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Transcript

Mo 02/11 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Monday all, and welcome to a brand new week.
• 0:05
  SPEAKER_01: Bitcoin is starting it on a calm note around $78,500,
• 0:11
  SPEAKER_01: up about 1%, and the big story is still Binance.
• 0:15
  SPEAKER_01: Withdrawals are back on for Bitcoin,
• 0:17
  SPEAKER_01: Ethereum, Solana,
• 0:18
  SPEAKER_01: XRP and the major stablecoins,
• 0:21
  SPEAKER_01: and Binance says it processed about $4.65 billion in withdrawals since reopening,
• 0:28
  SPEAKER_01: a net outflow of roughly $3.6 billion or just $2 It's been a long time ago.
• 0:33
  SPEAKER_01: It's been a long time.
• 0:34
  SPEAKER_01: It's been a long time.
• 0:47
  SPEAKER_01: The service says its investigation continues.
• 0:51
  SPEAKER_01: Binance also shot down a dramatic rumour about an engineer and a North Korean spy
• 0:58
  SPEAKER_01: and warned that those so-called $150 compensation offers
• 1:04
  SPEAKER_01: And if you run a BTC Pay server,
• 1:06
  SPEAKER_01: shut it down for now, because hot wallets are reportedly being swept by attackers.
• 1:12
  SPEAKER_01: Zooming out, October wiped out $12.5 billion in crypto liquidity.
• 1:17
  SPEAKER_01: On the macro side, traders on Kalshi now see a 70% increase.
• 1:32
  SPEAKER_01: China's central bank pumped $81 billion into its
• 1:49
  SPEAKER_01: And Polymarket gives a 71% chance of a Democrat sweep in tomorrow's midterms.
• 1:55
  SPEAKER_01: For stocks,
• 1:57
  SPEAKER_01: S&P 500 profits are on pace to jump 35% this year and Apple is the only It's
• 2:02
  SPEAKER_01: a very magnificent seven name beating the index,
• 2:05
  SPEAKER_01: with Apple and Palantir both reporting tonight after the close.
• 2:09
  SPEAKER_01: Over in altcoins, Ethereum is up about 1.5% to around $2,300, while its funding rate
• 2:17
  SPEAKER_01: It just hit the lowest level since the June bottom,
• 2:20
  SPEAKER_01: which often means the crowd is leaning bearish.
• 2:23
  SPEAKER_01: Solana is roughly flat near $95,
• 2:27
  SPEAKER_01: after a fake claim app briefly slipped into the Solana dApp store
• 2:30
  SPEAKER_01: before being removed,
• 2:32
  SPEAKER_01: and XRP, BNB, Hyperliquid and Dogecoin are all moving quietly sideways.
• 2:38
  SPEAKER_01: That's your Monday rundown, so give me a follow and tune in again tomorrow for the next one.
• 2:43
  [music]