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
976
Supply Chain Says No Christmas Presents or Tree...
On this edition of “The Breakdown Weekly Recap,” NLW looks at supply chain disruptions, including: Natural gas shortages across Europe and the U.K. that could impact electricity prices and even the global food supply Numerous dislocations that...
12 min
977
Second-Largest US Bank Says Crypto Is Too Big t...
This episode is sponsored by . On today’s episode, NLW covers some of the topics he’s missed throughout the week, including: A new report from Bank of America that calls digital assets “too big to ignore” US Bank custodying crypto via...
14 min
978
Something Big Is Brewing With Bitcoin
This episode is sponsored by . On today’s episode, NLW looks at the growing excitement around bitcoin, including: Its decoupling from the stock market  What it means that U.S. institutional-focused CME futures are outpacing Deribit...
15 min
979
Gensler's SEC Has No Plans to Ban Crypto
This episode is sponsored by . Today on “The Breakdown,” another major regulatory figure has confirmed he has no intention of bannning crypto. During testimony before Congress this week, Rep. Ted Budd (R-N.C.) asked Gensler if he planned to follow...
18 min
980
Stablecoins in the Hot Seat as SEC Investigates...
This episode is sponsored by . On today’s episode, NLW homes in on recent reports surrounding the Biden administration's plans for stablecoins. A new report from the Wall Street Journal says there is a debate between using the Financial Stability...
16 min
981
What the ‘Pandora Papers’ Mean for Bitcoin
This episode is sponsored by . On today’s episode, NLW breaks down the latest in a string of embarrassing leaks about how the world’s elite and wealthy use offshore accounts to obfuscate ownership and hide their wealth. He looks at:  How the...
18 min
982
What’s the Real Point of ‘Crypto’ Anyway?
This episode is sponsored by .   On this week’s edition of “Long Reads Sunday,” NLW reads four Twitter threads: Alex Gladstein on whether the crypto experiment has failed Russian political opposition figure Alexey Navalny on big tech...
14 min
983
This Overlooked Crypto Tax Provision Would Be a...
This episode is sponsored by .   On this edition of “The Breakdown’s Weekly Recap,” NLW looks at: Hidden crypto tax provision 6050I  Chilling language from British lawmakers around using CBDCs to control citizens’ spending  The...
16 min
984
Powell Says No Crypto Ban as ‘Uptober’ Kicks Off
This episode is sponsored by .   On today’s episode, NLW discusses the market mood shift as September becomes October, and looks at: Jerome Powell’s comments on crypto bans before Congress El Salvador’s volcano bitcoin mining  Mayor...
16 min
985
Why This Autumn Could Be Bitcoin Season
This episode is sponsored by .   Description On today’s episode, NLW looks at why bitcoin could be poised to grab more mindshare this fall, including: Coming regulatory pressure on DeFi and stablecoins Regulatory clearance for bitcoin (and a...
21 min
986
​​Is Kraken's Settlement With the CFTC Actually...
This episode is sponsored by . Today on “The Breakdown,” NLW looks at the $1.25M settlement Kraken just finalized with the Commodity Futures Trading Commission, which accused the crypto exchange of offering margin lending products without the...
14 min
987
Two Fed Presidents Resign After Embarrassing Tr...
Today on “The Breakdown,” NLW explores traditional financial system actors behaving badly, including why two Fed presidents are retiring early after revelations that they were actively trading stocks at the height of last year’s market crisis....
12 min
988
Did China Finally Ban Bitcoin for Real?
Today on “The Breakdown,” NLW looks at two major recent stories.  Twitter has added bitcoin tipping features. The features take advantage of the Lightning Network powered by Strike and has started rolling out to iOS users. Additionally, the...
15 min
989
Is Crypto at a Socio-Regulatory Inflection Point?
This week’s “Long Reads Sunday” returns to the format’s roots with four threads from Twitter: Chris Dixon on tokens as a new web primitive https://twitter.com/cdixon/status/1440026947036356619 Raoul Pal on the coming change to securities laws...
19 min
990
Weekly Recap: What Happens When S*** Gets Real
On this edition of “The Weekly Recap,” NLW looks at the heightened state of affairs in the crypto landscape, from celebrity interactions with NFTs to the latest bluster from the SEC. This one goes to 11.  Enjoying this content?  ...
14 min
991
Bitcoin Is the Most Illiquid It’s Ever Been: 12...
NLW looks at the current state of crypto markets through numbers, including: Bitcoin illiquid supply  Lightning Network capacity  Evergrande’s debt The total value of CryptoPunks  And more Enjoying this content?   SUBSCRIBE to...
16 min
992
The Dreaded Federal Reserve Taper Is Coming
Today on “The Breakdown,” NLW examines the upcoming Federal Reserve winding down, or taper, of its support for the markets. This includes scaling back its bond-buying programs, a process that could begin as early as next month and conclude the...
13 min
993
Snoop Is Medici? The Mainstream Infiltration Co...
Today on the Brief: BlockFi gets another extension Chainalysis’s secret data honeypot Robinhood crypto finally gets transfers In our main discussion, NLW talks how crypto has mainstreamed over the last year, including: Bitcoin for hedge funders...
20 min
994
Did the SEC Really Serve Subpoenas at Mainnet?
Today on “The Breakdown,” NLW looks at reports from Messari’s Mainnet conference that the Securities and Exchange Commission served one of the speakers with a subpoena right before a panel. He discusses: The growing tension between securities...
14 min
995
Why Is September So Bad for Bitcoin?
Today on “The Breakdown,” NLW looks at the historic weakness in the bitcoin market in the month of September. He examines: The numbers that show how persistent this trend has been Some anecdotal explanations for why it’s so  Why September...
14 min
996
Why a CBDC Would Make the Fed’s Job Miserable
A reading of JP Koning’s essay for Coindesk “” Enjoying this content?   SUBSCRIBE to the Podcast Apple:  Spotify: Google:   Join the discussion:   Follow on Twitter: NLW: Breakdown:  “The Breakdown” is written,...
11 min
997
Securities Regulators in Texas, New Jersey and ...
On this edition of “The Breakdown’s Weekly Recap,” NLW looks at: The latest in China’s Evergrande crisis  Texas and New Jersey target Celsius on their lending products  Bitcoin adoption in Laos A wrap-up on the OpenSea NFT front...
11 min
998
Is China’s Evergrande Crisis a Global Systemic ...
Today’s show is a look at one of the most important but under-discussed macro events in the world today: the crisis surrounding China’s massive real estate developer Evergrande. The company’s share price has fallen more than 85% this year and...
17 min
999
Laos Does About-Face on Bitcoin to Attract Chin...
Today’s episode of “The Breakdown” looks at a variety of topics covering the evolving relationships between states and digital currencies, including: Inner Mongolia’s fight to keep crypto mining out  Laos’ official about-face on crypto...
11 min
1000
Free Markets vs. Investor Protections: The Late...
Today on The Breakdown, NLW examines SEC Chair Gary Gensler’s testimony yesterday in front of the Senate Banking Committee. He discusses: How some allies from the Infrastructure Bill put the screws to Gensler on lack of clarity around securities...
20 min