Crisis! On the blockchain

Alex Wilhelm@alex / 10:00 AM EDT•June 13, 2022

We unpack the numbers and nuances behind the headlines on the Equity show.

Alex and Grace are back to cover tech news. We are here again with your weekly kick off. We got into something.

• Stocks are down around the world, with nearly every major index that we checked falling 2% or more.
• Crypto prices are in the tank, with bitcoin and ether losing double-digit percentage points in the last day; the mess in crypto-land is deep this morning.
• Celcius network is falling apart, despite huge recent fundraises. Precisely what happens next is not clear, but it doesn’t look good for the company, judging by its imploding token price.
• In better news, the Latin American startup scene re-upped its capital reserves right before the world went risk-off, implying that the region could be well capitalized heading into the rest of the year.
• The Coinbase CEO’s Twitter rant after some of the company’s employees expressed displeasure was notable, in tone, and also in terms of PR strategy.

We have never recorded a show that was as happy as this one. We said on the audio version that you aren't worth anything. We will make it through this.

This Thursday, Equity is live, so come hang on Hopin orTwitter spaces.

Equity goes down at 7 a.m. on Mondays. Thursday and Friday are at 6 a.m. You can subscribe to us on Overcast and all the casts.

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