CoinDesk Podcast Network - BREAKDOWN: Why Yesterday Was One of the Most Illuminating Days in Bitcoin’s History

A perfect confluence of macro events and market structure. 

This episode is sponsored by NYDIG. 

Yesterday was quite the day. A 6.2% inflation print led to a new bitcoin all-time high. Within hours, however, BTC’s price crashed 10% on an overall risk-off move in markets. That was precipitated by rumors that China’s Evergrande was about to default on its debts. NLW argues that the moves show how market structure and macro realities impact bitcoin. 

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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Ildar Abulkhanov/iStock/Getty Images Plus, modified by CoinDesk.



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Focus on Africa - South Africa’s ex-President FW de Klerk dies at 85

FW de Klerk, the former president of South Africa and the last white person to lead the country, has died at the age of 85. We speak to Joseph Boakai, Liberia's former vice president. Does he have what it takes to win power from George Weah? A Sudanese a court has ordered the three main telecommunications providers to restore internet access in the country.

Stuff They Don't Want You To Know - Listener Mail: Memes and War, Recurring Dreams and Blue-blocking Cosmetics

Anne asks for more information about the weird world of memetic warfare. Voodoo shares a strange story about a recurring dream that just might have predicted some events in the waking world. Bronze Ranked Boomer wonders about the efficacy of blue-blocking cosmetics. All this and more in this week's Listener Mail.

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Lost Debate - Manhattan’s Next District Attorney on the Trump Investigation, Policing, Reform, Race, Rikers, and Eric Adams

We speak to Alvin Bragg, Manhattan’s incoming District Attorney about the Trump investigation he’s inheriting, major reforms he’s proposed to policing and prosecution, the role of race in the criminal justice system, efforts to fix Rikers Island, and his relationship with the NYPD and the incoming mayor, Eric Adams. 


Resisting Arrest:

New Manhattan DA: Fewer Resisting Arrest Charges.

We speak to Alvin Bragg, Manhattan’s incoming District Attorney about his plan to deemphasize resisting arrest charges. 


Trump: 

New Manhattan DA on Why He Won’t Recuse Himself from the Trump Investigation.

We speak to Alvin Bragg, Manhattan’s incoming District Attorney about the Trump investigation he’s inheriting and whether she should recuse himself. 

CBS News Roundup - World News Roundup: 11/11

Judge considers a possible mistrial in the Kyle Rittenhouse case. January 6th document fight intensifies. Arlington's Tomb of the Unknown Soldier turns 100. CBS News Correspondent Steve Kathan has today's World News Roundup.

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Headlines From The Times - Why we forget U.S. violence toward Chinatowns

This fall, a commemoration in downtown Los Angeles marked the 150th anniversary of when a mob lynched 18 Chinese men and boys — one of the biggest such killings in American history. The recent memorial comes in a year when many similar remembrances have bloomed across the United States. Anti-Asian hate crimes have soared during the pandemic, but that has also spurred an interest in learning the long, and long-hidden, history of such bigotry.

 

 

More reading: 

History forgot the 1871 Los Angeles Chinese massacre, but we’ve all been shaped by its violence

L.A.'s memorial for 1871 Chinese Massacre will mark a shift in how we honor history

The racist massacre that killed 10% of L.A.’s Chinese population and brought shame to the city

White residents burned this California Chinatown to the ground. An apology came 145 years later

The Phil Ferguson Show - 399 Emily Stewart, ESG, MLM, VIX and A Super Shitty Fund follow up

Interview with writter Emily Stewart.

From her VOX bio

"Emily writes about the intersection of business, politics, and the economy. She is specifically interested in how people experience the forces of capitalism and money. Prior to joining Vox, Emily covered politics at The Street, including the rise of Donald Trump and the stock market’s reaction to politics and policy. She graduated from Columbia University and resides in Brooklyn, New York."

Investing Skeptically: The VIX and a Super Shitty fund follow up.