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The Breakdown

Bitcoin's Brutal Crash: The Five Most Important Stories in Crypto This Week

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8786 Ratings

🗓️ 1 March 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

NLW and Scott Melker discuss the most important stories in crypto, including the painful market reset, the response to the Bybit hack, and much more. Sponsored by: Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on Ledger.com. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

Click on a timestamp to play from that location

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, February 28th, and that means it's time for the Friday

0:22.7

5. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,

0:27.2

give it a rating, give it a review, or if you want to dive deeper into the conversation,

0:30.3

come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash

0:34.2

breakdown pod. Hello, friends, back with another Friday 5 this week, and obviously the main

0:39.3

topic of conversation is the bloodbath and markets out there. Melker and I discuss how much this is

0:45.2

about macro conditions and volatility and tariffs versus reflects things that are going on inside

0:50.7

crypto itself. Lots to dig into, so with no further ado, let's dive in.

0:56.6

You can like the show, but you don't have to like the market. Going to bring on NLW right now.

1:02.3

The one thing I do like, as I said to you right before the show, is that I am not at Eith, Denver,

1:06.0

because that seems like the worst place on Earth you can possibly be right now. Yeah. Yeah. I mean, I guess

1:11.5

there's probably a lot of places that have open bars and stuff at night. So there's some upside.

1:16.5

But beyond that, I don't know, man. Drink away those sorrows, man. First, listen, it's the Friday

1:21.3

five. We review the biggest stories of the week. But there's one that just hit that's an honorable

1:25.1

mention that has nothing to do with crypto that just had me laughing so I got to bring it up.

1:29.6

Citigroup mistakenly credits customer account $81 trillion in near miss.

1:34.3

So they're supposed to this person who's supposed to get $280.

1:38.0

And Citigroup, just small rounding error threw $81 trillion into this person's account,

1:43.0

which begs the question, how do you make

1:44.8

a mistake like that?

...

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