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.


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Business
Investing
926
The Battle Around Three Arrows Capital
This episode is sponsored by , , and .   On today’s episode of “The Breakdown,” NLW looks at the latest in the battle involving toppled former crypto giant hedge fund Three Arrows Capital, including accusations from liquidators the...
16 min
927
Elon Pulls Out
This episode is sponsored by , , and .   After months of dithering, Elon Musk announced last Friday he would officially be pulling out of his deal to acquire Twitter for $44 billion. He cited as his reason a lack of transparency or clarity...
16 min
928
Can DAOs Do More Than Coordinate Money?
This episode is sponsored by , and .    On this week’s “Long Reads Sunday,” NLW reads and discusses:   “” by Parker McCurley “” by Simon Yu    - is a security-first platform where you can buy, exchange and...
15 min
929
After Prime Minister Boris Johnson Resigns, Are...
This episode is sponsored by , and .    After years of what many would consider hostility to the industry, the British government did a major about-face in April when Chancellor of the Exchequer Rishi Sunak announced the country’s...
14 min
930
The Wall Street Journal Calls Out SEC Chairman ...
  This episode is sponsored by , and .    The crypto industry hasn’t been particularly pleased with the SEC under Gary Gensler. In particular, the continued rejections of bitcoin spot ETFs (even after a futures ETF was approved last...
17 min
931
Should the People Making Crypto Policy Own No C...
This episode is sponsored by , and .    The U.S. Office of Government Ethics released rules this week that executive branch staffers who owned crypto would not be allowed to work on any crypto-related regulation. NLW explores the pros and...
17 min
932
The Dollar Wrecking Ball
This episode is sponsored by , and .    On today’s episode, NLW digs into the idea of the U.S. dollar as a global wrecking ball, and explores why the dollar is the strongest it has been against other currencies in 20 years. As part of...
15 min
933
Why Argentina Is Paying a Premium for Stablecoins
This episode is sponsored by , and .    On today’s episode, NLW looks at a number of crypto events from the long weekend, including:  Why Argentines flooded into stablecoins and drove the price of tether above $1 over the weekend...
16 min
934
After Bitcoin Maximalism
This episode is sponsored by , and .    On this week’s “Long Reads Sunday,” NLW reads and reflects on Nic Carter’s “.” - is a security-first platform where you can buy, exchange and borrow against your crypto. The company...
21 min
935
June Was Bitcoin’s Worst Month Ever
This episode is sponsored by , and .    On the “Weekly Recap,” NLW looks at:  The progress around two major European crypto regulation frameworks. The latest in Three Arrows Capital crypto contagion.  Issues in the mining...
14 min
936
Powell: “How Little We Understand About Inflation”
This episode is sponsored by , and .    On today’s episode, NLW looks at:  Fed Chair Jerome Powell’s comments on inflation at the ECB conference. The latest recession indicators.  Manufacturing declines.  Turmoil in the...
16 min
937
Grayscale’s Legal Battle Against the SEC
This episode is sponsored by , and .    Late Wednesday, the U.S. Securities and Exchange Commission rejected Grayscale’s proposal to convert the Grayscale Bitcoin Trust to a spot bitcoin exchange-traded fund (ETF). Within minutes,...
18 min
938
A Primer on Bitcoin’s Lightning Network
This episode is sponsored by , and .    On today’s episode, NLW gives a 101-level overview of the Lightning Network, including where it came from, how it works, and who is building on it.  - is an all-in-one platform where you can...
13 min
939
Alex Gladstein on Why Human Rights Activists Do...
This episode is sponsored by , and .    NLW is joined today by Alex Gladstein, chief strategy officer of the Human Rights Foundation. They discuss the Oslo Freedom Forum, the human rights use case for Bitcoin and what Alex is excited about...
26 min
940
The Battle for Self-Hosted Wallets
This episode is sponsored by , and .    On today’s episode, NLW explores the ongoing policy debate around “unhosted” (or, as crypto users call them – “self-hosted”) wallets, looking at MiCA legislation in Europe, an updated...
14 min
941
Putin Weaponizes Inflation
This episode is sponsored by , and .    On this week’s “Long Reads Sunday,” NLW builds off of Stack Hödler’s on a recent Putin speech to examine the Russian leader’s weaponization of inflation.  - is an all-in-one platform...
15 min
942
Slouching Toward Crypto Winter
This episode is sponsored by , and .    In this edition of the “Weekly Recap,” NLW argues that this week saw the crypto community settling into the bear market. He looks at why both the macro landscape and crypto’s recent string of...
17 min
943
Can a Solana Phone Beat the Bear?
  This episode is sponsored by , and .    On today’s episode, NLW looks at two big events: Congress held a committee meeting about the role of the CFTC in regulating and overseeing the crypto industry Solana announced a new...
16 min
944
Powell Finally Talks Recession
This episode is sponsored by , and .  For the past two days, Federal Reserve Chairman Jerome Powell has been testifying on the Hill before both committees in the Senate and House. One of the most pointed discussions has been around the...
16 min
945
Is Miner Selling Contributing to Bitcoin's Pric...
  This episode is sponsored by , and .    On today’s episode, NLW looks at the state of bitcoin miners’ balance sheets. Specifically, he looks at increased selling of bitcoin over the past few months, and to what extent it has to...
17 min
946
How Real Is This Relief Rally?
This episode is sponsored by , and .    On today’s show, NLW explores the discussion around the bitcoin relief rally of the last two days, following the crash last Friday and Saturday. Some think that there are a plethora of bottom...
16 min
947
How Much of the Market Meltdown Is Macro vs. Cr...
This episode is sponsored by , and .  The crypto market just went through one of its most turbulent and brutal weekends in recent memory. In today’s episode, NLW looks at how much the broader downturn as well as these more recent moves are...
17 min
948
The Importance of an Open Metaverse
This episode is sponsored by , and .    On this “Long Reads Sunday,” NLW reads a thread from Punk6529, “.” - is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the...
15 min
949
Why Coin Center Is Suing the US Government
This episode is sponsored by , and .    On this edition of the “Weekly Recap,” NLW looks at two stories from the past week in crypto. The first is advocacy group Coin Center’s lawsuit against the U.S. Treasury Department and the IRS...
18 min
950
US Recession Odds Surge Over 70%
This episode is sponsored by , and .    Yesterday, the Federal Reserve increased the target Federal Funds rate by 0.75% – the biggest increase since 1994. While the markets initially popped on the news, stocks subsequently tanked and...
17 min