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.

What's going on, guys? It is Wednesday, May 10th, and today we are talking about the inflation

print and what it means for the tightening cycle, how it relates to the debt ceiling negotiations,

and all that juicy macro stuff. Before we get into that, a quick note. If you were enjoying

the breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversations,

come join us on the Breakers Discord. You can find a link of the show notes or go to bit.ly slash

breakdown pod. Also, go check out Bitcoin Builders. We did a show on BRC 20 over the weekend,

and we have a new interview with Jason Meyer that

just dropped this morning. But back to today's show, this week has seen a lot of interesting

fallouts and consequences of last year's crypto chaos. For example, SBF resurfaced with the

request to the judge in his case to throw out seven of the charges he's

accused of. I'm reminded of the line from Dodgeball. It's a bold move, cotton. Let's see how it works out for

him. On top of that, one of 2022's last institutional hanging chads in DCG is in a murky situation

as it goes into mediation around Genesis debt payments that come due this month.

Then there are the reports that big market makers like Jane Street and Jump are pulling away

from the crypto markets after finding themselves facing intense above the surface and likely

behind the scenes political pressure. We will be discussing all of this this week, but today

is inflation day and so we're going to take a quick detour into the macro.

Now, to give a sense of where we are, last week at the FOMC meeting, we got what some folks described as a hawkish pause.

Obviously, the headliner was that the Fed raised rates.

...