Latest / Panic Drop Podcast / Tu 29/9 | Daily Crypto & Macro News

Transcript

Tu 29/9 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:05
  SPEAKER_00: Happy Tuesday all, and let's get straight into what happened over the past 24 hours.
• 0:11
  SPEAKER_00: Starting with politics,
• 0:12
  SPEAKER_00: because the White House officially blamed Democrats for failing to pass
• 0:15
  SPEAKER_00: the CryptoClarity Act,
• 0:17
  SPEAKER_00: which continues this back and forth blame game
• 0:20
  SPEAKER_00: that has defunded We'll see you next time.
• 0:35
  SPEAKER_00: A plot twist nobody had on their bingo card.
• 0:38
  SPEAKER_00: In corporate drama,
• 0:39
  SPEAKER_00: Shane shares tumbled over 12% after a reported 67% drop in quarterly profit,
• 0:46
  SPEAKER_00: proving that fast fashion and fast money do not always go together,
• 0:50
  SPEAKER_00: while MongoDB dropped 18.5% after CEO CJ Desai resigned immediately to take
• 0:57
  SPEAKER_00: a senior role at Meta because apparently everyone wants to work on AI right now.
• 1:03
  SPEAKER_00: Speaking of AI,
• 1:05
  SPEAKER_00: OpenAI cancelled the planned release of its GPT-6.1 Astra model over safety concerns
• 1:11
  SPEAKER_00: and suspended latest model training after reports of AI agents going rogue,
• 1:16
  SPEAKER_00: which is either extremely responsible or extremely concerning depending
• 1:20
  SPEAKER_00: on how you interpret it.
• 1:22
  SPEAKER_00: On the macro front,
• 1:23
  SPEAKER_00: the United States and China reached a deal to cut tariffs on $60 billion worth
• 1:28
  SPEAKER_00: of goods, which is a positive development for trade tensions.
• 1:32
  SPEAKER_00: And President Trump said the US has surpassed Japan in steel production,
• 1:36
  SPEAKER_00: called Canada NVIDIA is no worse than China to make deals with,
• 1:40
  SPEAKER_00: and claimed inflation will be completely eliminated after the Iran war ends.
• 1:44
  SPEAKER_00: NVIDIA continues to be unstoppable,
• 1:47
  SPEAKER_00: adding $150 billion to its buyback program and closing up 2.2% while
• 1:53
  SPEAKER_00: the broader NASDAQ actually fell, truly in a league of its own.
• 1:58
  SPEAKER_00: Now for the bond market pain because
• 1:59
  SPEAKER_00: the longest duration Treasury bond ETF is now down 67% from its March 2020 peak
• 2:06
  SPEAKER_00: after the 30 year yield climbed from 0.8% to 5.6%.
• 2:09
  SPEAKER_00: So if you thought crypto
• 2:12
  SPEAKER_00: If crypto was volatile, try being a bond investor in a hiking cycle.
• 2:17
  SPEAKER_00: In crypto-specific news,
• 2:19
  SPEAKER_00: $531 million was liquidated from the market in the past 24 hours,
• 2:24
  SPEAKER_00: affecting over 132,000 traders.
• 2:28
  SPEAKER_00: But the bigger picture remains bullish because Bitcoin is on track
• 2:31
  SPEAKER_00: for its fourth best Q3 in history.
• 2:35
  SPEAKER_00: Michael Saylor's strategy transferred out 3,568 Bitcoin worth $297 million.
• 2:42
  SPEAKER_00: We'll see you next time.
• 2:57
  SPEAKER_00: On the warning side,
• 2:58
  SPEAKER_00: China's Ministry of State Security said crypto anonymity is an illusion
• 3:03
  SPEAKER_00: because blockchain leaves a permanent trail which is actually true
• 3:06
  SPEAKER_00: and something more people should understand.
• 3:21
  SPEAKER_00: Russia extended its diesel export ban until the end of October,
• 3:25
  SPEAKER_00: keeping energy markets tight,
• 3:27
  SPEAKER_00: and BitGit began a phased resumption of withdrawals after
• 3:30
  SPEAKER_00: that September 24th security incident.
• 3:36
  SPEAKER_00: It's 90% below its all-time high as the community rebuilds.
• 3:40
  SPEAKER_00: Sunrise-enabled Chainlink-powered Coinbase wrapped ADA on Solana
• 3:44
  SPEAKER_00: with Pump.fun now supporting ADA pairs.
• 3:47
  SPEAKER_00: And ZacXBT reported that actors laundering 387 million from
• 3:52
  SPEAKER_00: the BitJet exploit are openly asking for help in public Discord
• 3:56
  SPEAKER_00: and Telegram channels, which is bold to say the least.
• 3:59
  SPEAKER_00: That's your Tuesday update.
• 4:01
  SPEAKER_00: I'll see you all tomorrow.
• 4:04
  SPEAKER_01: It's where we find the truth.
• 4:06
  SPEAKER_01: Listen to the Panic Drop.