BREAKDOWN: Meta Loses a Quarter-Trillion Dollars in Market Cap, Dragging Crypto Metaverse Tokens With It
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 5 February 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
A wild week in markets suggests more volatility ahead.
This episode is sponsored by Nexo, Arculus and FTX US.
On this edition of the “Weekly Recap,” NLW looks at Meta’s big flop in the equities markets and how it's spilling over into crypto metaverse tokens. He also looks at the Boston Fed’s CBDC research and recaps the Wormhole exploit.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Michael Nagle/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:53.9 | Welcome back to The Breakdown with me, NLW. |
| 0:59.0 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:04.8 | The breakdown is sponsored by nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk. |
| 1:12.5 | What's going on, guys? It is Saturday, February 5th, and that means it's time for the weekly |
| 1:18.1 | recap. Now, this week is going to be closer to a true weekly recap where I talk about a number |
| 1:23.5 | of different topics, although we will have some concentration in what happened in |
| 1:28.1 | equities this week, believe it or not. But before we get into that, if you were enjoying the |
| 1:32.4 | breakdown, go subscribe to it, give it five stars, leave a nice review, or if you want to get deeper |
| 1:37.2 | into the conversation, come join us on the breakers discord. You can find that link in the show |
| 1:42.5 | notes or go to bit.ly slash breakdown pod. |
| 1:46.4 | Finally, a disclosure, as always, in addition to them being a sponsor, I also work with |
| 1:51.1 | FTX. Now, let's start on the macro side of things. I've been talking all year about the |
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