Meltdown Monday and the Great De-Pegging

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/buy-crypto?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_may22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <em><span style="font-weight: 400;">NEAR</span></em></a> <em><span style="font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">Yesterday was one for the history books. NLW discusses the shifting macro setup as markets start to move from concern around inflation to concern around recession. The bulk of the episode is spent on the Luna-UST de-pegging event that has rocked the crypto industry over the last few days and that even made it to a discussion on Capital Hill with Treasury Secretary Janet Yellen. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/buy-crypto?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_may22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to</span></em> <a href= "https://nexo.io/buy-crypto?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_may22"> <em><span style="font-weight: 400;">nexo.io</span></em></a> <em><span style="font-weight: 400;">and get started now. </span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podc