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Bitcoin dropped about 6% in the past 24 hours to sink below $21,000 for the first time in seven weeks as investors continued to fret about the fallout from crypto-friendly bank Silvergate Bank’s implosion. Tactive Wealth Advisor Eddy Gifford shares his reaction.

Mar 9, 2023

Web3 music platform Audius said it’s implementing a non-fungible token (NFT) gating feature intended to allow artists to release exclusive content to NFT holders. This comes as streaming service Spotify is testing token-gated playlists. "The Hash" panel discusses Audius' continued blockchain push and the implications for the music industry.

Mar 9, 2023

Arthur Hayes, a co-founder of crypto exchange BitMEX, has proposed NakaDollar (NUSD), a stablecoin backed by bitcoin (BTC) and bitcoin derivatives, which would theoretically be deeply liquid and attractive to traders and provide stability if accepted and used by investors and crypto exchanges. "The Hash" panel discusses the proposal and the future of the stablecoin market.

Mar 9, 2023

The Gitcoin Presents non-fungible token (NFT) collection is soaring in value after its open edition mint concluded Wednesday, taking the top spot across leading marketplaces. The collection is rapidly rising in interest and value because of the association of Ethereum co-founder Vitalik Buterin with the project, though his direct involvement in the NFT drop has not been established. "The Hash" panel discuss the drop and the implications for the Ethereum community.

Mar 9, 2023

The crypto industry is in the middle of a banking crisis with the collapse of crypto-friendly Silvergate Bank, and Crypto.com hasn’t been spared. The Singapore-headquartered exchange can now only provide euro-denominated banking services to users in the European Economic Area (EEA), having previously lost the ability to accept USD deposits because of issues with its banking partners. "The Hash" panel discusses why this is a historic moment in crypto.

Mar 9, 2023

Crypto Critics' Corner co-host Bennett Tomlin, who is a notable critic of stablecoin Tether, said he is continuously "surprised" by the resiliency of Tether, particularly following its relationship with Alameda Research.

Mar 9, 2023

Opimas LLC CEO and founder Octavio Marenzi discusses the crypto market impact of the Silvergate Bank turmoil saying, "the markets reacted with a big yawn." He adds that the macroeconomic backdrop, with U.S. Federal Reserve Chair Jerome Powell saying interest rate hikes are not finished, "is definitely having a bigger effect on crypto markets more generally."

Mar 9, 2023

Silvergate Bank is planning to wind down its operations, roughly a week after the crypto-friendly bank said it would have to delay filing its annual 10-K report due to questions from its auditors. Bianco Research, LLC President and Macro Strategist Jim Bianco weighs in on these developments. "Silvergate had to be perfect because of the industry they were in," Bianco said. "They weren't and they've paid a heavy price for it."

Mar 9, 2023

Opimas LLC CEO and founder Octavio Marenzi discusses whether institutional investors could gain more exposure in bitcoin spot ETFs if approved, as the Grayscale Bitcoin Trust (GBTC) discount to net asset value has fallen to below 35%. Grayscale and CoinDesk are owned by Digital Currency Group (DCG).

Mar 9, 2023

Could Silvergate collapse cause more pain in the crypto industry? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

Mar 9, 2023