WEBVTT 1 00:00:06.759 --> 00:00:12.160 Welcome to the Thinking Crypto podcast. You're home for cryptocurrency news and interviews. 2 00:00:12.359 --> 00:00:15.119 If you are new here, please hit that subscribe button as well as the 3 00:00:15.199 --> 00:00:18.399 thumbs up button and leave a comment below. If you're listening on a podcast 4 00:00:18.480 --> 00:00:22.600 platform such as Spotify or Apple, please leave a five star rating and review. 5 00:00:22.679 --> 00:00:25.879 It supports the podcast and it doesn't cost you anything. Well, folks. 6 00:00:25.879 --> 00:00:29.839 Bitcoin continues to pump. It's over fifty two thousand dollars. It is 7 00:00:30.000 --> 00:00:34.479 up near seventeen percent from a seven day perspective, over five percent from a 8 00:00:34.479 --> 00:00:39.240 twenty four hour perspective. Ethereum and All it's also looking very strong. Etheroreum 9 00:00:39.520 --> 00:00:43.520 cross twenty eight hundred bucks today. It's currently at two seven hundred and eighty 10 00:00:43.560 --> 00:00:47.920 eight dollars, Solana at one hundred and seventeen dollars. We're seeing some green 11 00:00:48.000 --> 00:00:52.679 here, folks, But as I've been stating, I'm cautiously optimistic. It's 12 00:00:52.679 --> 00:00:56.679 not that I'm not happy to see prices going up. I am happy. 13 00:00:56.719 --> 00:01:00.000 Anytime the price is going up, I'm happy. But I've been here from 14 00:01:00.039 --> 00:01:03.319 multiple bull market and bear market cycles, and based on the timing of where 15 00:01:03.359 --> 00:01:07.840 we are in the market, I believe this rally is not going to new 16 00:01:08.000 --> 00:01:11.439 highs as some would say. I think it's going to pull back. Now. 17 00:01:12.079 --> 00:01:15.959 I will happily be wrong, because I'm here to make money, folks, 18 00:01:17.400 --> 00:01:21.319 So I'm forming my thesis based on my experience, based on what the 19 00:01:21.400 --> 00:01:25.200 charts are saying. So why is Bitcoin's price going up? I think it's 20 00:01:25.200 --> 00:01:27.200 a bit of a short squeeze. We have the buyer rumors, sell the 21 00:01:27.239 --> 00:01:33.560 news event for the bitcoin's body TFS, and like many folks were stating, 22 00:01:33.599 --> 00:01:36.959 you know, we could see a sell off, and then people starting opening 23 00:01:37.040 --> 00:01:41.519 up shorts. And then bitcoin had gotten rejected from a certain price point, 24 00:01:41.680 --> 00:01:45.920 but then it broke through it after the rejection, so shorts were opened up. 25 00:01:45.920 --> 00:01:48.200 And I think we're seeing a bit of a short squeeze here, a 26 00:01:48.200 --> 00:01:53.000 lot of liquidations of shorts over the past twenty four hours. Now I've stated 27 00:01:53.000 --> 00:01:56.480 to you guys, I'm not shorting. I am a hoddler. I am 28 00:01:56.519 --> 00:02:00.239 buying the dips and holding, and I do some swing trading, but I 29 00:02:00.280 --> 00:02:05.000 don't do any leverage trading or shorting or things like that. So the people 30 00:02:05.000 --> 00:02:08.879 who are trying to short, they're getting wrecked right while, like you, 31 00:02:09.199 --> 00:02:14.439 I'm holding for new highs to take profits. But you know, what will 32 00:02:14.439 --> 00:02:17.159 Big One do? Could it go to sixty k? It's possible, right, 33 00:02:17.800 --> 00:02:23.360 But I'm still cautiously optimistic waiting to see what happens. I am at 34 00:02:23.479 --> 00:02:25.919 of the mindset right now. Let this rally play out and we'll go from 35 00:02:25.960 --> 00:02:30.479 there. But nevertheless, guys, I'm bullish long term. I'm bullish from 36 00:02:30.520 --> 00:02:35.000 a macro perspective. Not something that could drive sell pressure is. We got 37 00:02:35.039 --> 00:02:39.199 news here that Genesis gets port approval to offload one point six billion dollars of 38 00:02:39.240 --> 00:02:44.759 gray Scale shares. We know Greyscale has been selling, however, that selling 39 00:02:44.800 --> 00:02:49.639 has ramped down significantly, but the lawyer for Genesis put the value of the 40 00:02:49.719 --> 00:02:55.520 Grayscale shares around one point six billion dollars and this was approved granted today by 41 00:02:55.520 --> 00:03:00.680 the judge, so that selling could start soon or maybe later this year. 42 00:03:00.840 --> 00:03:04.039 I'm just letting you know the facts and the news that are being reported, 43 00:03:04.319 --> 00:03:07.000 so we'll see what happens. And look, if you're a long term holder, 44 00:03:07.879 --> 00:03:12.840 no problem. These things don't matter, right. But what I am 45 00:03:12.919 --> 00:03:15.599 looking for and why I am paying attention to this, I just don't want 46 00:03:15.639 --> 00:03:20.599 people to buy into these pumps and then get wrecked. That's number one. 47 00:03:20.879 --> 00:03:25.319 Second, when Bitcoin moves up right, the liquidity will flow from Bitcoin down 48 00:03:25.360 --> 00:03:29.439 to the all coins and we're going to see a mini all season. I'm 49 00:03:29.439 --> 00:03:34.280 waiting for XRP to pop off and other tokens ethereum as well. So that's 50 00:03:34.319 --> 00:03:36.960 what I'm looking at. I'm looking to take some profits on some of these 51 00:03:37.000 --> 00:03:40.360 alts. I'm not selling my entire bag. I'm just selling some and I 52 00:03:40.400 --> 00:03:44.919 will buy the dips as we continue to run up and sell at the blow 53 00:03:44.919 --> 00:03:47.599 off top. That is my strategy. You know, obviously do your own 54 00:03:47.639 --> 00:03:53.560 research and formulate your own strategy and what works best for you financially. Now 55 00:03:53.599 --> 00:03:58.120 let's jump into the news. Scumbag regulator Gary Genser today went on CNBC. 56 00:03:58.360 --> 00:04:04.199 This was very surprising. Hasn't done any media appearances since the Grayscale defeat, 57 00:04:04.479 --> 00:04:09.080 since him and the SEC have lost, and even when the judge in the 58 00:04:09.120 --> 00:04:13.159 debt box situation threatened to sanction the lawyers, he's been quiet. Right, 59 00:04:13.240 --> 00:04:15.199 There's been tweets, but he's been quiet. And of course there was the 60 00:04:15.279 --> 00:04:20.560 whole mess and debacle that took place with the big QUINNYTF launch. So he's 61 00:04:20.720 --> 00:04:26.480 either coming on here to save some face after all these things had happened, 62 00:04:26.680 --> 00:04:30.759 or he's taking his order from Elizabeth Warren to go on here and speak negatively. 63 00:04:30.800 --> 00:04:35.079 And of course he did speak negatively about Crypto. He's here's some quotes, 64 00:04:35.079 --> 00:04:38.680 and I'm sure many of you saw the clips. This is a feel 65 00:04:38.800 --> 00:04:43.360 that's been rife with fraud and manipulation. Look at all the bankruptcies. He 66 00:04:43.399 --> 00:04:46.399 says, it's not just one entity, it's entity after entity lighting up in 67 00:04:46.480 --> 00:04:53.120 bankruptcy court. But of course the hosts, Andrew Sorkin and Becky Quick and 68 00:04:53.240 --> 00:04:59.360 even Joe Kernin did not do their journalistic job here. Joe did push back 69 00:04:59.399 --> 00:05:03.279 on Gary a lot, But why didn't they bring up that Gary Ginster was 70 00:05:03.360 --> 00:05:10.680 meeting with Sam Bechmerfried and FTX and he did not stop FTX. He did 71 00:05:10.720 --> 00:05:15.319 not do his job and investigate what was happening. Remember that Patrick McHenry threatened 72 00:05:15.319 --> 00:05:19.959 to sanction Gary Ginser because he would not hand over the FTX documents. You 73 00:05:20.000 --> 00:05:25.160 want to know why he hasn't handed those things over Because of all the meetings 74 00:05:25.199 --> 00:05:28.759 and all the backroom deals that were about to take place with FTX, who 75 00:05:28.800 --> 00:05:32.720 were going to get the special broker dealer license which Permethium got. But of 76 00:05:32.759 --> 00:05:36.360 course these hosts are not going to do their job and bring these things up. 77 00:05:36.560 --> 00:05:41.759 They're not going to bring up that these collapses and bankruptcies happened under Gary's 78 00:05:41.800 --> 00:05:46.959 watch. Gary did not investigate Celsius. Right now, he's attacking the crypto 79 00:05:46.079 --> 00:05:49.439 industry, he's attacking good actors, and of course he's losing in court, 80 00:05:49.600 --> 00:05:56.240 But why was he not investigating the bad actors during the those period in time 81 00:05:56.360 --> 00:06:00.839 when they were operating. He did not do his jobs. It's amazing that 82 00:06:01.000 --> 00:06:04.240 these journalists would just let this man go on here and say these things. 83 00:06:04.240 --> 00:06:08.519 But once again, Joe Kernin did do a good job in pushing back on 84 00:06:08.639 --> 00:06:12.199 some of the lies that Gary Ginster was trying to put out there. But 85 00:06:12.519 --> 00:06:16.439 it was surprising that he showed up here on CNBC and folks speaking in the 86 00:06:16.480 --> 00:06:21.399 SEC, Debt Box challenges the SEC's attempt to dismiss the crypto case. So, 87 00:06:21.439 --> 00:06:25.519 as you know, and I just mentioned, the judge threatened to sanction 88 00:06:25.639 --> 00:06:30.160 the SEC lawyers for lying to the court, and Debt Box is rightfully saying, 89 00:06:30.240 --> 00:06:31.360 hey, we're not going to let you get away with this, right 90 00:06:31.399 --> 00:06:35.199 And I hope this judge does sanction the SEC. Folks, this would be 91 00:06:35.439 --> 00:06:41.439 another black mark on Gary Ginser. So debt Box is asking a federal judge 92 00:06:41.480 --> 00:06:46.040 to deny the SEC's recent motion to dismiss its case against the cryptocurrency project. 93 00:06:46.040 --> 00:06:51.079 The company argued that the federal agency is attempting to cover up gross misconduct. 94 00:06:51.160 --> 00:06:58.199 The SEC last month, in response to sanctions threats after alleged violations, asked 95 00:06:58.199 --> 00:07:00.800 the court to dismiss the case without judice. If granted, that would leave 96 00:07:00.839 --> 00:07:05.560 the door open for the agency to refile charges against the defendants down the line. 97 00:07:05.920 --> 00:07:12.040 After suing Digital Licensing, Inc. Which operates under the name debt Box, 98 00:07:12.120 --> 00:07:16.920 in August twenty twenty three, SEC attorneys were granted temporary restrainting order against 99 00:07:16.920 --> 00:07:23.720 defendants after making what Judge Robert Shallby later described as misleading statements to the court 100 00:07:23.800 --> 00:07:28.879 when threatened with sanctions by the court. The SEC conceded that its attorneys should 101 00:07:28.879 --> 00:07:33.040 have been more forthcoming with the court, but maintained that sanctions are not appropriate 102 00:07:33.279 --> 00:07:39.079 or necessary to address these issues or those issues. The agencies suggested. The 103 00:07:39.120 --> 00:07:44.319 only reprimand from the court to grant its motion to dismiss without prejudice. The 104 00:07:44.560 --> 00:07:48.600 SEC wants to exit this action under its own terms, while retaining the option 105 00:07:48.720 --> 00:07:55.279 to refile other enforcement action against the Debt Box defendants and other defendants at some 106 00:07:55.519 --> 00:07:59.720 undetermined time in the future, and perhaps in a different form, as if 107 00:07:59.759 --> 00:08:03.120 nothing thing happened in this case. That Box attorneys wrote in their opposition motion 108 00:08:03.240 --> 00:08:09.120 file Wednesday. So the SEC clearly not abiding by the laws. Their hypprigates 109 00:08:09.160 --> 00:08:13.079 the liars. That's why Judge Sarah Netburn the Ripple case said the SEC lacked 110 00:08:13.160 --> 00:08:16.680 faithful allegiance to the law. Folks, I'm not making these statements up. 111 00:08:16.720 --> 00:08:22.920 These are statements coming from the judges in the judicial branch the courts. Right. 112 00:08:22.120 --> 00:08:26.800 They called the SEC arbitrary and capricious for how they handled the great scale 113 00:08:26.839 --> 00:08:31.919 Biquin's body TF situation. It's unbelievable. But of course, like I said, 114 00:08:31.960 --> 00:08:37.440 folks, Gary was on TV today, no pushback, no challenges, 115 00:08:37.519 --> 00:08:41.240 no bringing up of these facts, and it's pathetic. But this is why 116 00:08:41.320 --> 00:08:46.799 we got to use social media, use YouTube, use Twitter x and whatever 117 00:08:46.039 --> 00:08:50.440 else to create content and get the news out there, because these people are 118 00:08:50.480 --> 00:08:52.799 just gonna kiss Gary's butt. But the great thing, folks, is that 119 00:08:52.840 --> 00:08:58.320 the courts are handing Gary losses. They're keeping him in check, and that's 120 00:08:58.360 --> 00:09:01.639 the great thing, the checks and balances of the government. Now, Gary 121 00:09:01.639 --> 00:09:05.879 Ganser, as we know, is a puppet on strings, controlled by Elizabeth 122 00:09:05.919 --> 00:09:09.600 Warren, who's of course controlled by the trad five banking incumbents. And what's 123 00:09:09.720 --> 00:09:15.600 fascinating is Attorney John Deeton, who of course has been fighting for XRP users 124 00:09:15.639 --> 00:09:18.600 for years. Without him, I don't think Ripple would have gotten the partial 125 00:09:18.679 --> 00:09:24.039 victory. And something interesting is brewing here. Looks like he's gonna run against 126 00:09:24.279 --> 00:09:31.399 Elizabeth Warren. Wow Eleanor Turrett highlighted the following from an article. John Deeton, 127 00:09:31.960 --> 00:09:37.399 a Swansea attorney who has been a prominent advocate for cryptocurrency, is seriously 128 00:09:37.440 --> 00:09:43.039 considering running as a Republican in this year's unit US Senate race against Democrat Elizabeth 129 00:09:43.080 --> 00:09:48.960 Warren, according to two GOP insiders with direct knowledge of his plans, that's 130 00:09:48.039 --> 00:09:52.159 great. I love it, and you know, we got to support John 131 00:09:52.279 --> 00:09:56.399 as he does this. Folks will have to come together. He's pro crypto 132 00:09:56.559 --> 00:10:01.480 and he knows that Elizabeth Warren is corrupted a so we got to get her 133 00:10:01.519 --> 00:10:05.679 out of office now. Congressman Tom Emmer today did something really great. There 134 00:10:05.759 --> 00:10:11.240 was a hearing and he called out the Wall Street Journal fake numbers. If 135 00:10:11.240 --> 00:10:15.759 you all recall about you know, Hamas using digital assets for fundraising, and 136 00:10:15.840 --> 00:10:20.200 you know bad actors using digital assets, we need the numbers very small. 137 00:10:20.840 --> 00:10:24.360 We know that primarily they use cash because it's not very traceable. Look, 138 00:10:24.360 --> 00:10:28.960 a lot of crimes throughout history has been your cash has been used. That 139 00:10:28.960 --> 00:10:33.600 doesn't mean cash inherently is bad. It's just there's bad actors in society, 140 00:10:33.679 --> 00:10:37.559 right, that's just life. But we know Elizabeth Warren, Gary Genser, 141 00:10:37.600 --> 00:10:41.720 and so we're want to paint crypto in a bad light, and they're trying 142 00:10:41.720 --> 00:10:45.360 to make it look as though Hamas is only using crypto and all these people 143 00:10:45.399 --> 00:10:50.360 are only using crypto when it's absolutely false. So Tom ember tweeted at a 144 00:10:50.440 --> 00:10:54.159 video and he also stated the following Today I asked Treasuries Head of Fins and 145 00:10:54.240 --> 00:11:01.080 and O Fact about the Wall Street Journals reporting on Hamas digital asset unraising campaign. 146 00:11:01.559 --> 00:11:05.960 Under Secretary Nelson confirmed on the record that the Wall Street Journal's numbers are 147 00:11:07.080 --> 00:11:13.039 inaccurate and that crypto was not a popular tool for Hamas terrorist What now, 148 00:11:13.080 --> 00:11:16.399 Elizabeth Warren. Do you think Elizabeth Warren is going to retract anything. Do 149 00:11:16.440 --> 00:11:18.840 you think the Wall Street Journal is going to retract anything? Nope, because 150 00:11:18.960 --> 00:11:24.519 they are liars, They have an agenda, they have a campaign. But 151 00:11:24.639 --> 00:11:28.960 this is this is why we have pro crypto folks who are pushing for the 152 00:11:28.039 --> 00:11:33.320 facts. This is why we have to retweet and share this data to disarm 153 00:11:33.720 --> 00:11:37.399 the clowns that are Elizabeth Warren and Gary Genser. He says senators are writing 154 00:11:37.519 --> 00:11:43.240 legislation based on the Wall Street Journal's inaccurate reporting. Since Treasury has accurate data, 155 00:11:43.320 --> 00:11:48.159 it has an obligation to correct the record on the size of Hamas's digital 156 00:11:48.240 --> 00:11:54.919 asset fundraising efforts. So this will completely disarm Elizabeth Warren on this issue. 157 00:11:54.080 --> 00:11:58.440 But this is why we got to fight. See if we just let these 158 00:11:58.480 --> 00:12:01.840 things go and she keeps going, it's going to cause problems. Right, 159 00:12:01.840 --> 00:12:05.639 and we have different crypto bills in the House. We have members of the 160 00:12:05.679 --> 00:12:09.759 Senate and Congress who are not fully educated on crypto. They will listen to 161 00:12:09.799 --> 00:12:15.679 Elizabeth Warren unfortunately, So we have to drum up as much noise and share 162 00:12:15.720 --> 00:12:18.679 the fact. So shout out to Tom Member for doing this and it's on 163 00:12:18.799 --> 00:12:26.000 record and the Treasury hopefully they released the information, but we got someone from 164 00:12:26.000 --> 00:12:28.600 the Targy saying, yeah, that's not true. So this is really great, 165 00:12:28.799 --> 00:12:33.399 all right, folks. Big news coming out from Citybank. I've talked 166 00:12:33.440 --> 00:12:37.639 for years that bank, stock exchanges, and the biggest investment firms in the 167 00:12:37.679 --> 00:12:41.120 world will all be involved in crypto. They will offer crypto trading custody and 168 00:12:41.240 --> 00:12:46.440 will build with the technology. City Bank tests tokenization of private equity funds on 169 00:12:46.600 --> 00:12:52.639 Avalanche, the Avalanche blockchain with the native token of avas now. Earlier today 170 00:12:52.720 --> 00:12:56.600 I published my interview with John Wu of Ava Labs, which is the foundation 171 00:12:56.679 --> 00:13:01.000 that works on the Avalanche blockchain. Folks. We talk about JP Morgan using 172 00:13:01.039 --> 00:13:05.159 Avalanche for tokenization, and of course the news broke today of Citybank doing the 173 00:13:05.159 --> 00:13:07.639 same. Is a great blockchain. You're looking to scale to one hundred thousand 174 00:13:07.720 --> 00:13:13.120 transactions per second. Their partner with Amazon Web Services. They're doing big things, 175 00:13:13.159 --> 00:13:16.000 folks, so I highly recommend you check them out. I am a 176 00:13:16.000 --> 00:13:20.519 AVAX token holder in full transparency, not financial advice. Do your own research, 177 00:13:20.879 --> 00:13:26.080 but they're getting clear real world adoption people tokenizing building on these blockchains. 178 00:13:26.080 --> 00:13:30.600 And I've often talked about, look at the blockchains that are getting real world 179 00:13:30.639 --> 00:13:35.919 adoption, have real use cases solving real world problems. This is a big 180 00:13:35.200 --> 00:13:41.360 endorsement of Avalanche and let me give you some details here what Citybank is doing 181 00:13:41.919 --> 00:13:46.759 so. Citybank used Layer one blockchain Avalanches Spruce subnet to explore the tokenization of 182 00:13:46.799 --> 00:13:52.480 private equity funds to re architect capital markets. City worked with traditional finance giants 183 00:13:52.600 --> 00:13:58.519 Wisdom Tree and Wellington Management to carry out its proof of concept trial that was 184 00:13:58.600 --> 00:14:03.200 issued on Avalanches Spruce. According to a press release, Spruce is an evergreen 185 00:14:03.320 --> 00:14:09.399 subnet designed for large financial institutions looking to use public blockchain infrastructure. So, 186 00:14:09.480 --> 00:14:11.679 folks, same thing that GP Morgan is doing. So once again, if 187 00:14:11.679 --> 00:14:16.440 you want to learn more about this, check out my interview with John Wu 188 00:14:16.559 --> 00:14:20.879 from earlier today. City joining the subnet is the latest bet from a Wall 189 00:14:20.879 --> 00:14:24.799 Street giant looking to dive further into the use cases of blockchain adoption. Trade. 190 00:14:24.879 --> 00:14:28.639 Five firms such as t row Price, Wisdom Tree, Wellington Management, 191 00:14:28.679 --> 00:14:35.039 and Cumberland joined the subnet in April last year to make trade execution and settlements 192 00:14:35.120 --> 00:14:39.440 more efficient. Here's a quote. The growing use of Avalanche by leading financial 193 00:14:39.480 --> 00:14:45.679 services firms like City Wellington, Wisdom Tree and DTCC Digital Assets continues to cement 194 00:14:45.840 --> 00:14:50.399 Avalanche as an institutional blockchain leader, said Morgan Krapetski from Saying that right, 195 00:14:50.480 --> 00:14:56.679 Senior director of Business Development, Institutions and Capital Markets that Ava lapse in a 196 00:14:56.720 --> 00:15:03.159 conversation with coindus folks, this is huge. The biggest banks and firms in 197 00:15:03.200 --> 00:15:09.000 the world are building with blockchains and you get to participate. Don't miss how 198 00:15:09.039 --> 00:15:13.399 insanely crazy that is. And not only that you front ran them. You 199 00:15:13.559 --> 00:15:18.360 can be a holder of the native token of Avalanche, which is AVAX. 200 00:15:18.440 --> 00:15:22.200 I'm not telling you to invest in I'm just giving an example, and you 201 00:15:22.279 --> 00:15:26.720 can benefit in the network growing with banks building on it and whatever else is 202 00:15:26.759 --> 00:15:31.480 happening on that blockchain, right metcaps Law. The more participants on the network, 203 00:15:31.519 --> 00:15:35.879 the stronger it becomes, the more valuable it becomes, and of course 204 00:15:35.960 --> 00:15:39.519 that value trickles down to the native token, which is needed for the blockchain 205 00:15:39.600 --> 00:15:45.000 to function. And there's never been anything like this in the history of the 206 00:15:45.000 --> 00:15:48.559 world. It's amazing. I hope you guys catch what is taking place right 207 00:15:48.639 --> 00:15:54.519 before your eyes. The token that you're holding for a said blockchain. Major 208 00:15:54.559 --> 00:15:58.919 institutions are building on it. It's amazing what's taking place. All right, 209 00:16:00.080 --> 00:16:03.879 let's move ahead. Matt Hogan of bit Wise sure today that their ETF has 210 00:16:03.960 --> 00:16:10.399 crossed one billion dollars and you also highlighted bitcoin cost a trillion dollars again today. 211 00:16:11.480 --> 00:16:14.480 Really great news for Matt. I've had him on the podcast many times. 212 00:16:14.639 --> 00:16:17.279 I'm a big fan of Bitwise and all the great things they're doing. 213 00:16:17.919 --> 00:16:22.480 They were the first to provide their wallet addresses where they show their bitcoin holdings 214 00:16:22.480 --> 00:16:26.960 and the ETF, which I think should be the standard for every ETF issuer, 215 00:16:26.039 --> 00:16:30.559 and I hope the other issues follow through. And they made an announcement 216 00:16:30.559 --> 00:16:34.960 today they said today the bit Wise Bitcoin ETFs bitcoin addresses at coin based custody. 217 00:16:34.960 --> 00:16:41.480 They qualified custodian of bitb's that's the ticker. Holdings have been upgraded from 218 00:16:41.679 --> 00:16:47.840 p to PKH to native segue P two w PKH. Let's try to say 219 00:16:47.840 --> 00:16:52.000 that ten times fast. But guys, I love it. This is great. 220 00:16:52.080 --> 00:16:56.639 I love the transparency and once again I think we should all email or 221 00:16:56.720 --> 00:17:00.320 call up all these other issues issuers right like Fidelium, Blackrock show the wallet 222 00:17:00.320 --> 00:17:07.079 addresses. So we can verify it. This is why blockchains and crypto exists 223 00:17:07.119 --> 00:17:10.799 for this transparency. And if you hold the funds, you said you hold 224 00:17:11.000 --> 00:17:12.680 them, what's the problem, right, Just show what's in the wallet address, 225 00:17:12.720 --> 00:17:17.480 then no problem with that. Now. Update here from Brett Harrison, 226 00:17:17.519 --> 00:17:19.440 who I've had on the podcast. He was actually at FTX, but he 227 00:17:19.519 --> 00:17:22.720 left long before you know, all the madness took place. I think he 228 00:17:22.839 --> 00:17:27.640 sniffed out that things were not going right at FTX, so he left early. 229 00:17:29.160 --> 00:17:32.480 He's a great guy, and he's the founder and CEO of Architect, 230 00:17:32.480 --> 00:17:38.240 which does some great financial technology solutions for crypto trading firms and so forth. 231 00:17:38.599 --> 00:17:45.079 He says they've completed a twelve million dollar investment round led by block Tower Capital, 232 00:17:45.599 --> 00:17:51.640 Tioga Capital. It looks like Anthony's Scaramuci's Salt Fun is in here and 233 00:17:52.000 --> 00:17:56.240 Parafy Capital. So they're raising money. And I've often stated now's the time 234 00:17:56.279 --> 00:18:00.680 if you're an innovator or entrepreneur to go capital and build out your project. 235 00:18:00.680 --> 00:18:03.680 Folks, you can get funding, I think pretty easy and build out your 236 00:18:03.680 --> 00:18:07.920 project. So I'm going to try to get Brett on to talk about this 237 00:18:07.079 --> 00:18:11.920 and what they're building. An Architect and how companies in the crypto industry are 238 00:18:11.960 --> 00:18:14.839 going to use it. All right, folks, that's the news. Please 239 00:18:14.880 --> 00:18:18.880 subscribe to my free newsletter. Link will be in a description. Also follow 240 00:18:18.920 --> 00:18:23.000 me on TikTok, Facebook, Instagram, Twitter x LinkedIn. Folks, it 241 00:18:23.079 --> 00:18:26.000 supports the podcast. It doesn't take a dollar out of your pocket. It's 242 00:18:26.039 --> 00:18:30.920 all free stuff. Please support, please follow, please like, please subscribe. 243 00:18:30.960 --> 00:18:33.480 It really really helps. Thank you for watching and listening, and I'll 244 00:18:33.480 --> 00:18:34.720 talk to you all later.