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Celsius Files for Bankruptcy; Crypto Unfazed by US inflation

Celsius files for bankruptcy after paying off hundreds of millions of dollars of loans. Bitcoin bounces back after U.S. CPI hits 41-year high. MATIC skyrockets as Polygon joins Disney accelerator. Bitcoin hashrate slumps to lowest in over five months amid over 100 degree weather in Texas. Questions over Circle’s USDC reserves linger despite reassurances. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Terra Projects Begin Moving to Polygon 2 Months After UST Debacle

Almost two months after Terra collapsed following TerraUSD (UST)’s implosion, more than 48 projects previously on the network have begun migrating to Polygon. “The Hash” squad discusses what this means for the fate of the Terra ecosystem.

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Polygon Joins Solana in Bringing Web3 to Smartphones

Tech startup Nothing has tapped Ethereum scaling tool Polygon to offer NFTs on its new Android-based Nothing Phone (1). This comes as Polygon’s competitor, Solana, is also developing its own Web3-focused phone called Saga.

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Polygon Calling on Terra Projects to Move to its Blockchain

Terra and “LUNA 2” (LUNA) have launched following the collapse of the Terra ecosystem. Their thriving developer community will have to decide whether to continue building on the new Terra or abandon ship to competitor blockchains eager to snatch up talent. Polygon Co-founder Sandeep Nailwal and Polygon Studios CEO Ryan Wyatt discuss on “First Mover.”

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Tether Expands With USDT Launch on Polygon

Tether has launched its USDT token on Polygon, an Ethereum scaling platform. The largest stablecoin by market capitalization is now available on more than 11 blockchains. “The Hash” team discusses the latest milestone in Tether’s multi-chain push.

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GameStop and eBay Jump into NFTs Despite Bear Market Concerns

Video game retailer GameStop (GME) has unveiled its own self-custodial Ethereum wallet for cryptocurrencies and non-fungible tokens (NFTs), while eBay released its debut digital asset collection through a partnership with Tezos and Polygon-based platform OneOf. “The Hash” group discusses why these two legacy brands have decided to enter Web 3 amid a bear market, referencing the underwhelming performance of Coinbase’s new NFT platform.

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Paul Brody on the Rise and Fall of Terra Luna, Blockchain Use Cases and More

Ernst & Young’s (EY) Paul Brody shares insights into the collapse of Terra’s UST and LUNA, discussing the importance of investing in protocols with “institutional maturity.” Plus, EY has unveiled its supply chain manager built for the Polygon network aimed at solving bottlenecks in product traceability.

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Terra to Provide UST Liquidity on Polygon-Based SynFutures

Terra will provide liquidity for TerraUSD (UST) trade pairs on Polygon-based decentralized finance (DeFi) exchange SynFutures as the stablecoin continues to grow in popularity. “The Hash” group discusses the Luna Foundation Guard’s (LFG) bitcoin acquisitions to back the digital asset and Terra’s efforts to build cultural bridges with external ecosystems like Avalanche. 

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