This episode is sponsored by Nexo, Arculus, and FTX US.

On this edition of the “Weekly Recap,” NLW looks at:

  • a new valuation for Circle
  • a new token fund from Sequoia
  • The FBI’s new crypto enforcement division
  • ConocoPhillips partners with bitcoin mining to reduce flaring

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Photo by Andrew Burton/Getty Images News, modified by CoinDesk. Join the discussion at