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Transcript

Mo 21/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:06
  SPEAKER_00: Happy Monday, everybody.
• 0:07
  SPEAKER_00: Let's get into what's been happening over the past 24 hours
• 0:10
  SPEAKER_00: because we've got some significant moves in global monetary policy to kick off
• 0:14
  SPEAKER_00: the week.
• 0:15
  SPEAKER_00: The Bank of Japan hiked rates by 25 basis points to 1.25%, marking
• 0:21
  SPEAKER_00: Japan is the sixth increase in the cycle and the highest policy rate since 1995.
• 0:26
  SPEAKER_00: So Japan continues to normalize after decades of ultra-loose policy
• 0:31
  SPEAKER_00: and this has implications for global capital flows.
• 0:36
  SPEAKER_00: The U.S.
• 0:36
  SPEAKER_00: and China officially began trade talks in New York ahead
• 0:40
  SPEAKER_00: of President Xi Jinping's visit,
• 0:42
  SPEAKER_00: so there may be some progress on that front,
• 0:44
  SPEAKER_00: though China cut its U.S. Treasury holdings to an 18-year low of $618 billion.
• 0:51
  SPEAKER_00: Foreign governments are buying fewer treasuries while hedge funds buy more,
• 0:55
  SPEAKER_00: which is helping push the 30-year yield to a nearly 20-year high
• 0:59
  SPEAKER_00: and really shows how the buyer base for US debt is shifting.
• 1:04
  SPEAKER_00: In a notable move,
• 1:05
  SPEAKER_00: Saudi Arabia This is interesting,
• 1:07
  SPEAKER_00: given all the de-dollarization talk we've been hearing.
• 1:21
  SPEAKER_00: There are hundreds,
• 1:21
  SPEAKER_00: maybe thousands of fraud rings of almost every nationality stealing money
• 1:26
  SPEAKER_00: from US taxpayers, continuing his push for government efficiency.
• 1:31
  SPEAKER_00: On the Bitcoin front, Michael Saylor hinted at buying more Bitcoin, which at this point
• 1:38
  SPEAKER_00: Strive's CEO also hinted at the public company buying more Bitcoin.
• 1:42
  SPEAKER_00: So corporate treasury accumulation continues to be a theme.
• 1:46
  SPEAKER_00: Looking at earnings this week,
• 1:47
  SPEAKER_00: we've got KB Home reporting Tuesday after the close with
• 1:50
  SPEAKER_00: the Street Expecting $1.3 billion in revenue as another key read on housing demand
• 1:56
  SPEAKER_00: after Lenar's results.
• 1:58
  SPEAKER_00: AutoZone reports Tuesday before the open with expectations of $6.71 billion in revenue.
• 2:02
  SPEAKER_00: Costco reports
• 2:06
  SPEAKER_00: It's Thursday after the close with expectations of $94.87 billion in revenue,
• 2:11
  SPEAKER_00: so plenty of data points coming on the consumer this week.
• 2:15
  SPEAKER_00: On the altcoin side, Ethereum reached $2700, showing some strength.
• 2:21
  SPEAKER_00: The payholder count climbed to 590,492,
• 2:25
  SPEAKER_00: and Pepe surpassed $40 million in trading volume on Solana via Sunrise,
• 2:31
  SPEAKER_00: so the memecoin activity remains elevated.
• 2:34
  SPEAKER_00: In some unfortunate news,
• 2:36
  SPEAKER_00: A family with two children was tied up at home in France after intruders targeted
• 2:41
  SPEAKER_00: the father who works in crypto,
• 2:43
  SPEAKER_00: with police investigating a crypto extortion attempt and four suspects fleeing,
• 2:48
  SPEAKER_00: which is a sobering reminder about operational security On a lighter note,
• 2:53
  SPEAKER_00: Drake won a $1 million USDT bet on stake following Joshua Vann's victory at UFC 331,
• 3:01
  SPEAKER_00: so at least someone had a good weekend.
• 3:03
  SPEAKER_00: That's your crypto and finance wrap for today.
• 3:05
  SPEAKER_00: Make sure to follow along and I'll catch you tomorrow with another update.
• 3:10
  SPEAKER_01: Panic Drop is where we find the truth.
• 3:13
  SPEAKER_01: Listen to the Panic Drop.