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We 2/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:05
  SPEAKER_00: Happy Wednesday, everybody.
• 0:06
  SPEAKER_00: Let's get into what's been happening over the past 24 hours because things got
• 0:11
  SPEAKER_00: a bit spicy overnight.
• 0:13
  SPEAKER_00: Bitcoin briefly fell under $77,000 and Ethereum dropped under $2,400 as the US
• 0:20
  SPEAKER_00: And Iran exchanged strikes,
• 0:22
  SPEAKER_00: with $100 million liquidated from the crypto market in just 60 minutes.
• 0:29
  SPEAKER_00: Brent crude oil surged over $95 in response to the escalating tensions.
• 0:35
  SPEAKER_00: BlackRock clients sold 2,605 Bitcoin worth $201 million,
• 0:43
  SPEAKER_00: which is notable given the recent inflow streak,
• 0:46
  SPEAKER_00: though it's worth mentioning
• 0:47
  SPEAKER_00: that BlackRock's IBIT has Still outperformed its S&P 500 ETF since launching
• 0:55
  SPEAKER_00: in 2024.
• 0:57
  SPEAKER_00: Meanwhile,
• 0:58
  SPEAKER_00: El Salvador added another Bitcoin to its strategic reserve
• 1:02
  SPEAKER_00: and now holds $7,762 billion.
• 1:06
  SPEAKER_00: So President Bukil keeps stacking regardless of price action.
• 1:11
  SPEAKER_00: On the regulatory front,
• 1:12
  SPEAKER_00: the SEC proposed new rules supporting blockchain technology
• 1:16
  SPEAKER_00: for securities offerings, share transfers and official returns.
• 1:21
  SPEAKER_00: And also announced a roundtable to prepare for 24-hour stock market trading
• 1:26
  SPEAKER_00: with panelists including Citi, UBS, NYSE, NASDAQ,
• 1:32
  SPEAKER_00: BlackRock,
• 1:33
  SPEAKER_00: Robinhood,
• 1:34
  SPEAKER_00: Citadel, So, the push for around-the-clock trading continues to gain momentum.
• 1:41
  SPEAKER_00: In earnings news,
• 1:43
  SPEAKER_00: Dell Technologies posted a strong quarter driven by AI demand
• 1:47
  SPEAKER_00: with record $60.9 billion in AI server orders and a $95 billion backlog,
• 1:55
  SPEAKER_00: raising its fiscal year 27 revenue guide by $25 billion.
• 2:02
  SPEAKER_00: MongoDB, GitLab,
• 2:04
  SPEAKER_00: Palo Alto Networks and Credo also beat estimates and raised guidance,
• 2:10
  SPEAKER_00: so AI demand remains robust across the board.
• 2:14
  SPEAKER_00: Google is set to unveil Gemini 3.8% Flash as soon as today,
• 2:18
  SPEAKER_00: according to the Wall Street Journal,
• 2:21
  SPEAKER_00: and Nvidia said physical AI could ultimately be 10 times larger than digital AI,
• 2:27
  SPEAKER_00: which is a pretty bold prediction about the future of robotics
• 2:30
  SPEAKER_00: and embodied intelligence.
• 2:32
  SPEAKER_00: The U.S.
• 2:33
  SPEAKER_00: Army awarded Palantir a prime agreement
• 2:36
  SPEAKER_00: for eight new Titan ground stations plus technology integration.
• 2:41
  SPEAKER_00: New Apple CEO John Ternus is slated to receive a $58 million payment.
• 2:47
  SPEAKER_00: On the macro side, US national debt increased by $715 billion since July 1st,
• 3:02
  SPEAKER_00: While the 10-year Treasury yield rose from 4.48% to 4.75%.
• 3:11
  SPEAKER_00: Charlie Bolello argued the Fed should hike rates by 50 basis points this month
• 3:16
  SPEAKER_00: after earlier cuts that he called a policy mistake,
• 3:20
  SPEAKER_00: which is a contrarian take but worth considering given sticky inflation.
• 3:25
  SPEAKER_00: Kalshi traders forecast Bitcoin could go as low as $72,000 this month,
• 3:31
  SPEAKER_00: while Polymarket currently shows a 59% chance it finishes the month above $82,500,
• 3:37
  SPEAKER_00: so predictions are all over the place.
• 3:42
  SPEAKER_00: On the altcoin side,
• 3:44
  SPEAKER_00: Bank of America, Citi,
• 3:46
  SPEAKER_00: Goldman Sachs,
• 3:47
  SPEAKER_00: and 18 other global banks are teaming up to launch their own crypto stablecoin,
• 3:53
  SPEAKER_00: which is a massive development for institutional adoption.
• 3:57
  SPEAKER_00: Athena launched Athena Pay,
• 4:00
  SPEAKER_00: a global neobank built exclusively on Avalanche,
• 4:04
  SPEAKER_00: where users can save, send,
• 4:06
  SPEAKER_00: and spend USDE worldwide from their phone with rewards in AVAX
• 4:11
  SPEAKER_00: on qualifying card transactions.
• 4:14
  SPEAKER_00: Solana printed its first green monthly candle since September 2025.
• 4:20
  SPEAKER_00: The Robinhood chain ecosystem continues to heat up,
• 4:23
  SPEAKER_00: generating $2.2 million in revenue yesterday with total tokenized values.
• 4:29
  SPEAKER_00: A trader is up over $8.5 million on paper after putting $21,200 into
• 4:33
  SPEAKER_00: a Robinhood memecoin paired with tokenized NVIDIA.
• 4:44
  SPEAKER_00: Which is absolutely wild.
• 4:48
  SPEAKER_00: Robinhood is set to launch an NFT collection on Robinhood Chain on September 7th
• 4:55
  SPEAKER_00: with a supply of $9,999 at $20 each.
• 5:01
  SPEAKER_00: That's your crypto and finance wrap for today.
• 5:04
  SPEAKER_00: Make sure to follow along and I'll catch you tomorrow with another update.
• 5:08
  SPEAKER_01: Panic Drop is where we find the truth.
• 5:13
  SPEAKER_01: Listen to the Panic Drop.