A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.
No, Bank of England, Crypto is Not the Same as ...
This episode is sponsored by . Today on “The Breakdown,” NLW takes a deep dive into a recent speech by Sir Jon Cunliffe, the Bank of England’s Deputy Governor, Financial Stability. The speech was called “Is ‘crypto’ a financial stability...
19 min
1027
The US Is Officially the Global Leader in Bitco...
This episode is sponsored by . Today on “The Breakdown,” NLW looks at how the United States has been perhaps the greatest beneficiary of the Great Hashrate Migration away from China following the country’s mining ban in May. This has political...
18 min
1028
Who Cares What Jamie Dimon Thinks of Bitcoin?
This episode is sponsored by . Ah, Jamie Dimon. One of the longest duration skeptics of bitcoin, and one of the most consistently wrong from a market perspective. Yesterday, the JPMorgan Chase CEO added new material to his anti-bitcoin cannon and...
14 min
1029
Is Biden Prepping an Executive Order on Crypto?
This episode is sponsored by . On today’s episode, NLW looks at recent reports the Biden administration is weighing an executive order on crypto. The order would involve numerous agencies and create a common approach to the industry. Unfortunately,...
13 min
1030
Here for the Bitcoin Revolution or Just the Sic...
This episode is sponsored by . On this edition of “Long Reads Sunday,” NLW reads “.” Blumberg argues that as bitcoin and digital assets get more mainstream, the industry would do well to better understand the different philosophies that pull...
10 min
1031
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
1032
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
1033
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
1034
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
1035
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
1036
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
1037
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
1038
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
1039
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
1040
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
1041
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
1042
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
1043
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
1044
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
1045
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
1046
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
1047
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
1048
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
1049
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
1050
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...