The Breakdown

This episode is sponsored by Nexo.io, Circle and FTX US.   On today’s episode, NLW checks in on the macro scene, including: What the earnings report season that begins this week might tell us about where corporate America is headed Why the Federal Reserve still doesn’t care about stock prices  Why the former whales in the market aren’t buying Treasurys like they used to    - Nexo Pro allows you to...

This episode is sponsored by Nexo.io, Circle and FTX US.   On Saturday, a PayPal policy was announced where customers could be fined up to $2,500 for misinformation and other causes, at the sole discretion of the company. The internet’s outrage was quick and loud, and very soon PayPal retracted the policy and said it was published in error. NLW explores what the policy would have done and why some...

This episode is sponsored by Nexo.io, Circle and FTX US.   On this week’s “Long Reads Sunday,” NLW reads “Ethereum's New ‘Staking’ Model Does Not Make ETH A Security.” The piece was authored by: Rodrigo Seira, crypto counsel at Paradigm Amy Aixi Zhang, policy counsel at Paradigm Jake Chervinsky, head of policy at the Blockchain Association, adviser at Variant Fund and board member at DeFi Educatio...

This episode is sponsored by Nexo.io, Circle and FTX US.   On this edition of the “Weekly Recap,” NLW looks at a slew of Federal Reserve comments indicating that no pivot on interest rates is on the horizon. He also reads a set of Ray Dalio threads as the famous hedge funder transitions away from his firm. - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees....

This episode is sponsored by Nexo.io, Circle and FTX US. On this crypto recap episode, NLW looks at the latest news including: Binance Smart Chain exploit Celsius user data leak  MiCA regulation text finalization    - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can ear...

This episode is sponsored by Nexo.io, Circle and FTX US.   As inflation rages, the global economy slows, and the U.S. releases more and more oil from its Strategic Petroleum Reserve, OPEC+ has decided to decrease oil output. The move happens in spite of significant pressure from the Biden Administration. NLW discusses what it means for economic prospects as well as for shifting geopolitical allian...

This episode is sponsored by Nexo.io, Circle and FTX US. On today’s episode, NLW checks in on “Uptober” and asks whether the market rally has legs beyond Monday. He then looks at the news that Elon Musk’s purchase of Twitter is back on track, and explores what we learned from text messages made public as part of the pretrial process.  - Nexo Pro allows you to trade on the spot and futures markets...

This episode is sponsored by Nexo.io, Circle and FTX US. After a brutal “Rektember,” might a green “Uptober” be back on the menu? On today’s episode, NLW looks at the markets’ impressive October Day One performance and what’s behind the positive shift. He also looks at the SEC’s Kim Kardashian enforcement action and a new report on crypto from the Financial Stability Oversight Council.  - Nexo Pro...

This episode is sponsored by Nexo.io, Circle and FTX US.   After a wild weekend of speculation and discussion, NLW breaks down what’s actually happening with beleaguered Credit Suisse, as well as why the FinTwit doom machine seems so focused on it.  - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the avail...

This episode is sponsored by Nexo.io, Circle and FTX US.   On this edition of “Long Reads Sunday,” NLW reads threads from MacroAlf on the problems of pensions, degentrading on why currency concerns should spook investors and Meltem Demirors on what she’s thinking about during the bear market. - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get...

This episode is sponsored by Nexo.io, Circle and FTX US.   On this edition of the “Weekly Recap,” NLW summarizes the Bank of England’s intervention into U.K. bond markets and covers comments from various Federal Reserve officials that make clear the BOE’s actions aren’t affecting Fed thinking in any meaningful way.  - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.   On today’s episode, NLW catches up on recent crypto news including: Jerome Powell’s recent comments on DeFi California enforcement actions An update on Do Kwon  TBD teams up with Circle - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employ...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.  On today’s episode, NLW examines a theory articulated by folks like analyst Jim Bianco. His theory is, the biggest issue for equities markets right now isn’t that things are breaking but that while markets are down they’re down in an orderly fashion, unlikely to convince the Federal Reserve it needs to change policy anytime soon.  - Ne...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.    The Bank of England made huge news today when it intervened in the U.K. bond markets to prop up pension funds in the country that were in serious trouble due to recent volatility. On this episode, NLW explores how the markets reacted, and whether market breakages will force the U.S. Federal Reserve’s hand in a similar way. In comment...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.    The joke du jour on FinTwit has been that the British pound is trading like an emerging market currency (or on Crypto Twitter, like a s**tcoin). On today’s episode NLW looks at what’s happening and why dollar strength is wreaking havoc around the world.  - Nexo is a security-first platform where you can buy, exchange and borrow again...

  This episode is sponsored by Nexo.io, Chainalysis and FTX US.    On today’s episode, NLW looks a set of recent crypto news, including: A veto of California’s version of New York’s BitLicense bill  A new DARPA initiative to study crypto as a national security issue IRS issues “John Doe” summons on crypto tax issues Tension around the CFTC as lead crypto regulator   - Nexo is a security-first plat...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.    On this week’s “Long Reads Sunday,” NLW reads America’s Middle Class is Vanishing by Eric Basmajian and Powell is no Volker by James Lavish. - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundamentals including real-tim...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.    On this edition of the “Weekly Recap,” NLW looks at: The market’s reaction to the FOMC, a few days on The “golden handcuffs” in the housing market A recap of the bank CEO hearing on Capitol Hill this week Jesse Powell steps down as Kraken CEO    - Nexo is a security-first platform where you can buy, exchange and borrow against your c...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.    On today’s episode, NLW looks at news that a draft of the House stablecoin bill is now circulating, and would, among other things, set out a two-year ban on algorithmic stablecoins like Terra. He also looks at late breaking news last night that the CFTC has named a DAO as part of an enforcement action, with wide-ranging consequences....

This episode is sponsored by Nexo.io, Chainalysis and FTX US.    On Wednesday, the U.S. Federal Reserve raised the benchmark federal funds rate by 75 basis points, the third consecutive hike of that size. The market expected this, but reacted negatively to projections the federal funds rate will remain elevated all the way through 2023. NLW breaks it down, with an emphasis on why the labor market...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.    On today’s episode, NLW looks at the housing market, which has shifted dramatically in the last six months. Mortgages today cost more than double what they did last year – the biggest year-over-year jump since those numbers started being recorded in 1975. Homebuilder sentiment is down for the ninth consecutive month – the first time...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.  On today’s episode, NLW breaks down the day’s news in terms of how it demonstrates the archetypes of the 2022 crypto bear market, looking at: Market moves A DeFi hack  CBDCs Regulatory enforcement Regulatory positivity Regulatory weirdness Pre-narrative institutionalization Post-narrative institutionalization A slew of random fundraisi...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.    On today’s episode, NLW looks at why bitcoin hit a three-month low over the weekend. He also discusses traders’ predictions about the upcoming interest rate hike at this week’s Federal Open Market Committee meeting and a new enforcement action from the Securities and Exchange Commission.  - Nexo is a security-first platform where you...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.    For this edition of “Long Reads Sunday,” NLW reads and discusses Chris Castiglione’s “Bitcoin Should Change … Slowly,” as well as a Twitter thread by Dan McArdle. - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds by employing five key fundament...

This episode is sponsored by Nexo.io, Chainalysis and FTX US.   On this edition of the “Weekly Recap,” NLW looks at the latest in market action plus how two congressional hearings highlighted differences in the approaches the CFTC and SEC are taking to crypto.  - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your fun...