THE HASH: Crypto Industry's Banking Crisis; 'Vitalik' NFT Collection Takes Top Spot on OpenSea

The most valuable crypto stories for Thursday, March 9, 2023. 

The digital asset industry is in the middle of a banking crisis with the collapse of crypto-friendly Silvergate Bank, and Crypto.com hasn’t been spared. "The Hash" team discusses the latest developments. Plus, a non-fungible token (NFT) collection is rapidly rising in interest and value based on its association with the co-founder of Ethereum, Vitalik Buterin, although his direct involvement in the NFT drop has yet to be established.

See also:

Why Financial Analysts Missed Silvergate’s Red Flags

4 Potential Winners of the Silvergate Unwind

Block.one Exits Silvergate Stake, Says Portfolio Firm Has No Exposure

Crypto.com Struggles to Maintain Fiat On-Ramps in the Face of Crypto Banking Crisis

Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony

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This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry’s most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information.

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