Latest / Panic Drop Podcast / Th 22/10 | Daily Crypto & Macro News

Transcript

Th 22/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Thursday all and welcome back to the Panic Drop podcast.
• 0:06
  SPEAKER_01: Bitcoin tagged $84,000 yesterday and now sits 25% above its 200 week moving average,
• 0:14
  SPEAKER_01: a line it has always bounced from on the way to new highs.
• 0:18
  SPEAKER_01: The money keeps coming too,
• 0:19
  SPEAKER_01: with spot Bitcoin ETFs pulling in about $550 million over the last two sessions,
• 0:27
  SPEAKER_01: and Polymarket now gives a 67% chance of Bitcoin above 90,000 this year.
• 0:33
  SPEAKER_01: Tesla and SpaceX both confirm they sold zero Bitcoin last quarter,
• 0:39
  SPEAKER_01: so diamond hands all around in Elon land.
• 0:43
  SPEAKER_01: Speaking of Elon,
• 0:45
  SPEAKER_01: Tesla and SpaceX have formed independent committees to explore a merger
• 0:50
  SPEAKER_01: that could create a company worth around $3.5 trillion,
• 0:55
  SPEAKER_01: and SpaceX stock ripped over 15% after JP Morgan more than doubled its target
• 1:01
  SPEAKER_01: to $500.
• 1:03
  SPEAKER_01: Tesla itself had a mixed night with flat revenue of $28 billion
• 1:08
  SPEAKER_01: and operating income down 56%,
• 1:12
  SPEAKER_01: but free cash flow of $1.5 billion crushed what Wall Street expected.
• 1:17
  SPEAKER_01: Then there is Meta,
• 1:19
  SPEAKER_01: which posted record revenue of $64.6 billion, up 26%,
• 1:25
  SPEAKER_01: yet burned $2.1 billion in free cash flow,
• 1:29
  SPEAKER_01: its first negative quarter since going public because AI spending jumped 80%.
• 1:34
  SPEAKER_01: Add a $25 billion privacy ruling and reality labs,
• 1:38
  SPEAKER_01: losing another $4 billion, and that is quite a Wednesday for Zuck.
• 1:43
  SPEAKER_01: Elsewhere,
• 1:44
  SPEAKER_01: IBM and Texas Instruments delivered clean beats,
• 1:48
  SPEAKER_01: Supermicro jumped 9% on a huge revenue upgrade,
• 1:52
  SPEAKER_01: and Lam Research slipped 6% despite record earnings.
• 1:57
  SPEAKER_01: In Washington,
• 1:58
  SPEAKER_01: the US The US finalized its stablecoin rules under the Genius Act,
• 2:03
  SPEAKER_01: and President Trump is set to announce a crackdown on crypto scams.
• 2:07
  SPEAKER_01: Over in altcoin land, Ethereum climbed back to $2,500.
• 2:10
  SPEAKER_01: Ripple launched The first round-the-clock institutional stock trading
• 2:16
  SPEAKER_01: that accepts its RLUSD stablecoin as collateral
• 2:20
  SPEAKER_01: and Solana's Alpenglow upgrade went live,
• 2:24
  SPEAKER_01: cutting finality from almost 13 seconds to just 150 seconds.
• 2:30
  SPEAKER_01: Lighter's token jumped over 20% on plans to apply for a US license and plug-in
• 2:36
  SPEAKER_01: to Robinhood,
• 2:37
  SPEAKER_01: Zikash reclaimed $1,300 and Hyperliquid's vault hit a new all-time high.
• 2:43
  SPEAKER_01: Before the bell today,
• 2:45
  SPEAKER_01: we get Lockheed Martin, Nokia, Comcast, Blackstone, American Airlines, and Valero.
• 2:54
  SPEAKER_01: That is your recap, so make sure to follow me and tune in again tomorrow.
• 3:00
  [music]