The Breakdown
The Breakdown dives into the deepest topics in crypto, blockchain, and the macro forces shaping markets and power structures. Each episode breaks down complex ideas into clear, grounded analysis — separating signal from noise across crypto, finance, and geopolitics. Hosted by David Canellis, The Breakdown features explainers, interviews, and conversations with the people building, regulating, and challenging the financial system. A Blockworks podcast. Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/

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Jaksot(2085)

Agentic Payments and the Next Internet Economy

Agentic Payments and the Next Internet Economy

Coinbase and Cloudflare are pushing forward with X402, a new crypto-powered payments protocol for AI agents. Could agent-to-agent transactions reshape e-commerce and the web itself? Meanwhile, Tom Lee...

26 Syys 202510min

Tether’s Half-Trillion Dollar Valuation

Tether’s Half-Trillion Dollar Valuation

Tether is reportedly courting outside investors for the first time—at a staggering $500 billion valuation. In today’s Breakdown, NLW digs into Bloomberg’s report on Tether’s $15–20 billion fundraise, ...

25 Syys 202510min

Bitcoin’s September Shakeout: $1.7B in Liquidations Sets Stage for Q4

Bitcoin’s September Shakeout: $1.7B in Liquidations Sets Stage for Q4

Bitcoin’s September rally finally stumbled, with a 3.5% drop triggering $1.7B in long liquidations—the biggest of the year. While traders were caught offside, on-chain data shows holders aren’t sellin...

24 Syys 20259min

Senate Democrats Push for Bipartisan Role in Crypto Market Structure Bill

Senate Democrats Push for Bipartisan Role in Crypto Market Structure Bill

On today’s Breakdown, NLW looks at the latest twists in the crypto market structure bill. A group of 12 Senate Democrats is pushing for true bipartisan authorship, raising the stakes as time runs shor...

23 Syys 20259min

The Five Most Important Stories in Crypto This Week

The Five Most Important Stories in Crypto This Week

In this week’s Friday Five, NLW digs into why Bitcoin’s September performance is surprising markets, what the Fed’s anticlimactic rate cut means for the economy, and how new SEC approvals are reshapin...

20 Syys 202521min

Fed Cuts Rates Amid Rising Labor Market Risks

Fed Cuts Rates Amid Rising Labor Market Risks

The Federal Reserve delivered its first rate cut since last November, reducing the target range to 4–4.25% as weakening labor data outweighed inflation concerns. Chair Powell framed the move as a “ris...

19 Syys 202511min

Google’s New Agent Payments Protocol and What It Means for Crypto

Google’s New Agent Payments Protocol and What It Means for Crypto

Today on The Breakdown, NLW explores Google’s announcement of AP2, a new open-source payments standard that lets AI agents transact securely. Built with Coinbase and more than 60 partners, AP2 integra...

18 Syys 202510min

Coinbase Considers Token Launch

Coinbase Considers Token Launch

On today’s Breakdown, NLW unpacks the Senate’s confirmation of Trump adviser Stephen Moran to the Fed and the fierce debate over central bank independence ahead of Wednesday’s FOMC meeting. He then di...

17 Syys 202510min

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