4.8 • 786 Ratings
🗓️ 17 August 2022
⏱️ 18 minutes
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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 Tuesday, August 16th, and today we are talking about an update |
0:28.2 | about how crypto companies can access the Federal Reserve System. Before we get into that, |
0:34.3 | however, if you are 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 conversation, |
0:41.3 | come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash |
0:45.9 | breakdown pod. Also, a disclosure as always, in addition to them being a sponsor of the show, |
0:51.1 | I also work with FTX. |
0:53.5 | Listen, this is what summer is supposed to feel like. |
0:58.3 | Right now, and by right now, I mean literally today, could be wrong even by the time you're hearing |
1:02.9 | this. Markets are pretty tame. They seem to have settled into a bit of an equilibrium where |
1:07.7 | moves are small in either direction. You can tell that markets are pretty |
1:11.3 | tame because people have a lot of time on Twitter to argue about complete and utter BS. Right now, |
1:17.6 | we're in the phase where people decide to pick fights about stuff they hate. See, for example, |
1:22.3 | Kobe's fight with the entire NFT space. Now, obviously, there are some things that have big fallout that we're still |
1:28.4 | dealing with. Tornado Cash has been a huge topic of conversation, and it's now morphed into a |
1:34.2 | discussion about censorship at the base layer and how Ethereum's move to proof of stake |
1:38.7 | potentially impacts compliance with sanctions at that level, which frankly feels like a really |
1:43.6 | important conversation. |
1:45.4 | We haven't really seen potential regulatory fallout from the UST, Celsius, and 3AC failures, |
1:51.0 | but that's something that could be in our future. But still, at least for this moment, |
... |
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