The Breakdown

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.

Business
Investing
376
Bitcoin SMASHES Through $30,000 As Institutiona...
Bitcoin is up above $30,000 and the return of the institutional narrative is driving it. NLW explores the good and bad.  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube:...
13 min
377
Do Kwon Goes To Jail
On this episode of crypto shennanigans, Do Kwon sentenced to four months for fake passport; ZachXBT raises $1M to fight lawsuit; Sam still going on trial in October (despite viral tweets saying otherwise).  Enjoying this content? SUBSCRIBE to...
14 min
378
Does Anyone Care About Tether's Chinese Paper?
On today's episode, NLW looks at the (non) reaction of the crypto community to news that Tether held Chinese bank debt in 2021. The show also covers reactions to the Binance-SEC hearing last week.  Enjoying this content? SUBSCRIBE to the...
14 min
379
Are Memecoins Silly Fun or an Existential Grift?
On Long Reads Sunday, NLW reads by Dr. Paul J. Dylan-Ennis Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the newsletter:...
10 min
380
The Prometheum WTF: Is This an SEC Grift Just t...
This is truly one of the weirdest stories in crypto this year. Today NLW dives deep on Prometheum, a company that only showed up on most people's radar this week when their CEO inexplicably testified before Congress. Was it all a big SEC Grift?...
16 min
381
Is BlackRock's Bitcoin ETF Application A Politi...
World's largest asset manager BlackRock has filed for a Bitcoin spot ETF. They've been approved for 575 out of their last 576 ETF applications. Given that there are no indications that the SEC has changed its tune on spot ETFs, the industry is left...
14 min
382
The Fed Pauses For The First Time In 15 Months ...
For the first time since this hiking cycle began, the Fed has chosen not to raise interest rates. NLW explores how they're trying to control the narrative around it, and what markets think is actually going on behind the scenes.  Enjoying this...
13 min
383
Hinman Emails Show SEC Just Making It Up As It ...
Yesterday three consequential legal events happened. Former SEC officer Bill Hinman's emails were released; the SEC was forced to respond to Coinbase; and Binance had their hearing on the SEC's emergency asset freeze request. NLW covers all of the...
15 min
384
A Massive Day For Crypto in the Courts
Today in Federal Courts: the Hinman docs get unsealed in Ripple vs. SEC; SEC has to respond to Coinbase; and Binance US in court around SEC request to freeze assets. Plus the new #FireGary bill introduced by Congressional Republicans.  Enjoying...
16 min
385
The Altcoin Apocalypse: Understanding Crypto's ...
Late Friday night/early Saturday morning, the crypto markets started puking, with a handful of altcoins crashing by more than 20% in a single 15 minute candle. On today's episode, NLW explores what happened and why.  Enjoying this content? ...
14 min
386
The SEC's Crypto Legal Battles Aren't Easy
On this Long Reads Sunday, NLW reads: - David Z Morris - Michael J Casey Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the...
13 min
387
TradFi Wants To Run Crypto
Operation Chokepoint 2.0 hasn't stopped savvy tradfi investors from smelling an opportunity. This week, revealing and emblematic comments from the leader of Soros' funds show how tradifitional financiers are seeing opportunity in the carnage. ...
13 min
388
A Crypto Custodian Becomes the Latest Casualty
BitGo has agreed to buy Prime Trust as the crypto custodian becomes the latest casualty of the bear market (and the government's assault on the industry). Binance is also pulling fiat rails from the US in advance of their hearing next Tuesday....
10 min
389
Before Suing Them, Gary Gensler Once Offered to...
Binance has alleged that Gary Gensler previously offered to be an advisor to the company. They say that this means that he should recuse himself from any proceedings having to do with Binance. Meanwhile the SEC says, basically, that CZ used Binance US...
12 min
390
The Crypto Community's Defiant Reaction to Gens...
Are we at the SEC Crypto endgame? This week the regulator has sued Binance and Coinbase and made it clear they want crypto gone from America. Unfortunately for them, the industry isn't backing down.  Enjoying this content? SUBSCRIBE to the...
17 min
391
Ban By Enforcement: The SEC Sues Binance and Co...
Yesterday the SEC sued Binance and CZ. Today, the SEC sued Coinbase. As Blockchain Association's Jake Chervinsky put it, it's pretty clear that SEC Chair Gensler is going for a strategy of "banning by enforcement."  Enjoying this content? ...
16 min
392
The Most Important Crypto Bill of 2023
On Friday, the chairs of the House Financial Services Committee and the Agriculture Committee shared draft legislation that is meant to comprehensively deal with the thorniest issues of crypto regulation, including securities-commodities designation....
18 min
393
Bitcoin Prehistory and A Warren Buffett AI Bot
On this week's Long Reads Sunday, NLW reads two pieces by Byron Gilliam: Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the...
14 min
394
DoJ Says SBF's Request to Dismiss Charges Are D...
Today on the Weekly Recap, the latest out of the FTX bankruptcy and Sam Bankman-Fried's request to drop charges, plus Binance out of Australia and the CFTC getting more involved in crypto markets.  Enjoying this content? SUBSCRIBE to the...
11 min
395
Is A Fed Pause (Finally) Coming?
On today's episode, NLW digs into the macro landscape. Specifically he looks at how tightness in the labor market has justified continued Fed tightening, but why the numbers aren't telling as clear a story as they once were.  Enjoying this...
12 min
396
Wait, Crypto Caused the Fentanyl Crisis?!
Today on The Breakdown, NLW looks at the latest assinine argument about crypto from Senator Elizabeth Warren, as well as digging into the finalized debt deal, MiCA and more. Enjoying this content? SUBSCRIBE to the Podcast:...
12 min
397
Is China Coming Back to Crypto?
China's crypto policies appear to be shifting. From bans on trading and mining in 2021 to this year encouraging state run banks to offer crypto companies in Hong Kong banking accounts, a change is in the air. On this episode, NLW looks at a recent Web...
15 min
398
Debt Ceiling Deal Gives Unlimited Debt Till 2025
Today on The Breakdown, NLW wraps up the macro story that has dominated discourse for the last month.  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube:...
14 min
399
Can Bitcoin Avoid the Partisan Curse?
On this episode of Long Reads Sunday, NLW reads by Daniel Kuhn.  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the newsletter:...
11 min
400
The Tornado Cash Lawsuit Advances
Today on The Breakdown, NLW covers: Tornado Cash lawsuit and hack The latest in Ledger The Debt Ceiling debate nears a conclusion Enjoying this content? SUBSCRIBE to the Podcast: Watch on YouTube: Subscribeto the newsletter: Join...
15 min