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Crypto winter hits NFTs; Three Arrows Capital files for bankruptcy

Three Arrows Capital files for bankruptcy in the US. Meanwhile, SBF and FTX agrees deal with option to buy for up to US$240 million.

Welcome to The Daily Forkast – July 4, 2022 – presented by Joel Flynn.

Coming up on today’s show:

Monthly NFT sales fall below US$1 billion for the first time in a year. 

Meanwhile, Three Arrows Capital files for Chapter 15 bankruptcy in the US.

Sam Bankman-Fried’s FTX doubles down on BlockFi bailout.

And finally, experts weigh in on the future of stablecoins. 

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast July 4.