Stephen Diehl joins this episode to examine crypto's promises of a brighter tomorrow, and uncover the parts that might actually be closer to myth.

Mike Novogratz, the billionaire founder of Galaxy Digital Holdings Ltd., said that cryptocurrencies have been relatively resilient in the past month. He believes that this is partly because there aren't many forced sellers left in the sector.

Nexo, a cryptocurrency lender, announced on Tuesday that it has taken a stake in a federally-regulated U.S. bank. This move paves the way for the company to offer banking services to Americans as a licensed institution.

Brett Harrison, the U.S. president of the crypto exchange FTX, has announced his resignation.

Francois Villeroy de Galhau, a member of the European Central Bank Governing Council, has said that the recent decline in appetite for cryptocurrencies does not mean that authorities should delay regulating them.

Celsius Network Ltd. CEO Alex Mashinsky is stepping down as the company works its way through bankruptcy. Mashinsky founded the crypto startup and served as pitchman for the sky-high yields it promised to investors.

An upgrade to the blockchain technology that supports the world’s second-biggest cryptocurrency could trigger widespread tax confusion in the UK, potentially setting back the country’s efforts to establish itself as a leading hub for cryptocurrency activity.