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Transcript

Sa 31/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Saturday all and welcome to a weekend that starts with some serious hangover energy.
• 0:08
  SPEAKER_01: The Binance hack is still the story of the week and blockchain investigators
• 0:12
  SPEAKER_01: at TRM Labs now say North Korea's elite hacking unit Trader Trader is behind
• 0:17
  SPEAKER_01: the 6.3%.
• 0:17
  SPEAKER_01: $3 billion heist, officially the largest crypto hack in history.
• 0:22
  SPEAKER_01: Binance set aside $6.34 billion of its own money to cover every user loss,
• 0:28
  SPEAKER_01: with $3 billion still frozen.
• 0:31
  SPEAKER_01: And CZ summed it up nicely.
• 0:33
  SPEAKER_01: It hurts, but we survive.
• 0:36
  SPEAKER_01: Even President Trump says he is looking into it and
• 0:40
  SPEAKER_01: the CFTC wants tougher security rules plus a federal registration option
• 0:45
  SPEAKER_01: for exchanges.
• 0:47
  SPEAKER_01: Meanwhile, $1.68 billion got liquidated.
• 0:52
  SPEAKER_01: But Wales scooped up more than 2,500 Bitcoin on the dip,
• 0:57
  SPEAKER_01: spot Bitcoin ETFs pulled in 440 million over four sessions,
• 1:02
  SPEAKER_01: and Franklin Templeton launched two new ETFs that mixed stocks with
• 1:07
  SPEAKER_01: a little Bitcoin.
• 1:08
  SPEAKER_01: Bitcoin itself is holding around $77,000, down about 1%.
• 1:11
  SPEAKER_01: Now Wall Street, oof.
• 1:15
  SPEAKER_01: Friday wiped out $1.8 trillion, the Nasdaq fell almost 3% and closed October down about 5%.
• 1:24
  SPEAKER_01: Intel crashed about 29% on weak guidance,
• 1:28
  SPEAKER_01: Reddit dropped around 30% as Google's AI search sends it less traffic,
• 1:33
  SPEAKER_01: and crypto stocks like Coinbase and Strategy fell more than 10%.
• 1:38
  SPEAKER_01: Apple quietly passed Nvidia as the most valuable company in the world,
• 1:43
  SPEAKER_01: while Exxon and Chevron reminded everyone that oil still pays.
• 1:48
  SPEAKER_01: Over in altcoin land, Ethereum is flat around $2,236.
• 1:54
  SPEAKER_01: The Secret Service is working with Circle to chase the stolen funds.
• 1:58
  SPEAKER_01: Synthetix recovered its stolen tokens and in a twist nobody saw coming,
• 2:03
  SPEAKER_01: the hacker accidentally sent about $3.5 million of tokens into a contract
• 2:09
  SPEAKER_01: where they are now locked forever.
• 2:11
  SPEAKER_01: Jupiter Lend is dealing with a liquidity crunch,
• 2:15
  SPEAKER_01: Velocity paused deposits to keep dirty money out,
• 2:18
  SPEAKER_01: and Ondo launched tokenized portfolios on Solana with BlackRock in the mix.
• 2:25
  SPEAKER_01: Hyperliquid cooled off after its big run,
• 2:28
  SPEAKER_01: Polymarket opened gold and silver markets, and Vitalik says he left X for Firefly.
• 2:35
  SPEAKER_01: That's your recap, so follow along and tune in tomorrow for more.
• 2:40
  [music]