In this week's episode, Mark and I focus primarily on one story: the depegging of UST and evaporation of Luna.
We cover a brief overview of UST, what the algorithmic model was that underpinned it, and what caused it to come undone. We also got into the aftermath of an explosion like this, and the contagion that could spread out into the ecosystem.
We also discussed what new entrants to crypto should expect in a bear market, the current state of Coinbase, and Elon Musk's decision to "pause" his bid for Twitter.
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