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/

Episoder(2058)

Bitcoin, Politics, and Privacy

Bitcoin, Politics, and Privacy

On this week’s Long Read Sunday, NLW reads two essays exploring the intersection of Bitcoin, crypto, and politics. The first, Red Coin Blue Coin: The New Politics of Exposure, looks at the rise of pol...

17 Aug 202512min

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 and Scott break down U.S. Treasury comments that rattled Bitcoin markets and offered a rare glimpse into America’s BTC holdings, then dive deep into Circle’s launch of ...

16 Aug 202522min

Crypto Froth Watch: Bullish IPO Pops 200% as Bitcoin and Ethereum Near Highs

Crypto Froth Watch: Bullish IPO Pops 200% as Bitcoin and Ethereum Near Highs

Bitcoin hits $124K and Ethereum surges close to a new record as altcoin mania returns. Meanwhile, institutional exchange Bullish rockets 200% in its IPO before plunging—raising questions about froth i...

15 Aug 202512min

Circle’s Corporate Chain Gamble

Circle’s Corporate Chain Gamble

Circle has announced Arc, its own EVM-compatible layer 1 blockchain powered by USDC, joining Stripe, Tether, and Robinhood in the corporate app chain trend. Critics warn it could fragment crypto and u...

14 Aug 202513min

Democrats Gear Up for Fight Over Crypto Market Structure Bill

Democrats Gear Up for Fight Over Crypto Market Structure Bill

NLW breaks down the brewing Senate battle over the crypto market structure bill, with Elizabeth Warren signaling a shift toward acknowledging the need for legislation. We explore Democratic critiques ...

13 Aug 202512min

It Wouldn't Be A Bitcoin Cycle Without a China Ban Rumor

It Wouldn't Be A Bitcoin Cycle Without a China Ban Rumor

Bitcoin starts the week near all-time highs after a surprise Sunday night rally, even as rumors swirl of another China crypto ban. NLW unpacks why the reports are misleading, the real story of Beijing...

12 Aug 202514min

What FTX Marketing Was Actually Trying to Accomplish

What FTX Marketing Was Actually Trying to Accomplish

A new long read argues that crypto’s biggest weakness is its inability to tell its own story—an issue magnified by the mainstream media’s fixation on outdated narratives. NLW agrees with much of the p...

10 Aug 202513min

The Five Most Important Stories in Crypto This Week

The Five Most Important Stories in Crypto This Week

This week’s Friday Five is packed with U.S. government moves that signal crypto policy has shifted from rhetoric to action. NLW and Scott break down the SEC’s surprising guidance that puts liquid stak...

9 Aug 202520min

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