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The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 27 August 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Chainalysis and FTX US. On this edition of the “Weekly Recap,” NLW looks at: A new stock settlement system The latest on the arrested Tornado Cash developer The passing of hedge fund legend Julian Robertson - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.8	The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Saturday, August 27th, and that means it's time for the weekly
0:27.8	recap. One quick note before we dive in. There are two ways to listen to the Breakdown Podcast.
0:34.0	You can hear it on the CoinDesk Podcast Network, which comes out every afternoon and features other great shows alongside the breakdown.
0:39.6	Or you can listen on the breakdown only feed, which comes out a few hours later in the evening.
0:43.8	Wherever you listen, if you would be so kind as to take the time to leave a rating or a review, I hugely appreciate it.
0:51.0	Also a disclosure, as always. In addition to them being a sponsor of the show,
0:54.5	I also work with FTX. Finally, I'd love to tell you about CoinDesk's new event, the investing in
1:00.5	digital enterprises and assets summit or ideas, which is designed to facilitate capital flow and
1:05.4	market growth by connecting the digital economy with traditional finance. Join CoinDesk October 18th and 19th in New York
1:12.0	City for a 360-degree investment experience, where you can source and invest in the next big deal
1:17.5	in digital assets. Use code breakdown 20 for 20% off a general pass and register today at
1:23.1	coindesk.com slash ideas. So on the macro side and the crypto side, there have been big themes that
1:29.3	have dominated the week. In crypto, the entire discussion continues to be about censorship.
1:34.4	The tornado cash developer arrested in the Netherlands is still in prison without charges,
1:38.1	although we have a little bit more on that later. Tether has said that they're not going to
1:41.6	blacklist the addresses that OFAC has sanctioned until law enforcement tells them to explicitly. And then there's the discussion of how these
1:48.7	sanctions and other theoretical actions like them in the future might impact censorship
1:52.9	on the Ethereum base layer. In macro and traditional markets, obviously there has been
1:57.4	tons of debate around student loan forgiveness and its implications for inflation.
	...

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