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Th 1/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:04
  SPEAKER_00: Happy Thursday all and let's get into what happened over the past 24 hours because
• 0:09
  SPEAKER_00: the macro picture is heating up in a big way.
• 0:12
  SPEAKER_00: US spot Bitcoin ETFs just recorded nine straight days of inflows totaling $3.07 billion.
• 0:19
  SPEAKER_00: Which is a remarkable streak,
• 0:21
  SPEAKER_00: though Fidelity clients did sell $125 million worth of Bitcoin,
• 0:27
  SPEAKER_00: so not everyone is buying.
• 0:29
  SPEAKER_00: On the money supply front USM2 hit an all-time high,
• 0:32
  SPEAKER_00: which historically has been bullish The bond market is telling a different story
• 0:38
  SPEAKER_00: because the 10-year Treasury yield rose to 5.304%,
• 0:41
  SPEAKER_00: which is the highest since May 2002, and the 30-year ended at 5.64%.
• 0:50
  SPEAKER_00: The US bond market fell 2.6% in September alone,
• 0:55
  SPEAKER_00: making it one of the worst months in 30 years,
• 0:58
  SPEAKER_00: and core PCE inflation came in at 3% in August marking the 66th straight month
• 1:04
  SPEAKER_00: above.
• 1:04
  SPEAKER_00: The Fed's 2% target with at least one more rate hike expected before year end.
• 1:11
  SPEAKER_00: President Trump added fuel to the fire
• 1:13
  SPEAKER_00: by saying Federal Reserve Chair Jerome Powell should be forced to resign from
• 1:17
  SPEAKER_00: the board so that relationships
• 1:22
  SPEAKER_00: The Treasury is set to buy back up to $6 billion
• 1:26
  SPEAKER_00: in longer term debt, which should provide some relief.
• 1:29
  SPEAKER_00: Looking at equities,
• 1:30
  SPEAKER_00: the S&P 500 only fell half a percent in September,
• 1:34
  SPEAKER_00: but that number This is deceiving because 78% of its stocks actually finished lower
• 1:38
  SPEAKER_00: and the Equal Weight Index dropped 4.5%,
• 1:41
  SPEAKER_00: so the mega caps are masking a lot of pain underneath.
• 1:45
  SPEAKER_00: In earnings news,
• 1:46
  SPEAKER_00: Micron absolutely crushed it with Q4 revenue of $54.23 billion
• 1:51
  SPEAKER_00: and adjusted earnings per share of $33.42,
• 1:54
  SPEAKER_00: both ahead of estimates,
• 1:55
  SPEAKER_00: plus a stronger Q1 guide and an 87% gross margin, which is insane.
• 2:05
  SPEAKER_00: Jabil also beat on AI demand with revenue of $10.62 billion and
• 2:09
  SPEAKER_00: a raised fiscal 2027 outlook,
• 2:12
  SPEAKER_00: while Hewlett-Packard Enterprise rose after a $1.2 billion order
• 2:17
  SPEAKER_00: for AMD Helios AI racks.
• 2:20
  SPEAKER_00: Google unveiled Gemini 4 calling it their most powerful AI model yet,
• 2:25
  SPEAKER_00: and a judge approved Paramount's $110 billion acquisition of Warner Brothers,
• 2:30
  SPEAKER_00: which is a massive media consolidation.
• 2:33
  SPEAKER_00: On the regulatory side,
• 2:34
  SPEAKER_00: Senate Republicans introduced a crypto tax bill and SEC chair Paul Atkins said
• 2:39
  SPEAKER_00: the agency is working on clearer rules for crypto markets,
• 2:43
  SPEAKER_00: while TD Cowan published research saying Bitcoin is evolving from an asset into
• 2:48
  SPEAKER_00: a capital markets ecosystem, which is a pretty bullish framing from a major firm.
• 2:53
  SPEAKER_00: The EU is questioning Binance over continued operations despite an order
• 2:58
  SPEAKER_00: to wind down, so that situation bears watching.
• 3:02
  SPEAKER_00: In other corporate news,
• 3:03
  SPEAKER_00: Ryan Cohen bought another 450,000 GameStop shares,
• 3:07
  SPEAKER_00: taking his September purchases above 2.6 million shares.
• 3:12
  SPEAKER_00: Robinhood unveiled an app AI agent that can research markets and execute
• 3:18
  SPEAKER_00: And Florida Governor Ron DeSantis said the US should never have
• 3:24
  SPEAKER_00: a central bank digital currency.
• 3:27
  SPEAKER_00: In Altcoin Land Visa, Stripe,
• 3:29
  SPEAKER_00: Shopify,
• 3:30
  SPEAKER_00: Coinbase and MasterCard backed The launch of Stablecoin Open USD on Solana, Base,
• 3:36
  SPEAKER_00: Ethereum and Tempo,
• 3:37
  SPEAKER_00: with $1 billion in launch liquidity,
• 3:40
  SPEAKER_00: which is a massive endorsement from traditional finance,
• 3:44
  SPEAKER_00: Binance Pay launched USDT payments At PayPay locations across Japan,
• 3:50
  SPEAKER_00: Bitwise clients bought $5.75 million of Solana,
• 3:54
  SPEAKER_00: and alleged DPRK linked attackers began shielding
• 3:58
  SPEAKER_00: about $2,700 Zcash worth $3.8 million from the BitJit exploit.
• 4:04
  SPEAKER_00: That's your Thursday update.
• 4:05
  SPEAKER_00: I'll see you all tomorrow.
• 4:07
  SPEAKER_01: Panic Drop is where we find the truth.
• 4:10
  SPEAKER_01: Listen to the Panic Drop.