Bored Apes Rally, Canton Raises at $2B and Saylor Raps the Bears | The Breakdown

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 11 May 2026

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

David covers three Monday stories: the NFT mini-revival (Bored Apes doubled in a month), Canton raising $300M at a $2B valuation, and Saylor's AI rap video defending Strategy from “Ponzi” accusations. Enjoy! TIMESTAMPS: (00:00) Intro (01:15) Are NFTs Back? (07:24) Nexo Ad (07:59) Are NFTs Back? (Cont.) (12:06) Canton (16:52) Nexo Ad (17:46) Canton (Cont.) (23:27) Strategy Rap FOLLOW THE SHOW › David — https://x.com/dcanellis › The Breakdown — https://x.com/TheBreakdownBW SPONSORS › NEXO Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at http://nexo.com/breakdown Get top market insights and the latest in crypto news. Subscribe to the Blockworks Daily Newsletter: https://blockworks.co/newsletter/ DISCLAIMER As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

Transcript

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0:00.0	It is Monday, May 11. This is The Breakdown. I'm your host David Canales. We've got a few quick
0:04.0	stories for you this morning to get you ready for the working week ahead in crypto. We are talking
0:10.2	about this morning. Our NFTs back. Bored apes are up. They've doubled in the past month.
0:16.6	And so have some other what we used to call blue chip NFTs. Is the market back?
0:22.0	We're going to find out.
0:23.2	We're also looking at Canton, the institutional focused blockchain, has raised a bunch of money.
0:29.4	It is the institutional super cycle happening right now.
0:33.0	And Canton is the focus point.
0:35.5	We're going to be taking a look at that.
0:36.8	We're also going to be looking at strategy and the cringe that is coming out of
0:42.0	Sailor's Twitter account as he looks to cool heads over the potential for strategy
0:49.1	to actually sell Bitcoin instead of hold it forever.
0:52.8	But without further ado, this is the breakdown. Let's get to it.
1:01.7	This episode is brought to you by Nexto. Step into a new era of digital wealth. Earn interest on your
1:07.0	digital assets, borrow against them without selling and trade all in one platform.
1:11.1	Get started at nexus.com slash breakdown.
1:13.4	All right, first, let's take a look at the NFT market because there was, I think it was a story
1:18.2	in Coin desk or something like that that was chatting with Yudalabs about how they view the
1:22.8	the NFT market.
1:23.9	And basically they were, they were making case that that everything was oversold and that
1:29.4	you know the the the the real material interest below the surface has been percolating ever since which
1:38.1	you know which okay perhaps that and i and i and i overuse the term perhaps that is an over over
	...

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