Latest / Panic Drop Podcast / Sa 20/09 | Daily Crypto & Macro News

Transcript

Sa 20/09 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:00
  good morning crypto fam and what a wild day it's been in the
• 0:03
  markets let's dive
• 0:05
  right into the biggest story that has everyone talking bitcoin
• 0:09
  has now been
• 0:10
  profitable for over 99.5 percent of its entire existence which
• 0:15
  is absolutely
• 0:16
  mind-blowing when you think about it speaking of bitcoin
• 0:19
  milestones we're seeing
• 0:20
  some fascinating technical indicators emerge with the pi cycle
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  top suggesting we
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  SPEAKER_00: could see bitcoin peak above 194 500 this cycle
• 0:29
  while mining difficulty just hit a new all-time high showing
• 0:33
  the network's incredible strength.
• 0:35
  SPEAKER_00: The institutional adoption story keeps getting crazier too,
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  with Harvard University now holding more in Bitcoin ETFs than
• 0:42
  they do in Google
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  SPEAKER_00: shares,
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  and Fidelity dropping another massive buy of 836.75 Bitcoin
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  worth $97.7 million.
• 0:52
  SPEAKER_00: Over in the Ethereum space,
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  SPEAKER_00: Fidelity wasn't done there,
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  SPEAKER_00: scooping up 34,740 Ethereum worth $157.5 million,
• 1:02
  while Metamask is getting ready to launch in wallet perpetuals
• 1:05
  trading through
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  SPEAKER_00: Hyperliquid,
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  SPEAKER_00: which should be a game changer for DeFi users.
• 1:09
  The regulatory and business news is equally explosive with FTX
• 1:13
  finally set to
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  SPEAKER_00: distribute $1.6 billion to creditors on September 30th,
• 1:19
  X cracking down on employees involved in account bribery
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  schemes for crypto
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  SPEAKER_00: reinstatements,
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  SPEAKER_00: and XAI raising a staggering $10 billion at a $200 billion valuation.
• 1:31
  SPEAKER_00: President Trump had quite the day too,
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  SPEAKER_00: confirming TikTok deal approval after chatting with President Xi Jinping,
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  with the US government expecting to rake in multi-billion
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  dollar fees from the
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  SPEAKER_00: arrangement.
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  plus signing that executive order imposing a $100,000 annual
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  fee on H1B visas that
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  SPEAKER_00: has tech companies buzzing.
• 1:53
  SPEAKER_00: In the altcoin universe,
• 1:55
  Solana's co-founder dropped the hot take that everything with
• 1:58
  revenues should have
• 1:59
  SPEAKER_00: a token,
• 2:00
  SPEAKER_00: while Hyperliquid announced three times leverage trading for Asta,
• 2:05
  and we saw some interesting moves with GameStop collaborating
• 2:08
  with content creator
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  SPEAKER_00: DMArchive on his ROI Creator token.
• 2:12
  Grayscale's digital large cap fund officially went live
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  featuring Bitcoin,
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  SPEAKER_00: Ethereum,
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  SPEAKER_00: XRP,
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  SPEAKER_00: Solana,
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  SPEAKER_00: and Cardano,
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  SPEAKER_00: giving traditional investors another pathway into crypto.
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  SPEAKER_00: That's your Saturday crypto.
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  SPEAKER_00: And markets wrap.
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  SPEAKER_00: Hope you found something useful in there,
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  and I'll catch you tomorrow with whatever chaos the markets
• 2:32
  throw at us next.