This episode is sponsored by, Chainalysis and FTX US.

NLW reviews the key events from August with an eye to how they will shape September and the fall, including:

  • Sanctions
  • The Merge
  • Institutionalization
  • Fundraising
  • Regulation, legislation and enforcement

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: sakchai vongsasiripat/Getty Images, modified by CoinDesk. Join the discussion at