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(2085)

Blockworks Acquires Messari

Blockworks Acquires Messari

In this special episode, Blockworks announces its acquisition of Messari and unpacks what it means for crypto’s next phase. Michael and Jason explore why Messari’s breadth of data, APIs, and research ...

12 Jun 28min

SpaceX Just Became the Most Valuable Post-IPO Company Ever

SpaceX Just Became the Most Valuable Post-IPO Company Ever

It's SpaceX IPO day, and it’s on track to be the most valuable post-IPO company in history — $1.77T, surpassing Saudi Aramco. David walks through the numbers, the pre-IPO trade on Hyperliquid, and why...

12 Jun 21min

BlackRock's Bitcoin ETF Is $13 Billion Underwater

BlackRock's Bitcoin ETF Is $13 Billion Underwater

BlackRock's IBIT is sitting about $13 billion underwater on its Bitcoin holdings. Every ETH ETF is in the red. David walks through which funds bought the top, which took profit, and what happens to cr...

10 Jun 26min

Inside Pump.fun's New Bounty Platform

Inside Pump.fun's New Bounty Platform

Pump.fun just rolled out Pump.fun Go — a bounty platform that pays you crypto for filming yourself doing… well, whatever. David on why this might actually matter for the next retail cycle. Plus: the c...

8 Jun 30min

Brutal Zcash Bug Sat Hidden for 4 Years

Brutal Zcash Bug Sat Hidden for 4 Years

A critical bug in Zcash's Orchard shielded pool could have minted unlimited counterfeit ZEC — and it sat there for 4 years. The price has lost ~47% in three days. David walks through what happened, wh...

5 Jun 26min

Crypto Still Sees Massive Returns On Par With Stocks

Crypto Still Sees Massive Returns On Par With Stocks

Everyone's saying crypto has been left behind by the stock market. David digs into the numbers — VVV outperformed SanDisk YTD, Hyperliquid beat NVIDIA and AMD, Stellar beat NVIDIA. The market is selec...

3 Jun 21min

Dimon & Democrats Ready for War Over CLARITY

Dimon & Democrats Ready for War Over CLARITY

A centrist Democratic group is spending six figures to brand the CLARITY Act as "Trump's crypto grifto." Jamie Dimon is on the same side. David walks through what's actually happening and why crypto m...

1 Jun 25min

When Bitcoin’s Bear Market Might End

When Bitcoin’s Bear Market Might End

David maps the current Bitcoin bear market against every prior one — where we are, how much longer it could run, and where the bottom could land. FOLLOW THE SHOW › David — https://x.com/dcanellis ...

29 Mai 13min

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