Latest / Panic Drop Podcast / Sa 8/11 | Daily Crypto & Macro News

Transcript

Sa 8/11 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:00
  SPEAKER_00: Good morning, everyone.
• 0:00
  SPEAKER_00: Welcome back to another edition of the Panic Drop podcast,
• 0:04
  where we break down everything that happened in crypto and
• 0:06
  finance over the past 24
• 0:08
  SPEAKER_00: hours.
• 0:09
  SPEAKER_00: So let's dive right in because Bitcoin had quite the ride,
• 0:12
  SPEAKER_00: briefly touching $104,000 before settling back around $102,200.
• 0:18
  SPEAKER_00: And while that's happening,
• 0:19
  SPEAKER_00: BlackRock clients decided to take some profits,
• 0:22
  SPEAKER_00: selling off $127.17 million worth of Bitcoin.
• 0:28
  SPEAKER_00: But here's the kicker.
• 0:29
  SPEAKER_00: If Bitcoin manages to push up to $115,000,
• 0:33
  we're looking at $9.6 billion in short positions getting
• 0:37
  absolutely liquidated.
• 0:39
  SPEAKER_00: Meanwhile,
• 0:39
  SPEAKER_00: the institutional game is heating up with Tether,
• 0:41
  SPEAKER_00: adding another 961 Bitcoin worth $98.9 million to their treasury.
• 0:47
  SPEAKER_00: JP Morgan boosting their Bitcoin ETF holdings by 64% to 343 million.
• 0:53
  And the Trump family backed American Bitcoin now sitting on
• 0:56
  4004 Bitcoin after
• 0:58
  SPEAKER_00: grabbing another 139 coins.
• 0:59
  SPEAKER_00: Speaking of bullish moves,
• 1:03
  Eric Trump went on record saying he's all in on Bitcoin and
• 1:06
  predicting it'll hit $1 million.
• 1:08
  And strategy clearly shares that confidence because they just
• 1:12
  upsized their
• 1:13
  preferred stock offering from 350 million euros to 620 million
• 1:16
  euros just to stack
• 1:17
  SPEAKER_00: more sats.
• 1:21
  SPEAKER_00: On the macro front,
• 1:22
  White House economic adviser Kevin Hassett is expecting a big
• 1:26
  rebound once the
• 1:26
  SPEAKER_00: federal government reopens,
• 1:28
  though prediction markets on Kalshi are forecasting this
• 1:31
  shutdown could drag on for
• 1:33
  SPEAKER_00: 49 days.
• 1:34
  And President Trump is out here saying inflation is almost none
• 1:38
  and might drop to
• 1:38
  1% while also announcing a $100 billion trade deal with
• 1:42
  Uzbekistan and accusing
• 1:44
  SPEAKER_00: Nancy Pelosi of illegally making a fortune in the stock market.
• 1:48
  Kazakhstan is planning to launch a $1 billion crypto reserve
• 1:52
  fund using seized
• 1:54
  SPEAKER_00: assets by 2026,
• 1:56
  SPEAKER_00: and taxpayers might see record refunds in 2026 thanks to Trump's bill.
• 2:01
  Now let's talk about where the real money is going because the
• 2:04
  Magnificent Seven
• 2:05
  SPEAKER_00: now make up 36% of the S&P 500 market cap,
• 2:09
  and microsoft amazon google and meta are collectively dropping
• 2:14
  four hundred billion
• 2:15
  dollars on ai infrastructure this year alone over in the
• 2:20
  altcoin world ghost is
• 2:21
  SPEAKER_00: making waves as one of the fastest growing privacy tokens on solana
• 2:26
  blowing past 10,000 holders and Paradigm just got outed as the
• 2:30
  top Hype holder
• 2:31
  SPEAKER_00: sitting on 19 million tokens worth $763 million.
• 2:37
  Speaking of Hype,
• 2:39
  one whale deposited 14 million USDC into Hyperliquid and bought
• 2:43
  210,701 Hype
• 2:46
  SPEAKER_00: for $8.34 million,
• 2:48
  but be careful out there because there's a fake hyperliquid app
• 2:51
  circulating on the
• 2:52
  SPEAKER_00: Google Play Store.
• 2:54
  We also saw some serious Ethereum movement with a wallet linked
• 2:57
  to Sharplink
• 2:58
  SPEAKER_00: Gaming,
• 2:59
  redeeming 5,284 Ethereum worth $17.52 million and dumping 4,364
• 3:01
  Ethereum worth
• 3:02
  SPEAKER_00: $14.47 million into OKEx,
• 3:03
  SPEAKER_00: though the CIO is denying any connection.
• 3:16
  SPEAKER_00: China's gold reserves surged to 297.21 billion in October,
• 3:22
  and Kaoshi's prediction market volume is closing in on $15
• 3:26
  billion all time.
• 3:28
  SPEAKER_00: That's your full wrap of the last 24 hours in markets.
• 3:30
  SPEAKER_00: Make sure to hit follow so you don't miss tomorrow's update.
• 3:33
  SPEAKER_00: Until then, stay sharp out there.