THE HASH: First Republic Bank’s Stock Sinks, Even After Big Bank Bailout; Salesforce Partners With Polygon on Web3 Projects

The most valuable crypto stories for Friday, March 17, 2023. 

"The Hash" tackles today's hot topics: 11 major banks take action to rescue First Republic Bank. So why is First Republic's stock still flling? Time magazine reports that leaders of the Effective Altruism movement were repeatedly warned about Sam Bankman-Fried's character years before FTX collapsed. Plus, Salesforce is teaming up with Polygon for NFT-based loyalty programs.

See also:

Eleven Banks Deposit $30 Billion in First Republic Bank - WSJ

Former FDIC Regulator: Friendliness Toward Crypto 'Does Not Exist' 

Crypto Twitter Thinks the Fed's $297B Balance Sheet Expansion Is 'QE', But It's Not  

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This episode has been edited by Adrian Blust. 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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