Anatomy of a crypto meltdown
October 2025 brought the most dramatic crypto flash crash of all time, but it was only a dress rehearsal for the systemic crisis the industry is building toward.
Issue 99 – They’ve bought themselves a Congress
Coinbase calls the shots in the Senate, former New York City Mayor Eric Adams faces rug pull allegations, and a crypto executive is breaking up with Trump
Crypto super PACs have hundreds of millions ready to spend on the midterms
With Trump faltering and their policy agenda incomplete, the crypto industry has moved at least $288 million toward the midterms in a desperate bid to keep Republicans in control…
Sam Bankman-Fried’s helicopter parents crash into federal court
SBF praises Trump from prison, his parents beg for a pardon on CNN, and his legal ethics professor mother files court documents claiming to be from him — prompting a judge to…
Issue 95 – The pardon was the payoff
Binance’s Changpeng Zhao earns a gold-plated pardon as other industry figures fund Trump’s $300 million ballroom
Issue 100 – Freedom of all kinds is worth fighting for
As masked agents execute people and terrorize communities, crypto executives who spent years posting about freedom fall conspicuously silent — except when writing checks for the…
Issue 102 – The public will pay
Justin Sun buys his way out of an SEC fraud case, Iranian transactions on Binance draw DOJ scrutiny as the exchange sues the newspaper that reported on them, and crypto super PACs…
Issue 97 – This is hardship
While slumping prices have some fearing it’s crypto winter again, Trump looks to Saudia Arabia and American retail crypto investors to fund the development of his next hotel
Issue 98 – The world’s most corrupt crypto startup operation
Terra’s Do Kwon gets 15 years, crypto banks get the green light, and the Trump family’s crypto grift expands even as one of their treasury companies goes off the rails
The year of technoligarchy
In 2025, Trump brought tech executives into power to dismantle regulators and write their own rules. But the instabilities they’re creating may be their downfall.
Trump says he has “no idea” who he just pardoned
President Trump reacts to condemnations of his recent pardon of Binance founder Changpeng Zhao by claiming he doesn’t know who he is.
Digital asset treasury companies are running out of steam
Convincing traders to pay $2 for $1 of bitcoin worked — for a while. As premiums evaporate, an unwind could be painful.
Issue 96 – Redefining solvency
Sam Bankman-Fried makes his case for a retrial and aspiring crypto banks hit roadblocks
Issue 101 – Bought and paid for
Bitcoin is down 50%, several prominent industry figures have been uncovered in the Epstein files, Trump’s facing a probe into his family’s $500M deal with the UAE, and crypto…
Issue 103 – The President’s Council of Podcasters
Coinbase is accused of holding the cryptocurrency industry hostage over stablecoin rewards, prediction markets face an onslaught of opposition, and a Stand With Crypto poll can’t…