THE HASH: OPNX Issues New Governance Token; European Parliament Study Examines Crypto Assets
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 1 June 2023
⏱️ 25 minutes
🧾️ Download transcript
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
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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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