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Latest from William Foxley
FTX Bankruptcy Judge Not Swayed by Letter from US Senators; Gala Games' Native Token Tumbles
"The Hash" group discuss today's top stories, including Delaware Judge John Dorsey characterizing a bipartisan letter from four U.S. senators as an “inappropriate” intervention in FTX bankruptcy proceedings that won’t sway his judicial decisions. Plus, a closer look at why Gala Games' native token, GALA, is sinking after the blockchain-based gaming platform deleted a tweet announcing a partnership with A-list Hollywood stars.
Gemini's Winklevoss Calls for Barry Silbert's Removal From DCG; Microsoft Reportedly Mulls $10B Investment in ChatGPT Creator
Cameron Winklevoss, the co-founder of crypto exchange Gemini, issued an open letter on Tuesday calling for the ouster of Digital Currency Group (DCG) CEO Barry Silbert because a DCG division's November decision to halt withdrawals leaves owners of Gemini's crypto yield product in limbo. DCG is the parent company of CoinDesk. Plus, Bloomberg reports that Microsoft is considering a $10 billion investment in OpenAI, the creator of ChatGPT.
Metropolitan Bank Heads for Crypto Exit; Around 117 Parties Express Interest in Buying FTX Units
"The Hash" group discuss today's top stories, including around 117 parties expressing interest in buying units of FTX, according to a legal filing. Plus, Metropolitan Commercial Bank announces it will end its crypto-related services because of "recent developments" in the digital asset industry. And, a closer look at the super bearish ether trade that made all the noise last week.
Data Shows Huobi Suffers $60M Token Outflows in a Day, Huobi Announces Major Layoffs
Crypto exchange Huobi saw turbulent trading in its HT token during Asian daytime hours after it confirmed a 20% staff reduction. The exchange has experienced outflows of $64 million in the past 24 hours, according to Nansen. "The Hash" group shares their hot takes on Huobi's latest development and other top stories of the day.
Silvergate Shares Plummet Amid Over $8B in Withdrawals, Hackers Stole High-Value NFTs From Prominent Web3 Builders
"The Hash" group discusses today's top stories: Crypto bank Silvergate Capital stocks have taken a free fall this morning, down over 46% as the firm racing to cover $8.1 billion in withdrawals during the crypto meltdown; the TON Foundation aims to solve large-scale data storage problems by launching Ton Storage project. Plus, two Web3 builders have lost NFTs estimated to have been worth hundreds of thousands of dollars to scammers.