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Transcript

Tu 20/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Tuesday all, and what a start to the week it was for Bitcoin.
• 0:07
  SPEAKER_01: Michael Saylor's strategy picked up another 267 Bitcoin for about $22 million,
• 0:13
  SPEAKER_01: though it spent almost nine times that buying back its own
• 0:19
  SPEAKER_01: While Strive went much bigger with 1,223 Bitcoin for roughly $100 million,
• 0:22
  SPEAKER_01: taking its stack to more than 36,000 coins.
• 0:24
  SPEAKER_01: Over in Japan,
• 0:32
  SPEAKER_01: Metaplanet is buying Super League for 2,100 Bitcoin,
• 0:37
  SPEAKER_01: which hands it a US-listed treasury platform.
• 0:40
  SPEAKER_01: Price-wise, Bitcoin reclaimed $83,000 and is bouncing off its 50-day moving average.
• 0:48
  SPEAKER_01: A level that has historically marked the start of bull runs.
• 0:52
  SPEAKER_01: And fun fact, it is now less volatile than 57% of S&P 500 companies.
• 0:59
  SPEAKER_01: Polymarket bettors give it a 56% chance of topping 90%.
• 1:02
  SPEAKER_01: The banks keep piling in too.
• 1:07
  SPEAKER_01: Germany's Sparkerson network is opening crypto trading to 40 million customers,
• 1:13
  SPEAKER_01: Deutsche Bank is eyeing crypto custody in Asia,
• 1:16
  SPEAKER_01: and Anchor Watch Elon Musk launched Bitcoin custody with up to $370 million
• 1:22
  SPEAKER_01: of insurance per client.
• 1:24
  SPEAKER_01: On the macro side,
• 1:25
  SPEAKER_01: Elon Musk promised one SpaceX share to every kid in America next year,
• 1:30
  SPEAKER_01: and President Trump thanked him for it.
• 1:33
  SPEAKER_01: Reports say a deal between Washington and Tehran could land this week.
• 1:37
  SPEAKER_01: The Fed is set to inject over $14 billion into markets.
• 1:42
  SPEAKER_01: And Jamie Dimon says the US economy is booming.
• 1:45
  SPEAKER_01: Stocks were a mixed bag.
• 1:47
  SPEAKER_01: The Nasdaq up over 1% and Amazon jumping about 5% while most stocks still closed lower.
• 1:55
  SPEAKER_01: And Silence Therapeutics more than doubled on a Merck buyout.
• 1:59
  SPEAKER_01: Today we get earnings from GE, GM,
• 2:02
  SPEAKER_01: RTX Now,
• 2:06
  SPEAKER_01: Ethereum,
• 2:07
  SPEAKER_01: where JP Morgan is bringing its JPM coin deposit token on-chain
• 2:12
  SPEAKER_01: so institutions can move money around the clock,
• 2:15
  SPEAKER_01: and Tom Lee's BitMine scooped up another Twelve and a half thousand Ethereum.
• 2:19
  SPEAKER_01: Stablecoins had a big day as well,
• 2:22
  SPEAKER_01: with Visa teaming up with Mesh to make crypto spendable at 175 million merchants
• 2:29
  SPEAKER_01: and Mastercard launching a tool to make stablecoin payments safer.
• 2:33
  SPEAKER_01: Citi called Aave one of the most important real-world use cases
• 2:37
  SPEAKER_01: for tokenized finance,
• 2:39
  SPEAKER_01: BlackRock is pushing tokenized assets into traditional banking,
• 2:44
  SPEAKER_01: and Binance burned about $1.2 billion worth of BNB.
• 2:50
  SPEAKER_01: Solana's daily app revenue was 12 times higher than Robinhood's chain,
• 2:54
  SPEAKER_01: and Kinetic is launching a Layer 2 for Hyperliquid on November 9th.
• 3:00
  SPEAKER_01: That's your roundup for today,
• 3:01
  SPEAKER_01: so if you enjoyed it, give me a follow and tune in again tomorrow.
• 3:05
  [music]