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)

Is Tokenization the 3rd Leg of this Bull Market?

Is Tokenization the 3rd Leg of this Bull Market?

This Long Read Sunday explores the rise of tokenization in financial markets. NLW reads and analyzes a piece from Galaxy’s Thomas Cowan on how stablecoins, tokenized money market funds, and on-chain s...

1 Jul 202510min

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 unpacks a major shift in crypto policy: Fannie Mae and Freddie Mac have been ordered to treat crypto as mortgage-worthy assets—a milestone in crypto’s integration into ...

29 Jun 202522min

Crypto Mortgages Are Here

Crypto Mortgages Are Here

A sweeping look at crypto's mainstream march. From Fannie Mae and Freddie Mac counting crypto toward mortgage applications to the SEC signaling ETF redemption upgrades and SoFi relaunching crypto serv...

27 Jun 202511min

The Central Banks Strike Back on Stablecoins

The Central Banks Strike Back on Stablecoins

The Bank for International Settlements (BIS)—the central bank for central banks—has delivered a major critique against stablecoins, arguing they lack critical features for mainstream adoption. NLW exp...

26 Jun 202511min

Texas Gets to Bitcoin Buying

Texas Gets to Bitcoin Buying

On today's Breakdown, the big story is Texas becoming the first state to actively build a Bitcoin reserve. Governor Greg Abbott has signed legislation allocating an initial $10 million to the reserve,...

24 Jun 202510min

How the Markets Are Handling the Latest in Iran

How the Markets Are Handling the Latest in Iran

The US has officially entered the conflict with Iran, bombing nuclear enrichment sites and raising fears of escalation. NLW explores immediate reactions across markets—from oil price spikes and stock ...

24 Jun 202510min

The Importance of the Token Transparency Framework

The Importance of the Token Transparency Framework

Crypto markets have a lemon problem. Token issuers know way more than token buyers, creating hidden risks and a lack of trust. Today, NLW explores Blockworks' ambitious solution—the Token Transparency...

23 Jun 202510min

Bitcoin Holds Firm Above $100K as Senate Stablecoin Bill Opens Floodgates for Crypto

Bitcoin Holds Firm Above $100K as Senate Stablecoin Bill Opens Floodgates for Crypto

On this week's Friday Five, NLW and Scott dive into Bitcoin's remarkable stability above $100,000 despite global uncertainty, major bipartisan passage of the Genius stablecoin bill in the Senate, Circ...

21 Jun 202522min

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