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
1126
CFTC Acting Chair: ‘Nearly 60%’ of Cryptos Are ...
This episode is sponsored by . On today’s episode, NLW does an extended brief, covering: The CFTC Chair arguing for more power to regulate crypto Comments from the FDIC chair saying that banks need to be allowed to participate in crypto...
12 min
1127
Has the SEC Won the Battle to Regulate Stableco...
This episode is sponsored by . 2021 has been the year of crypto regulation. In China, that has manifested as a complete banning of bitcoin mining and crypto trading. In the U.S., the verdict is still out, but it has been clear there has been a fair...
17 min
1128
Why One Crypto Company Is Suing the SEC
This episode is sponsored by . At Messari’s Mainnet conference in September, rumors flew that the U.S. Securities and Exchange Commission had served a subpoena on a decentralized finance (DeFi) protocol founder moments before he was set to speak on...
14 min
1129
The US Government Sold a Wu-Tang Album to a DAO...
This episode is sponsored by . On today’s “Long Reads Sunday,” NLW tells the story of PleasrDAO buying a one-of-a-kind hip hop album, and what it means that the U.S. government is interacting with this new type of collective. He also reads: ,...
12 min
1130
Bitcoin Wraps the First Week of the ETF Era
This episode is sponsored by . On this edition of “The Breakdown’s Weekly Recap,” NLW covers: The record-setting performance of the first bitcoin futures exchange-traded fund and what happens next as new ETFs come to market  A massive...
10 min
1131
Why the Bitcoin and Crypto Communities Are So S...
This episode is sponsored by . Today’s episode is nominally about Worldcoin. The project launched this week with ambitions to airdrop a new cryptocurrency on everyone in the world. To do so, it’s using biometric eye scanning to identify people and...
22 min
1132
Paul Tudor Jones: ‘Inflation … [Is] the Single ...
This episode is sponsored by . Last year, Paul Tudor Jones wrote a paper called “The Great Monetary Inflation” that would end up creating narrative motivation for many traditional retail and institutional investors to allocate to bitcoin as an...
15 min
1133
LFG! Bitcoin Clears $66K and Hits New All-Time ...
This episode is sponsored by . On today’s episode of “The Breakdown,” NLW looks at the market’s reaction to a new bitcoin all-time high, including: The success of the first day of the ProShares bitcoin futures exchange-traded fund  Why...
12 min
1134
Massive Trading Volume for ProShares Bitcoin Fu...
This episode is sponsored by . On today’s episode, NLW catches up on a variety of topics from the past week, including: How the first day of trading the ProShares $BITO bitcoin futures ETF is going (and why it could be headed for record breaking...
18 min
1135
It's Here: Bitcoin Futures ETF to Begin Trading
This episode is sponsored by . Today on “The Breakdown,” NLW rounds out the story of the bitcoin futures ETF process that has dominated crypto chatter for the last week or more. He looks at the details of the first ETF that will go live, as well...
14 min
1136
Hester Peirce Reclaims the “Wild West” for the ...
On this week’s Long Reads Sunday, NLW reads SEC Commissioner Hester Peirce’s recent speech:
21 min
1137
How the Crypto Industry Thinks It Should Be Reg...
On this edition of the Weekly Recap, NLW looks at two new policies frameworks released by companies in the crypto and web3 space. The first comes from Coinbase and argues that there should be a new overarching regulator for digital assets. The second...
17 min
1138
Bitcoin Is Actually, Finally About to Have an ETF
This episode is sponsored by . On today’s episode, NLW looks at the buzz and excitement around a bitcoin futures ETF. The historical moment could be an inflection point for new audiences to get into the asset class. At the same time, there are some...
16 min
1139
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
1140
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
1141
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
1142
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
1143
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
1144
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
1145
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
1146
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
1147
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
1148
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
1149
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
1150
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