WEBVTT

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Welcome to the Thinking Crypto podcast.
You're home for cryptocurrency news and interviews.

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If you are new here, please
hit that subscribe button as well as the

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platform such as Spotify or Apple,
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It supports the podcast and it doesn't
cost you anything. Well, folks,

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let's start by taking a look at
the price of bitcoin. We are

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still waiting on confirmation that bitcoin is
heading upwards in the micro In the short

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term, From a macro standpoint,
we are any uptrend. We are in

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a bull market. We are anticipating
higher highs. But in the short term,

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we're waiting for a bitcoin to validate
that this is a reversal move to

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continue to hire highs. And if
it is, I'm expecting a price point

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between eighty five to ninety thousand as
the next target. So we'll have to

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be patient and let things play out. But right now, Bitcoin as of

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the time of recording is at seventy
five and forty nine dollars. If we

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look at the d wine the daily
chart, it has some green candles,

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but they look very weak, so
I'm hoping the DXY, the Dollar Currency

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index keeps breaking downwards, and that
will be incredibly bullish for risk assets like

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bitcoin and crypto. So that's what
we're waiting to see, folks. We

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need confirmation and let this play out. As I said in yesterday's podcast,

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my hope is that we enter April
with very bullish momentum as we head to

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the having and bitcoin heads to eighty
five to ninety eighth k between that range,

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maybe higher before it does another pullback. So exciting times ahead. We

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just got to be patient. Now
let's look at the top trending coins on

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social media. This data is brought
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thinking crypto. The first trending coin
here is Nexso, so Nexto is the

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platform where you can do crypto lending
and so forth. I think they're doing

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a marketing camp heres that are trending
as number one. Coming in at number

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two is Internet Protocol ICP, with
good positive sentiment. Number three is Anchor

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on Ethereum, also with strong positive
sentiment. You got Civic coming in at

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number four, which is CBC with
strong positive sentiment as well. Cody comes

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in at number five with decent positive
sentiment. Vello comes in at number six

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with positive sentiment as well. Like
Coin comes in here at number seven with

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decent positive sentiment. Its negative sentiment
is pretty high at thirty six percent,

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but a positive is at forty four. But it's trending due to the coup

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coin case, which I'll share the
news with you guys a little bit later.

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Number eight is pack protocol PAC coming
in with positive sentiment, then tether

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USDT on Avalanche with a very high
positive sentiment, and finally number ten Stellar

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luhmans XLM coming in with positive sentiment
as well. So those are your top

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trending tokens on social media once again, this is brought to you by Sam.

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All Right, folks, let's jump
into the news, and first up

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is the cou coin news, which
I'm sure many of you heard. Prominent

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global cryptocurrency exchange cu cooin and two
of its founders criminally charged with Bank Secrecy

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Act and unlicensed money transmission offenses.
So guys, what's the TLDR here?

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What happened here? This is the
continued cleanup of the legacy crypto exchanges.

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We saw Binance got hit with similar
charges, right, and this is because

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back in the day, in the
wild west of the crypto days, in

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the early days, these exchanges were
not doing kycaml So KYCS is know your

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customer, AML is anti money laundering. You could go sign up for the

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exchanges. You didn't have to share
your idea and verify and you can trade,

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right. I remember using the platforms
like that. It was how things

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were set up. Now, as
the market matured and things progressed, we

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saw many of these exchanges started integrating
KYC and AML. However, the regulators,

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they will go after you for the
years that you weren't doing it.

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We saw that with Binance and Finance
had to pay billions. So here you

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know coup coin and two of its
founders getting charged and so on and so

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forth. So is this bearers for
the market. Absolutely not, it's actually

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bullish. It is once again the
cleanup because we're on the rocket ship getting

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ready to go to higher prices,
and we saw if Binance that news didn't

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affect this market. Right, even
in a bull market, it didn't affect

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the market at all. It was
actually positive because it's the removal of risk

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to anything that could be detrimental to
the price. So this is good clean

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up, getting the exchanges in order. They're not shutting them down. They

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can still operate. Just pay your
fine. You did some sort of crime.

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You're going to pay the time,
right. But the market keeps moving

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forward, so we are eliminating risk
and many of these exchanges are coming in

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line with the regulations. And once
again it's preparing us for the next move

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and for this acid class to keep
growing. And we're seeing Wall Street banks,

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stock exchanges and much more a getting
in. So that's the TLDR here,

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guys, I don't even need to
read through the details. It's just

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a cleanup. They're going after any
platform that didn't use kyc AML, so

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uh really, it's good news.
Now. Something very interesting came out of

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the complaint from the CFDC about what
cou coin was doing, and Jake Trafirsky

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highlighted it here. He said,
hidden gem in the CFTC's coucoin complaint.

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Usually the SEC and CFDC pretend they
aren't in a turf war over crypto.

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Today, the CFDC is openly attacking
the SEC's supposed investigation of Ethereum. This

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may seem minor, but is actually
pretty savage interagency drama by DC's standards.

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So they highlighted specifically. CFDC highlighted
specifically commodities Ethereum and like coin. Folks,

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It's what we've been talking about on
the podcast and why we could see

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a lot of problems here with these
ETHEREMYTF and I've been referencing that the chair

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of the cftc Rosslyn Benham, went
before Congress and said he doesn't know what

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the SEC is doing. Why is
Prometheum custodying etherrem as a security Both agencies

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helped to approve the futures etf right. Etheroreum was given a non security clearance

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by Bill Hinman in a previous administration
of the SEC. So what's happening here,

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folks, and we're seeing some butting
of heads. This is this might

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force Congress to act now. Eleanor
Terrat of Fox Business added to what Jake

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said. The timing is more significant
here given what is going on at the

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SEC, but worth noting the CFDC
also called ether and light coin commodities in

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its lawsuit against Binance last year.
So the SEC is looking pretty dumb here

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because given all the history and all
these things that have been taking place.

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But we know the game here,
folks. They want to roadblock the etherorem

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ETF. Gary's trying to classify etheroreum
as a security. He's taking his orders

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from Elizabeth Warren, who's of course
controlled by the banking incumbents who are getting

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disrupted. We saw two senators send
a letter to the SEC saying no more

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ETFs, right, And I told
you guys, they didn't just wake up

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and dream that up all of a
sudden. That's a plant, that's a

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strategy, and most likely Elizabeth Warren
is behind it because these two senators were

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Democrats. So we got a battle
here, folks. And is this gonna

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get messy now? Eleanor Turrett is
also reporting that she's hearing rumblings on the

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institutional level about possible interest in a
like COINYTF like COINYTF go figure, guys,

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I mean like coin right now on
the market cap is at number twenty

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two. There hasn't been any major
developments. They're not doing much right this

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project almost seems dead. I'm not
saying it's dead, but it almost seems

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that way from an optic standpoint.
Charlie Lee is nowhere to be found.

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He's the founder, right. They
forked Bitcoin's code and a little bit faster

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of a proof of work token here, So I don't know, but it

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may be the reason why it's popping
up is because like coin is proof of

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work and they're figuring maybe they can
get that through because Bitcoin is proof of

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work and that you know, pretty
much like coins a copy of it.

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So we'll see. But I don't
think there's gonna be much demand for like

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coin, right. Not a lot
of people are interested in it. Don't

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get me wrong, my like coin
holders and community. I'm not hating,

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but let's be honest, right,
you got tokens like Salona, Cardono and

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even meme coins are getting all the
mentions and the spotlight versus like coin.

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So this is interesting. So Eleanor
says here, the logic is that because

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of like coin's functional similarities to Bitcoin, the SEC may be more inclined to

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approve it, possibly even more so
than eth. Last week, Coin based

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Derivatives announced plans to launch CFTC approved
futures for dochecoin, like coin and bitcoin

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cash on April first, next Monday. I wonder if that's an April fool's

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joke right on April first, But
look, I think this like Eleanor is

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reporting here. It could be they're
just trying to get as many coins through

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even if there's not much demand.
But I think Ethereum is what the market

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wants as number two, right and
from the Institution's black Rock clettery Fink and

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all these guys, they want the
ethereum's bodytf But maybe this is a way

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to force the SEC's hand. It's
just a chess move. It's not so

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much that they're gonna make a ton
of money off of the like coin etf

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It's a chess move to force the
SEC's hand and to hand Gary against her

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another loss. And if he wants
to go to court, he's easily gonna

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lose that because light coin very similar
to bitcoin. So things are getting very

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interesting here, folks. Now let's
move ahead regarding the ethereum as a security

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or not a security situation, and
the CFTC and the SECU battling right the

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house. Financial services members of KUNG
are waking up to this, and I

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think this etherorem situation, if Gary
continues it, it may force the hand

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of Congress to get regulations through.
So the Financial Services GOP folks tweeted out

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the following. Republicans on the House
Financial Services Committee and House Agriculture GOP sent

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a letter to SEC Chair Gary Gainster
urging his agency to clarify its position with

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respect to the special broker Dealer license
Prometheum's custody of Etheroreum. So they put

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out an infographic here Republicans are holding
SEC chair against their accountable But this is

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all just talk. Man. They
got to send a subpoena. Patrick McHenry,

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if you're listening, subpoena this man
and start cutting his budget as it

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relates to crypto items. Don't get
me wrong, the SEC has to protect

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investors. There are scams out there, but he's clearly not going after scams.

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He's going after the good actors.
And there's a clear agenda to kill

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as many of these crypto startups as
possible. Now. Congressman Tom I'mber,

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who I've had in the podcast multiple
times, retweeted this news and said the

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SEC and the CFDC have an extensive
record asserting that Etherorem is not a security

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So why this Prometheum and SEC registered
broker dealer planned to custody eth and he

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00:11:13.879 --> 00:11:18.679
said, I led the letter with
the Financial House Financial Services Committee and my

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colleagues to Garyginster to get some answers. Let's see what they come up with.

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But I think they got to take
the gloves off, just like the

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crypto industries taking the gloves off and
suing the hell out of scumbag regulator Garygainster

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and the SEC. Now quick way
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be in a description or folks, we

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got some bitcoin spot ETF news.
So hash decks apparently now got its bitcoin

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ETF live. It took a while
and they put out a press release here

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saying title end hashdacks announced trading of
US spot bitcoin ETF. Eric Balchunis a

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00:12:31.559 --> 00:12:37.879
Bloomberg said the ticker symbol is DeFi. He says, they finally and officially

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make it to the starting gate Spot
Bitcoin ETF number eleven. The getting is

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00:12:43.120 --> 00:12:46.559
so good right now. I could
see this one getting some bites if the

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fee is competitive despite being so late. So, folks, no one wants

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to miss the train. Here.
Game theory playing out and the demand for

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bitcoin and crypto acids will continue to
grow. We are still in the early

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innings as RIA and wealth managers get
educated about these ETFs, the fees,

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who's the custodian and so forth.
I recently had Rick Edelman, the RIA

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guru and you know the Wall Street
legend, and we talked about this and

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he walked through the process of how
arias will be looking at bitcoin atfs and

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offering into their clients, and he
expects billions to flow through from rias to

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the et aps. Now let's move
ahead. Solana welcome Circle cross chain protocol,

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so Solana developers can natively swap USDC
tokens with Ethereum and other ecosystems.

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So we're seeing interoperability being built for
different blockchains. It's pretty incredible. Guys.

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Look, I'm not the biggest Salona
fan. I do have some soul

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tokens, but Solana has had a
lot of downtime, and I hope they

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fix it right. I'm not wishing
them bat or anything like that, but

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when I see you have these many
downtimes over the years, it's not a

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00:13:52.399 --> 00:13:58.919
good sign. But they are very
fast and they continue to get a lot

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00:13:58.960 --> 00:14:03.320
of development activity and folks building on
them. So I have to keep it

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00:14:03.559 --> 00:14:07.399
honest, right and fair. So
Solana has been ripping, They're getting a

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00:14:07.399 --> 00:14:11.200
lot of liquidity, a lot of
people building mean coins, and much more

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00:14:11.200 --> 00:14:16.240
on them. So Circle, the
issuer of popular stable coin USDC, has

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00:14:16.279 --> 00:14:22.320
partnered with Solana to bring its cross
chain Transfer Protocol CCTP to its blockchain system.

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00:14:22.639 --> 00:14:28.039
CCTP is designed by Circle to enable
the secure transfer of USDC between different

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00:14:28.080 --> 00:14:33.200
blockchain ecosystems using the native mint and
burn process. This means that Solana developers

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00:14:33.240 --> 00:14:39.080
can can now natively swamp USDC tokens
from Etherreum, and other EVM compatible ecosystems,

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00:14:39.120 --> 00:14:43.759
including Arbitrum, Avalanche based Optimism,
and Polygon. It will also be

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00:14:43.799 --> 00:14:50.720
compatible with non EVM blockchains. CCTP
first integrated with a non EVM chain in

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00:14:50.799 --> 00:14:54.639
October last year when it partnered with
nobyl It's a Cosmos based token protocol to

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00:14:54.679 --> 00:15:01.440
bring us DC natively into the Cosmos
ecosystem. As Noble itself is integrated with

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00:15:01.519 --> 00:15:07.840
Cosmo's inter Blockchain Communication Protocol, CCTP
is also functionally compatible with all COSMOS chains

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00:15:09.120 --> 00:15:13.080
that are connected with IBC. So, folks, this is great to see.

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00:15:13.159 --> 00:15:18.279
I am very bullish on Circle and
USDC and what they're doing. Circle

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issues. Of course the second largest
stable coin that is USDC, Tether being

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the number one with USDT. But
you know the competitions heading up between these

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stable coin issuers, and you've got
PayPal has their own stable coin. And

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could USDC be used by the government
as the digital dollar. I think it's

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possible. That's certainly certainly a possible
scenario, but we'll have to wait and

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see what the government decides to do. Now, speaking of stable coins,

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we've got news area de Tether looks
to build the next generation of open AI

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models with new data division. The
AI job postings come after a six hundred

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million dollar AI infrastructure investment Tether made
in the fall. Now, many of

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you may have seen my recent interview
with the CEO OH with Tether, and

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that is Paulo r. Do Emo. If you haven't seen that, it

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was published eight days ago, be
sure to check it out. We touch

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on AI. We talked on everything
related to stable coins, can usdt DPEG,

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what's going to a feature of it
look like? And is AI a

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threat? And much more so,
he talked about Tether going beyond stable coins

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and looking at other business models.
So we're starting to see some of these

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things come to fruition here. So
the new division named Tether Data is looking

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to hire an AI engineer and ahead
of AI research and development. According to

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00:16:33.799 --> 00:16:37.519
Tether's job recruiting website, here's a
quote. Our goal is to build a

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00:16:37.600 --> 00:16:41.879
next generation of open AI models,
leading innovation in AI through an accessible,

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transparent, and privacy preserving approach.
To job post, things read so very

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interesting. Feather's got a lot on
their play They're making a lot of money.

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They're the world's largest stable coin issuer, so we'll see what else they

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do next. It's pretty fascinating to
watch this play out. And in my

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00:17:00.440 --> 00:17:06.680
interview which Paolo we talked about,
Canter Fitzgerald's CEO, Howard Lutnik add Davis

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twenty twenty four giving a massive endorsement
a Tether, saying they have the money,

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00:17:11.160 --> 00:17:14.000
they are fully reserved, and if
you go to Tether's website, they

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have audits and they have been doing
quarterly attestations. So Tether I think has

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righted the ship after maybe in the
early days, the wild west of the

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00:17:23.039 --> 00:17:26.799
crypto days, things were not in
order, but I think things are in

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00:17:26.920 --> 00:17:30.720
order now, so pretty incredible.
What's happening, well, folks, that's

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00:17:30.799 --> 00:17:33.799
the news. Let me know what
you think. Leave your thoughts and comments

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00:17:33.839 --> 00:17:37.039
below, hit the thumbs up button, hit the five star rating on the

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podcast platforms. Folks, don't forget. I'll be at DC Blockchain Summit twenty

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00:17:41.200 --> 00:17:45.079
twenty four. This is happening in
May May fifteenth and May sixteenth. If

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you want to attend, you can
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go get tickets. You can get
a discount using my code thinking Crypto,

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and I would love to see you
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the blockchain education that you don't have
to attend both in ten one. The

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Blockchain Education Day is a very fascinating
because we're going to go to Capitol Hill

241
00:18:06.119 --> 00:18:11.960
and speak to different folks there.
So doing some grass roots movements here to

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00:18:11.039 --> 00:18:15.079
get crypto legislation guys, and like
I said, I'll be there, I'll

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be vlogging, I'll be podcasting,
and much more so. I would love

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to meet you guys there and chat
about crypto and much more so. Once

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again, check out the link in
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So thank you for your support and
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