Speaker 1: I've got huge news for you. Fidelity is launching its
Speaker 1: own tokenized fund to compete with black Rock, and Tether
Speaker 1: is about to get audited by a top four accounting firm.
Speaker 1: This is huge for the stable coin market, and as
Speaker 1: stable coin legislations come through and the SEC may rule
Speaker 1: on NFTs very soon, maybe as early this week, saying
Speaker 1: they are not securities. I'll give you the details. Let's
Speaker 1: get into it. Hey, everybody, welcome into the Thinking Crypto podcast.
Speaker 1: You're home for cryptocurrency news and interviews. I'm your host,
Speaker 1: Tony Edward. On your way in, Please of that subscribe
Speaker 1: button as well as the thumbsup button and leave a
Speaker 1: common below. If you're listening on a podcast platform such
Speaker 1: as Spotify or Apple, please leave a five star rating
Speaker 1: and review. Folks. We're seeing some movements from Bitcoin. Today
Speaker 1: it crossed over eighty six thousand dollars, so we continue
Speaker 1: to see some higher highs and hire lows forming here
Speaker 1: on the short term timeframe. Now, this is kind of
Speaker 1: a bit of a relief rally. We're not seeing any
Speaker 1: indication of a true breakout. We need more confirmation for that,
Speaker 1: right because the markets can fake us out and look,
Speaker 1: Bitcoin could pump a bit, maybe big one goes to
Speaker 1: ninety two k, then goes back down to retest the
Speaker 1: lows again, then have a true breakout. So these are
Speaker 1: scenarios you have to be prepared for. But it's good
Speaker 1: to see Bitcoin is moving in the right direction. We
Speaker 1: are slowly getting out of this hole we've been in,
Speaker 1: and overall we're seeing this for the markets across the board.
Speaker 1: So you look at the NASNAC, you look at the
Speaker 1: SMP five hundred, also seen a bit of the recovery.
Speaker 1: But we don't have full confirmation yet, but the signs
Speaker 1: are there and it's looking good. We know the bull
Speaker 1: market's not over, guys. If you look at different signals,
Speaker 1: even the time perspective, this bull market still has ways
Speaker 1: to go. And we're seeing some all coins like XRP,
Speaker 1: their charts are looking good setting up similar to Bitcoin,
Speaker 1: where they're looking to break out as well. So I
Speaker 1: think the next move is coming. As far as a
Speaker 1: strong bullish rally to new highs, we need full confirmation.
Speaker 1: Like I said, the market can give us a relief
Speaker 1: rally then go back and test the lows, but doesn't
Speaker 1: necessarily have to play out that way. But we have
Speaker 1: to be prepared for all scenarios as educated investors, right,
Speaker 1: we don't want to be emotional about these things. We
Speaker 1: want to look at the charts, understand the possible scenarios,
Speaker 1: and then position ourselves accordingly. Now, something that's a good sign.
Speaker 1: The liquidity around mean coins is drying up. In fact,
Speaker 1: Pump dot funds daily revenue is down ninety six percent,
Speaker 1: and I tweeted out about this, beautiful send a liquidity
Speaker 1: back to bitcoin and the real all coins, because the
Speaker 1: mean coins really sucked out a lot of liquidity, even
Speaker 1: Trump's meme coin, which I am not a fan of,
Speaker 1: and you have Malani and so forth. I don't think
Speaker 1: any sitting president should do this. It doesn't matter if
Speaker 1: you're a Democrat, Republican, independent, doesn't matter, right, But it
Speaker 1: is what it is. But at least the liquidity is
Speaker 1: drying up there and it's going back to the real assets.
Speaker 1: So very good sign here. And the macro is setting
Speaker 1: up beautifully with global liquidity surging, and we know risk
Speaker 1: assets like bitcoin and crypt on the stock market will
Speaker 1: catch up. So very good macro sign, guys. And the
Speaker 1: DXY is also breaking down. Many different analysts and traders
Speaker 1: are highlighting that the DXY, despite seeing a little bit
Speaker 1: of strength here, will continue to break down. It has
Speaker 1: been breaking down like crazy lately, which is a very
Speaker 1: good sign for risk assets. So the macro factors are there, guys.
Speaker 1: The stage is being set for the next bullish rally.
Speaker 1: I hope you understand what I'm saying. This is not
Speaker 1: an emotional take. This is based on the data and
Speaker 1: the chart. Now, guys, we've got some interesting news coming
Speaker 1: out around the SEC and NFTs. So Sander Lutz, who
Speaker 1: is the senior writer at decrypt, said SEC Commissioner Hester Purse,
Speaker 1: tells me NFTs could be the next crypto asset class
Speaker 1: the agency exempts from securities regulations via a statement specifically
Speaker 1: types of NFTs used by companies to fundraise. Pierce mentioned
Speaker 1: Stonercats and Flyfish Club as the exact type of NFTs
Speaker 1: the SEC should carve out. Both projects raised millions via
Speaker 1: the sale of membership NFTs before the secs sued the
Speaker 1: projects during the Biden administration. Now we saw the SEC
Speaker 1: recently give clarity on crypto mining as well as mean coin,
Speaker 1: saying they're not securities activities. NFTs will be the next
Speaker 1: logical move here and an easy one for the agency. So, guys,
Speaker 1: we are getting incredible clarity here from Hesser, perse marky Wada,
Speaker 1: and Paul Atkins is not even in office yet. So guys,
Speaker 1: things are moving in the right direction. We have a
Speaker 1: pro crypto government, so to set up in the macro
Speaker 1: with the government, the charts and everything is looking really
Speaker 1: good for the next rally and the continuation of the bullmarket.
Speaker 1: Now interesting news coming out from Tether. Tether's CEO says
Speaker 1: a full audit by a big four firm is the
Speaker 1: top priority following the new CFO hire. So this is
Speaker 1: really great. We know Teyl does their quarterly attestations. We
Speaker 1: know that Cantor Fitzgerald, the major Wall Street firm headed
Speaker 1: up by Howard Lutnick who's not part of the Trump administration,
Speaker 1: has said Teather has the reserves. And if you guys
Speaker 1: recall I discussed this with Tether CEO Powell Arduino last year.
Speaker 1: The interview was in March of twenty twenty four. If
Speaker 1: you haven't seen that, check it out, and he mentioned,
Speaker 1: you know, the working relationship they have with Cantor and
Speaker 1: much more. But an audit from a top four accounting
Speaker 1: firm like your PwC, deloittees and so on and so forth.
Speaker 1: Would be huge. And I think Tether is looking to
Speaker 1: do this because stable coat legislation's coming here in the
Speaker 1: United States. Plus they had some issues with the EU microregulations.
Speaker 1: So I think Tether's going to get their house in
Speaker 1: fully in order. I'm not saying it's in disarray, but
Speaker 1: they're going to get all their t's crossed and their
Speaker 1: eyes dotted and they'll be in compliance. So really big news,
Speaker 1: and I think these are things we need to see
Speaker 1: across the crypto industry. More audits, more transparency, and you know,
Speaker 1: more of the neutral parties out there that can come
Speaker 1: in and make sure everything's in order. This way it's
Speaker 1: not biased or whatever it may be. So this is
Speaker 1: really great, guys, huge news, and I expect other staplequin
Speaker 1: players in the market to do this as well. Now,
Speaker 1: huge news coming out from Fidelity. Many of you know.
Speaker 1: Fidelity is a powerhouse on Wall Street guys, and maybe
Speaker 1: the second biggest name following black Rock. Well, they are
Speaker 1: joining the tokenized assets race. Guys. We know black Rock
Speaker 1: already launched a fund called Biddle on Ethereum. It recently
Speaker 1: crossed over one billion dollars of AUM, which is incredible
Speaker 1: and it hasn't been a year yet. So as we've
Speaker 1: been talking about, guys, the token economy. Tokenization is the
Speaker 1: future of finance, as Larry Fink has said, and they're
Speaker 1: going to put everything on the blockchain, all the traditional assets, commodities, securities, stocks,
Speaker 1: and so forth. So let me give you to details.
Speaker 1: Fidelity Investments has filed to register a blockchain based version
Speaker 1: of its US dollar money market fund, joining the race
Speaker 1: for tokenized assets. The filing said the fund currently uses
Speaker 1: the Theorem network and may expand to other blockchains, with
Speaker 1: the product expected to become effective on May thirtieth, pending
Speaker 1: regulatory approval. Fidelity, managing five point eight trillion dollars in assets,
Speaker 1: is the latest financial heavyweight entering the fast growing tokenized
Speaker 1: US treasury space, which has grown over five hundred percent
Speaker 1: over the past year. Guys, I hope you see what's
Speaker 1: happening here. These Wall street firms are not playing around
Speaker 1: while retail is crying and scared, bull market's over this
Speaker 1: and that whatever. These institutional players are looking at the
Speaker 1: macro views seeing what is coming. We're we'reheaded everything on
Speaker 1: the blockchain. The economy and governments running on blockchain. Guys.
Speaker 1: Second takeaway, Ethereum continues to get adoption. Haters are going
Speaker 1: to hate, right, but this is real world adoption. And
Speaker 1: as I mentioned earlier, black Rock is using Etherereum as well.
Speaker 1: Now they're not only going to use etherorem, they're going
Speaker 1: to expand to other blockchains as well, because it's going
Speaker 1: to be a multi chain world. But Etheroreum continues to
Speaker 1: get enterprise adoption. This is huge news if you're an
Speaker 1: ETH holder. You know, recently I told you guys, I
Speaker 1: bought the dip for XRP, Suie and ETH. So those
Speaker 1: are my bets, not financial advice, and I believe ETH
Speaker 1: is going to do really well. I've been saying that
Speaker 1: once staking gets added to the Ethereum ETFs is going
Speaker 1: to be a game changer. You're going to see a
Speaker 1: lot of inflows and the price will surge. Look, every
Speaker 1: dog has its day in this bull market, right, Liquidity
Speaker 1: flows through. The question is who will be the leaders
Speaker 1: and which ones will outperform which So I think ETH
Speaker 1: is going to catch up and do well based on
Speaker 1: these different factors. Now that you're going to see people
Speaker 1: in the comment section will probably be emotional, heat sucks, this, that, whatever,
Speaker 1: but it's just an asset on a blockchain. You may
Speaker 1: not like the people behind it, Vitalic or whoever, but
Speaker 1: that's different from the asset and the technology which these
Speaker 1: Wall street folks they're not emotional about it. They're just
Speaker 1: building and they see what's coming guys, so I hope
Speaker 1: you do as well. So huge news here now, speaking
Speaker 1: of Etheroreum, there's a report here that high throughput Ethereum
Speaker 1: scaler mega eth use public test net, hitting twenty thousand
Speaker 1: tps on day one, so transactions per second. So we
Speaker 1: continue to see there's different scaling solutions being built for
Speaker 1: etherorem because it does have a scaling issue, but you
Speaker 1: have to look at the pros and cons It has
Speaker 1: strong security, it has the smart Contracts pedigree, so that's
Speaker 1: why a lot of enterprises build on it despite maybe
Speaker 1: the fees and things like that, because the pros that
Speaker 1: way to con So mega eth the Etherum scaling solution,
Speaker 1: backed by notable investors including Vitallic Booter, and launch its
Speaker 1: public test now on Friday. The team takes an opinionated
Speaker 1: stance on scaling that runs counter to the roll up
Speaker 1: centric roadmap that scales Etherorem through multiple layer twos. So
Speaker 1: many of you know, there's a lot of layer twos
Speaker 1: out there that help Ethereum from a scaling standpoint, and
Speaker 1: a lot of builders have been doing this right. Just
Speaker 1: look at coinbase. They have base which is their layer two,
Speaker 1: but it doesn't have a token. But if Etherorem is
Speaker 1: able to improve natively on the l one right, so
Speaker 1: to speak, that will be really great and it should
Speaker 1: boost adoption guys. Now a great place that you can
Speaker 1: buy Ethereum, bitcoin, XRP and other all coins guys is
Speaker 1: on Uphold, which has three hundred plus cryptocurrencies. They actually
Speaker 1: just readded staking rewards for nineteen cryptocurrencies. This is a
Speaker 1: platform I've been using since twenty eighteen. It's really easy
Speaker 1: to use. They are safe, they are fully reserved guys.
Speaker 1: They don't commingle or lend out your crypto funds, and
Speaker 1: you can review their transparency report. They also have a
Speaker 1: great rewards program which is amazing. You can earn up
Speaker 1: to five point two five percent on stable coins and
Speaker 1: part of this rewards program you get twenty four hour
Speaker 1: early access to new tokens that they list, so in
Speaker 1: order To participate, you have to open the app once
Speaker 1: per month, deposit fifty dollars once per month, and trade
Speaker 1: fifty dollars once per month. And the stable coins they
Speaker 1: support are Circles, USDC, Ripples, r L, USD and paypalse
Speaker 1: p yus D. You get five percent on those and
Speaker 1: you get five point two five percent on USBC. This
Speaker 1: is an amazing program. If you'd like to learn more,
Speaker 1: check out the link in the description. Now continuing the
Speaker 1: news around Fidelity, so CSC registers Fidelity Salona Fund statutory trust.
Speaker 1: Impossible step towards an ETF filing. I know they use
Speaker 1: the word possible. Let me give you the out come here.
Speaker 1: They will file for a Salona ETF. We see all
Speaker 1: of these Wall Street firms are in a race that
Speaker 1: get x or P Solana ETFs. Some are doing light coin,
Speaker 1: some doge coin. So Fidelity is not going to get
Speaker 1: left behind, and the black rock is not going to
Speaker 1: get left behind as well. So CSC Delaware Trust Company
Speaker 1: registered a new statutory trust named Fidelity Salona Fund. A
Speaker 1: new filing shows a Fidelity spokesperson declined to give additional
Speaker 1: details on the filing. Several other asset managers including Vanek, Prochars,
Speaker 1: Gray Skill, and more have filed applications for Solona ETFs
Speaker 1: in the past. Fidelity manages the second largest bitcoin ETF
Speaker 1: by assets under management. So that's why I said earlier,
Speaker 1: right behind black Rock, there's Fidelity, guys, so huge news
Speaker 1: when they make a move. Now, Han Venture seeks one
Speaker 1: billion dollars to fund crypto startups. Guys, I've been reporting
Speaker 1: news like this to you about funds, hedge funds vcs
Speaker 1: launching new crypto investment focused funds where they invest in
Speaker 1: the companies building the infrastructure of the market as well
Speaker 1: as token projects. Right, and you want to pay attention
Speaker 1: to this because these institutional investors, when they put money
Speaker 1: behind a token, it can do well. It's not the
Speaker 1: only factor, but if they're putting a lot of liquidity,
Speaker 1: it can do well. So this is why you want
Speaker 1: to include this as part of your research. So, former
Speaker 1: DOJ prosecutor Katie Han's venture firm is raising one billion
Speaker 1: dollars in fresh capital to invest in early and late
Speaker 1: stage blockchain startups. The firm previously raised one point five
Speaker 1: billion dollars, which it largely deployed following the crypto market
Speaker 1: downturn in twenty twenty two. A couple of takeaways there.
Speaker 1: They're already raised over a billion, they're raising another billion.
Speaker 1: I mean, do you see what's happening. They're getting the money.
Speaker 1: The capital's coming in once again, as retail is crying.
Speaker 1: Retail not looking at the macro, not paying attention. Now,
Speaker 1: I'm not talking specifically about you guys who are watching
Speaker 1: and listening, because many of you are educated. Many of
Speaker 1: you been here for a while. You've been doing the research,
Speaker 1: listening to the podcast, looking at the moves happening. Right,
Speaker 1: We've been paying attention to the charts. We've been paying
Speaker 1: attention to the macro at M two and so forth.
Speaker 1: But there's a lot of people not paying attention while
Speaker 1: this capital is coming in. It's being invested, and these
Speaker 1: players are looking to make money. They're not put throwing
Speaker 1: a billion dollars or different crypto projects to lose it, guys,
Speaker 1: and we want to be on the side of smart money. Now.
Speaker 1: Second takeaway here, they deployed the one point five billion
Speaker 1: dollars in the crypto market downturn in twenty twenty two.
Speaker 1: That was the bear market. They bought the blood on
Speaker 1: the streets Are you getting what I've been saying for years?
Speaker 1: Is it sinking in? Is it resonating by the lows,
Speaker 1: by the fear blood? Buy the blood on the street.
Speaker 1: You talk to Warren Buffett, He'll tell you the same thing,
Speaker 1: and sell the greed, sell the euphoria. Once you understand
Speaker 1: these things in the context of the markets, and with
Speaker 1: the macro backdrop of M two and DXY and that
Speaker 1: started a podcast telling you guys about that, it becomes
Speaker 1: a lot easier to invest, It becomes a lot easier
Speaker 1: to navigate the markets. I'm not saying it's going to
Speaker 1: be one hundred percent easy, that there's not going to
Speaker 1: be turmoil like what we've been seeing recently, that the
Speaker 1: markets are not going to be a roller coaster rived.
Speaker 1: Once you see the macroview, you know how to navigate
Speaker 1: the waters, guys. So I hope that's helpful. Guys. That's
Speaker 1: the final news item. Let me know what you think.
Speaker 1: Leave your thoughts and comments below hit the thumbs up button.
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Speaker 1: I appreciate you all and I'll talk to you all later.