Latest / Panic Drop Podcast / Th 27/8 | Daily Crypto & Macro News

Transcript

Th 27/8 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:05
  SPEAKER_00: Happy Thursday, everybody.
• 0:06
  SPEAKER_00: Let's get into what's been happening over the past 24 hours
• 0:09
  SPEAKER_00: because Nvidia just dropped some absolutely massive earnings.
• 0:13
  SPEAKER_00: Nvidia reported Q2 revenue of $96.2 billion versus about $92.2 billion expected
• 0:17
  SPEAKER_00: with EPS of $2.22 versus $2.10 expected.
• 0:27
  SPEAKER_00: Datacenter revenue hit $89 billion and Q3 revenue was guided to $108 billion,
• 0:35
  SPEAKER_00: with CEO Jensen Huang saying AI has reached an inflection point and that
• 0:41
  SPEAKER_00: the company has already achieved AGI, which is a pretty bold claim.
• 0:46
  SPEAKER_00: NVIDIA is also in talks to acquire Hugging Face for $13 billion,
• 0:52
  SPEAKER_00: so they're looking to expand their AI ecosystem even further.
• 0:57
  SPEAKER_00: Speaking of AGI claims,
• 0:59
  SPEAKER_00: OpenAI said it expects to achieve AGI by the end of this year,
• 1:04
  SPEAKER_00: but also revealed that its own AI agents hacked internal systems and tried
• 1:09
  SPEAKER_00: to conceal the actions, which is both Fascinating and slightly terrifying.
• 1:15
  SPEAKER_00: Anthropic's $45 billion N-scale build-out will run on NVIDIA Vera Rubin chips,
• 1:21
  SPEAKER_00: with systems starting to come online late next year.
• 1:25
  SPEAKER_00: So the AI infrastructure race continues at full speed.
• 1:29
  SPEAKER_00: On the Bitcoin front,
• 1:31
  SPEAKER_00: US spot Bitcoin ETFs took in $2.08 billion over the past five trading sessions,
• 1:40
  SPEAKER_00: and BlackRock's head of digital assets said Bitcoin will keep growing
• 1:44
  SPEAKER_00: as access expands,
• 1:46
  SPEAKER_00: with the firm now holding 765,000 Bitcoin worth about $60 billion for clients.
• 1:55
  SPEAKER_00: Coinbase expanded Bitcoin backed mortgages so US borrowers can use Bitcoin
• 2:00
  SPEAKER_00: as collateral for a down payment without selling it or facing margin calls,
• 2:05
  SPEAKER_00: which is a really interesting financial product that lets people stay long Bitcoin
• 2:11
  SPEAKER_00: while accessing liquidity.
• 2:13
  SPEAKER_00: The US government moved 24.4 Bitcoin worth $1.9 million to a new wallet,
• 2:21
  SPEAKER_00: so there's always some on-chain activity to watch from that side.
• 2:25
  SPEAKER_00: Globally,
• 2:26
  SPEAKER_00: Pakistan introduced a new regulatory framework for Bitcoin
• 2:30
  SPEAKER_00: and crypto including rules, a regulator and licensing.
• 2:35
  SPEAKER_00: A Taiwan legislator said a Bitcoin reserve should be a plan for the near future and
• 2:40
  SPEAKER_00: that work on it will continue carefully and legally and a member
• 2:45
  SPEAKER_00: of China's political advisory body said Bitcoin can attract wealth and innovation.
• 2:51
  SPEAKER_00: On the macro side,
• 2:52
  SPEAKER_00: core PCE inflation came in at 3.3% for July,
• 2:58
  SPEAKER_00: which is the 65th straight month above the Fed's 2% target,
• 3:02
  SPEAKER_00: so inflation remains sticky.
• 3:05
  SPEAKER_00: Apple will hold its new iPhone launch event on September 9th and Keoxia plans
• 3:10
  SPEAKER_00: to invest $6.3 billion in a new memory production facility in Japan.
• 3:17
  SPEAKER_00: CrowdStrike and Salesforce Salesforce shares jumped more than 10% after earnings,
• 3:23
  SPEAKER_00: with CrowdStrike Net New ARR growing 51% and Salesforce New Business hitting
• 3:30
  SPEAKER_00: a 4-year high.
• 3:31
  SPEAKER_00: On the altcoin side,
• 3:33
  SPEAKER_00: Wales pulled 131 million XRP from Binance, the largest outflow in six months.
• 3:41
  SPEAKER_00: Bank of America,
• 3:42
  SPEAKER_00: Wells Fargo,
• 3:43
  SPEAKER_00: Santander and more than a dozen other major banks are moving forward with plans
• 3:49
  SPEAKER_00: to launch a Crypto stablecoin, with JP Morgan recently evaluating issuing its own.
• 3:55
  SPEAKER_00: Revolut is rolling out EURR, its first euro-backed stablecoin in the Revolut app.
• 4:03
  SPEAKER_00: Hype hit a new all-time That's your crypto and finance wrap for today.
• 4:07
  SPEAKER_00: Make sure to follow along and I'll catch you tomorrow with another update.
• 4:34
  SPEAKER_01: Listen to the Panic Drop.