Latest / Panic Drop Podcast / Daily Crypto & Macro News - Th 21/08/2025

Transcript

Daily Crypto & Macro News - Th 21/08/2025 · Panic Drop Podcast

• 0:00
  SPEAKER_00: Well,
• 0:00
  SPEAKER_00: good morning,
• 0:00
  SPEAKER_00: everyone,
• 0:01
  SPEAKER_00: and happy Thursday to you all,
• 0:02
  where we're starting off with some absolutely massive
• 0:05
  predictions as Coinbase CEO
• 0:07
  SPEAKER_00: Brian Armstrong just called Bitcoin hitting $1 million by 2030,
• 0:13
  which sounds wild until you consider that publicly traded
• 0:16
  Mingxin Group Holdings is
• 0:18
  SPEAKER_00: raising $500 million to buy Bitcoin.
• 0:21
  Eric Trump is hinting that countries are actively mining and
• 0:24
  buying Bitcoin.
• 0:25
  And Brazil just held its first hearing about a national
• 0:28
  strategic Bitcoin reserve.
• 0:30
  Tether CEO Paolo Arduano thinks the US should look at Bitcoin
• 0:35
  as its own hedge
• 0:36
  SPEAKER_00: against the dollar.
• 0:37
  Senator Cynthia Lummis says the market structure bill will be
• 0:40
  done this year.
• 0:41
  SPEAKER_00: And Michael Saylor's out here telling everyone to ignore the bears.
• 0:45
  Though Fidelity apparently didn't get the memo as they sold
• 0:48
  21.25 Bitcoin worth
• 0:51
  SPEAKER_00: 246.8 million and 36,250 Ethereum worth 150.8 million.
• 0:59
  The macro picture is getting interesting with Chinese cities
• 1:02
  targeting 70% AI chip
• 1:04
  SPEAKER_00: self-sufficiency to counter Nvidia,
• 1:06
  SPEAKER_00: UK inflation rising to 3.8%,
• 1:09
  SPEAKER_00: which is the highest in 19 months,
• 1:11
  SPEAKER_00: New Zealand cotting rates to 3%,
• 1:14
  SPEAKER_00: and Indonesia dropping to 5%.
• 1:17
  SPEAKER_00: Speaking of interesting developments,
• 1:18
  SPEAKER_00: we just saw 1 billion USDT minted on Ethereum while China is considering
• 1:23
  SPEAKER_00: Yuan-backed stablecoins for cross-border use.
• 1:27
  SPEAKER_00: The FOMC minute stated that payment stablecoins could improve efficiency,
• 1:32
  SPEAKER_00: Fed Governor Waller says stablecoins are part of a payments revolution.
• 1:36
  Goldman Sachs thinks the potential market for crypto
• 1:39
  stablecoins is in the trillions.
• 1:41
  SPEAKER_00: BNB just reached a new all-time high of $880.
• 1:46
  And MetaWin launched a free 1.3 million USDT prize draw for NFT
• 1:51
  holders because
• 1:52
  SPEAKER_00: apparently even the gambling platforms are feeling generous these days.
• 1:56
  SPEAKER_00: That's your Thursday crypto and markets wrap up.
• 1:59
  SPEAKER_00: And if you're enjoying these daily updates,
• 2:00
  SPEAKER_00: hit subscribe or leave us a review on your favorite podcast platform.
• 2:04
  SPEAKER_00: And I'll see you back here tomorrow for more market madness.