Wall Street’s Crypto Push, Western Union’s Stablecoin, and the Fed’s Halloween Confusion
The Breakdown1 Nov 2025

Wall Street’s Crypto Push, Western Union’s Stablecoin, and the Fed’s Halloween Confusion

On this Halloween Friday Five, NLW and Scott Melker break down a wild week in macro and crypto. The Fed’s latest meeting left markets confused about future rate cuts, while Wall Street and legacy payment giants doubled down on digital assets. ICE partners with Polymarket to explore tokenized collateral, Mastercard eyes a $2B crypto acquisition, and even Western Union is launching its own stablecoin. Plus, Solana ETFs crush expectations, and what this cycle’s institutional dominance means for the future of crypto markets. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

Episoder(2050)

The Bitcoin Bears Are Back In Town

The Bitcoin Bears Are Back In Town

The crypto market is facing a renewed period of intense fear as Bitcoin turned red on the year, briefly dropping below $93,000 amid a 10% weekly drawdown and the Fear & Greed Index hitting extreme low...

18 Nov 202512min

The Week Crypto Moved Forward While Prices Fell Behind

The Week Crypto Moved Forward While Prices Fell Behind

Extreme fear grips the market and Bitcoin dips into the mid-$90Ks, but the real story is everything happening underneath the sell-off. This Friday 5 breaks down the heavy wallet distribution, the liqu...

17 Nov 202523min

What the End of the Shutdown Really Means for Crypto

What the End of the Shutdown Really Means for Crypto

NLW looks at what the end of the 43-day government shutdown means for crypto, from the CFTC finally moving toward a confirmed chair and opening the door to regulated spot markets, to the SEC racing to...

14 Nov 202511min

Did the US Steal $13 Billion in Bitcoin? China Says Yes

Did the US Steal $13 Billion in Bitcoin? China Says Yes

China is accusing the US of hacking a major Bitcoin mining pool in 2020 and stealing 127,000 BTC—now worth more than $13 billion. NLW breaks down the origins of the Labuyan hack, why the coins later a...

13 Nov 202511min

Bitcoin’s $100K Test and the Return of Stimmy Checks

Bitcoin’s $100K Test and the Return of Stimmy Checks

After one of Bitcoin’s sharpest sell-offs of the cycle, sentiment across crypto turned fearful as whales dumped billions and ETFs saw record outflows. But a weekend surge of political and fiscal news ...

11 Nov 202512min

Fed Cuts as Expected, But Powell Keeps Markets Guessing

Fed Cuts as Expected, But Powell Keeps Markets Guessing

Markets got the rate cut they expected — but not the clarity they wanted. Fed Chair Jerome Powell stunned investors by signaling that December’s cut is “far from a foregone conclusion,” while also ann...

31 Okt 202510min

Polymarket’s $9B Comeback: Prediction Markets Return to the U.S.

Polymarket’s $9B Comeback: Prediction Markets Return to the U.S.

Polymarket is preparing to relaunch in the U.S. after years in regulatory exile, now armed with a CFTC-compliant license and a $9B valuation. The move signals a new era for prediction markets—blurring...

30 Okt 202512min

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