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 Wednesday, August 21st, and today we have a late summer

crypto grab bag. 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. Well, friends, today we finally have the type of day that usually is pretty normal in the summer,

where there's sure lots of little things going on, but no big, huge commanding story.

Now, of course, this summer has been very different, given all of the political intrigue

around the U.S. presidential elections and the

role that crypto has started to play in those areas. But like I said, today we have a little bit more

of just a check-in on a bunch of different stories at various levels of interest and intrigue,

which will hopefully get you caught up on some of the other news that we maybe have not covered

as much given, like I said, the political stuff that's been going on.

So where we kick off is with more Mount Gawks distribution.

Mount Gok's wallets are on the move again with what appears to be a further 700 million in bankruptcy distributions.

Last night, 12,000 Bitcoin were sent to an unknown wallet presumed to be linked to BitStamp.

This is the first movement of coins in three weeks, when around

$2.3 billion worth of Bitcoin was sent to a wallet suspected to belong to Bitco. Mount Cox balance

is now stand at 46,000 Bitcoin worth around $2.7 billion. That means around 70% of

Mount Cox Bitcoin has been distributed since repayments began in early July, a little over $6 billion

worth. Individual creditors signed up with Cracken now

...