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Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin
MicroStrategy, which was founded by crypto billionaire Michael Saylor, bought 12,333 bitcoin (BTC), for $347 million in cash, between April 29 and June 27, the company said on Wednesday. The firm now holds 152,333 bitcoin, worth over $4.6 billion at current prices with the most recent purchases. "The Hash" panel discusses the company's ongoing bitcoin bet.

Outlook for Singapore's Crypto Industry After Terraform Labs, 3AC Implosions
Zhuling Chen, founder and CEO of RockX, discusses the lessons learned after the collapse of crypto darlings Terraform Labs and Three Arrows Capital. “It was an alert to everyone, both to the government and also to people that were embracing the innovations,” Chen said.

Nevada Files to Place Crypto Custodian Prime Trust Into Receivership
Nevada's Financial Institutions Division announced on Tuesday that the regulator has filed to take over crypto custodian Prime Trust and freeze all of its businesses, just days after a Nevada cease-and-desist order that alleged Prime Trust was near insolvency. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the firm's financial condition and possible receivers.

Where Is Singapore's Crypto Industry Headed?
Singapore nabbed second place in CoinDesk's Crypto Hub rankings this year, which outlines the best places to live freely and work smart in the Web3 and blockchain space. RockX founder and CEO Zhuling Chen weighs in on the crypto environment in Singapore and the regulatory outlook after the collapse of Terraform Labs and Three Arrows Capital.

Bitcoin Maintains $30K Amid U.S. Spot Bitcoin ETF Optimism
Bitcoin (BTC) is holding steady around $30,000 as the market remains optimistic about a spot bitcoin ETF approval in the U.S. Maple Head of Growth and Capital Markets Quinn Thompson joins "First Mover" to discuss the potential macro factors moving bitcoin's price and the wider crypto markets.

First Leveraged Bitcoin ETF in U.S. Trades $5.5M on Day One
Volatility Shares 2x Bitcoin Strategy ETF (BITX), the first leveraged bitcoin ETF in the U.S., started trading on Tuesday, witnessing $5.5 million of volume on its first day, according to data from Bloomberg. Maple Head of Growth and Capital Markets Quinn Thompson shares his reaction, along with the potential market implications for a U.S. spot bitcoin ETF.

Hut 8 CEO on Securing Up to $50M in Loans From Coinbase, State of Bitcoin Mining
Hut 8 Mining has secured up to $50 million in loans from Coinbase Credit to fund its operations. Jaime Leverton, CEO of the North American digital asset miner, joins "First Mover" to discuss working with Coinbase Credit and what the loans will be used for. Plus, Leverton's insights on the state of crypto mining and outlook on bitcoin (BTC) as major players like Compute North and Core Scientific have previously filed for chapter 11 bankruptcy protection.

Bitcoin Cash Sees Largest Bets in 2 Years as BCH Doubles in a Week
Open interest in futures tracking Bitcoin Cash (BCH) tokens has surged to May 2021 levels as the Bitcoin offshoot network experiences a revival of activity and value. The Bitcoin offshoot network is becoming one of the top performing tokens above the 1 billion dollar market cap, likely a result from the network upgrade and listing on exchange EDX Markets. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

Damus Founder Anticipates Delisting From Apple App Store
Apple is expected to remove Damus, a Twitter-like app popular with bitcoiners, from its App Store for reportedly violating the company’s in-app purchase guidelines, according to Damus founder William Casarin. "The Hash" panel discusses the latest developments after the app went live in the App Store earlier this year.

Robinhood Lays Off 7% of Full-Time Staff in Third Round of Job Cuts Since April 2022: WSJ
Robinhood (HOOD) has shed 7% of its full-time staff, or about 150 employees, in a third round of layoffs since April 2022, according to The Wall Street Journal. This comes as the trading platform delists Cardano (ADA), Polygon (MATIC) and Solana (SOL), tokens that the SEC named as securities in its recent lawsuits against Binance and Coinbase. "The Hash" discusses Robinhood's recent business decisions.
