A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of... more
NLW reads "The Barrier to Mainstream Crypto Adoption Isn’t UX — It’s Product-Market Fit" by Li Jin. Enjoying this content? SUBSCRIBE... more
On today's episode, NLW looks at a set of late breaking developments that could see ETH Futures ETF's trading next... more
A recap live with Scott Melker from Friday September 29th Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe... more
There were some fireworks at the recent House Financial Services Committee oversight hearing. It's clear that Congressional Republicans have run... more
Chase UK has taken the extreme step of refusing to process crypto related transactions, they say as a measure to... more
Today on The Breakdown it's a hackathon, with a set of high profile hacks happening over the weekend that show... more
When he was Chancellor of the Exchequer, British PM Rishi Sunak proclaimed that he wanted to make the UK a... more
A reading of Jeff Dorman's "What I Learned Managing a Crypto Fund for Five Years" https://www.coindesk.com/consensus-magazine/2023/09/18/what-i-learned-managing-a-crypto-fund-for-five-years/ Enjoying this content? SUBSCRIBE to... more
NLW looks at the top five stories in crypto this past week in a live conversation with Scott Melker. SEC vs.... more
At the FOMC press conference, Federal Reserve Chair Jerome Powell was asked about the economic factors that could impact rate... more
Today NLW digs into the FOMC decision to keep rates consistent and explores why many are causing it a hawkish... more
The head of the SEC's cyber unit has basically issued a warning saying the SEC isn't done yet and will... more
NLW catches up on the latest legal details of the SEC's battle against the zombie exchange Binance US. The judge... more
One of the more surprising campaign issues of the 2024 election cycle, opposition to central bank digital currencies, is moving... more
A reading of: https://www.coindesk.com/consensus-magazine/2023/09/11/ai-is-killing-crypto-venture-capital-interest/ https://bitcoinmagazine.com/culture/a-bitcoin-maximalists-ode-to-ordinals Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on... more
NLW counts the most important stories down: 5. Gensler Hearing 4. Binance Executive Departures 3. FTX Sales Begin 2. Stoner Cat Settlement 1. Fortress Loses... more
The FTX estate has received approval to begin crypot asset liquidation, overseen by Galaxy. The speculation this week has all... more
The latest SEC action is a settlement with NFT project Stoner Cats. NLW discusses the community's response, which ranges from... more
Another day, another set of high profile departures from Binance. NLW explores the latest news around the beleaguered exchange as... more
On Friday Ripple announced that it was acquiring Fortress Trust. On Monday we learned that, counter to previous statements, a... more
A look at the hack of Ethereum co-founder Vitalik Buterin's Twitter account over the weekend, plus a catch up on... more
A reading of excerpts from: Who Needs a Bitcoin ETF? Actually, the SEC Does. - Bloomberg Bitcoin ETF Applications Are Bitcoin's Best... more
Covering the biggest stories of the week in discussion with Scott Melker: 1. Visa Stablecoin Settlement program expansion Solana 2. FASB accounting... more
The board that oversees corporate accounting standards has voted unanimously to change the way corporates account for cryptoassets on their... more
Today on The Breakdown, NLW looks at a new paper from the IMF and FSB that -- among other things... more
Yesterday Visa announced an expansion of their ability to settle cross-border transactions with USDC, adding support for the Solana blockchain.... more
On a macro show, NLW explores how China's economic situation has been deteriorating; the highly targeted interventions from the Chinese... more
A new experiment, NLW and Scott Melker do a live rundown of the 5 most important events of the crypto... more
NLW catches up on the late week news including the SEC punting 7 ETF applications, the JOLTS and nonfarm payroll... more
A class action lawsuit against Uniswap has been dismissed with prejudice and the decision might have big implications for other... more
As everyone celebrated the SEC's upset in the Grayscale lawsuit, the Commission was quietly filing sealed documents in their lawsuit... more
A DC Circuit Court has decided in favor of Grayscale in their lawsuit against the SEC, calling the decision to... more
On Friday the US Treasury and the IRS dropped a 300-page guidance on crypto tax policy, including an updated of... more
On LRS, NLW reads excerpts from and analyses: How PayPal Upended the Crypto Debate in Washington D.C. - John Rizzo The End... more
On this edition of the Weekly Recap, NLW looks at: More community reactions around the Tornado Cash arrests The latest updates from... more
Today on The Breakdown, NLW examines Nvidia's massive earnings report as well as Powell's Jackson Hole speech, which, far from... more
The US Government has arrested one of the founders of Tornado Cash and is on the hunt for another. NLW... more
Something serious or just more FUD? NLW explores the latest dustup around Binance, as well as speculation around why the... more
Today on The Breakdown, NLW looks at the rearrangement of the arrangement between Circle and Coinbase. The Centre Consortium is... more
That's the assessment of one lawyer working currently with Gemini. On today's episode, NLW looks at the SEC's motion to... more
A reading of "What progressives get wrong when it comes to crypto" by Sheila Warren and Justin Slaughter. Enjoying this... more
One of the legal challenges to the Department of Treasury's putting Tornado Cash on the sanctions list has been defeated.... more
Was it SpaceX news? Evergrande bankruptcy? Macro Fed minutes? Or just good ol' fashioned leverage? NLW explores Thursday's crypto flash... more
China has posted some troubling economic data of late, leading many macro commentators to call attention to the concerning developments.... more
On today's episode, NLW looks at the FDIC declaring crypto one of the year's top threats to banks. Coinbase has... more
Javier Milei shocked the world with an upset win in Argentina's presidential primary this week. NLW provides some background on... more
Everyone from blockchain lobbyists to Senators to an esteemed group of academic legal experts have filed amicus briefs in the... more
A reading of a 2019 Nic Carter classic: "The Cat is Out of the Bag: Bitcoin is everyone’s problem now" Enjoying... more
A reading of Stablecoins Can Keep the Dollar the World’s Reserve Currency - Brian Brooks, Charles Calomiris PayPal’s Stablecoin Is a... more
On today's week catch up: Post Malone and Rogan discuss CBDCs; SEC to appeal Ripple and more. Enjoying this content? SUBSCRIBE to... more
Coinbase has launched BASE to much fanfare and excitement. The skeptics ask how much it will be about memecoins and... more
On the same day that bitcoin surged more than 3%, the Federal Reserve released some new guidance for banks it... more
In today's episode, NLW dives deep on PayPal's Announcement, which he argues forms a matched pair with BlackRock's spot BTC... more
Coinbase argues that crypto is a "major question" that requires Congress to explicitly authorize the SEC to oversee. Enjoying this... more
On this Long Reads Sunday, NLW reads: Pass the Stablecoin Bill Now - Austin Campbell Stablecoins: A Potential Counter to Dedollarization -... more
On this edition of the Weekly Recap, NLW looks at Worldcoin's issues in Kenya; the NYT's weird defense of SBF's... more
LK-99 has captured the world's attention for its promise of room-temperature superconductivity. But what does that even mean? NLW provides... more
Semafor is reporting that the DoJ is exploring options other than a full criminal complaint against CZ and Binance for... more
NLW explores a range of reactions to Fitch's decision to downgrade US sovereign debt from AAA to AA+ from the... more
A look at the latest Tether reserve attestation, plus an update on the Curve hack and a new court ruling... more
NLW explores the $47m hack that occurred over the weekend, and contextualizes it in the larger trends and patterns of... more
A reading of: A Crypto Truce Emerges Between Fraud and Revolution - Aaron Brown Today's Episode Sponsored By: In Wolf's Clothing --... more
The latest target of SEC animosity is *checks notes* auditors?! On this edition of the Weekly Recap, NLW covers the... more
Crypto's big policy week continued with the House Financial Services Committee advancing stablecoin legislation after a torturous 12-hour markup session. Today's... more
It was the first time that standalone Crypto legislation has made it out of the committee process. NLW covers the... more
The Federal Reserve has again raised interest rates -- this time to a 22-year high. NLW explores the discussion around... more
NLW looks at the SEC's hints around a potential Ripple appeal, plus more around Worldcoin and SBF behaving badly. Today's... more
Worldcoin is live and the crypto community has feelings. Today's Episode Sponsored By: In Wolf's Clothing -- The first startup accelerator... more
A two-part Long Reads Sunday on crypto custody and the fallout of crypto's regulatory battles. Reading: Not All Crypto Custody Is... more
On this edition of the Weekly Recap, NLW looks at the Federal Reserve's launch of FedNow and explores the community... more
This week saw a number of crypto-related legislation introduced in Congress -- sometimes as amendments to other important bills. NLW... more
SEC Chair Gensler is being assailed on all sides from Democrats and Republicans alike -- and not just about his... more
This week has seen multiple 9-figure crypto funds announced. A metaverse company also raised a monster $54 m round. Finally,... more
Today on The Breakdown, NLW covers the latest from Binance, including reports from WSJ and CNBC that the company has... more
Today, NLW is joined by Chainlink's Sergey Nazarov to discuss the massive convergence of the traditional financial world and the... more
The SEC "is acting like an overzealous traffic cop arbitrarily ticketing drivers while keeping the speed limit a secret." -... more
Former Celsius CEO Alex Mashinsky was arrested this week. NLW explores the complete list of charges against him. Enjoying this... more
The judge has handed a summary decision in the Ripple-SEC case, and while it was a mixed decision, the reality... more
Last year the Lummis-Gillibrand Responsible Financial Innovation Act set the template for comprehensive crypto legislation. Now, the act has been... more
CPI comes in lower than expected, leading to expectations that the doves in the FOMC will have more influence to... more
NLW covers the latest in the Prometheum saga as Senator Tommy Tuberville and a handful of others have sent a... more
Late on Friday, the SEC responded to Coinbase's motion to dismiss the SEC's lawsuit against them. In many ways it's... more
A reading of Alex Kruger's thread: https://twitter.com/krugermacro/status/1675989375765852160?s=46&t=5Nl1EhwpFOmRdaVNr7DApg Full report from Asgard Markets https://www.asgardmarkets.com/post/the-big-picture Enjoying this content? SUBSCRIBE... more
So much for amicable resolution. After publically threatening a lawsuit earlier in the week, Gemini and their co-CEO Winklevoss twins... more
Fortune dropped a bombshell on Thursday, reporting that numerous executives had left Binance in a very short period of time.... more
On Wednesday, July 5th, BlackRock CEO Larry Fink gave an interview on Fox that made clear that the Bitcoin ETF... more
On the eve of the July 4th holiday, Gemini's Cameron Winklevoss published an open letter accusing Barry Silbert and DCG... more
Today on The Breakdown, NLW continues coverage of the crypto industry's growing push back against the SEC and overreaching politicians.... more
As the crypto industry takes the fight to the SEC, a reading of Gary Gensler Failed the U.S. Crypto... more
The crypto industry is officially bringing the fight to regulators. Coinbase has filed a motion to dismiss the SEC's lawsuit... more
Today on The Breakdown, NLW catches up on the Prime Trust saga which came to a head this week. He... more
The Breakdown is off for a few days this week, but over on Bitcoin Builders things are hot with the... more
NLW checks in on the latest in central bank digital currencies. Enjoying this content? SUBSCRIBE to the Podcast:... more
Today on Long Reads Sunday, NLW reads Noelle Acheson's "Why the Biggest Emerging Markets Are Turning to Crypto." ... more
The theme of the last few weeks has been the institutional return to crypto. NLW fills in the gaps and... more
Rebecca Rettig is the Chief Policy Officer at Polygon Labs and recently spearheaded The Value Prop -- a new project... more
Dan Tapiero has deployed more than a billion dollars into growth stage digital asset companies in the last few years.... more
Bitcoin is up above $30,000 and the return of the institutional narrative is driving it. NLW explores the good and... more
On this episode of crypto shennanigans, Do Kwon sentenced to four months for fake passport; ZachXBT raises $1M to fight... more
On today's episode, NLW looks at the (non) reaction of the crypto community to news that Tether held Chinese bank... more
Dan Tapiero has deployed more than a billion dollars into growth stage digital asset companies in the last few years. He's also... more