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Transcript

Th 10/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:06
  SPEAKER_00: Happy Thursday, everybody.
• 0:07
  SPEAKER_00: Let's get into what's been happening over the past 24 hours because
• 0:11
  SPEAKER_00: the pressure is building on the Clarity Act ahead of the September 15th vote.
• 0:16
  SPEAKER_00: US Treasury Secretary Scott Besant strongly urged the Senate to pass the bill.
• 0:21
  SPEAKER_00: Warning that failure would send a troubling signal that America is unwilling to lead
• 0:27
  SPEAKER_00: on digital assets.
• 0:29
  SPEAKER_00: The National Crypto Association also ran ads in the Wall Street Journal supporting
• 0:34
  SPEAKER_00: the bill so there's a full court We'll see you next time.
• 0:51
  SPEAKER_00: Here's a fun perspective on Bitcoin's appreciation.
• 1:06
  SPEAKER_00: The new iPhone 4 costs 52.79 bitcoin in 2010,
• 1:08
  SPEAKER_00: while the new iPhone 18 costs about 0.02 bitcoin,
• 1:10
  SPEAKER_00: and in 2016 an iPhone cost 1.23 bitcoin versus roughly 0.08 bitcoin.
• 1:21
  SPEAKER_00: Apple unveiled its first foldable iPhone Duo starting at $1,999,
• 1:25
  SPEAKER_00: along with the iPhone 18 Pro at $1,199 and Pro Max
• 1:36
  SPEAKER_00: U.S. stocks closed lower as oil topped $100 a barrel
• 1:51
  SPEAKER_00: The U.S.
• 1:51
  SPEAKER_00: Treasury bought back $12.5 billion of its own debt,
• 1:54
  SPEAKER_00: bringing the monthly total to $25 billion,
• 1:56
  SPEAKER_00: and plans to buy back up to another $6 billion in longer-term debt.
• 2:14
  SPEAKER_00: President Trump said he would issue a $5,000 dividend to every U.S.
• 2:19
  SPEAKER_00: adult if Republicans win the House and Senate,
• 2:22
  SPEAKER_00: and also said the Strait of Hormuz should be renamed the Trump Strait
• 2:26
  SPEAKER_00: and described it as American territory.
• 2:29
  SPEAKER_00: On the housing front,
• 2:31
  SPEAKER_00: US rents fell 0.8% year over year,
• 2:35
  SPEAKER_00: the 39th straight month of declines,
• 2:38
  SPEAKER_00: making renting cheaper than a mortgage in all 50 of the largest metro areas,
• 2:43
  SPEAKER_00: and home inventory Copper hit a fresh record of $14,802.50 per tonne
• 2:46
  SPEAKER_00: on tight supplies.
• 2:59
  SPEAKER_00: The 22-year-old pleaded guilty to stealing $245 million in Bitcoin and spending it
• 3:06
  SPEAKER_00: on luxury homes, cars and private jets.
• 3:09
  SPEAKER_00: On the altcoin side,
• 3:10
  SPEAKER_00: Hunter Biden's Mimcoin laptop is down over 90% to 95% from its peak,
• 3:16
  SPEAKER_00: and he said he has not made a single dollar from it,
• 3:19
  SPEAKER_00: attributing a sharp swing to technical issues that have since stabilised.
• 3:24
  SPEAKER_00: PenPay, billed as the father of Pepe,
• 3:26
  SPEAKER_00: is set for a fair launch on Robinhood Chain tomorrow at 3pm UTC.
• 3:33
  SPEAKER_00: Robinhood Chain leads tokenized equity volume with a 40% market share and the team
• 3:38
  SPEAKER_00: The team behind Penguin on Robinhood chain burned 200 million tokens.
• 3:44
  SPEAKER_00: Solana is generating more than double Robinhood chain's 24-hour app revenue.
• 3:50
  SPEAKER_00: Hyperliquid flipped Ethereum on a key metric,
• 3:53
  SPEAKER_00: and base is That's your crypto and finance wrap for today.
• 3:57
  SPEAKER_00: Make sure to follow along and I'll catch you tomorrow with another update.
• 4:01
  SPEAKER_00: Panic Drop is where we find the truth.
• 4:02
  SPEAKER_00: Listen to the Panic Drop