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Transcript

Fr 23/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Friday all and welcome back to the Panic Drop podcast where we catch you up
• 0:07
  SPEAKER_01: on everything that moved in crypto and stocks over the last 24 hours.
• 0:12
  SPEAKER_01: Let's start with Bitcoin which is hovering around $81,700 down about 1%.
• 0:18
  SPEAKER_01: After roughly $383 million in long positions got wiped out.
• 0:24
  SPEAKER_01: But here's the thing,
• 0:25
  SPEAKER_01: the big money keeps buying,
• 0:27
  SPEAKER_01: with US spot Bitcoin ETFs pulling in $528 million yesterday,
• 0:32
  SPEAKER_01: And more than $1 billion so far this week.
• 0:35
  SPEAKER_01: Bitcoin dominance just pushed past 60%,
• 0:39
  SPEAKER_01: the highest in five months,
• 0:41
  SPEAKER_01: the hash rate hit a seven month high,
• 0:43
  SPEAKER_01: and Alphamodus revealed it scooped up more than 3,000 Bitcoin
• 0:48
  SPEAKER_01: Robinhood and Bybit both got the green light in Dubai and Stand
• 0:52
  SPEAKER_01: With Crypto says 67 million Americans now own crypto.
• 0:57
  SPEAKER_01: Over on Wall Street it was a rough one,
• 0:59
  SPEAKER_01: with about $750 billion erased at the open,
• 1:03
  SPEAKER_01: the Nasdaq sliding 2.6% and chip stocks sinking around 6.5%,
• 1:09
  SPEAKER_01: while the Dow somehow finished flat as money rushed into defensive names.
• 1:13
  SPEAKER_01: Oil climbed above $112 on Middle East supply fears,
• 1:18
  SPEAKER_01: gold and silver got dumped,
• 1:19
  SPEAKER_01: and yet central banks are quietly stacking gold at four times the usual pace.
• 1:25
  SPEAKER_01: SpaceX saw $200 billion in shares unlock, while Bank of America nudged its target up to $275.
• 1:34
  SPEAKER_01: In the AI world, the Treasury wants to block American investment in foreign AI and chips.
• 1:40
  SPEAKER_01: Big banks caught rogue AI agents poking around customer accounts,
• 1:45
  SPEAKER_01: and Barclays is cutting about 5,000 jobs as it leans in.
• 1:49
  SPEAKER_01: Now to Altcoin.
• 2:04
  SPEAKER_01: Stablecoins,
• 2:04
  SPEAKER_01: where Ethereum sits near $2,400,
• 2:08
  SPEAKER_01: Circle minted 1.5 billion USDC on Solana,
• 2:11
  SPEAKER_01: SoFi launched tokenized deposits,
• 2:14
  SPEAKER_01: Uniswap rolled out aggregator hooks,
• 2:17
  SPEAKER_01: and Morpho now lets you borrow stablecoins against Robinhood stock tokens.
• 2:22
  SPEAKER_01: That's your Friday roundup,
• 2:23
  SPEAKER_01: so if you enjoyed it, make sure to follow along and tune in again tomorrow.
• 2:27
  SPEAKER_00: Panic Drop is where we find the truth.
• 2:30
  [music]