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 Sprint in DC Signals Big Shifts Ahead

Crypto Sprint in DC Signals Big Shifts Ahead

Washington is buzzing with crypto action. From the CFTC's new crypto sprint to Hester Peirce's bold stand for privacy, this episode dives into the shifting regulatory winds—and what they mean for the ...

6 Aug 202511min

After Weak Jobs Report, BLS Commissioner Gets the Ax

After Weak Jobs Report, BLS Commissioner Gets the Ax

Today NLW unpacks a stunning escalation as President Trump fires the head of the Bureau of Labor Statistics after a weak jobs report. The move has shaken confidence in the independence of US economic ...

5 Aug 202514min

The Stablecoin Free Banking Debate—What History Really Says

The Stablecoin Free Banking Debate—What History Really Says

For this Long Read Sunday, NLW explores Nick Carter’s sweeping new essay comparing modern stablecoins to 19th-century free banking. Through a condensed version rewritten by Claude, the episode dismant...

3 Aug 202513min

Crypto's Regulatory U-Turn: The Five Most Important Stories in Crypto This Week

Crypto's Regulatory U-Turn: The Five Most Important Stories in Crypto This Week

This week’s Friday Five is dominated by a stunning speech from the new SEC Chair, signaling a dramatic shift in U.S. crypto policy. NLW breaks down the speech’s implications, from safe harbors and tok...

1 Aug 202526min

Powell's Hawkish Wait-and-See

Powell's Hawkish Wait-and-See

The July FOMC meeting delivered no rate change—but plenty of political drama. Powell refused to guide toward September cuts, triggering hawkish market reactions and rare dissent from Fed governors Wal...

1 Aug 202512min

Crypto Treasuries Face Their First Real Test

Crypto Treasuries Face Their First Real Test

Crypto treasury companies like Bitmine and Backed are under pressure as investor enthusiasm wanes. Bitmine’s share buyback failed to move markets, raising concerns about narrative exhaustion despite b...

31 Jul 202511min

Ray Dalio Says We’ve Hit the Point of No Return

Ray Dalio Says We’ve Hit the Point of No Return

In a sobering comments, legendary hedge fund manager Ray Dalio recently warned that the U.S. has crossed a fiscal Rubicon. NLW breaks down Dalio’s thesis of irreversible debt doom, currency devaluatio...

30 Jul 202513min

Finish the Job: Crypto Legislation, Token Rights, and Spicy Dividends

Finish the Job: Crypto Legislation, Token Rights, and Spicy Dividends

On this Long Read Sunday, NLW dives into the two major fronts of America’s evolving crypto legislation. First, he reads and reacts to a joint op-ed from Congressmen Tom Emmer and Nick Begich urging th...

29 Jul 202513min

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