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

Markets Surge as BlackRock Files ETH Spot ETF 11.11.2023

The market return continues and the institutional narrative grows as BlackRock files their spot Ethereum ETF. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown 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.c...

ETF Excitement Drives Bitcoin Past $36,000 10.11.2023

NLW continues the bull recovery post SBF trial with an exploration of ETF excitement. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown 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:...

Is Circling Preparing for an IPO? 08.11.2023

NLW looks at a number of stories that suggest the crypto industry is finally facing forward and looking to the future, almost exactly a year after FTX collapsed. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subs...

How Crypto Can Actually Move Past SBF 08.11.2023

NLW wraps up coverage of the SBF trial with a recap of the conclusion and a discussion of community reactions. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown 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....

SEC Is Reprimanded by Government Accountability Office (And It Could Lead to Lawsuits) 01.11.2023

Today on The Breakdown, NLW discusses the end of SBF's testimony, some ETF updates, and the SEC being called out by the GAO. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://brea...

SBF Gets Absolutely Buried in Cross-Examination 01.11.2023

If the goal of the US prosecutor was to make Sam Bankman-Fried look like a liar, liar, pants on fire, boy were they successful. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://b...

How SBF's Testimony Tried to Contradict Caroline, Nishad and Gary 31.10.2023

A look at SBF's testimony with his lawyers and how he set to counter the story presented by his former FTX colleagues Nishad Singh, Caroline Ellison, and Gary Wang. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto S...

Bitcoin and Freedom 29.10.2023

A reading of Preston Pysh's "Bitcoin is Anti-Totalitarianism" https://bitcoinmagazine.com/legal/bitcoin-anti-totalitarianism 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://discord.gg/VrKRrfKCz8 Follow on Twitter:...

SBF Testifies; WSJ Errors; Bitcoin Booms - The Top 5 Crypto Stories This Week 28.10.2023

Recorded live with Scott Melker on Friday October 27, 2023 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://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/Breakd...

SBF Takes the Stand 28.10.2023

SBF start testifying in his own defense. It .... did not go well. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown 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://discord.gg/...

Will the WSJ Retract Their Bogus Crypto Terror Financing Reporting? 26.10.2023

Elliptic came out and said that the stats that the Wall Street Journal had used in their recent reporting around crypto terror financing -- which ended up being the centerpiece of a letter written by Elizabeth Warren and signed by 100+ members of Congress -- had been completely misinterpreted. Will the own up to the error? Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com...

Oops! The BlackRock ETF Code IBTC Has Been Around Since August... 26.10.2023

BTC markets this week have been sent in both directions around news that BlackRock's Bitcoin Spot ETF had a ticker on the DTCC (and then news that it was gone). It turns out, however, that the symbol had been there since August, and no one had noticed. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://p...

Bitcoin Up 100% in 2023, Hits Pre-Luna Crash Prices 24.10.2023

Bitcoin made a massive move up on Monday evening, bringing with it the first taste of the very early bull market. NLW explores the drivers and interpretation. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscri...

Bitcoin $30k: Uptober is Back on the Menu! 23.10.2023

Today NLW explores the recent price push about $30,000 and what it says about the state of the market. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown 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/ Joi...

Crypto Winter Is Over (Says Morgan Stanley) 22.10.2023

NLW reads a new piece from Morgan Stanley about the seasons of crypto. https://www.morganstanley.com/articles/the-four-seasons-of-cryptocurrency-explained 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://discord.gg/...

BTC Rallies, ETF Nudges Closer, and a Fresh Fraud Accusation 21.10.2023

The Weekly Recap looks at the most important stories in crypto this 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://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twi...

The SEC Drops the Ripple Case: How Big A Deal Is This? 21.10.2023

NLW explains the latest moves from the SEC. Is their dropping of their case against Ripple Execs as bullish as it seems -- or is it just them gearing up for a different fight? Plus, NYAG sues Gemini, Genesis, DCG, Barry Silbert and Michael Moro. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link...

The Latest Attack from Elizabeth Warren's Anti-Crypto Army 19.10.2023

With extreme predictability, Senator Elizabeth Warren is using the horror of war in Israel/Gaza to bully a fairly unrelated crypto KYC bill through. NLW explores Warren's attempt and the crypto community's response. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube:...

BlockFi CEO and Former Colleague Continue the Crush of SBF's Defense 19.10.2023

NLW covers the latest in the SBF trial, specifically looking at the testimony of former FTX Head of Engineering Nishad Singh and former BlockFi CEO Zach Prince. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subsc...

Meet Bitcoin's New CMO: Larry Fink 17.10.2023

In the wake of CoinTelegraph's oopsie fake news tweet about BlackRock's Bitcoin Spot ETF application being approved, BlackRock CEO Larry Fink took to Fox Business to talk about why they saw demand for crypto going up. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube...

SEC Doesn't Appeal Grayscale Decision: What It Means 16.10.2023

Today NLW catches up on the latest crypto news, including: The SEC decides not to appeal Grayscale decision Fake news Bitcoin Spot ETF California's Bitlicense - and more Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecry...

What Jim Cramer Doesn't Get About Bitcoin 15.10.2023

NLW looks at recent tradfi commentary from Jim Cramer and Paul Tudor Jones to help uncover what some traditional investors just don't get about this asset Featuring a reading of Ben Schiller's essay: https://www.coindesk.com/consensus-magazine/2023/10/11/jim-cramer-doesnt-know-bitcoin/ Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtub...

SBF Trial, ETF Progress, JPM Onyx Milestone: The Crypto Weekly Recap 14.10.2023

NLW and Scott Melker cover the most important stories of the crypto 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://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twi...

The Most Shocking Details of Caroline Ellison's Damning SBF Testimony 14.10.2023

Caroline Ellison is the prosecutions star witness in the case against Sam Bankman-Fried, and after this week it's not hard to see why. NLW covers the most shocking details, including massive bribes to Chinese officials and more.  Today's Sponsor: Kraken Kraken Pro is the one-stop destination for pro traders - https://k.xyz/TheBreakdownPod Enjoying this content? SUBSCRIBE to the Podcast: https://po...

Bitcoin Spot ETF Approval Incoming? 13.10.2023

Today on The Breakdown, NLW catches up on everything that's NOT the SBF Trial, including promising news on the Bitcoin Spot ETF front, JPMorgan Onyx, and more. Today's Sponsor: Kraken Kraken Pro is the one-stop destination for pro traders - https://k.xyz/TheBreakdownPod Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielw...

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