Crypto's Biggest Funding Deal Ever

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 14 March 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Binance has raised $2B in crypto's biggest ever fundraise. What's more interesting than the dollar amount, however, is the geopolitical implications underlying it. Is it part of a broader Gulf-state realignment? US dollar hegemony through stablecoins? NLW explores. 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

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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 Thursday, March 13th, and today we are talking crypto institutionalization.
0:24.5	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
0:28.3	give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:31.8	come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly.
0:35.8	Well, friends, we have something a little bit interesting today. And that You can find a link in the show notes or go to bit.ly slash breakdown pod.
0:40.6	Well, friends, we have something a little bit interesting today.
0:43.9	And that is that there's not all that much that's interesting today.
0:49.9	In fact, seeing a slate of stories that really isn't a bunch of huge groundbreaking or controversial things is kind of a reminder of just what a whirlwind path we've been on
0:54.1	for the last
0:54.6	few months. Now, there are some important things going on today, including the biggest cryptofunding
0:59.3	round ever. But they all still feel kind of quiet, relatively speaking. And maybe that's not a bad
1:05.2	thing. We're still hovering down in the low 80s, but we're in the green today. Nothing has made us
1:10.7	reevaluate everything we thought about the world in the last 24s, but we're in the green today. Nothing has made us re-evaluate everything
1:11.6	we thought about the world in the last 24 hours. And so with that, let's get into this slate of
1:16.2	stories, starting with finance raising $2 billion, the largest ever crypto financing deal
1:22.2	from MGX, which is the Abu Dhabi-based state-owned tech investment firm. This deal really is historic from a number
1:29.1	of angles. It's the first time MGX has invested in the crypto industry, until now they've been
1:34.2	focused on AI, taking stakes, for example, in OpenAI and Elon Musk's XAI. This is also the first
1:40.6	time Binance has taken outside money from institutional investors.
1:48.5	We don't know a ton about Binance's ownership, but it's pretty well presumed that the shares of the company are mostly held by founder Z.
	...

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