Originally aired on August 11, 2023

In this episode of the O Show, host Wendy O discusses recent crypto news and market analysis with several expert panelists. Topics covered include Ripple’s revealed use case with the Bank of England, the outlook for Bitcoin ETF approval, Caitlin Long’s new crypto-friendly bank, the DCG lawsuit, SBF’s bail hearing, and more. The panelists provide perspectives on each topic from their areas of expertise. Overall, the episode covers major recent developments across crypto regulations, adoption, market infrastructure, and price action.

Ripple Use Case with Bank of England

• Bank of England exploring Ripple tech for settlement indicates growing crypto adoption by legacy institutions
• Panelists see it as a natural evolution bridging old and new financial systems
• Major validator of Ripple’s crypto solutions for global payments

Bitcoin ETF Approval Outlook

• Panel split on exact timing but agree eventual approval is likely
• Massive impending volumes could significantly impact Bitcoin price and market dynamics
• Regulatory hurdles remain under current SEC leadership

Caitlin Long’s Avanti Crypto-Friendly Bank Launch

• Addresses needs of crypto users faced with account closures at traditional banks
• Part of growing migration towards crypto-friendly jurisdictions like Wyoming
• Key infrastructure for managing crypto profits and assets

DCG Lawsuit Over Gemini Earn Collapse

• DCG moves to dismiss Gemini’s fraud lawsuit over lending subsidiary Genesis
• Billions in losses mean customers unlikely to fully recover funds
• Damages DCG reputation but pivot expected to crypto apps and infrastructure

SBF Bail Hearing on Witness Tampering Charges

• Justice system seen as favoring wealthy & connected defendants like SBF
• Charges related to FTX collapse; trial starts in October if bail revoked
• Panelists criticize unequal treatment compared to other crypto cases

Visa Exploring Crypto Gas Payments

• Visa testing card solution for paying Ethereum gas fees
• But high costs and slow speeds could undermine viability
• Panel mixed on whether bullish or neutral for crypto markets