Wall Street’s Crypto Push, Western Union’s Stablecoin, and the Fed’s Halloween Confusion
The Breakdown1 Nov 2025

Wall Street’s Crypto Push, Western Union’s Stablecoin, and the Fed’s Halloween Confusion

On this Halloween Friday Five, NLW and Scott Melker break down a wild week in macro and crypto. The Fed’s latest meeting left markets confused about future rate cuts, while Wall Street and legacy payment giants doubled down on digital assets. ICE partners with Polymarket to explore tokenized collateral, Mastercard eyes a $2B crypto acquisition, and even Western Union is launching its own stablecoin. Plus, Solana ETFs crush expectations, and what this cycle’s institutional dominance means for the future of crypto markets. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

Avsnitt(2054)

The Five Most Important Stories This Week

The Five Most Important Stories This Week

NLW and Scott Melker cover why this may be the first baby bear market in our new tradfi integrated paradigm. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watc...

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[CORRECT] Fed Minutes Slam the Door on Rate Cuts—Bitcoin Hits New Lows

[CORRECT] Fed Minutes Slam the Door on Rate Cuts—Bitcoin Hits New Lows

The latest Fed minutes show a deeply divided committee but a clear signal: no December rate cut is coming. Markets reacted fast, sending Bitcoin tumbling to new lows as leveraged traders piled in and ...

22 Nov 20259min

Bitcoin’s Bottom Watch Begins

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20 Nov 20259min

Why Coinbase’s First ICO Fell Flat

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A look at why the long-awaited return of ICOs to the US started with a whimper, not a bang. The debut sale on Coinbase’s new platform underperformed expectations, raising questions about demand for ne...

19 Nov 202510min

The Bitcoin Bears Are Back In Town

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The crypto market is facing a renewed period of intense fear as Bitcoin turned red on the year, briefly dropping below $93,000 amid a 10% weekly drawdown and the Fear & Greed Index hitting extreme low...

18 Nov 202512min

The Week Crypto Moved Forward While Prices Fell Behind

The Week Crypto Moved Forward While Prices Fell Behind

Extreme fear grips the market and Bitcoin dips into the mid-$90Ks, but the real story is everything happening underneath the sell-off. This Friday 5 breaks down the heavy wallet distribution, the liqu...

17 Nov 202523min

What the End of the Shutdown Really Means for Crypto

What the End of the Shutdown Really Means for Crypto

NLW looks at what the end of the 43-day government shutdown means for crypto, from the CFTC finally moving toward a confirmed chair and opening the door to regulated spot markets, to the SEC racing to...

14 Nov 202511min

Did the US Steal $13 Billion in Bitcoin? China Says Yes

Did the US Steal $13 Billion in Bitcoin? China Says Yes

China is accusing the US of hacking a major Bitcoin mining pool in 2020 and stealing 127,000 BTC—now worth more than $13 billion. NLW breaks down the origins of the Labuyan hack, why the coins later a...

13 Nov 202511min

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