Originally aired on August 17, 2023
Wendy O discusses several topics, including a massive win for Ripple with a court ruling that deems XRP not a security, the potential approval of Bitcoin spot ETFs, the UK’s new crypto asset business regulations, the warning from former President Trump about the declining dominance of the US dollar, and positive developments in the Cardano, Polygon, and Stellar ecosystems. Additionally, Wendy O highlights the impact of Shiba Inu’s technical issues on its price, and the efforts of the Bitcoin beach community in El Salvador to educate young children about Bitcoin and its potential benefits.
Massive Win For RIPPLE (XRP)
- Ripple files opposition to SEC’s request for intraocular appeal, asserting that XRP is not a security.
- Ripple’s legal team challenges the SEC’s claims of recklessness and looks forward to proving the SEC wrong in court.
- Canadian users of Coinbase urged to withdraw assets following the exchange’s announcement of halting trading on certain stable coins.
Potential Approval Of Bitcoin Spot ETFs
- Better Markets Inc. writes a letter to the SEC opposing the approval of Bitcoin spot ETFs due to concerns about inflation and market dynamics.
- Grayscale’s case against the SEC may impact the approval of Bitcoin spot ETFs, with legal experts expecting a favorable ruling for Grayscale.
Uk Crypto Asset Business Regulations
- The FCA sets out expectations for UK crypto asset businesses to comply with the travel rule, requiring identification of sender and recipient for funds transfers.
- Crypto firms should assess risks when receiving funds from non-compliant countries and collect customer data even when the transfer destination cannot receive it.
Declining Dominance Of The Us Dollar
- Former President Trump warns about the diminishing dominance of the US dollar as a world reserve currency.
- Trump highlights the declining infrastructure in the US, comparing it to that of a third-world country, and emphasizes the importance of a strong currency for a healthy economy.
Positive Developments In Cardano, Polygon, And Stellar Ecosystems
- Cardano’s Charles Hoskinson reaffirms the platform’s resilience and the positive growth of the ecosystem.
- Polygon and Korean mobile giant SK Telecom collaborate to develop a web 3 ecosystem and support promising startups.
- Stellar releases an open-source disbursement platform for global payments, with a focus on aiding digital aid distribution.
Shiba Inu Issues
- Shiba Inu experiences bridge issues with the Shibarium platform, preventing users from bridging tokens.
- Users report stuck funds and lack of communication from the Shiba Inu community regarding the issue.
Bitcoin Education In El Salvador
- School children in El Salvador participate in after-school programs teaching them to set up wallets and send their first Bitcoin transactions.
- The Bitcoin beach community aims to provide financial education and opportunities to underbanked communities.
00:00 – Show intro
03:45 – Coinbase removes these stablecoins
04:20 – How to invest (Harsh truths)
06:00 – Back to Coinbase news
08:25 – The entire crypto market
08:40 – BTC daily & 4h
10:55 – Massive Ripple win
19:30 – Liz Warren hates you
22:40 – Join WendyO at Rare Evo this month! https://www.cryptowendyo.com/rare-evo…
23:50 – Spot Bitcoin ETF in 2024
26:00 – New regulations in UK are predatory
27:05 – Fed rate hikes
34:10 – Trump warns the dollar is losing dominance
42:15 – Track Donald Trump wallet on Arkham Intel
42:45 – Cardano founder defends project ADA
44:30 – Polygon MATIC partners with Korea mobile giant
44:50 – Stellar Lumens XLM launch payments platform
46:00 – Shibainu Shibarium failures
47:20 – Bitcoiners teach school kids money and crypto in El Salvador
49:30 – FTX Genesis bankruptcy updates