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

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This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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