Latest / Panic Drop Podcast / Mo 09/11 | Daily Crypto & Macro News

Transcript

Mo 09/11 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Monday all and what a way to start the week.
• 0:05
  SPEAKER_01: Bitcoin is sitting around $74,800 down about 1% after a nasty little flush
• 0:12
  SPEAKER_01: where roughly $1 billion got liquidated from the crypto market
• 0:15
  SPEAKER_01: in just 10 minutes briefly pushing Bitcoin under 74 ,000.
• 0:19
  SPEAKER_01: Still, the bulls are not going quietly.
• 0:23
  SPEAKER_01: Michael Saylor is hinting at another Bitcoin announcement today
• 0:27
  SPEAKER_01: with his classic connecting the dots tease and the CEO of Strive says
• 0:32
  SPEAKER_01: the hurdle rate is orange, which is about as subtle as a billboard,
• 0:37
  SPEAKER_01: but the real headline this weekend is NVIDIA.
• 0:41
  SPEAKER_01: The board has opened an independent investigation into Jensen Huang's relationship
• 0:46
  SPEAKER_01: with a suspected Chinese spy after he admitted to an affair in a letter
• 0:51
  SPEAKER_01: to employees.
• 0:53
  SPEAKER_01: The stock slipped about 3.7% in after-hours trading on hyperliquid,
• 0:59
  SPEAKER_01: and Calci traders now give a 34% chance that Jensen steps down before July 2027.
• 1:06
  SPEAKER_01: On top of that, he called US chip policy a mistake and said China is not an enemy,
• 1:11
  SPEAKER_01: so this one is far from over.
• 1:13
  SPEAKER_01: Zooming out to macro, President Trump says the stock market lost $3 trillion
• 1:18
  SPEAKER_01: in a single day after the midterms.
• 1:21
  SPEAKER_01: Democrats plan to block his $1.5 trillion military budget and the Treasury is set
• 1:27
  SPEAKER_01: to buy back up to $9 trillion.
• 1:31
  SPEAKER_01: The AI build-out keeps rolling too,
• 1:35
  SPEAKER_01: with data center construction spending up 90% in a year to a record $96.5 billion,
• 1:40
  SPEAKER_01: and big tech now spending a record share of revenue on Apex with Meta at 43%.
• 1:47
  SPEAKER_01: Meanwhile, value stocks are beating growth by more than 30 points this year,
• 1:52
  SPEAKER_01: a spread even wider than in 2000.
• 1:55
  SPEAKER_01: And earnings season keeps going with constellations Energy, KKR and Take -Two today.
• 2:01
  SPEAKER_01: CoreWeave on Tuesday.
• 2:03
  SPEAKER_01: And Cisco Applied Materials are Nebius on Thursday.
• 2:06
  SPEAKER_01: Over in Altcoin land Ethereum is down about 4 % to around $2 ,137 dollars
• 2:13
  SPEAKER_01: And altcoins overall have shed roughly $200 billion with 70 %
• 2:18
  SPEAKER_01: of Binance listed coins now below their 200 -day moving average.
• 2:22
  SPEAKER_01: Vitalik stirred the pot by saying Ethereum makes more sense as a store of value
• 2:28
  SPEAKER_01: than as a fee burning token.
• 2:30
  SPEAKER_01: Tolly from Solana agreed, and at least one VC called him a wacko.
• 2:36
  SPEAKER_01: Starkware says Starknet going L1 is more urgent after the Glamsterdam upgrade delay.
• 2:43
  SPEAKER_01: That's your Monday rundown.
• 2:45
  SPEAKER_01: If you enjoyed it, hit follow and I'll see you right here tomorrow.
• 3:00
  [music]