The O Show – Shorts

Originally aired on June 28, 2023

BlackRock, Vanguard, and State Street, three major financial companies, have acquired an additional 12,333 Bitcoins, according to Michael Saylor from MicroStrategy. This move has significant implications for the Bitcoin market and the accessibility of Bitcoin for individual investors.

Is Bitcoin becoming more inaccessible because of traditional financial companies?

• BlackRock, Vanguard, and State Street have acquired a significant number of Bitcoins.
• Shareholders of MicroStrategy, such as BlackRock, Vanguard, and Morgan Stanley, have a say in the company’s actions.
• These companies are likely to promote traditional financial products, making it harder for individuals to purchase and store Bitcoin.

Originally aired on June 29, 2023

Kucoin has announced the implementation of mandatory Know Your Customer (KYC) procedures starting from July 15th. This article discusses what this means for users, the need to familiarize oneself with the terms of service, and the potential alternatives for trading on decentralized exchanges (DEXs).

How does the implementation of mandatory KYC affect Kucoin users?

• Users are now required to provide personal information and go through the KYC process to continue using Kucoin.
• The implementation aims to enhance security and potentially assist in catching hackers and recovering stolen crypto funds.

What should users do now?

• Users who wish to continue using Kucoin must complete the KYC process.
• Utilizing a VPN is still recommended for added security.
• Users should read and understand the terms of service to ensure their region is covered by Kucoin.

What happens if users do not complete the KYC process by July 15th?

• Failure to complete KYC may result in the loss of crypto funds.
• Users must withdraw their funds from Kucoin and consider utilizing cold storage or decentralized exchanges.

Are there alternative platforms for trading?

• Users can explore other decentralized exchanges such as DEXs on Ciscoin and Squid Grow.
• Researching and comparing different DEXs is crucial to find the best fit for individual trading needs.

The potential for profits and the importance of staying informed:

• The article suggests that the upcoming bull run may be the last due to increasing regulations.
• Educating oneself on decentralized finance (DeFi) and staying vigilant with operational security (opsec) practices is essential.
• Conducting personal research and staying prepared is crucial for successful trading in this evolving landscape.

Originally aired on June 28, 2023

The Federal Reserve recently released a list of financial institutions with access to their services, but it was not voluntarily done for transparency. Congress forced the disclosure, coinciding with the SEC’s targeting of crypto asset companies. The list raises questions about the eligibility of some institutions and highlights the lack of transparency in traditional banking. It also emphasizes the importance of conducting due diligence when using crypto asset exchanges.

Sub-Title: Why did the Federal Reserve publish the list of financial institutions with access to their services?

• Congress forced the Federal Reserve to disclose the list, not for the sake of transparency.
• The release coincided with the SEC’s actions against crypto asset companies, including Coinbase and Binance.
• The list raises questions about the eligibility and proper operation of some institutions.
• The traditional banking industry often allows certain institutions to operate despite potential issues due to influential connections.

Originally aired on June 28, 2023

Wendy O discusses the launch of a meme coin by Wall Street Memes, a popular crypto community. The article highlights their love for memes and their growing community.  It also provides information on how to buy the token, tokenomics, ambassadors, and an airdrop opportunity. The roadmap and pre-sale details are also mentioned.

Can Wall Street Memes’ meme coin become a viral sensation before the crypto bull run?

• Wall Street Memes partners with The O Show to launch their meme coin, WSM.
• The community is known for its love for memes and has a strong presence on social media.
• Instructions are provided on how to buy the token using different platforms, including Ethereum and Binance Smart Chain.
• The roadmap outlines plans for marketing, ambassador recruitment, and listing on different exchanges.
• A generous airdrop of 50,000 WSM tokens is offered to participants of the pre-sale.
• The pre-sale has multiple stages, with the earlier stages offering better value.

Originally aired on June 27, 2023

Wendy O discusses the launch of the Fidelity Bitcoin ETF and its potential impact on the cryptocurrency market. It highlights the interest of traditional financial institutions in Bitcoin and the concerns related to custodial ownership. Wendy also mentions the SEC’s approval of a Bitcoin-leveraged ETF and its implications.

Can the Fidelity Bitcoin ETF and the entry of traditional finance into Bitcoin be beneficial?

• Fidelity allegedly plans to file for a Bitcoin spot ETF, joining other major players in the market.
• Traditional financial institutions like BlackRock and Invesco have also expressed interest in Bitcoin spot ETFs.
• Fidelity’s extensive experience and large asset management make it a significant player in the crypto market.
• The launch of Bitcoin spot ETFs may limit retail investors’ access to traditional financial products.

Originally aired on June 27, 2023

The SEC’s case against Binance is being criticized for its alleged incompetence and lack of understanding of the crypto industry. The SEC is accused of unfairly targeting Coinbase and ripple in the past, and now they are going after Binance, claiming that some of the listed crypto assets are securities. However, the SEC’s approach is being questioned as they believe that proving just one asset as a security will lead to a win, despite multiple assets being alleged. This is seen as a waste of time and resources, with the lack of clear guidelines hindering innovation in the US.

Is the SEC vs Binance case an example of incompetence?

• The SEC’s alleged incompetence and lack of understanding of the crypto industry is frustrating taxpayers who are being told they are not intelligent enough to invest in traditional financial products if they don’t meet certain criteria.
• The SEC has previously gone after Coinbase and ripple, forcing them off-see, which has raised concerns about their targeting of crypto asset companies.
• The SEC’s claim that they can win the case by proving just one crypto asset as a security raises questions about their approach and the need to prove all alleged assets as securities.
• The lack of clear guidelines and failure to engage with Coinbase in the early stages has hindered innovation in the US, while other countries are thriving in the crypto industry.

Originally aired on June 15, 2023

BlackRock, a traditional finance company that owns roughly $8 trillion of assets globally, along with Bank of America and Fidelity, has publicly moved into the cryptocurrency space. This move raises concerns that traditional finance is seeking total control and may be behind the current crackdown on crypto asset providers in the United States. MicroStrategy, one of America’s largest Bitcoin holders, has ties to Bank of America, Fidelity, and BlackRock, indicating traditional finance’s involvement in the cryptocurrency industry.

Is Traditional Finance Behind the Crypto Crackdown?

• BlackRock, Bank of America, and Fidelity have publicly moved into the crypto space in Q1 2021.
• MicroStrategy, one of America’s largest Bitcoin holders, has ties to traditional finance, including Bank of America, Fidelity, and BlackRock.
• Bank of America increased its exposure to MicroStrategy stock by 47,800 in Q1, with a 2.37% stake in the stock.
• BlackRock has a 6% stake in MicroStrategy stock, worth over $156 million.
• Fidelity has a 1% stake in MicroStrategy stock and increased its exposure to 28,000% in Q1.
• These connections raise concerns that traditional finance may be behind the current crackdown on crypto asset providers in the United States.

Originally aired on June 14, 2023

Crypto firms in the US are looking to move outside the country due to the absence of regulatory guidelines. However, Congressman Warren Davidson is introducing the SEC Stabilization Act to restructure the SEC and fire Gary Gensler as the chairman. The act proposes six commissioners to make decisions, rather than a single person governing the SEC. Currently, the lack of clarity around crypto-assets and legality in the US is causing frustration among investors. Moreover, firms like a16z, who support crypto in the US, are now expanding to the UK.

Is Gary Gensler’s removal imminent, and how can the SEC stabilize the crypto market?

• Congressman Warren Davidson is seeking the SEC Stabilization Act’s approval to restructure the SEC and fire Gary Gensler as the chairman.
• The act proposes six commissioners to avoid one person’s unilateral decisions that have impacted the crypto industry.
• The lack of clarity and regulatory guidelines around crypto-assets is causing anxiety among investors and leading firms to move out of the country.
• Crypto investment firm a16z, which manages $35bn in assets, is opening a crypto start-up school in the UK due to regulatory clarity.
• The SEC’s job is to safeguard consumers, yet Gensler’s decisions have done the opposite, hurting the industry and making investors lose money.
• The DCTA is working towards good regulation that will help crypto firms thrive in a legal and ethical manner and support non-accredited investors.

Originally aired on June 13, 2023

The Hinman speech has been made public, and it contains emails showing that a token should not be classified as a security once it is fully decentralized. This conflicts with the SEC’s approach and could impact the future of crypto assets. The speech also highlights the SEC’s lack of understanding about how to classify digital assets as securities, which could result in unjust targeting of entrepreneurs and crypto asset exchanges.

Huge Victory for XRP and All of Crypto (Hinman Documents)

• The Hinman speech has been made public, featuring internal communications between Hinman and the SEC about how to classify digital assets.
• Hinman said that a token should not be classified as a security once it is fully decentralized, but the SEC’s approach has been to classify some crypto assets as securities.
• This speech could impact the future of crypto assets and what exchanges can list, especially for non-accredited investors.
• The SEC’s lack of understanding about how to classify digital assets as securities could result in potentially unjust targeting of entrepreneurs and crypto asset exchanges.
• The speech also highlights the SEC’s desire to keep control over the digital asset ecosystem, potentially hindering innovation and entrepreneurship.
• Hester Pierce’s Safety Harbor Act would have allowed crypto companies to register and prove their decentralization, but the SEC did not pursue this approach.