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Metropolitan Bank Heads for Crypto Exit; Around 117 Parties Express Interest in Buying FTX Units
"The Hash" group discuss today's top stories, including around 117 parties expressing interest in buying units of FTX, according to a legal filing. Plus, Metropolitan Commercial Bank announces it will end its crypto-related services because of "recent developments" in the digital asset industry. And, a closer look at the super bearish ether trade that made all the noise last week.
Data Shows Huobi Suffers $60M Token Outflows in a Day, Huobi Announces Major Layoffs
Crypto exchange Huobi saw turbulent trading in its HT token during Asian daytime hours after it confirmed a 20% staff reduction. The exchange has experienced outflows of $64 million in the past 24 hours, according to Nansen. "The Hash" group shares their hot takes on Huobi's latest development and other top stories of the day.
Silvergate Shares Plummet Amid Over $8B in Withdrawals, Hackers Stole High-Value NFTs From Prominent Web3 Builders
"The Hash" group discusses today's top stories: Crypto bank Silvergate Capital stocks have taken a free fall this morning, down over 46% as the firm racing to cover $8.1 billion in withdrawals during the crypto meltdown; the TON Foundation aims to solve large-scale data storage problems by launching Ton Storage project. Plus, two Web3 builders have lost NFTs estimated to have been worth hundreds of thousands of dollars to scammers.
Genesis' CEO Tells Clients It Needs More Time to Sort Out Finances; What's Next for Sam Bankman-Fried?
"The Hash" panel discusses the top stories shaping the crypto markets today, including the interim CEO of Genesis Global Trading telling clients the cryptocurrency brokerage and lender needs more time to sort out its tricky financial position. Genesis and CoinDesk are both owned by parent company Digital Currency Group. Plus, a closer look at the road ahead for former FTX CEO Sam Bankman-Fried's legal proceedings as a tentative trial date of Oct. 2.
Sam Bankman-Fried's Upcoming Court Appearance; Solana Surges Amid Rising Interest for Dog Coin Bonk
Former FTX CEO Sam Bankman-Fried is set to appear in person at a Manhattan federal court this afternoon. The Wall Street Journal reports that the disgraced crypto exchange founder will likely plead not guilty to fraud at his arraignment. Plus, a closer look at why solana (SOL) is climbing, while other cryptos like bitcoin (BTC) and ether (ETH), were little changed following a flat weekend.