WEBVTT

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Vice president Kamala Harris is reaching out
to Mark Cuban for advice on crypto and

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pro crypto group. Fair Shape becomes
the largest superpack of the election cycle,

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raising over two hundred million dollars,
and the etherorem spot ETFs are off to

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an amazing start with one billion dollars
in trading volume today, and Solana is

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getting huge adoption with real world companies
such as Hamilton Lane, which has put

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a private credit fund on the blockchain. We're gonna break this down and much

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more. Let's get into it.
Hey, everybody, welcome into the Thinking

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00:00:41.159 --> 00:00:46.119
Crypto podcast. You're home for cryptocurrency
news and interviews. I'm your host,

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00:00:46.159 --> 00:00:49.759
Tony Edward. On your way in, Please hit that subscribe button as well

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00:00:49.759 --> 00:00:52.799
as the thumbs up button and leave
a comment below. If you're listening on

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a podcast platform such as Spotify or
Apple, please leave a five star rating

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and review. Folks, let's take
a look at the price of big Some

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people are starting to get a bit
nervous because bitcoin pulled back a bit.

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Right now is trading at sixty five, seven hundred and ninety five dollars at

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the time of recording. So what's
happening here. Well, first, the

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DXY is finding some strength on the
daily chart, but this is on the

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micro. On the macro, we
are in an uptrend. We're in a

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bull market, as I've been saying, and these little micro movements of Bitcoin

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pulling back a bit the DXY pumping
up a bit are nothing to be alarmed

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by. We are going to see
these type of things happen because Bitcoin won't

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pump in a straight line. Likewise, the DXY is not going to drop

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and crash in a straight line.
It's going to be a rollercoaster ride,

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both up and down. We've seen
this time and time again. In addition,

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you have the Mountgox creditors have begun
receiving bitcoin and crack in exchange,

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so there is some cell pressure here
similar to what took place with Germany and

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them selling the bitcoin they had.
But these events we've seen are not significant

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in affecting the bullmarket, and once
they're over, they're over, and the

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market keeps moving up. So these
are the factors right now that are holding

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up the market, so to speak. In addition, we saw the stock

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market started cooling down. The Dow
Jones, the S and P five hundred

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both were overbought. So they're right
now in a little bit of a corrective

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phase, seeing a bit of a
pullback. Healthy stuff, Right, Markets

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don't go up in a straight line, and these pullbacks help us to build

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support levels before we bounce to higher
highs. Now, obviously there's going to

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be a ultimate top to the bullmarket. Right. I've been saying we're in

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a macro bullmarket for stocks, crypto, real estate and so forth. But

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we're not there yet. The signals
are not flashing yet. But this is

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why I've been telling you guys,
have a plan, so you know what

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price points you're taking profits at now, Guys, Today, of course the

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Etheroreum's body tps went live and they
are off to a great start. Around

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ten am Eastern this morning, we
got news that the trading volume was at

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two hundred million dollars in the first
forty five minutes. Well, since then,

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the trading volumes has hit one billion
dollars, so that's pretty incredible.

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We're off to a great start.
This is very bullish, and I've been

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stating I don't expect the etheremytfs to
do what the bigcoin ETFs did. Obviously,

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there's not as much demand for Eth
as there was Bitcoin. But they

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will be successful. They will do
well because Ethereum is the second largest crypto

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in the market and there's a lot
of demand for it. I think they

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would have been more demand if staking
was involved, because part of the appeal

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for etherorem is that staking component to
be able to earn passive rewards and yield

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and so forth. But guys,
great stuff here, and the folks at

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Bloomberg and all these guys have been
tracking it and it's off to a great

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start. Guys. So as I
said in yesterday's podcast, I think there's

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going to be a lagging effect where
as the inflows grow, as the market

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finds its bottom in this mini pullback, and as the media starts talking about

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it, you're going to see more
upward price action. So we got to

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be patient let things play out.
But this is a great on rap being

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set up here for the second largest
crypto assets. Guys. Pretty bullish stuff.

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Now here's what Congressman Tom Emmer,
who's GOP majority whip, had to

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say about the ETFs going live.
He says, great to see the sec

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aust course and allow Eth spottytfs to
begin trading today on second thought, we

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should actually be thanking the courts.
Gary Ginzer has to go. So we

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know he's been trashing Gary for a
long time, and I've had him on

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the pod quite a few times as
well, but he's spot on. This

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is because of the courts. Gary
wouldn't have approved the big Quinny tfs if

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it wasn't for the loss and against
Gray Scale in the courts. And I've

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been saying it for a long time. I don't think Gary wanted to mess

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with Black Rock and Fidelity and these
big names in the courts. He would

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have gotten his ass handed to him
because if Gray Scale, a small crypto

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firm, could defeat him in court, imagine what the Wall Street folks would

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have done with unlimited capital and resources. So Gary capitulating for sure, and

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Tom members spot on here. Now, speaking of the SEC, we have

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some big updates from Taylor bar of
the Digital Chamber. He said this week

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the House will pass the Financial Services
Appropriations Package for twenty twenty five. This

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fund's agencies like the SEC, US, Treasury, FTC, FDIC, etc.

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Fromd reminder that there's sections on one
barring the SEC from using funds to

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enforce SAB one two one. This
is significant because there was bipartisans support in

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repealing SAB one to one in the
House and Senate, but Biden ultimately vetoed

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it. But this is another guardrail
to rein in the SEC that you can't

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use any of your budget towards enforcing
this bullshit rule which the government accountability off

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is shot down. And we know
if it wasn't for Elizabeth Warren speaking in

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Biden's ear, he wouldn't have vetoed
this, right because I don't think Biden

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cares one way or the other,
but he's going to listen to Elizabeth Warren.

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But we know that this whole situation
obviously has escalated where Biden has dropped

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out of the reelection race and so
forth. Number Two limiting the SEC's ability

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to issue enforcement actions against digital asset
transactions. This is a big one.

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So what they can do from an
enforcement standpoint is being limited. Number three

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preventing the US Treasury from issuing a
CBDC. So once this makes it out

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of the House, of course,
it has to go to the Senate and

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it will work its way up to
the President and let's see if it can

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become law. But this is a
good sign. Even if it doesn't become

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law, it just shows that Gary
is losing the narrative, Elizabeth Warren is

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losing the narrative. Their whole facade
of lies is collapsing on them. And

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on that note, guys, we
got big news from Kamala Harris, who's

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of course the current Vice president and
now the Democrat presidential candidate. So Mark

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Cuban says, Kamala Harris camp reached
out with multiple questions about crypto, so

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they reached out to him, said
the following I'm getting multiple questions from her

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camp about crypto, he said Tuesday, So I take that as a good

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sign. The feedback I'm getting,
but certainly not confirmed by the VP,

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is that she will be far more
open to business, artificial intelligence, crypto,

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and government as a service. Cuban
said, Folks, this is big

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and it goes back to crypto should
not be a partisan issue. Both Democrats

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and Republicans should be supporting this.
But because the Democrats messed up and let

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Elizabeth Warren drive this clown car anti
crypto army nonsense, that car has crashed

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and it's now on fire and the
Democrats are feeling it now. The good

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thing is that many Democrats turned their
backs on Elizabeth warning Gary Gains and helped

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pass the FIT twenty one bill in
the House, voted to repeal SAB one

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two one and so forth. And
you had like a Rowcanna, who I'm

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interviewing tomorrow, held a crypto roundtable
with Mark Cuban and the Biden administration and

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other folks. So there's some Democrats
who are like, you know what,

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We're done with Elizabeth Warren and Gary
Againster and we're gonna try to fix this.

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Yesterday I shared a clip of Congressman
Wiley Nichols saying he's been talking to

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Kamala Harris about crypto policy and moving
away from the SEC and Gary Gangster's approach

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to it. So things are moving
in the right direction. This is not

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me trying to endorse Kamala Harris or
Trump or whatever, but rather trying to

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highlight that crypto's here to stay and
the Democrats screwed up and they have to

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fix this now. And there's some
promising signs here. Will she actually do

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it. We'll have to wait and
see. And I love what James Murphy

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aka metalaw Man had to say.
He retweeted this news saying a crypto pivot.

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Ignore what they say, watch what
they do. This is really easy

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they do. And now he's speculating, right, this is the way they

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can do things. One acknowledge and
revoke Operation Choke point two point zero,

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number two, fire Gensler and appoint
crypto industry veteran. Number three, drop

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cases against ripple coinbase crack and by
consensus, et cetera. Number four sign

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bill repealing SAB one two one,
number five grant Custodia Bank a fed Master

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account for starters. Well, you
know, look, I this would be

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the ideal scenario. Will they actually
do it. I don't think so,

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But if they do, that will
be an incredible move and it will be

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a big checkmate to Donald Trump and
his campaigning around crypto. But look,

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Gary Ginster is still in office,
Elizabeth Warren is still there and she can

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easily spew her venom in Kamala's Harris's
ear right. But hopefully these other Democrats

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can really convince Kamala to do the
right thing where this is not an election

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issue anymore. It should just be
America's pro crypto versus Republicans at pro crypto

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and Democrats are not right that's how
it should be. But guys, crypto

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is a political force. As I've
been telling you guys for months and months

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now, pro crypto group fair Shake
comes the largest super pack of election cycle,

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raising over two hundred million dollars.
The last numbers we had gotten was

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over one hundred and sixty, where
coinbase, a sixteen z in ripple had

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each put an additional twenty five million
dollars in. Can you imagine in this

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election cycle crypto is the largest super
pack. I would not have thought that,

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guys. He told me about this
in twenty twenty three, I wouldn't

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have believed you. Out of all
the other special interest groups and all these

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things that are going on, Crypto's
the largest. And I think the crypto

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industry finally got tired of the unlawful
attacks against it from sec Gary Ginser,

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Elizabeth Warren's anti crypto army nonsense.
And now those who are anti crypto are

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getting demolished in the elections. We
saw it on Super Tuesday, we saw

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it in the primaries, and that's
why I think a lot of Democrats pivoted

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and turned their backs on Gainst and
Warren. So this is huge, folks,

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It's pretty amazing how much capital has
been raised and they are supporting both

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Democrats and Republicans who are pro cryptos. So amazing stuff. Look how far

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we've come, guys. Once crypto
is called a scam, a fad,

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and some of the biggest names were
coming out saying nonsense about it. Now

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00:11:18.840 --> 00:11:26.600
we're a political force tradifies building with
the technology and launching financial products like ETFs.

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Presidential candidates are campaigning on it.
It's amazing what's taking place now.

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00:11:31.480 --> 00:11:35.360
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if you'd like to learn more about
Uphold, check out the link in the

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description. Now, guys, yesterday
I told you about mainstream media is starting

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00:12:09.960 --> 00:12:16.559
their coverage about bitcoin being a strategic
reserve asset in the United States, and

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00:12:16.600 --> 00:12:20.679
of course everybody is waiting in anticipation
to hear from Trump because the rumor is

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he's going to present his plan to
make bitcoin a strategic reserve asset. Well,

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00:12:26.240 --> 00:12:30.960
I spoke to someone today, actually, Cody Carbone at the Digital Chamber,

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and I'll be publishing that interview tomorrow, he said. In addition to

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that, he's hearing that the Senate
will introduce a bill this week that proposes

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making bitcoin a US Treasury reserve asset. So this is wild, guys.

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I'm blown away at what's happening.
But if a bill is being presented by

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the Senate and Donald Trump is saying
these things, get ready. This ballmarket

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is heating up, as I've been
saying, have a plan because we could

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start to see some movement upward as
these narratives are being built and mainstream media

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00:13:05.279 --> 00:13:09.039
is covering it. So today Fox
Business covered it, yesterday it was CNBC.

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So the narrative is spreading and retail
is gonna wake up. People are

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gonna be like, what what Donald
Trump saying this what the Senate is,

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you know, proposing this to get
ready, guys, Exciting times are ahead.

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Now. We got big news around
Solana. About a month and a

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00:13:28.159 --> 00:13:31.759
half ago. I bought the dip
on Solana, adding a significant amount of

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my portfolio because I'm seeing all the
adoption with the launch of blinks, with

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the ETF filings, and just more
adoption outside of meme coins. Right.

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At one point, I didn't care
about Solana because at the meme points,

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I'm like, okay, what whatever, But look look at this news.

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Hamilton Lane puts private credit fund on
Solana. Hamilton Lane is a trad fi

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00:13:54.600 --> 00:13:58.840
company. They're no joke. This
is pretty amazing. So let me give

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you a quote from the article.
Hamilton Lane is making its senior private credit

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00:14:03.039 --> 00:14:07.679
fund available on the Solana blockchain through
a partnership with Libre, Libre and Institutional.

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00:14:07.679 --> 00:14:13.039
Web three Infrastructure is a joint venture
launched earlier this year by Hedge Fund,

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00:14:13.080 --> 00:14:18.480
Brevin Howard's web end Group, and
Nomora's Laser Digital. It launched a

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web three protocol on the Salona network
for the issuance and distribution of funds.

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Through this, Solana's users will be
able to access Hamilton Lane's Senior Credit Opportunities

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00:14:28.120 --> 00:14:33.639
fund scope through a feeder fund structure. This is what you want to see

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00:14:33.919 --> 00:14:37.440
as an investor in these different crypto
tokens, which ones are getting real world

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00:14:37.519 --> 00:14:43.240
adoption, not by some random startup, which is there's nothing necessarily wrong with

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00:14:43.279 --> 00:14:46.639
that. But you want to see
tradified giants. You want to see established

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00:14:46.639 --> 00:14:48.679
companies coming in and saying you know
what, Yeah, we want to we

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00:14:48.720 --> 00:14:52.320
want to build on this because it
makes sense. It improves the way we

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00:14:52.360 --> 00:14:58.120
can do business, improves efficiency and
much more so. Guys, huge news

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00:14:58.120 --> 00:15:01.919
for Solona, and that's why I
I've added a significant amount in my portfolio

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00:15:03.279 --> 00:15:07.480
and I'm going to ride the liquidity
wave which has We've seen Salona get a

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00:15:07.519 --> 00:15:09.360
ton of liquidity, a lot of
vcs are backing it, and much more

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now moving ahead, guys, we
all know that fetch dot Ai Singularity and

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I forgot the other one that was
merging with to become the ASI Alliance.

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They have raised fifty three million dollars
to create the world's first modular AGI super

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computer and build a state of the
art high performance computing and AI data centers.

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I've been I told you guys in
December twenty twenty two and Januy twenty

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twenty three, AI was going to
be a big narrative. I put a

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00:15:41.519 --> 00:15:46.480
bet on Fetch and rendered it was
made me incredible returns and it's not ending.

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This is a big narrative here,
so very very bullish. I'm actually

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00:15:52.240 --> 00:15:54.399
going to get the folks on Singularity
on the pod to talk about this.

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00:15:56.039 --> 00:15:58.399
That's a lot of money they raised
there, so it's a pretty incredible stuff.

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00:15:58.440 --> 00:16:02.600
Let me give us an details.
According to a July twenty third announcement,

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the investments first phase will allocate twenty
six point five million dollars to the

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00:16:06.960 --> 00:16:14.240
supercomputer, incorporating modular data centers,
solutions from Echo Blocks, graphics processing units

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00:16:14.240 --> 00:16:18.320
and processors from companies such as Navidia, AMD, Tenstorrant, as well as

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00:16:18.399 --> 00:16:26.240
AI servers from Asis and Gigabyte Singularity
Nets. Supercomputer will optimize the training of

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00:16:26.360 --> 00:16:33.799
deep neural networks d and NS,
Large language models LMS, including a multimodule

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variations the hybrid neural symbolic computing architectures
such as OpenCog Hyperon. I don't even

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00:16:41.159 --> 00:16:44.879
know half of what I just said, but I have to do some more

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00:16:44.919 --> 00:16:48.360
research on this, but that's a
lot of capital a rays and it looks

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00:16:48.360 --> 00:16:53.240
like they're trying to really build the
future of AI with blockchain, because I

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think those two technologies are symbiotic.
AI helps to enhance blockchain feed and capabilities,

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and blockchain helps the police AI when
it comes to content and deep fakes

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and all that stuff. So this
is big news. Folks. Let me

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00:17:10.799 --> 00:17:12.559
know what you think. Leave your
thoughts and comments below. Folks, don't

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00:17:12.559 --> 00:17:17.440
forget to sign up for my free
email newsletter on substack link will being a

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00:17:17.480 --> 00:17:21.480
description. Also, grab a copy
of my book, Rethinking Crypto. It's

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00:17:21.519 --> 00:17:26.240
available on Amazon in paperback in digital. It's also available on Barnes Andnobles dot

231
00:17:26.279 --> 00:17:30.039
com. Folks, grab a copy
to support the podcast. Buy a couple

232
00:17:30.000 --> 00:17:32.960
of copies for your friends and family
who want to learn about Crypto. It

233
00:17:33.000 --> 00:17:37.400
talks about Crypto's past, president and
future. It includes investment tips as well.

234
00:17:37.640 --> 00:17:40.960
And if you bought a copy already, please leave a rating and review

235
00:17:41.200 --> 00:17:44.079
on Amazon. It would really help
me out. Thank you so much.

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00:17:44.160 --> 00:18:02.680
I appreciate you guys, and I'll
talk to you all later. Don't things, don't do

