Wendy O
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Stablecoin Issuer Circle Scratches Plan to Go Public; Reddit's Avatar Tokens Set Minting Record
"The Hash" group unpacks the top stories moving the crypto markets today, including Circle terminating its agreement with special-purpose acquisition company Concord Acquisition Corp., thereby stepping back from its plan to go public. Plus, Collectible Avatars, Reddit's set of art tokens based on the Polygon blockchain, set a minting record over the weekend, according to data from Dune Analytics.
DeFi Protocol Ankr to Reimburse Exploited Users; Meta Dips Back Into Policy Circles
"The Hash" hosts discuss the biggest stories of the day, including decentralized finance (DeFi) protocol Ankr saying it will reimburse the users impacted by the exploit that occurred on its platform earlier Friday. Plus, a closer look at how Facebook parent Meta is offering a gentle nudge to governments future metaverse policies.
Sam Bankman-Fried's Media Tour; BlackRock CEO Predicts Tokenization Is the Future
"The Hash" group discusses today's top stories in the crypto world, including former FTX CEO Sam Bankman-Fried speaking to several media outlets, including a live appearance at DealBook Summit. Plus, BlackRock CEO Larry Fink voices his opinion on tokenization of securities.
Crypto Exchange Kraken Cuts 30% of Workforce; ECB Staffers Say Bitcoin Is on 'Road to Irrelevance'
Crypto exchange Kraken said Wednesday it is laying off 30% of its global staff – around 1,100 people – in response to the crypto market downturn. Plus, officials at the European Central Bank write in a new blog post titled "Bitcoin's Last Stand," that the largest cryptocurrency by market cap "has never been used to any significant extent for legal real-world transactions."
Solana’s Top Crypto Wallet Looks to Ethereum, Polygon Next; Wrapped Ether Joke Spooks Crypto Twitter
Phantom, the leading crypto wallet in the Solana ecosystem, said it will add support for assets on the Ethereum and Polygon blockchains, with the roll out beginning in about three months. Plus, "The Hash" team breaks down an inside joke that spooked crypto Twitter about wrapped ether (wETH) being on the verge of insolvency.
Crypto Lender BlockFi Declares Bankruptcy Following the Collapse of FTX
BlockFi filed for bankruptcy protections Monday, days after suspending withdrawals amid the ongoing fallout from exchange FTX's bankruptcy. "The Hash" team discusses the latest developments as the crypto lender announced it was filing for Chapter 11 bankruptcy protections, indicating it hoped to restructure while continuing operations in the meantime.