THE HASH: Data Shows Huobi Suffers $60M Token Outflows in a Day, Huobi Announces Major Layoffs

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Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 6 January 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by the Galaxy Brains Podcast. The most valuable crypto stories for Friday, January 6, 2023. 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. See also: Tron's Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange Crypto Exchange Huobi Sees $60M Token Outflows in a Day: Nansen - This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Galaxy Brains: Whether it’s breaking down market volatility or analyzing the latest development, come for the latest market insights from our in-house trading professionals and renowned experts from across the industry. Stay for the occasional rap from host Alex Thorn. Check out the latest episodes here: https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=Hash&utm_medium=podcast&utm_id=CoinDesk 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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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.7	This episode of The HASH is sponsored by the Galaxy Brains podcast.
1:10.0	This is the HASH podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, with stories that matter to the crypto world.
1:12.4	All on the H hash for your ears.
1:16.6	You're listening to the Coin Desk Podcast Network.
1:26.7	Hey everyone, happy Friday and welcome to the hash on Coin Desk TV and the Coin Desk Podcast Network.
1:29.3	I'm Jensenassie. Zach Seward's doing a little sway there. Will's getting in on the action. Thanks for being with us before the weekend.
1:36.2	Zach, you got the first story. First story. What's going on with Wobe? There's all sorts of
1:41.5	woeby drama going on. We got confirmed layoffs, significant layoffs, about 20%. We have all sorts of outflows, just like there's tons of money going off Woeby right now. Justin's son is involved. There's all sorts of drama. Let's talk about it. Will, is Woeby the next shoe to drop? It kind of seems like it at the moment.
2:03.8	Expect mischief and intrigue where Justin is involved. That is the storyline here,
2:08.6	as it always should be. When you purchased Wobie, a lot of people thought he was going to make some
2:12.6	changes. He made a lot of changes to Polonex, another exchange you purchased quite a while back.
2:17.1	Exchange has actually basically kind of fallen off the radar.
	...

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