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, May 3rd, 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, 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, back with another countdown of the most

important events in crypto this week. We've got some big obvious highlights, CZ being sentenced,

Roger Veer being arrested. We've also got some macro talk. But overall, it does sort of feel like

the beginning of a summer week. Summers around these parts tend to be a little quieter, almost like they're forcing us to go touch grass. And this week had all the hallmarks of that subtlety. It's not the stuff didn't happen, and it's not that the stuff that did happen wasn't important. It just wasn't this blistering, wave you around, smack you up and down kind of importance that we've been used to over the last couple months.

Despite all that, I think there are some super interesting conversations in here.

So without any further ado, let's dive in.

Weird week, man.

It is weird. It's weird. It's sort of not good, not bad. It's just whatever, I guess.

We could have slept through this one.

Yeah, is the whatever a preview of what we get in a post-having cycle summer leading up to an election where everything kind of ramps up in September

and October and it's just extremely boring, confusing, and go touch some grass?

I'm fortunately, I think so. We were just joking.

It's going to be the Friday 1.5 for a couple months.

But you know what?

We are very good at drawing deep meaning out of non-events.

So I'm sure we'll be just fine.

Water from a stone.

Yeah.

Well, let's start drawing it right now.

I think that the first story obviously has to be Powell in general,

...