The Breakdown

This episode is sponsored by Nexo.io, Circle and Kraken.   On today’s episode, NLW looks at the latest FTX contagion discussion. He examines the Genesis withdrawal shutdown and growing question of whether it has exposed parent company Digital Currency Group to larger financial issues.    (Genesis Global Capital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)  - 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: treety/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

This episode is sponsored by Nexo.io, Circle and Kraken.   Today NLW covers two major updates in the FTX saga. The first is first-day declarations by FTX’s new CEO John J. Ray III that argue that, in short, FTX is worse run than Enron. The second are messages between Sam and a Vox reporter in which Sam  lets the veneer of ethics down and reveals his true beliefs about power.    - 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: Greg Smith/Corbis via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

This episode is sponsored by Nexo.io, Circle and Kraken.   On today’s episode, NLW covers the latest fallout from the FTX collapse. Genesis Capital has paused withdrawals and loan origination, which has also led to Gemini pausing its Earn program. NLW also covers the latest in why last week’s CPI print may not be as bullish as it seems and why Apple plans to move semiconductor manufacturing onshore.    (Genesis Global Capital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)  - 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: zhuweiyi49/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

This episode is sponsored by Nexo.io, Circle and Kraken.   On today’s episode, NLW explores the state of the market in the wake of the collapse of FTX and Alameda Research. He looks at hedge funds that have reported funds stuck on FTX as well as overall liquidity conditions. He also looks at the divergence between crypto and other risk assets over the last two weeks. - 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 “Razor Red” by Sam Barsh. Image credit: Alex Wong/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

As NLW said on each day’s show, “in addition to them being a sponsor of the show, I also work with FTX.” On today’s show, NLW gives an insider’s view of the timeline, from the beginnings of trouble as the crypto community turned on Sam Bankman-Fried for his role in shaping industry regulations to the chaotic week that saw FTX go from high flyer to bankrupt. Along the way, [NLW] shares how he and other FTX employees felt as they realized that they, along with the rest of the crypto industry, had been duped, lied to and defrauded.    “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 “War” by Enoch Yang. Image credit: Danny Nelson/CoinDesk, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

This episode is sponsored by Nexo.io and Circle.   On this edition of the “Weekly Recap,” NLW looks at some small but potentially significant shifts to the Office of Foreign Assets Control’s sanctions against Tornado Cash, the Securities and Exchange Commission’s victory over LBRY and more.  - 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. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl 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 “War” by Enoch Yang. Image credit: Staff/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

This episode is sponsored by Nexo.io and Circle.   Jon Wu works on growth with Aztec Network and is a deep thinker when it comes to the challenges of privacy in a digital age. In this conversation, he and NLW discuss privacy from a principle and ethics standpoint, zero-knowledge proofs and whether technology could solve problems that many think only public policy holds an answer for.    Find out guest on Twitter: @jonwu_ - 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. - “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 “War” by Enoch Yang. Image credit: Camerique/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

This episode is sponsored by Nexo.io, and Circle Editor's note: This interview was recorded on Oct. 24 and so it doesn’t reference the events of the last week.  On today’s “Breakdown” interview, NLW is joined by Miller Whitehouse-Levine, policy director at the DeFi Education Fund. They discuss the state of regulatory discourse in Washington, D.C., along with key recent events including Treasury Department sanctions.  Find our guest on Twitter: @millercwl - 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. - “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 “War” by Enoch Yang. Image credit: Stephanie Keith/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

This episode is sponsored by Nexo.io, Circle and FTX US.   On today’s episode, NLW looks at the U.S. election results, including pro-crypto candidates who were elected (or re-elected) and what the overall balance of power means for crypto and business in general. He also previews Thursday’s October inflation numbers, which will be one of the key pieces of data that will influence Federal Reserve actions in December.  - 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. - 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. - “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 “War” by Enoch Yang. Image credit: Alex Wong/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

This episode is sponsored by Nexo.io, Circle and FTX US.   In today’s interview, NLW talks with returning guest Tyrone Ross about the state of financial advice and why the biggest institutions in the world are spending the bear market gearing up for the next cycle. They also discuss Tyrone’s new 401 Financial and Turnqey Labs ventures.    Find our guest on Twitter: @TR401 - 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. - 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. - “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 “War” by Enoch Yang. Image credit: Yutthana Gaetgeaw/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.