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Nathaniel Whittemore
A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.
Mt. Gox Unlocks Send BTC Crashing
Bitcoin has recently experienced a 25%+ price decline. The specific catalyst for the most recent dip seems to have been a combination of Mt. Gox BTC on the move and German selling. NLW explores how worries we should be.
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13:2509/07/2024
Agriculture and the State of Tokenization
A reading and discussion inspired by https://blockworks.co/news/agriculture-needs-blockchain.
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09:1207/07/2024
Software Creates New Nations
A 4th of July reading and discussion inspired by https://www.wired.com/2013/11/software-is-reorganizing-the-world-and-cloud-formations-could-lead-to-physical-nations/
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16:3805/07/2024
Polkadot Courts Controversy with Ad Spend
NLW brings his perspective as the former Head of Marketing for FTX to this discussion about Polkadot's recent marketing spend.
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13:5504/07/2024
Circle Becomes First European Licensed Stablecoin Issuer
As Europe's MiCA rules go into effect, the continent narrowly avoids serious stablecoin-crypto-trading issues by granting a license to Circle. NLW also looks at a settlement in the Silvergate case.
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16:0003/07/2024
The SEC's Horrible, No Good, Very Bad Week
The SEC (and really the administrative state more broadly) had an extremely tough week last week. NLW explains why, and what it means for crypto.
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14:3102/07/2024
Is there Danger in Politicizing Crypto?
A reading and discussion inspired by: https://blockworks.co/news/bitcoin-right-left-politics-neutral
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08:4201/07/2024
The Five Most Important Stories In Crypto This Week
Recorded live with Scott Melker on Friday July 28
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35:4128/06/2024
The US Gov't Sells Its BTC Stack
The US is selling. Germany is selling. Mt. Gox unlocks are coming. Is it something we should be worried about? NLW explores.
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12:2128/06/2024
Fairshake Helps Hand Anti-Crypto Army a Loss
NLW catches up on the latest on crypto in politics, including a report that Trump will speak at the Bitcoin Conference and a primary loss for a notable member of the anti-crypto army.
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12:4626/06/2024
The Saga of Wikileaks' Julian Assange is Finally Coming to an End
After 5 years in prison in the UK (and nearly 5 years before that holed away in the Ecuador embassy in London), Julian Assange is on the verge of a plea deal with the United States that would let him return home to Australia. NLW gives the full wild story.
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15:5726/06/2024
Why So Gloomy? Mt. Gox Unlocks Latest Bummer in Downward Sentiment Spiral
NLW covers the dip over the weekend and what's driving such gloomy attitudes in the crypto space.
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12:5825/06/2024
Does Crypto Need Memecoins?
That's the argument in this essay: https://blockworks.co/news/vitalik-wrong-crypto-dumb-memecoins
NLW explores and puts it in context in a week where the big story was a new Trump memecoin.
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08:5723/06/2024
The Incredibly Weird Certik-Kraken Exploit
Kraken was recently hacked to the tune of $3m. Turns out it was security audit firm Certik. Is the episode about an overzealous white hat or something more nefarious?
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12:0921/06/2024
Is the Trump Solana Memecoin Real?
Another day, another Trump-crypto plotline. Some folks are reporting that former President Trump's son Barron is running an official Trump memecoin on Solana called $DJT. Is it real, fake, or even an elaborate ruse by the Feds? Plus, the SEC's chief crypto enforcer has left the agency.
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13:2719/06/2024
How Stablecoins Could Extend Dollar Dominance
In today's episode, NLW looks at a recent op-ed by former House speaker Paul Ryan on why stablecoins on permissionless blockchains are aligned with US values and could extend dollar dominance another generation. We also cover an upcoming crypto roundtable that theoretically has White House buy-in.
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15:4318/06/2024
The Future of Web3 is Functionality
A reading and discussion inspired by
https://blockworks.co/news/crypto-needs-proof-of-reserves
and https://blockworks.co/news/web3-flashy-functional-infrastructure
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10:2317/06/2024
The Top 5 Stories in Crypto This Week
A live conversation with Scott Melker about Trump's Bitcoin miner meeting, the FOMC, CPI, and much much more.
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28:0614/06/2024
After Inflation Improvement, a Quiet FOMC
The FOMC meeting was without fireworks this week. In spite of the Bank of Canada and the ECB moving to cut rates, the Fed remains focused on staying the course at least for the time being.
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14:3414/06/2024
PleaserDAO Sues Martin Shkreli Over Wu-Tang Album
Yes, the title of this episode is real. NLW provides an update on former President Trump's meeting with Bitcoin miners, and then tells the wild story of a DAO, a formerly jailed pharma CEO, and a secret rap album worth millions.
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15:1213/06/2024
Massive Expansion of Crypto Sanctions Power Snuck into Senate Budget Proposal
Yes, they're trying to do it again: sneak a massive expansion of anti-crypto powers into a bill that has nothing to do with crypto. Same play as the 2021 infrastructure bill. This time, however, the crypto political machine is watching much earlier.
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14:2312/06/2024
Questions about Bitcoin and Macro to Start the Week
NLW looks at the end of last week where we saw a market shift in traditional and crypto markets. Here's what happened, and why.
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13:5411/06/2024
Getting Crypto Regulation Right
A reading and discussion inspired by
https://blockworks.co/news/end-sec-war-on-crypto
and
https://blockworks.co/news/crypto-regulators-us-global-legislation
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11:1009/06/2024
The Bank of Canada Cuts Rates; Will the Fed Follow?
The Bank of Canada has moved to cut interest rates, with the markets pricing in additional cuts throughout the end of this year. Will the US Federal Reserve follow suit or are the two central banks dealing with a fundamentally different set of circumstances?
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12:5007/06/2024
The Surprise Second Biggest Bitcoin ETF Inflow Day Ever
ETF's aren't supposed to behave like this. They're not supposed to have a nearly $900m inflow day five months in after the hype has purportedly dissipated. Then again, when did Bitcoin ever do things the way others did?
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10:1706/06/2024
The Modular Integration Spectrum | Keone & Zon
In this episode, Keone from Monad and Zon from Initia to discuss the spectrum between modular and integrated blockchain designs. They explore the tradeoffs in decentralization, performance and scalability between the two approaches. They explore AppChains, rollups, composability challenges in modular systems, EVM compatibility, and when to scale blockchains horizontally vs vertically. To close out Keone and Zon also share valuable insights on building Web3 communities organically. Thanks for tuning in!
- -
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
(00:00) Introduction
(03:24) Modular vs Integrated
(11:47) Who are Appchains for?
(28:58) Composability in Modular World
(36:15) Monad's Endgame
(39:47) Importance of Decentralization
(48:05) Building Web3 Community
--
Disclaimer:
Expansion was kickstarted by a grant from the Celestia Foundation.
Nothing said on Expansion is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Rex, Jon, and our guests may hold positions in the companies, funds, or projects discussed.
01:03:5105/06/2024
Roaring Kitty Roars Back, But Can the New Gamestop Madness Recapture the Magic?
Roaring Kitty is back, and this time he's playing with nine figures. But are the apes content to just watch from the sidelines this time?
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12:1405/06/2024
The Biden SAB121 Veto Undermines Claims of a Democrat Crypto Pivot
After reports last week that the Democrats were shifting their stance on crypto, one of the big questions was whether President Joe Biden would follow through on his promise to veto the repeal of SAB121. He did, and NLW gauges the community's reactions.
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11:1703/06/2024
How Serious is the Democrat Crypto Pivot?
On today's episode NLW checks in on the idea that we're seeing a pivot towards crypto from Biden and other US Dems.
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11:2631/05/2024
Biden Joins the Pro-Crypto Pivot
President Biden's team has reportedly started making overtures towards the crypto crowd. NLW explores whether the industry is buying it or remains skeptical.
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10:2530/05/2024
Mt. Gox Unlock FUD Will Soon Finally Come to An End
One of the most enduring FUDs in crypto land is the mythic Mt. Gox unlock, where people receive back bitcoin that had been locked for years.
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10:3830/05/2024
Trump Doubles Down on Crypto and Pledges to Commute Ross Ulbricht
Former President Donal Trump continues to speak about crypto at campaign events. Recently he also pledged to commute Ross Ulbricht's sentence.
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08:5129/05/2024
The Growing Political Force of Crypto
A reading and discussion based on:
https://blockworks.co/news/single-issue-crypto-voter
and
https://blockworks.co/news/crypto-matters-foundations-free-prosperous-society
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13:5426/05/2024
SEC Approves ETH Spot ETF
At least, the first stage of the approval has happened. NLW explores the political pressure that caused this to come about.
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12:1724/05/2024
71 Democrats Break Ranks to Vote for Commonsense Crypto Regulation
The FIT21 Act vote happened yesterday and a much-higher-than-expected number of Democrats supported it. NLW explains what happened and what comes next.
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12:5923/05/2024
A Presidential Campaign Crypto Milestone
Former President Trump becomes the first major party candidate to accept crypto, the latest on the ETH ETF, and the gear up for the FIT21 vote.
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12:0323/05/2024
SHOCKER: Is the SEC About to 180 and Approve ETH ETFs?
Only Tuesday and already one of the most consequential political weeks in crypto history. NLW covers the latest on ETH ETF approvals, FIT21 Act and more.
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12:2622/05/2024
A Preview of Crypto's Big Week in Washington
Some major things coming up in crypto in DC this week, including ETH Spot ETF decisions, FIT21 Act voting, and a question if Biden will veto the SAB121 repeal.
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11:0521/05/2024
A Congressional Letter Pushing Back on Gensler's Rogue SEC
A reading and discussion based on https://blockworks.co/news/senate-gensler-sec-overturn-sab-121
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07:4419/05/2024
With SAB121 Overturned, A New Era of Crypto Politics Begins
By a vote of 60-38, the Senate has voted to repeal SAB121. The decision is in direct defiance of the Biden White House, who pledged to veto the bill if it passed. The decision has changed the landscape of crypto politics.
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12:3818/05/2024
The First MEV-Related Arrest
The US Department of Justice is getting significantly more sophisticated in its crypto criminal prosecution, as witness by the recent arrest in an MEV-related case.
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12:5017/05/2024
Tornado Cash Developer Convicted
Alexey Pertsev has been convicted of money laundering charges in the Netherlands, with the judge explicitly saying that his writing code for Tornado Cash made him culpable. NLW discusses the community's reactions.
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12:4216/05/2024
The Return of Roaring Kitty
Roaring Kitty aka Deep F***ing Value aka Keith Gill has reemerged and with him has come memestock mania. NLW digs in, plus looks at DC's increasing pushback against the Anti-Crypto Army.
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12:1115/05/2024
The Rise of the Crypto Single-Issue Voter
Last week former President Trump came out as the pro-crypto candidate. The move has not only put crypto on the national political stage, but generated significant conversation about the rationale of being a single-issue voter.
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13:5714/05/2024
The 5 Key Views on Stablecoins
On this week's Long Reads Sunday, NLW (with the help of AI) reads Nic Carter's epic latest piece "Five Perspectives on Stablecoins" https://medium.com/@nic__carter/five-perspectives-on-stablecoins-5bc20076270a
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46:1813/05/2024
The Week Crypto Truly Entered the Political Conversation
On this edition of The Friday Five with Scott Melker, NLW discusses why this week was the week that truly entered the political mainstage.
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21:2511/05/2024
Trump Completes His Crypto 180
Former President Trump held an event at Mar-a-lago for Trump NFT holders that served as a coming out party for his courting the crypto vote. NLW explores the Democrats self-inflicted wound -- along with why some Congressional Dems are still fighting.
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12:2610/05/2024
Grayscale Withdraws ETH ETF
Major confusion in the cryptosphere as Grayscale withdraws an ETF application that had been widely assumed to be just the means to an end of another lawsuit. Plus Gensler's softball interview on CNBC.
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14:0509/05/2024
Why the Robinhood Wells Notice Hits Harder
Robinhood is the latest crypto-aligned company to be targeted by the SEC. In today's episode NLW explores why the crypto community is more surprised by this one than even recent actions against Consensys and the Ethereum Foundation.
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11:2308/05/2024
The Bitcoin Bull Mood (Starts) to Return
Over the weekend, a vibe shift started where Bitcoiners are climbing out of some of their gloomier predictions from the past few weeks and looking a bit more optimistically at the next part of the cycle.
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10:2307/05/2024