Blockworks

The Breakdown

The Breakdown dives into the deepest topics in crypto, blockchain, and the macro forces shaping markets and power structures. Each episode breaks down complex ideas into clear, grounded analysis — separating signal from noise across crypto, finance, and geopolitics. Hosted by David Canellis, The Breakdown features explainers, interviews, and conversations with the people building, regulating, and challenging the financial system. A Blockworks podcast. Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/

Author

Blockworks

Category

Business

Podcast website

the-breakdown.carrd.co

Latest episode

Jul 6, 2026

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Episodes

Is the US Government Going After Tether? 29.10.2024

...and if it is, is it real or just lawfare? NLW explores reporting from the WSJ and compares it to the leaks that started before the Binance settlement. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, BitTr...

Bitcoin as a Tokenization Platform 28.10.2024

A reading and discussion based on https://blockworks.co/news/bitcoin-will-lead-tokenized-finance Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, BitTrade, Cubolt, Matrixport, Everstake, OKX and aims to have...

The Friday Five: Bitcoin Custody Controversy 26.10.2024

This week on the Friday Five, NLW and Scott Melker discuss the biggest stories in crypto this week, including some controversial comments from Michael Saylor as well as a proposal for Microsoft to act like Microstrategy. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the large...

All Roads Lead to Inflation (and Bitcoin) 25.10.2024

Paul Tudor Jones recently said "all roads to lead to inflation." On today's show NLW explores how the macro shift is impact markets. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, BitTrade, Cubolt, Matrixpo...

The Biggest Acquisition in Crypto History 24.10.2024

NLW argues that Stripe's acquisition of Bridge reinforces that this cycle is all about the foundational significant of Bitcoin and Stablecoins. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, BitTrade, Cubol...

The Central Bankers Who Think Bitcoin Could Destroy Society 23.10.2024

A paper published by the ECB makes some incendiary arguments. Is this the latest greatest expression of "and then they fight you" or are we getting all worked up for nothing? Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians...

What's the Future of Crypto Adoption? 21.10.2024

A reading and discussion inspired by: https://www.coindesk.com/opinion/2024/10/16/tap-to-earn-games-are-realizing-satoshis-dream/ and https://blockworks.co/news/empire-newsletter-memecoins-winning Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the w...

The Friday Five 19.10.2024

NLW and Scott Melker count down the top five stories in crypto this week. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, Cefu, Cubolt, Matrixport, Copper, OKX and aims to have over $200M TVL at mainnet laun...

One Way or Another, Bitcoin Looks Ready to Break Out 18.10.2024

It feels like momentum is emerging in the BTC space, but which way that momentum is pointing remains a big question. NLW explores the latest market dynamics in this episode. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians...

Is Tesla About to Sell It's BTC? Bitcoin Doesn't Seem to Care 17.10.2024

Tesla shuffled all it's BTC after years of it being dormant, leading to some speculation that they're preparing to sell. Bitcoin price action shrugged off the rumors as a non-event, however, showing how embedded the current bullish sentiment is. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has...

Kamala Harris' Latest Crypto Overture 16.10.2024

Kamala Harris has included crypto in her appeal to win Black male voters. Some see it as a positive sign for crypto. Others just think the whole thing was weird. Is this a "here we go again" moment with the language of investor protection? Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partn...

Crypto Takes the Fight Back to the SEC 13.10.2024

A reading and discussion inspired by https://blockworks.co/news/sec-wrong-about-crypto-asset-securities Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, Cefu, Cubolt, Matrixport, Copper, OKX and aims to have...

The Five Most Important Stories in Crypto This Week 12.10.2024

NLW is back with Scott Melker for a countdown of the most important stories in crypto and macro this week, including Polymarket odds changes, SEC action, and a perfectly unhinged LinkedIn post. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the worl...

Is the Chinese Stimulus Walkback Bullish for Bitcoin? 11.10.2024

Investors have been paying close attention to China's stimulus plans for the past month, but got some cold water thrown on them this week. NLW looks at the implications for crypto and markets more broadly. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools...

Did an HBO Documentary Just Reveal Satoshi's True Identity? 09.10.2024

One of the great mysteries of the modern age is the true identity of Bitcoin creator Satoshi Nakamoto. This year, we got a definitive court judgement that it was not Craig Wright (which any bitcoiner could have told you). Now, we get a new documentary from HBO that advances a new, fairly surprising theory. What do you think? Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and sc...

Could a Robinhood Exec End up SEC Chair? 09.10.2024

NLW covers reporting that Robinhood Chief Legal Officer Dan Gallagher is in the running to lead the SEC after Gary Gensler. Plus a report from JPMorgan on Uptober. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchan...

How the Jobs Report Changes Rate Cut Calculus 08.10.2024

On Friday, the nonfarm payrolls report came in much hotter than expected. On today's episode, NLW looks at the market reaction and specifically, what it means for the likely path of Federal Reserve interest rate cuts. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest...

Bitcoin's Incontrovertible Political Winning 07.10.2024

A reading and description inspired by https://blockworks.co/news/political-candidates-cannot-ignore-crypto-voters Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, Cefu, Cubolt, Matrixport, Copper, OKX and aim...

JP Morgan on BTC and the Debasement Trade 05.10.2024

NLW looks at the incredible progress Bitcoin has made as a mainstream asset, discussing the latest JP Morgan analysis affirming BTC's role in a period of increased global strife. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custod...

Judge Declares Prediction Markets Legal in US 04.10.2024

Or at least...they're not illegal based on the CFTC's arguments. A Judge has rejected the CFTC's appeal to keep Kalshi from posting a presidential election market. The decision has led to numerous platforms coming online almost immediately. Plus, the SEC's Head of Enforcement heads out. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compr...

The Market Reaction to Iranian Bombing 03.10.2024

Yesterday Iran sent a barrage of missiles towards Israel, escalating the simmering regional conflict. NLW looks at how the markets -- both tradfi and crypto -- responded to the news. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major cu...

Is Uptober On the Menu for Bitcoin? 02.10.2024

October is historically Bitcoin's best month. After coming off a stronger-than-usual September, however, and facing down macro and geopolitical uncertainty, will the Uptober trend appear once again? Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the...

Tornado Cash Case Going to Trial 02.10.2024

Is it a standard money-laundering case or are the implications for privacy and free speech more significant? The case against Tornado Cash founder Roman Storm is heading to trial after a judge has rejected his motion to dismiss. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newslette...

The Plot to Destroy Silvergate and Debank Crypto 29.09.2024

Nic Carter - VC and chronicler of Operation Choke Point 2.0 - is back with an extensive look at recently revealed information about the demise of Silvergate Bank. Original: https://www.piratewires.com/p/inside-biden-admin-plot-to-destroy-silvergate-and-debank-crypto-for-good-nic-carter Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtub...

The Five Most Important Stories in Crypto Last Week 28.09.2024

Caroline Ellison sentenced. China stimulus. BTC up. Best September ever. NLW and Scott Melker count down the most important stories in the crypto space last week. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://dis...

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