Originally aired on August 2, 2023
In this episode, Wendy O discusses some major moves by Ripple and the crypto XRP. She covers Ripple locking up 800 million XRP into escrow, noting the company’s practice of transparency around its token distributions. Wendy believes this level of disclosure helps traders and investors make informed decisions.
There is also a breakdown of a new partnership between Ripple and the Faster Payments Council. The joint report found dissatisfaction with legacy systems for cross-border payments. Wendy argues if Ripple keeps pursuing strategic collaborations like this, it can lead innovation in global payment rails within 3 years.
The show covers a prediction of crypto mass adoption by 2025 from Raoul Pal, former Goldman Sachs executive. Wendy notes his forecast mirrors Ripple’s own survey indicating blockchain adoption by 2025. She is skeptical about measuring wallet addresses versus users.
In addition, Wendy discusses a contagion risk affecting decentralized finance protocols. She explains the complex web of co-mingled funds and overleveraged loans. With vulnerabilities in code like Curve’s Viper programming language, mass liquidations could trigger volatility.
Other topics include Uniswap delisting HEX after the SEC’s lawsuit, FTX’s bankruptcy reorganization plans excluding FTT, and Kenya suspending Worldcoin over iris scan privacy concerns. Wendy signs-off noting XRP’s downward price action but her interest in buying below $0.66.
What recent moves did Ripple make regarding its XRP holdings?
- Locked up 800 million XRP into escrow wallets
- Wendy praises Ripple’s transparency around token distributions
- Helps inform traders and investors when making decisions
What is Ripple’s new partnership related to payments?
- Teaming with Faster Payments Council on a joint report
- Found dissatisfaction with cross-border legacy payment rails
- Wendy says strategic partnerships can lead to Ripple innovating global rails
What does an ex-Goldman Sachs exec forecast about crypto adoption?
- Raoul Pal predicts over 1 billion crypto users globally by end of 2025
- Timeline echoes Ripple survey suggesting blockchain adoption by 2025
- Wendy skeptical of measuring wallets versus actual users
What risks are brewing in decentralized finance protocols?
- Contagion risk due to co-mingled funds and overleveraged loans
- Code vulnerabilities like Curve’s Viper language causing liquidations
- Mass liquidations could trigger volatility across crypto markets
How did Uniswap respond to the SEC’s charges against crypto project HEX?
- Delisted the HEX token from its interface
- Wendy slams the move as Uniswap is supposed to be decentralized
- Notes SEC has yet to prove claims that HEX is a security
00:00 – Intro
07:20 – The entire crypto market
08:05 – BTC weekly & daily
09:20 – Shout out to JohnnyO
10:40 – LTC
11:35 – XRP
12:45 – Ripple XRP million dollar moves
16:05 – Hedera HBAR BIG partnership
19:00 – SEC investigated
23:45 – Gamestop loses key features
29:30 DeFi contagion event
26:00 – AAVE CRV Curve Finance proposal to mitigate risk
37:00 – Worldcoin ban in Kenya
39:30 – Uniswap delists HEX
41:10 – SBF feels violated
43:35 – Coinbase to add BTC lightning network
45:00 – Binance FUD
48:40 – US in major debt still (trillions)