Latest / Panic Drop Podcast / Fr 30/10 | Daily Crypto & Macro News

Transcript

Fr 30/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Friday all, and wow, what a night it has been.
• 0:05
  SPEAKER_01: The headline everyone is talking about is Binance,
• 0:08
  SPEAKER_01: the biggest crypto exchange in the world,
• 0:10
  SPEAKER_01: getting hacked,
• 0:11
  SPEAKER_01: with Chainalysis estimating close to $6 billion stolen,
• 0:16
  SPEAKER_01: nearly four times bigger than the previous record heist.
• 0:20
  SPEAKER_01: Binance says around $6.3 billion in crypto was impacted.
• 0:25
  SPEAKER_01: Roughly $3 billion is already frozen.
• 0:29
  SPEAKER_01: User funds remain safe and it will cover all losses.
• 0:33
  SPEAKER_01: Tether froze more than one $1.5 billion in USDT,
• 0:37
  SPEAKER_01: Circle froze $823 million in USDC,
• 0:42
  SPEAKER_01: and Aave and Camino hit the pause button on parts of their lending markets just
• 0:47
  SPEAKER_01: to be safe.
• 0:49
  SPEAKER_01: The market did not Bitcoin does not love it with more than $1.3 billion
• 0:53
  SPEAKER_01: in leverage longs wiped out in 5 hours and Bitcoin now sits around $78,200 down
• 0:59
  SPEAKER_01: about 2%.
• 0:59
  SPEAKER_01: Coinbase boss Brian Armstrong
• 1:05
  SPEAKER_01: We've reminded everyone that crypto always comes out stronger after tough times
• 1:09
  SPEAKER_01: and honestly the bigger picture still looks solid with Spot Bitcoin ETFs pulling
• 1:15
  SPEAKER_01: in 423 million over 3 sessions and Fidelity saying Bitcoin Over in stocks,
• 1:24
  SPEAKER_01: earnings season got brutal.
• 1:26
  SPEAKER_01: Alphabet crashed more than 13% at the open.
• 1:28
  SPEAKER_01: Heading for its worst day in over 20 years
• 1:31
  SPEAKER_01: as AI spending pushed free cash flow negative, Amazon slid 11%.
• 1:35
  SPEAKER_01: The U.S. economy grew 3.4% last quarter.
• 1:50
  SPEAKER_01: The inflation climbed to 3.6%,
• 1:52
  SPEAKER_01: so the Fed's headache is not going anywhere and over in Europe,
• 1:56
  SPEAKER_01: Christine Lagarde will step down from the ECB in February.
• 2:00
  SPEAKER_01: Ethereum is trading near 2,240, down about 3%,
• 2:05
  SPEAKER_01: While the real winner of the day was Hyperliquid,
• 2:08
  SPEAKER_01: jumping almost 17% to around $92 after the owner of
• 2:12
  SPEAKER_01: the New York Stock Exchange said it will bring Hyperliquid perpetual futures
• 2:17
  SPEAKER_01: to regulated US markets and even Elon Musk called the news interesting.
• 2:23
  SPEAKER_01: Polymarket also paused trading after a third-party provider was compromised,
• 2:28
  SPEAKER_01: promising to make users whole,
• 2:31
  SPEAKER_01: and Chainlink launched always on market data for tokenized stocks and commodities.
• 2:36
  SPEAKER_01: Solana sits near $97 and XRP around $1.25.
• 2:43
  SPEAKER_01: That is your recap for today.
• 2:45
  SPEAKER_01: If you enjoyed it, make sure to follow me, stay safe out there, and I will see you tomorrow.
• 2:53
  SPEAKER_00: Listen to the Panic Drop.
• 2:55
  [music]