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 nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk.

What's going on, guys? It is Saturday, February 26th, and that means it's time for the weekly recap.

However, before we get into the show, if you are enjoying the breakdown, please go subscribe to it,

give it five stars, leave a nice review, or if you want to to get deeper into the conversation, come join us at the Breakers Discord. You can find a link in the show notes or go to bit.combeckdown pod. Also, as always, a disclosure. In addition to them being a sponsor of the show, I also work with FTX. So what we're going to do today is go quickly

through a set of stories from the crypto space that were pushed out of focus, obviously, by

bigger geopolitical events. And then we're going to come to a main question, which is whether

Bitcoin can stay bipartisan. Let's start, however, back a week ago on Friday night when everyone started

freaking out because they were discovering that their NFTs on OpenC were gone. For a number of hours,

there was a real fog around what was going on. Was it a smart contract exploit? Was it some sort

of hack? When the dust settled, it was a fishing attack that had gotten a bunch of users to press a button that they shouldn't have, which allowed attackers to exploit and

steal their NFTs. This produced an extremely tense weekend with recriminations flying and

the blame game all over. But I think the main takeaway and the thing that I want to point out,

and I'm drawing attention to is that this is

absolute catnip for regulators in particular who say that this space is not ready for the mainstream,

that investors are not well protected. And look, there's always going to be a higher burden on

the individual in the context of an industry that is fundamentally about a self-sovereign

technology. There's no way you're escaping more potential for human error. However, it makes

security literacy even more important because we just can't give people that sort of ammunition

when they want to stop or malign what we're doing.

Speaking of giving people less ammunition, we had the latest Tether Reserve attestation.

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