It's been a little while since we talked about the economy on the show.

And we did get some positive news on that front last week.

A key metric showed that inflation cooled considerably in November.

The Federal Reserve took note and raised interest rates by just half a point its smallest hike in months.

And you may soon feel some of that relief in your daily life.

But for weeks, a financial crisis has been brewing that you may not

have been paying much attention to.

Sam Bankman Freed, once hailed as the king of cryptocurrency, was arrested and indicted on multiple

fraud charges last week following the collapse of his crypto exchange FTX.

My guest this week is Allison Morrow. She's a senior editor with

CNN business. She's going to help me break down how we got here and why you should

care whether you invest in crypto or not?

From CNN, this is one thing.

I'm David Ryan.

Allison, hello. Hello.

Hi, thanks so much for having me.

Yeah, so you write CNN's Nightcap newsletter, it's daily breakdown of what's going

on in the business world, and you've been writing a ton about this story in the past couple of weeks.

I want to start off first big picture. I need a very basic middle school level explainer on crypto. Like what are we talking about when we say

cryptocurrency?

That's a very reasonable question and it's a very complicated answer

but I'll do my best.

...