The Breakdown

While The Breakdown is between seasons, we’re bringing some of our favorite conversations from across Blockworks onto the feed.

In this episode of Forward Guidance, Felix Jauvin sits down with Fed Governor Stephen Miran at DAS to discuss why he believes inflation fears are overstated, why the Fed may still be too restrictive, and how AI, deregulation, and stablecoins could all shape the future of monetary policy.

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TIMECODES

(00:00) Introduction

(02:36) Why Miran Dissented

(05:10) Nexo Ad

(05:44) Looking Through Oil Shocks

(07:32) AI And Deregulation Disinflate

(11:04) The Case For Neutral

(13:26) What Sets Neutral Rates

(17:03) Nexo Ad and Blockworks IR Promo

(18:47) Where “Running It Hot” Narrative Fails

(26:01) Skinny Master Accounts

(28:00) Stablecoins And Dollar Demand

SPONSORS

› NEXO

Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at http://nexo.com/breakdown

DISCLAIMER

Nothing said on Forward Guidance or The Breakdown is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

While The Breakdown is between seasons, we’re sharing a panel from Digital Assets Summit featuring the team behind Inflection Point. The conversation explores how investors should think about crypto valuations, what gives L1s value, and why there’s still no shared framework for pricing blockchain networks.

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Follow Inflection Point: inflectionpoint.carrd.co

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David: https://x.com/dlawant

Michael: https://x.com/marcryptonio

Marc: https://x.com/marcarjoon

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Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at http://nexo.com/breakdown

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

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Timestamps:

(00:00) Introduction

(04:46) Crypto Valuation Models Are Broken

(10:01) Nexo Ad

(10:42) Revenue Isn’t the Answer

(16:23) One Asset Class or Many?

(18:43) Nexo Ad and Blockworks IR Promo

(20:23) Network Effects Need Revenue

(26:03) Blockspace Isn’t A Commodity

(31:20) Institutions Need Intellectual Permission

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Disclaimer: Nothing said on The Breakdown is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Host and guests may hold positions in the companies, funds, or projects discussed.

While The Breakdown is between seasons, we’re sharing a panel from Digital Asset Summit hosted by David. The discussion explores how institutions think about on-chain privacy, the tradeoffs involved, and what it takes to bring financial systems onto blockchain infrastructure.

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Follow Blockworks Research: https://x.com/blockworksres

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Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at http://nexo.com/breakdown

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

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Timestamps:(00:00) Introduction

(00:45) Meet the Privacy Builders

(04:17) What Institutions Want

(08:40) Nexo Ad

(09:17) What Institutions Want (Con’t)

(23:00) Nexo Ad

(23:52) Composability and Compliance

(35:39) Retail vs Institutions Wrap

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Disclaimer: Nothing said on The Breakdown is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Host and guests may hold positions in the companies, funds, or projects discussed.

In this special episode, we introduce Blockworks’ new investor relations platform for onchain businesses.

As institutional capital continues to enter crypto markets, expectations around transparency, standardization, and professionalism are rising. But instead of replicating legacy systems, Blockworks IR takes a different approach, leveraging real-time, onchain data to create a more transparent, data-driven, and low-friction investor relations model.

The platform combines curated analytics, branded investor portals, and white-glove advisory support into a single solution, helping teams tell a clearer, more credible story while giving investors a more efficient way to evaluate opportunities.

Launched at the Digital Asset Summit in New York, Blockworks IR aims to fill a critical gap in the industry. Listen to learn more about the vision behind the product and what it means for the future of investor relations in crypto.

While The Breakdown is between seasons, we’re sharing the full version of a past conversation with Nick Almond. The discussion explores how to think about crypto networks, why common metrics can be misleading, and what actually matters when evaluating activity and value.

Follow Blockworks Research: https://x.com/blockworksres

Follow Nick: https://x.com/DrNickA

Follow David: https://x.com/dcanellis

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Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at http://nexo.com/breakdown

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

—

Timestamps:

(00:00) Introduction

(03:07) Ethereum vs Solana Endgames

(06:18) Nexo Ad

(06:54) Valuation Paradigms and Realism

(14:56) Nexo Ad

(15:47) Decentralization vs Fintech Future

(24:44) Measuring Decentralization

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Disclaimer: Nothing said on The Breakdown is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Host and guests may hold positions in the companies, funds, or projects discussed.