Crypto wealth in peril

Hi, you’re receiving our free Tech In Brief newsletter because you had been getting one of Bloomberg’s technology newsletters that are now subscriber-only. You can manage your subscriptions here.

Tech Across the Globe

SpaceX’s future: The Elon Musk-owned aerospace company is aiming for an IPO as soon as next year that may be the biggest public listing of all time.

Simple smart ring: Consumer tech startup Pebble rolled out its latest product on Tuesday, a voice-recording ring. The $75 gadget can take and understand voice notes, which the Pebble app can turn into reminders and other action items.

Sharing the wealth: Billionaire philanthropist MacKenzie Scott donated $7.2 billion this year in her largest gift-giving spree yet. The former Mrs. Bezos has now donated $26 billion over the past half decade.

Revalued

Nintendo Co. has shed $14 billion in market value this month as concerns mount about a memory chip supply crunch. Surging component costs threaten the company’s hardware margins and could also suppress demand, as even add-on memory cards are becoming more expensive.

Must Read

Targeted extortion attempts dubbed “wrench attacks” have proliferated in recent times, targeting crypto holders in particular. The main difference between their wealth and traditional finance is the lack of institutional guardrails, writes Olivia Solon in today’s Tech In Depth. The historically quite ostentatious online presence of these people has grown to be a problem, and many are now prioritizing privacy.

Get Tech In Depth and more Bloomberg Tech newsletters in your inbox:

• Cyber Bulletin for coverage of the shadow world of hackers and cyber-espionage
• Game On for diving deep inside the video game business
• Power On for Apple scoops, consumer tech news and more
• Screentime for a front-row seat to the collision of Hollywood and Silicon Valley
• Soundbite for reporting on podcasting, the music industry and audio trends
• Q&AI for answers to all your questions about AI