Latest / Panic Drop Podcast / Mo 14/9 | Daily Crypto & Macro News

Transcript

Mo 14/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:06
  SPEAKER_01: Happy Monday, everybody.
• 0:07
  SPEAKER_01: Let's get into what's been happening over the past 24 hours because we've got
• 0:10
  SPEAKER_01: a massive week ahead for crypto regulation.
• 0:13
  SPEAKER_01: US senators released the final draft of the CryptoClarity Act with a vote scheduled
• 0:18
  SPEAKER_01: for Tuesday and President Trump officially agreed to
• 0:21
  SPEAKER_01: the new bipartisan ethics provisions in the bill.
• 0:24
  SPEAKER_01: So this is really coming down to the wire and could be a defining moment for the industry.
• 0:30
  SPEAKER_01: Bitcoin traded around the $77,000 level over the weekend and odds
• 0:35
  SPEAKER_01: of Bitcoin dropping to $50,000 before 100,000 doubled to 26%.
• 0:41
  SPEAKER_01: So there's clearly some nervousness in the market as we await the regulatory outcome.
• 0:47
  SPEAKER_01: On the energy front,
• 0:48
  SPEAKER_01: Brent crude oil surged 2.4% after Saudi Arabia shut down a major pipeline following
• 0:54
  SPEAKER_01: an attack,
• 0:55
  SPEAKER_01: adding more fuel to the already elevated oil price environment we've been tracking.
• 1:00
  SPEAKER_01: The AI headlines continue We continue to dominate with OpenAI CEO Sam Altman warning
• 1:05
  SPEAKER_01: that humanity could lose control of the future to AI,
• 1:09
  SPEAKER_01: while President Trump rejected calls to slow down AI development,
• 1:13
  SPEAKER_01: showing the tension between safety concerns
• 1:16
  SPEAKER_01: and competitive Elon Musk said he is highly confident SpaceX will launch NVIDIA AI
• 1:22
  SPEAKER_01: computers in space next year,
• 1:24
  SPEAKER_01: which sounds like science fiction,
• 1:26
  SPEAKER_01: but at this point nothing Elon says surprises me anymore.
• 1:31
  SPEAKER_01: The S&P 500's CAPE ratio moved up to 41,
• 1:34
  SPEAKER_01: its highest level since 2000 and above 99% of historical valuations,
• 1:38
  SPEAKER_01: which is certainly something to keep in mind when thinking about risk.
• 1:52
  SPEAKER_01: On the inflation front,
• 1:53
  SPEAKER_01: the Fed's target is 2%,
• 1:55
  SPEAKER_01: but consumer prices have risen at a 4% annualised rate since January 2020
• 2:00
  SPEAKER_01: and sit 13% above the 2% trend line, so there's still work to be done there.
• 2:07
  SPEAKER_01: America's 25 to 64 population growth is projected at just 0.3% per year next decade,
• 2:15
  SPEAKER_01: down from 1.8% in the 1980s,
• 2:18
  SPEAKER_01: meaning future growth will depend more on productivity gains.
• 2:22
  SPEAKER_01: President Trump plans to remove tariffs on Irish whiskey,
• 2:25
  SPEAKER_01: which I'm sure some of you will appreciate.
• 2:28
  SPEAKER_01: Upcoming earnings include Forgent Power Solutions, Trip.com on Tuesday, and Lenner on Wednesday.
• 2:35
  SPEAKER_01: On the altcoin side,
• 2:36
  SPEAKER_01: Solana posted 16.9 times the 24-hour app revenue of base,
• 2:42
  SPEAKER_01: showing just how dominant Solana has become in terms of activity.
• 2:46
  SPEAKER_01: FOMO flipped POMFUN in 7-day revenue,
• 2:49
  SPEAKER_01: continuing the As a competitive battle among trading platforms,
• 2:53
  SPEAKER_01: Solana recorded over $100 million more tokenized equity volume than NASDAQ
• 2:59
  SPEAKER_01: and NYSE combined in a single day,
• 3:03
  SPEAKER_01: which is a pretty remarkable stat when you think about it.
• 3:06
  SPEAKER_01: It's where we find the truth.
• 3:07
  SPEAKER_01: Listen to the Panic Drop.