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 Tuesday, March 4th. And today we are doing a grab bag, everything

from day two reserve takes, to a bipartisan group coming together to fight for crypto policy,

to the SEC dropping more lawsuits. Before we get into that, however, if you're 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, obviously the big discussion continues to be the strategic crypto reserve,

and while there was much acrimony going around as you got from yesterday's episode,

it seemed at least that markets were enjoying the news.

Alas, the rally was snuffed out just as quickly as it began.

Monday saw Bitcoin retrace the entire move trading back down at 83,000.

Solana is now trading below its weekend price level after pulling back by 20%.

XRP has also fully round-tripped,

with CryptoQuant reporting record levels of selling from Ripple Wales. Cardano is holding up a little

better, but was also down over 25% on the day. And if you were thinking that this was just an exit

pump for insiders, well, the price action lends a lot of credence to that idea. Quinn Thompson

and the CIO of Lucker Capital

wrote, you guys sold the glaringly obvious low liquidity weekend crypto scam exit pump into a bearish retest

area, right? Quantian tweeted, Bitcoin has retraced the entire move since Sunday. Time to announce

another strategic reserve, I guess. Paula Macro commented, I don't think people fully appreciate the news failure today in crypto following the Trump

and dump. It makes you wonder if Trump tweets about stocks will people buy or sell.

...