THE HASH: OPNX Issues New Governance Token; European Parliament Study Examines Crypto Assets

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4.7 • 698 Ratings

🗓️ 1 June 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Thursday, June 1, 2023. "The Hash" panel breaks down today's top stories shaping the crypto markets, including bankruptcy claims exchange OPNX issuing a new governance token dubbed "Open Exchange token" (OX), which is designed to reduce trading fees on the platform. Separately, a new study from the European Parliament says cryptocurrencies should be treated as securities by default. And, blockchain Sui signs a multi-year deal with Red Bull Racing. See also: Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16% Treat Crypto as Securities by Default, European Parliament Study Says Sui Blockchain Signs Multiyear Deal With Red Bull Racing - This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” 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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0:00.0	This is the hash podcast. Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more.
0:15.9	All on the hash for your ears. You're listening to the Coin Desk Podcast Network.
0:23.5	Hey there, it's the hash on CoinDest TV and the CoinDest Podcast Network. It's June 1st,
0:31.0	by the way. Happy Thursday. Happy June. Let's do this thing. The hash is here to get you up to speed
0:35.4	on all that's going on in the world of crypto news. I'm Zach Seward. We got Adam Levine. We got Jensenassie. We got Will
0:40.2	Foxley. We got a story on the 3AC guys to open the show. And I am taking it. That's right.
0:47.3	Bankruptcy claims exchange. OpenX issues another token. The OX token. OpenX's own little version of BNB or FTT was issued today,
0:58.1	and people were excited. Now, three C guys partnered with the CoinFlex guys to launch OpenX,
1:04.4	so CoinFlex had a pre-existing token called Flex. There's a relationship between two tokens,
1:09.3	and Flex was pumping a little bit on the news
1:11.9	when this was dropped today.
1:13.8	We'll talk about exchange tokens.
1:15.0	We'll talk about OpenX.
1:16.1	This also follows some somewhat contested fundraising announcements that were made by OpenX.
1:20.8	So we'll also talk about that.
1:22.4	I'll talk to this straight to Adam for his thoughts.
1:24.0	What do you think on OpenX these days?
1:25.5	I think that this type of exchange actually
1:27.8	makes a ton of sense. We've seen these sort of informal things come up. And really, again,
1:31.7	what's happening here if you dig into it, is that when a company goes bankrupt, you've got
1:36.1	creditors, those creditors are owed money, but the process for getting that money out can,
1:39.9	in the case of something like Mount Gawks, literally be, you know, like 10 years.
	...

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