Episode Details

Weekly Roundup 08/09/24 (Japan chaos, Ripple settles for $125m, Customers bank) (EP.551)
8/9/2024
On The Brink with Castle Island β†—

Key Insights

Bullish:

  • 🟒 $BTC - Discussing the positive outlook on Bitcoin with significant investments and market movements.
    • β€œMicroStrategy... filed with the SEC that they're going to issue $2,000,000,000 more of their own equity... to buy more Bitcoin.” - Matt (0:00)
    • β€œWell, Bitcoin is back at 60 k, so maybe everything is peachy.” - Nic (0:00)
    • β€œSo there is a lot of money moving back over the next few months to FTX customers here... You've got 2,000,000,000 of MicroStrategy shares that are, yeah, that's gonna be 2,000,000,000 US dollars to go buy Bitcoin.” - Matt (0:00)
    • β€œSo speaking of wallets tagged, there's also a rumor that a bunch of ether held by PlusToken... were on the move... So if you don't recall, PlusToken was responsible for... this kind of big run up and then collapse that we had in 2019.” - Nic (0:00)
    • β€œSo a court has ordered Ripple to pay a $125,000,000 settlement... the SEC had been demanding a $2,000,000,000 judgment against Ripple. So from that perspective, I think this is a huge win.” - Matt (0:00)