Originally aired on June 12, 2023
This episode of the O Show covers various topics relevant to the crypto community, including the imminent unsealing of the Hinman emails and its potential impact on the Ripple vs. SEC case, cautioning against meme coins, and analyzing the current state of the crypto market.
Will the unsealing of the Hinman emails affect the Ripple vs. SEC case?
- The emails may be used by Ripple in their defense against SEC allegations.
- The speech given by former SEC director Bill Hinman expressed the viewpoint that Ethereum should not be classified as a security.
- If Ripple successfully argues that XRP should not be classified as a security based on this speech, it could have positive implications for the project’s legal standing.
Cautioning against meme coins
- Many meme coins are likely to rug and go to zero.
- It’s important to take profit on disposable income invested in meme coins and avoid keeping significant holdings on mobile wallets or centralized exchanges.
Current state of the crypto market
- Market is seeing hesitant movement with both positive and negative shifts.
- MACD and Market Cipher indicators are bearish on Bitcoin.
- Green dot on the 12-hour chart indicates a local bottom has been found, but the 4-hour chart shows potential for breaking support and moving to 25.3-25.4.
00:00 – Intro
01:40 – How my morning went
03:20 – Be very careful with #memecoins
03:37 – The entire crypto market
04:20 – BTC daily and 12h
05:55 – SEC vs Ripple case update
12:14 – University Of Canada partners with Ripple
16:00 – Court drops PoolTogether lawsuit
17:35 – MATIC, ADA, SOL push back against SEC claims
23:25 – Former SEC cyber chief slams SEC actions
27:50 – Mark Cuban on the SEC
34:40 – ALGO, FLOW hit all-time-lows
37:45 – BTC on exchanges leaving The U.S.
41:00 – Robinhood crypto trading volume falls
43:50 – Gary Gensler about to be fired?!
48:35 – a16z moves to the UK
49:35 – China to unban crypto?
50:10 – Coinbase invited to move to Hong Kong
53:15 – First ever tokenized security listed in Hong Kong
54:00 – US Senator pushes efforts for crypto regulations
55:10 – JP Morgan on crypto regulation