WEBVTT

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<v Speaker 1>I've got huge news for you. Fidelity is launching its

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<v Speaker 1>own tokenized fund to compete with black Rock, and Tether

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<v Speaker 1>is about to get audited by a top four accounting firm.

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<v Speaker 1>This is huge for the stable coin market, and as

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<v Speaker 1>stable coin legislations come through and the SEC may rule

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<v Speaker 1>on NFTs very soon, maybe as early this week, saying

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<v Speaker 1>they are not securities. I'll give you the details. Let's

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<v Speaker 1>get into it. Hey, everybody, welcome into the Thinking Crypto podcast.

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<v Speaker 1>You're home for cryptocurrency news and interviews. I'm your host,

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<v Speaker 1>Tony Edward. On your way in, Please of that subscribe

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<v Speaker 1>button as well as the thumbsup button and leave a

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<v Speaker 1>common below. If you're listening on a podcast platform such

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<v Speaker 1>as Spotify or Apple, please leave a five star rating

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<v Speaker 1>and review. Folks. We're seeing some movements from Bitcoin. Today

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<v Speaker 1>it crossed over eighty six thousand dollars, so we continue

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<v Speaker 1>to see some higher highs and hire lows forming here

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<v Speaker 1>on the short term timeframe. Now, this is kind of

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<v Speaker 1>a bit of a relief rally. We're not seeing any

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<v Speaker 1>indication of a true breakout. We need more confirmation for that,

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<v Speaker 1>right because the markets can fake us out and look,

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<v Speaker 1>Bitcoin could pump a bit, maybe big one goes to

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<v Speaker 1>ninety two k, then goes back down to retest the

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<v Speaker 1>lows again, then have a true breakout. So these are

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<v Speaker 1>scenarios you have to be prepared for. But it's good

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<v Speaker 1>to see Bitcoin is moving in the right direction. We

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<v Speaker 1>are slowly getting out of this hole we've been in,

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<v Speaker 1>and overall we're seeing this for the markets across the board.

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<v Speaker 1>So you look at the NASNAC, you look at the

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<v Speaker 1>SMP five hundred, also seen a bit of the recovery.

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<v Speaker 1>But we don't have full confirmation yet, but the signs

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<v Speaker 1>are there and it's looking good. We know the bull

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<v Speaker 1>market's not over, guys. If you look at different signals,

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<v Speaker 1>even the time perspective, this bull market still has ways

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<v Speaker 1>to go. And we're seeing some all coins like XRP,

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<v Speaker 1>their charts are looking good setting up similar to Bitcoin,

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<v Speaker 1>where they're looking to break out as well. So I

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<v Speaker 1>think the next move is coming. As far as a

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<v Speaker 1>strong bullish rally to new highs, we need full confirmation.

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<v Speaker 1>Like I said, the market can give us a relief

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<v Speaker 1>rally then go back and test the lows, but doesn't

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<v Speaker 1>necessarily have to play out that way. But we have

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<v Speaker 1>to be prepared for all scenarios as educated investors, right,

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<v Speaker 1>we don't want to be emotional about these things. We

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<v Speaker 1>want to look at the charts, understand the possible scenarios,

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<v Speaker 1>and then position ourselves accordingly. Now, something that's a good sign.

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<v Speaker 1>The liquidity around mean coins is drying up. In fact,

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<v Speaker 1>Pump dot funds daily revenue is down ninety six percent,

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<v Speaker 1>and I tweeted out about this, beautiful send a liquidity

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<v Speaker 1>back to bitcoin and the real all coins, because the

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<v Speaker 1>mean coins really sucked out a lot of liquidity, even

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<v Speaker 1>Trump's meme coin, which I am not a fan of,

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<v Speaker 1>and you have Malani and so forth. I don't think

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<v Speaker 1>any sitting president should do this. It doesn't matter if

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<v Speaker 1>you're a Democrat, Republican, independent, doesn't matter, right, But it

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<v Speaker 1>is what it is. But at least the liquidity is

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<v Speaker 1>drying up there and it's going back to the real assets.

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<v Speaker 1>So very good sign here. And the macro is setting

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<v Speaker 1>up beautifully with global liquidity surging, and we know risk

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<v Speaker 1>assets like bitcoin and crypt on the stock market will

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<v Speaker 1>catch up. So very good macro sign, guys. And the

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<v Speaker 1>DXY is also breaking down. Many different analysts and traders

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<v Speaker 1>are highlighting that the DXY, despite seeing a little bit

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<v Speaker 1>of strength here, will continue to break down. It has

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<v Speaker 1>been breaking down like crazy lately, which is a very

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<v Speaker 1>good sign for risk assets. So the macro factors are there, guys.

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<v Speaker 1>The stage is being set for the next bullish rally.

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<v Speaker 1>I hope you understand what I'm saying. This is not

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<v Speaker 1>an emotional take. This is based on the data and

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<v Speaker 1>the chart. Now, guys, we've got some interesting news coming

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<v Speaker 1>out around the SEC and NFTs. So Sander Lutz, who

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<v Speaker 1>is the senior writer at decrypt, said SEC Commissioner Hester Purse,

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<v Speaker 1>tells me NFTs could be the next crypto asset class

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<v Speaker 1>the agency exempts from securities regulations via a statement specifically

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<v Speaker 1>types of NFTs used by companies to fundraise. Pierce mentioned

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<v Speaker 1>Stonercats and Flyfish Club as the exact type of NFTs

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<v Speaker 1>the SEC should carve out. Both projects raised millions via

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<v Speaker 1>the sale of membership NFTs before the secs sued the

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<v Speaker 1>projects during the Biden administration. Now we saw the SEC

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<v Speaker 1>recently give clarity on crypto mining as well as mean coin,

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<v Speaker 1>saying they're not securities activities. NFTs will be the next

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<v Speaker 1>logical move here and an easy one for the agency. So, guys,

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<v Speaker 1>we are getting incredible clarity here from Hesser, perse marky Wada,

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<v Speaker 1>and Paul Atkins is not even in office yet. So guys,

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<v Speaker 1>things are moving in the right direction. We have a

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<v Speaker 1>pro crypto government, so to set up in the macro

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<v Speaker 1>with the government, the charts and everything is looking really

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<v Speaker 1>good for the next rally and the continuation of the bullmarket.

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<v Speaker 1>Now interesting news coming out from Tether. Tether's CEO says

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<v Speaker 1>a full audit by a big four firm is the

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<v Speaker 1>top priority following the new CFO hire. So this is

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<v Speaker 1>really great. We know Teyl does their quarterly attestations. We

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<v Speaker 1>know that Cantor Fitzgerald, the major Wall Street firm headed

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<v Speaker 1>up by Howard Lutnick who's not part of the Trump administration,

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<v Speaker 1>has said Teather has the reserves. And if you guys

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<v Speaker 1>recall I discussed this with Tether CEO Powell Arduino last year.

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<v Speaker 1>The interview was in March of twenty twenty four. If

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<v Speaker 1>you haven't seen that, check it out, and he mentioned,

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<v Speaker 1>you know, the working relationship they have with Cantor and

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<v Speaker 1>much more. But an audit from a top four accounting

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<v Speaker 1>firm like your PwC, deloittees and so on and so forth.

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<v Speaker 1>Would be huge. And I think Tether is looking to

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<v Speaker 1>do this because stable coat legislation's coming here in the

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<v Speaker 1>United States. Plus they had some issues with the EU microregulations.

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<v Speaker 1>So I think Tether's going to get their house in

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<v Speaker 1>fully in order. I'm not saying it's in disarray, but

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<v Speaker 1>they're going to get all their t's crossed and their

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<v Speaker 1>eyes dotted and they'll be in compliance. So really big news,

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<v Speaker 1>and I think these are things we need to see

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<v Speaker 1>across the crypto industry. More audits, more transparency, and you know,

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<v Speaker 1>more of the neutral parties out there that can come

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<v Speaker 1>in and make sure everything's in order. This way it's

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<v Speaker 1>not biased or whatever it may be. So this is

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<v Speaker 1>really great, guys, huge news, and I expect other staplequin

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<v Speaker 1>players in the market to do this as well. Now,

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<v Speaker 1>huge news coming out from Fidelity. Many of you know.

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<v Speaker 1>Fidelity is a powerhouse on Wall Street guys, and maybe

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<v Speaker 1>the second biggest name following black Rock. Well, they are

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<v Speaker 1>joining the tokenized assets race. Guys. We know black Rock

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<v Speaker 1>already launched a fund called Biddle on Ethereum. It recently

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<v Speaker 1>crossed over one billion dollars of AUM, which is incredible

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<v Speaker 1>and it hasn't been a year yet. So as we've

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<v Speaker 1>been talking about, guys, the token economy. Tokenization is the

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<v Speaker 1>future of finance, as Larry Fink has said, and they're

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<v Speaker 1>going to put everything on the blockchain, all the traditional assets, commodities, securities, stocks,

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<v Speaker 1>and so forth. So let me give you to details.

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<v Speaker 1>Fidelity Investments has filed to register a blockchain based version

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<v Speaker 1>of its US dollar money market fund, joining the race

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<v Speaker 1>for tokenized assets. The filing said the fund currently uses

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<v Speaker 1>the Theorem network and may expand to other blockchains, with

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<v Speaker 1>the product expected to become effective on May thirtieth, pending

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<v Speaker 1>regulatory approval. Fidelity, managing five point eight trillion dollars in assets,

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<v Speaker 1>is the latest financial heavyweight entering the fast growing tokenized

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<v Speaker 1>US treasury space, which has grown over five hundred percent

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<v Speaker 1>over the past year. Guys, I hope you see what's

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<v Speaker 1>happening here. These Wall street firms are not playing around

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<v Speaker 1>while retail is crying and scared, bull market's over this

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<v Speaker 1>and that whatever. These institutional players are looking at the

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<v Speaker 1>macro views seeing what is coming. We're we'reheaded everything on

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<v Speaker 1>the blockchain. The economy and governments running on blockchain. Guys.

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<v Speaker 1>Second takeaway, Ethereum continues to get adoption. Haters are going

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<v Speaker 1>to hate, right, but this is real world adoption. And

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<v Speaker 1>as I mentioned earlier, black Rock is using Etherereum as well.

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<v Speaker 1>Now they're not only going to use etherorem, they're going

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<v Speaker 1>to expand to other blockchains as well, because it's going

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<v Speaker 1>to be a multi chain world. But Etheroreum continues to

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<v Speaker 1>get enterprise adoption. This is huge news if you're an

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<v Speaker 1>ETH holder. You know, recently I told you guys, I

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<v Speaker 1>bought the dip for XRP, Suie and ETH. So those

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<v Speaker 1>are my bets, not financial advice, and I believe ETH

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<v Speaker 1>is going to do really well. I've been saying that

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<v Speaker 1>once staking gets added to the Ethereum ETFs is going

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<v Speaker 1>to be a game changer. You're going to see a

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<v Speaker 1>lot of inflows and the price will surge. Look, every

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<v Speaker 1>dog has its day in this bull market, right, Liquidity

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<v Speaker 1>flows through. The question is who will be the leaders

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<v Speaker 1>and which ones will outperform which So I think ETH

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<v Speaker 1>is going to catch up and do well based on

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<v Speaker 1>these different factors. Now that you're going to see people

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<v Speaker 1>in the comment section will probably be emotional, heat sucks, this, that, whatever,

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<v Speaker 1>but it's just an asset on a blockchain. You may

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<v Speaker 1>not like the people behind it, Vitalic or whoever, but

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<v Speaker 1>that's different from the asset and the technology which these

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<v Speaker 1>Wall street folks they're not emotional about it. They're just

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<v Speaker 1>building and they see what's coming guys, so I hope

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<v Speaker 1>you do as well. So huge news here now, speaking

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<v Speaker 1>of Etheroreum, there's a report here that high throughput Ethereum

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<v Speaker 1>scaler mega eth use public test net, hitting twenty thousand

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<v Speaker 1>tps on day one, so transactions per second. So we

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<v Speaker 1>continue to see there's different scaling solutions being built for

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<v Speaker 1>etherorem because it does have a scaling issue, but you

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<v Speaker 1>have to look at the pros and cons It has

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<v Speaker 1>strong security, it has the smart Contracts pedigree, so that's

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<v Speaker 1>why a lot of enterprises build on it despite maybe

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<v Speaker 1>the fees and things like that, because the pros that

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<v Speaker 1>way to con So mega eth the Etherum scaling solution,

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<v Speaker 1>backed by notable investors including Vitallic Booter, and launch its

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<v Speaker 1>public test now on Friday. The team takes an opinionated

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<v Speaker 1>stance on scaling that runs counter to the roll up

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<v Speaker 1>centric roadmap that scales Etherorem through multiple layer twos. So

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<v Speaker 1>many of you know, there's a lot of layer twos

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<v Speaker 1>out there that help Ethereum from a scaling standpoint, and

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<v Speaker 1>a lot of builders have been doing this right. Just

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<v Speaker 1>look at coinbase. They have base which is their layer two,

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<v Speaker 1>but it doesn't have a token. But if Etherorem is

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<v Speaker 1>able to improve natively on the l one right, so

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<v Speaker 1>to speak, that will be really great and it should

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<v Speaker 1>boost adoption guys. Now a great place that you can

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<v Speaker 1>buy Ethereum, bitcoin, XRP and other all coins guys is

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<v Speaker 1>on Uphold, which has three hundred plus cryptocurrencies. They actually

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<v Speaker 1>just readded staking rewards for nineteen cryptocurrencies. This is a

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<v Speaker 1>platform I've been using since twenty eighteen. It's really easy

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<v Speaker 1>to use. They are safe, they are fully reserved guys.

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<v Speaker 1>They don't commingle or lend out your crypto funds, and

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<v Speaker 1>you can review their transparency report. They also have a

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<v Speaker 1>great rewards program which is amazing. You can earn up

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<v Speaker 1>to five point two five percent on stable coins and

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<v Speaker 1>part of this rewards program you get twenty four hour

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<v Speaker 1>early access to new tokens that they list, so in

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<v Speaker 1>order To participate, you have to open the app once

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<v Speaker 1>per month, deposit fifty dollars once per month, and trade

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<v Speaker 1>fifty dollars once per month. And the stable coins they

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<v Speaker 1>support are Circles, USDC, Ripples, r L, USD and paypalse

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<v Speaker 1>p yus D. You get five percent on those and

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<v Speaker 1>you get five point two five percent on USBC. This

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<v Speaker 1>is an amazing program. If you'd like to learn more,

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<v Speaker 1>check out the link in the description. Now continuing the

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<v Speaker 1>news around Fidelity, so CSC registers Fidelity Salona Fund statutory trust.

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<v Speaker 1>Impossible step towards an ETF filing. I know they use

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<v Speaker 1>the word possible. Let me give you the out come here.

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<v Speaker 1>They will file for a Salona ETF. We see all

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<v Speaker 1>of these Wall Street firms are in a race that

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<v Speaker 1>get x or P Solana ETFs. Some are doing light coin,

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<v Speaker 1>some doge coin. So Fidelity is not going to get

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<v Speaker 1>left behind, and the black rock is not going to

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<v Speaker 1>get left behind as well. So CSC Delaware Trust Company

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<v Speaker 1>registered a new statutory trust named Fidelity Salona Fund. A

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<v Speaker 1>new filing shows a Fidelity spokesperson declined to give additional

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<v Speaker 1>details on the filing. Several other asset managers including Vanek, Prochars,

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<v Speaker 1>Gray Skill, and more have filed applications for Solona ETFs

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<v Speaker 1>in the past. Fidelity manages the second largest bitcoin ETF

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<v Speaker 1>by assets under management. So that's why I said earlier,

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<v Speaker 1>right behind black Rock, there's Fidelity, guys, so huge news

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<v Speaker 1>when they make a move. Now, Han Venture seeks one

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<v Speaker 1>billion dollars to fund crypto startups. Guys, I've been reporting

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<v Speaker 1>news like this to you about funds, hedge funds vcs

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<v Speaker 1>launching new crypto investment focused funds where they invest in

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<v Speaker 1>the companies building the infrastructure of the market as well

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<v Speaker 1>as token projects. Right, and you want to pay attention

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<v Speaker 1>to this because these institutional investors, when they put money

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<v Speaker 1>behind a token, it can do well. It's not the

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<v Speaker 1>only factor, but if they're putting a lot of liquidity,

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<v Speaker 1>it can do well. So this is why you want

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<v Speaker 1>to include this as part of your research. So, former

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<v Speaker 1>DOJ prosecutor Katie Han's venture firm is raising one billion

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<v Speaker 1>dollars in fresh capital to invest in early and late

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<v Speaker 1>stage blockchain startups. The firm previously raised one point five

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<v Speaker 1>billion dollars, which it largely deployed following the crypto market

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<v Speaker 1>downturn in twenty twenty two. A couple of takeaways there.

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<v Speaker 1>They're already raised over a billion, they're raising another billion.

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<v Speaker 1>I mean, do you see what's happening. They're getting the money.

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<v Speaker 1>The capital's coming in once again, as retail is crying.

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<v Speaker 1>Retail not looking at the macro, not paying attention. Now,

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<v Speaker 1>I'm not talking specifically about you guys who are watching

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<v Speaker 1>and listening, because many of you are educated. Many of

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<v Speaker 1>you been here for a while. You've been doing the research,

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<v Speaker 1>listening to the podcast, looking at the moves happening. Right,

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<v Speaker 1>We've been paying attention to the charts. We've been paying

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<v Speaker 1>attention to the macro at M two and so forth.

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<v Speaker 1>But there's a lot of people not paying attention while

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<v Speaker 1>this capital is coming in. It's being invested, and these

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<v Speaker 1>players are looking to make money. They're not put throwing

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<v Speaker 1>a billion dollars or different crypto projects to lose it, guys,

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<v Speaker 1>and we want to be on the side of smart money. Now.

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<v Speaker 1>Second takeaway here, they deployed the one point five billion

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<v Speaker 1>dollars in the crypto market downturn in twenty twenty two.

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<v Speaker 1>That was the bear market. They bought the blood on

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<v Speaker 1>the streets Are you getting what I've been saying for years?

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<v Speaker 1>Is it sinking in? Is it resonating by the lows,

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<v Speaker 1>by the fear blood? Buy the blood on the street.

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<v Speaker 1>You talk to Warren Buffett, He'll tell you the same thing,

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<v Speaker 1>and sell the greed, sell the euphoria. Once you understand

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<v Speaker 1>these things in the context of the markets, and with

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<v Speaker 1>the macro backdrop of M two and DXY and that

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<v Speaker 1>started a podcast telling you guys about that, it becomes

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<v Speaker 1>a lot easier to invest, It becomes a lot easier

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<v Speaker 1>to navigate the markets. I'm not saying it's going to

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<v Speaker 1>be one hundred percent easy, that there's not going to

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<v Speaker 1>be turmoil like what we've been seeing recently, that the

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<v Speaker 1>markets are not going to be a roller coaster rived.

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<v Speaker 1>Once you see the macroview, you know how to navigate

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<v Speaker 1>the waters, guys. So I hope that's helpful. Guys. That's

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<v Speaker 1>the final news item. Let me know what you think.

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<v Speaker 1>Leave your thoughts and comments below hit the thumbs up button.

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<v Speaker 1>A great way you can support me and the podcast, guys,

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<v Speaker 1>is by subscribing to my free email newsletter. It's one

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<v Speaker 1>hundred percent free. Link will be in a description. Check

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<v Speaker 1>out my book on Amazon. It's available in paperback and

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<v Speaker 1>digital and also check out my new course at mycrypto

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<v Speaker 1>course dot com. This is a comprehensive course. You can

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<v Speaker 1>expand your knowledge about this asset class and industry. Knowledge

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<v Speaker 1>is power. What makes it unique, very different from any

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<v Speaker 1>other course out there. It features expert commentary. You will

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<v Speaker 1>hear from founders, CEOs and innovators building in the industry.

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<v Speaker 1>No other course offers this. And of course it has

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<v Speaker 1>full text write ups, videos and downloadable materials. And you

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<v Speaker 1>pay a one time fee. You get lifetime access and

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<v Speaker 1>you can go at your own pace. You can share

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<v Speaker 1>to log in with your friends and family if you want.

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<v Speaker 1>And guys, you can view the full curriculum on the

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<v Speaker 1>website so get an idea what's included. So if you'd

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<v Speaker 1>like to learn more, guys, go to mycryptocurse dot com

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<v Speaker 1>link w being a description. Thank you for watching and listening.

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<v Speaker 1>I appreciate you all and I'll talk to you all later.