BREAKDOWN: The Great Repricing Comes to Crypto
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 June 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
Public market valuation adjustments are finally coming to the private crypto markets.
This episode is sponsored by Nexo.io, NEAR and FTX US.
On today’s episode, NLW covers a set of recent news in the crypto industry, including:
- Reactions to the Responsible Financial Innovation Act
- SEC investigating Binance over BNB
- Reuters report on Binance and money laundering
- BlockFi raising money on a down round
- Coinbase’s rescinded job offers
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NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.
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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. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Andriy Onufriyenko/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, near an FTX, and produced and distributed by CoinDesk. |
| 0:22.7 | What's going on, guys? It is Wednesday, June 8th, and today we are talking about, well, |
| 0:28.1 | so many things going on in the crypto industry. Before we get into that, however, if you are |
| 0:33.4 | enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to |
| 0:39.0 | dig deeper into the conversation, come join us on the breakers discord. You can find a link in the show |
| 0:44.3 | notes or go to bit.ly slash breakdown pod. Also a disclosure as always, in addition to them being |
| 0:50.8 | a sponsor of the show, I also work with FTX. Now, you have been hearing |
| 0:55.7 | me talk about a consensus event happening down in Austin this week for months now. And I wanted to |
| 1:01.6 | give you guys just a quick heads up that because of the event and a little bit of chaos with |
| 1:06.4 | people on the production team of the breakdown going down there and planning on some really |
| 1:10.5 | cool interviews for later this week, we're going to be recording things a little in advance. |
| 1:14.9 | So I'm actually recording this on Tuesday night. And that's fine because I had planned |
| 1:19.4 | on covering just a slew of crypto news before the Responsible Financial Innovation Act came out |
| 1:24.4 | today and pushed it all aside. But if at any point you're listening |
| 1:27.6 | this week and you're thinking to yourself, hey, didn't that happen yesterday? That's why now you know. |
| 1:32.5 | So where we're going to start today with this grab bag of crypto industry news is actually a bit |
| 1:39.0 | of a follow-up to the Lummis-Gillibrand Responsible Financial Innovation Act. |
| 1:49.1 | The reaction so far as I can tell within the crypto space continues to be mainstream positive or at least optimistic. |
| 1:51.8 | You have some bitcoins who think that any regulation is going to reduce the rights of |
| 1:56.8 | Bitcoin holding Americans, and you also have the other side of the Web 3 folks who are really |
... |
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