BREAKDOWN: The Second Horseman of the Cryptopocalypse
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 14 June 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
Celsius joins Terra in driving the market to new lows.
This episode is sponsored by Nexo.io, NEAR and FTX US.
On today’s episode, NLW looks at the market’s reaction to Celsius’ struggle to remain solvent. He also examines to what extent the recent downturn is being driven by Celsius and other crypto-specific considerations, compared with being a by-product of larger macro trends.
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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: Catya_Shok/Getty Images. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:49.4 | So the issue here, in a nutshell, is the exposure of customer funds on this theoretically safe |
| 0:56.0 | platform to these exotic new defy protocols. |
| 0:59.5 | Again, in times that are good, this can lead to lots of yield. |
| 1:03.4 | In times that are bad, it could be catastrophic. |
| 1:07.6 | Welcome back to The Breakdown with me, NLW. |
| 1:11.8 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:17.6 | The breakdown is sponsored by nexo.io, near an FtX, and produced and distributed by CoinDesk. |
| 1:25.3 | What's going on, guys? It is Tuesday, June 14th, and today we are talking about the second |
| 1:30.8 | horseman of the crypto apocalypse. Before we get into that, however, if you are enjoying the breakdown, |
| 1:37.1 | please go subscribe to it, give it a rating, give it a review, or if you want to dig deeper into |
| 1:41.6 | the conversation, come join us on the Breakers Discord. |
| 1:45.1 | You can find a link in the show notes or go to bit.ly slash breakdown pod. |
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