Speaker 1: Hey there, it's Alex Monday, August third. If you've been
Speaker 1: staring at your hardware wallet wondering if it's actually safe, Yeah,
Speaker 1: that instinct isn't crazy. Today we're going to walk through
Speaker 1: exactly why that self custody scare is happening and what
Speaker 1: the big players are building while the rest of the
Speaker 1: market takes a breather. Well, look at how Ripple is
Speaker 1: trying to make tokenized funds work for everyday investors, which
Speaker 1: means skipping the usual banking red tape, and why it
Speaker 1: matters for your portfolio. But first, a quick word from
Speaker 1: our sponsor. Okay, so here's what's happening. The cold card
Speaker 1: wallet exploit just hit day five, Bitcoin slip past sixty
Speaker 1: two thousand dollars and roughly one hundred and fourteen million
Speaker 1: dollars has been pulled out. That's shaking up self custody
Speaker 1: trust right now. Here's where things stand right now. Bitcoin
Speaker 1: is hovering around sixty two thousand dollars, Ethereum is holding
Speaker 1: steady near eighteen hundred, and Solana is sitting at about
Speaker 1: seventy two. The total crypto market cap is roughly two
Speaker 1: point one five trillion dollars, with Bitcoin making up about
Speaker 1: fifty eight percent of that pie. DeFi total value locked
Speaker 1: is around seventy four billion, and stable coin supply is
Speaker 1: sitting near three hundred six billion. Meanwhile, the Fear and
Speaker 1: Greed index is at twenty eight, still firmly in fear territory,
Speaker 1: which tells us traders are playing it pretty safe. Let's
Speaker 1: peak at what prediction markets are telling us. First question,
Speaker 1: will bitcoin stay above sixty four thousand dollars on August fourth? Right,
Speaker 1: the odds are pretty low around ten percent, but if
Speaker 1: it climbs back above that line, everything flips. Second, will
Speaker 1: it hold above sixty two thousand dollars? The market is
Speaker 1: actually more confident here, pricing it in at around seventy percent.
Speaker 1: Why does this matter because if the price holds that
Speaker 1: lower line when the vote resolves, it signals buyers are
Speaker 1: stepping in. Just remember this is educational context, not a
Speaker 1: betting hip. First up, Ripple is investing in Zelo and
Speaker 1: Likudo to push forward tokenized capital markets. Think of it
Speaker 1: like a bank renting a blockchain instead of building one
Speaker 1: from scratch. The goal here is to let tokenized funds
Speaker 1: act as collateral right from the start, which means skipping
Speaker 1: the usual wall between traditional finance and on chain rails.
Speaker 1: The takeaway is simple. If this goes live on the
Speaker 1: XRP ledger within thirty days, Ripple's whole strategy gets a
Speaker 1: major boost. If it stalls well, it might just be
Speaker 1: another PowerPoint pivot. Next, American Bitcoin, the company linked to
Speaker 1: Donald Trump, mind a record nine hundred and thirty two
Speaker 1: bitcoin in the second quarter while narrowing its losses. Pulling
Speaker 1: that much out of the ground while the market dips
Speaker 1: is kind of like finding oil during your recession. Mining
Speaker 1: revenue actually went up eight percent even as bitcoin slid,
Speaker 1: showing that bigger operations can weather the storm better, but
Speaker 1: a smaller loss is loss. Watch this closely. If bitcoin
Speaker 1: stays below sixty five thousand through August, we'll see if
Speaker 1: that mining revenue was a fluke. If it reclaims seventy thousand,
Speaker 1: these miners could really print over In Asia. Bitgt is
Speaker 1: walking away from Japan by December thirty first, stopping trades
Speaker 1: for local residents right now, another offshore exchange folding to
Speaker 1: local rules. Japan's licensing is tight. It acts like a
Speaker 1: bouncer at an exclusive club, and if you aren't on
Speaker 1: the list you're out. This pushes users toward compliant local venues.
Speaker 1: The watch item here. If Japan titans rules further by November, first,
Speaker 1: expect more exits. If they ease up, bitgit might come back.
Speaker 1: Traders are saying bitcoin slide from sixty five thousand dollars
Speaker 1: is mostly thin volume, not panic selling. The market didn't crash,
Speaker 1: It just stops showing up, like a party where everyone
Speaker 1: left quietly instead of flipping tables. Thin boat hooks mean
Speaker 1: a small order can move the price, but it can
Speaker 1: also snap back fast. If Bitcoin reclaims sixty five thousand
Speaker 1: on rising volume in the next couple of days, the
Speaker 1: dip was probably just noise. If it breaks sixty thousand
Speaker 1: on heavy selling, though, that thin volume turned into a vacuum. Finally,
Speaker 1: South Korea's Bitham Exchange is targeting a twenty twenty eight
Speaker 1: IPO after a major internal cleanup. An exchange going public
Speaker 1: is the crypto version of a food truck getting a
Speaker 1: Wall Street listing. It signals maturity, but it also means
Speaker 1: opening the books to public scrutiny. Korean retail investors still
Speaker 1: move markets, so this is worth watching. If the restructuring
Speaker 1: wraps up, by twenty twenty seven and they file for
Speaker 1: the IPO. The race heats up if markets sour, that
Speaker 1: twenty twenty eight target could slip. All right, before we
Speaker 1: get into the risks, quick word from our sponsor. Okay,
Speaker 1: we're back. Let's talk about what to watch for. Let's
Speaker 1: wrap up with the risk map. First, sentiment is stuck
Speaker 1: in fear, with the index at twenty eight and the
Speaker 1: cold card drain pushing holders to send coins to exchanges.
Speaker 1: People are playing it cautious rather than panicking. Second, regulatory
Speaker 1: exits are accelerating. Bitget leaving Japan shows Asian compliances tightening,
Speaker 1: which squeezes offshore venues that don't follow the rules. Third,
Speaker 1: the big picture, buyers are holding back because centiment is
Speaker 1: weak and stable coin supply shrank last week. That flips
Speaker 1: if Bitcoin holds above sixty two thousand dollars and prediction
Speaker 1: market odds climb past seventy percent. Basically watch those two
Speaker 1: levels to see if caution turns into confidence. Looking ahead
Speaker 1: to the next week, keep an eye on three things. First,
Speaker 1: Federal Reserve macro signals are rolling out. Any press updates
Speaker 1: could shift how risky traders feel about crypto, especially since
Speaker 1: interest rates are still uncertain. Second, the Bitcoin bear bottom
Speaker 1: watch runs through August. Researchers note a possible bottom this month,
Speaker 1: but rising yields coot force the FED to hike rates,
Speaker 1: a key line to watch. Third, the cold card exploit
Speaker 1: fallout continues with over one hundred million drained. Watch for
Speaker 1: more coins moving to exchanges and any new self custody
Speaker 1: policy responses. The main risk remains that cautious sentiment, and
Speaker 1: the top thing to track is whether Bitcoin holds above
Speaker 1: sixty two thousand dollars into the August fourth resolution, while
Speaker 1: stable coin supply stops shrinking. If you're not subscribed to
Speaker 1: the podcast yet, hit that subscribe button. It takes two seconds.
Speaker 1: This is educational content, not investment advice. Always do your
Speaker 1: own research. I'm Alex. See you next time.