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Transcript

Fr 10/4 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:07
  SPEAKER_00: Happy Friday, everyone.
• 0:08
  Let's get into it because Bitcoin is pushing higher while the
• 0:11
  regulatory stars are
• 0:13
  SPEAKER_00: aligning like never before.
• 0:15
  Bitcoin reclaimed $72,000 and Michael Saylor's strategy
• 0:19
  purchased an estimated $2,645.
• 0:23
  SPEAKER_00: Bitcoin, which is nearly six times the daily mind supply.
• 0:27
  So Saylor is literally absorbing almost a week's worth of new
• 0:31
  Bitcoin in a single day.
• 0:33
  SPEAKER_00: Morgan Stanley's spot, Bitcoin ETF, had its best first
• 0:37
  SPEAKER_00: day of trading for any ETF the firm has ever launched,
• 0:42
  which tells you everything about the demand that was sitting on
• 0:45
  the sidelines
• 0:46
  SPEAKER_00: waiting for a trusted name to open the door.
• 0:49
  SPEAKER_00: Now here's the part that really stands out.
• 0:52
  SPEAKER_00: Treasury Secretary
• 0:52
  Secretary Besant urged lawmakers to send Bitcoin and crypto
• 0:56
  market structure
• 0:57
  SPEAKER_00: legislation to President Trump to sign into law.
• 1:01
  SEC Chair Paul Atkins called on Congress to pass it and advance
• 1:06
  it to Trump's desk and coin
• 1:07
  SPEAKER_00: Coinbase CEO Brian Armstrong said it's time to pass the Clarity Act.
• 1:12
  SPEAKER_00: When the Treasury Secretary,
• 1:14
  the SEC Chair and the CEO of the largest US exchange are all
• 1:19
  saying the same thing
• 1:20
  SPEAKER_00: in the same week,
• 1:21
  SPEAKER_00: that's not a coincidence,
• 1:22
  SPEAKER_00: that's a
• 1:23
  SPEAKER_00: push to get this done.
• 1:25
  SPEAKER_00: On the oil and geopolitical front,
• 1:26
  the ceasefire hasn't calmed everything down as Saudi Arabia
• 1:30
  suspended operations at
• 1:32
  several oil facilities following Iranian attacks with losses of
• 1:36
  600,000 barrels per
• 1:37
  SPEAKER_00: day in production and US oil prices briefly surged back above $100.
• 1:43
  SPEAKER_00: Core PCE inflation came in at 3% in February,
• 1:46
  SPEAKER_00: marking the 60th consecutive reading above the Fed's 2% target,
• 1:51
  SPEAKER_00: so the inflation problem is far from solved.
• 1:54
  SPEAKER_00: The S&P 500 year-to-date total return sits at exactly 0%.
• 1:59
  which is a pretty telling snapshot of how volatile and
• 2:01
  directionless this year has
• 2:02
  SPEAKER_00: been for stocks while Bitcoin quietly climbs.
• 2:06
  SPEAKER_00: The VIX closed at 19.49,
• 2:08
  SPEAKER_00: which is actually below the level before the Iran conflict began,
• 2:12
  SPEAKER_00: suggesting the market has largely digested the geopolitical risk.
• 2:16
  SPEAKER_00: In altcoin news,
• 2:17
  Bittenzer fell over 10% after a major subnet developer exited
• 2:22
  citing governance
• 2:22
  SPEAKER_00: concerns.
• 2:23
  SPEAKER_00: The Torn blockchain received a major upgrade,
• 2:26
  SPEAKER_00: making it 10 times faster with sub-second transactions.
• 2:30
  And Matt Fury's first ever character,
• 2:32
  Spike Surged 50% after the Pepe ETF announcement.
• 2:37
  SPEAKER_00: That's your Friday recap.
• 2:38
  SPEAKER_00: Make sure to follow and I'll catch you right back here tomorrow.
• 2:41
  SPEAKER_01: And it dropped!
• 2:44
  SPEAKER_01: It's where we find the truth!
• 2:46
  SPEAKER_01: Listen to the panic drop.