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The value of the asset class fell below a $1 trillion total market cap as fears of cascading failures of keyBlockchain finance players showed how fragile the asset class is.
There was a lot for us to talk about this week on the Chain Reaction, where we explain the latest developments in the world ofCryptocurrencies.
We talked about the risk of a recession-sized winter which could drag token prices to unexpected lows and kill off even the most-prepared startup, as well as the latest flavor of crashing prices. The downturn isn't coming at a good time as regulators are starting to take aim at the industry.
We looked at some of the week's less gloomy news, including Jack Dorsey's new "web5" efforts.
A prolific web3 critic who also runs a successful tech business was on our show this week. Box CEO Levie has been open about his web3 skepticism. On this week's episode, we got him to lay out some of his criticisms while showing where he sees promise in the model.
On Thursdays at 12:00 p.m., you can find Chain Reaction episodes. There was a delay of about 25 minutes. You can subscribe to us on any of the above platforms.
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