The Breakdown

Do Kwon, sentenced to four months for fake passport, discusses his recent arrest and sentencing. The podcast also covers a defamation lawsuit against ZachXBT and updates on Sam's trial and extradition. There is a discussion on the high costs and slow progress in bankruptcy proceedings.

On today's episode, NLW looks at the (non) reaction of the crypto community to news that Tether held Chinese bank debt in 2021. The show also covers reactions to the Binance-SEC hearing last week.  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto 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/BreakdownNLW

This podcast explores the negative implications of pumping valueless tokens and the exploitative behavior of grifter influencers. It suggests humorous punishments for offenders and discusses the paradox of permissionlessness in blockchain communities. The concept of a citizens assembly in the Ethereum community is introduced, promoting responsible behavior. The importance of community defense mechanisms in shaping the crypto space is highlighted.

This is truly one of the weirdest stories in crypto this year. Today NLW dives deep on Prometheum, a company that only showed up on most people's radar this week when their CEO inexplicably testified before Congress. Was it all a big SEC Grift? Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto 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/BreakdownNLW

World's largest asset manager BlackRock has filed for a Bitcoin spot ETF. They've been approved for 575 out of their last 576 ETF applications. Given that there are no indications that the SEC has changed its tune on spot ETFs, the industry is left asking: what does Larry Fink know that we don't? Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto 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/BreakdownNLW

The podcast discusses the Fed's decision to pause interest rate hikes for the first time. It explores conflicting economic projections, market reactions, and concerns about inflation and credit tightening. The Fed's cautious approach and belief in achieving a soft landing are also mentioned.

Yesterday three consequential legal events happened. Former SEC officer Bill Hinman's emails were released; the SEC was forced to respond to Coinbase; and Binance had their hearing on the SEC's emergency asset freeze request. NLW covers all of the important details.  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto 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/BreakdownNLW

Today in Federal Courts: the Hinman docs get unsealed in Ripple vs. SEC; SEC has to respond to Coinbase; and Binance US in court around SEC request to freeze assets. Plus the new #FireGary bill introduced by Congressional Republicans.  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto 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/BreakdownNLW

The podcast discusses the recent Altcoin Apocalypse in the crypto market, including the impact of regulatory uncertainty, delisting of certain coins by Robinhood, SEC's lawsuits against Binance and Coinbase, movement of Binance's reserves, market makers and liquidity, and the speculation about criminal charges and negative sentiment surrounding regulators.

On this Long Reads Sunday, NLW reads: The New Crypto Bill Gary Gensler Doesn’t Want You to Know About - David Z Morris The SEC Has Started an All-In Political Battle Over Crypto - Michael J Casey Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto 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/BreakdownNLW