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Transcript

Fr 4/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:01
  SPEAKER_01: Panic Drop is where we find the truth.
• 0:04
  SPEAKER_01: Listen to the Panic Drop.
• 0:06
  SPEAKER_00: Happy Friday, everybody.
• 0:08
  SPEAKER_00: Let's get into what's been happening over the past 24 hours
• 0:11
  SPEAKER_00: because risk appetite came roaring back and Bitcoin briefly surged above $82,000.
• 0:15
  SPEAKER_00: The crypto market cap added $135 billion
• 0:21
  SPEAKER_00: U.S. stocks closed sharply higher with the S&P 500 rising 1.1%.
• 0:36
  SPEAKER_00: The Dow gaining 1.2% and the Nasdaq climbing 1.4%.
• 0:38
  SPEAKER_00: Strategy jumped more than 17% and Coinbase gained about 10% as Bitcoin rallied
• 0:42
  SPEAKER_00: with several miners also advancing.
• 0:55
  SPEAKER_00: Fed Governor Christopher Waller said he could support holding rates steady
• 0:59
  SPEAKER_00: if upcoming inflation data shows easing pressures,
• 1:02
  SPEAKER_00: and markets cut September hike odds toward 50% from over 60% in response.
• 1:10
  SPEAKER_00: The yields pulled back and the dollar hit its lowest level since May,
• 1:13
  SPEAKER_00: which is providing a nice tailwind for risk assets.
• 1:17
  SPEAKER_00: Bitcoin's correlation with gold reached a six-year high
• 1:21
  SPEAKER_00: and Bitcoin crossed its 50-week moving average,
• 1:24
  SPEAKER_00: both of which are notable In the last few months,
• 1:26
  SPEAKER_00: we had a few months ago, and we had a few months ago, and we had a few months ago.
• 1:41
  SPEAKER_00: And Polymarket launched perpetual Bitcoin futures with up to 20 times leverage.
• 1:46
  SPEAKER_00: So the product innovation in crypto continues at a rapid pace.
• 1:51
  SPEAKER_00: US national debt now stands at $40.13 trillion, which just keeps climbing higher.
• 1:58
  SPEAKER_00: On the AI front, President Trump said AI will create millions of jobs and help cure diseases.
• 2:05
  SPEAKER_00: OpenAI launched its most powerful model,
• 2:08
  SPEAKER_00: GPT-6 Astra,
• 2:10
  SPEAKER_00: and Mark Zuckerberg told President Trump he opposed Ethereum uses
• 2:13
  SPEAKER_00: a national AI regulator.
• 2:16
  SPEAKER_00: Nvidia announced plans to acquire Hugging Face,
• 2:19
  SPEAKER_00: which would significantly expand their AI ecosystem.
• 2:23
  SPEAKER_00: Oil settled around $91, and Friday's jobs report remains a key event for Fed expectations.
• 2:30
  SPEAKER_00: On the altcoin side, Ethereum traded near $2,500 and lagged some of the other majors.
• 2:37
  SPEAKER_00: XRP led large cap movers with a rally of nearly 5%.
• 2:42
  SPEAKER_00: Paype jumped 13% after on-chain data showed large withdrawals and growing ETF speculation.
• 2:49
  SPEAKER_00: Hype hit a new all-time high, continuing its incredible run.
• 2:54
  SPEAKER_00: Robinhood Chain flipped Solana in 24-hour app revenue and overtook Polygon
• 2:59
  SPEAKER_00: in DeFi TVL, which shows how quickly that ecosystem has grown.
• 3:04
  SPEAKER_00: Doge One on Robinhood Chain rallied 158% after an
• 3:09
  SPEAKER_00: It's where we find the truth.
• 3:10
  SPEAKER_00: Listen to the Panic Drop.