Latest / Panic Drop Podcast / Fr 25/9 | Daily Crypto & Macro News

Transcript

Fr 25/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:06
  SPEAKER_00: Happy Friday, everybody.
• 0:07
  SPEAKER_00: Let's get into what's been happening over the past 24 hours because we've got a mix
• 0:11
  SPEAKER_00: of bullish Bitcoin news and a major security incident to cover.
• 0:15
  SPEAKER_00: BlackRock ETF clients bought $162.63 million worth of Bitcoin
• 0:21
  SPEAKER_00: Bitcoin and US spot Bitcoin ETFs took in $346.9 million yesterday,
• 0:28
  SPEAKER_00: bringing net inflows over the past five trading sessions to $2.65 billion.
• 0:36
  SPEAKER_00: Institutional demand remains absolutely relentless.
• 0:40
  SPEAKER_00: Bitcoin reclaimed $84,000 as the momentum continues.
• 0:45
  SPEAKER_00: However,
• 0:45
  SPEAKER_00: we did have some bad news as BitGit confirmed over $350 million was drained
• 0:52
  SPEAKER_00: from hot wallets in a major hack,
• 0:55
  SPEAKER_00: with the exchange later saying the incident is likely linked to North Korea.
• 0:59
  SPEAKER_00: Cold wallets remain secure,
• 1:02
  SPEAKER_00: user funds are covered by a protection fund of about $464 million,
• 1:07
  SPEAKER_00: and withdrawals were temporarily paused during a security review,
• 1:11
  SPEAKER_00: so it seems like they're handling it responsibly,
• 1:13
  SPEAKER_00: but it's a reminder The CFTC released updated guidance covering Bitcoin, crypto,
• 1:22
  SPEAKER_00: tokenized assets and blockchain technology,
• 1:25
  SPEAKER_00: continuing the regulatory clarity we've been seeing.
• 1:29
  SPEAKER_00: The Treasury bought back $4 billion of its own debt, bringing the monthly total to $37 billion.
• 1:38
  SPEAKER_00: U.S. diesel prices hit a record $6.53 per gallon,
• 1:44
  SPEAKER_00: It's about 94% since the Iran war began and the US asked major refiners
• 1:50
  SPEAKER_00: to voluntarily reduce diesel exports while also discussing a deal with Iran
• 1:55
  SPEAKER_00: to reopen the Strait of Hormuz.
• 1:59
  SPEAKER_00: Flip meta surpassed SpaceX to become the 7th largest company
• 2:04
  SPEAKER_00: at $1.96 trillion vs $1.95 trillion,
• 2:07
  SPEAKER_00: closing up 3.6% and hitting a new 52 week high on
• 2:14
  SPEAKER_00: On the Kinect 2026 story,
• 2:17
  SPEAKER_00: Muse AI and new hardware integrations,
• 2:21
  SPEAKER_00: Costco reported Q4 revenue of $95.7 billion, up 11% year over year.
• 2:30
  SPEAKER_00: And ahead of estimates, with digitally enabled comps up 19.8%.
• 2:35
  SPEAKER_00: Oracle fell about 6% after reports it invoked force majeure on its $165 billion project.
• 2:43
  SPEAKER_00: Jupiter AI data center due to infrastructure delays and MGM dropped about 11%
• 2:51
  SPEAKER_00: after Barry Diller's People Inc. Withdrew an $18 billion plus takeover proposal.
• 2:58
  SPEAKER_00: U.S.
• 2:58
  SPEAKER_00: Congressman Lance Gooden said Bitcoin and AI are redefining the global balance of power.
• 3:04
  SPEAKER_00: And Saifedean Amu said Bitcoin needs to reach about $150,000 before the next halving
• 3:11
  SPEAKER_00: to surpass previous-era mining rewards.
• 3:15
  SPEAKER_00: President Trump said he wants to leave superintelligence exactly where it is and
• 3:19
  SPEAKER_00: that China agrees,
• 3:21
  SPEAKER_00: while Xi said China's door is open and welcomed U.S. firms to invest.
• 3:27
  SPEAKER_00: DeepSeek raised $7.5 billion at a $75 billion valuation
• 3:33
  SPEAKER_00: with annualized revenue hitting $1 billion,
• 3:36
  SPEAKER_00: and Google introduced Gemini 3.8 Live with a live avatar.
• 3:42
  SPEAKER_00: On the altcoin side,
• 3:43
  SPEAKER_00: the Federal Reserve proposed a new regulatory framework for stablecoin issuers under
• 3:49
  SPEAKER_00: the Genius Act.
• 3:51
  SPEAKER_00: Tether CEO Paolo Arduino discussed Tether adoption on Bitcoin with Morgan Stanley,
• 3:57
  SPEAKER_00: saying USDT on Bitcoin is coming home.
• 4:02
  SPEAKER_00: Ondo launched intelligent portfolios turning BlackRock strategies into single on-chain tokens.
• 4:09
  SPEAKER_00: NASDAQ selected Pyth Network to distribute real-time US equity data through
• 4:14
  SPEAKER_00: the Pyth data marketplace.
• 4:17
  SPEAKER_00: Binance announced a spot listing for hype,
• 4:20
  SPEAKER_00: after which the token dropped below $90,
• 4:23
  SPEAKER_00: and PenPay on Robinhood chain rose 70% in 24 hours.
• 4:28
  SPEAKER_00: That's your crypto and finance wrap for today.
• 4:31
  SPEAKER_00: Make sure to follow along, and I'll catch you next week with another update.
• 4:35
  SPEAKER_01: Panic Drop is where we find the truth.
• 4:38
  SPEAKER_01: Listen to the Panic Drop.