The Breakdown

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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Gold Mania and a Bitcoin Stall

Gold Mania and a Bitcoin Stall

Bitcoin stumbles through another Sunday-night slide as gold rips to historic highs, pulling attention and liquidity away from crypto and fueling talk of a speculative metals mania layered on top of ge...

27 Jan 9min

Bitcoin Meets Davos

Bitcoin Meets Davos

Brian Armstrong takes Bitcoin to the World Economic Forum as Davos wrestles with the visible unraveling of the old global order, putting the Bitcoin standard, stablecoin yield, and crypto market struc...

24 Jan 8min

The Macro Market Crash and the End of the Old Order

The Macro Market Crash and the End of the Old Order

Markets are selling off across the board as stocks, bonds, and the dollar all fall together, signaling something bigger than a routine drawdown. This episode unpacks why the latest crash feels like a ...

23 Jan 8min

The Stablecoin Yield Standoff

The Stablecoin Yield Standoff

Today’s episode digs into the deepening market structure fallout in Washington, tracing how Coinbase’s withdrawal from the bill triggered White House anger, exposed fractures across the crypto lobby, ...

21 Jan 8min

Bitcoin Wakes Up

Bitcoin Wakes Up

Bitcoin finally delivered a jolt of life, surging to $96,000 in its biggest move of 2026 and breaking a long stretch of boredom for crypto markets. The episode unpacks why this rally may matter less f...

15 Jan 8min

Phase Two of Institutional Bitcoin Adoption

Phase Two of Institutional Bitcoin Adoption

Bitcoin has spent the opening weeks of 2026 trading sideways, but beneath the surface a second phase of institutional adoption is taking shape. This episode unpacks why Morgan Stanley’s move toward a ...

14 Jan 9min

Powell Under Prosecution and the End of Fed Independence

Powell Under Prosecution and the End of Fed Independence

A seismic escalation in the clash between the White House and the Federal Reserve as reports emerge that Fed Chair Jerome Powell is under criminal investigation, raising unprecedented questions about ...

13 Jan 12min

Morgan Stanley Goes All In on Crypto

Morgan Stanley Goes All In on Crypto

Morgan Stanley makes a major bet on crypto adoption by filing for in-house Bitcoin and Solana ETFs, a sharp reversal that signals real demand inside its massive wealth management network and another s...

8 Jan 9min

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