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Transcript

We 30/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:05
  SPEAKER_00: Happy Wednesday all,
• 0:06
  SPEAKER_00: and let's dive into what happened over the past 24 hours,
• 0:10
  SPEAKER_00: because there's a lot to unpack.
• 0:12
  SPEAKER_00: Bitcoin held steady near $83,000 as higher US yields
• 0:16
  SPEAKER_00: and rising oil prices kept pressure on risk assets,
• 0:19
  SPEAKER_00: with the 30-year In fact, Bitcoin is on payment.
• 0:35
  SPEAKER_00: For its second strongest September on record
• 0:38
  SPEAKER_00: and US spot Bitcoin ETFs just posted eight consecutive days of inflows
• 0:44
  SPEAKER_00: with BlackRock clients adding another $51 million yesterday.
• 0:49
  SPEAKER_00: Here's a stat that should make Bitwise dropped some fascinating institutional intel saying,
• 1:05
  SPEAKER_00: Pensions,
• 1:06
  SPEAKER_00: endowments,
• 1:06
  SPEAKER_00: foundations,
• 1:07
  SPEAKER_00: and sovereign wealth funds bought Bitcoin during the last bear market,
• 1:11
  SPEAKER_00: and none of the institutions they interviewed were selling,
• 1:14
  SPEAKER_00: with one sovereign wealth fund actually selling gold reserves
• 1:18
  SPEAKER_00: to fund Bitcoin purchases,
• 1:19
  SPEAKER_00: which is a massive shift in how these players view the asset.
• 1:24
  SPEAKER_00: Hanet launched
• 1:25
  SPEAKER_00: the first euro-hedge Bitcoin exchange traded commodity worth $9.2 billion,
• 1:30
  SPEAKER_00: and Tom Lee officially declared that crypto has entered a bull market.
• 1:36
  SPEAKER_00: On the regulatory front,
• 1:37
  SPEAKER_00: Coinbase received CFTC approval
• 1:40
  SPEAKER_00: to launch its own US crypto derivatives clearinghouse
• 1:43
  SPEAKER_00: while Robinhood launched crypto and stock perpetual futures trading for US traders,
• 1:49
  SPEAKER_00: though Illinois released Draft rules to tax crypto transactions regardless of profit
• 1:54
  SPEAKER_00: or loss starting in 2027, which is genuinely absurd if you think about it.
• 1:59
  SPEAKER_00: The White House continued blaming Democrats for failing to pass
• 2:02
  SPEAKER_00: the Crypto Clarity Act so that saga continues.
• 2:05
  SPEAKER_00: In macro news,
• 2:06
  SPEAKER_00: the People's Bank of China injected 833.5 billion yuan worth,
• 2:12
  SPEAKER_00: about $132 billion, through overnight reverse repo operations.
• 2:18
  SPEAKER_00: Australia hiked rates 25 basis points to 4.6% for their fourth increase this year,
• 2:24
  SPEAKER_00: and the US offered up to 40 million barrels from the Strategic Petroleum Reserve,
• 2:29
  SPEAKER_00: with Trump saying oil prices will tumble.
• 2:33
  SPEAKER_00: Iran said it will only discuss the nuclear issue after the Strait
• 2:36
  SPEAKER_00: of Hormuz blockade is lifted and the Iranian rial collapsed to a new all-time low.
• 2:43
  SPEAKER_00: Market breadth is getting thin because only 40.8% of S&P 500 stocks are
• 2:49
  SPEAKER_00: above their 200-day moving average, which is the lowest since May 2025.
• 2:55
  SPEAKER_00: In stock-specific news AMD,
• 2:58
  SPEAKER_00: He agreed to acquire World Labs founded by Fei Fei Li in
• 3:02
  SPEAKER_00: an $8.2 billion all-stock deal focused on robotics and physical AI.
• 3:08
  SPEAKER_00: FICO had its worst day since 1989, falling 27% after
• 3:13
  SPEAKER_00: It has moved to put VantageScore on more equal footing in mortgage pricing and
• 3:18
  SPEAKER_00: in scale is going public with $103 billion in signed future revenue,
• 3:23
  SPEAKER_00: though only 25,000 of 461,000 GPUs.
• 3:28
  SPEAKER_00: Those are actually active today.
• 3:30
  SPEAKER_00: OpenAI is targeting a $30 billion funding round at a $1.4 trillion valuation,
• 3:38
  SPEAKER_00: but also cancelled the planned GPT 6.1 Astra release after
• 3:44
  SPEAKER_00: the model failed internal safety checks.
• 3:47
  SPEAKER_00: Carnival posted record results and CarMax beat estimates
• 3:51
  SPEAKER_00: while Summit Therapeutics surged after AstraZeneca agreed to invest $2 billion.
• 3:57
  SPEAKER_00: In altcoin news, Avalanche led all chains in 30-day RW .
• 4:02
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• 4:16
  SPEAKER_00: That's your Wednesday recap.
• 4:19
  SPEAKER_00: I'll see you all tomorrow.
• 4:21
  SPEAKER_00: Panic Drop is where we find the truth.
• 4:24
  SPEAKER_00: Listen to the Panic Drop.