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
1101
The World Economy's 'Transitory' Supply Chain I...
First, on the Brief: Bitcoin hash power coming back online A new millionaire testing out crypto An emerging music tokenization platform Bitcoin saw a significant drop in hashrate after China’s mining bans. The network accordingly implemented its...
15 min
1102
Why the Crypto Industry Doesn't Trust the Treas...
First, on the Brief: OnlyFans’ reversal of its decision to ban sexuually explicit content Budweiser’s NFT Twitter profile picture The U.K.’s warnings to Binance Last week, OnlyFans announced it would ban sexually explicit content from its...
13 min
1103
Citi to Trade Bitcoin Futures?
On this episode of “The Breakdown”: Surveys and reports detailing expected institutional adoption Citigroup to trade on the CME Global perception of crypto, CBDCs NFT and DeFi on the rise Bitcoin news from Michael Saylor, Blockstream and Substack...
10 min
1104
Visa Buys a Punk as Bitcoin Returns to $50K
Late Sunday evening, bitcoin pushed above $50,000 for the first time in three months. Overall BTC is up 46% in the last 30 days. NLW explores arguments that this move has been spot driven and connected to institutions and whales. He also looks at the...
13 min
1105
Why Time Is the Ultimate Scarce Asset
This week, “Long Reads Sunday” returns to its Twitter roots with a reading of two threads from crypto VCs. The first comes from Andreessen Horowitz’ and the second from of Multicoin. Together, they paint a picture of the emerging landscape of...
15 min
1106
Why Is the Fed so Scared of Stablecoins?
On this edition of “The Breakdown’s Weekly Recap,” NLW looks at: News that Brian Brooks left Binance.US after a fundraise proved unsuccessful  Why Coinbase is investing $500B in crypto  The Fed’s discussion of stablecoins at last...
9 min
1107
What's Really Going on With OnlyFans and Paymen...
The tyranny of payment processors as moral barometers strikes again. On Thursday, Axios revealed that OnlyFans was struggling to raise money from outside investors despite being on track to make more than a billion dollars this year. Later in the...
17 min
1108
DeFi Grows in Institutional and Regulatory Impo...
First, on the Brief: Banks and bitcoin  Coinbase’s cash reserves Brian Quintenz’s CFTC departure   In the main discussion, NLW addresses decentralized finance’s (DeFi) place in regulations as crypto continues to be on the minds of...
13 min
1109
Is Twitter Getting Serious About Decentralized ...
On this episode of “The Breakdown:” Corporate dips into decentralized media, starting with Twitter and TikTok Regulatory difficulties continue for Binance Crypto on the minds of Congress and the SEC Big corporations have been seeing crypto not...
14 min
1110
Innovation vs. ‘The Big Short’: Cathie Wood and...
Investors Cathie Wood and Michael Burry are predicting opposing outcomes for the recent high inflation rate. On this episode of “The Breakdown,” NLW explores: Michael Burry’s background and principles Cathie Wood’s ARK Investment and its...
15 min
1111
WTF Happened in 1971? (And in Afghanistan?)
On this episode of “The Breakdown,” host NLW takes a step back from the nitty-gritty of markets and politics to examine current events from the global macro perspective, including: The 50th anniversary of the “Nixon Shock” – aka the end of...
15 min
1112
Why Bitcoin Matters for Nigeria and Iraq
On this week’s “Long Reads Sunday,” NLW reads: “” by Olumide Adesina “” by Abdurrahman Bapir Enjoying this content?   SUBSCRIBE to the Podcast Apple:  Spotify: Google:   Follow on Twitter: NLW: Breakdown: ...
13 min
1113
Is the US Government at War With Itself Over Cr...
On this week’s “Breakdown Weekly Recap,” NLW looks at some reported emerging tension around which U.S. regulatory body holds authority over crypto.  The U.S. Treasury has revealed its heavy hand in the infrastructure bill process, and it...
13 min
1114
These North American Bitcoin Firms Mined 59% Mo...
On this episode of “The Breakdown:” Bitcoin mining bump Coinbase’s massive Q2 earnings and more institutional news Crypto tax companies popping up North American bitcoin mining companies saw a significant increase from the previous month....
11 min
1115
Turning Point: The Crypto Industry's Battle Aga...
is the general counsel for Compound Labs and DeFi lead at the Blockchain Association. Over the last few weeks he has been deeply involved in the battle against the onerous crypto provision in the infrastructure bill.  In this discussion with NLW,...
68 min
1116
The Bull Market Is Back on the Menu! (Did It Ev...
On this episode of “The Breakdown,” NLW covers bull market indicators, including: Investment firms reporting positive market signals Continued NFT boom Markets ignoring outdated FUD Both NYDIG and Arca released reports detailing their...
13 min
1117
Compromise Provision Tanked by Octogenarian Nea...
The compromise amendment to the crypto provision in the infrastructure bill was shot down in the Senate yesterday. On this episode of “The Breakdown,” NLW covers what’s happened, what’s next and what it all means, including: The...
14 min
1118
Bitcoin Rallies Defiantly as Senate Infrastruct...
Contention over the crypto provision in the infrastructure bill continues. Today on “The Breakdown,” NLW brings the latest, including: Consensus mechanism confusion A weekend stalemate  The emergent power of the crypto industry The...
15 min
1119
What Happens if the Dollar Loses Reserve Curren...
On this week’s “Long Reads Sunday,” NLW reads David Z. Morris’ “,” which covers inflation’s potential impact on the status of the USD. Enjoying this content?   SUBSCRIBE to the Podcast Apple:  Spotify: Google:   Follow...
14 min
1120
'Crypto IS Macro Now': Raoul Pal on Bitcoin, De...
On today’s episode, NLW is joined by . Raoul is the founder and CEO of Global Macro Investor and Real Vision, whose Real Vision Crypto community has raced to more than 100,000 after launching earlier this year.    They discuss: The U.S....
48 min
1121
White House Unveiled as Puppet Master as New Am...
The infrastructure bill-related surprise in the U.S. Congress came in the form of a competing amendment with a short list of exemptions from the original language. On this episode of “The Breakdown,” NLW addresses the latest updates on the bill,...
17 min
1122
With EIP 1559, Has ETH Become Ultra Sound Money?
On today’s episode of “The Breakdown,” host NLW discusses: Proposed amendments to the infrastructure bill Notable EIP 1559 changes “Ultra-sound” money meme explained Amendment proposals came from a variety of political figures, including...
17 min
1123
What’s Really Behind SEC Chairman Gary Gensler’...
SEC Chairman Gary Gensler’s speech at the Aspen Security Conference has Crypto Twitter in a frenzy. On this episode, NLW covers the latest in regulatory action, including: Infrastructure bill update Overall take of Gensler’s speech: hostile or...
16 min
1124
The Senate Meets the Cyber-Hornets: The Nascent...
The infrastructure bill’s crypto provision had the industry scrambling to lobby for change. On this episode of “The Breakdown,” NLW covers the continuing saga of the bill, including: A recap on the bill’s crypto provision and subsequent...
15 min
1125
A Partial Victory in the Infrastructure Bill Ba...
First, the Brief: Bank of America’s research highlights the pros of El Salvador's bitcoin law Federal Reserve Governor Lael Brainard discusses the need for a U.S. CBDC Bank of China intends to continue significant pressure on crypto No sign of a...
16 min