Conversations about the most interesting current events and ideas in crypto, with the most interesting people in crypto. Hosted by @nlw. Watch live Mondays at 7pm EST: https://www.youtube.com/c/nathanielwhittemorecrypto
The Long Reads Live podcast is a captivating and thought-provoking show that brings long-form journalism to life through audio. Hosted by knowledgeable and engaging presenters, this podcast takes deep dives into complex topics, providing listeners with in-depth analysis and insights into a wide range of subjects. From politics and culture to science and technology, The Long Reads Live covers it all with meticulous research and storytelling prowess.
One of the best aspects of this podcast is the quality of the content. The hosts select compelling long-form articles from respected publications and bring them to life through narration and interviews. These articles are often well-researched and provide a comprehensive look at important issues, offering listeners a chance to delve deeper into topics that may not receive much coverage in mainstream media. The insightful commentary provided by the hosts adds another layer of understanding, making each episode both informative and entertaining.
Another strength of The Long Reads Live is its diverse range of topics. The podcast covers a wide array of subjects, ensuring there is something for everyone. Whether you're interested in politics, science, or social issues, you'll find episodes that cater to your interests. This variety keeps the podcast fresh and engaging, as it allows listeners to learn about different areas they may not have explored before.
While The Long Reads Live has many strengths, there are a few aspects that could be improved upon. One potential downside is the length of the episodes. As the name suggests, this podcast focuses on long-form journalism, which means episodes can sometimes run quite long. While this allows for more in-depth exploration of topics, it may be challenging for listeners who prefer shorter podcasts or have limited time available.
In conclusion, The Long Reads Live is an intellectually stimulating podcast that provides a unique platform for long-form journalism in audio form. With its engaging hosts and wide-ranging subject matter, it offers an immersive experience that educates and entertains listeners. While some episodes may be longer than desired, the quality of the content and the insightful commentary make up for any potential drawbacks. If you're looking for a podcast that dives deep into important issues and expands your knowledge on a variety of topics, The Long Reads Live is definitely worth a listen.
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 devaluation, and the looming end of American monetary dominance. With interest payments surpassing the defense budget and the government falling short on reform, Dalio argues that fiat systems are expiring—and that investors should seek refuge in hard assets like gold and Bitcoin. Plus, updates on Interactive Brokers' stablecoin plans, PayPal's expanded crypto support, and the ECB's warnings of monetary irrelevance. 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
Galaxy Digital just executed one of the largest Bitcoin OTC deals in history—moving 80,000 BTC worth $9 billion for a mysterious Satoshi-era wallet. In today's episode, NLW breaks down how the market absorbed the sale with barely a blip, explores speculation around the identity of the seller, and examines what the transaction signals for sovereign reserves and institutional confidence. Plus: ideological divisions among OG Bitcoiners, estate planning vs. capitulation, and what this sale says about the next era of Bitcoin adoption. 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
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 the Senate to pass the Clarity Act and Anti-CBDC Surveillance State Act following the passage of the Genius stablecoin bill. Then, in a sharp historical detour, NLW turns to Byron Gilliam's essay connecting 1600s VOC dividends in mace and nutmeg to today's debates over crypto token rights and revenue alignment. It's a double-header episode exploring how regulation, history, and investor trust intersect to shape the future of digital assets. Sources: https://www.coindesk.com/opinion/2025/07/22/the-senate-must-finish-the-job-on-americas-pro-crypto-futureemmer-begich https://blockworks.co/news/token-holders-demanding-revenue 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
This week's Friday Five dives into a deceptively quiet but consequential stretch for crypto. NLW and Scott Melker break down Dan Tapiero's massive $50 trillion crypto prediction, institutional progress like JPMorgan's collateralized crypto lending and Christie's $1B real estate crypto push, and how Ethereum is finally finding its moment. Plus, a look at the evolving Senate version of the crypto market structure bill, lobbying momentum in D.C., and Coinbase's bold new move with U.S.-based perpetual futures. The theme? The institutional floodgates are opening—and crypto is normalizing fast. 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
In today's episode of The Breakdown, NLW dives deep into the evolving trade dynamics between the U.S. and Japan, asking whether the current trade war is really masking a larger capital or currency war. We explore the details behind a new $550 billion Japan-US investment vehicle, why Japan secured a lower tariff rate, and the controversy surrounding the deal's legitimacy. NLW also unpacks the political upheaval in Japan, the long-term consequences of the BOJ's extreme monetary policies, and whether the yen's behavior signals a shift in global financial strategy. Is this just brinksmanship, or a new era of macroeconomic warfare? Tune in for the full breakdown. 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
In today's episode, NLW breaks down the newly released Senate draft of the crypto market structure bill—a shockingly slim but significant proposal that could redefine how digital assets are treated in U.S. law. From developer protections to a clean new definition of digital assets and a crypto-native disclosure regime, the Senate's version takes a very different approach than the House's Clarity Act. NLW explores the bill's core provisions, the implications for open-source developers, investor protections, and whether tokens are securities. He also covers reactions from legal experts, the next steps in Congress, and what the bill could mean for crypto's regulatory future. Plus, JPMorgan's move toward crypto-backed loans and Coinbase's launch of regulated perpetual futures for U.S. traders. 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
Bitcoin dominance is falling. Ethereum is rallying. Altcoins are exploding. Today on The Breakdown, NLW asks: is this the start of a new leg up in the bull market—or the beginning of the end? From surging ETH ETF inflows and treasury company buy pressure to warning signs of froth and echoes of 2021, this episode examines the competing narratives shaping the current moment. NLW unpacks the shifting risk spectrum, the legitimization of crypto through stablecoin legislation, and whether the explosion of altcoin treasury companies signals sustainable innovation—or just the next leverage bubble. 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
NLW breaks down the newly signed Genius Act—the first major piece of U.S. crypto legislation. He unpacks what the law actually contains, from reserve requirements and audit rules to the “Libra clause” banning Big Tech stablecoins. With Circle and Tether taking center stage at the White House, what does this mean for the future of stablecoins, tokenization, and U.S. financial dominance? Plus, thoughts on DeFi tailwinds, CBDC fears, Schwab's crypto plans, and the latest crypto IPO filings. 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
For this Long Read Sunday, NLW hands the mic to AI to read three of Byron Gilliam's standout essays from the Breakdown newsletter. First, “Crypto's Competitive Advantage” draws a bold parallel between 19th-century U.S. capital markets and the wild world of meme coin ICOs—arguing that pump.fun may be the Erie Railroad of Web3. Next, “Can the Genius Act Save Banks from Stablecoins?” explores how America's newest crypto legislation recalls the era of Regulation Q, money market funds, and toaster giveaways. Finally, “Anarchy, Crime, and Stablecoins” reflects on how Timothy May might interpret Congress' surprising embrace of crypto—and where the fences still stand. A sweeping historical and philosophical ride through one of crypto's most pivotal weeks. Get the Breakdown newsletter here: https://blockworks.co/newsletter/the-breakdown 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
NLW returns with a jam-packed Friday Five (or Friday 500) to break down the biggest crypto week of the summer. The Genius and Clarity Acts both pass the House with overwhelming bipartisan support—marking the first major crypto legislation on its way to becoming law. Trump floats a retirement-focused crypto investment EO, while the total crypto market cap tops $4 trillion and Ethereum ETFs begin to shine. Meanwhile, a dormant Bitcoin whale awakens, moving billions, raising speculation about Roger Ver or Adam Back. Plus: the U.S. Marshals' BTC holdings spark FOIA drama, and Trump fires up the Fed chaos machine with Powell threats. A defining week in crypto's march to legitimacy. 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
NLW breaks down the dramatic twists of Crypto Week on Capitol Hill, where GOP infighting brought legislative progress to a near halt. From Trump's Oval Office intervention to the 7-hour procedural vote—the longest in House history—he unpacks the fragile deal to move the anti-CBDC bill forward. Also in this episode: the mysterious movement of $4.6B in ancient Bitcoin, speculation around Adam Back's treasury strategy, a $100M Coin Metrics acquisition, and signs of retail returning as Ethereum and altcoins stir to life. 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
Crypto Week got off to a rocky start in Washington as internal GOP conflict—driven by fierce opposition to central bank digital currencies (CBDCs)—blocked a key procedural vote. NLW breaks down how the House Freedom Caucus derailed the crypto agenda over concerns about the Genius Act and its perceived lack of anti-CBDC protections. We explore what this means for the future of crypto legislation, Trump's response, and whether the bills can still pass. Plus, NLW unpacks Bitwise CIO Matt Hougan's case for why clear crypto rules could reduce risk—and why inflation data might complicate the Fed's next move. 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
Crypto analysts are calling it early: this isn't just another speculative bull market. In today's episode, NLW breaks down why institutions, not retail, are driving the current rally, and what makes this cycle categorically different. From Bernstein's $200K Bitcoin target to Wintermute's data on diverging investor behavior, this episode dives into the macro conditions, institutional sentiment, and evolving narratives transforming Bitcoin into a full-fledged hedge against fiscal instability. Plus, Coinbase's surge, Grayscale's IPO ambitions, and why even Peter Schiff is revising his bearish forecasts. 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
Bitcoin starts the week by smashing through $120,000, triggering a wave of excitement on crypto Twitter and in traditional finance alike. NLW breaks down the immaculate vibes, the record ETF inflows, and how institutional capital is finally moving with urgency. Meanwhile, Washington launches its most ambitious legislative push on crypto to date, with stablecoins leading the charge and opposition intensifying. From BlackRock's record-breaking ETF to Grayscale's legal showdown with the SEC, and from Trump's crypto ties to the global monetary backlash against U.S. stablecoins—this is one of the most pivotal weeks yet in Bitcoin's history. Sources: https://www.coindesk.com/opinion/2025/07/07/without-operational-alpha-bitcoin-treasury-company-premiums-will-collapse https://www.bloomberg.com/opinion/articles/2025-07-09/bitcoin-buying-and-coffee-are-too-frothy-a-mix?sref=qUxVp6JU 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
On today's Long Read Sunday, NLW explores two critiques of the growing phenomenon of Bitcoin treasury companies. First, Bloomberg columnist Lionel Laurent argues that corporate Bitcoin purchases signal a frothy market frenzy reminiscent of past speculative bubbles. Then, K33's Torbjørn Bull Jenssen warns that without an actual operational strategy beyond simply buying Bitcoin, these companies' market premiums are doomed to collapse. NLW dissects where these critiques land—and where they miss the mark—in a thoughtful discussion about the real financial engineering at play and what might come next for Bitcoin treasury firms. Sources: https://www.coindesk.com/opinion/2025/07/07/without-operational-alpha-bitcoin-treasury-company-premiums-will-collapse https://www.bloomberg.com/opinion/articles/2025-07-09/bitcoin-buying-and-coffee-are-too-frothy-a-mix?sref=qUxVp6JU 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
It's another Friday Five, and the top story is clear: Bitcoin has surged to a new all-time high, nearing $119,000. NLW breaks down what's driving the price action, from broader market optimism fueled by IPO resurgence and treasury company mania, to structural crypto demand spurred by ETFs. Plus, Elon Musk's America Party embraces Bitcoin, Fed minutes hint at imminent rate cuts amid tariff uncertainty, a mysterious whale moves $8 billion in ancient Bitcoin, and Capitol Hill gears up for a crucial crypto policy showdown next week. 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
Bitcoin has quietly surged to a new all-time high above $112,000, driven less by crypto-specific news and more by broader macroeconomic trends. In this episode, NLW explores how Bitcoin's latest rally isn't a sudden frenzy but rather the inevitable outcome of ongoing dollar weakness, shifting treasury policies, and persistent market uncertainty. As institutions and investors increasingly view Bitcoin as a necessary hedge against global financial volatility, the question isn't whether Bitcoin will rise further—it's how high and how quickly. 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
Crypto ETFs are front and center as Trump Media Group files a controversial application featuring Cronos alongside Bitcoin, Ethereum, Solana, and XRP—sparking debate over ETF standards. Meanwhile, Grayscale's stalled ETF approval fuels frustration and uncertainty, pushing the SEC to clarify token listing guidelines. Plus, Robinhood faces regulatory scrutiny over tokenized stocks, MetaPlanet outlines its bold Bitcoin treasury strategy, and Ego Death Capital launches a $100 million Bitcoin-focused fund to fuel innovation. NLW breaks down the high-stakes developments reshaping 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
Elon Musk just announced the formation of the "America Party," embracing Bitcoin and sparking political chaos. Meanwhile, Congress bets on explosive economic growth through massive spending, and House Republicans prioritize crypto legislation. Plus, the government drops its appeal in the landmark Tornado Cash sanctions case, but the criminal trial against its developer looms large. 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
Over 80,000 Bitcoin, untouched since 2011 and now worth $8 billion, suddenly moved this holiday weekend, sparking wild theories—from secret whales to quantum hacks. NLW explores the intrigue, risks, and possibilities behind one of Bitcoin's largest-ever transactions, and the deeper questions it raises about Bitcoin privacy, security, and the mythos of crypto's earliest adopters. 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
On this Long Read Sunday, NLW explores two transformative essays about how stablecoins and AI agents are set to reshape money. Paul Brody explains why financial streaming via stablecoins could free up trillions in capital. Jason Cottrell outlines how the fusion of stablecoins and agentic AI is revolutionizing consumer payments. Sources: https://www.coindesk.com/opinion/2025/06/24/the-future-of-money-is-streaming-now https://composable.com/insights/stablecoins-ai-agents-digital-payments 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
We're halfway through a wild year for Bitcoin and crypto, with treasury companies stacking sats, ETFs finally breaking through, and Robinhood diving deep into tokenization. Amid a noisy debate on market manipulation versus genuine growth, NLW unpacks the key narratives shaping Bitcoin's trajectory into the second half of 2025. 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
Robinhood just unveiled major plans to offer tokenized stocks—including SpaceX and OpenAI—on their own Ethereum L2 blockchain, potentially reshaping private and public markets. NLW explores how Robinhood's move might democratize finance, threaten traditional venture models, and accelerate the convergence of crypto and traditional financial systems. Plus, Circle seeks a bank charter, highlighting crypto's rapid institutionalization. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
Speculation swirls around who could replace Jerome Powell as Trump hints at naming a new Fed chair early—potentially upending central bank independence. NLW breaks down the leading contenders, market reactions, Trump's radical debt issuance ideas, and why healthcare cuts and tariffs might be the real macro shocks ahead of July 4th. Source: https://www.coindesk.com/opinion/2025/06/26/whats-next-for-tokenization Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
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 structured credit are leading the next wave of crypto adoption. From Wall Street's growing interest to the regulatory hurdles ahead, today's episode dives deep into how tokenization is quietly transforming finance—and why we may be at the start of something much bigger. Source: https://www.coindesk.com/opinion/2025/06/26/whats-next-for-tokenization Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
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 mainstream finance. He also covers BIS's takedown of stablecoins, the surge in Bitcoin dominance, Texas' new Bitcoin reserve law, and the emerging wave of tokenized stocks and private equity offerings. From macro stabilization to tokenization trends, this episode maps where crypto's financialization cycle is heading next. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
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 services, today's episode is packed with updates showing how deeply digital assets are integrating with traditional finance. Plus, Republic's controversial plan to tokenize SpaceX equity raises big questions about the future of private markets on-chain. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
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 explores the BIS's warnings, their preference for central bank digital currencies (CBDCs), and what this means as the U.S. nears stablecoin legislation. Plus, a quick market check-in as geopolitical tensions pause. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
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, making Texas the clear frontrunner in a growing state-level Bitcoin adoption trend. Plus, a quick check-in on escalating tensions—and attempts at ceasefire—in the Middle East. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
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 market jitters to rising inflation risks and crypto volatility. He discusses whether the critical Straits of Hormuz might close, the geopolitical chess moves involving China and Russia, and why Bitcoin remains a crucial indicator of global sentiment. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
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 Framework. Inspired by traditional securities disclosures, it aims to standardize essential token information like supply schedules and insider deals. Could this new industry-led initiative finally bring transparency and investor confidence to crypto markets, or is it just another well-intentioned effort bound to struggle? Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
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, Circle's blockbuster IPO performance, JPMorgan's surprising move onto Coinbase's Base layer, and Elon Musk's continued push toward making X an "everything app." Plus, Fed divisions deepen as rate cuts remain uncertain. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
The U.S. Senate has passed landmark stablecoin legislation, signaling a new era for digital finance in America. As institutions gear up for massive crypto adoption, JPMorgan announces plans for its own permissioned token in partnership with Coinbase. Meanwhile, escalating tensions between the U.S., Iran, and Israel rattle global markets. NLW breaks down the implications for crypto, geopolitics, and finance. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
On today's Breakdown, NLW dives into Justin Sun's controversial move to take Tron public on the Nasdaq, signaling a potential peak in the Bitcoin treasury hype cycle. He also explores how escalating tensions between the U.S. and Iran are influencing Bitcoin markets, examines Metaplanet's rapid ascent among corporate Bitcoin holders, and provides an update on the latest crypto legislation battles in Congress, complicated by Trump's crypto connections. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
As tensions flare between Israel and Iran, NLW explores how markets—particularly Bitcoin—are reacting to escalating geopolitical risk. Despite missile strikes, assassination reports, and fears of oil supply shocks via the Strait of Hormuz, Bitcoin remains steady at $105K. NLW dives into whether this marks a new resilience or just a temporary lull. Plus, a deep dive into the rise of Bitcoin Treasury companies: Are they pioneering a new financial model—or setting up the next crash? Finally, updates on Solana ETF filings and rumors that Amazon and Walmart are eyeing stablecoins as the Genius Act nears a Senate vote. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
Circle's IPO wasn't just successful—it was a rocket ship, surging from its initial price of $31 to over $100 per share in just days. But why did analysts and markets underestimate Circle so dramatically? In this episode of The Breakdown, NLW explores the real story behind Circle's IPO frenzy. He examines why markets are betting big on stablecoins as essential financial infrastructure, breaks down the evolving regulatory landscape, and highlights how Circle's meticulous, years-in-the-making strategy positioned them perfectly for this moment. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
On today's Breakdown, NLW covers a dramatic escalation as Israel launches airstrikes against Iran, rattling global markets. He explores Bitcoin's initial response as a risk asset rather than a safe haven amid geopolitical tensions, and analyzes whether that dynamic might shift in the coming days. Plus, the SEC's Paul Atkins labels self-custody a foundational American digital right, Stripe deepens its crypto commitment with a new acquisition, and stablecoins continue their march toward mainstream adoption as the Clarity and Genius Acts progress through Congress. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
Nathaniel dives into the growing momentum behind stablecoin legislation in Washington, including the Senate's latest approval of the Genius Act, the political posturing surrounding it, and why this isn't a crypto bill—it's a dollar dominance bill. He explores Meta's potential reentry into stablecoins and breaks down Stripe's major crypto infrastructure move with its acquisition of wallet provider Privy. Plus, what Treasury Secretary Scott Bessino's stablecoin vision signals for global dollar strategy, why GameStop's Bitcoin treasury plan is raising eyebrows, and how altcoin treasury strategies are veering into the absurd. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
Bitcoin is sizzling this summer, surging back to $110,000 amid optimistic predictions from figures like Michael Saylor, who argues that crypto winter is permanently behind us. But is this bullish enthusiasm a sign of strength or a setup for disappointment? Meanwhile, the SEC hints at an upcoming wave of altcoin ETFs, led by Solana, suggesting a busy fall ahead. At the same time, Connecticut makes headlines by banning state-level crypto investments, signaling ongoing tension between crypto adopters and skeptics. Plus, updates on crypto-friendly legislation advancing in Washington, and insights from Brian Quintenz's confirmation hearing as incoming CFTC Chair. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
In a significant policy shift, SEC Chair Paul Atkins defends self-custody as a fundamental American right, marking a turning point for crypto regulation and DeFi innovation. NLW explores why this declaration is critical for crypto's future, how it impacts the ongoing legislative battles in Washington, and what it means for asset tokenization and blockchain developers. Plus, the ripple effects from Circle's blockbuster IPO continue, igniting a wave of crypto IPO filings as Wall Street scrambles to catch up. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
Markets settle on the "taco trade," betting Trump won't push tariffs too far—but uncertainty reigns as China tensions linger, automakers scramble over rare earth metals, and CEO confidence plummets. Meanwhile, Trump's massive spending bill sparks bipartisan backlash, Elon Musk fumes over budget bloat, and discussions heat up about ditching the debt ceiling entirely. Plus, the weaponization of the dollar gains momentum as geopolitical conflicts put foreign reserves at risk. Is the financial system signaling distress, and does Bitcoin offer a way out? Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
On today's Long Read Sunday, NLW explores Hugh Hendry's provocative essay "Sovereignty 3.0," examining how rising Treasury yields signal the collapse of traditional financial structures and the emergence of Bitcoin and stablecoins as new forms of sovereign power. Is the dollar becoming a weapon, and can Bitcoin actually replace it as global collateral? Source: https://x.com/hendry_hugh/status/1929917531159920951 Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
Scott Melker joins NLW for a packed Friday Five: Circle's IPO skyrockets, Musk and Trump's crypto-fueled feud jolts markets, and JPMorgan quietly normalizes Bitcoin as financial collateral. Plus, lawmakers bungle crypto bill briefings and Cynthia Lummis sparks debate over Bitcoin's role in national security. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
Circle's IPO blew past expectations, pricing high and oversubscribed 25x, signaling Wall Street's growing appetite for stablecoin exposure. NLW breaks down the offering's details, why fintech insiders think Circle is still undervalued, and what this means for future crypto IPOs. Plus, JPMorgan embraces crypto ETFs, Bitcoin treasuries surge, and Congress continues its political theater over the Clarity Act. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
Democrat frustration boils over after an SEC technical briefing on the crypto market structure bill goes disastrously wrong. NLW explores accusations of deliberate obstruction, political delay tactics, and how internal conflicts and rushed legislation risk undermining crypto's bipartisan push. Meanwhile, the Trump family's sprawling crypto projects cause further complications for a fragile industry caught between regulation and political spectacle. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
May was a breakout month for crypto deals, with $3.5 billion in activity signaling a shift from stagnation to strategic consolidation. NLW breaks down the Robinhood–Bitstamp acquisition, Jump's bet on tokenization, and Circle's suddenly hot IPO—backed by BlackRock and poised to reshape the stablecoin landscape. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown) 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
Bitcoin treasury companies are multiplying fast—some with billions in backing, others chasing quick gains. Today's episode examines who's funding these firms, how the Michael Saylor playbook is evolving, and whether we're watching the rise of a sustainable trend or the start of a new crypto bubble. 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 Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown)
Recorded live on Friday May 30th, 2025. 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
The Bitcoin Conference returned to Las Vegas bigger than ever, drawing over 30,000 Bitcoiners and showcasing political heavyweights championing crypto's future. Vice President JD Vance outlined the administration's bold crypto agenda, emphasizing Bitcoin's role as a bulwark against financial tyranny, inflation, and elite control. David Sacks updated progress on the Strategic Bitcoin Reserve, while Eric and Don Jr. Trump discussed their family's deep dive into Bitcoin, predicting record highs. Plus, embattled NYC Mayor Eric Adams pitched "bit bonds," hoping to restore the city as a crypto hub. 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
Trump Media, GameStop, Joe Lubin, and a growing list of others are embracing the Michael Saylor playbook—raising massive capital to load up on Bitcoin. Today on The Breakdown, NLW unpacks the explosion of MicroStrategy-style public vehicles, the reflexive loop driving investor FOMO, and whether this leverage injection is a new frontier for Bitcoin-based finance—or a looming gray swan. 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
America's biggest banks are planning a joint stablecoin, signaling a new phase of institutional crypto adoption — but it's happening just as political backlash intensifies. NLW breaks down the Wall Street consortium's ambitions, the implications for the U.S. financial system, and how Trump's meme coin controversy is complicating stablecoin legislation in Washington. 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
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