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Closer Look at XRP, Bitcoin Performance; Web3 Funding from Venture Capital Funds Slumps

Host Angie Lau breaks down the latest crypto market movements, with a focus on XRP after Ripple's partial win in its legal battle against the U.S. Securities and Exchange Commissioner (SEC). Plus, the latest in Web3 developments as venture funding in the space slows down. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."

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Understanding the U.S. Spot Bitcoin ETF Race

The crypto industry has seen a flurry of spot bitcoin ETF applications from major TradFi players, including BlackRock. ETF Think Tank research director Cinthia Murphy discusses what to know about the ongoing bitcoin ETF race and the current regulatory implications. Plus, insights into Coinbase reaching an agreement with Cboe’s BZX Exchange to maintain a surveillance-sharing agreement for five of its spot bitcoin ETF applications.

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From the Runway to the Auction House: Christie's and Gucci Team Up on NFT Collection

Iconic auction house Christie's has teamed up with luxury fashion brand Gucci to release a digital art non-fungible token (NFT) collection featuring works from various generative artists, including decentralized autonomous artist Botto. Christie's manager of digital art sales Sebastian Sanchez and artist Mario Klingemann, the guardian of Botto, share their insights into the "Future Frequencies" collection and the future of digital art.

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SOL, XRP Lead Crypto Market Slide as Bitcoin Slips Below $30K

Bitcoin is dipping under $30,000 even as broader traditional markets remain relatively unchanged. Tokens of some of the largest blockchains, such as Solana's SOL, fell as much as 8% in the past 24 hours, data shows. WisdomTree Head of Digital Assets Will Peck discusses his crypto markets analysis and outlook.

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Federal Reserve Launches Instant Payments Service; Tesla's Bitcoin Holdings

“CoinDesk Daily” host Jennifer Sanasie dives into today’s biggest headlines in crypto, including the Federal Reserve officially opening its new instant payments service, FedNow. Tesla (TSLA) did not buy or sell any bitcoin for the fourth straight quarter in Q2 2023. And, some users of FTX are being targeted by a potential phishing attack after being sent a "reset password" request from the exchange's official customer support email.

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El Salvador's Bonds Skyrocket Amid Bitcoin's 2023 Rally

Since Fitch downgraded El Salvador’s debt rating in September 2022 with a prediction of a debt default in January 2023, the country’s junk-rated bonds have skyrocketed, mirroring bitcoin’s meteoric rise throughout 2023. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Federal Reserve Launches Instant Payments Service 'FedNow'

The U.S. Federal Reserve announced that the central bank has officially gone live with its controversial instant payments service, FedNow. Early adopters include JPMorgan Chase and Wells Fargo, with 16 other institutions supporting the service. "The Hash" panel discusses the recent criticism as the Fed says its new service will operate for 24 hours every single day.

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StoryCo Co-Creator on Web3 Entertainment as Hollywood Strikes Continue

StoryCo co-creator J.P. Alanís joins "The Hash" panel to discuss how Web3 developments could revolutionize storytelling and creative production as a union representing over 150,000 Hollywood actors officially went on strike last week.

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Web3 Studio Satirizes Sam Bankman-Fried and FTX in New Animated Comedy

Web3 studio Toonstar is set to premiere a new animated series this fall called “FORTUN3” that features the defunct crypto exchange FTX and its former CEO Sam Bankman-Fried. "The Hash" panel discusses the "crypto-bro" culture and their expectations on the debut of the comedy series.

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FTX Wants to Claw Back $71M From Its Philanthropic and Life Science Arms

FTX and its sister firm Alameda seeks to retrieve more than $71 million from its philanthropic arm and other life science entities. Separately, several users of bankrupt crypto exchange FTX are being targeted by a potential phishing attack after being sent a "reset password" request from the exchange's official customer support email. "The Hash" panel weighs in on the latest in FTX's bankruptcy developments.

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