The Breakdown

A reading and discussion based on https://blockworks.co/news/senate-gensler-sec-overturn-sab-121﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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A Congressional Letter Pushing Back on Gensler's Rogue SEC

By a vote of 60-38, the Senate has voted to repeal SAB121. The decision is in direct defiance of the Biden White House, who pledged to veto the bill if it passed. The decision has changed the landscape of crypto politics. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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With SAB121 Overturned, A New Era of Crypto Politics Begins

The US Department of Justice is getting significantly more sophisticated in its crypto criminal prosecution, as witness by the recent arrest in an MEV-related case. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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The First MEV-Related Arrest

Alexey Pertsev has been convicted of money laundering charges in the Netherlands, with the judge explicitly saying that his writing code for Tornado Cash made him culpable. NLW discusses the community's reactions. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Tornado Cash Developer Convicted 

Roaring Kitty aka Deep F***ing Value aka Keith Gill has reemerged and with him has come memestock mania. NLW digs in, plus looks at DC's increasing pushback against the Anti-Crypto Army. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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The Return of Roaring Kitty

Last week former President Trump came out as the pro-crypto candidate. The move has not only put crypto on the national political stage, but generated significant conversation about the rationale of being a single-issue voter.Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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The Rise of the Crypto Single-Issue Voter

On this week's Long Reads Sunday, NLW (with the help of AI) reads Nic Carter's epic latest piece "Five Perspectives on Stablecoins" https://medium.com/@nic__carter/five-perspectives-on-stablecoins-5bc20076270aToday's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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The 5 Key Views on Stablecoins

On this edition of The Friday Five with Scott Melker, NLW discusses why this week was the week that truly entered the political mainstage. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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The Week Crypto Truly Entered the Political Conversation 

Trump Completes His Crypto 180

Former President Trump held an event at Mar-a-lago for Trump NFT holders that served as a coming out party for his courting the crypto vote. NLW explores the Democrats self-inflicted wound -- along with why some Congressional Dems are still fighting. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Grayscale Withdraws ETH ETF

Major confusion in the cryptosphere as Grayscale withdraws an ETF application that had been widely assumed to be just the means to an end of another lawsuit. Plus Gensler's softball interview on CNBC. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Why the Robinhood Wells Notice Hits Harder 

Robinhood is the latest crypto-aligned company to be targeted by the SEC. In today's episode NLW explores why the crypto community is more surprised by this one than even recent actions against Consensys and the Ethereum Foundation. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletSuperintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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The Bitcoin Bull Mood (Starts) to Return

Over the weekend, a vibe shift started where Bitcoiners are climbing out of some of their gloomier predictions from the past few weeks and looking a bit more optimistically at the next part of the cycle. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletSuperintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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For Bitcoin, Is It "Sell in May and Go Away"?

A reading and discussion inspired by https://www.coindesk.com/markets/2024/05/01/sell-in-may-and-go-away-the-seasonality-of-crypto-asset-returns/﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletSuperintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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The Five Most Important Stories in Crypto This Week

NLW and Scott Melker discuss macro, CZ's sentence, Roger Ver's arrest and more. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletSuperintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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Powell Dismisses Inflation Concerns

Powell says no rate cuts for the time being, but definitely no rate hikes either. Even as markets (and media) are starting to push a stagflation narrative, the FOMC and Chair Jerome Powell say they don't see the evidence. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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Roger Ver Arrested for Tax Evasion as Coinbase Enables Lightning 

NLW explores the latest crypto arrest -- this time of early Bitcoin advocate (and later Bitcoin big blocker villain) Roger Ver. Additionally, Coinbase has added support for Lightning. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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Former Binance CEO CZ Gets 4 Months In Jail (Because Of COURSE He Got 4)

NLW discusses the lead up to the hearing as well as the community's response to the sentence. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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Operation Chokepoint 2.0 (2.0)

Is the US government coordinated crackdown back? This time it seems focused on self-custody. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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Why Bitcoin Will Drive the Next DeFi Summer

A reading and discussion inspired by https://www.coindesk.com/consensus-magazine/2024/04/19/bitcoin-will-power-the-next-defi-summer/﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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The Five Most Important Stories This Week 

NLW and Scott Melker count down the most important stories in crypto this week, including Operation Chokepoint 2.0 (2.0), CZ jail, and more. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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Samurai Wallet Founders Arrested

The US continues its assault on crypto mixers. NLW explores the community reactions -- the good, bad and ugly. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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SEC Lawyers Resign, But Is It Enough? 

NLW covers the SEC lawyers who are taking the fall for the larger Debt Box case, which led to the SEC being censured. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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The Halving and the First Fee War of the New Bitcoin Epoch

For some, the fee war represented how much bitcoin is changing. For others, it was an indication of why we shouldn't be overly concerned about the long term security budget. ﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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The Halving Shows Satoshi's Marketing Genius

A reading and discussion inspired by<a href="https://blockworks.co/news/bitcoins-most-promising-least-dramatic-halving">https://blockworks.co/news/bitcoins-most-promising-least-dramatic-halving</a> and<a href="https://blockworks.co/news/bitcoins-halving-major-spectacle-satoshi">https://blockworks.co/news/bitcoins-halving-major-spectacle-satoshi</a>﻿Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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The Five Biggest Stories in Crypto This Week

NLW counts down everything from geopolitics to stablecoin legislation to the halving. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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Crypto Reacts to the Lummis-Gillibrand Stablecoin Bill

Senators Lummis and Gillibrand are back with new crypto legislation, this time focused on stablecoins. Bullish, bearish or something in between? Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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Is The Bitcoin Rally Over Early?

As malaise sets in, this narrative is taking hold. NLW isn't so sure. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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The UK Heading Towards Stablecoin Rules

NLW does a whistlestop tour of global AI regulation and market updates. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletConsensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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The Market Reacts to Iran's Attack and Geopolitical Insecurity

Crypto and tradfi markets were already getting hammered heading into the weekend, when new geopolitical instability and conflict made things even shakier. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletSuperintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/Enjoying this content?<ul>
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The Inevitability of the Fight Against DeFi

A reading and discussion inspired by https://www.coindesk.com/consensus-magazine/2024/04/11/the-secs-suit-against-unswap-is-an-opening-attack-against-defi/Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletSuperintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" <a href="https://besuper.ai/">https://besuper.ai/</a>Enjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

Recorded live with Scott Melker on Friday, April 12. They discuss Bitcoin price predictions, Elizabeth Warren's latest attacks and moreToday's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletSuperintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" <a href="https://besuper.ai/">https://besuper.ai/</a>Enjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

A Treasury Hearing On Crypto and Illicit Finance -- But Does Anyone Care Anymore?

Congress is back in session and apparently crypto is high on the agenda. At the same time, the crypto industry seems to have better things to talk about now. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

The Bitcoin Halving Through History

A look at what was happening in Bitcoin at the time of each of the previous halvings, and a discussion of what makes this time different. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

Legal Scorecard: Coinbase Up Good; Terraform Down Bad 

NLW looks at a set of recent court cases with very different results for the defendants. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

The No-Landing Economy? Market Rebounds on Jobs Beat

On Thursday the market was rocked, with the three major indices all down more than 1%. On Friday they recovered with a better than expected jobs report. Still some are wondering if it's ever going to make sense to cut rates. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

Binance Executives Arraigned in Nigeria

NLW updates a set of stories, including the latest out of Nigeria where the Binance executives who were detained have now been arraigned with numerous charges. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

The US Gov't Selling Silk Road Coins

Some coins seized in connection with Silk Road have been sent to Coinbase for sale. NLW explores how much people should be worried about the US dumping their BTC stash.Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

Coinbase's Partial Victory In SEC Lawsuit

Coinbase didn't win their request to dismiss the SEC's lawsuit outright, but made progress with the judge agreeing that their self-custodial wallet wasn't acting as a brokerage. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

The Biggest Bitcoin Narratives of the New Cycle

NLW explores the state of Bitcoin narratives, from ETFs to mining to BRC-20's and beyond. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

Bitcoin Back and Better Than Ever, with Kraken CEO Dave Ripley

NLW is joined by Kraken CEO Dave Ripley to discuss the new cycle, Bitcoin in a post-ETF world, memecoins, and more. Find Dave online: https://twitter.com/DavidLRipleyToday's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

Does the Bitcoin ETF Have A Downside? With Jim Bianco 

The Bitcoin spot ETF has been the biggest narrative driver (and financial driver) in the Bitcoin space this year, but are there some hidden downsides? NLW explores this question with macro analysts (and Bitcoin and crypto bull) Jim Bianco. Find Jim online: https://twitter.com/biancoresearchToday's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

The Hallmarks of the New Bitcoin Cycle with Ian Rogers 

Ian Rogers, the Chief Experience Officer at Ledger, joins NLW to discuss the shape and texture of the new bull market, and what custody means in the wake of a Bitcoin spot ETF. Find Ian online: https://twitter.com/iancrToday's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?SUBSCRIBE to the Podcast: https://pod.link/1438693620Watch on YouTube: https://www.youtube.com/nathanielwhittemorecryptoSubscribe to the newsletter: https://breakdown.beehiiv.com/Join the discussion: https://discord.gg/VrKRrfKCz8Follow on Twitter:NLW: https://twitter.com/nlwBreakdown: https://twitter.com/BreakdownNLW

The Macro Landscape Right Now

NLW delves into the state of the macro landscape from the Bank of Japan, China, the Fed and more. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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The Top 5 Stories in Crypto This Week

Spoiler alert: the sanctioning of the SEC by a judge is right at the top. Recorded live Friday March 22, 2024 with Scott Melker. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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After Record Weeks, BTC Spot ETFs See Net Outflows

NLW catches up on the stories that shaped the week. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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What We Know About the Ethereum Foundation Investigation 

Short answer: not much, but that hasn't stopped the crypto community from speculating that it could be a last-ditch effort from the SEC to cripple the crypto space. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Blackrock Pushes the Tokenization Trend

A look at the real world asset tokenization trend and how Blackrock is pushing this narrative forward as well. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Judge Sanctions SEC for "Bad Faith" and "Abusive Conduct"

The crypto industry is feeling very vindicated in its assessment that the SEC has not been a good faith regulator.Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletKraken - Go to https://kraken.com/thebreakdown and see what crypto can be Enjoying this content?<ul>
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BTC's 10% Weekend Dip: How Much Should We Worry?

Short: not very much. NLW talks about ETF flows, past cycle patterns, and why we should expect some resets along the way.Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Why Crypto Narratives Are Finally Making Sense to TradFi

Bitcoin as digital gold. Ethereum as all that tokenization stuff. The rest of it as degeneracy and gambling. NLW explores how narratives are clicking in the post Bitcoin ETF era. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Judge Confirms: We Are All Satoshi. Except Craig Wright. 

Rejoice! A lawsuit from COPA has led a UK judge to declare that Craig Wright is not, and never has been, Satoshi Nakamoto. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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ETH Dencun Upgrade Transforms Blockchain Fee Competition 

Ethereum's latest update has significantly decreased the cost of L2s -- bringing them all the way down to Solana levels. NLW explores the implications -- plus Microstrategy is is back issuing more debt to buy bitcoin. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Binance Executives Still Being Held Hostage in Nigeria 

At this point, it's hard to call the situation anything other than a hostage situation, and the US government doesn't seem particularly fussed about it. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Trump Changes His Tune on Bitcoin

As the world gets used to a new Bitcoin all-time high, all manner of folks are reevaluating their previous stances. On this episode, we discuss one of the highest profile shifts, which comes from former President Donald Trump. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Billionaire Bill Ackman Looks At Bitcoin at $72,000

A new all time high means a whoooole lotta different types of folks are back looking at Bitcoin once again. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Bitcoin's Record Breaking Week: The Five Biggest Stories in Crypto 

NLW and Scott Melker count down the most important stories in crypto this week. Today's Show Brought To You ByLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Powell Says "No CBDC!"

Jerome Powell could not have been any clearer in his testimony yesterday. Plus Bitcoin hits $70,000 VERY temporarily.Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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SEC Commissioners Are Fed Up with Gensler and SEC Policies

Hester Peirce and Mark Uyeda have written their most scathing and snarky dissent ever, lambasting the SEC for its intentionally obfuscating policies. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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A Bullish Dump?

After kissing all time highs, Bitcoin crashed 14%. Normal volatility? Miner selling? NLW explores the reaction to the correction Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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</ul>

Is the Crypto Cycle Overheating Already?

With Bitcoin nipping at new all time highs this week plus memecoin mania, some are starting to ask the question. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Unexpected Allies: 8 States File Amicus Brief Against SEC in Kraken Case

The Attorneys General of 8 states have filed an amicus brief in the lawsuit against Kraken by the SEC, effectively arguing that the SEC is way overstepping its bounds. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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What Satoshi Got Right About Bitcoin's Future

In the wake of the recent trove of Satoshi email releases, Bitcoiners have been pouring over the documents to better understand the pseudonymous founder behind it. NLW reviews what Satoshi predicted correctly about their invention. Reading: https://www.coindesk.com/consensus-magazine/2024/02/26/5-things-satoshi-nakamoto-correctly-predicted-about-bitcoin/Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can beLedger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Bitcoin added more $ to its price in February than any other month in history, and it's showing no signs of stopping. Plus an update on SAB121. Today's Show Brought To You ByKraken - Go to https://kraken.com/thebreakdown and see what crypto can be Ledger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-walletEnjoying this content?<ul>
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Bitcoin Just Had Its Biggest Month Ever 

Coinbase Crashes After >10X Surge in Traffic

It must be a bull market if Coinbase is going down. NLW argues that yesterday will be seen as the first day of the next phase of the bull market.Enjoying this content?<ul>
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Bitcoin is Above $60,000 and People are Finally Paying Attention

Bitcoin's rally continues and as NGU technology pushes BTC above $60,000, the tide of attention is starting to shift. Enjoying this content?<ul>
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Bitcoin Smashes $57,000 and Retail is Still Nowhere to Be Found

Despite retail investors remaining distinctly uninterested in crypto, the numbers just keep going up. Bitcoin went on a tear, hitting $57,000. NLW looks at ETF flows, open interest and more. Enjoying this content?<ul>
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Satoshi's Ghost: The Lost Trove of Satoshi Emails 

NLW digs into the discussion around the more than 150 Satoshi emails that were just released as part of a trial proceeding against Craig Wright. Enjoying this content?<ul>
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The Big Bitcoin Vibe Shift

A reading and discussion of https://www.coindesk.com/consensus-magazine/2024/02/20/the-crypto-vibe-shift/ Enjoying this content?<ul>
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Trump Talks Bitcoin; SEC Sued; Deaton vs Warren 

NLW and Scott Melker count down the top stories of the weak, featuring a softening stance on bitcoin from presumptive GOP presidential nominee Donald Trump. Enjoying this content?<ul>
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New Crypto Exchange Sues the SEC!

NLW covers an interesting case out of Texas that is meant to provoke a determination that the SEC is not allowed to regulate crypto. Enjoying this content?<ul>
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Circle Drops Tron 

The latest scuttlebutt from the world of stablecoins Enjoying this content?<ul>
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USDT vs Bitcoin in Africa 

NLW looks at discussion of the preferred currency in developing markets. Enjoying this content?<ul>
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Why the Bitcoin Led Bull Market Will Be Different

A reading and discussion of:https://www.coindesk.com/consensus-magazine/2024/02/15/bitcoin-is-back-back-back-baby/andhttps://www.coindesk.com/business/2024/02/14/how-bitcoin-benefits-from-global-stresses/Enjoying this content?<ul>
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The First Week of the New Bull Market?

NLW and Scott Melker discuss the five most important stories in crypto, with NLW arguing that this week felt like a significant milestone. Enjoying this content?<ul>
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Coinbase SMASHES Earnings Estimates

Coinbase had a great Q4 and Wall Street is loving it. NLW discusses the key stories to wrap up the week.Enjoying this content?<ul>
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SEC Chair Gensler's Feeble Anti-BTC Arguments Smacked Down on National TV

We're officially living in the post-ETF world, and people are sick and tired of the supposedly "merit neutral" SEC spreading lies and FUD about Bitcoin. SEC Chair Gary Gensler went on Squawk Box, trotting out his greatest hits, only to be brutally rebuffed by host Joe Kernan. Enjoying this content?<ul>
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Bitcoin Reclaims $1T Market Cap, But Political Fights Remain

Even as BTC reclaims an important milestone, the Blockchain Association is pushing back on legislation that could have a significant negative impact on the industry. Enjoying this content?<ul>
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Markets Wobble After CPI Surprise 

Markets got an unpleasant jolt this morning when January CPI numbers came in hotter than expected. Many investors took it as a reason that the Fed would look to push anticipated rate cuts out further into the year.Enjoying this content?<ul>
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Bitcoin Smashes Through $50,000

NLW collects a set of takes that all amount to a shifting sentiment around the institutional bid. Enjoying this content?<ul>
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How Real Are Real World Assets?

NLW reads two pieces with different takes on Real World Assets - one of crypto's big emerging themes. <a href="https://www.coindesk.com/consensus-magazine/2024/02/02/real-world-asset-tokenization-is-fake-news/?_gl=1*1drwyh3*_up*MQ..*_ga*OTg0Njk2ODAxLjE3MDc0MTY3NDk.*_ga_VM3STRYVN8*MTcwNzQxNjc0OS4xLjEuMTcwNzQxNjc2MC4wLjAuMA..">https://www.coindesk.com/consensus-magazine/2024/02/02/real-world-asset-tokenization-is-fake-news/</a><a href="https://www.coindesk.com/business/2024/02/07/forget-etfs-lets-work-on-tokenizing-the-whole-value-chain/?_gl=1*1pja022*_up*MQ..*_ga*OTg0Njk2ODAxLjE3MDc0MTY3NDk.*_ga_VM3STRYVN8*MTcwNzQxNjc0OS4xLjEuMTcwNzQxNjg1My4wLjAuMA..">https://www.coindesk.com/business/2024/02/07/forget-etfs-lets-work-on-tokenizing-the-whole-value-chain/</a>Enjoying this content?<ul>
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Bitcoin Enthusiasm Returns: The Five Most Important Stories in Crypto This Week

Recorded live with Scott Melker on Feb 9. Enjoying this content?<ul>
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Could Prometheum's Custody Plans Force the SEC on Ethereum?

Ugh, yes we're talking about Prometheum and an argument that their Ethereum custody plans could lead the SEC to designate Ethereum a security. Enjoying this content?<ul>
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Bitcoin Breaks Out as ETF Flows Normalize

Enthusiasm is back on the agenda in Bitcoin land! NLW looks at the recent price action, Bitcoin's decoupling from rates and more. Enjoying this content?<ul>
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The SEC Shoves New Market Maker Rule Through

NLW summarizes the new market maker rules, their implications for crypto, and the pushback they're getting not only from crypto but hedge funds and other tradfi institutions as well. Enjoying this content?<ul>
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Will Anything Useful Be Built This Crypto Cycle?

On this episode, NLW looks at a recent thread by Travis Kling on financial nihilism and what people expect out of crypto this cycle. https://twitter.com/Travis_Kling/status/1753455596462878815 That sets a frame for a conversation about Farcaster's recent 1000% growth. Enjoying this content?<ul>
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Bitcoin Bull Bukele Cruises to Second Term in El Salvador

Plus updates from Jerome Powell, US jobs data, and Chinese stocks. Enjoying this content?<ul>
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Why the Bitcoin ETF Will Never Be the Same as Truly Owning Bitcoin

A reading of <a href="https://www.coindesk.com/consensus-magazine/2024/02/02/a-bitcoin-etf-will-never-be-your-bitcoin/?_gl=1*isggf*_up*MQ..*_ga*OTYxMjUyMjEwLjE3MDcxNDIwNzk.*_ga_VM3STRYVN8*MTcwNzE0MjA3OS4xLjAuMTcwNzE0MjA3OS4wLjAuMA..">"A Bitcoin ETF Will Never Be Your Bitcoin"</a> by Pascal Gauthier, CEO of LedgerEnjoying this content?<ul>
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The Five Most Important Stories in Crypto and Macro This Week

Recorded live with Scott Melker on Friday Feb 2, 2024Enjoying this content?<ul>
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Tether Made More Money Than Goldman Sachs Last Quarter 

Is Tether the best company in the world? CMS Holdings says so after a banger of a Q4. NLW covers the key crypto news. Enjoying this content?<ul>
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Powell Says No Rate Cuts in March

NLW breaks down the first FOMC meeting of the year. Enjoying this content?<ul>
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Layoffs at Block

NLW covers the crypto news, including the follow through on some previously announced layoffs at Jack Dorsey's company. Enjoying this content?<ul>
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The State of Bitcoin Mining Heading into the Halving 

NLW looks at the growth in hashrate and the state of the mining markets in the lead up to the Bitcoin halving. Enjoying this content?<ul>
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Bitcoin Shows the Growing Supremacy of the ETF

NLW covers the latest on the Bitcoin spot ETF. BlackRock's offering is over $2B in AUM, while Fidelity is close behind at $1.8B. He discusses why it's an affirmation not only of Bitcoin but of the ETF structure. Enjoying this content?<ul>
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The Top Five Crypto Stories This Week

Recorded live with Scott Melker on Friday 1.26.24Enjoying this content?<ul>
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Q4 GDP Was Better Than Expected: What Does It Mean for Rate Cuts?

NLW explores the most recent macro news stories, including a look at Q4 GDP which came in stronger than expected. Swan also announces Swan Mining. Enjoying this content?<ul>
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When Will the GBTC Selling End!?!

Billions have flown into Bitcoin ETFs, but the relentless selling of GBTC has been a major drag on the price of BTC (to say nothing of the mood of the industry). NLW explores when people think it will end. Enjoying this content?<ul>
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China's Stock Market Struggles 

NLW looks at the worsening stock market situation in China, which has caused the Chinese government to explore major stimulus. Enjoying this content?<ul>
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Binance SEC Hearing Goes Much Less Well Than Coinbase Hearing 

Binance was in court arguing that the SEC lawsuit against them should be thrown out, in an echo of Coinbase's hearing with the SEC last week. This one seemed to go significantly worse for the crypto team. Enjoying this content?<ul>
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Court Orders FTX Independent Examiner

Reversing a lower court decision, FTX will have an independent examiner. It also appears the bankruptcy estate has been a major source of GBTC selling. Enjoying this content?<ul>
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The Five Biggest Stories in Crypto this Week 

Recorded live with Scott Melker on Friday Jan 19 2024. Enjoying this content?<ul>
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A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.

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