The Breakdown

NLW and Scott Melker count down the most important stories in crypto this week. How big a deal is GME buying BTC? Is it just memes? And how does that rank in comparison to the significance of the OCC and FDIC removing reputational risk as a consideration for banks? Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The Five Most Important Stories in Crypto This Week 

Representatives Emmer and Soto have reintroduced their Securities Clarity Act; French Hill says the crypto market structure bill is coming and much more. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Are We Finally Going to Get Securities Clarity? 

Your 2021 self just did a happy dance. Gamestop and Bitcoin have converged as the company plans to spend it's big cash pile at least in part on a BTC treasury reserve. Could anything be more perfect? Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The Prophecy is Fulfilled: Gamestop to Buy BTC

On this grab bag episode, NLW covers a range of topics, including what was once the odds-on favorite to be this cycle's big narrative driver: real world asset tokenization. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Real World Asset Tokenization Shows Positive Early Indicators

A big win for privacy and the crypto space came surrounding the Tornado Cash sanctions, but as NLW points out, there is still battle ahead, as the Treasury is not saying that Tornado Cash is okay going forward. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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A Win for Privacy as Tornado Cash Addresses are Unsanctioned 

A reading a discussion inspired by Meltem Demirors' recent DAS presentation: https://x.com/Melt_Dem/status/1902748560610795578 Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Crypto's Past, Present and Future

A sitting US president appeared at a crypto conference for the first time yesterday as President Trump popped in on Blockworks' DAS yesterday to reaffirm his administration's commitment to US crypto superiority. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Making America the"Undisputed Bitcoin Superpower and Crypto Capital of the World”

It was FOMC day, and while rates stayed the same, there was much more interest and intrigue than there's been in many, many meetings. How are Powell and the Fed handling Trump's "What Next" economy? Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Sneaky Significant Changes at the Fed

We keep hearing that institutions are still stoked on crypto despite retail stress. Today NLW explores what evidence we have one way or another. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The Real Story of Institutional Crypto Interest

On this grab bag episode, NLW covers North Korea's growing bitcoin stack, the SEC reconsidering a Gensler-era rule, and record BTC outflows. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Bitcoin is For Enemies: Pyongyang Edition

The market is finally digesting that there is no Trump put, and that Trump 2.0 is more concerned with remaking the global economic order than on making Wall Street happy -- at least for now. NLW talks about the implications for markets, bitcoin and beyond. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Treasury Secretary Bessent: "The Beatings Will Continue Until Morale Improves" 

Two essays that reflect Elizabeth Warren and her anti-crypto army's failure shape the debate around common sense crypto policy. Reading and discussion inspired by:https://www.coindesk.com/opinion/2025/03/13/no-the-stablecoin-bill-isn-t-built-for-billionaireshttps://www.coindesk.com/opinion/2025/03/13/stablecoins-are-a-vital-innovation-that-risk-being-crushed-by-misguided-fear Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Stablecoin Debate Illustrates the Failure of the Anti-Crypto Army 

NLW and Scott Melker count down the most important crypto stories of the week, from more bipartisan pro-crypto legislation to a new discussion of stablecoins to the geopolitical implications of crypto's biggest ever funding deal. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The Five Most Important Stories in Crypto This Week

Binance has raised $2B in crypto's biggest ever fundraise. What's more interesting than the dollar amount, however, is the geopolitical implications underlying it. Is it part of a broader Gulf-state realignment? US dollar hegemony through stablecoins? NLW explores. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Crypto's Biggest Funding Deal Ever 

Congress has followed the Senate in their vote to repeal a damaging IRS crypto broker rule, and has done so by an even bigger supermajority than the Senate vote. NLW argues that this shows an emerging strand of common-sense bipartisanship around crypto in Washington. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Early Signs of Crypto Bipartisanship in Congress

NLW explores macro turmoil, including the growing (at least in analysts' estimation) possibility of a recession. He also looks at how it's impacting the crypto markets. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Markets Get Spooked By Recession Possibility 

The White House held its first Crypto Summit last week. While some people are complaining that it was a nothingburger, NLW argues that they're missing the point. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Ignore the Whiners: The White House Crypto Summit WAS a Big deal

The big White House Crypto Summit happens on Friday March 7th in DC. NLW covers the scuttlebutt and chatter leading into the event. c er in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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A Preview of the White House Crypto Summit

That's the argument in discussion today. Source: https://www.coindesk.com/opinion/2025/03/06/mass-adoption-of-web3-through-the-self-writing-internet Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Will AI Vibe Coding Lead to Web3 Adoption?

NLW and Scott Melker count down the five most important stories in crypto this week, including the profound news that the US is actually getting a strategic bitcoin reserve. NLW argues that the way they did the BSR actually solves many of the major concerns with it. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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It's Actually Happening: The USA Gets a Strategic Bitcoin Reserve 

This is one of the most confusing times in market history. NLW explores the chaos and volatility which is ranging from crypto to macro and beyond. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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No One Knows Anything About This Economy

Things might seem weird out there for crypto policy, but a bipartisan group is coming together to vote as a crypto block. NLW argues that beyond the hype and hoopla, things are moving in the right direction. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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A Bipartisan Crypto Voting Coalition Emerges 

Not the Strategic Crypto Reserve we wanted, but the Strategic Crypto Reserve we deserve? For an administration that set out to be the best friend of crypto, it's been amazing to see how many are up in arms at their various crypto decisions. In today's episode, NLW wades through the aghast takes to try to provide some semblance of analysis around why XRP and ADA are being included in a US Strategic Crypto Reserve. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Trump's Strategic S#^@coin Reserve 

A reading and discussion inspired by:https://www.coindesk.com/opinion/2025/02/26/the-u-s-war-on-crypto-isn-t-overhttps://www.coindesk.com/opinion/2025/02/28/why-trump-s-potential-plan-to-make-crypto-gains-tax-free-could-be-a-bad-idea Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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</ul>

Is the War on Crypto Actually Over?

NLW and Scott Melker discuss the most important stories in crypto, including the painful market reset, the response to the Bybit hack, and much more. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Bitcoin's Brutal Crash: The Five Most Important Stories in Crypto This Week 

The Bybit hack was the largest exchange hack in history. NLW is joined by Ledger CTO Charles Guillemet to break down what happened and what the implications are for crypto security. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Security After the Bybit Hack with Ledger CTO Charles Guillemet

NLW does a check in on the state of Bitcoin mining. AI is having some interesting impacts that could shape how the industry evolves. ﻿Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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How AI Is Impacting Bitcoin Mining 

We might not now the future of a US Strategic Bitcoin Reserve, but serious progress is being made at the state level. ﻿Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Bitcoin is Surging at the State Government Level 

An exploration of how Nick Szabo's exploration of micropayments from 25+ years ago holds up, and why while most of it holds true, AI agents could be the X-factor. Source:<a href="https://bitcoinmagazine.com/technical/szabos-micropayments-and-mental-transaction-costs-25-years-later-">https://bitcoinmagazine.com/technical/szabos-micropayments-and-mental-transaction-costs-25-years-later-</a> ﻿Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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How AI Agents Might Finally Make Micropayments Make Sense 

After a few days enmeshed in memecoin scandal, NLW checks in on the latest stories out of D.C. Individually none of the stories is a showstopper, but together they show just how quickly the regulatory landscape for crypto is being transformed. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The Latest Updates from Washington D.C.'s "Golden Age of Crypto" 

NLW brings you the latest updates in the LIBRA scandal, including some seriously gross text messages and the latest geopolitical machinations. Does this mean that memecoins are dead? That's the exploration. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The $LIBRA Scandal Just Gets Worse 

The absolutely wild story of $LIBRA and Argentina's Javier Milei. Even in a world of rugs and scams, this one is brazen. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The Memecoin That Might Take Down a President 

A reading and discussion inspired by:<a href="https://www.coindesk.com/opinion/2025/02/10/why-we-need-a-bipartisan-stablecoin-bill">https://www.coindesk.com/opinion/2025/02/10/why-we-need-a-bipartisan-stablecoin-bill</a>https://www.coindesk.com/opinion/2025/02/13/why-congress-needs-to-act-on-digital-assets Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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US Politicians Explain What Should Come Next in Crypto 

Congressional hearings. Stablecoin legislation. The wild sentiment dichotomy between institutions and retail. Major outperformance for Coinbase and Robinhood. And more. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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To go on Crypto Twitter, you'd think that we were back in the doldrums of 2023. And yet according to the people closest to the institutions, everything is raging. So what gives? What explains the divergence of attitude? Could it be as simple as some Binance forced selling? Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The Radical Sentiment Dichotomy Between Degens & Institutions

Three different assets. Three VERY different buyer profiles and sentiment stories. Is it the return of sound money or financial nihilism driving the investor train right now? NLW explores. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Bitcoin vs. Altcoins vs. Gold 

Despite $95,000+ sentiment is absolutely in the garbage. NLW explores the reasons, from memecoin misery to macro. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Why Crypto Sentiment is So Bad Right Now

A reading and discussion inspired by: https://www.coindesk.com/opinion/2025/02/05/it-s-time-to-end-the-bureaucrat-s-secret-weapon-debanking Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Will Debanking Actually End Now? 

A changing of the policy guard takes over Washington as crypto digs in for a much friendlier regulatory environment. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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With a set of recent actions, the FDIC has completely reversed its aggressive anti-crypto campaign, nearly two years to the day after Nic Carter first termed it "Operation Chokepoint 2.0." In this episode, a recently voice losing NLW turns to OpenAI's Deep Research and Google's NotebookLM to do a history of the campaign against crypto. Read the original research paper: https://docs.google.com/document/d/1F_zV0uyI5MRa5TNN3fh8X7EQPKDoD_zOT6JUZi1ryQY/edit?usp=sharing Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The History of Operation Chokepoint 2.0 

SEC Commissioner Hester Pierce, long a holdout stalwart for the crypto industry, is now empowered to lead policy via the SEC's new Crypto Task Force. In a recent speech, she laid out the group's specific priorities. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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New SEC Crypto Task Force Announces New Era of Crypto Policy

.....or is that just insane wishful thinking? NLW explores the latest Trump executive action. Once again, mainstream economic wisdom is skeptical, but should we reserve judgement until we see the specific proposal? Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Is the US Sovereign Wealth Fund a Sneaky Proxy for a Bitcoin Strategic Reserve?

The Trump Tariffs broke absolutely everyone's mind this weekend. Most, frankly, didn't see the logic and even those with a pro-Tariff bent were surprised at the direction and scale of the move. NLW argues that the one thing that's for sure is that these weren't primarily economic moves; they were all about geostrategic realignment. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Why the Trump Tariffs Aren't Actually Economic Policy 

A reading and discussion inspired by:https://www.washingtonpost.com/opinions/2025/01/28/investing-crypto-tech-robinhood-stock-market/https://www.coindesk.com/opinion/2025/01/30/put-securities-on-chain Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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The American Argument for Tokenizing Everything 

Recorded live with Scott Melker on Friday 1.31.25 Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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It might have been the world's most predictable Fed meeting when it came to interest rates, but there was a decided shift in tone from Fed Chair Jerome Powell when it came to the Fed's stance on crypto and the banks. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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Powell: Banks Can Serve Crypto Industry

NLW rattles off a slate of forward-looking news that shows where Bitcoin and crypto are headed in a new regulatory context. He specifically hones in on Robinhood's push for stock tokenization as a way to democratize access to financial investment opportunities. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on <a href="http://ledger.com/">Ledger.com</a>. Enjoying this content?<ul>
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</ul>

Stock Tokenization and the Fight Against Accredited Investor Rules

Everyone everywhere is talking about DeepSeek. It sent Bitcoin down under $100k temporarily and ripped trillions of the US stock market. NLW breaks down what happened and why markets reacted so strongly. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Why China's DeepSeek AI Model Crashed Bitcoin

NLW breaks down the specific language of the Trump crypto executive order, including the controversial lack of "bitcoin." Should bitcoiners be worried? Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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What the Crypto Executive Order Actually Says 

A reading and discussion inspired by https://www.coindesk.com/opinion/2025/01/22/ross-is-free-now-let-s-free-the-internet-of-money Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Crypto Values for a New Era

From $TRUMP to the inauguration to executive orders on crypto to the SEC rocking a pro-crypto stance, it was a BIG week. NLW and Scott Melker break it all down. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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The Five Most Important Stories in an Absolutely BANGER Bitcoin Week 

We've officially moved from "things seem likely to get better in the future" to "okay, good stuff is actually happening." Today NLW talks about the shift in the SEC, where pro-crypto Commissioners Hester Pierce and acting-Chair Mark Uyeda are driving serious and meaningful chain with no delay. ﻿Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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The Newly Pro-Crypto SEC Gets a Running Start 

One of the most important campaign promises for many bitcoiners was President Trump's pledge to pardon Ross Ulbricht. That pardon was officially granted on day 1 of the new administration, leading to optimism that more good news could be on the horizon. ﻿Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Ross Ulbricht Has Been Pardoned 

No day 1 executive orders on crypto, but we did get one of the craziest and most massive memecoin launches ever, courtesy of an official Trump memecoin promoted by the then-President Elect. The launch has Crypto Twitter feeling all sorts of ways. ﻿Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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The Trump Crypto Era Begins with a Surprise Memecoin 

A reading and discussion inspired by: <a href="https://www.coindesk.com/opinion/2025/01/16/how-to-make-the-united-states-the-crypto-capital-of-the-world">https://www.coindesk.com/opinion/2025/01/16/how-to-make-the-united-states-the-crypto-capital-of-the-world</a> ﻿Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Making the US the Crypto Capital of the World 

NLW and Scott Melker discuss the five most important stories in crypto this week. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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SEC to Hit the Ground Running on Crypto 

After a week of macro jitters, Bitcoin has rightsized and seems to have stabilized above $100k. Is it anticipation of a new administration or the clear signal from the CPI numbers? NLW explores. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Bitcoin's Big $100K Rebound 

NLW explores how institutional demand (and institutional builders) are significantly upsizing the Bitcoin and crypto markets, and how that trend will play out further in 2025. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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The Great Bitcoin Market Upsizing 

NLW covers the latest moves in Bitcoin's price, exploring what they say about the larger macro environment for risk assets and the likelihood of changes in Fed policy. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Macro Roils After Surprising Jobs Report (and Bitcoin Follows) 

It wouldn't be an outgoing administration without some last minute political intrigue. This time it's the Consumer Financial Protection Bureau (an agency firmly in the crosshairs of Elon Musk's DOGE) attempting to impose rules on crypto payments. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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E. Warren's CFPB Tries Some Midnight Crypto Rulemaking 

A reading and discussion inspired by:https://www.coindesk.com/opinion/2024/12/24/2025-will-be-the-year-that-ai-agents-transform-cryptohttps://www.coindesk.com/opinion/2025/01/09/the-ai-revolution-will-spawn-millions-of-new-tokens Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Is 2025 the Year of Crypto x AI Agents?

Turns out it was a very heavily macro-influenced week, with some policy and price action thrown in. NLW and Scott Melker break it down. Recorded live Jan 10th, 2025. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Fresh off starting the year at $100,000, Bitcoin (and the rest of crypto) tanked. Some thought it was all about concerns of USG selling their Silk Road stash, but it appears to be more rooted in broader macro concern of returning inflation. NLW explores. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Macro Jitters Roil the Crypto Markets 

Some disturbing allegations about the FDIC coverup about its role in Operation Chokepoint 2.0 are gripping cryptotwitter. But how much credibility is there behind the claims? Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Is the FDIC Whistleblower Account Real?

A significant conflict was brewing at the Fed. Some suspected that Vice Chair for Supervision Michael S. Barr would try to fight President Trump to stay in power. That scenario has now been averted, although some are wondering if it signals a change in the independence of the Fed. Plus Bitcoin back at $100,000. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Crisis Averted: Fed Vice Chair for Supervision Steps Down 

Updated compliance with a Coinbase FOIA request shows not only how extensive the FDIC's campaign against crypto business was, but also shows how many novel digital asset products from banks were strangled in the crib. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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Operation Chokepoint 2.0 Finally Has Smoking Guns

NLW catches up on all the stories from the Holiday, including the outperformance of Bitcoin related assets (and digital asset hedge funds) in 2024. Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth while HODLing. Discover what your Bitcoin can do at<a href="https://ledn.io/borrowing"> </a><a href="http://ledn.io/borrowing">ledn.io/borrowing</a>. Enjoying this content?<ul>
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2 of the 4 Best Performing Assets of 2024 Were BTC Related 

Part 3 of a three part end of year special exploring where we've been, where we are, and where we're headed in Bitcoin and crypto more broadly. Enjoying this content?<ul>
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The Ghosts of Bitcoin's Future 

Part 2 of a three part end of year special exploring where we've been, where we are, and where we're headed in Bitcoin and crypto more broadly. Enjoying this content?<ul>
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The Ghosts of Bitcoin's Present 

A retrospective on the essays that defined crypto in 2024. The essays: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877https://time.com/7111315/kamala-harris-crypto-laura-shin-essay/https://vitalik.eth.limo/general/2024/07/17/procrypto.htmlhttps://x.com/Travis_Kling/status/1753455596462878815 https://x.com/Travis_Kling/status/1764696621097378299https://x.com/Travis_Kling/status/1830981118566244633https://www.piratewires.com/p/crypto-choke-point Enjoying this content?<ul>
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The Most Important Essays in Crypto 2024

Part 1 of a three part end of year special exploring where we've been, where we are, and where we're headed in Bitcoin and crypto more broadly. Enjoying this content?<ul>
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The Ghosts of Bitcoin's Past 

Tether is spending $775M investing in alternative video platform Rumble. How much is it trying to curry favor with the incoming administration vs. a genuine attempt to diversify? Enjoying this content?<ul>
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Tether Steps Beyond Stablecoins 

A reading and discussion inspired by https://www.coindesk.com/opinion/2024/12/16/paul-veradittakit-8-predictions-for-crypto-in-2025 Enjoying this content?<ul>
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One Crypto VC's 2025 Predictions 

NLW and Scott Melker count down the most important stories this week, covering why Crypto markets are down, the FOMC meeting, and the latest SEC action. Enjoying this content?<ul>
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The market had its worse reaction to a Fed meeting in the last few years as the FOMC cut rates as anticipated, but revised future projections to reflect more uncertainty on cuts in 2025. NLW covers the news and the reaction. Enjoying this content?<ul>
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Fed Cuts But Says That's It

Bitcoin smashes through another all time high. The SEC meanwhile has sent a Wells Notice of their intent to sue Cyberkongz. The question is whether it's just the Enforcement Division clearing out their desks, or the start of an 11th hour assault. Enjoying this content?<ul>
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The SEC Sends a Parting Shot at the NFT Space

Bitcoin punched up to a new all time high on Sunday as Strategic Bitcoin Reserve fever heats up. Enjoying this content?<ul>
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Bitcoin in Santa Claus Mode Smashes to New ATH 

A reading and discussion inspired by:<ul>
<li><a href="https://www.coindesk.com/opinion/2024/12/06/proof-of-operation-chokepoint-2-0?_gl=1*j0rme8*_up*MQ..*_ga*MTc1MDMyMzQwMS4xNzM0MTA4OTc2*_ga_VM3STRYVN8*MTczNDEwODk3NS4xLjAuMTczNDEwODk3NS4wLjAuNzk2OTQxOTE2">https://www.coindesk.com/opinion/2024/12/06/proof-of-operation-chokepoint-2-0</a></li>
<li><a href="https://www.coindesk.com/opinion/2024/12/11/opening-doors-for-banks-under-a-trump-administration?_gl=1*j0rme8*_up*MQ..*_ga*MTc1MDMyMzQwMS4xNzM0MTA4OTc2*_ga_VM3STRYVN8*MTczNDEwODk3NS4xLjAuMTczNDEwODk3NS4wLjAuNzk2OTQxOTE2">https://www.coindesk.com/opinion/2024/12/11/opening-doors-for-banks-under-a-trump-administration</a></li>
</ul> Enjoying this content?<ul>
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How to Unwind OCP 2.0 

Recorded live with Scott Melker on Friday Dec 13 Enjoying this content?<ul>
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Bitwise recently published a set of predictions for 2025. NLW reviews and analyzes the firm's bets, using them to contextualize the year that was. Read more: https://bitwiseinvestments.com/crypto-market-insights/the-year-ahead-10-crypto-predictions-for-2025 Enjoying this content?<ul>
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$200k BTC and More Crypto 2025 Predictions

The President-elect is weighing in on Bitcoin, and thinks it should hit $150,000 early in his presidency. NLW covers why during this administration, Trump seems likely to view the price of Bitcoin as reflective of his policies. Enjoying this content?<ul>
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Trump's $150k BTC Price Target 

A look at Bitcoin game theory around the world with the latest between El Salvador and the IMF, CZ on China, and more. Enjoying this content?<ul>
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Global Bitcoin Game Theory 

NLW covers the first Bitcoin weekly close over $100,000, plus looks at Coinbase's FOIA requests that show the pressure put on banks by regulators. Enjoying this content?<ul>
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FOIA Requests Prove Operation Choke Point 2.0 is Real 

A reading and discussion showing that some people will just never like Bitcoin. Featuring readings of: <ul>
<li><a href="https://www.usatoday.com/story/opinion/columnist/2024/12/06/invest-bitcoin-trump-musk-cryptocurrency/76800410007/">https://www.usatoday.com/story/opinion/columnist/2024/12/06/invest-bitcoin-trump-musk-cryptocurrency/76800410007/</a></li>
<li><a href="https://www.wsj.com/opinion/bitcoin-prices-microstrategy-markets-assets-federal-reserve-810db1b9">https://www.wsj.com/opinion/bitcoin-prices-microstrategy-markets-assets-federal-reserve-810db1b9</a></li>
<li><a href="https://www.ft.com/content/8533f856-57f1-4765-a3dc-d866543092be">https://www.ft.com/content/8533f856-57f1-4765-a3dc-d866543092be</a></li>
</ul> Enjoying this content?<ul>
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Think $100K BTC Would Stop Beanie Baby Comparisons? Think Again

Recorded live with Scott Melker on Friday December 6, 2024. Enjoying this content?<ul>
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The Five Most Important Bitcoin Stories This Week 

NLW recaps the momentous occasion. Enjoying this content?<ul>
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BTC at $100,000: The Bitcoin Era Begins

Gensler, out. Paul Atkins, in? Reporting suggests that Trump has made his selection for SEC Chair and it's one the crypto industry is enthusiastic about. The only hurdle is how much the candidate doesn't really want to have to clean up after Gary. Enjoying this content?<ul>
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Crypto Ally Paul Atkins To Be Named SEC Chair 

The outgoing administration doesn't seem keen on President-elect Trump's Bitcoin Strategic Reserve, as they prepare to sell billions worth of seized BTC during the lame duck session. Enjoying this content?<ul>
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The USG is Selling $2B Worth of Bitcoin 

In dollar terms, Bitcoin was up more last month than any in it's history. NLW discusses what's going on in the Bitcoin space, as well as why alt season appears to be on the horizon. Enjoying this content?<ul>
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November Was BTC's Biggest Monthly Gain Ever 

A reading and discussion of https://www.coindesk.com/opinion/2024/11/25/why-memecoins-matter Enjoying this content?<ul>
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Do Memecoins Matter?

The President-elect and new Treasury Secretary are laying out perhaps the most ambitious global economic realignment in the 21st century. Neither endorsing nor vilifying the plan, NLW attempts to lay out what appears to be the thinking behind the proposed tariff strategy. Enjoying this content?<ul>
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Tariffs and the Attempt to Remake the Global Trading Order 

Privacy rights in the United States got a major boost as a Federal Appeals Court ruled that OFAC exceeded its authority in sanctioning Tornado Cash. The crypto industry rejoices. Enjoying this content?<ul>
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A Huge Victory for Privacy in the Tornado Cash Suit 

Last week, $92k was a dream. This week, people are already flummoxed. NLW explores another record setting purchase from Michael Saylor and Microstrategy; another record-setting week in ETF inflows, and why it still can't punch us above $100,000. Enjoying this content?<ul>
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Despite Record Saylor Buy, BTC Falls 

After much back and forth, Trump has made his selection for Treasury Secretary and it's macro hedge funder Scott Bessent. Wall St. is excited and crypto is optimistic. Here's the details. Enjoying this content?<ul>
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What Treasury Secretary Nominee Scott Bessent Means for Markets 

A reading and discussion inspired by https://www.coindesk.com/opinion/2024/11/22/how-to-talk-about-crypto-with-your-family-this-thanksgiving/ Enjoying this content?<ul>
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The Thanksgiving Family Crypto Conversation 

Scott Melker and NLW count down the most important stories in crypto this week, including presidential appointments, changes in China policy, and of course, the upcoming resignation of SEC Chair Gary Gensler. Enjoying this content?<ul>
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Bye Bye Gary! The Five Most Important Stories in Crypto This Week

A leak suggests that the Trump team is considering appointing a "crypto czar" to run White House crypto policy. Speculation is rampant about who might be chosen. Plus, Michael Saylor is going to speak to Microsoft. Enjoying this content?<ul>
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A Crypto Czar in the White House?

NLW covers the latest in pro-crypto appointments. Cantor Fitzgerald CEO Howard Lutnick isn't heading to Treasury, and will instead be Secretary of Commerce. Plus the latest rumors on the Treasury Role and the SEC. Enjoying this content?<ul>
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Bitcoin Bull Howard Lutnick for Commerce Secretary 

Bakkt launched in 2018 and was supposed to be the great crypto institutional hope. After a few years of doing not much, it went public via SPAC in 2021. It's share price has subsequently fallen 96%. And yet it's now up huge on news that the company is looking to be acquired by Trump Media Group. Enjoying this content?<ul>
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The Latest Chapter in the Bakkt Saga Lies with DJT

Michael Saylor has previewed the perfect narrative for the push for a Strategic Bitcoin Reserve -- Bitcoin as Manifest Destiny. Plus BTC options appear to be moving forward. Enjoying this content?<ul>
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Bitcoin is Manifest Destiny 

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.

Episodes