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Binance to Shut Down 'Connect' Service; State of Crypto in Singapore and Australia

Host Angie Lau takes a deep dive into the state of Binance as the crypto exchange shut down its buy-and-sell service Binance Connect just one year after its launch. Plus, insights on crypto developments from Singapore to Australia. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."

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Bitcoin Slumps Below $28K; Genesis, FTX Strike Deal for $175M Bankruptcy Claim

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin (BTC) trades below $28,000. FTX’s Alameda Research strikes a deal with bankrupt crypto company Genesis, according to new court filings. Valkyrie Digital Assets is doubling down on ether futures products. And, a closer look at where is PayPal pressing pause on crypto transactions.

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Sei Blockchain's New Token Tumbles After Airdrop

Data from CoinGecko shows that the token of the just-launched layer-1 blockchain Sei has plunged after its airdrop, pushing the market cap to $314.8 million. Early adopters flooded X, formerly known as Twitter, with complaints about the meagerness of token allocations, all while recipients appeared to dump their holdings on the market. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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a16z Crypto CTO on ZK Projects ‘Jolt’ and ‘Lasso,’ State of Crypto Tech Research

Venture-capital giant Andreessen Horowitz (a16z) is jumping into crypto tech research with the release of a pair of open-source software projects aimed at speeding up the core tech behind zero-knowledge (ZK) proofs. a16z crypto chief technology officer Eddy Lazzarin joins "The Hash" to discuss the latest projects titled "Jolt" and "Lasso." Plus, Lazzarin's outlook on AI and infrastructure developments in the crypto space.

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Tether to Discontinue Support for Bitcoin Layer Omni Due to Lack of Demand

Tether said that it will stop support for Omni, a Bitcoin layer used for USDT transfers since 2014. The stablecoin issuer will also relinquish support for Kusama (KSM) and Bitcoin Cash (BCH) SLP implementations, according to the announcement. "The Hash" panel discusses the discontinuation of legacy products as cycles rotate in the crypto industry.

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SHIB Plunges as Users Report Bridge Issues After Shibarium Launch

Shiba inu (SHIB) tokens are falling in the past 24 hours, as users report bridging issues after the much-hyped Shibarium network went live late on Wednesday. "The Hash" panel discusses the network's plan to position Shiba Inu as a serious blockchain project, away from the meme coin status it has enjoyed since its August 2020 issuance.

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Valkyrie Files Ethereum-Focused ETF Application With SEC

Valkyrie Digital Assets has filed an application for an ethereum-focused ETF with the U.S. Securities and Exchange Commission (SEC). CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the differences between bitcoin and ethereum-focused ETF applications.

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Bitcoin Price Slides Below $29K, Touches Lowest Level Since June 21

Bitcoin (BTC) is trading around $28,400, after touching the lowest level seen by investors since June 21. The Tie director of content Lawrence Lewitinn breaks down the recent lack of movement in the crypto markets. Plus, insights on the overall performances across different sectors of the crypto industry.

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Bit Digital CEO on Q2 Earnings, Headwinds in the Mining Industry

Mining company Bit Digital reported its latest quarterly earnings results this week. The company earned 318.4 bitcoins during the second quarter of 2023. Bit Digital CEO Sam Tabar joins "First Mover" to discuss why bitcoin's (BTC) price is a major headwind for the mining industry. Plus, insights on their nearly carbon-free operations and the miner's fairly recent expansion into Iceland.

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Shiba Inu Metaverse Advisor: We'll Pursue 'Every Brand There Is on Earth' for Partnerships

Shiba Inu tokens have slumped in the past 24 hours, as users report bridging issues after the much-hyped Shibarium network went live late on Wednesday. SHIB metaverse advisor Marcie Jastrow joins "First Mover" to discuss the Shibarium blockchain going live and why Shibarium is focusing on the metaverse and gaming applications. Plus, Jastrow's outlook on potential partnerships and telling the story of SHIB.

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