Wendy O
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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.