THE HASH: First Republic Bank's Stock Sinks, Even After Big Bank Bailout; Salesforce Partners With Polygon on Web3 Projects
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 March 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Friday, March 17, 2023.
"The Hash" tackles today's hot topics: 11 major banks take action to rescue First Republic Bank. So why is First Republic's stock still flling? Time magazine reports that leaders of the Effective Altruism movement were repeatedly warned about Sam Bankman-Fried's character years before FTX collapsed. Plus, Salesforce is teaming up with Polygon for NFT-based loyalty programs.
See also:
Eleven Banks Deposit $30 Billion in First Republic Bank - WSJ
Former FDIC Regulator: Friendliness Toward Crypto 'Does Not Exist'
Crypto Twitter Thinks the Fed's $297B Balance Sheet Expansion Is 'QE', But It's Not
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This episode has been edited by Adrian Blust. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. This is the hash podcast. |
| 0:59.7 | Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more. |
| 1:04.9 | All on the hash for your ears. |
| 1:08.6 | You're listening to the Coindex Podcast Network. |
| 1:13.4 | Hey, it's Coindex TV. You're watching The Hash. Best show on CoinDest TV. Everyone knows. |
| 1:19.2 | Everyone says so. We're here. It's Friday. Happy St. Patty's Day. I'm Zach Seward. We got |
| 1:24.9 | Adabee Levine. We got David Z. Morris. My middle initial is R. Let's get this |
| 1:30.5 | thing going. Adam, take it away. Thanks, Zach. First up, 11 big banks, including J.P. Morgan Chase, |
| 1:38.0 | Wells Fargo, Goldman Sachs, Morgan Stanley, and Moore announced last night that they would take the |
| 1:42.3 | somewhat theatrical step of depositing $30 billion worth of uninsured deposits into the troubled First Republic Bank. |
| 1:48.9 | But even that move, along with the introduction of the Fed's latest bailout window, |
| 1:52.3 | might still not be enough to quiet concerns about just how stable and safe the U.S. banking |
| 1:56.5 | system really is. |
... |
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