Bitcoin Dips Below $17K as Binance Said to Waver on FTX Deal, NFL Legend Tom Brady Caught in FTX Fallout

This episode is sponsored by minima.global and Circle.

Bitcoin (BTC) dropped to a new 23-month low, as CoinDesk reports cryptocurrency exchange giant Binance is highly unlikely to go through with its proposed acquisition of struggling rival FTX after less than a day of reviewing the company, according to a person familiar with the matter. "The Hash" team discusses the latest developments and what it could mean for seven-time Super Bowl champion Tom Brady, who quickly became a prominent FTX backer.

See also:

Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal

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