This episode is sponsored by Nexo.io, Circle and Kraken.
On today’s episode, NLW covers the latest fallout from the FTX collapse. Genesis Capital has paused withdrawals and loan origination, which has also led to Gemini pausing its Earn program. NLW also covers the latest in why last week’s CPI print may not be as bullish as it seems and why Apple plans to move semiconductor manufacturing onshore.
(Genesis Global Capital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)
See also: Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: zhuweiyi49/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.