This episode is sponsored by ,  and .&nbsp; &nbsp; In this edition of the “Weekly Recap,” NLW argues that this week saw the crypto community settling into the bear market. He looks at why both the macro landscape and crypto’s recent string of problems could be the beginning of a longer lull.&nbsp; -  is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at  by June 30 and receive up to $150 in BTC. -  is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at . -  is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at  today. - Enjoying this content? &nbsp; SUBSCRIBE to the Podcast Apple:&nbsp;  Spotify:  Google:  &nbsp; Join the discussion:  &nbsp; Follow on Twitter: NLW:  Breakdown:&nbsp; - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: gece33/Getty Images, modified by CoinDesk. Join the discussion at .

Slouching Toward Crypto Winter

The crypto industry is officially bringing the fight to regulators. Coinbase has filed a motion to dismiss the SEC's lawsuit against them, while the Blockchain Association is arguing that SEC Chair Gary Gensler should recuse himself from all crypto enforcement actions.&nbsp; 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

Crypto Goes On Offense as the Legal Tide Begins to Turn

As the crypto industry takes the fight to the SEC, a reading of  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 Failure of Gary Gensler

Today on The Breakdown, NLW continues coverage of the crypto industry's growing push back against the SEC and overreaching politicians. The show examines the SEC's price-shocking claim on Friday that ETF applications were inadequate, as well as a new motion to dismiss an SEC lawsuit from Bittrex.&nbsp; 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

Crypto Continues Its Pushback on Washington D.C.

On the eve of the July 4th holiday, Gemini's Cameron Winklevoss published an open letter accusing Barry Silbert and DCG of fraud and demanding they accept terms or face litigation. NLW covers the letter and the community's reaction.&nbsp; 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

Gemini's Furious Open Letter Threatens to Sue DCG and Barry Silbert

On Wednesday, July 5th, BlackRock CEO Larry Fink gave an interview on Fox that made clear that the Bitcoin ETF initiative was coming all the way from the top. NLW analyses the community reaction and argues that it's all even more significant than the hype suggests.&nbsp; 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

BlackRock's Larry Fink Gives a Laser-Eyed Bitcoin Interview

Fortune dropped a bombshell on Thursday, reporting that numerous executives had left Binance in a very short period of time. While all those execs tweeted that there was nothing conspiratorial or scandalous in their departures, the community isn't convinced.&nbsp; &nbsp; 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

Binance Execs Race for the Exits

So much for amicable resolution. After publically threatening a lawsuit earlier in the week, Gemini and their co-CEO Winklevoss twins have filed a lawsuit against DCG and Barry Silbert personally around the Genesis bankruptcy and their accusations of fraud.&nbsp; 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

Lawsuit Time! Winklevoss and Gemini Sue DCG and Barry Silbert

A reading of Alex Kruger's thread:  Full report from Asgard Markets  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

Why the Recession Conventional Wisdom is Wrong

Late on Friday, the SEC responded to Coinbase's motion to dismiss the SEC's lawsuit against them. In many ways it's just a rehashing of arguments they've previously made, but the crypto legal core doesn't seem impressed with the SEC's arguments (or caselaw precedent).&nbsp; 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

Lawyers See Weakness in SEC's Response to Coinbase

NLW covers the latest in the Prometheum saga as Senator Tommy Tuberville and a handful of others have sent a letter to SEC Chair Gary Gensler and others asking for an investigation around Prometheum's recent Congressional testimony and their alleged ties to the Chinese Communist Party. Also, is "dox to earn" the new narrative?&nbsp; 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

Slouching Toward Crypto Winter

Nathaniel Whittemore

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