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Financial Postmodernism and the Great Inflation Debate

This Best of The Breakdown August 2020 edition features commentary from Hugh Hendry, Preston Pysh and Adam Tooze.

Updated Sep 14, 2021, 9:50 a.m. Published Sep 1, 2020, 7:00 p.m.
(mphillips007/Getty Images)
(mphillips007/Getty Images)

This Best of The Breakdown August 2020 edition features commentary from Hugh Hendry, Preston Pysh and Adam Tooze.

STORY CONTINUES BELOW
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For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

August has come to a close. In this recap and “best of” episode, NLW looks at the big themes that defined the month. Most notable was the discussion of inflation culminating in the Federal Reserve’s newly announced policy of average inflation targeting.

See also: How Much Should We Fear Post-Crisis Debt or Inflation? Feat. Adam Tooze

This episode features commentary from:

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Что нужно знать:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Bitcoin dips, but quickly recovers as U.S. captures Venezuela's Maduro

Nicolas Maduro

The U.S. overnight launched a military strike against Venezuela, capturing President Nicolas Maduro and his wife and extracting them from the country.

Что нужно знать:

  • The U.S. captured Venezuelan President Nicolas Maduro and his wife after a brief military operation Saturday morning, according to President Trump.
  • Crypto prices suffered a brief, modest drop on the first reports of the military action, but have since recovered.