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Truth about FTX revealed Today (XRP RIPPLE Just Lost)

Originally aired on October

In this episode of The O Show, Wendy O discusses various topics related to the crypto industry. She starts by sharing her enthusiasm for an upcoming karate combat event and highlights the real utility of crypto in the event’s app. Wendy then delves into the FTX debacle and criticizes the lack of accountability from public servants and politicians in the United States. She moves on to discuss the recent developments in the Ripple and XRP case, including the departure of Ripple’s CFO and the abandoned acquisition of Fortress. Wendy also provides updates on the ongoing trial of Sam Bankman-Fried and Caroline Ellison, sharing her thoughts on their involvement in the collapsed crypto firm, Alameda Research. The episode concludes with Wendy addressing the current state of the cryptocurrency market and the upcoming Bitcoin halving.

Ripple Loses CFO and Ditched Acquisition of Fortress

  • Ripple’s CFO, Christina Campbell, leaves the company for another firm.
  • Ripple is searching for a replacement CFO.
  • The abandoned acquisition of Fortress leads to negative opinions on Ripple.

Caroline Ellison’s Testimony in Sam Bankman-Fried’s Trial

  • Caroline Ellison testifies in the trial of Sam Bankman-Fried.
  • Ellison’s proximity to FTX and her involvement in the collapse of Alameda Research are highlighted.
  • The SEC’s focus on Ellison’s drug use and the potential impact on her recollections is mentioned.

Bitcoin Market Analysis

  • Bitcoin’s current market performance is discussed.
  • Wendy analyzes Bitcoin’s price movements in relation to previous halving events.
  • The importance of understanding market cycles and holding Bitcoin is emphasized.

Bitcoin Oracles Used for Protest and Free Speech

  • An anonymous activist group inscribes classified US logos onto the Bitcoin blockchain as a form of protest.
  • It is seen as a way to protect and promote free speech.
  • The tension between Bitcoin maximalists and those advocating for decentralized use of the blockchain is addressed.

Fidelity-backed V-Dow Launches Biotech Company

  • Matrix Biosciences, a biotech firm backed by V-Dow, is launched.
  • The company aims to develop revolutionary treatments for cancer and age-related diseases.
  • Initial funding of 300,000 is secured, with further financing expected through NFT fractionalization.

Police Freeze Crypto Accounts Linked to P-Group

  • The I-Police freezes crypto asset accounts linked to the P-Group.
  • Cooperation with Binance is mentioned in targeting the accounts.
  • Seized funds are expected to go to the I-National treasury.

00:00 – Show intro

05:00 – The entire crypto market

07:45 – BTC daily

07:45 – Major Ripple update

12:55 – Caroline Ellison testifies today

21:50 – Alameda minted billions in USDT before bankruptcy

23:20 – What is boy math?

25:40 – Back to Alameda USDT story

29:45 – SBF trial updates

31:50 – FTX hack update

32:30 – Battle of the DEXs Thor chain

34:25 – SEC has until Friday to appeal in Grayscale case

35:15 – A supermarket sued a DEX

36:30 – Is BTC mirroring past cycles?

37:20 – altcoins on Bitcoin

37:30 – Fidelity praises Bitcoin

38:30 – RFK to run as an independent candidate

41:00 – BTC Ordinals used to fight censorship

44:30 – Police seize crypto after incident

45:33 – A big shout out to the Squidgrow community

46:20 – Pfizer backed DAO creates biotech firm

47:20 – Grift with us on Friendtech

47:40 – Top tips for using crypto exchanges