00:00 Speaker A

So, on the face of it, 2025 was supposed to be a boom year for crypto. But truth is, as you can see on screen, while Bitcoin is up, other major cryptocurrencies are actually in the red for the year. Here we have Solana and Ethereum, both major players in this field, that are both down significantly after some big swings. Well, despite key legislation that is expected to pass in Congress and even if President Trump and his family have ventured into the sector, beyond the bullish headlines, crypto assets are facing steep declines. According to a Bloomberg calculation, more than $300 billion of crypto value has been wiped out so far this year. Bitcoin is now about two-thirds of the total market value of crypto assets. That’s the highest since 2021. So, can crypto face a mass extinction event? Well, it wouldn’t be the first time and the crypto world is certainly used to volatility. On the other hand, tokens like Maker or hyperliquid, along with other projects linked to decentralized finance protocols, are on the rise. And the traditional crypto platforms like Kraken are opening new markets.