THE HASH: Tron Founder Justin Sun Steps in to Help Curve; Crypto Payment Adoption Rivalry Heats Up With 'X' Rebrand

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4.7 • 698 Ratings

🗓️ 1 August 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Tuesday, August 1, 2023. "The Hash" tackles today's biggest topics shaping crypto today, including Tron founder Justin Sun stepping in to help Curve Finance after an exploit over the weekend. Crypto sleuths are looking into whether Sam Bankman-Fried's Alameda Research and BALD's deployer wallet have any possible connections. The SEC sued Richard Heart and his projects Hex, PulseChain and PulseX for potential fraud. And, Suku CTO Lucas Henning discusses the future of crypto payment adoption. See also: Crisis at DeFi Giant Curve Eases After Justin Sun and Others Step In With Help Is Sam Bankman-Fried Tied to a New Apparent Crypto Scam Called BALD? U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations 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.
0:23.7	Hello and welcome to the hash. We're watching live from the studio today.
0:28.9	To Wendy and Zach Seward, flanking me right and left. I wish you guys were here with me today.
0:34.4	Also, Jen was here today. Oh, wow. Oh, wow. You guys aren't here.
0:38.5	Let's go right to some stories today. Let's talk about Curve. CRV token is in the news again
0:43.9	with more liquidations happening. Pretty wild stuff happening on chain. Curve is a foundational
0:51.5	piece of the defy ecosystem that has been under pressure after a hack
0:57.0	under its underlying token protocol took place earlier in the week that has put downward pressure
1:02.0	on the CRV token.
1:04.0	That CRV token is also underpinning multiple defy loans by the founder of Curve, Michael
1:08.8	Egarov, who is now trying to bail himself out of a
1:12.6	liquidity hole in the market.
1:15.8	He's been selling OTC CRV tokens to Justin Sun and others in the defy ecosystem who are
1:24.1	right now trying to bail him out.
1:26.2	Wendy, I'm going to throw the story first to you.
1:28.4	Pretty wild stuff happening on chain right now.
1:31.6	And again, our hero, Justin Son, here to fix all the problems for us.
1:35.9	Okay, so this is the thing.
1:37.1	We haven't heard an announcement of an announcement of an announcement by Mr. Justin's
1:41.5	Sun in quite some time.
1:42.8	And I feel like he's kind of successfully rebrand from the Tron guy to more of a respected
	...

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