Panic Drop Podcast

Daily Crypto & Macro News - Tu 12/08/2025


Listen Later

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

🚨 Major Headlines & Market Moves 🚨

β†’ Metaplanet buys another 518 Bitcoin worth $61 million. They now hold 18,113 BTC worth $2.1 billion.

β†’ Elon Musk says xAI will take immediate legal action against Apple for alleged antitrust violations.

β†’ Stripe is developing a new payments-focused blockchain.

β†’ President Trump officially extends China tariff deadline by 90 days.

β†’ Former White House Crypto Council Executive Director says there is a clear directive to build a strategic Bitcoin reserve.

β†’ President Trump says gold will not be tariffed.

β†’ Total cryptocurrency market cap reaches a new all-time high of $4.1 trillion.

β†’ Nakamoto CEO says the company will buy over $1,000,000,000 worth of BTC today.

β†’ President Trump says tariffs are making the US strong and rich.

β†’ Jeff Bezos' Space company Blue Origin to accept Bitcoin and crypto for payments.

β†’ US companies are projected to buy back over $1.1 trillion in shares this year, another all-time high.

β†’ Strategy buys another 155 Bitcoin for $18 million.

β†’ S&P 500 operating earnings are on pace to hit another record high, up 11% over the last year.

β†’ Nvidia and Microsoft now make up over 15% of the S&P 500, the highest weighting for any two stocks in the index on record.

β†’ Bitcoin surged to $122,000, liquidating $30 million in shorts, now trades at $118,800.

πŸ“Š Altcoin Market Updates πŸ“Š

β†’ Publicly traded ETHZilla raises $156,000,000 to buy more ETH.

β†’ Total spot ETH ETF volume surpasses $2,725,000,000 today.

β†’ Moonbirds flip Azuki in floor price.

β†’ Publicly traded Fundamental Global buys 47,331 ETH worth $202.8 million.

β†’ Bitmine Immersion Tech becomes the first strategic ETH reserve entity to cross the 1 million ETH milestone.

β†’ Publicly traded Bitmine Immersion buys another 317,126 ETH worth $1.32 billion.

β†’ ALT5 Sigma Corporation announces $1,500,000,000 raise to initiate WLFI treasury strategy.

β†’ Jack Kay , from the Ibiza Boss meme, launches memecoin which is currently down 98%.

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

Connect with me on:

🟦 Linkedin: Timothy Assi

πŸŸͺ Instagram: @panic_drop

⬛ X: @timoassi

πŸ“§ [email protected]

🟩 Panic Drop Podcast β€” on your favorite streaming app

www.panicdrop.com



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit panicdrop.substack.com/subscribe
...more
View all episodesView all episodes
Download on the App Store

Panic Drop PodcastBy Panic Drop - Timothy Assi