Is Tron Going Public This Cycle's Shark Jump?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 18 June 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's Breakdown, NLW dives into Justin Sun's controversial move to take Tron public on the Nasdaq, signaling a potential peak in the Bitcoin treasury hype cycle. He also explores how escalating tensions between the U.S. and Iran are influencing Bitcoin markets, examines Metaplanet’s rapid ascent among corporate Bitcoin holders, and provides an update on the latest crypto legislation battles in Congress, complicated by Trump's crypto connections. Brought to you by: Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. To learn more, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Grayscale.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ -- ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.4	What's going on, guys? It is Tuesday, June 17th, and today we are talking about Tron's Bitcoin
0:23.6	Treasury Strategy going public in the U.S. Before we get into that, however, if you are enjoying
0:28.6	the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive
0:32.7	deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show
0:36.7	notes or go to bit.ly slash breakdown pod. All right, friends, well, we are talking about a fairly shark jumpy
0:43.1	moment, at least in the estimation of some. But of course, I think that we're going to be doing a fairly
0:47.7	daily update on Bitcoin and market reaction to the ongoing conflict in the Middle East.
0:53.7	Yesterday's price action saw Bitcoin surge as anxious traders fade escalation in the Middle East. Yesterday's price action saw Bitcoin surge as
0:55.9	anxious traders fade escalation in the Middle East. Bitcoin gained 2% during the New York session,
1:01.3	stopping just shy of 109,000 as the stock market closed. It then dived on fresh headlines
1:06.4	that the conflict between Israel and Iran is ratcheting up. At around 5.30 p.m. on the East Coast,
1:11.9	Trump posted, Iran should have signed the deal I told them to sign. What a shame and waste of
1:16.5	human life. Simply stated, Iran cannot have a nuclear weapon. I said it over and over again.
1:22.0	Everyone should immediately evacuate Tehran. The now-deleted post came as Trump left the G7 summit
1:27.4	a day early and directed
1:28.5	White House officials to prepare the situation room for his arrival back in Washington.
1:32.6	French President Emmanuel Macron told reporters at the summit that a ceasefire deal was on
1:36.1	the table. Trump later rejected the idea that he left the summit to work on a ceasefire, posting,
1:41.3	he has no idea why I am now on my way to Washington, but it certainly has nothing
1:44.9	to do with a ceasefire. Much bigger than that. Whether purposely or not, Emmanuel always gets it wrong.
	...

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