Hey, everybody, Welcome into the Thinking Crypto podcast. You're home for cryptocurrency
news and interviews. I'm your host, Tony Edward. On your way in.
Please hit that subsprib button as well as the thumbs up button and leave
a comment below. If you're listening on a podcast platform such as Spotify or
Apple, please leave a five star rating and review. Folks. Elizabeth Warren's
anti crypto army continues to lose. They're dropping like flies. We saw a
preview of this on Super Tuesday where some candidates who align themselves to Elizabeth Warren
started losing. And the crypto industry has gone on the offensive politically. They've
raised an incredible amount of capital, over one hundred and sixty million dollars,
and they're taking those funds and supporting pro crypto candidates and running ads against anti
crypto candidates. And we know Elizabeth Warren is the leader of the anti crypto
army, but they are going to lose. They are on the wrong side.
History and disruptive technology always wins. Go back and look throughout the history
of civilization. So who lost who in the anti crypto army loss this week?
Jamal Bowman and here Dan Spoller of the Blockchain Association highlighted the following.
He said, Jamal Bawman, one of the most anti crypto members of Congress,
was soundly defeated in New York's Democrat primary and his track record, Jamal's
track record is he voted against the anti CBDC bill, voted against Fit twenty
one, voted against overturning the SAB one two one from the SEC. He's
a top ally of Elizabeth Warren and he's anti bitcoy. This guy has no
self awareness. I mean, even his Democrat colleagues are smarter than him,
because they joined their Republican colleagues to pass Fit twenty one in the House and
to repeal SAB one to one not only in the House but in the Senate.
So this guy is an Elizabeth Warren crony. He's a brown noser for
sure. I mean, just look at his track record, right. Well,
who did he lose to, Well, he lost to congressional candidates George
Latimer. So big win for crypto here, guys, and a big loss
for Elizabeth Warren. Now Fox Business Eleanor Turrata Fox Business did a great write
up where she highlighted this and also highlighted another key victory, which was in
Utah Representative John Curtis secured the Republican nomination for the open seed of outgoing Senator
Mitt Romney. Now, John Curtis is pro crypto. I'll give you an
example. On Bitcoin Pizza Day in back in May of this year, he
tweeted out about the guy who bought pizza with bigcoin, and he says,
while the value has skyrocketed, crypto has become a significant part of our economy,
especially here in Utah where Overstock was one of the first companies to accept
crypto payments. So he gets it. He's pro crypto. Big win guys,
two major wins, and I think this trend will continue. That doesn't
mean every pro candidate is going to win every election, obviously that's not possible,
right. I do think a good amount of them will win. But
it shows that we have momentum, We've got capital, and people are waking
up to this nonsense that Elizabeth Warren is doing and with her gimp on a
leash. Gary Genser here far your shares out of Coinbase tweeted at Representative John
Curtis, saying huge congratulations to pro crypto Senate candidate John Curtis on a big
win last night in the Republican primary in Utah. Folks, we are winning.
And of course, like I said, disruptive technology always wins. And
Elizabeth Warren and her cronies can throw up hurdles and slow us down a bit,
but they can't stop it. The genies out of the bottle, there's
no putting it back in. And like I said, disruptive technology always wins.
Go look throughout history, doesn't matter what it is. It may take
time, but it will win. Now moving ahead, this news was circulating
today the US government has sent nine and forty bitcoin worth two hundred and forty
one million dollars to coinbase, and the questions came up, are they about
to dump this bitcoin or are they moving it to coin based custody. Most
likely they're dumping it, but this is not a significant amount of bitcoin.
It will most likely get sucked up by black Rock micro Strategy and many of
the Wall streeters who are launching ETFs. Here. Scott Melker gave some additional
insights. He says the government has been selling bitcoin in batches since they first
seized it, and they sold around thirteen billion dollars worth, So some of
this is the silk road bitcoin and much more. He says. This potential
sale follows a broader trend of government bitcoin liquidations, including Germany's recent one hundred
and seventy million dollars sale from its two point eight billion dollar reserve of seize
bitcoin. Again, nothing major. They're doing it in batches that they're not
like moving the market significantly, and I would rather they do it now because
it will help us the bottom out and then we're going to continue moving up
in the bullmarket of course, So it is what it is. Now.
Some huge news coming out from Mike novagrats billionaire Mike Nover, who is a
Wall Street guy now in crypto. His firm, Galaxy Digital, has formed
an amazing partnership with State Street. These are two powerhouses here. The announcement
is Galaxy and State Street are collaborating to bring investors the next generation of digital
asset based strategies that will offer exposure to companies involved in the digital asset space,
going beyond cryptocurrencies and bitcoin. Mike tweet it out, We're excited to
be joining forces with State Street to offer investors access to the two point four
trillion dollar digital asset ecosystem through manager directed strategies, expanding investment options beyond pure
spot Bitcoin is where we see the next level of growth for the ecosystem.
Guys. This is why I'm still bullish. We're still relatively early. The
infrastructure is still being set up for these massive institutions. We still don't have
full crypto regulations yet in the United States, so that tells you where we're
at. Once we get that legislation through, guys, you're going to see
more of these type of activities coming in mergers, acquisitions, partnership, global
expansion, and much more. There's a lot of capital on the sidelines that
want to come in. Some of it is starting to come and be the
ETF. So I hope you guys saw what happened when the big one ETF
went live, right the inflows billions of dollars. And just imagine when we
have full clarity and there's no if stands or bots or looking over your shoulder
and worrying about regulators, people are going to pour in a ton of capital
into this ecosystem. And that's why I've been telling you guys, I'm not
only excited for this bull market, but for the twenty twenty eight to twenty
thirty bull market. Right, I told you my strategy taking profits this cycle,
reinvesting some of it, and buying the bear market dips for the next
bull market. So I'm looking from the macro guys. I'm trying to make
as much as possible because eventually you won't be able to make these type of
returns. Right. The asset class will grow, there will be more people
involved in building, and the returns each bull market cycles are going to see
a reduction. And that's normal because more liquidity, more people coming in.
Right, But if you are here early, if you're early to any technology,
just look at what happened at the dot com boom in the nineties.
If you're early to Amazon and Google, right, if you're early to Facebook
and all these things, you did well. Well. Crypto's like stocks on
steroids because nothing moves like it, and if you're early here, you can
make some significant returns. Now, moving ahead, Apparently Cardono ran into some
issues where they were the target of a DDoS attack, but it was a
failed attack, so just heads up here, there's not too much to share.
But there was some fud apparently by coinness and Charles Hoskinson called it out,
but just heads up, this attack was an attempt to steal staked tokens
with no significant impact on the network's operation. Now, Coinbase came out today
and said, hey, we're not going to execute the migration of the Fetch
token and with the merge of Ocean and Singularity. I've been telling you guys
about this merge, it will be the ASI token. I actually had interviewed
some folks in Fetchai about a month ago, and I'm bullish on Fetch and
this is one of the reasons why. But coinbase is saying you're going to
have to manually do this, and they said the timeline. Phase one Ocean
migrates to FET on July first, twenty twenty four. Phase two ASI will
launch and FET will merge into ASI in mid to late July twenty twenty four.
Once the migration has launched, users will be able to migrate their Ocean
and FAT to ASI using a self custodial wallet such as coinbas wallet. The
ASI token merger will be compatible with all major software wallets. So just fyi
on that I need to do some research here to prep for this, because
I have the fat token of course, and see what the next steps are
here for me and I'll let you guys know as well. Now, Coinbase
also highlighted that they have enabled send and received support for USDC on Algoram.
And we see Circle is expanding USDC to multiple blockchains, which super smart.
You have interoperability on all the top blockchains. And today I actually interviewed Jeremy
a Layer of Circle. He's the co founder and CEO. I'll publish that
interview on Monday. You don't want to miss it. We talk about everything,
guys related to stable coins, regulations, tether, you know, his
vision for the future of USDC and stable coin usage and ripples upcoming stable coin.
We talk about a lot of things. To make sure you're subscribe,
You got a notification bell enable you're subscribed to our free newsletter and so forth.
Now heads up. Crypto firm Abra settles with state regulators over not licensing
its mobile app. So Abra, you know, has been going through a
cleanup after they had some issues from the last bear market cycle. The settlement,
which also names its CEO William Barheight so Bill Barrheight, requires Abra to
stop making buying, selling or trading crypto to us ABRA Trade customers and requires
the firm to return eighty two million dollars in virtual assets to customers. A
group of state regulators investing gated abroin found that the firm operated a mobile application
for buying, selling, trading, and investating crypto and didn't get the required
licensing. So looks like this is going to be cleaned up and they're going
to move on with their business. Just heads up on that, guys.
Now. A great place you can buy your crypto is on Uphold. Uphold
is a top exchange I've been using for years, and I've interviewed the CEO.
I can vouch you this platform. You can buy Bigcoe and all the
top all coins. They have two hundred and sixty plus cryptocurrencies. They're available
in over one hundred and fifty countries. They support a lot of fair currencies.
You can also trade precious metals like goldsiver, poladium, and platinum.
So if you'd like to learn more about Uphold, check out the linkin and
description. Also, folks, don't forget to grab a copy of my book
Rethinking Crypto and Amazon link will be in the description. Grab a copy to
support the podcast. Buy a couple copies for your friends and family who want
to learn about crypto, and if you bought a copy already, please leave
a rating and review on Amazon. It would really support me. Guys,
thank you so much for listening and watching, and I'll talk to you all
later. Tak tasks task to talk Tak Talk t