Big surprise, today Robin Hood put even more limitations on what users could do on its app.

They cited, quote, extraordinary market conditions to temporarily turn off instant buying power for

crypto. My feeling is good riddance. This is an app that wouldn't even let you withdraw your Bitcoin.

Who needs them? But still, for that set of users who's there, it's just yet another betrayal.

Coinbase has absolutely surged as people try to get off Robin Hood, and Coinbase and

Krakken and other apps have actually struggled to keep up with the load today.

The point is, something is shifting, it's all connected, and we can all feel it.

Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by nexo.io and produced and distributed by CoinDesk.

What's going on, guys? It is Friday, January 29th, and today we're talking Elon.

Now, just a little bit of housekeeping before we start, you may notice that the audio is

a little more echoey than normal.

As you guys know, I moved this week, and the new studio isn't fully set up, so apologies

for that. We should

be back to normal quality by the beginning of next week. Now, let's talk about the brief or the

absence of the brief. Usually I do the brief. It's three topics. It's a way to tell other

stories that aren't the main thing I want to discuss in the day to keep you guys posted on what's

going on in the macro world.

But right now, everything is so heightened. It feels like what matters isn't these sort of smaller detail stories. Like, am I really going to cover another initial jobless claims report

today? Instead, right now, what feels like it matters is taking the space to try to make the

connections between everything.

...