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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Investing
976
The European Union vs. Self-Hosted Crypto Wallets
This episode is sponsored by , and .   The EU Parliament today voted to advance new anti-money laundering (AML) rules that would require European crypto asset service providers to collect and verify information about the beneficial owners of all...
17 min
977
The Market Indicator Flashing ‘Recession’
This episode is sponsored by , and . Since 1955, every U.S. recession has been preceded by the inversion of the U.S. Treasury yield curve, meaning that short-dated notes had higher yields than long-dated bonds. Only one time during that period was...
16 min
978
Why Is Bitcoin Going Up?
Enjoying this content?   SUBSCRIBE to the Podcast Apple:  Spotify: Google:   Join the discussion:   Follow on Twitter: NLW: Breakdown: 
17 min
979
Bitcoin’s Allies in the US Senate Are Increasing
This episode is sponsored by , and .   On today’s episode of “The Breakdown,” NLW looks at the news that long-time Bitcoin advocate Sen. Cynthia Lummis (R-Wyo.) is now working with Sen. Kirsten Gillibrand (D-N.Y.) on what aspires to be...
19 min
980
Post-Modern Monetary Theory
  On this edition of “Long Reads Sunday,” NLW reads two macro-themed Twitter threads.   Sam Bankman-Fried: Lyn Alden:   - Take your crypto to the next level with . Invest and swap instantly, earn up to 20% APR on your idle assets...
17 min
981
BlackRock’s Larry Fink Says Ukraine Conflict Co...
This episode is sponsored by , and .    On this edition of the “Weekly Recap,” NLW looks at recent comments from the leader of the world’s largest asset manager on Ukraine and digital currencies, as well as other important updates...
14 min
982
Inside China and Russia's Battle Against the US...
This episode is sponsored by , and .    NLW explores how the global monetary order is shifting. Specifically, he looks at Putin’s demand that Russian energy now be paid for in rubles, as well as the growing discussion between Saudi Arabia...
17 min
983
The Fed’s Powell Is Getting More Hawkish as Mar...
his episode is sponsored by , and .  On today’s episode, NLW takes a tour of recent macro sentiment, focusing on the shifting tone coming out of the U.S. Federal Reserve. In speeches and interviews this week, Fed Chair Jerome Powell made it...
16 min
984
Florida to Accept Bitcoin for Taxes?
This episode is sponsored by , and .    Today NLW looks at global crypto news, including: El Salvador’s bitcoin bond delay.  Florida Governor DeSantis’ comments about accepting crypto for taxes. New York moves forward with a...
16 min
985
How Ray Dalio’s ‘Changing World Order’ Thesis F...
This episode is sponsored by , and .    Today on “The Breakdown,” NLW looks at the latest institutional moves into crypto, including an over-the-counter (OTC) transaction between Goldman Sachs (GS) and Galaxy (the first of its kind with...
16 min
986
Why the IMF Is Pressuring Argentina to Discoura...
This episode is sponsored by , and .    As many in geopolitics and economics try to understand how the world global order is shifting in the wake of Russia’s invasion of Ukraine and the resulting sanctions (see ), one battleground is the...
17 min
987
The Transformation of Money
This episode is sponsored by , and .  On this edition of “Long Reads Sunday,” NLW reads two threads from Alex Gladstein that summarize big-think discussions on the history and future of money. The first is a summary of Luke Gromen’s...
14 min
988
How the Sanctions Hearing Helped Democratic Sen...
This episode is sponsored by , and .  On this edition of the “Weekly Recap,” NLW discusses a set of regulatory discussions happening around crypto this week, including: A letter from eight congressmen asking the SEC for clarity around its...
16 min
989
Culture vs. Commerce? The Upheaval of Apes Buyi...
This episode is sponsored by , and .    On today’s episode, NLW goes deep on the implications of Bored Ape Yacht Club’s parent company Yuga Labs buying CryptoPunks IP. Specifically, he focuses on the community’s questions of commerce...
15 min
990
How Markets Are Interpreting the Fed’s First Hi...
This episode is sponsored by , and .  Wednesday, the U.S. Federal Reserve increased its benchmark interest rate for the first time since 2018. This came despite an increasingly volatile economic landscape that includes the fallout from...
15 min
991
Big Banks Are Entering the Metaverse
This episode is sponsored by , and .    On today’s episode, NLW looks at recent crypto industry news, including:  Yuga Labs’ purchase of CryptoPunks and Meebits A leak deck about Yuga’s metaverse ambitions HSBC becomes the first...
18 min
992
The Potential Consequences of a New China COVID...
This episode is sponsored by , and .    Over the past few weeks, China has instituted partial or full lockdowns in Shanghai, Jilin, Shenzhen and other cities. While this story is barely being covered in mainstream media, the crypto and...
15 min
993
The EU’s Near Miss on a Proof-of-Work Ban
This episode is sponsored by , and .  Today the European Union Parliament ECON committee voted on an amendment to the Markets in Crypto Assets (MiCA) directive that would have effectively amounted to a ban on proof-of-work chains. NLW breaks...
23 min
994
The True Implications of Seizing Russia’s Forei...
This episode is sponsored by , and .    On this week’s “Long Reads Sunday,” NLW reads and discusses Nic Carter’s “.” - Take your crypto to the next level with . Invest and swap instantly, earn up to 20% APR on your idle assets...
15 min
995
The Looming Recession Narrative Is Growing
This episode is sponsored by , and .    On this edition of the “Weekly Recap,” NLW wraps up the week with a look at a growing macro discourse around the possibility of recession, along with catching up on important stories in crypto...
15 min
996
The Bretton Woods III Thesis
This episode is sponsored by , and .    Earlier this week, Credit Suisse strategist Zoltan Pozsar published a research memo titled “” that argued the West’s Russia sanctions were an inflection point moment that would push the world...
21 min
997
With Inflation at 40-Year Highs, How De-Russian...
This episode is sponsored by , and .    The U.S. inflation print ran hot again last month, hitting 7.9% year over year and the highest in four decades. In this episode, NLW breaks down the numbers within the numbers. He also previews the...
15 min
998
A Watershed Moment: Everything You Need to Know...
This episode is sponsored by , and .    Today, after months of speculation, President Biden signed and released his executive order on crypto. The contents of the order have been subject to significant debate, with some arguing that it...
23 min
999
What a DeFi Developer Departure Means for the C...
This episode is sponsored by , and .    One of DeFi’s best known developers, Andre Cronje, has left the industry. In this episode, NLW looks at how the markets and the broader crypto community are reacting to the news. In particular, he...
19 min
1000
The Iron Firewall Descends as Visa, Mastercard ...
This episode is sponsored by , , and .    Today on “The Breakdown,” NLW looks at Russia’s increasing economic isolation. Visa, Mastercard and PayPal all announced their plans to stop servicing the country while Netflix and TikTok also...
16 min