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The Hash
SEC Reportedly Calls Spot Bitcoin ETF Filings Inadequate; Unpacking the Scrutiny Surrounding Prometheum
"The Hash" explores today's top stories in crypto, including bitcoin plunging after the SEC reportedly said recent filings to launch a spot bitcoin ETF are inadequate. Meanwhile, Melania Trump is out with a new NFT collection ahead of Independence Day. Celsius was granted permission to start liquidating its altcoins. And, a conversation regarding Prometheum and the future of crypto compliance in the U.S.

FTX Reportedly Begins Talks to Reboot International Crypto Exchange; Retailers Latch on to NFT Hype
"The Hash" hosts discuss today's top stories in crypto, including FTX reportedly discussing plans to restart its flagship international crypto exchange. Separately, Coinbase claims the SEC has no jurisdiction over the digital assets listed on its platform. And, Total Marketing Web3 Partner Matt Varnell joins the show to discuss how an NFT project made its way onto the Lowe's website.

Microstrategy Now Holds Over $4.6B Worth of Bitcoin; Ledger's Institutional Moves
"The Hash" hosts explore today's biggest topics in crypto, including Michael Saylor's MicroStrategy buying over 12K bitcoin for $347 million in the last two months. Meanwhile, crypto custody firm Ledger is targeting institutions with an open, enterprise-grade trading platform. Plus, the European Commission published its legislative plans to underpin a digital euro. And, a closer look at why the floor prices of Chiru Labs' popular Azuki NFT collection fell recently.

Fidelity Reportedly Gears Up to Submit Spot Bitcoin ETF Filing; Damus Anticipates Removal From Apple App Store
"The Hash" hosts unpack today's top stories, including The Block reporting that Fidelity is expected to submit a spot bitcoin ETF filing. Meanwhile, the founder of Damus expects Apple to remove the decentralized social media platform from its App Store. Plus, the EU secured a political deal on new crypto bank-capital legislation. And, Robinhood will end support for three tokens named as securities in the SEC's recent lawsuits.

Terra Classic Revival Plans Rev Up; 2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft
"The Hash" explores today's biggest stories in crypto. including six engineers proposing a Terra Classic ecosystem revival plan for the blockchain. Meanwhile, a British man received a 5-year sentence from a federal judge on an elaborate Twitter hack and a separate crypto-related SIM-swapping scheme, Inner City Press reported. Plus, Bernstein says the U.S. has room for a compliant crypto ETF to grow market share as a bitcoin on-ramp. And Singapore's central bank is proposing ways to design open, interoperable networks for tokenized digital assets.

Alameda Seeks Return of $700M; Brian Armstrong's 'Super App' Vision for Coinbase
"The Hash" tackles today's hottest topics in crypto, including Alameda Research seeking the return of $700 million founder Sam Bankman-Fried appears to have paid for access to celebrities and politicians. Plus, Coinbase CEO Brian Armstrong envisions the exchange's platform to becoming a global "super app" like the popular WeChat. Meanwhile, the International Monetary Fund (IMF) states banning crypto may not be the best way of mitigating the associated risks. And, the Financial Action Task Force (FATF) says most jurisdictions are not complying with global crypto laundering norms.

BitGo Terminates Acquisition of Rival Prime Trust; German Intelligence Agency Releases NFT Collection to Recruit Talent
"The Hash" tackles today's biggest stories in crypto, including cryptocurrency custodian BitGo ending its acquisition of rival Prime Trust. Plus, a closer look at why German Intelligence Agency Bundesnachrichtendienst (BND) has released a non-fungible token (NFT) collection to recruit talent through a gamified blockchain treasure hunt. Meanwhile, some lobby groups and crypto companies in the U.K. believe the digital pound should be interoperable with crypto to be suitable for the future.

Court Examiner Says FTX's Bankruptcy Fees Already Topped $200M; Could Stablecoins, DeFi be in SEC's Crosshairs Next?
"The Hash" explores today's top stories in crypto, including FTX’s bankruptcy fees already topping $200 million, according to a court-appointed examiner. Separately, Berenberg's recent research suggests stablecoins and DeFi are likely to become the next targets in the U.S. Securities and Exchange Commission (SEC)'s crypto crackdown. And, the Monetary Authority of Singapore (MAS) is proposing common conditions for retail payments with digital money on a distributed ledger.

Do Kwon Sentenced to Four Months in Montenegro Jail; Alibaba Taps Crypto Friendly Joseph Tsai as Chairman
"The Hash" explores today's top stories in crypto, including Terraform Labs founder Do Kwon being sentenced to four months in jail by a Montenegro court after being found guilty of document forgery. Separately, Alibaba announced Joseph Tsai, one of its founders, will step into the role of chairman at the company this September. Plus, EDX Markets, which has funding from financial heavyweights like Charles Schwab, announces the launch of its digital asset market. And, Binance has set up Lightning nodes on the Bitcoin network.

Abra Insolvent for Months: Regulators; Tether’s Banking Relationships Detailed in Legal Documents
"The Hash" hosts unpack today's top stories: Binance's French unit undergoes investigation by local authorities for the "illegal" provision of digital asset services and "acts of aggravated money laundering". The exchange is also leaving the Netherlands after failing to acquire a license from the Dutch regulator. Separately, crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday. Plus, new documents obtained by CoinDesk under a Freedom of Information Law request, offer a rare but limited window into the reserves behind USDT. And, the latest on former President Donald Trump's NFT project.
