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Transcript

Tu 10/11 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_00: Happy Tuesday all and welcome back to the Panic Drop podcast.
• 0:06
  SPEAKER_00: Bitcoin is sitting around $74,600 this morning, pretty much flat on the day.
• 0:11
  SPEAKER_00: But yesterday it flash dumped towards 73,000 and wiped about $80 billion off the crypto market.
• 0:17
  SPEAKER_00: And it closed below its 50-week moving average for the first time in seven weeks.
• 0:22
  SPEAKER_00: The buyers did not blink though.
• 0:25
  SPEAKER_00: Strategy scooped up another 1036 Bitcoin for about $77 million,
• 0:31
  SPEAKER_00: Strive added 29,
• 0:33
  SPEAKER_00: and BlackRock says more and more people want to swap their self-custardied Bitcoin
• 0:37
  SPEAKER_00: for ETF shares.
• 0:39
  SPEAKER_00: On top of that, Coinbase just became a fully approved national trust bank,
• 0:44
  SPEAKER_00: which is a big deal for the industry.
• 0:47
  SPEAKER_00: Now, the stock market story is still Nvidia.
• 0:50
  SPEAKER_00: Shares dropped about 6.5% at the open after the Jensen Huang affair news.
• 0:56
  SPEAKER_00: Congress has summoned him and a shareholder lawsuit is already on the table.
• 1:01
  SPEAKER_00: Nvidia is now down 4% for the year after a 25% slide since October.
• 1:07
  SPEAKER_00: And Apple is back on top as the most valuable company in the world.
• 1:11
  SPEAKER_00: Funny enough, the broader market shrugged it off and added $2 trillion yesterday.
• 1:18
  SPEAKER_00: And here is the one everybody will talk about this week.
• 1:22
  SPEAKER_00: Anthropic plans to go public next week on the NASDAQ under the ticker ANT,
• 1:29
  SPEAKER_00: aiming to raise up to $69 billion right
• 1:32
  SPEAKER_00: after launching its most powerful clawed models yet.
• 1:35
  SPEAKER_00: Not everyone is cheering.
• 1:37
  SPEAKER_00: The Bank of England warned that inflated AI stock prices could end in a crash.
• 1:42
  SPEAKER_00: In earnings, Rocket Lab beat on revenue and grew its backlog 52% in a single quarter.
• 1:49
  SPEAKER_00: The Trade Desk beat and announced a $1 billion buyback while hims and hers missed
• 1:54
  SPEAKER_00: and cut its guidance.
• 1:56
  SPEAKER_00: Over in crypto land,
• 1:58
  SPEAKER_00: Ethereum trades around $2116 and Kalshi traders see it dipping
• 2:04
  SPEAKER_00: as low as $1920 this month.
• 2:08
  SPEAKER_00: Meanwhile, Wall Street keeps moving on-chain.
• 2:11
  SPEAKER_00: Charles Schwab added Solana Avalanche and Chainlink Trading.
• 2:16
  SPEAKER_00: The NYSE linked tokenized stock platform will settle exclusively on Avalanche
• 2:22
  SPEAKER_00: and Formation wants to run the first tokenized securities venue on Solana.
• 2:27
  SPEAKER_00: PNC Bank is testing stablecoin payments on Ethereum and Telegram saw
• 2:32
  SPEAKER_00: over 700,000 new wallets in just two days.
• 2:37
  SPEAKER_00: On the darker side, North Korean hackers are laundering stolen Binance funds
• 2:42
  SPEAKER_00: through Memcoins on Near.
• 2:43
  SPEAKER_00: That's a wrap for today.
• 2:45
  SPEAKER_00: If you enjoyed it, make sure to follow me and tune in again tomorrow.
• 2:49
  SPEAKER_01: Panic
• 2:50
  [music]