THE HASH: Headlines - Top Stories of the Week 11-21-22
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 November 2022
⏱️ 22 minutes
🧾️ Download transcript
Summary
This episode is sponsored by minima.global and Circle.
A roundup of the week’s most valuable crypto stories for Saturday, Nov. 26, 2022.
Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.
“Hash Headlines” rounds up this week’s headline stories, including:
- FTX Exploiter Developments
- Binance's CZ Reportedly Met with Middle East Investors for Crypto Recovery Fund
- Litecoin Surges
Links to the headlines:
More Than 50% of Bitcoin Addresses Are Now in Loss
Binance CEO Seeking Funds From Middle East Investors for Crypto Recovery Fund: Bloomberg
Pre-Halving Rally? Litecoin Surges 43% to 6-Month High
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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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.
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Transcript
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| 0:00.0 | This episode is sponsored by Minima.global and Circle. |
| 0:08.3 | You're listening to The Hash Headlines on the CoinDest Podcast Network. |
| 0:13.4 | Get caught up on this week's top stories from the Hash crew. |
| 0:19.1 | And just a reminder, CoinDesk is a news source and does not provide investment advice. |
| 0:29.0 | Monday's top story. |
| 0:33.1 | I am leaning off today with some bad news. |
| 0:35.3 | We keep starting the week off on bad news, but that's |
| 0:37.9 | kind of where we're at with crypto right now. It's a bear market. Grayscale Bitcoin trust is down |
| 0:42.2 | to a discount of 43% that's record high. And that's because look at this on the right there. |
| 0:48.2 | Bitcoin is not doing so great either. 50% of wallets are actually in the red in terms of purchases. So if you look at the longevity |
| 0:55.8 | of coins being purchased since Bitcoin's inception, 50% of those coins have been purchased |
| 1:01.7 | and now are at a loss. That's a huge negative note for investors out there who probably |
| 1:07.6 | purchased during either one of the bull markets and are now sitting on |
| 1:11.4 | a stack that's underwater. |
| 1:13.0 | And that leads to different accounts in Bitcoin or different products in Bitcoin that aren't |
| 1:17.3 | doing so hot either. |
| 1:18.3 | So we have the gray scale Bitcoin Trust, which I mentioned a second go, is down at 43% |
| 1:22.8 | discount. |
| 1:23.6 | Of course, CoinDesk is now owned by DCG, so we'll make a little disclosure there. |
| 1:27.8 | Why does this matter that this product is at a discount? |
| 1:30.0 | Well, a lot of people have it in their 401K. |
| 1:32.1 | That's the reason this trust product actually gained ground and why it's actually a bedrock |
... |
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