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Ethereum Going To Zero? (FTX 2.0 Is Here)

Originally aired on November 7, 2023

In this episode of The O Show, host Wendy O discusses the potential theory of “Eth Gate,” which suggests that Ethereum founders and the Ethereum Foundation had secret dealings with high-ranking US officials and the Chinese Communist Party (CCP). She also covers the launch of FTX 2.0, a groundbreaking partnership between Cardano and Polkadot, Kraken’s plans to build a layer 2 blockchain network, and other news in the crypto industry. Wendy O emphasizes the importance of conducting due diligence and making informed decisions in the crypto space.

Is Ethereum involved in a scandal? (Eth Gate Theory)

  • Theory suggests Ethereum founders and the Ethereum Foundation had secret dealings with US officials and the CCP.
  • Alleged fraud and potential regulatory manipulation may damage Ethereum’s credibility.
  • The authenticity of the theory is still unverified, but it raises questions about Ethereum’s connections and operations.

FTX 2.0: Reshaping Blockchain Interoperability

  • FTX aims to build a layer 2 blockchain network similar to Coinbase’s Base.
  • The partnership between Cardano and Polkadot will integrate their frameworks to offer versatile solutions for different chains and ecosystems.
  • This collaboration may revolutionize blockchain interoperability and expand opportunities for developers and users.

Kraken’s Plans for Layer 2 Blockchain Network

  • Kraken is considering partnerships with leading blockchain firms to launch their own layer 2 protocol.
  • The company wants to provide a user-friendly solution and enhance speed and scalability.
  • The integration of layer 2 solutions can improve the overall efficiency and performance of blockchain networks.

Custodia Bank’s Regulatory Approval for Bitcoin Custody Platform

  • Custodia Bank has received regulatory approval for its Bitcoin custody platform.
  • The service offers segregated custody accounts for businesses, fiduciaries, and investment advisers.
  • Customers must be aware that deposits with Custodia are not insured by the FDIC.

Yugul Lab’s Social Lead Resigns After Controversial Tweets

  • A social lead at Yugul Lab, an unidentified individual, resigned after posting controversial tweets.
  • The incident highlights the importance of maintaining professionalism and respect on social media platforms.
  • Negative behavior and harmful comments should be avoided to create a healthy online environment.

Other News in the Crypto Industry

  • Bitcoin transaction fees reach the highest level in over five months, impacting user costs.
  • Ordinal sales on the rise, with a significant increase compared to the previous week.
  • Binance announces plans to list Orinoco, an L2 project, with potential inclusion in the C-tag category.

00:00 – Intro

03:30 – Grifting on the Bitcoin ETFs

04:50 – Protecting the babes

07:15 – The entire crypto market

08:35 – BTC weekly, daily, 4h & 45m

10:20 – ETH price analysis

11:10 – What is ETHgate ?

19:40 – Marketing 101

20:55 – FTX relaunch update

24:00 – Caroline Ellison former actress

24:30 – Join me & John Deaton live 3PM ET

https://twitter.com/CryptoLawUS/statu…

27:40 – New bill to cut Gensler’s salary

29:50 – Binance to onboard next 1billion users

30:25 – Economist steals Binance logo

34:50 – Binance to list ORDI trading pairs

36:30 – Bitcoin Ordinals inscriptions hits 38million

37:00 – Ccardano AD Polkadot DOT partnership

37:55 – Kraken to launch L2 blockchain network

38:30 – Custodia Bank launches BTC custody service

39:15 – Yugalabs staff resign