THE HASH: Bitcoin Dips Below $17K as Binance Said to Waver on FTX Deal, NFL Legend Tom Brady Caught in FTX Fallout
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 9 November 2022
⏱️ 22 minutes
🧾️ Download transcript
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
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This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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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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