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Transcript

Mo 28/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:05
  SPEAKER_00: Happy Monday everyone and welcome back to your daily rundown of the last 24 hours
• 0:10
  SPEAKER_00: in crypto and markets.
• 0:11
  SPEAKER_00: Let's start with some pain.
• 0:13
  SPEAKER_00: More than 270 million dollars got liquidated across crypto,
• 0:17
  SPEAKER_00: hitting over 101,000 traders so if your weekend leverage felt spicy,
• 0:22
  SPEAKER_00: you're not alone.
• 0:23
  SPEAKER_00: The big buyers aren't blinking though.
• 0:25
  SPEAKER_00: Michael Saylor is teasing another Bitcoin purchase
• 0:28
  SPEAKER_00: with his classic even more orange hint and the Strive CEO joined in saying it's time
• 0:33
  SPEAKER_00: to turn amplification up some more.
• 0:36
  SPEAKER_00: Over in tech,
• 0:37
  SPEAKER_00: China is reporting They're reportedly weighing whether to let ByteDance
• 0:40
  SPEAKER_00: and Alibaba buy new Nvidia chips.
• 0:42
  SPEAKER_00: That's fitting because Nvidia is now worth about 5.4 trillion dollars,
• 0:47
  SPEAKER_00: nearly 2 trillion more than every Russell 2000 company combined.
• 0:52
  SPEAKER_00: Nvidia made 193 billion in profit last year, while the whole Russell 2000 lost 13 billion.
• 0:59
  SPEAKER_00: Meanwhile,
• 0:59
  SPEAKER_00: President Trump is set to host Anthropic CEO Dario Amadei at
• 1:04
  SPEAKER_00: a private White House dinner.
• 1:06
  SPEAKER_00: And here's a painful what-if.
• 1:08
  SPEAKER_00: Had FTX simply held its investments instead of liquidating,
• 1:12
  SPEAKER_00: that portfolio would be worth roughly $206 billion today,
• 1:17
  SPEAKER_00: with big stakes in Anthropix, SpaceX, Robinhood and Solana.
• 1:21
  SPEAKER_00: In California,
• 1:22
  SPEAKER_00: Governor Gavin Newsom signed a law banning public officials from issuing meme coins,
• 1:27
  SPEAKER_00: so no politician tokens there.
• 1:29
  SPEAKER_00: On the macro side,
• 1:31
  SPEAKER_00: Saudi oil exports hit their highest level since the Iran war began,
• 1:35
  SPEAKER_00: up almost 80% this month to 6 million barrels a day,
• 1:39
  SPEAKER_00: thanks to a new US secured route through the Strait of Hormuz.
• 1:43
  SPEAKER_00: Brent spiked to $110 after a pipeline attack, but has cooled since.
• 1:49
  SPEAKER_00: Drivers aren't feeling the relief yet,
• 1:50
  SPEAKER_00: with US gas averaging $4.48 a gallon,
• 1:54
  SPEAKER_00: 42% above last year,
• 1:56
  SPEAKER_00: and the 30-year mortgage rate at 7.03%, its highest since January 2025.
• 2:03
  SPEAKER_00: Also wild, a record 34% of US household wealth now sits with Americans aged 70 and older.
• 2:11
  SPEAKER_00: Politically,
• 2:11
  SPEAKER_00: polymarket has Democrats favored to take the Senate at 63% and the House at 93%,
• 2:18
  SPEAKER_00: while Trump's approval sits at 37%,
• 2:21
  SPEAKER_00: the lowest of any president heading into a midterm.
• 2:24
  SPEAKER_00: Earnings this week bring Carnival and CarMax on Tuesday,
• 2:27
  SPEAKER_00: Micron on Wednesday after the close, and Accenture and Nike on Thursday.
• 2:32
  SPEAKER_00: And in Altcoin land, things got weird as usual.
• 2:35
  SPEAKER_00: Delray ripped 1200% in a day after repeated engagement from Maymusk,
• 2:40
  SPEAKER_00: with traders It's where we find the truth.
• 2:42
  SPEAKER_00: Listen to the Panic Drop.