Axios

Tech's rout sent SoftBank's Vision Fund deep into the red last quarter.

Driving the news: The 5-year-old technology investment fund posted a $21.7 billion (2.9 trillion Japanese yen) loss — its second-biggest quarterly loss ever.

The makers of the long-running video game series The Sims don’t allow pregnant characters to have abortions. But unofficial add-ons that give players that option are popular, their creators tell Axios.

Why it matters: In the world of video games, big studios often avoid socially sensitive topics, but fans sometimes find ways to work them in.

Tornado Cash has been added to Office of Foreign Asset Control's (OFAC) list of sanctioned internet services, shutting down a key privacy tool for Ethereum users, one frequently used by cybercriminals.

Why it matters: Tornado Cash is a non-custodial mixer that runs on the Ethereum blockchain. It allows an Ethereum address to receive funds without revealing who gave it to them (like cash does).

Nouns is an NFT project that sells a new one every day for about $150,000. It just turned 1-year old today.

Why it matters: Nouns have never generated a lot of headlines, but the project has shown persistent interest from NFT collectors and seems to be a new model for building out an ecosystem around intellectual property.

Jake Paul, the YouTube star-turned-boxer, has raised $50 million alongside sports betting entrepreneur Joey Levy to launch a new company called Betr. The company will create a platform for sports micro-betting transactions and media content for sports betting fans, Levy tells Axios.

Why it matters: Betr hopes to launch as one of the first direct-to-consumer sports micro-betting app experiences in the U.S.