Latest / Panic Drop Podcast / Th 29/10 | Daily Crypto & Macro News

Transcript

Th 29/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Thursday all, and the Fed has spoken.
• 0:05
  SPEAKER_01: Rates stay at 3.75-4%,
• 0:08
  SPEAKER_01: but the vote was 10-2,
• 0:10
  SPEAKER_01: and the two dissenters actually wanted a hike,
• 0:13
  SPEAKER_01: while Chair Kevin Walsh flatly said inflation is too high, so no,
• 0:17
  SPEAKER_01: the punch-bolts As the goal is not coming back just yet,
• 0:19
  SPEAKER_01: Bitcoin took it in stride,
• 0:21
  SPEAKER_01: slipping about 1% to just under $80,000,
• 0:25
  SPEAKER_01: even as spot Bitcoin ETFs pulled in $176 million on Tuesday and BlackRock climbed
• 0:32
  SPEAKER_01: Bitwise is feeling bold,
• 0:33
  SPEAKER_01: raising its Bitcoin target to $1.6 million by 2036,
• 0:37
  SPEAKER_01: and Senator Bill Haggerty says growing the US strategic
• 0:47
  SPEAKER_01: A strategic Bitcoin reserve
• 0:49
  SPEAKER_01: beyond 200,000 coins could come very soon once market structure legislation is done.
• 0:56
  SPEAKER_01: Treasury Secretary Scott Besant added that stablecoins can strengthen the dollar and
• 1:01
  SPEAKER_01: that Treasury will move on crypto rules with or without Congress.
• 1:06
  SPEAKER_01: Abroad,
• 1:07
  SPEAKER_01: Brazil's biggest bank Itaú became the first bank registered as a crypto provider
• 1:13
  SPEAKER_01: under the new rules and Thailand's Supreme Court now recognizes Bitcoin
• 1:18
  SPEAKER_01: as legal property.
• 1:21
  SPEAKER_01: In Big Tech it was a split screen.
• 1:23
  SPEAKER_01: Microsoft beat on revenue and earnings with Azure up 48%,
• 1:29
  SPEAKER_01: while Alphabet just missed on revenue and slid more than 7% after hours,
• 1:34
  SPEAKER_01: even though Google Cloud more than doubled to almost $31 billion.
• 1:39
  SPEAKER_01: Google also previewed a crypto custody system for banks and reports say OpenAI wants
• 1:45
  SPEAKER_01: to buy Google's AI chips.
• 1:47
  SPEAKER_01: Fortinet had the roughest night,
• 1:49
  SPEAKER_01: plunging over 20% after cutting its services outlook despite a While KLA,
• 1:55
  SPEAKER_01: Ford and FedEx all raised the bar.
• 1:59
  SPEAKER_01: Today we get GDP,
• 2:00
  SPEAKER_01: PCE inflation and jobless claims,
• 2:03
  SPEAKER_01: the ECB decision and earnings from Eli Lilly,
• 2:07
  SPEAKER_01: Caterpillar and Mastercard, So buckle up.
• 2:10
  SPEAKER_01: On the crypto side,
• 2:11
  SPEAKER_01: Ethereum is down about 1.5% near $2,315 even
• 2:18
  SPEAKER_01: with Fidelity clients buying $28 million worth.
• 2:22
  SPEAKER_01: Ripple keeps stacking wins with its RLUSD stablecoin now live on Coinbase
• 2:28
  SPEAKER_01: and Moody's handing it strong deposit ratings.
• 2:32
  SPEAKER_01: Meanwhile,
• 2:33
  SPEAKER_01: 33 big US companies from Microsoft to JP Morgan said no thanks
• 2:38
  SPEAKER_01: to having their stocks tokenized on a planned OKEx and ICE exchange
• 2:43
  SPEAKER_01: and Solana co-founder Anatoly Yakovenko fired back that They should go private then.
• 2:49
  SPEAKER_01: Hyperliquid Labs is unstaking 180,000 hype tokens for its team.
• 2:55
  SPEAKER_01: Phantom is rolling prediction markets out to all US users.
• 2:59
  SPEAKER_01: And Euronext suspended a brand new Zcash product on its very first trading day,
• 3:06
  SPEAKER_01: which is quite the debut.
• 3:08
  SPEAKER_01: That's your Thursday recap.
• 3:09
  SPEAKER_01: If you enjoyed it, make sure to follow me and tune in tomorrow for the next one.
• 3:16
  SPEAKER_00: Listen to the Panic Drop.
• 3:18
  [music]