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Transcript

Tu 1/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:05
  SPEAKER_00: Happy Tuesday everybody.
• 0:07
  SPEAKER_00: Let's get into what's been happening over the past 24 hours
• 0:10
  SPEAKER_00: because we're closing out what has been an incredible month for markets.
• 0:15
  SPEAKER_00: The S&P 500 posted its highest monthly close ever and Bitcoin closed U.S.
• 0:20
  SPEAKER_00: Spot Bitcoin ETFs saw $924 million in net inflows last year.
• 0:35
  SPEAKER_00: And crypto ETFs overall attracted $3.2 billion in inflows,
• 0:42
  SPEAKER_00: which was their largest weekly intake since October 2025 with BlackRock's IBI.
• 0:50
  SPEAKER_00: IT leading the charge.
• 0:52
  SPEAKER_00: The corporate Bitcoin buying continues at full speed
• 0:55
  SPEAKER_00: with Strategy buying 4,603 Bitcoin for $370 million
• 0:58
  SPEAKER_00: and Public Company Strive adding 1,800 Bitcoin for $143 million.
• 1:09
  SPEAKER_00: A former Credit Suisse global head of valuation,
• 1:13
  SPEAKER_00: Risk said,
• 1:14
  SPEAKER_00: Bitcoin's worst may be over and expects it to reach $150,000 by late 2027,
• 1:18
  SPEAKER_00: so the long-term outlook
• 1:24
  SPEAKER_00: remains bullish.
• 1:26
  SPEAKER_00: Coinbase CEO Brian Armstrong had some strong words about the Clarity Act,
• 1:32
  SPEAKER_00: saying banks opposing it do not want competition from crypto companies
• 1:37
  SPEAKER_00: and do not want to pay higher rates to their customers.
• 1:40
  SPEAKER_00: He also noted Coinbase now lets users use Bitcoin as collateral for
• 1:45
  SPEAKER_00: a home-down payment without selling it,
• 1:48
  SPEAKER_00: which is a great option for long-term holders.
• 1:52
  SPEAKER_00: On the macro front,
• 1:53
  SPEAKER_00: President Trump called for the Federal Reserve to cut interest rates
• 1:57
  SPEAKER_00: while Fed Chair Kevin Walsh said economic growth in the US appears
• 2:02
  SPEAKER_00: to have strengthened and that the world is seeing a global investment The U.S.
• 2:14
  SPEAKER_00: economy is performing well and Treasury Secretary Besant said oil prices are going
• 2:20
  SPEAKER_00: to come down.
• 2:22
  SPEAKER_00: The US expects Japan to take action to strengthen the yen,
• 2:26
  SPEAKER_00: so currency markets could see some movement soon.
• 2:30
  SPEAKER_00: In a major tech leadership change,
• 2:32
  SPEAKER_00: John Turnus officially became Apple CEO,
• 2:35
  SPEAKER_00: replacing Tim Cook,
• 2:37
  SPEAKER_00: which marks the end of an era at the world's most valuable company.
• 2:43
  SPEAKER_00: On the not-so-great news front,
• 2:45
  SPEAKER_00: the national average price of gasoline was above $4 per gallon every single day
• 2:51
  SPEAKER_00: in August, which is a new record.
• 2:54
  SPEAKER_00: US national debt increased by $715 billion dollars since July 1st while
• 3:01
  SPEAKER_00: the 10-year Treasury yield rose from 4.48% to 4.75% and
• 3:08
  SPEAKER_00: the US bond market has now been in a drawdown for over six years,
• 3:13
  SPEAKER_00: the longest in history.
• 3:16
  SPEAKER_00: Russia's law regulating cryptocurrency officially went into effect,
• 3:21
  SPEAKER_00: adding another major economy to the list of countries with formal crypto rules.
• 3:26
  SPEAKER_00: On the altcoin side,
• 3:28
  SPEAKER_00: Bitwise's XRPETF surpassed $500 million in assets under management just nine months
• 3:36
  SPEAKER_00: after launch, which shows strong demand for XRP exposure.
• 3:41
  SPEAKER_00: Tom Lee's Bitmine bought 53,501 Ethereum last week,
• 3:47
  SPEAKER_00: bringing its total holdings to 5.9 million Ethereum, which is a massive position.
• 3:54
  SPEAKER_00: Solana printed its first green monthly candle since September 2025,
• 3:59
  SPEAKER_00: and Hyperliquid is in talks with Kraken parent Payward about
• 4:03
  SPEAKER_00: a potential US market entry, which would be huge for Hype.
• 4:08
  SPEAKER_00: OpenSea now supports Solana NFT's expanding options for collectors.
• 4:14
  SPEAKER_00: Telegram CEO Pavel Durov announced that the Gram Wallet inside Telegram is ready
• 4:21
  SPEAKER_00: and will be gradually rolled out to overflow.
• 4:23
  SPEAKER_00: That's your crypto and finance wrap for today.
• 4:25
  SPEAKER_00: Make sure to follow along and I'll catch you tomorrow with another update.
• 4:29
  SPEAKER_00: Panic Drop is where we find the truth.
• 4:31
  SPEAKER_00: Listen to the Panic Drop.