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 Saturday, April 20th, and that means it's time for the weekly recap.

Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,

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Slash breakdown pod. Well, friends, usually at this time we have an episode

that is a live discussion with me and Scott Melker about the most important stories that happened in

crypto that week. This week, however, Scott was like so many others in the crypto space, paddling

his way through token 2049 in Dubai, and so I decided that I would do my own version of the show,

so this will be the five most important events that happened in crypto this week,

counted down, based entirely subjectively on my opinions.

Let's do two honorable mentions to start.

The first is, well, let's call it a bunch of stuff that happened with Binance.

The first is that they are trying to pay a fine in India and re-enter that market.

As per local sources, that fine seems to be around $2 million, but it might end up being larger.

Binance were initially banned after the government claimed non-compliance with AML,

as well as not paying a 1% transaction tax on trading volume. No timeline on when

Binance expects to return. What we know so far is just that they are engaging with local

authorities in an effort to come back. Notably, India was a huge market for Binance. It has one of

the largest per capita adoption rates in the world. And before they were banned,

Binance accounted for around 90% of local market share,

...