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

• 0:02
  SPEAKER_00: It's where we find the truth.
• 0:05
  Listen.
• 0:06
  SPEAKER_01: Happy Wednesday, everybody.
• 0:07
  SPEAKER_01: Let's get into what's been happening over the past 24 hours,
• 0:11
  SPEAKER_01: because we've got a significant technical development for Bitcoin.
• 0:15
  SPEAKER_01: Bitcoin crossed the Golden Cross formation,
• 0:19
  SPEAKER_01: which is a setup that previously preceded the $126,200 all-time high in May 2025.
• 0:23
  SPEAKER_01: So the technical traders are certainly paying attention to this one.
• 0:32
  SPEAKER_01: Corporate Bitcoin buying continues with Strive purchasing 1,375 Bitcoin
• 0:36
  SPEAKER_01: for $109 million and French company Capital B buying 376 Bitcoin for $25.3 million.
• 0:48
  SPEAKER_01: Block applied to the OCC to establish Builders Bank and Trust,
• 0:52
  SPEAKER_01: which would offer federally regulated custody and fiduciary services for Bitcoin
• 0:58
  SPEAKER_01: and stablecoins,
• 0:59
  SPEAKER_01: showing how traditional finance infrastructure is increasingly being built around
• 1:04
  SPEAKER_01: crypto.
• 1:06
  SPEAKER_01: On the regulatory front,
• 1:07
  SPEAKER_01: the US Senate is set to hold a procedural cloture vote on the Clarity Act next week,
• 1:14
  SPEAKER_01: though Senator Cynthia Lummis warned that failing
• 1:17
  SPEAKER_01: to pass it would mean no realistic shot before the end of the decade.
• 1:21
  SPEAKER_01: While Republicans expect the bill to fail.
• 1:24
  SPEAKER_01: Crypto Super PAC Fairshake launched national TV ads pushing the Clarity Act
• 1:30
  SPEAKER_01: and calling out big banks, with AARP endorsing key provisions.
• 1:35
  SPEAKER_01: So there's significant lobbying effort behind this.
• 1:40
  SPEAKER_01: To put long-term performance into perspective,
• 1:43
  SPEAKER_01: over the last 10 years, NVIDIA is up 14,572%, Bitcoin
• 1:50
  SPEAKER_01: S&P 500 earnings are now projected to surge 34% in 2026, more than
• 2:05
  SPEAKER_01: More than double the 15% growth expected at the start of the year,
• 2:10
  SPEAKER_01: driven by an AI boom without a preceding recession.
• 2:14
  SPEAKER_01: On the global front, China's holdings of US treasuries fell to the lowest level since 2008.
• 2:21
  SPEAKER_01: And China posted a $119 billion trade surplus in August.
• 2:26
  SPEAKER_01: Canada's retaliatory tariffs on select US imports officially took effect.
• 2:32
  SPEAKER_01: And the Bank of Japan is expected to hike its key interest rate
• 2:36
  SPEAKER_01: by 0.25 percentage points at its September meeting.
• 2:41
  SPEAKER_01: Since the start of the Iran conflict,
• 2:43
  SPEAKER_01: European natural gas is up 143%, WTI crude oil 41%, and heating oil 78%.
• 2:46
  SPEAKER_01: Iran is using Bitcoin and UAE.
• 2:55
  SPEAKER_01: USDT to bypass US sanctions according to the Financial Times,
• 3:00
  SPEAKER_01: and Tehran demanded new conditions from Washington to resume negotiations.
• 3:06
  SPEAKER_01: A former OpenAI and Anthropic researcher resigned citing fears that The AI race
• 3:11
  SPEAKER_01: towards self-improving superintelligence could destroy humanity by the end of
• 3:17
  SPEAKER_01: the decade, which is certainly a sobering perspective.
• 3:20
  SPEAKER_01: About $188 million in long positions were liquidated across crypto in
• 3:26
  SPEAKER_01: the past 24 hours,
• 3:28
  SPEAKER_01: and Kalshi traders are pricing in a possible drop for Bitcoin as low
• 3:32
  SPEAKER_01: as $74,000 this month.
• 3:36
  SPEAKER_01: Short-term Bitcoin whale profits also hit a record $9.07
• 3:41
  SPEAKER_01: billion, raising sell-off risk.
• 3:45
  SPEAKER_01: Robinhood is taking a minority stake in crypto.com as part of a prediction markets
• 3:52
  SPEAKER_01: On the altcoin side,
• 3:53
  SPEAKER_01: Tether froze approximately 39.27 million USDT across 10 addresses linked to
• 4:01
  SPEAKER_01: the Jinbi Guarantee escrow platform on Tron.
• 4:05
  SPEAKER_01: Bitcoin Mine bought $70 million of Ethereum last week,
• 4:09
  SPEAKER_01: bringing total holdings to $14.7 billion.
• 4:25
  SPEAKER_01: XRP was the best performing top 10 crypto over the past 7 days despite the broader pullback.
• 4:32
  SPEAKER_01: Visa said crypto stablecoin cards are
• 4:34
  SPEAKER_01: in hypergrowth mode Cracken launched Cracken wrapped hype,
• 4:38
  SPEAKER_01: backed one to one in Cracken custody and usable across DeFi on Inc.
• 4:44
  SPEAKER_01: Pump.fun flipped ponds in 24 hour revenue
• 4:48
  SPEAKER_01: and hyper liquid listed useless meme coin perpetuals with up
• 4:52
  SPEAKER_01: to three times leverage.
• 4:54
  SPEAKER_01: That's your crypto and finance wrap for today.
• 4:57
  SPEAKER_01: Make sure to follow along and I'll catch you tomorrow with another update.
• 5:04
  SPEAKER_00: It's where we find the truth.
• 5:06
  SPEAKER_00: Listen to the Panic Drop.