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Mo 12/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:05
  SPEAKER_00: Happy Monday all and let's kick off a new week with everything that happened over
• 0:08
  SPEAKER_00: the weekend because Bitcoin reclaimed the $84,000 level
• 0:12
  SPEAKER_00: after last week's brutal sell-off that saw us fall below 81,000.
• 0:17
  SPEAKER_00: Michael Saylor is back at it hinting at buying more Bitcoins.
• 0:20
  SPEAKER_00: On the institutional front,
• 0:21
  SPEAKER_00: South Korea's Jombok Bank started offering Bitcoin-backed loans, which is
• 0:35
  SPEAKER_00: This is another sign of how mainstream crypto lending is becoming in Asia.
• 0:39
  SPEAKER_00: Meanwhile,
• 0:40
  SPEAKER_00: US Treasury Secretary Scott Besant said the US will continue to pressure Iran
• 0:45
  SPEAKER_00: by seizing cryptocurrencies and tightening the naval blockade.
• 0:50
  SPEAKER_00: Crypto is now officially part of geopolitical strategy.
• 0:53
  SPEAKER_00: The People's Bank of China added 740,000 ounces of gold to its reserves
• 0:59
  SPEAKER_00: in September, extending its buying streak to 23 consecutive months.
• 1:03
  SPEAKER_00: And while that's not crypto,
• 1:05
  SPEAKER_00: It tells you central banks are still hedging against dollar uncertainty.
• 1:09
  SPEAKER_00: President Trump announced that Russia and Ukraine agreed to an immediate ceasefire
• 1:13
  SPEAKER_00: on energy infrastructure attacks,
• 1:15
  SPEAKER_00: though Ukrainian President Zelensky said he was unaware of any such agreement
• 1:19
  SPEAKER_00: which has piqued
• 1:22
  SPEAKER_00: In traditional markets,
• 1:23
  SPEAKER_00: the average stock in the S&P 500 is at its lowest level relative to
• 1:28
  SPEAKER_00: the cap-weighted index since November 2002 as mega cap dominance continues,
• 1:34
  SPEAKER_00: yet somehow After an early 2026 decline,
• 1:38
  SPEAKER_00: the S&P is now up 15% year-to-date,
• 1:41
  SPEAKER_00: which is more than double the typical year at this point.
• 1:44
  SPEAKER_00: US 10-year Treasury yields stand at their highest nominal levels since 2002,
• 1:50
  SPEAKER_00: And 30-year inflation-protected Treasury bonds offer a 3.37% yield above inflation,
• 1:53
  SPEAKER_00: which is the highest real yield in over 20 years.
• 2:05
  SPEAKER_00: Credit spreads for the weakest US companies have widened to 12.52%,
• 2:10
  SPEAKER_00: which is the highest in nearly four years,
• 2:13
  SPEAKER_00: so there's definitely stress building beneath the surface.
• 2:16
  SPEAKER_00: Big earnings week ahead with JPMorgan reporting Tuesday,
• 2:20
  SPEAKER_00: Before the Open expected to post 50.85 billion in revenue and 586 EPS.
• 2:26
  SPEAKER_00: Goldman Sachs also Tuesday expected at 17.42 billion in revenue and 15.39 EPS.
• 2:34
  SPEAKER_00: United Health Tuesday with street estimates of 111.49 billion in revenue and 415 adjusted EPS.
• 2:38
  SPEAKER_00: Bank of America.
• 2:43
  SPEAKER_00: Wednesday expected at 31.2 billion in revenue and 117 EPS
• 2:49
  SPEAKER_00: and ASML Wednesday expected to deliver 11.66 billion euros in revenue and 10.58 EPS.
• 2:57
  SPEAKER_00: The IMF said tokenized That's your Monday recap,
• 3:00
  SPEAKER_00: have a great start to the week and I'll see you all tomorrow.
• 3:25
  [music]