Crypto Update | Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market

Plus, Robinhood with $3B in BTC, a ‘Clockwork’ shutdown and more from Sam Bankman-Fried. Today's episode is sponsored by Kraken Pro and Simpluris Today's Stories: Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market Ethereum's Daily Transaction Fees Hits 8-Month Low of $2.8M Robinhood Revealed to be Third-Largest Bitcoin Holder With $3B in BTC Solana-Based Automation Startup Clockwork to Shut Down Sam Bankman-Fried's Defense Renews Push for 'Temporary Release' Ahead of October Trial From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. Simpluris:  If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights. You can learn more about the settlement and file a claim here. - This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.