The Breakdown

The FOMC meeting was without fireworks this week. In spite of the Bank of Canada and the ECB moving to cut rates, the Fed remains focused on staying the course at least for the time being.

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Yes, the title of this episode is real. NLW provides an update on former President Trump's meeting with Bitcoin miners, and then tells the wild story of a DAO, a formerly jailed pharma CEO, and a secret rap album worth millions.

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Yes, they're trying to do it again: sneak a massive expansion of anti-crypto powers into a bill that has nothing to do with crypto. Same play as the 2021 infrastructure bill. This time, however, the crypto political machine is watching much earlier.

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NLW looks at the end of last week where we saw a market shift in traditional and crypto markets. Here's what happened, and why.

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A reading and discussion inspired by

https://blockworks.co/news/end-sec-war-on-crypto

and

https://blockworks.co/news/crypto-regulators-us-global-legislation

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From Bank of Canada rate cuts to Biden's SAB121 veto to Roaring Kitty, NLW and Scott Melker are back with the week's most important news.

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The Bank of Canada has moved to cut interest rates, with the markets pricing in additional cuts throughout the end of this year. Will the US Federal Reserve follow suit or are the two central banks dealing with a fundamentally different set of circumstances?

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ETF's aren't supposed to behave like this. They're not supposed to have a nearly $900m inflow day five months in after the hype has purportedly dissipated. Then again, when did Bitcoin ever do things the way others did?

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In this episode, Keone from Monad and Zon from Initia to discuss the spectrum between modular and integrated blockchain designs. They explore the tradeoffs in decentralization, performance and scalability between the two approaches. They explore AppChains, rollups, composability challenges in modular systems, EVM compatibility, and when to scale blockchains horizontally vs vertically. To close out Keone and Zon also share valuable insights on building Web3 communities organically. Thanks for tuning in!

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(00:00) Introduction

(03:24) Modular vs Integrated

(11:47) Who are Appchains for?

(28:58) Composability in Modular World

(36:15) Monad's Endgame

(39:47) Importance of Decentralization

(48:05) Building Web3 Community

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Disclaimer:

Expansion was kickstarted by a grant from the Celestia Foundation.

Nothing said on Expansion 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. Rex, Jon, and our guests may hold positions in the companies, funds, or projects discussed.

Roaring Kitty is back, and this time he's playing with nine figures. But are the apes content to just watch from the sidelines this time?

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