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Short Sellers Ramping Up Bets Against Tether Amid Market Meltdown
Institutional investors are increasingly shorting tether (USDT), the world’s largest stablecoin, amid a wider market sell-off and on the heels of TerraUSD (UST)’s collapse. “The Hash” hosts discuss why Wall Street could be betting big against tether and what this means for the industry.
Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources
Goldman Sachs is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, according to two people familiar with the matter. CoinDesk Deputing Managing Editor Tracy Wang discusses the details.
FTX Token DAO Raises $7M From Community of Sam Bankman-Fried Fans
A community dedicated to FTT, the native token of crypto exchange FTX, has raised $7 million (250,000 FTT), which will be converted into an ecosystem fund for community-led projects across DeFi and crypto education. "The Hash" team discusses the latest in Sam Bankman-Fried's crypto empire.
Exclusive: Morgan Creek Tries to Counter FTX’s BlockFi Bailout, Leaked Call Shows
Crypto investment firm Morgan Creek Digital is attempting to raise $250 million from investors to purchase a majority stake in crypto lender BlockFi, a leaked investor call from Tuesday reveals. CoinDesk's Tracy Wang has the scoop.
Solana Founder & CEO on Building Web3 Mobile Phone
Solana Labs has unveiled Saga, a flagship Android smartphone focused on Web3 releasing in 2023. Solana Labs co-founder & CEO Anatoly Yakovenko shares his insights, highlighting the phone's privacy features and Solana's competitive advantages over other protocols. "This is the right thing to do at the right time," Yakovenko said.
Bitcoin Holds Above $21K in Weekend Trading
Bitcoin (BTC) is slightly down after a steady weekend of trading around $21,000. 21Shares co-founder and CEO Hany Rashwan discusses his crypto markets outlook and why he expects to see continued correlation with the equities. Plus, the fallout from the Terra ETP fund.
OKX Plans to Add 1.5K Staff Despite Market Downturn
Crypto exchange OKX plans to increase headcount by 30%, growing by 1,500 people to about 5,000 over the next 12 months. OKX Director of Financial Markets Lennix Lai discusses why and how the firm is expanding despite crypto winter.
BIS Warns Over Crypto Flaws; Crypto Bailout Battles
Bank for International Settlements says crypto unsuitable as money. Morgan Creek said to try countering FTX’s BlockFi bailout. Goldman Sachs reportedly trying to buy distressed assets from Celsius. Metaverse features expected in HTC’s new phone. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Protocol vs. Platform Risk
CoinDesk’s Christie Harkin explains what makes protocol failures in DeFi projects different from bitcoin (BTC)’s latest downturn.
Investors Pile Into Short Bitcoin ETF Betting on Prices to Fall
The ProShares Short Bitcoin Strategy ETF, a recently launched short bitcoin ETF designed to profit investors who bet on BTC price falling, is now the second-largest bitcoin-focused ETF in the U.S. market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.