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CZ Denies Report Binance Met With Middle East Investors for Crypto Recovery Fund

Binance CEO Changpeng "CZ" Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund, according to a Bloomberg report. However, Zhao tweeted a reply that the report was "false" shortly after. "The Hash" panel weighs in on the latest with the FTX contagion concern and Binance's initiative to contribute to the broader crypto industry.

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CoinFund President on FTX Contagion Fears

According to a Bloomberg report, Genesis Global Trading is in talks with potential investors for at least $1 billion in fresh capital. CoinFund President Chris Perkins discusses the state of the crypto industry as it continues to suffer ripple effects from the collapse of crypto exchange FTX. Genesis and CoinDesk are both owned by the Digital Currency Group.

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FTX Downfall Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report

In the aftermath of crypto exchange FTX's fall from grace, U.S. Treasury Secretary Janet Yellen said the industry needs "very careful regulation," Bloomberg reported Saturday. "The Hash" hosts discuss Yellen's reported remarks and the implications for crypto regulation.

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Bitcoin Drops to 23-Month Low; Galaxy Digital Reveals $76.8M FTX Exposure

Bitcoin (BTC) dropped to a new 23-month low as crypto traders processed the news that Binance might not buy rival FTX after all. Bloomberg reports U.S. securities and commodities regulators are probing whether FTX.com correctly managed client funds, despite statements by the ailing crypto exchange’s CEO, Sam Bankman-Fried, that all customer holdings were covered.

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Kim Kardashian Likely to Win EthereumMax Investor Lawsuit: Report

Reality TV star Kim Kardashian looks set to win an investor lawsuit against her and other celebrities over their endorsement of cryptocurrency EthereumMax (EMAX) after a judge tentatively dismissed the case on Monday, according to a Bloomberg report. "The Hash" hosts discuss the ongoing story and lessons learned.

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Bitcoin Higher After October Jobs Report; Fidelity Opens Waiting List for Retail Crypto Product

Bitcoin is trending higher near $21,000 Friday after the U.S. October jobs report revealed 261,000 nonfarm payrolls were added in October, beating economists' forecasts. Financial services giant Fidelity Investments has opened the waiting list for Fidelity Crypto, its crypto product aimed at retail customers. Terraform Labs co-founder Do Kwon may be in Europe, according to Bloomberg.

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Terra Co-Founder Do Kwon May Be in Europe: Bloomberg

South Korean prosecutors have indicated the fugitive co-founder of Terraform Labs, Do Kwon, is in Europe, according to Bloomberg. This comes as Kwon denied being on the run. "The Hash" panel discusses the latest in the aftermath of the $60 billion collapse of the Terra ecosystem.

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Crypto's Reported Staff Cuts at BitMEX, Digital Currency Group, Galaxy Digital

Crypto venture capital company Digital Currency Group (DCG), the parent company of CoinDesk, has promoted Chief Operating Officer Mark Murphy to president amid a restructuring in which some 13% of its staff departed, according to Bloomberg. This comes amid news of other staff cuts at BitMEX and Galaxy Digital. "The Hash" panel discusses the latest hurdles for companies amid crypto winter.

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The Latest Issue of Bloomberg BusinessWeek Is Matt Levine's 40K Word Article on Crypto

Bloomberg Businessweek published a 40,000 word article on cryptocurrencies by the news organization's popular financial columnist Matt Levine. "The Hash" hosts discuss the article and the key takeaways in what could be an "iconic moment" for the industry.

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Goldman Still Sees Strong USD; Bitcoin Miners Downgraded Amid Bear Market Woes

A Goldman Sachs strategist wrote a peak in the U.S. dollar "feels several quarters away," which could be bad news for bitcoin (BTC). Bitcoin miners Core Scientific (CORZ) and Argo Blockchain (ARBK) were downgraded by Wall Street investment bank DA Davison due to bear market woes. Terraform Labs co-founder Do Kwon is rumored to have left Singapore for Dubai, according to Bloomberg.

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