Bitcoin and Ethereum are bouncing back from a significant downturn in the industry. StarkWare co-founder and Zcash creator Eli Ben-Sasson expressed concerns about the current state of crypto, referring to it as the "worst crypto winter" he has seen since joining the industry in 2013. Both BTC and ETH have dropped more than 16% in the past month due to geopolitical uncertainty and a shift of capital into AI-focused companies. Despite the recent price improvements and increasing institutional interest, Ben-Sasson believes that crypto is facing an existential crisis. He attributes the market recovery to macroeconomic factors rather than industry-specific events. The full story can be found on a recent Privacy Podcast.