On the mic
Summary
This episode of ATC opened with the XRP ruling: a judge ordered a fine of $125 million instead of the roughly $2 billion that had been discussed, and XRP rose about 23 to 24 percent while the rest of the market was red. The hosts and speakers asked whether the move was a short squeeze or new money coming in. They looked at where the volume came from, much of it Asian exchanges, and at how XRP fits into cross-chain activity through Futureverse, the Root Network, Axelar and other bridges. The show then covered Arbitrum's partnership with Circle to let users pay gas in USDC on Orbit chains, new Grayscale trusts for Sui and Bittensor, and rumors of an X payments system. In the second half NatNat walked through the day's stock market reversal, the effect of Japan on bond yields, and how dark pools work. The panel then discussed Kamala Harris's VP pick and what the election could mean for crypto, and Dave announced a Web3 War token giveaway on Zilliqa. All of this is discussion, not financial advice.
Chapters
Opening and the XRP ruling: a $125M fine instead of $2B, and XRP above 55 centsMomentAt 0:03:52 on X
Bildo on holding XRP through Futureverse and the Root Network, where XRP is the gas tokenMomentAt 0:14:35 on X
Voice E on XRP as a global payment system and its chances of returning to the top fiveMomentAt 0:17:50 on X
Ripple and the Dubai International Financial Center, plus the new Grayscale trusts for Sui and BittensorMomentAt 0:40:11 on X
NatNat on the stock market reversal, Japan and bond yields, and dark pools explainedMomentAt 1:03:53 on X
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.”
Excerpts
Opening and the XRP ruling: a $125M fine instead of $2B, and XRP above 55 cents
- 0:03:52 Dave Let's go, baby. Welcome, everybody. What's good? Welcome. Welcome. Welcome. Another episode of ATC. All things crypto. Yeah, man. There is a lot cracking lacking in this market right now, but the shining star is one to…
- 0:04:29 Dave I like it. I like it. I like it. I like it. I like Cool, my boy. What's happening, my brother? How's everything going? How was the orientation for the little kiddo yesterday?
- 0:06:35 Dave Let's go, man. Cool. Where you at with with XRP? Hey. Who's ready? Where you at with this XRP this XRP decision, bro?
Kool on XRP volume: short squeeze or big money buying
- 0:08:10 Kool I think I think it it could be it could be, like a like a massive show squeeze on this because this this is crazy. The volume the volume of XRP right now is is $3,000,000,000 in volume, 3,600,000,000. Number one is…
- 0:10:08 Kool No. No. So... Yeah. Yeah. Agree with you. So XRP might might be one of the most suppressed tokens in the whole... In the entire crypto after the SEC filing. They haven't had a bull market in in forever. I just think…
- 0:12:18 Dave Brian, I think you're running a bit, brother. So can you get to a can you get to a better spot?
Most XRP volume is coming from Asian exchanges
- 0:12:57 Kool And just so you guys know, the volume is coming from Asia. Asia is who's pumping this this stuff for you. Coin CoinDepth, CoinCX, 585,000,000 volume. Binance, 584,000,000 volume. Updates as a soft Korean exchange…
- 0:13:47 Dave know what's interesting? When we look at top 10 right now is I'm seeing XRP literally just on the verge of passing USDC and market cap. Right? Obviously, USDC is a stable, but that's to go into the sixth spot. I…
- 0:14:07 Dave Yeah. Like, it's it's it's crazy. What's good, Benny? Yeah, man. I saw a build out came up real quick. Wait. Actually, real quick, Benny, before I I I jump to you, Brian, like, you in a better service spot? Obviously…
Bildo on holding XRP through Futureverse and the Root Network, where XRP is the gas token
- 0:14:35 Bildo Verde I didn't even hear you say Futureverse. I just got up the spaces with Aaron that he was doing about Futureverse, ASM, all that stuff. But I saw XRP, and I'm like, alright. Let me get up here and see what they're saying…
- 0:16:46 Bildo Verde I mean, do you sleep on Bitcoin or Ethereum? Or... I mean, what do... What are your expectations for something like that if ETH is now 2,500 or Bitcoin's sitting at whatever it is today? Like, bull run, you think…
- 0:17:23 Bildo Verde 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. Interesting.
Voice E on XRP as a global payment system and its chances of returning to the top five
- 0:19:37 Bildo Verde But, I mean, just FYI.... Partner with people like Futureverse that is building that tech to then kinda circumvent if tech does take over. They're still the ones processing all the transactions for the tech companies.
- 0:19:53 Dave Exactly. That was what I was gonna say. And then then I'm coming to you right now. The other thing to note too, guys, when I'm looking at just these top 10, okay, Dogecoin is a $14,000,000,000 market cap. XRP is…
Are we sleeping on XRP? NatNat on buying when nobody wants it
- 0:20:25 NatNat And to answer your question, are you guys sleeping on XRP? Hell yeah. Absolutely. I think XRP has been slept on for a long time. Algorand has been slept on for a long time, and Hibera has been slept on
- 0:22:24 NatNat Yeah. I get what you're saying exactly. Like, people are not... Right. Like, people are not practicing what they preach. They say buy low, sell high, but they're chasing bean coins or, like, whatever crazy market cap…
- 0:23:53 Dave Interesting, man. Yeah. Dude, listen. I'm kinda with you because XRP... I don't hold zero... I have zero position in XRP, full, like, full disclosure. But I... XRP has this nostalgic place in my heart because, like…
Bildo explains Futureverse, Readyverse and the Root Network
- 0:27:00 Bildo Verde I mean, essentially, they are building, like, a giant tech stack, to be able to utilize, AI infrastructure to just about anybody. They have some giant partners. They partnered with NVIDIA, Tencent, Ready Player One…
- 0:28:54 Bildo Verde Yeah. There's a a lot more. It's... I would say the network has actually been live for maybe a year or maybe just over a year, but it's really, like, ramping up. They have over... I think last time they said over 250…
- 0:30:08 Dave Yeah. That's a good question, actually. Is there, a Bitcoin XRP? I'm literally typing that in as you're talking, Brian. Is there a Bitcoin XRP bridge? I've only I've
Bridges between Bitcoin and XRP: Axelar, xrpl.org and chainspot
- 0:30:32 Dave Okay. You ready? Just to check this out. Great question, Brian. So there is a bridge that connects Bitcoin and XRP. For those of y'all that are familiar with the Axelar protocol. Right? Like, this is a bridging…
- 0:31:11 NatNat And xrpl.org as It's an auto bridging mechanism. And there's also chainspot. That allows you to swap and bridge over your BTC to Ripple and Ripple to BTC.
- 0:31:28 Dave Interesting. This is super... Great questions, Brian. Good stuff. Yeah. I mean, because we're seeing a lot more stuff, like, coming to Bitcoin. Right? Like, for those that follow... Like, for Solana to Bitcoin, right…
Giveaway: 25,000 FPS tokens from the Web3 War game on Zilliqa
- 0:31:28 Dave Interesting. This is super... Great questions, Brian. Good stuff. Yeah. I mean, because we're seeing a lot more stuff, like, coming to Bitcoin. Right? Like, for those that follow... Like, for Solana to Bitcoin, right…
Arbitrum partners with Circle so users can pay gas in USDC on Orbit chains
- 0:34:20 Dave let's fucking go. Alright, baby. Let's go. Alright. Here's your next story, guys. And then as you guys are kinda debating this, if cool and that, you take the lead on this story and maybe the next one. But the next two…
- 0:36:36 Dave Okay. So I I just wanna address something real quick. I mean, I shouldn't even give this the time of fucking day to be perfectly honest, but it is what it is.
- 0:37:04 Dave Brian's like, I'm here for the drama. I'm not even gonna give him the satisfaction.
Ripple and the Dubai International Financial Center, plus the new Grayscale trusts for Sui and Bittensor
- 0:40:11 Dave So check this out too real quick while I finish up putting this to the top. I just saw... I just read a story that said Ripple is partnering with the Dubai International Financial Center. Right? It's this innovation…
- 0:41:47 Kool Yes. So so so we... So we... So so we... It's a it's a layer one blockchain that's built on the on the Movement Labs... On on the Move language. So I think they they they have... They boast a ridiculous speed. I mean…
- 0:45:49 NatNat Yeah. I second everything Cool said, and it reminds me also of Stacks. Remember Grayscale and Stacks, they have a fund together. Right? And I think that's huge for stats. And I like Sully. I'm not currently invested in…
X payments rumors, Elon Musk, and X as a town square for real-time news
- 0:49:14 NatNat I think that's actually pretty good for crypto using crypto as a payment system. I think that's huge for crypto. However, I don't know how he's going to implement it. So I feel like that would be key, how he's going to…
- 0:53:24 Dave This isn't YouTube taking down videos. Right? Like, this isn't Google censoring fucking Donald Trump search results. Right? Like... And then issuing apologies later. That's not how this shit works. Right? I I don't…
- 0:56:30 Kool Now now now you look... Look look at how much value you provide. You you work in you work in finance. You have all the... All these years of experience. Are you able to give people advice for free real time? Do you…
NatNat on the stock market reversal, Japan and bond yields, and dark pools explained
- 1:03:53 NatNat Yeah. So remember how yesterday and the day before, I was telling telling you guys that the stock market was giving off all kinds of red flags, and it was showing a lot of similarities with 2007, 2008 even when the the…
- 1:08:16 Dave Super interesting stuff. So, Nat, I I would like for you to clarify something for everybody here because they have a name, and the name is pretty self explanatory when we say dark pools. Right? Like, they call it dark…
- 1:10:57 NatNat Exactly. And this is why going back to y x and what Elon is doing is so important because previously, I remember when I first started, in the stock market, nobody knew until the... About Dark Pool until weeks after…
Kamala Harris's VP pick and what the election could mean for crypto
- 1:13:09 Dave Yeah. You got it, Prince, man. Anytime. You're welcome on stage, bro. Please come on back. Thank you. Thank you. For sure. Okay. Last topic. And we haven't we haven't discussed this since the news broke, but I feel…
- 1:18:24 Kool And then are you saying Trump is Jesus? Is that what you're saying? Or am I getting it wrong, man? I'm getting confused.
- 1:23:24 Kool No. No. No. You you can end it, man. It's been it's been a long on a long long one. I know you're busy. I know you're busy. You you... You're doing hard work, man. It's all good. We're here for you, man. It's all good…
Short excerpts from the auto-generated transcript. Listen on X for the full show.