Latest / Panic Drop Podcast / Tu 15/9 | Daily Crypto & Macro News

Transcript

Tu 15/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:06
  SPEAKER_00: Happy Tuesday everybody.
• 0:08
  SPEAKER_00: Let's get into what's been happening over the past 24 hours because crypto was one
• 0:12
  SPEAKER_00: of the few asset classes in the green while equities Chips sold off,
• 0:16
  SPEAKER_00: so it was a nice day to be in digital assets.
• 0:19
  SPEAKER_00: Chip and AI names led the weakness after Anthropic CEO Dario Amodi called
• 0:25
  SPEAKER_00: for slowing development of the most capable models on safety grounds,
• 0:30
  SPEAKER_00: which sent Nvidia and other AI infrastructure stocks lower.
• 0:34
  SPEAKER_00: NVIDIA CEO Jensen Huang later told President Trump he will not slow down AI development.
• 0:41
  SPEAKER_00: So you've got this fascinating clash between safety concerns
• 0:45
  SPEAKER_00: and competitive pressures playing out in real time.
• 0:49
  SPEAKER_00: President Trump weighed in saying AI and data centers will be
• 0:53
  SPEAKER_00: a greater economic engine than oil,
• 0:55
  SPEAKER_00: gold or the internet and repeated that a $5,000 dividend will happen.
• 1:01
  SPEAKER_00: So he's clearly all in on the AI boom.
• 1:04
  SPEAKER_00: Oil extended its rally after Saudi Arabia shut a key pipeline that bypasses
• 1:10
  SPEAKER_00: the Strait of Hormuz following attacks,
• 1:12
  SPEAKER_00: with WTI trading above $102 and Brent moving toward $105 to $100.
• 1:19
  SPEAKER_00: The 10-year Treasury yield touched or exceeded 5%,
• 1:21
  SPEAKER_00: its highest level since 2007 in some measures, and markets
• 1:34
  SPEAKER_00: Funds are pricing a high probability of a 25 basis point Fed rate hike
• 1:40
  SPEAKER_00: at this week's FOMC meeting.
• 1:44
  SPEAKER_00: The Clarity Act remains the main crypto policy story and it's getting contentious.
• 1:49
  SPEAKER_00: Senator Cynthia Lummis said Democrats will not vote yes no matter what is in
• 1:55
  SPEAKER_00: the text and accuse them of holding the bill hostage.
• 1:59
  SPEAKER_00: Senate Democrats rejected the latest Republican draft over ethics language
• 2:04
  SPEAKER_00: and planned a counter proposal
• 2:06
  SPEAKER_00: while New York Attorney General Letitia James is leading a coalition asking Congress
• 2:11
  SPEAKER_00: to block the bill.
• 2:13
  SPEAKER_00: Ripple CEO Brad Garlinghouse called on the Senate to pass it so there's plenty
• 2:18
  SPEAKER_00: of lobbying happening on both sides.
• 2:21
  SPEAKER_00: The House Financial Services Committee is scheduled to consider
• 2:24
  SPEAKER_00: the Strategic Bitcoin Reserve this Wednesday and the
• 2:27
  SPEAKER_00: The House also unveiled new crypto tax legislation so there's a lot moving on
• 2:33
  SPEAKER_00: the policy front.
• 2:34
  SPEAKER_00: Morgan Stanley's head of digital assets said Bitcoin as digital gold is one of
• 2:40
  SPEAKER_00: the strongest areas of client interest.
• 2:43
  SPEAKER_00: And Kalshi launched gold and silver perpetuals in the US-US spot.
• 2:49
  SPEAKER_00: Bitcoin ETFs recorded hundreds of millions in outflows last week,
• 2:54
  SPEAKER_00: ending a multi-week inflow streak.
• 2:57
  SPEAKER_00: So that's something to monitor.
• 2:59
  SPEAKER_00: Prince Philip of Serbia said he is in conversations with countries
• 3:03
  SPEAKER_00: about Bitcoin adoption,
• 3:05
  SPEAKER_00: adding another name to the growing list of nations exploring this space.
• 3:10
  SPEAKER_00: On the altcoin side, XRP rallied nearly 10% over 24 hours and reclaimed $1.46.
• 3:20
  SPEAKER_00: Almost all altcoins in the Coindesk 100 finished higher on Monday,
• 3:25
  SPEAKER_00: the broadest advance in two weeks.
• 3:28
  SPEAKER_00: BNB chain flipped Solana in DeFi TVL, which is a notable shift in the rankings.
• 3:36
  SPEAKER_00: Etherscan launched a Robinhood crypto chain explorer called RobinScan.
• 3:41
  SPEAKER_00: Edel joined DTCC's Digital Assets Industry Working Group alongside BlackRock
• 3:47
  SPEAKER_00: and Goldman Sachs to support a tokenization service expected in Q4 2026.
• 3:54
  SPEAKER_00: And in a fun bit of gaming news,
• 3:56
  SPEAKER_00: old school RuneScape said using cryptocurrency or meme coins to trade,
• 4:01
  SPEAKER_00: bet on or profit from in-game item prices is not permitted.
• 4:06
  SPEAKER_00: So keep your degen activity separate from your gaming, apparently.
• 4:11
  SPEAKER_00: That's your crypto and finance wrap for today.
• 4:13
  SPEAKER_00: Make sure to follow along and I'll catch you tomorrow with another update.
• 4:17
  SPEAKER_01: Panic Drop is where we find the truth.
• 4:20
  SPEAKER_01: Listen to the Panic Drop.