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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Episoder(2080)

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biggest weakness is its inability to tell its own story—an issue magnified by the mainstream media’s fixation on outdated narratives.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

Hung Jury Delivers Mixed Verdict in Roman Storm Tornado Cash Trial

Hung Jury Delivers Mixed Verdict in Roman Storm Tornado Cash Trial

In a closely watched case for crypto developers, a New York jury found Tornado Cash co-founder Roman Storm guilty of operating an unlicensed money transmitting business, while deadlocking on money lau...

8 Aug 202513min

The Real Battle Behind Debanking and Operation Chokepoint

The Real Battle Behind Debanking and Operation Chokepoint

President Trump is preparing an executive order targeting financial institutions over politically motivated debanking, but critics argue it's missing the real culprits—federal regulators. NLW dives in...

7 Aug 202513min

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