THE HASH: FTX Reportedly Begins Talks to Reboot International Crypto Exchange; Retailers Latch on to NFT Hype
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 29 June 2023
⏱️ 22 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Thursday, June 29, 2023.
"The Hash" hosts discuss today's top stories in crypto, including FTX reportedly discussing plans to restart its flagship international crypto exchange. Separately, Coinbase claims the SEC has no jurisdiction over the digital assets listed on its platform. And, Total Marketing Web3 Partner Matt Varnell joins the show to discuss how an NFT project made its way onto Lowe's website.
See also:
FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B
FTX Customers Have Until End-September to Submit Bankruptcy Claims
Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers
SEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response
Home Improvement Giant Lowe's Is Selling an Mfers Meme NFT Garden Flag
This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:10.4 | Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more. |
| 0:15.7 | All on the hash for your ears. |
| 0:19.2 | You're listening to the Coin Desk Podcast Network. |
| 0:23.5 | Hey there. Welcome to The Hash. It's me, Zach. I got Jensenassie. I got Adam Levine. We're on |
| 0:29.1 | CoinDest TV. That's pretty cool. CoinDest Podcast Network, also super cool. Check it out. Good stuff. |
| 0:35.2 | We're here to talk about today's news and crypto and more. |
| 0:37.7 | And I'm going to kick it straight to Jen for the first story of the day. Jen, what do you got? |
| 0:40.8 | All right. We got some more developments with FTX according to report by the Wall Street Journal. |
| 0:45.9 | FTX is moving ahead with plans to restart its international exchange. CEO John Jay, Ray, the third, is quoted in the article saying that the company has, quote, begun process of soliciting interested parties to the reboot of the FTX.com exchange. |
| 1:02.8 | Sources say the company has already had early talks with investors about different structures, including possibly a joint venture. |
| 1:11.3 | Adam, I'm going to kick this one off to you. |
| 1:14.4 | Seems like FTX 2.0 could be on the horizon. |
| 1:18.2 | What do you make of this? |
| 1:19.3 | Well, I think it makes sense just from the perspective of if you were going to try to get |
| 1:24.2 | value out of this brand, then this would be the way to do it. |
| 1:28.7 | FTX, although it had a pretty abrupt fall from grace, really was a top exchange for a good amount of time, not necessarily for |
| 1:33.6 | folks in the U.S. We weren't really allowed to use it, much to my chagrin at the time. But in hindsight, |
| 1:38.5 | that turned out to be pretty all right. The reality, though, is that if they can reboot it, then there probably is substantial brand |
| 1:44.2 | value to be had there. |
| 1:46.1 | And that could wind up being a better way to recover, you know, much of kind of the losses |
| 1:50.7 | that appear to have been incurred here for folks who have funds trapped in there. |
... |
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