November.
AI

Proton CEO Is In 'Full AI Psychosis' (404media.co) 124

According to 404 Media, Proton CEO Andy Yen is aggressively pushing AI adoption while fostering what workers describe as a culture of fear that discourages raising security concerns or challenging leadership. The investigation is based on interviews with eight current and one former Proton employees, as well as internal Slack chats, meeting recordings, and an AI manifesto written by the company's CTO. Longtime Slashdot reader devnulljapan summarizes the findings: Engineers at Proton, which makes the encrypted email service Proton Mail and a suite of privacy- and security-focused products, including an encrypted drive service, an authenticator app, and a password manager, are being pushed to "stop lovingly handcrafting all our code and use AI more." Workers describe an environment where employees have genuine concerns about security or being asked to develop security products with AI but feel unable to voice them, lest Yen berates them in front of everyone or threatens their employment at the company. "The CEO is in full AI psychosis and has been for a while now," one of the sources told 404 Media. Yen reportedly dismissed an employee's request for additional security testing before releasing new code, calling it "bullshit and loser thinking" and insisting that "only losers think like that." In a separate exchange over Proton's post-quantum encryption rollout, Yen criticized how the company communicated the feature's limitations and told employees that "perception is more important than truth, the truth doesn't matter if you don't win on perception."

"The train is coming, get onboard or get crushed. Don't be the professional fax machine operator in the internet age," Yen wrote to the security Slack channel. "I think by the end of this year most developers stop programming and start writing specs for tests that AI will code and run, to validate AI written code that humans will no longer be able to review. This will be the last year that we hire engineers, and starting next year we hire what we used to call product managers, to build things with AI."
Security

Polymarket Halted International Trading After Hackers Drained Accounts (wired.com) 20

An anonymous reader quotes a report from Wired: Trading has resumed on Polymarket's flagship international platform after a hack that drained money from the wallets of some traders. A third-party vendor based in the United Kingdom was breached, not the prediction market's website itself. Law enforcement in the UK have been notified of the incident, the company said. Trading was initially paused while the company investigated for several hours.

On X, prominent traders complained that they had lost money; Blockchain analytics firm Bubblemaps reported that around 700 users appear affected, with approximately $2.7 million stolen. Polymarket declined to comment when WIRED asked how many traders were impacted by the breach and how much money was lost, but said it will refund impacted traders.

The hack did not impact users on Polymarket US, the company's newer platform for people within the United States. Polymarket runs two separate prediction markets; Polymarket US operates as a federally regulated financial exchange within the country, while the flagship Polymarket is a cryptocurrency-based platform that is banned in the United States and a number of other countries.
This is not the first time that Polymarket traders have experienced losses like this. "A nearly identical vendor-compromise attack hit the platform in June, draining close to $3 million from at least 11 user wallets through the same kind of injected frontend script," reports StartupFortune.

Hours before Polymarket halted trading, more than $2 billion in cryptocurrency was drained from Binance wallets in just 40 minutes.
The Courts

Trump's CTFC Steps In to Defend Kalshi As Utah Brings Criminal Charges Against Execs (gizmodo.com) 48

The Commodity Futures Trading Commission (CFTC) has sued Utah to defend its claimed exclusive authority over federally registered prediction markets, as the state files (PDF) 14 criminal charges against Kalshi and its co-founders for allegedly violating anti-gambling laws. The Verge reports: On Wednesday, Utah's Attorney General Derek Brown filed charges against Kalshi co-founders Tarek Mansour and Luana Lopes Lara, including 12 counts of online gambling promotion, a third-degree felony, one count of a pattern of unlawful activity, a second-degree felony, and general gambling promotion, a Class A misdemeanor. The civil lawsuit calls Kalshi a "back-alley gambling den," and Attorney General Brown didn't mince words in a statement to Gizmodo.

"Gambling is illegal in Utah, whether you place the bet, run the game, or promote it. Calling it a 'prediction market' doesn't change what it is, and being federally registered doesn't put a company above the law," said Brown. "A federal court has already ruled that Utah's gambling laws apply to Kalshi," continued Brown. "Kalshi kept taking bets from Utahns anyway. That is illegal, and we're putting a stop to it."

[...] The Commodity Futures Trading Commission (CFTC) has been jumping into action to protect Kalshi and Polymarket by filing lawsuits against any state that brings charges against the betting sites. President Trump's son, Donald Trump Jr., is a paid advisor to both companies. The CFTC announced Wednesday that it was suing the state of Utah as part of its "commitment to maintaining its exclusive jurisdiction over CFTC-registered prediction markets." The argument is that the feds alone should be regulating these sites.

"Utah seeks to shut down prediction markets across a wide variety of markets," CFTC Chairman Michael S. Selig said in a statement. "Event contracts do not just serve hedging and investment purposes -- they also provide the public with information about the outcome of future events. Congress entrusted the CFTC to be the federal regulator with sole responsibility to oversee these markets," continued Selig. "As I've said before, the CFTC has the expertise and responsibility to defend its exclusive jurisdiction over commodity derivatives, and that's exactly what we'll do."

Movies

Patrick Stewart, 'Star Trek' Captain and 'X-Men' Superhero, Dies At 86 (hollywoodreporter.com) 79

Slashdot readers Cpt_Kirks, eklektic, sconeu, and Vrallis share the unfortunate news of Patrick Stewart's passing. Longtime spokesperson Kelly Bush Novak said Stewart died Wednesday at the age of 86 at his home in Los Angeles following "a brief and poignant journey with Alzheimer's disease and Lewy body dementia."

"He has been held in the warm embrace of family and friends, surrounded by live music, prayer, tears, laughter and the kind of profound emotion that only he could inspire after a lifetime of devotion to us all," Bush Novak wrote. "We will forever cherish the peaceful ease and reflection on his face, an enduring reminder of his invincible grace."

The acclaimed British actor became a science-fiction icon as Capt. Jean-Luc Picard in Star Trek: The Next Generation and Professor Charles Xavier in the X-Men films. Beyond those iconic roles, Stewart earned multiple Emmy and Golden Globe nominations for performances in Moby Dick, The Lion in Winter, Extras, Hamlet, and Blunt Talk. He later returned to his most famous role in Star Trek: Picard.
AI

Nvidia Chief Seen As Target of Chinese Spy Plot (cnbc.com) 23

An anonymous reader quotes a report from The New York Times: American spy agencies had gathered striking intelligence. A top executive at a Singapore-based data center company was under scrutiny for possibly steering advanced Nvidia A.I. chips to China. And now American officials had concluded that she was a Chinese intelligence asset (source paywalled; alternative source), funneling information to Beijing. But what came next was even more alarming. Surveillance of the executive, Alice Huang or Huang Le, a Chinese citizen, revealed that she had developed a close relationship with Jensen Huang, Nvidia's chief executive.

For years, Washington has worked to deny China the technology needed to match or surpass the United States in the intense global competition for superiority in artificial intelligence. The discovery that Beijing was getting reports from someone with direct access to Mr. Huang, one of the most powerful figures in the A.I. revolution as well as an influential ally of President Trump's, set off alarms at the White House. Roughly a year ago, Mr. Trump was briefed about the intelligence findings, which have not been previously reported, and chose not to do anything with the information. Mr. Trump has been wary of disrupting Nvidia's chip sales, which are helping to drive the economy and the stock market, and of further complicating the trading relationship with China.

This account is based on interviews with people briefed on the surveillance, who spoke on the condition of anonymity because the findings are drawn from classified intelligence, as well as other officials and industry executives and analysts. American officials already suspected that Ms. Huang was helping China evade constraints on its ability to gain access to advanced A.I. chips. But the revelation that she was feeding information directly to Beijing raised more troubling possibilities, including that Mr. Huang had insights into Mr. Trump's thinking on an issue of vital importance to both nations, one likely to come up when the president visits China next month. And it left questions about whether she could be gleaning information about Nvidia, which as much as any company accounts for the lead the United States has maintained in developing cutting-edge A.I. models. The surveillance of Ms. Huang continues, they said, and companies that have been affiliated with her continued this year to purchase Nvidia chips.
Nvidia said in a statement: "Jensen's interactions with Ms. Huang are not unusual or unexpected. Meetings with customers are part of a CEO's job; Jensen talks with thousands of customer executives every year." Nvidia is "confident that if the U.S. government believes that any person is a threat to American industry, it would let us know." Customers like Megaspeed, the company that employed Ms. Huang, "receive ordinary business information -- not sensitive Nvidia trade secrets -- and zero information relevant to national security," the company added.

In a statement to The New York Times, Megaspeed said that its "current leadership" takes the matter "extremely seriously and is committed to getting to the facts behind these allegations." It added that "outside counsel has been retained to conduct a thorough internal investigation and has notified the U.S. government that we are fully committed to cooperating."
Businesses

Alphabet Heads For a $500 Billion Drop In Market Value (yahoo.com) 86

Yesterday, Google reported its Q3 results that showed searches made through its AI Mode generate less revenue than traditional search, even as overall search revenue grew 12% year over year to $63.25 billion. The news sent Alphabet shares plunging, with Bespoke Investment Group reporting that the stock is on track for its steepest post-earnings decline since the company went public in 2004. Yahoo Finance reports: At its low, Alphabet had lost $524 billion in stock market value, the second-biggest one-day loss ever for a US-listed company. Only Nvidia has lost more, about $593 billion on Jan. 27, 2025, the day China's DeepSeek rattled AI investors. Alphabet would need to close at about $274.75, down roughly 15%, to take Nvidia's record, by Yahoo Finance calculations. It has already blown past the $400 billion SpaceX lost on June 22, the previous No. 2.

In dollars, it's Alphabet's worst day by far. Its previous worst was about $275 billion on July 23. It's also on track for the stock's steepest drop after an earnings report since the company went public, according to Bespoke Investment Group. The previous low was a slide of nearly 10% in July 2008.

[...] US-listed stocks have shed $200 billion or more in a single session 18 times this year through Wednesday. That's up from 13 in all of 2025 and none before 2022, according to Yahoo Finance calculations from Bloomberg data. Alphabet alone has lost about $1.4 trillion since its record in May.

EU

Canada to Join EU Network of Supercomputers (politico.eu) 14

Canada is joining the European Union's supercomputing network to give Canadian companies, startups, and researchers access to European computing resources for AI development. The partnership aims to strengthen AI cooperation and reduce dependence on US technology. Politico reports: The EU's supercomputing network is run by the EuroHPC Joint Undertaking, an EU public-private vehicle with an 8.2 billion-euro budget. The network consists of 14 supercomputers (some ranked in the global top 10), 19 AI-focused AI factories and 10 quantum computers. The vehicle will also run seven massive AI data center hubs, known as AI gigafactories, set to be built next year with a total investment cost of 30 billion euros.

Experts praised a possible EU-Canadian compute power team-up, but warned it's only the start. "Compute cooperation is one of the most obvious short-term 'middle power' cooperation plays in AI," said Anton Leicht, technology and international affairs fellow at Carnegie Endowment for International Peace. But he added that for now "it doesn't put a dent into the actual dependence" on the U.S. "As long as the U.S. builds gigawatt-scale clusters, no amount of cooperation that doesn't result in massive buildouts will help," he said.

Canada's engagement in the EU's supercomputer network builds further on Canada's previous partial involvement in the EU's flagship research and development program, Horizon Europe. Horizon Europe partially funds EuroHPC. To date, 38 countries have participated in the EU's supercomputing network: 27 EU member countries plus non-EU countries including Norway, Switzerland, the United Kingdom, Israel and Turkey.

Businesses

DoorDash Strikes $17 Billion Deal For US Rival Instacart (yahoo.com) 17

DoorDash has agreed to acquire Instacart for about $17 billion as it expands beyond restaurant delivery and deeper into the U.S. grocery market. The deal, expected to close in late 2027 or the first half of 2028, could face regulatory scrutiny over further consolidation in the delivery industry. Reuters reports: DoorDash has offered Instacart shareholders $65 per share held, representing a premium of about 26% to the stock's closing price on October 22 before reports of deal talks first emerged. The consideration will be at least 75% cash, with Instacart shareholders able to elect cash, DoorDash stock or a combination of the two, the companies said.

[...] The transaction is expected to close at the end of 2027 or the first half of 2028. The deal could face scrutiny over its impact on competition, with New York City's Department of Consumer and Worker Protection (DCWP) saying on Wednesday that a potential merger continued a "troubling trend" of corporate consolidation. DoorDash, however, pledged on Thursday that local grocers could continue to work with any delivery platform they choose.

Social Networks

Reddit Is Getting a 'For You' Feed (theverge.com) 38

Reddit is overhauling its homepage with separate "For You" and "Following" feeds, with the former combining posts from subscribed communities and algorithmic recommendations based on users' interests and activity. The Verge reports: It's a big shift for the platform, but not an entirely surprising one, as Reddit hasn't been shy about wanting to switch up the homepage. Earlier this year, the company announced it would be deprecating r/all, which surfaced posts that were popular across the platform, as part of its "ongoing efforts to simplify Reddit and improve Home feed personalization." "This new feed experience is a first step in helping drive discovery that leads to something novel and relevant -- an idea, a connection, a unique perspective, or even a new interest," Reddit says. "A more human internet is not just something you sit back and watch, it is something you find value in and want to participate in."
The Internet

'Please Let the Internet Die' (wired.com) 188

Slashdot reader fjo3 shares an article from Wired: The internet must be put out of its misery. Any rational observer can admit that the current iteration of the web -- and the social fabric woven there -- is not what they signed up for. Symptoms of advanced cultural decay can no longer be ignored. This thing is eating itself. Giants including Meta and Google have been forced to settle massive consumer lawsuits brought over privacy violations and mental health harms allegedly caused by the addictive mechanisms of their platforms. Schools are banning smartphones as multiple countries institute social media restrictions for under-16s. Parents are in a panic about their kids aspiring to careers as social media celebrities, losing themselves in a vast ecosystem of online casinos, or joining extremist movements. Generative AI, briefly considered an amusing novelty, is now a turbocharged slop engine for the web, filling feeds and comment sections with useless, grotesque content. As humans scroll past headlines about AI taking their jobs, confusing fantasy for reality, and contributing to cognitive decline, any consumer appeal the technology might have is turning to anguish. The data centers that power it have become increasingly unpopular, and politically radioactive.

To be online, many now admit, is to be endlessly manipulated and exploited. In December, Oxford University Press declared rage bait to be the word of the year, noting that use of the term had tripled over the previous 12 months. The lexical spike represented a heightened awareness that monetized social accounts churn out bad-faith takes and extremist content, automating this abusive behavior with generative AI, simply to profit off hostile engagement. Billionaire oligarchs have opened the floodgates to such inauthentic activity, conspiracy-mongering, and hate speech by rolling back moderation. In short, when you hang around online in 2026, you see little worth saving. Perhaps a decade ago, you felt that the glimmers of community and joy, of artistic and intellectual exchange, were enough to balance out the toxic junk. No longer.

Google

Google Struggling to Make AI Mode Searches Pay 89

Alphabet shares fell nearly 10% after Google disclosed that searches through its AI Mode generate less revenue than traditional search, even as overall search revenue grew 12% year over year to $63.25 billion. The Register reports: Alphabet on Wednesday reported its Q3 results, which included news that its year-over-year search query growth rate is the highest it's been in the last five years. Some of that growth comes from users adopting "AI Mode" -- Google's latest LLM-powered search system. Google's revenue from search rose 12 percent year-over-year to $63.25 billion, a little lower than the 14.5 percent growth the company reported in last year's Q3.

During Alphabet's earnings call, chief business officer Philipp Schindler said the slowdown was caused by "lower monetization we were seeing in AI Mode." That's a worry given that Google is spending enormous sums on infrastructure. $51.4 billion went out the door in Q3, around two thirds of it going towards servers and networking equipment. The rest funded datacenter builds. That spending appears to have impacted profitability, as Alphabet reported $26.17 billion net income for the quarter. Last year's Q3, during which Google revenue was $102.35 billion, produced $35 billion net income.

Schindler argued that AI search will pay off. "On AI Mode, many of these queries are upper funnel queries, allowing us to capture new, high-value commercial intent," he told investors. "In addition, the majority of AI Mode queries are incremental, creating more monetization opportunities over time." Google tried to seize one of those opportunities today, by turning on ads alongside AI Mode searches around the world, after first testing them in the US only. But for now, AI Mode searches aren't as lucrative as Google's existing search business, which brought in just under half of Alphabet's $125.8 billion quarterly revenue.

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