Wendy O
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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.
Vitalik Buterin Tweets Support of Solana; Cathie Wood Doubles Down on Coinbase
Solana’s native token SOL is rebounding off its Thursday lows, after Ethereum co-founder Vitalik Buterin tweeted support for the blockchain most battered by FTX’s implosion. Plus, ARK Invest, a technology and fintech firm run by Cathie Wood, made its largest investment in Coinbase (COIN) stock since Dec. 14 on Thursday, adding about $5.5 million of the shares, based on closing prices.
Solana Tumbles in Wake of FTX Collapse; Anonymous Twitter User Leaks 3Commas API Database
Solana (SOL) has dropped as much as 10% in the past 24 hours, adding to a 20% slide over the past week. Selling pressure on the tokens came from their close links to disgraced FTX founder Sam Bankman-Fried, who faces charges of fraud and misappropriation of client funds. Separately, an anonymous Twitter user has obtained around 100,000 API keys belonging to users of the crypto trading service 3Commas.
