CoinDesk Podcast Network - THE HASH: First Republic Bank Seized and Sold to JPMorgan Chase; Tron’s Justin Sun Apologizes After Binance CEO Fires Warning

The most valuable crypto stories for Monday, May 1, 2023.


This episode is sponsored by Ciphertrace.


"The Hash" tackles today's hot topics: The crypto case after First Republic is seized by regulators and sold to JPMorgan Chase in the largest bank failure since the 2008 financial crisis. Crypto entrepreneur Balaji Srinivasan explains his rationale for his $1M bitcoin bet and updates his timeline. Tron's Justin Sun apologizes after Binance's Changpeng Zhao fires a warning after Sun's recent token transfer. Plus, get ready for a new show where “Shark Tank” meets crypto.


See also:

Bitcoin Set New Record of Daily Transactions the Same Day the U.S. Government Quietly Engineered a Bank Buyout

Balaji Srinivasan Explains $1M Bitcoin Bet Rationale, Says Could Take Longer Than 90 Days

Consensus 2023: Balaji's Bold Bets

Justin Sun to Reverse $56M Binance Transfer After CEO Zhao Warns Against Potential SUI Token Grab

'Shark Tank' but Make It Crypto: CoinMarketCap Launching Competition TV Show


Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.


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This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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The Gist - J. K. Rowling And The Chamber Of Insults

Megan Phelps-Roper, the host of the podcast The Witch Trials of J. K. Rowling, created a podcast weaving her own experience into the task of exploring the views of the famous author who created Harry Potter. She and Mike discuss how to do that fairly, why to do that at all, and how to define "good-faith." Plus, the norm of abnormal gun violence. And how insulting CNN hosts seems to have become a right of passage for Republican elected officials.


Produced by Joel Patterson and Corey Wara

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Reset with Sasha-Ann Simons - Introducing ‘The Democracy Solutions Project’

In what ways is democracy under threat in the United States? And how do we strengthen our union? Those are two of the key questions posed in a new series of reports, editorials, podcasts and radio segments from WBEZ and the Sun-Times called “The Democracy Solutions Project,” which will run through the 2024 presidential election. The project is a partnership between Chicago Public Media and the University of Chicago’s Center for Effective Government at the Harris School of Public Policy. To kick off the project, Reset sits down with the center’s director Will Howell.

Reset with Sasha-Ann Simons - Chicago To Texas: Stop Sending Migrants, We Are Tapped Out

Mayor Lightfoot is sounding the alarm as Texas Gov. Greg Abbott prepares to bus more migrants to Chicago starting Monday. Recently arrived asylum seekers, including children, are sleeping on the floor of police stations as the city and aid organizations struggle to provide housing and services to an increasing number of migrants arriving from Central and South America. Reset checks in with Laura Mendoza, immigration organizer with The Resurrection Project, and Mario Garcia, executive director of Onward Neighborhood House — two groups working on the ground to help migrants in Chicago.

Consider This from NPR - College Acceptance: Check. Paying For It: A Big Question Mark.

Lots of colleges and universities have announced tuition hikes for the upcoming school year, just as inflation is taking a bite out of many families' budgets.

Still, NPR's Elissa Nadworny explains that the real cost of college for most students has actually been falling for the past few years, after decades of growth.

But college is still very expensive, and it can feel out of reach for some students. Two Washington, D.C. high school students explain how they're trying to make the math work.

In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.

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Consider This from NPR - College Acceptance: Check. Paying For It: A Big Question Mark.

Lots of colleges and universities have announced tuition hikes for the upcoming school year, just as inflation is taking a bite out of many families' budgets.

Still, NPR's Elissa Nadworny explains that the real cost of college for most students has actually been falling for the past few years, after decades of growth.

But college is still very expensive, and it can feel out of reach for some students. Two Washington, D.C. high school students explain how they're trying to make the math work.

In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.

Email us at considerthis@npr.org.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy

The Daily Signal - TOP NEWS | SCOTUS to Consider Limiting Federal Government’s Power, Illegal Alien Murders 5 People, Hunter Biden in Court | May 1

On today’s Daily Signal Top News, we break down:


  • The Supreme Court will reconsider a 1980s case that could scale back the authority of federal agencies.
  • First Republic Bank fails in the second largest bank failure in American history. 
  • Authorities search for an illegal alien who killed 5 people in Texas.
  • Hunter Biden is in court for a child support case.
  • The Central Florida Tourism Oversight District counter sues Disney after Disney sued Florida Gov. Ron DeSantis.  


Relevant Links


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Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda


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Social Science Bites - Shinobu Kitayama on Cultural Differences in Psychology

In the 1970s and early 1980s, when Shinobu Kitayama was studying psychology at Kyoto University, Cognitive Dissonance Theory and Attribution Theory were “really hot topics” that he found “intellectually interesting” ways of describing human behavior.

“But when I came here [to the University of Michigan] and looked at my graduate students, colleagues, and friends, I realized that those ideas are really active elements of their mind in a way they were not to me as Japanese individual.”

He continues, “obviously there are many cultural shocks – for example, I felt hesitant in speaking up in graduate seminar, but I got the impression that American friends end up saying a lot of things seemingly without thinking anything. That’s the kind of experience that made me feel that something more profound might be going on in terms of culture and its influence on psychological processes.”

His own perch, he explains in this Social Science Bites podcast, helped focus his personal research into comparing people from East Asia, such as Japan, China, and the Philippines, with people in America. His research ranges from simple exercises involving redrawing a line within a box to brain-scanning technology (“culture gets under the skin,” he jokes before adding, “I find neuroscience indispensable”) and examinations of subsistence agriculture. The Robert B. Zajonc Collegiate Professor of Psychology at Michigan since 2011 now runs the Culture & Cognition Lab at the school’s Psychology Department.

He starts his conversation with interviewer David Edmonds offering a description of a prominent cultural difference between East Asia and  Anglo-America - the idea of ‘independence’ and ‘interdependence.’

“In some cultures, particularly in Western traditions, ‘self’ is believed to be the independent entity that is composed of internal attributes, maybe your attitudes, maybe your personality traits and aspirations, which guide your behavior. Social relationships come out of those individual preferences.

“In many other cultures, the conception of the person is much more social and relational. There’s a fundamental belief that humans are humans because they are connected to formal social relationships.”

Kitayama offers some examples of these differences. “Americans tend to believe that what you hear somebody say must be what this person believes. If somebody says ‘yes,’ he must mean yes. But in many countries, ‘yes’ and ‘no’ carry very different meanings, depending on the context.” While someone from, say, the West may realize this on an intellectual level, in practice they often forget and assume a yes, means, well, yes. “We found this fundamental attribution error,” he concludes, “is much less, and often even nonexistent, in East Asian, and particularly Japanese, contexts.”

Or take happiness.

“Oftentimes, we believe that happiness is happiness. If Americans are happy, it must be in the way that Japanese are happy. We try to challenge this conception to see what people might mean when they claim they are happy. One easy way to do this is to ask people to write down what they mean by happiness, reasons for happiness, conditions in which happiness happens. Core elements of happiness, like elation, relaxation, feeling of excitement, are fairly common between U.S. and Japan.”

But what leads to those states are quite different, with Japanese respondents often citing social harmony while Americans cite personal achievement.

In the interview, Kitayama touches on why these differences might have arisen, including one idea that the cultivation of mainstay grains across thousands of years helped create the conditions that led to the cultural traits. The Asian staple of rice, for example, requires a more collective effort – “tight social coordination,” as Kitayama puts it -- to raise and harvest. Meanwhile, the Western staple of wheat requires less collaboration. These underlying agrarian requirements for supremely important foodstuffs may in turn, he says, “promote very different ideologies and social structures and institutions which then lay the ground for contemporary culture.”

Kitayama has published widely in English and in Japanese and served as editor of the Journal of Personality and Social Psychology: Attitudes and Social Cognition and the Personality and Social Psychology Bulletin. He was a fellow of the Center for Advanced Studies of Behavioral Science at Stanford in 1995 and in 2007, a Guggenheim Fellow in 2010, inducted as a fellow of the American Association for the Advancement of Science in 2012, and served as president of the Association for Psychological Science in 2020.