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Transcript

Th 24/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:05
  SPEAKER_00: Happy Thursday, everybody.
• 0:07
  SPEAKER_00: Let's get into what's been happening over the past 24 hours because
• 0:10
  SPEAKER_00: the Bitcoin ETF inflows just keep coming.
• 0:13
  SPEAKER_00: BlackRock ETF clients bought $166.29 million of Bitcoin.
• 0:17
  SPEAKER_00: Fidelity
• 0:20
  SPEAKER_00: The ETF clients bought $143.24 million and US-bought Bitcoin ETFs took
• 0:23
  SPEAKER_00: in $714.7 million yesterday,
• 0:25
  SPEAKER_00: with year-to-date net flows turning positive for the first
• 0:35
  SPEAKER_00: The first time since April, so the institutional demand is clearly back in force.
• 0:40
  SPEAKER_00: On the regulatory front,
• 0:41
  SPEAKER_00: the CFTC is using existing statutory authorities to establish
• 0:47
  SPEAKER_00: a clear crypto asset market structure.
• 0:50
  SPEAKER_00: Mike Selig saying it is go time and the agency is preparing for on-chain systems,
• 0:56
  SPEAKER_00: mass tokenization,
• 0:57
  SPEAKER_00: 24-7 trading and agentic finance,
• 1:02
  SPEAKER_00: which is exactly the kind of forward thinking approach the industry
• 1:05
  SPEAKER_00: The US is also considering a plan
• 1:07
  SPEAKER_00: to promote dollar-backed crypto stablecoins worldwide,
• 1:10
  SPEAKER_00: which would be huge for maintaining dollar dominance in the digital age.
• 1:34
  SPEAKER_00: The US Treasury plans to buy back up to $6 billion in longer-term debt,
• 1:40
  SPEAKER_00: and the Federal Reserve will enable cross-border transaction support
• 1:44
  SPEAKER_00: through its FedNow instant payment system,
• 1:47
  SPEAKER_00: so there's a lot of financial Unfortunately,
• 1:52
  SPEAKER_00: stock sold off after hotter-than-expected PMI data pushed Treasury yields higher,
• 1:58
  SPEAKER_00: with NASDAQ falling 1.1% and the S&P 500 falling 0.8%.
• 2:06
  SPEAKER_00: Google dropped 3.4%, Broadcom 2.6%, and Amazon 2.3%.
• 2:13
  SPEAKER_00: Palantir bucked the trend and rose about 3% as
• 2:17
  SPEAKER_00: the FAA began deploying its AI-powered smart The crypto market also felt some pain
• 2:24
  SPEAKER_00: with roughly $443 million in long positions liquidated across crypto in 24 hours
• 2:30
  SPEAKER_00: and more than 123,000 traders getting wiped out.
• 2:45
  SPEAKER_00: U.S. diesel prices hit a record $6.53 per gallon,
• 2:50
  SPEAKER_00: up 74% since the Iran war began,
• 2:53
  SPEAKER_00: and officials are considering a 90-day ban on diesel exports to keep more supply
• 2:58
  SPEAKER_00: at home, though Energy Secretary Chris Wright has rejected a full export ban.
• 3:04
  SPEAKER_00: South Africa hiked rates 25 basis points to 7.25%.
• 3:10
  SPEAKER_00: It's second hike this year,
• 3:12
  SPEAKER_00: so central banks around
• 3:13
  SPEAKER_00: the world continue NVIDIA CEO Jensen Huang said scientists should stop making AI
• 3:21
  SPEAKER_00: doomer predictions,
• 3:22
  SPEAKER_00: calling them hurtful and not scientific,
• 3:25
  SPEAKER_00: which is quite the statement given all the recent safety debates.
• 3:29
  SPEAKER_00: On the altcoin side,
• 3:31
  SPEAKER_00: Bitwise and Franklin ETF clients bought a combined $18.04 million of XRP,
• 3:39
  SPEAKER_00: continuing the institutional interest in that asset.
• 3:43
  SPEAKER_00: Ken surged more than 130% since launch after a CATE team member backed the project.
• 3:50
  SPEAKER_00: That's your crypto and finance wrap for today.
• 3:52
  SPEAKER_00: Make sure to follow along and I'll catch you tomorrow with another update.
• 3:56
  SPEAKER_01: Panic Drop is where we find the truth.
• 4:00
  SPEAKER_01: Listen to the Panic Drop.