"The Hash" team discusses today's top stories as crypto markets bleed $1 billion in liquidation: Coinbase (COIN) will cut more than 1,000 jobs, the Securities and Exchange Commision's Gary Gensler warns about high-yield products offered by crypto lenders and El Salvador loses half of its bitcoin (BTC) investment amid market turmoil.

This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is "Neon Beach."