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Episode · Aug 7, 2024 ·

ATC: $XRP Ripple is above $0.60, We are sooooo back!

On the mic

Summary

0:03:52

XRP Surges Past 60 Cents

Dave opened the show celebrating the XRP ruling that reduced the fine from 2B to 125M, with XRP jumping above 55 cents and later 60 cents in a sea of red. NatNat called it huge news and said big money on the sidelines now has conviction to buy back in.

0:03:52A $125M fine instead of $2B

0:08:10Kool on XRP volume, short squeeze or big money buying

0:12:57Most XRP volume is coming from Asian exchanges

0:14:35

Futureverse and Root Network Explained

Bildo Verde shared that he holds XRP through staking Root on the Root Network, where XRP serves as the gas token, and described Futureverse as building a giant tech stack with partners like NVIDIA, Tencent and Ready Player One plus the Readyverse game. A speaker highlighted XRP as a global payment system for banks that could return to the top five. NatNat said people are sleeping on XRP and that the key is buying when nobody wants it.

0:30:32

Bitcoin XRP Bridges and Giveaway

Dave and NatNat listed bridges between Bitcoin and XRP including Axelar, xrpl.org and chainspot. Dave announced a giveaway of 25000 FPS tokens from the Web3 War game on Zilliqa, which has over 200M monthly active users, with winners to be picked the next day.

0:34:20

Arbitrum USDC Gas and New Trusts

Dave covered Arbitrum partnering with Circle to let users pay gas in USDC on Orbit chains. Kool called it bullish for Arbitrum, which leads in Ethereum L2 TVL with over 500 projects built. Kool and NatNat discussed Grayscale launching new trusts for Sui and Bittensor, noting Sui has low TVL but strong founders while Bittensor could be a top AI project in crypto.

0:40:11Ripple and the Dubai International Financial Center

Moments0:34:20
0:49:14

X Payments Rumors and Market Reversal

The group discussed X payments rumors and Elon Musk, with Kool saying it could challenge banks if blockchain is integrated and NatNat stressing the need to see smooth implementation and which tokens are used.

0:49:14X as a town square for real-time news

1:03:53Japan and bond yields, and dark pools explained

1:13:09

Election Impact on Crypto

Dave asked about Kamala Harris picking a VP and what it means for crypto. Kool speculated the quick XRP case resolution might connect to her campaign reaching out to XRP teams but still sees Trump as more positive for the industry. NatNat agreed Trump would likely be better for crypto yet reminded everyone that faith ultimately decides outcomes.

Moments1:13:09

Key quotes

“And just so you guys know, the volume is coming from Asia. Asia is who's pumping this this stuff for you.”

Kool0:12:57Share on X

“I'm not one that's gonna say, like, XRP is gonna get to, like, a $100, But, like, I think the 3 to $5 range is, like, very realistic.”

Bildo Verde0:17:23Share on X

“The key to making real money in this business is getting it when nobody wants it, Getting it when nobody knows about it.”

NatNat0:20:38Share on X

“But what I'm saying is everybody has to do their own homework at the end of the day.”

Dave0:46:29Share on X

“That's what makes dark pools so dangerous because you don't know what it is until after the fact.”

NatNat1:08:48Share on X

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Show discussion, not financial advice.