
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.
Latest episodes

Mar 25, 2025 • 13min
A Win for Privacy as Tornado Cash Addresses are Unsanctioned
A significant victory for privacy emerges as the U.S. Treasury lifts sanctions on Tornado Cash, igniting hope in the crypto world. The discussion highlights the critical implications for financial privacy and ongoing legal battles for users. Despite this reversal, caution prevails as the Treasury's stance remains ambiguous, suggesting more challenges lie ahead. The evolving regulatory landscape under the Biden administration raises questions about the future of cryptocurrencies.

67 snips
Mar 23, 2025 • 10min
Crypto's Past, Present and Future
Explore the evolution of Bitcoin and the factors influencing its market dynamics. Dive into the contrasts between decentralized and traditional finance, highlighting institutional interests in stablecoins and ETFs. Discover cutting-edge security solutions for digital assets and how they shape the crypto landscape. The conversation also delves into the future of cryptocurrency, addressing the ongoing challenges and opportunities that lie ahead.

7 snips
Mar 22, 2025 • 12min
Making America the"Undisputed Bitcoin Superpower and Crypto Capital of the World”
President Trump made headlines by addressing a crypto conference, sharing his vision for U.S. dominance in the cryptocurrency arena despite market challenges. The impact of political statements on crypto dynamics was examined, alongside optimistic trends from institutional investors. A significant acquisition by Kraken hints at an evolving trading landscape. Legal wins for Ripple and updates on crypto regulation are reshaping the industry's future. Meanwhile, Tether's investments in U.S. treasuries and the potential recovery of Bitcoin ETFs reflect changing global finance.

15 snips
Mar 21, 2025 • 14min
Sneaky Significant Changes at the Fed
The Federal Reserve finds itself navigating intriguing economic waters as it holds interest rates steady. Discussions revolve around inflation concerns and complex fiscal policies. Experts weigh in on how the Fed is responding to the uncertainties of today's economy, particularly under the influence of political pressures. The conversation dives deep into the balancing act the Fed faces as it looks ahead in a shifting landscape.

9 snips
Mar 20, 2025 • 12min
The Real Story of Institutional Crypto Interest
The podcast dives into the unique landscape of institutional crypto investment amid retail challenges. It highlights how institutions are ramping up their crypto allocations, fueled by clearer regulations and a quest for legitimacy. The discussion covers the mixed market sentiment for Solana, Ethereum, and Bitcoin. Innovative security solutions from Ledger are examined, alongside the hurdles institutions face in adoption. Finally, a growing bipartisan agreement on cryptocurrency legislation is explored, emphasizing the need for effective communication to bolster public understanding.

Mar 19, 2025 • 12min
Bitcoin is For Enemies: Pyongyang Edition
On this grab bag episode, NLW covers North Korea's growing bitcoin stack, the SEC reconsidering a Gensler-era rule, and record BTC outflows. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on Ledger.com.Enjoying this content?
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6 snips
Mar 18, 2025 • 16min
Treasury Secretary Bessent: "The Beatings Will Continue Until Morale Improves"
The discussion dives into the shifting economic landscape post-Trump, highlighting concerns over market intervention and sustainability. Voter dissatisfaction is underscored by a prominent economist warning of impending economic pain. The podcast also tackles the volatility of Bitcoin amidst political tensions and hedge fund strategies. Interestingly, Wall Street is buzzing with renewed enthusiasm for cryptocurrency, despite mixed political support. Trends in Bitcoin's market dynamics are examined, with predictions sparking debate on its future trajectory.

7 snips
Mar 16, 2025 • 15min
Stablecoin Debate Illustrates the Failure of the Anti-Crypto Army
The discussion dives into the heated debate around stablecoin legislation, unraveling misconceptions about their role in the financial ecosystem. Key essays critique the anti-crypto stance of policymakers like Elizabeth Warren, showcasing the importance of innovative regulations. The conversation emphasizes the balance between consumer protection and fostering a space for financial innovation. With insights into recent proposals, the podcast spotlights the vital contribution of stablecoins in today's economy.

Mar 15, 2025 • 31min
The Five Most Important Stories in Crypto This Week
NLW and Scott Melker count down the most important crypto stories of the week, from more bipartisan pro-crypto legislation to a new discussion of stablecoins to the geopolitical implications of crypto's biggest ever funding deal. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on Ledger.com.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 Twitter:
NLW: https://twitter.com/nlw
Breakdown: https://twitter.com/BreakdownNLW

Mar 14, 2025 • 14min
Crypto's Biggest Funding Deal Ever
Binance has raised $2B in crypto's biggest ever fundraise. What's more interesting than the dollar amount, however, is the geopolitical implications underlying it. Is it part of a broader Gulf-state realignment? US dollar hegemony through stablecoins? NLW explores. Sponsored by: LedgerLedger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on Ledger.com.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 Twitter:
NLW: https://twitter.com/nlw
Breakdown: https://twitter.com/BreakdownNLW
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