Latest / Panic Drop Podcast / Fr 18/9 | Daily Crypto & Macro News

Transcript

Fr 18/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:06
  SPEAKER_00: Happy Friday, everybody.
• 0:07
  SPEAKER_00: Let's get into what's been happening over the past 24 hours because there's a lot
• 0:10
  SPEAKER_00: to unpack as we close out the week.
• 0:13
  SPEAKER_00: The Strategic Bitcoin Reserve Bill advanced in
• 0:15
  SPEAKER_00: the House Financial Services Committee with Charles Schwab saying the move could be
• 0:20
  SPEAKER_00: a huge first step to So despite the Clarity Act setback in the Senate,
• 0:26
  SPEAKER_00: there's still momentum building on other crypto legislation.
• 0:29
  SPEAKER_00: The bullish Bitcoin calls keep coming
• 0:31
  SPEAKER_00: with JP Morgan saying Bitcoin could outperform gold if ETF hedging demand,
• 0:37
  SPEAKER_00: Bloomberg ETF analyst Eric Balshunas saying Bitcoin ETFs should ultimately triple
• 0:43
  SPEAKER_00: gold in assets as younger investors treat Bitcoin as their store of value.
• 0:47
  SPEAKER_00: And Rick Edelman, founder of a $337 billion asset manager,
• 0:51
  SPEAKER_00: Predicting Bitcoin will reach $500,000 by 2030 and comparing buying Bitcoin today
• 0:57
  SPEAKER_00: to buying Amazon in 1999.
• 1:00
  SPEAKER_00: CryptoQuant said fewer Bitcoin holders are underwater,
• 1:03
  SPEAKER_00: making a return to a bear market increasingly unlikely So the on-chain data supports
• 1:08
  SPEAKER_00: the bullish thesis.
• 1:10
  SPEAKER_00: Stocks bounced with the Nasdaq up 1.7% and the S&P 500 up 1.1%
• 1:16
  SPEAKER_00: with semiconductors leading the rebound as Arm gained 8.6%, Intel
• 1:23
  SPEAKER_00: AMD 6.5% and Micron 5.5%.
• 1:27
  SPEAKER_00: NVIDIA CEO Jensen Huang said the company expects to sell twice
• 1:31
  SPEAKER_00: as many chips next year,
• 1:33
  SPEAKER_00: which is quite the statement given how dominant they already are.
• 1:36
  SPEAKER_00: On the regulatory front,
• 1:37
  SPEAKER_00: the SEC approved
• 1:39
  SPEAKER_00: a temporary conditional innovation exemption allowing limited on-chain trading
• 1:44
  SPEAKER_00: of tokenized NMS stocks,
• 1:47
  SPEAKER_00: with Chair Paul Atkins saying approving tokenized stock trading would help keep
• 1:51
  SPEAKER_00: The global leader in financial infrastructure NYSE is working on 24-7
• 1:57
  SPEAKER_00: on chain stock trading through an in-development ATS platform
• 2:01
  SPEAKER_00: and said Avalanche checks a lot of boxes for that build so the traditional finance
• 2:06
  SPEAKER_00: and crypto rails are really starting to merge.
• 2:09
  SPEAKER_00: The CFTC said developers can build passive trading software,
• 2:13
  SPEAKER_00: including for crypto markets, without registering as brokers subject to conditions.
• 2:19
  SPEAKER_00: Democrats said they remain committed to passing the CryptoClarity Act,
• 2:23
  SPEAKER_00: so that story isn't over yet.
• 2:25
  SPEAKER_00: The US Treasury bought back $2.385 billion of its own debt and markets are pricing
• 2:32
  SPEAKER_00: a tighter Fed path with 22 of 25 major banks expecting another hike
• 2:37
  SPEAKER_00: and Goldman Sachs expecting a 25
• 2:42
  SPEAKER_00: Global central banks are splitting with Hong Kong and Saudi Arabia hiking while Brazil cut.
• 2:49
  SPEAKER_00: US gas prices hit $4.43 a gallon,
• 2:52
  SPEAKER_00: the highest ever for this point in September,
• 2:55
  SPEAKER_00: while Retail diesel reached an all-time high of $6.40,
• 2:59
  SPEAKER_00: and the average 30-year mortgage rate rose to 6.95%, the highest since January 2025.
• 3:07
  SPEAKER_00: The US sanctioned Bitbank for supporting the Iranian Spot Silver extended gains,
• 3:13
  SPEAKER_00: up 5% at $66.13 an ounce.
• 3:17
  SPEAKER_00: Polymarket put Democrats at 60% to take the Senate and 90% to take the House in
• 3:23
  SPEAKER_00: the midterms, the highest odds to date.
• 3:26
  SPEAKER_00: The Financial Times reported that researchers used anthropic models to hack open AI,
• 3:31
  SPEAKER_00: which is quite the headline.
• 3:33
  SPEAKER_00: On the altcoin side,
• 3:34
  SPEAKER_00: Ripple now supports AI agent payments with XRP and RLUSD using
• 3:39
  SPEAKER_00: a payment standard Co-created by Stripe and Tempo.
• 3:43
  SPEAKER_00: Kevin O'Leary said he was wrong to think Ethereum would become the standard across sectors.
• 3:48
  SPEAKER_00: Zcash surpassed $1500.
• 3:51
  SPEAKER_00: And Hyperliquid flipped Solana in total circulating USDC.
• 3:56
  SPEAKER_00: Rob Dog on Robinhood Chain rallied 300% in 24 hours.
• 4:01
  SPEAKER_00: And Mae Musk quoting a post about her dog-themed coin Cali-fueled speculation around that token.
• 4:07
  SPEAKER_00: That's your crypto and finance wrap for today.
• 4:10
  SPEAKER_00: Make sure to follow along and I'll catch you next week with another update.
• 4:14
  SPEAKER_01: Panic Drop is where we find the truth.
• 4:17
  SPEAKER_01: Listen to the Panic Drop.