Can a Solana Phone Beat the Bear?

The Breakdown

Blockworks

Business, Investing

4.8 • 806 Ratings

🗓️ 25 June 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. On today’s episode, NLW looks at two big events: Congress held a committee meeting about the role of the CFTC in regulating and overseeing the crypto industry Solana announced a new crypto-native mobile development stack as well as an Android phone called the Solana Saga - Nexo 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 nexo.io by June 30 and receive up to $150 in BTC. - NEAR 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 NEAR.org. - FTX US 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 FTX.US today. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “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: MR.Cole_Photographer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	They think that the point here is that the discourse is finally evolving to a place where
0:04.2	this is the level of granularity that the conversation is taking place at.
0:08.5	When push comes to shove, we are no longer just in the world of big fuzzy talking points,
0:13.2	whether pro or fud.
0:15.0	The people who are actually involved in making decisions are dealing with things like disclosure
0:19.5	systems in the context of a non-chain environment.
0:22.2	I think that's bullish.
0:24.7	Welcome back to The Breakdown with me, NLW.
0:28.9	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:34.7	The breakdown is sponsored by nexo.io, near NFTX, and produced and distributed by
0:39.9	CoinDesk. What's going on, guys? It is Friday, June 24th, and today we are talking about two
0:47.3	very different topics that both shed some interesting light on the current state of the
0:53.0	crypto industry. Before we get into that,
0:55.4	however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a
1:00.3	review, or if you want to dig deeper into the conversation, come join us on the breakers discord.
1:06.1	You can find a link in the show notes or go to bit.ly slash breakdown pod. Lastly, a disclosure as always. In addition
1:13.1	to them being a sponsor of the show, I also work with FTX. So yesterday was an interesting day
1:19.5	in CryptoLand. The prices have been largely stable, so I think for now we can stay off our
1:25.4	discourse around market bottoms and focus instead on a couple
1:29.2	of different topics. First of all, let's talk about what I thought was going to consume today's
1:33.8	entire show. The Congressional Ag Committee, which has oversight authority with the CFTC, held
1:39.8	a public hearing yesterday called Regarding the Future of Digital Asset Regulation. The witnesses testifying included Vincent McGonagall, who regarding the future of digital asset regulation. The witnesses
	...

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