Weimar Luna and the Maginot-Saylor Line

This episode is sponsored by Nexo.io, NEAR and FTX US.

On this edition of the “Weekly Recap,” NLW looks at LUNA’s hyperinflationary death, as well as where market participants are placing their bets for more bear market challenges.

See also: ‘Stable in Name Only’: Stablecoin Issuers Speak Out as UST Craters

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: alainolympus/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.