Originally aired on October 25, 2023

Wendy O hosted a crypto show episode discussing the latest news and market updates in the cryptocurrency space. She started by talking about the potential inflows of $14 billion into the crypto markets with the launch of a Bitcoin spot ETF. Wendy was skeptical that a spot ETF would drive mass adoption, believing it enables institutions while restricting retail investors.

Shifting to market analysis, Wendy examined the charts for Bitcoin and Ethereum. She saw signs of strength in Bitcoin’s weekly chart but warned that a pullback was still possible. For Ethereum, Wendy believed price could reach $2100 before a major breakout. She also gave updates on Polygon, mentioning she planned to buy more during a retracement.

Later, Wendy covered proposed IRS crypto regulations requiring extensive disclosures and reporting from digital asset brokers. She argued this could make crypto trading in the U.S. difficult without going through regulated platforms like ETFs. Wendy urged listeners to submit comments on the proposal.

The episode finished with stories on Sam Bankman-Fried testifying in court, BlockFi exiting bankruptcy, and Vodafone demonstrating blockchain for global trade. Wendy emphasized the importance of oracles through the Vodafone story and said other oracle projects could do well.

What major developments happened in the crypto markets?

• Bitcoin spot ETF could bring $14 billion into crypto initially
• BTC showed strength, though still risks pullback
• ETH poised to reach $2100 before breakout
• IRS proposing strict new crypto reporting rules

What’s the outlook for Bitcoin and Ethereum price?

• BTC weekly chart looks strong but retest of $27k-28k possible
• ETH aiming for $2100 before a larger move up
• Wendy bullish long-term but expects volatility short-term

What warning did Wendy give about new IRS regulations?

• Rules would require disclosures from digital asset brokers
• Could make crypto hard to trade without regulated platforms
• Wendy fears retail investors will be most harmed
• Urged listeners to submit commentary against proposal

What court news did Wendy discuss involving FTX?

• Sam Bankman-Fried to testify, defend actions before collapse
• Lawyer expects direct testimony to match Caroline Ellison’s
• Will have 3 defense witnesses
• FTX received multiple bids to potentially restart platform

00:00 –  Intro

04:20 – The entire crypto market

06:00 – BTC weekly, daily & 4h

08:20 – ETH price analysis

11:30 – $14B to enter crypto market

17:55 – Blackrock ETF on the DTCC list since August

19:20 – BlackRock fined by the SEC

21:00 – Ark Invest ETF added to DTCC list

22:30 – Hashdex met SEC to discuss ETF

25:10 – USA vs crypto

30:55 – FTX estate funds on the move

31:35 – Celsius Network Blockfi bankruptcy updates

33:00 – FTX 2.0

35:50 – Tom Emmer hasn’t returned FTX donations

37:00 – Blockfi exits bankruptcy

40:45 – Bullish $LINK news

42:15 – Polygon deploys new token on ETH

45:30 – Ripple out-working everyone

46:30 – Beer or wine?

49:25 – What is New Bitcoin City?