Panic Drop Podcast

Daily Crypto & Macro News - Fr 8/08/2025


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Happy Friday! If you missed the past 24 hours in crypto and stocks, here's your full recap:

🚨 Major Headlines & Market Moves 🚨

→ President Trump signs executive order allowing cryptocurrencies in 401(k) retirement plans

→ President Trump signs executive order to stop unlawful debanking of the Bitcoin and crypto industry

→ Bitcoin briefly reclaims $117,000, now trades at $116,800.

→ Bank of England cuts interest rates by 25bps to 4%

→ Institutions have bought 545,579 bitcoin while miners have only mined 97,082 new bitcoin in 2025

→ Asset manager 'Parataxis Holdings' to raise $640,000,000 to buy Bitcoin for their treasury

→ Gas station giant SHEETZ announces 50% discounts when paying in Bitcoin & crypto "every day"

→ Mike Novogratz says “monster pool of capital” will get exposure to Bitcoin and crypto with Trump’s executive order

→ Elon Musk reposts animated Bitcoin wizard on X.

→ 82% of S&P 500 companies beat quarterly earnings estimates, despite President Trump's tariffs

→ Amazon's AWS revenue over the last 12 months ($117 billion) was higher than the revenue of 468 companies in the S&P 500

→ Apple has bought back $704 billion in stock over the past 10 years, greater than the market cap of 488 companies in the S&P 500

→ The US Bond Market has now been in a drawdown for over 5 years, the longest in history

→ US imposes tariff on one-kilo gold bars

→ President Trump says reciprocal tariffs take effect at midnight and "billions of dollars" will start flowing into the US

→ Federal Housing Director says Fed Chair Jerome Powell is hurting the housing market

→ OpenAI officially launches GPT-5

→ Elon Musk says "OpenAI is going to eat Microsoft alive"

→ President Trump to make 'major' announcement on the economy

→ Crypto Czar David Sacks says the executive orders President Trump signed today will give 90 million Americans access to crypto

📊 Altcoin Market Updates 📊

→ Ethereum reclaims $3,900 & $460,000,000,000 market cap

→ BlackRock buys 9,251.59 Ethereum worth $34.2 million

→ Publicly traded SharpLink Gaming raises $200,000,000 to buy more Ethereum.

→ Ethereum daily transactions (7DMA) hit new all-time high

→ SEC vs Ripple $XRP case is officially over

→ Ripple to acquire Rail for $200 million, expanding leadership in stablecoin payments

→ Chainlink announces Chainlink Reserve and was up +10% on the day.

→ Paradigm’s FrankieIsLost says Solana already has the technology to support ‘internet capital markets’ at scale, but perception is the obstacle

→ Axiom flips Hyperliquid in 24h revenue

If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.

Connect with me on:

🟦 Linkedin: Timothy Assi

🟪 Instagram: @panic_drop

⬛ X: @timoassi

📧 [email protected]

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Panic Drop PodcastBy Panic Drop - Timothy Assi