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Crypto tokens weren’t the only thing that saw a major pump yesterday. The total value locked in DeFi ascended to new heights. While part of this can be explained simply by the rise in ETH price, it also reflected traders turning to DeFi platforms as a way to get more exposure to the market action without selling their core assets.
For all the exciting price action, not everything is pointing in a positive direction. These market moves don’t seem to reflect new market participants, for example, and anecdotally, times remain tough for projects trying to fundraise.
In our final segment, we look at a blockchain conference in North Korea that the UN suggests simply attending may violate international sanctions, an Iran-focused hedge fund that uses cryptocurrency to work around international restrictions, and ask whether this sort of activity presents a narrative risk to the industry as a whole?
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The song “Closing Time” by the American rock band Semisonic came out in March 1998. It hit #1 on the Alternative charts, and was nominated for a Grammy for Best Rock Song. It gets played in stadiums, Weird Al covered it, and it’s the last song of the night in countless bars.
Since then, Dan Wilson, the lead singer and songwriter of Semisonic, has become a powerhouse songwriter who has written or co-written for artists like John Legend and Taylor Swift. And he’s won Grammys for his songwriting with the Dixie Chicks and Adele. But over two decades ago, Dan and his bandmates John Munson and Jacob Slichter were in Minneapolis, getting ready to start work on their second album, Feeling Strangely Fine. In this episode of Song Exploder, Dan breaks down how that process led to "Closing Time."
The legendary civilization of Atlantis was first mentioned in the works of Plato, in dialogues that claimed to recount information from translations of ancient Egyptian texts. And people have been searching for this city ever since. So what was Atlantis, exactly? A metaphor, a work of fiction ... or a real, physical place? Join the guys as they explore the fact and fiction of the ancient legend of Atlantis.
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Guest: Journalist Emily Atkin. Check out her newsletter, HEATED.
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