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Tu 18/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:00
  SPEAKER_00: Happy Tuesday all.
• 0:01
  If you missed the past 24 hours in crypto and stocks,
• 0:04
  here's your full recap.
• 0:06
  Bitcoin fell below $90,000 today and over 130 million in crypto
• 0:10
  long positions got
• 0:11
  SPEAKER_00: liquidated in the process,
• 0:13
  SPEAKER_00: making this one of the more painful days we've seen in a while.
• 0:18
  SPEAKER_00: Now BlackRock clients sold 145 million worth of Bitcoin.
• 0:23
  and the market is now forecasting Bitcoin could drop to around
• 0:28
  $82,000 by year-end,
• 0:29
  SPEAKER_00: with odds of hitting $200,000 by 2027 falling to just 18%.
• 0:36
  SPEAKER_00: Meanwhile,
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  the White House is reviewing policy for IRS access to offshore
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  crypto holdings,
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  SPEAKER_00: which has people buzzing.
• 0:44
  On a more positive note,
• 0:46
  95% of the total Bitcoin supply has now been mined,
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  SPEAKER_00: which is a pretty cool milestone.
• 0:53
  SPEAKER_00: In other Bitcoin news,
• 0:55
  SPEAKER_00: MicroStrategy just bought another 8,178 Bitcoin for $835 million,
• 1:03
  SPEAKER_00: because of course they did.
• 1:05
  SPEAKER_00: And El Salvador went big with a $100 million Bitcoin purchase.
• 1:10
  SPEAKER_00: Elsewhere,
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  SPEAKER_00: Peter Thiel dumped his entire Nvidia position worth over $100 million,
• 1:17
  SPEAKER_00: which is quite the move considering how hot AI stocks have been.
• 1:21
  SPEAKER_00: Over in Japan,
• 1:23
  things are looking up for crypto as the FSA plans to classify
• 1:26
  crypto as financial
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  SPEAKER_00: products and slash the tax rate from 55% down to a flat 20%,
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  though Japan's 20-year government bond yield just hit its
• 1:37
  highest level since 1999.
• 1:41
  SPEAKER_00: Speaking of big moves,
• 1:42
  Google stock jumped nearly 7% after Berkshire Hathaway bought a
• 1:47
  $4.3 billion stake
• 1:50
  and trump approved a bill allowing tariffs up to five hundred
• 1:54
  per cent on russia's
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  trade partners while also saying a two thousand dollar tariff
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  dividend will be sent
• 2:00
  to americans by mid twenty twenty six in less exciting news
• 2:05
  mist gox moved over
• 2:07
  SPEAKER_00: nine hundred million worth of bitcoin which always makes people nervous
• 2:11
  SPEAKER_00: Bitcoin is now red on the one-year timeframe,
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  and the S&P 500 closed below its 50-day moving average for the
• 2:19
  first time since
• 2:20
  SPEAKER_00: April 30th.
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  SPEAKER_00: On a practical note,
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  you can now borrow up to $5 million against your Bitcoin
• 2:26
  without selling it on
• 2:27
  SPEAKER_00: Coinbase,
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  and Singapore Exchange is launching Bitcoin and crypto
• 2:32
  perpetual futures over in
• 2:34
  SPEAKER_00: the altcoin world.
• 2:36
  Ghost surpassed 11,500 holders as Zcash trades close to
• 2:41
  all-time highs with whales
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  SPEAKER_00: accumulating.
• 2:44
  Vanex Solana staking ETF is now live and Bitmine Immersion
• 2:49
  bought 54,000 ETH worth
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  169 million while BlackRock deposited 54,000 ETH worth 176
• 2:53
  million into Coinbase.
• 3:01
  SPEAKER_00: Unfortunately, Ethereum fell under $3,000.
• 3:06
  SPEAKER_00: Hype is the only top 15 token that's green in the last 24 hours.
• 3:11
  Dapradar announced they're shutting down their platform and
• 3:14
  Aave just introduced their app.
• 3:17
  If you enjoyed this daily roundup,
• 3:19
  make sure to follow me and I'll see you tomorrow.