The Market Reaction to Iranian Bombing

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 3 October 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Yesterday Iran sent a barrage of missiles towards Israel, escalating the simmering regional conflict. NLW looks at how the markets -- both tradfi and crypto -- responded to the news. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, Cefu, Cubolt, Matrixport, Copper, OKX and aims to have over $200M TVL at mainnet launch on the 23rd of October. Follow exSat’s Twitter to stay up to date @exsatnetwork or visit the testnet exsat.network Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.4	What's going on, guys? It is Wednesday, October 2nd, and today we are talking about the market
0:23.6	reaction to Middle Eastern escalation. Before we get into that, however, if you are enjoying the breakdown,
0:28.6	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into
0:32.3	the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go
0:36.3	to bit.ly slash breakdown pod. All right, friends, well, the big market action yesterday was obviously not about the
0:42.7	markets. So today we are going to dig into Iran's attack on Israel. And just to be clear, we will not
0:47.9	be talking about it from a geopolitical perspective. That's obviously not the focus of this show.
0:52.0	Instead, we will be looking at it strictly from a market
0:54.4	implication standpoint, trying to understand how investors are thinking about this and pricing in what
0:59.5	they see happening next. Effectively, while there's an argument that market reactions are just about
1:04.5	the least important part of violent conflict, they are, for our purposes, the focus of the show.
1:09.7	So with that said, on Tuesday night, Iran
1:11.6	launched dozens of missiles into Israel in the latest escalation in the Middle East.
1:15.6	Reports suggest that many of the missiles were successfully intercepted, but this is the most
1:19.3	damaging retaliation from Iran thus far in this round of conflict. Israel military officials
1:24.4	acknowledged, quote, a few hits in the center and other areas in the south of the country. U.S. Secretary of State Antony Blinken claimed the attack, quote,
1:31.0	appears to have been defeated and ineffective. The Iranian Republican Guard for their part said
1:34.9	that this was the first use of hypersonic missiles and claimed that 90% of projectiles hit
1:38.5	their targets. The targets were claimed to be three military bases, including the Telnaf air base,
1:43.0	which holds the majority of Israel's aircraft. Iran said the attack was a response to the recent assassinations of top Hezbollah
	...

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