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Transcript

Th 05/11 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Thursday all and what a day it was because the market finally woke up.
• 0:07
  SPEAKER_01: Bitcoin is trading around $80,500 up about 5% in a day after it ripped
• 0:14
  SPEAKER_01: through $81,000 and wiped out $320,000.
• 0:21
  SPEAKER_01: The buyers showed up too, with Fidelity scooping up about $237 million of Bitcoin,
• 0:27
  SPEAKER_01: Jack Dorsey's block adding 120 coins,
• 0:31
  SPEAKER_01: and Strategy's preferred stock back at its $100 par for the first time since May,
• 0:37
  SPEAKER_01: which opens the door for more buying.
• 0:40
  SPEAKER_01: On the politics side, the new Congress looks friendly,
• 0:43
  SPEAKER_01: with roughly 68% of midterm winners being pro-crypto,
• 0:48
  SPEAKER_01: and Michael Saylor pointing out that Bitcoin reserves now have fans in both parties.
• 0:53
  SPEAKER_01: Democrats do want to mark Structure bill with ethics rules aimed
• 0:57
  SPEAKER_01: at President Trump's crypto ventures and that hit the Trump coin hard,
• 1:02
  SPEAKER_01: down more than 20%, while Bitcoin, Ethereum and Solana simply shrugged it off.
• 1:09
  SPEAKER_01: Wall Street loved The result as well, adding $1.2 trillion in a single day,
• 1:15
  SPEAKER_01: with the Dow up more than 1,500 points and oil sliding about 10%.
• 1:21
  SPEAKER_01: In earnings, Applovin posted record revenue with an 84% margin.
• 1:26
  SPEAKER_01: Arm and Qualcomm both beat.
• 1:28
  SPEAKER_01: Coherent signed a deal worth around $20 billion,
• 1:32
  SPEAKER_01: while Snap dropped about 10% after missing on users.
• 1:37
  SPEAKER_01: Morgan Stanley is now tokenizing stocks and bonds,
• 1:40
  SPEAKER_01: Coinbase opened options and perps for US institutions,
• 1:45
  SPEAKER_01: and Moscow Stock Exchange starts trading Bitcoin on December 1st.
• 1:50
  SPEAKER_01: Over in altcoins, Ethereum jumped nearly 8% to around $2,430.
• 1:57
  SPEAKER_01: Solana climbed to about $96 and landed an emerging market bond fund from Schroder's.
• 2:05
  SPEAKER_01: And Stripe now lets businesses send stablecoin payments to wallets in over 160 markets.
• 2:11
  SPEAKER_01: That's the wrap for today, so if you enjoyed it, give me a follow and tune in again tomorrow.
• 2:17
  SPEAKER_00: It's where we find the truth.
• 2:20
  [music]