THE HASH: Bitcoin Dips Below $17K as Binance Said to Waver on FTX Deal, NFL Legend Tom Brady Caught in FTX Fallout

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CoinDesk

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4.7 • 698 Ratings

🗓️ 9 November 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by minima.global and Circle. The most valuable crypto stories for Monday, Nov. 8, 2022. Bitcoin (BTC) dropped to a new 23-month low, as CoinDesk reports cryptocurrency exchange giant Binance is highly unlikely to go through with its proposed acquisition of struggling rival FTX after less than a day of reviewing the company, according to a person familiar with the matter. "The Hash" team discusses the latest developments and what it could mean for seven-time Super Bowl champion Tom Brady, who quickly became a prominent FTX backer. See also: Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal - This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode is sponsored by Minima.global and Circle.
0:12.6	This is the hash podcast.
0:15.3	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,
0:20.4	with stories that matter to the crypto world,
0:22.7	all on the hash for your ears.
0:26.2	You're listening to the Coin Desk Podcast Network.
0:32.4	Hello, everyone. You're watching The Hash on CoinDesk TV. If you've been watching for the last hour you may have
0:39.1	tuned into our twitter spaces coin desk newsroom is still making sense of what is going on between
0:45.1	binance and f tx it has definitely been a tumultuous past couple of days on today's show we have ftX, Binance, Tom Brady, and Kim Kardashian.
0:58.0	I think it is probably the most hyped show that we have had in the last couple months,
1:03.7	at least. I'm Jensen Assey. I'm joined by Zach Seward and Wendy O Zach.
1:08.1	You are kicking us off today. Let's talk about FTX.
1:12.6	I will do my best.
1:14.6	It is amazing how quickly things can change in this space.
1:18.6	And that is what we're going to spend a good chunk of today talking about.
1:21.6	Now, to get you caught up, all sorts of stuff went down yesterday in which
1:26.6	Sandbeckman Freed of FTX said that they had come to an agreement with CZ of Binance for Binance to acquire FTX.com pending due diligence on the part of Binance.
1:37.2	Now, according to a source today, finance is leaning against getting this deal done.
1:42.1	They took a look under the hood and it's not looking good,
1:44.2	according to a source talking to Coin Desk's Ian Allison.
1:46.8	This is a highly fluid situation,
1:48.9	something that has captured the markets and mainstream attention
	...

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