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Bitcoin Still Trading in Bullish Channel Despite Price Support Break
New data reveals bitcoin’s broader outlook remains constructive despite the recent pullback. The largest cryptocurrency by market cap fell below its support level of $57,653, the Oct. 23 low, which has paved the way for a deeper pullback. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Biden to Release 50M Barrels of US Oil to Lower Gas Prices
As part of an effort to combat high gas and oil prices for Americans, U.S. President Joe Biden has ordered the release of 50 million barrels of oil held in the nation's Strategic Petroleum Reserve. "The Hash" panel discusses the potential repercussions for the crypto industry.

Binance Rebuilding DOGE Wallet to Deal With User Account Freeze
“The Hash” hosts react to crypto exchange Binance trying to rebuild its wallet to fix a technical issue resulting in numerous erroneous dogecoin transactions and frozen user accounts. The incident caught the attention of Tesla CEO Elon Musk, who started a Twitter war with Binance CEO Changpeng “CZ” Zhao.

NFT Music Platform Royal Closes $55M Funding Round Led by a16z
Just three months after a $16 million seed round, Royal, the music tokenization platform launched by crypto-friendly DJ and entrepreneur Justin "3LAU" Blau, closed a $55 million Series A raise led by Andreessen Horowitz (a16z). "The Hash" team discusses the implications for tokenized royalties and the wider role of blockchain in the traditional music industry.

Crypto on the Agenda for December House Financial Services Committee Hearing
Digital assets are on the schedule for a hearing of the House Financial Services Committee over the next month. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De discusses what we know so far and what we can expect. Plus, his views on industry reactions to U.S. President Biden nominating Jerome Powell for a second term as Fed Chair.

Another E-CNY Scam Busted, SCMP to Tokenize History
Inner Mongolia e-CNY scam busted. Hong Kong’s South China Morning Post to release news archives as NFTs. DeFi emerges as an enabler for pricing assets. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Crypto.com CEO on $700M Staples Center Deal and Why Sports Sponsorships Are Important
Cryptocurrency exchange Crypto.com has invested $100 million in a global advertising campaign featuring Matt Damon. Following a $700 million naming deal, the Staples Center arena in Los Angeles will be renamed Crypto.com Arena. Crypto.com CEO Kris Marszalek shares insights into the firm's marketing strategy and whether the sponsorship deals are paying off. Plus, details on his company's growth and expansion plans.

French Fintech Lydia Taps Bitpanda to Let 5.5M Users Trade Crypto
Austrian crypto exchange Bitpanda, the country's first tech unicorn, has teamed with French mobile payments app Lydia to offer its 5.5 million users the ability to invest in over 170 crypto assets. Bitpanda Chief Product Officer Lukas Enzersdorfer-Konrad shares insights into the partnership, France's regulatory reception to crypto, and the state of DeFi in Europe.

Why Are Crypto Markets Pulling Back?
Bitcoin, ether, and the wider crypto markets continue their recent downward trend, but what's behind the dip? Fairlead Strategies Technical Analyst Katie Stockton shares insights into the key support and resistance levels to watch for signs of a bullish breakout, along with short-term and long-term price targets.

El Salvador's Bitcoin Bond Specifications
New data shared by El Salvador President Nayib Bukele reveals his plans to issue a $1 billion “Bitcoin Bond” with a 10-year maturity on the Liquid Network. Half of the money raised will be used to purchase bitcoin, and the rest will fund construction of a new ”Bitcoin City” along the Gulf of Fonseca near a volcano. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
