Billionaire Sam Bankman-Fried has lost half his net worth in 2022 but he says the crypto market isn’t going to zero and will recover with stocks: ‘Crypto markets have mostly stabilized’

TechCrunch

Crypto winter is coming

Hello and welcome back to the Chain Reaction podcast, where we unpack and explain the latest crypto news, drama and trends, breaking it down block by block for the crypto curious. UST is supposed to track the U.S. dollar, with 1 UST = 1 USD at all times, but it lost its peg this week and chaos has been unfolding ever since, putting downward pressure on the largest cryptocurrencies, Bitcoin and Ethereum. Who better to share words of wisdom for startups and investors facing off with a market rout than someone like Kevin Rose, an investor at True Ventures, who says this is his “10th or so” crypto downturn?