CNN CNN Newsroom With Pamela Brown June 4, 2024 23:39:00
Cnn.com. jon, we know you've been covering cryptocurrency. walk us through what's behind the big drop. >> you can look at this specific job as stemming from the fall of a currency called luna and terra that happened last month, that was a so-called stable coin. as that currency collapsed, we've seen how, far from being decentralized, the decentralized finance space is, we know that buzzword, it's actually extremely centralized, because as one project fails, other projects have become insolvent. we find out they've been invested in that project. so right now we're seeing these kind of dominos f...