The State of Play in Fed Commentary and the Crypto Contagion

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 19 November 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Circle and Kraken. On this edition of the “Weekly Recap,” NLW follows the path of the crypto contagion including the latest from FTX, Silvergate Bank and Genesis Lending. He also looks at the slate of officials the Federal Reserve trotted out to tamp down market enthusiasm following signs the pace of inflation may be slowing. - 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 earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. - Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com. - “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 "Back To The End" by Strength To Last. Image credit: Brooks Kraft/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.
0:15.3	The breakdown is sponsored by nexo.io, Circle, and Cracken, and produced and distributed by CoinDest.
0:22.8	What's going on, guys? It is Saturday, November 19th, and that means it's time for the weekly recap.
0:28.2	Now, before we dive in, there are two ways to listen to the Breakdown Podcast.
0:32.0	You can find us on the Coin Desk Podcast Network, which comes out every day in the afternoon,
0:35.6	and also features other great Coin Desk shows, or you can listen on the Breakdown-only feed, which comes out every day in the afternoon and also features other great coin desk shows, or you can listen on the breakdown-only feed, which comes out a few hours later.
0:41.7	Wherever you are listening, if you would take the time to leave a rating or review, I would
0:45.5	so appreciate it.
0:47.3	All right, guys, this is the last news-style show before the holiday and the grateful for
0:52.1	Bitcoin Week.
0:53.5	Tomorrow we have another long read Sunday, which is, coincidentally, a follow-up in some
0:57.6	ways to last week's Proof-Ref Reserve show.
0:59.8	To again give you guys a preview of Grateful for Bitcoin, it is exactly what it sounds like.
1:04.3	It's a six-part interview series on all sorts of different aspects of Bitcoin, from
1:08.0	mining to lightning and beyond.
1:10.6	This is my second year of doing
1:11.8	grateful for Bitcoin around Thanksgiving, but we're expanding the series this year alongside the
1:16.0	broader Back to Basics theme that we've got here at the breakdown for the rest of the year.
1:20.0	And thanks once again to Cracken for being a partner in that series. The point is that coming
1:24.3	starting Monday, we will have a new interview every day except Thanksgiving
1:27.5	day itself. That means a week with no breaking news, but I kind of think everyone is ready for that,
	...

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