"Why aren't there any such cables? Are such cables even technically possible?"
There aren't going to be any thunderbolt-to-usb3 adapters.
They might be "technically possible" to engineer and build.
But the end product would probably be quite expensive due to the development costs vis-a-vis the market.
And that's the final problem. There would be almost no market for such a product, beyond a relatively few customers who would want such a connection option.
Any company that attempted to market one of these devices would loose their shirt on it.
And that's the real reason you'll never see one...