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, June 7th, and that means it's time for the Friday 5. Before we get into that, however, if you were 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. Happy Friday, everyone. Today we are back with another Friday 5 recorded live with me and Scott Melker.

This morning, Friday, June 7th, we're counting down the top five stories in crypto this week,

although as you'll see, some of its macro, some of it's about roaring kitties.

It's a fun one, so without further ado, let's dive in.

Man, I've been absent.

Sorry about that.

Hope you're doing well on this Friday.

Yeah, well, I came back from consensus with COVID, pretty standard.

I have like a 50% COVID hit rate at crypto conferences.

Sorry to hear that that happened, but that happened to me in Singapore.

It happened to me in Bitcoin Miami the first time I got COVID and one other, I think. It's pretty much a guarantee. Par for the course. Yeah, what are you going to do? Yeah, definitely par for the course. I mean, listen, before we get into the stories, obviously, we got Bitcoin trading around $71,000, which is great, flat on the 24 hour. But I think the story, as an honorable mention,

is that it was $72,000 right before the job report hit this morning.

A smashing job report on the first numbers,

which when you're living in the upside down,

means less chance of rate cuts and sell everything.

Right?

So we have an immediate sell-off in Bitcoin and other assets,

down $1,000 in a matter of seconds

because they had estimated 185,000 jobs and they added 272. But then really quickly,

people actually read the report and saw that unemployment had ticked up from 3.9% to 4%,

...