Latest / Panic Drop Podcast / Sa 07/11 | Daily Crypto & Macro News

Transcript

Sa 07/11 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_00: Happy Saturday all.
• 0:04
  SPEAKER_00: Bitcoin is holding around $75,800
• 0:08
  SPEAKER_00: after briefly slipping under $75,000,
• 0:11
  SPEAKER_00: while US stocks closed mixed as tech bounced back.
• 0:14
  SPEAKER_00: The S&P 500 rose about 0.3%,
• 0:18
  SPEAKER_00: the NASDAQ gained about 1.1%, and the Dow slipped about 0.5%.
• 0:25
  SPEAKER_00: Semiconductors led the rebound,
• 0:27
  SPEAKER_00: with Nvidia up about 3% and AMD
• 0:31
  SPEAKER_00: about 11% after Thursday's brutal sell-off.
• 0:35
  SPEAKER_00: The jobs report came in hot with 165,000 payrolls added in October
• 0:41
  SPEAKER_00: and unemployment falling to 4.1% and Kalshi traders now put about a 78% chance
• 0:48
  SPEAKER_00: on a Fed hike in December.
• 0:50
  SPEAKER_00: On the crypto policy front, the US Treasury is cutting exchange MXC off
• 0:56
  SPEAKER_00: from the American financial system over about $16 billion in illicit flows,
• 1:01
  SPEAKER_00: while a final Labor Department rule that would open 401k plans to crypto reach
• 1:07
  SPEAKER_00: the White House for review.
• 1:09
  SPEAKER_00: In AI land, OpenAI raised $11 billion at a $1.25 trillion valuation
• 1:16
  SPEAKER_00: and Anthropic is eyeing an IPO before Thanksgiving near $1.5 trillion.
• 1:22
  SPEAKER_00: BlackRock ETF clients Strive sold roughly $105 million of Bitcoin and $75 million
• 1:29
  SPEAKER_00: of Ethereum, but Strive added 28,000 Bitcoin in the quarter and now holds
• 1:34
  SPEAKER_00: over 43,000 coins.
• 1:37
  SPEAKER_00: Ethereum sits around It's where we find the truth.
• 1:40
  SPEAKER_00: Listen to the Panic Drop.
• 2:05
  [music]