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
1176
It’s Bitcoin Day in El Salvador
El Salvador’s bitcoin legal-tender law goes into effect today. NLW looks at the recent controversy surrounding the law, including: Institutional controversy – why the International Monetary Fund (IMF) and World Bank don’t like the law ...
16 min
1177
Balaji Srinivasan: “Bitcoin at $1,000,000 is a ...
This interview originally aired December 19th, 2020.  is an angel investor and entrepreneur, the former CTO of Coinbase, a former General Partner at Andressen Horowitz and more.  In this wide-ranging conversation with NLW, he discusses: ...
73 min
1178
WTF Is A “Metaverse?”
On this week’s Long Reads Sunday, NLW reads David Hoffman’s recent essay in Bankless Enjoying this content?   SUBSCRIBE to the Podcast Apple:  Spotify: Google:   Join the discussion:   Follow on Twitter: NLW: Breakdown: 
31 min
1179
Dungeons and Degens: Why Everyone Is Talking Ab...
On this edition of the Weekly Recap, NLW looks at Loot (for Adventurers), the newest NFT sensation. Unlike the “JPEG” or Avatar NFTs, Loot bags are sets of theoretical items for a theoretical game set in a theoretical fantasy world. Created by one...
10 min
1180
The Breakdown’s Official Bitcoin and Crypto Fal...
On this special episode of The Breakdown, NLW looks at what we learned over the summer and what the fall holds for different parts of the crypto industry and surrounding spaces, including: The macroeconomic landscape Regulatory battles Bitcoin ...
16 min
1181
A $1.5T Asset Manager Is Getting Into Bitcoin
Today on the Brief: Binance dinged by Singapore authorities while discussing Binance.us going public  Former CFTC Chair Giancarlo leaves BlockFi board of directors after only four months  SEC takes action against … Bitconnect? Enjoying...
12 min
1182
Bitcoin Payments Coming to Twitter?
On today’s episode, NLW takes a historical look at Silicon Valley’s relationship with Bitcoin. NLW explores why so many in Silicon Valley missed Bitcoin in the early days, why smart contracts made more sense to them (and fit with their funding...
15 min
1183
DAOs, NFTs and Crypto Derivatives Win Attention...
On today’s episode, NLW breaks down a slew of stories that reflect different aspects of the crypto industry: Billionaire John Paulson doesn’t like crypto FTX US acquires LedgerX Syndicate DAO raises $20 million Layer 1 battles with Ethereum and...
12 min
1184
Jack Dorsey Is Building a Decentralized Exchang...
Today on the Brief: NFTs have a monster month Centre's global network of stablecoins The Cuban government to recognize crypto Our main discussion:In July, Jack Dorsey, the CEO of Twitter and payments company Square, announced that Square was...
13 min
1185
The Weaponization of the Banking System
On this edition of Long Reads Sunday, NLW reads Nic Carter’s latest for CoinDesk “.” The piece provides the history of Operation Choke Point and how the legacy of financial weaponization persists to today.  Enjoying this content?  ...
11 min
1186
The Race for Stablecoin Transparency
On this week’s Weekly Recap, NLW breaks down the recent history of stablecoins and contextualizes recent news from Tether, Circle and Paxos. Could stablecoin providers be positioning themselves to be the rails of an eventual U.S. digital...
13 min
1187
What Jerome Powell Said at Jackson Hole
The Kansas City Fed’s annual Jackson Hole Economic Symposium is sort of like TED for Central Bankers. In the lead-up to this year’s event, the conversation has been totally focused on whether or not Fed Chair Jerome Powell would signal a beginning...
11 min
1188
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
1189
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
1190
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
1191
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
1192
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
1193
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
1194
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
1195
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
1196
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
1197
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
1198
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
1199
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
1200
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