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
776
The Supercycle Is Dead: Welcome to Goblintown
This episode is sponsored by , and .    On today’s episode, NLW analyzes community sentiment as bitcoin and ether have their most protracted, continuous downturns of all time and while consumer sentiment in traditional markets hits...
16 min
777
As the Market Slinks Down, It's Time to Touch G...
This episode is sponsored by , and .    Today on “The Breakdown,” NLW explores the macro set-up, including Fed unanimity on two 50 basis point rate hikes in June and July followed by optionality at the September FOMC meeting. He also...
17 min
778
OCC: ‘No Contagion’ Post-Terra Collapse
This episode is sponsored by , and .  On today’s episode, NLW covers: Acting Comptroller Michael Hsu’s comments on systemic risk in crypto following Terra South Korean authorities’ push for answers USDC on Ethereum flippens USDT on...
15 min
779
Oslo Freedom Forum and Why Bitcoin Matters
This episode is sponsored by , and .    On today’s episode, NLW looks at a number of topics from across the crypto space and wider economy, including: New Fed data about the percentage of Americans using crypto.  Wall Street’s...
16 min
780
What Davos Man Thinks of Bitcoin and Crypto Thi...
This episode is sponsored by , and .    On today’s episode of “The Breakdown,” NLW previews two things happening this week: First, hope from the markets that slightly dovish comments from the Fed might prompt a relief rally. ...
17 min
781
Could Local Digital Currencies Improve Communit...
This episode is sponsored by , and .    On this week's “Long Reads Sunday,” NLW reads “.” - is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs...
17 min
782
5 Key Takeaways From a16z's State of Crypto Report
Venture giant Andreessen Horowitz (a16z) recently published its inaugural "State of Crypto" report. In this edition of the “Weekly Recap,” NLW looks at five key takeaways from the research as well as UST-luna investor postmortems.  - is a...
16 min
783
Travis Kling on Why a Decentralized Web 3 Is Wo...
This episode is sponsored by , and .    On today's episode, NLW is joined by Travis Kling, co-founder and chief investment officer at Ikigai Asset Management. They discuss Ikigai's just-announced $30 million Web 3 fund, and what got Travis...
58 min
784
Tether’s Reserve Attestations: Commercial Paper...
This episode is sponsored by , and .    Tether has released its Q1 reserve attestations. On today’s episode, NLW covers what many in the industry are seeing as positive shifts. He also looks at some recent regulatory news, including the...
14 min
785
Capital Flight or the Seeds of the Next Cycle?
  This episode is sponsored by , and .    Today on “The Breakdown,” NLW covers a number of signals suggesting institutional buyers are leaving the crypto space. At the same time, he looks at new corporate engagement and Web 3...
16 min
786
New Data Shows Underground Bitcoin Mining Thriv...
  This episode is sponsored by , and .    On today’s episode of “The Breakdown,” NLW looks at new bitcoin mining data from the Cambridge Centre for Alternative Finance. Surprisingly (or unsurprisingly, depending on whom you ask),...
17 min
787
What Happened to the Luna Foundation Guard’s Bi...
This episode is sponsored by , and .  The Luna Foundation Guard (LFG) was created to build a bitcoin collateral backstop for the UST stablecoin. As UST began to lose its peg, the LFG’s BTC started to move. Firms like Elliptic were able to...
16 min
788
How Should Washington Regulate Stablecoins?
This episode is sponsored by , and .  On today’s “Long Reads Sunday,” NLW features:   by Spencer Noon by Jake Chervinsky  - is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in...
14 min
789
Weimar Luna and the Maginot-Saylor Line
This episode is sponsored by , and .  On this edition of the “Weekly Recap,” NLW looks at LUNA’s hyperinflationary death, as well as where market participants are placing their bets for more bear market challenges.  - is a secure...
17 min
790
Jeremy Allaire on the Regulatory Fallout After ...
This episode is sponsored by , and .  Jeremy Allaire is the CEO of Circle, a leader of the USDC consortium. In today’s episode, he and NLW review the state of the stablecoin discussion among U.S. regulators before the implosion of UST and...
23 min
791
Inflation Plateaus, but Now Markets Fear Recession
This episode is sponsored by , and .  For the first time in eight months, the year-over-year rate of inflation did not increase in April. In March, headline inflation hit 8.5% while last month that number came down slightly to 8.3%. Still,...
17 min
792
Après Terra, le Déluge
This episode is sponsored by , and .  For those interested, here is the famous phrase referenced in the title: https://en.wikipedia.org/wiki/Apr%C3%A8s_moi,_le_d%C3%A9luge Today, NLW follows up Tuesday’s primer on the UST-LUNA story with a...
20 min
793
Meltdown Monday and the Great De-Pegging
This episode is sponsored by , and .  Yesterday was one for the history books. NLW discusses the shifting macro setup as markets start to move from concern around inflation to concern around recession. The bulk of the episode is spent on the...
19 min
794
The IMF and California Chart Different Courses ...
This episode is sponsored by , and .  One of the key themes in the bitcoin () and crypto industry in 2022 is engagement from governments and the key financial institutions of the existing monetary system. Today, NLW examines two different...
16 min
795
The Importance of Politically Neutral Money
This episode is sponsored by , and .  On this week’s “Long Reads Sunday,” NLW reads:   - JP Koning - Daniel Kuhn - is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap...
15 min
796
Otherside and the Rise of the Bored Apes
This episode is sponsored by , and .  It’s only been a year since people were able to mint a bored looking ape NFT for about $200. But in that year, the company behind the Bored Ape Yacht Club has recruited celebrities, raised hundreds of...
16 min
797
The Transformation of Everything, feat. Vance S...
This episode is sponsored by , and .  In today’s interview, NLW talks with Vance Spencer, co-founder of Framework Ventures and Framework Labs, about DeFi, crypto investing, the social disruption of play-to-earn, blockchain gaming and...
53 min
798
Wait, Was the Fed Meeting Dovish or Hawkish?
This episode is sponsored by , and .  Today on “The Breakdown,” NLW looks at this week’s FOMC meeting. The Fed increased the Federal Funds Rate target by the anticipated 50 basis points, but most of the discussion was about comments from...
12 min
799
Crypto Politics Heats Up In Advance of the Midt...
This episode is sponsored by , and .  Today on “The Breakdown,” NLW looks at a set of stories relating to crypto’s place in the political discourse, including: SEC increasing enforcement staff  Bitcoin Mining Council letter to the...
16 min
800
Paul Tudor Jones: 'It's Hard Not to Want to Be ...
  This episode is sponsored by , and .  On today’s episode, NLW previews the upcoming Fed meeting through the lens of a CNBC interview with billionaire hedge funder Paul Tudor Jones. Jones characterized this as one of the most challenging...
17 min