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
926
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
927
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
928
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
929
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
930
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
931
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
932
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
933
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
934
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
935
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
936
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
937
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
938
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
939
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
940
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
941
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
942
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
943
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
944
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
945
The Fed vs. VC: What’s Driving Crypto Short-Ter...
This episode is sponsored by , and .  In the short term, crypto is firmly a part of the larger macro cycle driven by the Fed’s fight against inflation. In the long term, however, there is much evidence that the market downturn won’t be...
17 min
946
Why Elon Musk Should Airdrop a New Twittercoin ...
This episode is sponsored by , and .  Today on “Long Reads Sunday,” NLW reads Balaji Srinivasan’s “.”  - is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between...
15 min
947
The US Economy's Declining GDP Surprise
  This episode is sponsored by , and .  On this edition of the “Weekly Recap,” NLW looks at the surprise GDP decline in the U.S., as well as wraps up other stories from the macro environment, regulatory sphere and around institutional...
14 min
948
What the Archegos Arrests Tell Us About the Fin...
This episode is sponsored by , and .  Bill Hwang is no stranger to law enforcement around financial crimes. In 2012 he settled an insider trading and market manipulation case involving Chinese stocks. Last year, he jumped back in the headlines...
21 min
949
Bitcoin Is Coming to Your 401(k)
This episode is sponsored by , and .  Today on “The Breakdown,” NLW looks at the institutional side of the crypto industry, focusing on:  A fascinating new sentiment survey from Bitstamp Fidelity’s plans to add bitcoin to 401(k)...
15 min
950
It’s Official: A Second Country Has Made Bitcoi...
This episode is sponsored by , and .  It’s another global crypto adoption and regulation roundup, led by confirmation that the Central African Republic is moving to make bitcoin legal tender, alongside the CFA franc. NLW looks at why this is...
16 min