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Top stories today:

1. Israel: EU says X hosts “illegal content” about war
2. FTX trial: Ellison says SBF “directed” her to commit crimes
3. Adobe announces Firefly Image 2 Model

0. Data and calendar

1. EU says X hosts “illegal content” connected to Israel-Hamas war

Elon asked for specifics and failed to get a response, with some accusing the EU of censorship

War update: country weights ground invasion as military continues airstrikes on Hamas

The death toll reached 1.2K+ Israelis, 950 Palestinians in Gaza, 1K+ Hamas fighters in Israel, 150 Israeli hostages

• Netanyahu is meeting Gantz for talks about a unity government.

• Biden promised full military, intelligent support.

  • China called for humanitarian aid for Palestinians.

  • U.S. is looking into a civilian passage to Egypt or Israel for Gazans.

  • U.S. weapons started arriving in Israel. Bloomberg, WSJ, AP, CNN, Mario Nafwal on X

• The Bank of Israel announced a $45B package to support the shekel.

  • U.S. yields continued to fall sharply. - Investopedia

  • Harvard President Claudine Gay responded after former President Larry Summer said he was “sickened” by the university’s lack of reaction to the Hamas attack. - Bloomberg, College Terror List

  • $134M in crypto received by Palestinian military groups since 2021. - WSJ

2. FTX trial: Caroline Ellison says SBF “directed” her to commit crimes

Alameda CEO Caroline Ellison testified on Day 6 of the trial:

• Alameda took $14B from FTX.

• SBF was ready to close down Alameda in September, when he wrote a draft Twitter thread, suggesting advance knowledge. - The Block

• SBF becoming POTUS was allegedly his initial ambition.

• SBF did not like her talking about FTT trading (manipulation) in front of others.

• SBF was OK with flipping a coin that could mean destroying the whole world.

• SBF thought his ~$10M donation to Biden bought him access, even though it was previously reported that the Biden never reached out to SBF himself. - Bloomberg, Inner City Press live tweets

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4. Adobe announces Firefly Image 2 Model