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The Breakdown

The Five Most Important Stories in Crypto This Week

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 29 June 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

In this week’s Friday Five, NLW unpacks a major shift in crypto policy: Fannie Mae and Freddie Mac have been ordered to treat crypto as mortgage-worthy assets—a milestone in crypto’s integration into mainstream finance. He also covers BIS’s takedown of stablecoins, the surge in Bitcoin dominance, Texas’ new Bitcoin reserve law, and the emerging wave of tokenized stocks and private equity offerings. From macro stabilization to tokenization trends, this episode maps where crypto’s financialization cycle is heading next. 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.

0:09.3

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 Friday, June 27th, 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. All right, friends, back with another Friday 5 here.

0:38.2

I would say this is a pretty medium, newsy summer week, a fair number of important

0:42.3

stories, some things that would have been huge news just six to 12 months ago that are

0:46.1

fairly commonplace now, and all in all, a good ability to sense where the winds are pointing.

0:50.7

So with that, let's get into it.

0:54.0

Big week for Bitcoin last Sunday, we were under 100,000.

0:58.7

We were obviously going to 5 or 10,000 or something much lower.

1:03.0

And then the week ended on Sunday with a much higher price and price pumping throughout the week. We're going to unpack it

1:12.0

all here. Bitcoin really doesn't seem to want to go down. No, no, it's a, I think that it really

1:19.8

loves this $100,000 level. I feel like recently it's decided that 105 is its number and who knows,

1:25.5

maybe we can go a little bit higher from here. Yeah, usually when you get

1:29.4

that kind of sweep of the lows on the chart, you go up and test the highs, I think. So a lot of people

1:33.7

looking for that 110, 112 is sort of the next test, assuming that we get there. Obviously,

1:39.3

all of this coming alongside Trump saying that we have a trade deal with China, the ceasefire in the war,

1:46.4

it seems that we've cleaned up a lot of the macro, at least for now, temporarily.

1:50.5

Yeah, I mean, look, in the time since we were last doing this in the one week,

1:54.4

we had the U.S. enter the war, a ceasefire, a ceasefire that didn't really hold,

1:58.0

and then a ceasefire for real.

1:59.6

And so, you know, I think that part of this is also just, you know, the markets continue

2:04.8

to fade macro events to some extent, you know, like they can't have no reaction, but they're

...

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