Latest / Panic Drop Podcast / Fr 24/10 | Daily Crypto & Macro News

Transcript

Fr 24/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:00
  SPEAKER_00: Good morning, everyone.
• 0:01
  SPEAKER_00: And wow, what a way to start the day.
• 0:04
  Bitcoin just reclaimed $111,000 while BlackRock clients
• 0:08
  casually scooped up another
• 0:10
  SPEAKER_00: 107 million in Bitcoin and 111 million in Ethereum.
• 0:14
  SPEAKER_00: So yeah, institutional appetite is absolutely not slowing down.
• 0:18
  SPEAKER_00: Now, here's where things get spicy.
• 0:20
  SPEAKER_00: Binance founder CZ just announced his book is dropping soon,
• 0:23
  SPEAKER_00: made some comments about how tokenizing gold isn't really on-chain gold,
• 0:28
  and then Peter Schiff immediately challenged him to a Bitcoin
• 0:32
  versus gold debate.
• 0:33
  SPEAKER_00: And guess what?
• 0:34
  SPEAKER_00: CZ'd accepted.
• 0:35
  So we're actually getting this showdown,
• 0:37
  which is going to be absolutely entertaining.
• 0:39
  SPEAKER_00: But the real headline today is that President Trump just pardoned CZ'd,
• 0:44
  calling him not guilty and saying he was persecuted by the
• 0:47
  Biden administration.
• 0:48
  SPEAKER_00: And CZ responded saying he's deeply grateful for the pardon.
• 0:52
  So that's a massive development that changes everything for him
• 0:55
  and probably sends
• 0:56
  a signal to the entire crypto industry about how this
• 0:59
  administration views
• 1:00
  SPEAKER_00: enforcement.
• 1:02
  SPEAKER_00: On the regulatory front,
• 1:03
  SPEAKER_00: Coinbase CEO Brian Armstrong says,
• 1:06
  the Senate is working hard on market structure legislation with
• 1:09
  strong bipartisan
• 1:10
  SPEAKER_00: support,
• 1:11
  SPEAKER_00: so we might actually see some clarity coming soon.
• 1:15
  Russian banking giant Alpha Bank is now offering Bitcoin buying
• 1:19
  and selling services.
• 1:20
  Fidelity just started letting US brokerage customers buy Solana
• 1:24
  and Robinhood
• 1:25
  SPEAKER_00: listed hype,
• 1:26
  SPEAKER_00: so access is expanding everywhere you look.
• 1:29
  JP Morgan expects the Fed to end quantitative tightening next
• 1:33
  week and forecasts
• 1:34
  SPEAKER_00: gold hitting an average of $5,055 per ounce by Q4 2026,
• 1:36
  SPEAKER_00: which is wild.
• 1:37
  SPEAKER_00: The Russian ruble has gained 40% against the US dollar so far this year.
• 1:46
  Chinese state oil companies are halting Russian sea oil
• 1:50
  purchases over US sanctions
• 1:52
  SPEAKER_00: concerns,
• 1:53
  SPEAKER_00: and China is urging the EU to stop sanctions on Chinese firms,
• 1:57
  SPEAKER_00: so the geopolitical chess game is getting intense.
• 2:00
  SPEAKER_00: US national debt just broke 38 trillion for the first time ever,
• 2:04
  SPEAKER_00: which honestly makes the scarcity argument for Bitcoin even stronger
• 2:08
  and speaking of that rich dad poor dad author robert kiyosaki
• 2:12
  says he's buying
• 2:12
  bitcoin because it's truly scarce money with only twenty-one
• 2:16
  million ever to be
• 2:17
  mined president trump terminated all trade negotiations with
• 2:20
  canada treasury
• 2:22
  secretary besant is meeting with chinese vice premier hi
• 2:24
  leafing tomorrow to
• 2:25
  SPEAKER_00: discuss trade
• 2:26
  SPEAKER_00: And Trump is meeting with Chinese President Xi Jinping next Thursday.
• 2:30
  SPEAKER_00: So major trade discussions are happening at the highest levels.
• 2:34
  SPEAKER_00: Coinbase,
• 2:35
  Ripple and Gemini were listed as donors of President Trump's
• 2:38
  $300 million White
• 2:40
  SPEAKER_00: House ballroom.
• 2:41
  And Trump literally told a reporter,
• 2:43
  quote,
• 2:44
  you don't know much about crypto.
• 2:46
  SPEAKER_00: You know nothing about nothing.
• 2:47
  SPEAKER_00: You're fake news, which is peak Trump energy.
• 2:51
  SPEAKER_00: U.S.
• 2:52
  SPEAKER_00: mortgage rates fell to the lowest level in over a year.
• 2:55
  SPEAKER_00: Austin,
• 2:55
  SPEAKER_00: Texas is now the strongest buyers market in America,
• 2:59
  SPEAKER_00: with home sellers outnumbering buyers by one hundred thirty per cent,
• 3:04
  and Turkey cut interest rates for the third straight meeting
• 3:07
  down to thirty nine
• 3:08
  SPEAKER_00: point five per cent.
• 3:10
  SPEAKER_00: Tesla hit record revenues of $28 billion in Q3, up 12% year over year.
• 3:16
  SPEAKER_00: Intel revenue was up 3% to $13.7 billion.
• 3:20
  And Google Cloud and Anthropic announced a cloud partnership
• 3:23
  with over 1 gigawatt
• 3:25
  SPEAKER_00: of compute capacity coming in 2026.
• 3:27
  SPEAKER_00: Elon said Tesla's Optimus robot will be an incredible surgeon.
• 3:33
  SPEAKER_00: and apparently AI is making humans work 100-hour weeks now,
• 3:37
  SPEAKER_00: so the future is here,
• 3:39
  SPEAKER_00: and it's exhausting.
• 3:40
  SPEAKER_00: In altcoin news,
• 3:41
  SPEAKER_00: a whale holding 1.6% of useless was spotted accumulating valor,
• 3:46
  SPEAKER_00: which hit a new all-time high.
• 3:48
  SPEAKER_00: Propi plans a pro-token buyback,
• 3:50
  SPEAKER_00: using profits from acquired title companies ahead of its IPO,
• 3:55
  and BunnyDEX unfortunately shut down after a recent exploit
• 3:59
  forced growth to a
• 4:00
  SPEAKER_00: halt.
• 4:01
  SPEAKER_00: So between CZ getting pardoned,
• 4:03
  SPEAKER_00: Bitcoin reclaiming 111,000,
• 4:06
  SPEAKER_00: institutions pouring hundreds of millions into crypto,
• 4:09
  SPEAKER_00: and Washington actually pushing for legislation,
• 4:12
  SPEAKER_00: this might be one of the most consequential days we've seen in a while.
• 4:16
  Make sure you're following along because tomorrow's probably
• 4:18
  going to be just as wild.
• 4:20
  SPEAKER_00: Catch you then.