THE HASH: Silvergate Shares Plummet Amid $8.1B in Withdrawals, Hackers Stole High-Value NFTs From Prominent Web3 Builders

THE HASH: Silvergate Shares Plummet Amid $8.1B in Withdrawals, Hackers Stole High-Value NFTs From Prominent Web3 Builders

This episode is sponsored by the Galaxy Brains Podcast. The most valuable crypto stories for Thursday, January 5, 2023. Crypto bank Silvergate Capital (SI) stocks have taken a free fall this morning, down over 46% as the firm racing to cover $8.1 billion in withdrawals during the crypto meltdown; the TON Foundation aims to solve large-scale data storage problems by launching Ton Storage project. Plus, two Web3 builders have lost NFTs estimated to have been worth hundreds of thousands of dollars to scammers. See also: Three Arrows Capital founders subpoenaed on Twitter Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits - This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Galaxy Brains: Whether it’s breaking down market volatility or analyzing the latest development, come for the latest market insights from our in-house trading professionals and renowned experts from across the industry. Stay for the occasional rap from host Alex Thorn. Check out the latest episodes here: https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=Hash&utm_medium=podcast&utm_id=CoinDesk See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Is Money Flowing to AI? First U.S. Spot Bitcoin ETF Is Set to Close | CoinDesk Daily

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Nearly $114M of Bitcoin Lost in Continued Coldcard Attacks | CoinDesk Daily

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The Flaw That Drained $38M in Bitcoin in 25 Minutes | CoinDesk Daily

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Zcash Sealed $1.7B – Here's Everything You Need to Know | Markets Outlook

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Telegram Hit With Terror Cases in Two Continents | CoinDesk Daily

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Telegram faces terror-related case in Australia. Australian regulators are taking Telegram to court over its alleged failure to remove terror-related content, with a fine of up to $38 million on the ...

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RealFi Wants to Put Your Idle Stablecoins to Work

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RealFi CEO John O'Connor joins CoinDesk's Sam Ewen to explain how his platform is reimagining the stablecoin model, replacing reflexive DeFi yield with real-world fixed income assets, and giving holde...

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