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Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by nexus.com, chain aliasis, and FtX, and produced and distributed by CoinDes.

What's going on, guys? It is Saturday, July 23rd, and instead of our normal weekly recap,

we are rounding out midsummer macro with Chow Wang. Before we get into this conversation,

however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dig deeper into the conversation, come join us on the breakers discord. You can find a link in the show notes or go to bit.lea slash breakdown pod. Also, a disclosure, as always, in addition to them being a sponsor of the show, I also work with FTX. So for this final episode of this mini-series on

Mid-Summer Mecro, I am excited to welcome back returning guest Chow Wang. Chow has done a ton in

the crypto space, with his most recent contributions focused around Alliance Dow. Alliance is an

accelerator slash startup mentorship program that works with companies in

DFI, DOS, NFT, infrastructure, and more.

Full disclosure, I am also an investor in Alliance, but much beyond his work in that front,

...