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 Wednesday, May 8th, and today we are talking about grayscale

withdrawing their Ethereum ETF application. Before we get into that, 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 dive deeper into the conversation, come join us on the Breakers Discord. You can find a link

in the show notes or go to bit.ly slash breakdown pod. Hello friends. Well, if you have been on Twitter or LinkedIn, you might have

noticed a big announcement. TLDR, the breakdown is moving over into the world of Blockworks.

Yes, blockworks have acquired basically the entire crypto part of the breakdown network.

That means this show, the associated YouTube channel, Twitter accounts, etc., are all moving

over into the Blockworks family, as is Bitcoin Builders, which will have some announcements

about reboots on that coming soon.

And for me, I've known the Blockworks guys for a really long time.

We've always had sort of an ongoing conversation about ways to potentially collaborate.

And especially recently, I've really wanted the breakdown to be in a house where there was even

more energy and excitement being poured into growing it and developing it and thinking about

new extensions of it, and Blockworks is just a perfect place for that to happen.

Now, this deal did not include the AI breakdown, that remains independent, although now

repped by Eric Torrenberg's Turpentine, and renamed the AI Daily Brief. And importantly,

when it comes to what you can expect from the show, it's basically more of the same but better.

I'm continuing to host. There's no plans to change that. There's just a lot more context now

to explore some exciting new ways to come at the show. So that's the announcement. Like I said,

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