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.

What's going on, guys? It is Friday, August 30th, and that means it's time for the Friday

5. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

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Slay slash breakdown pod. All right, friends, welcome back to another Friday 5.

This was a surprisingly consequential week,

with lots of the news being about big epical issues

that could have serious implications down the line.

In the background, there was a bunch of ongoing institutional adoption,

but this is definitely a week to talk about big ideas.

And so let's dive in.

There's some huge stories this week. It was a bit hard to find five really impactful stories,

but they all seem to have sort of the same vibe. They're really concentrated. I mean,

if we were going to have an honorable mention, there are about a million little world just keeps moving on for the crypto industry stories. There's like a Bitcoin hedge fund that launched and, you know, a bunch of institutional news, but it's all small stuff. It's all not big stuff. But for those of you who want to peel back kind of this crazy things, there's definitely a, there's a sort of new normalcy around

institutional engagement with crypto that's just sort of quietly going on in the background.

I'm sure we'll have context to talk about it in future weeks, but obviously that wasn't

the big story this time. Yeah, I agree. There's a groundswell and it's become normalized that

we just get these huge institutions participating. Even the Morgan Stanley news a few

weeks ago kind of came and went. And even a year ago, that would have been the story of the year.

I think that BlackRock's involvement and all the other institutions have just made it sort of

...