Latest / Panic Drop Podcast / We 04/11 | Daily Crypto & Macro News

Transcript

We 04/11 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Wednesday all, and what a night it was,
• 0:05
  SPEAKER_01: because Democrats have won both the House and the Senate in the US midterms,
• 0:09
  SPEAKER_01: taking control from Republicans.
• 0:12
  SPEAKER_01: Before anyone panics, CryptoQuant points out that Bitcoin has gone higher 12 months
• 0:18
  SPEAKER_01: after every midterm election since 2010,
• 0:21
  SPEAKER_01: and Stan with Crypto says this could be the most pro-Bitcoin Congress ever.
• 0:26
  SPEAKER_01: Right now, Bitcoin's It sits around $76,600, pretty much flat on the day,
• 0:33
  SPEAKER_01: and Kulshi traders see it reaching $83,000 this month.
• 0:38
  SPEAKER_01: Now the Binance hack story keeps getting wilder.
• 0:42
  SPEAKER_01: It all started with a fake job interview where hackers convinced an engineer
• 0:47
  SPEAKER_01: to download an assignment loaded with malicious code,
• 0:50
  SPEAKER_01: then used an internal AI tool to take control of the wallets,
• 0:54
  SPEAKER_01: and there is no cyber insurance to cover the $6.3 billion hole.
• 0:59
  SPEAKER_01: The good news is that deposits now outpace withdrawals
• 1:02
  SPEAKER_01: with about $1.8 billion flowing back in over a day.
• 1:08
  SPEAKER_01: Meanwhile, Kim Yo-jong rejected talks with the US.
• 1:11
  SPEAKER_01: ZachXBT says the mystery European Victim
• 1:14
  SPEAKER_01: of a $133 million exploit is French bank credit Mutuel Arkea,
• 1:21
  SPEAKER_01: and South Korea may force exchanges to keep 99% of customer assets in cold storage.
• 1:27
  SPEAKER_01: In more hopeful news, Bhutan's Gelefu Central Bank can now hold Bitcoin,
• 1:32
  SPEAKER_01: and the CFTC approved perpetual futures on individual US stocks
• 1:37
  SPEAKER_01: for the very first time.
• 1:40
  SPEAKER_01: Over in stocks, Nvidia passed Apple again as the most valuable company in the world
• 1:45
  SPEAKER_01: at $5 trillion.
• 1:47
  SPEAKER_01: AMD crushed it with $13.4 billion in revenue,
• 1:51
  SPEAKER_01: data center up 97% and a guide of about $17 billion for next quarter,
• 1:57
  SPEAKER_01: while Arista popped 7% after hours and Supermicro posted record sales
• 2:03
  SPEAKER_01: but thinner margins.
• 2:05
  SPEAKER_01: The AI spending race is not slowing either, with Amazon, Google,
• 2:08
  SPEAKER_01: Microsoft and Meta spending $202 billion on capex in a single quarter.
• 2:15
  SPEAKER_01: On the altcoin side, Ethereum is flat around $2,258 As Devcon kicks off in India,
• 2:22
  SPEAKER_01: Binance reopened withdrawals for dozens more Ethereum and Solana tokens,
• 2:26
  SPEAKER_01: Solana Mobile started buying and burning its SKR token,
• 2:30
  SPEAKER_01: and Hyperliquid's co-founder is eyeing tokenized shares of big companies.
• 2:35
  SPEAKER_01: Today we get McDonalds, Uber and Novo Nordisk earnings plus fresh jobs data, so buckle up.
• 2:42
  SPEAKER_01: If you enjoyed this, make sure to follow me and tune in tomorrow for the next one.
• 2:47
  SPEAKER_00: It's where we find the truth. Listen
• 2:50
  [music]