Latest / Panic Drop Podcast / Daily Crypto & Macro News - Fr 8/08/2025

Transcript

Daily Crypto & Macro News - Fr 8/08/2025 · Panic Drop Podcast

• 0:00
  happy friday and wow what a day in the markets president trump
• 0:04
  dropped not one but
• 0:05
  two executive orders the first opening the door for
• 0:08
  cryptocurrencies to be included
• 0:10
  in four o one k retirement plans and the second cracking down
• 0:14
  on unlawful debanking
• 0:16
  SPEAKER_00: of bitcoin and crypto companies
• 0:19
  Naturally,
• 0:19
  Bitcoin loved the news,
• 0:21
  briefly spiking above 117,000 before cooling near 116,800.
• 0:23
  SPEAKER_00: Institutions continue to hoard supply,
• 0:24
  snapping up over 545,000 Bitcoin this year while miners have
• 0:26
  only produced 97,000
• 0:27
  and now asset manager Parataxis is raising $640 million just to
• 0:29
  stack more for
• 0:29
  SPEAKER_00: their treasury.
• 0:47
  even gas station chain sheets is jumping in offering half-off
• 0:51
  fuel if you pay in
• 0:52
  crypto because apparently paying with sats is the new loyalty
• 0:56
  card mike novogratz
• 0:58
  SPEAKER_00: is calling this a monster pool of capital moment while elon musk
• 1:03
  SPEAKER_00: Well, he's posting Bitcoin wizards again.
• 1:06
  Stocks were mixed with 82% of S&P companies beating earnings
• 1:10
  despite tariff
• 1:11
  SPEAKER_00: pressure,
• 1:12
  SPEAKER_00: Amazon's AWS hauling in a mind-bending $117 billion in the last year,
• 1:18
  SPEAKER_00: more than the revenue of 468 S&P companies,
• 1:22
  and Apple buying back a jaw-dropping $704 billion worth of its
• 1:27
  own stock over the
• 1:28
  SPEAKER_00: past decade.
• 1:30
  SPEAKER_00: The US bond market remains stuck in its worst drawdown in history,
• 1:35
  SPEAKER_00: now over five years,
• 1:37
  and Trump's new reciprocal tariffs on gold bars and other goods
• 1:41
  kick in at
• 1:41
  SPEAKER_00: midnight.
• 1:43
  SPEAKER_00: In the tech world,
• 1:44
  SPEAKER_00: OpenAI officially rolled out GPT-5,
• 1:48
  SPEAKER_00: prompting Musk to quip that it will eat Microsoft alive.
• 1:54
  SPEAKER_00: Over in altcoins,
• 1:55
  SPEAKER_00: Ethereum is back above 3,900 with a market cap north of 460 billion,
• 2:01
  helped by BlackRock scooping up over 9,000 Ethereum and
• 2:05
  Sharplink Gaming throwing
• 2:07
  SPEAKER_00: 200 million at it.
• 2:09
  daily ethereum transactions just hit an all-time high ripples
• 2:14
  sec saga is finally
• 2:16
  over and they are dropping two hundred million to acquire rail
• 2:20
  for a bigger role in
• 2:21
  stablecoin payments chainlink ripped ten per cent after
• 2:26
  unveiling chainlink reserve
• 2:28
  Paradigm says Solana is already capable of powering internet
• 2:33
  capital markets,
• 2:34
  SPEAKER_00: and Axiom just overtook Hyperliquid in 24-hour revenue.
• 2:39
  SPEAKER_00: That's your wrap for today.
• 2:41
  SPEAKER_00: Rest up, because tomorrow is going to be just as wild.