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Transcript

Th 3/9 | 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 because
• 0:10
  SPEAKER_00: the regulatory momentum for crypto in the US is really picking up steam.
• 0:15
  SPEAKER_00: SEC Chair Paul Atkins called the regulation crypto assets proposal
• 0:20
  SPEAKER_00: The SEC's most historic step yet to cement America as the crypto capital of
• 0:26
  SPEAKER_00: the world.
• 0:27
  SPEAKER_00: And he also said he expects the CryptoClarity Act to pass this month
• 0:32
  SPEAKER_00: and hopes it reaches the president's desk so we could be looking
• 0:35
  SPEAKER_00: at some Major regulatory clarity very soon.
• 0:38
  SPEAKER_00: G20 finance ministers and central bank governors said digital assets can play a role
• 0:44
  SPEAKER_00: in supporting broad-based economic growth,
• 0:47
  SPEAKER_00: which is a pretty significant endorsement from the global financial establishment.
• 0:52
  SPEAKER_00: Bitcoin is decoupling from the Nasdaq and now closely correlating
• 0:56
  SPEAKER_00: with gold according to Grayscale,
• 0:58
  SPEAKER_00: with rising debt,
• 0:59
  SPEAKER_00: persistent deficits and higher yields pushing investors
• 1:03
  SPEAKER_00: toward alternatives like Bitcoin and gold.
• 1:06
  SPEAKER_00: Siebert Financial told Charles Schwab that the Bitcoin bottom is in,
• 1:10
  SPEAKER_00: with a 12-month price target of $175,000 by mid-next year,
• 1:16
  SPEAKER_00: which would be quite the move from here.
• 1:19
  SPEAKER_00: To put Bitcoin's long-term performance into perspective,
• 1:23
  SPEAKER_00: $1,000 invested in Bitcoin 15 years ago would be worth about $8.97 million today,
• 1:28
  SPEAKER_00: compared with $735,000
• 1:33
  SPEAKER_00: Mexican billionaire Ricardo Salinas said Bitcoin changes one fundamental rule,
• 1:36
  SPEAKER_00: no one can print more just because they want to,
• 1:38
  SPEAKER_00: and that fiat inflation is a hidden tax,
• 1:40
  SPEAKER_00: which really captures the core value proposition.
• 1:42
  SPEAKER_00: UK Public Company
• 2:03
  SPEAKER_00: The smarter web company bought another 35 bitcoin,
• 2:07
  SPEAKER_00: bringing its total holdings to 2,747 bitcoin,
• 2:12
  SPEAKER_00: continuing the corporate treasury trend.
• 2:15
  SPEAKER_00: On the geopolitical front, the Netherlands moved 86 tons The U.S. and Venezuela
• 2:33
  SPEAKER_00: President Trump said the stock market will go up.
• 2:49
  SPEAKER_00: Broadcom absolutely crushed it with Q3 revenue of $29.6 billion,
• 2:55
  SPEAKER_00: up 86% year over year, with AI Semiconductor revenue jumping 221% to 16.6%.
• 3:03
  SPEAKER_00: Snowflake beat estimates with revenue up 35% and raised its full-year product revenue outlook.
• 3:07
  SPEAKER_00: Hewlett-Packard Enterprise
• 3:19
  SPEAKER_00: NetApp, Five Below and ChargePoint also posted notable beats.
• 3:24
  SPEAKER_00: OpenAI CEO Sam Altman said AI will become the largest boom in the history
• 3:29
  SPEAKER_00: of global commerce and the US government said it trusts Anthropic again.
• 3:34
  SPEAKER_00: On the altcoin side,
• 3:39
  SPEAKER_00: Robinhood chain has gone from zero to the largest issuer of stock tokens
• 3:43
  SPEAKER_00: by holder count in roughly two months,
• 3:46
  SPEAKER_00: with tokenized stock value surpassing $88 million
• 3:50
  SPEAKER_00: and daily volume nearing $2 billion,
• 3:53
  SPEAKER_00: though there was a warning of elevated network fees on the chain.
• 3:57
  SPEAKER_00: The lead artist behind Sui's 100 million dollar FUDMEM coin launched his own token called HOPE.
• 4:05
  SPEAKER_00: The official Roblox account replied to the Robloxians team marking
• 4:09
  SPEAKER_00: the first Roblox themed coin paired with tokenized Roblox stock.
• 4:14
  SPEAKER_00: That's your crypto and finance wrap for today.
• 4:16
  SPEAKER_00: Make sure to follow along and I'll catch you tomorrow with another update.
• 4:21
  SPEAKER_01: Panic Drop is where we find the truth.
• 4:24
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