Episode 382

📍 XRP is a digital asset designed for fast, low-cost global payments, serving as the native cryptocurrency of the XRP Ledger, a decentralized, open-source blockchain. 📍 Wintermute CEO Evgeny Gaevoy predicts AI will play a growing role in trading and market making, but notes that human traders will still be necessary due to the unpredictable nature of the crypto market. 📍 Tether reports a $13 billion profit for 2024, with rising Bitcoin and gold prices contributing to the company's success, and its stablecoin issuer arms disclosing $143.7 billion of assets in reserve. 📍 Bitcoin's price may drop to $100,000 next week due to negative U.S. inflation and jobs data, according to analysis from Japanese exchange BitBank, but the medium- and long-term picture for Bitcoin and Ethereum remains positive. 📍 The SEC's approval of Bitwise's BTC-ETH exchange-traded fund and the removal of the restrictive SAB 121 accounting rule are seen as positive factors for the cryptocurrency market, with analysts predicting meaningful growth in the U.S. and broader market.
Episode 382

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