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Transcript

Th 21/5 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:05
  SPEAKER_00: Happy Thursday, everyone.
• 0:06
  Let's get into it because there are some absolutely massive
• 0:08
  headlines today.
• 0:09
  SpaceX disclosed it holds 18,712 Bitcoin at a $35,000 cost
• 0:12
  basis worth over $1.45
• 0:13
  SPEAKER_00: billion and filed for an IPO under ticker SPCX.
• 0:24
  Elon Musk's rocket company sitting on nearly one and a half
• 0:27
  billion in Bitcoin at a
• 0:28
  SPEAKER_00: cost basis that's less than half the current price is a stunning reveal,
• 0:32
  and the IPO filing means one of the most anticipated public
• 0:36
  listings in history is
• 0:37
  SPEAKER_00: officially on its way.
• 0:39
  NVIDIA Crushed Earnings Reporting $81.6 Billion In First
• 0:43
  Quarter Revenue Beating
• 0:45
  Expectations And Up 85% Year Over Year With Second Quarter
• 0:48
  Guidance At $91 Billion
• 0:51
  SPEAKER_00: So the AI Spending Machine Shows Absolutely No Signs
• 0:55
  President Trump issued an executive order to allow integration
• 0:58
  of digital assets
• 0:59
  SPEAKER_00: into traditional financial services and payment systems,
• 1:03
  SPEAKER_00: which is a direct policy action that opens the door for banks,
• 1:07
  brokerages and payment companies to build crypto into their
• 1:11
  existing products.
• 1:13
  The CME noted that the Clarity Act will cement Bitcoin as a
• 1:17
  durable fixture in the
• 1:18
  financial landscape and South Carolina's governor signed a bill
• 1:22
  permitting
• 1:22
  businesses to use Bitcoin and crypto for transactions while
• 1:26
  prohibiting government
• 1:27
  SPEAKER_00: use of CBDCs so the state-level adoption continues to spread.
• 1:32
  Newly released Fed minutes show a majority of officials believe
• 1:36
  rate hikes may be
• 1:36
  SPEAKER_00: needed if inflation persists,
• 1:39
  SPEAKER_00: which is a hawkish signal that adds pressure to risk assets.
• 1:42
  The US House passed a bipartisan bill to limit large investors
• 1:46
  from buying single
• 1:49
  SPEAKER_00: Trump says the US is in the final stages of talks with Iran.
• 1:55
  In altcoin news,
• 1:56
  the first ever hype ETF recorded $25 million in net inflows in
• 2:01
  its first
• 2:02
  SPEAKER_00: This week,
• 2:02
  Hyperliquid surpassed $55 flipping Solana in fully diluted
• 2:07
  valuation and VIRL
• 2:09
  surged over 300% as pump fund ecosystem momentum and exchange
• 2:14
  listings drove the
• 2:15
  SPEAKER_00: rally.
• 2:16
  SPEAKER_00: ETF clients bought
• 2:17
  SPEAKER_00: 1.45 million in XRP, bringing total held assets to 1.13 billion.
• 2:23
  SPEAKER_00: That's your Thursday recap.
• 2:25
  SPEAKER_00: SpaceX holding Bitcoin and filing for an IPO on the same day,
• 2:29
  SPEAKER_00: Trump signs a digital asset executive order,
• 2:32
  SPEAKER_00: is the kind of convergence that rewrites the playbook.
• 2:35
  SPEAKER_00: Make sure to follow and I'll catch you right back here tomorrow.
• 2:38
  SPEAKER_01: Panic Drop is where we find the truth.
• 2:42
  SPEAKER_01: Listen to the Panic Drop.