Hello and welcome back to Equity, the Tech Runch Podcast, where we unpacked the numbers and the

nuance behind the headlines.

It is September 6, 2022.

This is Alex and it is not actually Monday.

No, it's Tuesday, and that's thanks to an American holiday called Labor Day during which I only worked a little bit. So, haza. Anyways, it does mean we have a shorter working week, but not a smaller news week, so there's lots to talk about let's do it

let's talk about the world of markets and as always we're gonna start with stocks

shares are mostly higher in Asia today.

They are generally higher in Europe

and they are set to rise in the United States at the open.

Now, American stocks are on a multi-week losing streak.

The question is, can they break that this week? We shall see.

Turning to crypto, what's going on there? Well, not much from a price perspective.

The crypto market cap is still around the one trillion dollar mark down sharply from recent highs

but flat compared to the last couple of weeks.

NFT volume for September is off to a slow start on open C and we could see yet another monthly decline in transaction volume on that key exchange.

And Defy TVL remains depressed at around the $60 billion mark if that's your jam.

If you don't know what Defy TVL is, don't worry. You don't have to.

Summing what we can see, the crypto winter is still in its heavy snow phase,

meaning that we are not expecting to see much change in the near future short of something major and unexpected happening.

My question is what impact is the downturn having on companies in the sector that have high operating

costs?

And in that vein, tracking coin-based trading volume via Nomics is not really an encouraging

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