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Decentralized Investing Platform Syndicate Could Make DAOs the Next New Thing
Decentralized investing platform Syndicate has raised $800K from some 100 investors, including Circle's Jeremy Allaire and CoinShares' Meltem Demirors. The platform aims to democratize investing by making it easier to spin up decentralized autonomous organizations (DAOs). What exactly are DAOs and could Syndicate make them the next new trend in crypto?

Robinhood Slapped With $70M Fine
The Financial Industry Regulatory Authority (FINRA) said on Wednesday it is fining Robinhood nearly $70 million to settle allegations, claiming the investing platform neglected its duty to supervise trades, maintain its technology and protect customers. "The Hash" hosts unpack FINRA's largest fine in history, and what it means for Robinhood and its users.

Brazil’s Mercado Bitcoin Exchange Raises $200M From SoftBank
Mercado Bitcoin, Brazil's largest exchange and one of the largest in Latin America, has raised $200 million in series B funding from the SoftBank Latin America Fund. "The Hash" panel discusses the booming interest for cryptocurrencies in Latin America and the implications for global crypto markets.

China Crypto Crackdown: Calendar Offers Clue on ‘Why Now?’
The Chinese Communist Party celebrates its 100th anniversary today on July 1. Some members of the crypto community, including Ballet CEO Bobby Lee, suggest this calendar date may provide an explanation for China's renewed crypto crackdowns. "The Hash" unpacks the story as crypto intersects with geopolitical contexts.

Sam Altman Wants to Scan Your Eyeball in Exchange for Cryptocurrency
Sam Altman, former head of startup accelerator Y Combinator, is starting his own cryptocurrency called "worldcoin." For worldcoin to work, users must let the project scan their retinas, according to Bloomberg. "The Hash" team explore larger issues of privacy.

Is Now the Time to Buy Bitcoin?
QCP Capital Co-Founder and CIO Darius Sit discusses mixed signals for bitcoin and whether this is a smart time to invest now. “Bitcoin is “the king coin,” Sit said. While Ethereum can potentially trade higher than bitcoin, he said he believes that bitcoin will hold value better in the long run.

Key Takeaways From House Financial Services Committee's Crypto Hearing
CoinDesk's Nikhilesh De has the key takeaways from Wednesday's hearing hosted by a subcommittee of the U.S. House Committee on Financial Services regarding crypto trading. "All the witnesses circle around the idea that we need more regulatory clarity in the U.S.," De said.

Monex CEO: Japanese Regulators ‘Stupid’ for Binance Warnings
Japan was once a cryptocurrency paradise until regulators cracked down on crypto following a major exchange hack. Oki Matsumoto, CEO of Japanese financial conglomerate Monex Group, says, "Japan is back" while discussing the outlook for the crypto markets in the country. He says regulators are "stupid" for their recent warnings about Binance in Japan.

CleanSpark Is Combating Bitcoin’s Energy Problem With 95% Carbon-Free Mining Success in the US
China's crypto mining crackdown intensifies, with all major bitcoin mining farms in Yunnan reportedly shut down as of Wednesday. Matthew Schultz of CleanSpark, a Utah-based energy software and bitcoin mining farm, shares his assessment of the situation in China and how CleanSpark is combating bitcoin's carbon footprint problem. Plus, comments on the class action lawsuit against CleanSpark.

Bitcoin Prices on Track for Record Q2 Percentage Decline
Bitcoin prices are on track for a record second-quarter percentage decline weighed down by China's crackdown on mining, concerns that the Fed will start tapering its stimulus program, and persistent demand for downside hedges. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
