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. -- Follow Mark Yusko: https://twitter.com/MarkYusko Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- Blockdaemon connects businesses to blockchains through 3 key services; staking & delegation, fully managed nodes, and the revolutionary Ubiquity API suite. Blockdaemon has mastered nodes; managing 36k+ of them for major exchanges, financial companies & custodians. With 100% Slashing insurance, you can trust Blockdaemon to connect your business to blockchains. More info at https://onthemargin.link/blockdaemon -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter