Speaker 1: Hey, folks, welcome into the Thinking Crypto Podcasts. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 2: Folks. Not too much to talk.
Speaker 1: About as it relates to price for the bitcoin chart.
Speaker 1: We're still grinding, slowly grinding our way out of this hole.
Speaker 1: And as I've been saying, we've got to be patient,
Speaker 1: We're gonna have to test some resistance levels and break
Speaker 1: through and set higher highs and higher lows. Right, but
Speaker 1: the bulls are in control and the daily the macde
Speaker 1: has flipped green, so that's very good. A positive sign
Speaker 1: for the overall bull market is that the SMP five
Speaker 1: hundred today closed above sixty eight hundred for the first
Speaker 1: time in history. So as we've been saying, gold has
Speaker 1: topped out, and now we have rotation of liquidity into
Speaker 1: the stock market in crypto. Obviously crypto lags a bit behind,
Speaker 1: but it will all catch up because it's all following
Speaker 1: global liquidity. So the s and P five hundred and
Speaker 1: making new highs. You got the Nasdaq making new highs,
Speaker 1: you got the Dow Jones making new highs, and the
Speaker 1: Rustle also knocking at the door of new highs. So
Speaker 1: clearly the bull market's still alive here and we just
Speaker 1: have to be patient. Now it's not just the US
Speaker 1: stock markets. Japan's Nieke hit fifty thousand points, a new
Speaker 1: all time high record. So again, global liquidity driving all
Speaker 1: of these acid classes higher, and it's happening globally. And
Speaker 1: it also includes real estate, even though we're not really
Speaker 1: tracking real estate. But this is why you see the
Speaker 1: prices of real estate still going up despite the mortgage
Speaker 1: industry with rates being high, not doing so well. It's
Speaker 1: because everything is being repriced inflating. Your goods, your food,
Speaker 1: and your services and your assets are all inflating, right.
Speaker 1: So this is why you have to understand the fundamental
Speaker 1: foundational aspect of money printing and debasement occurrence see and
Speaker 1: why we're investing in assets to outpace that the basement
Speaker 1: and crypto. As you know, billionaire Poul Tudor Jones has
Speaker 1: said very eloquently, it's the fastest horse in this asset race.
Speaker 1: So be patient, guys. Bull Market's still alive and we're
Speaker 1: going to continue to work our way up. Heads up
Speaker 1: that this Friday you're going to hear from the Fed
Speaker 1: about ray cuts. I do believe they're going to cut rates,
Speaker 1: but you know, anytime you hear from the Fed, there's
Speaker 1: going to be volatility. Trump is also a meeting with
Speaker 1: President she so you know, expect volatiley, expect retests and
Speaker 1: ups and downs and fake outs and so forth. But macro,
Speaker 1: we are still on track. We're still heading to new highs.
Speaker 1: Here's something that's very good. The mount gox repayments postponed
Speaker 1: one year, so no Mount goox related bitcoin hitting the
Speaker 1: markets until twenty twenty six, so that cell pressure is
Speaker 1: off the table until next year. And that's a good thing, right.
Speaker 1: We don't need this, you know, essentially hitting the market.
Speaker 1: And you know, it's crazy, Moundgox is still an issue
Speaker 1: when people are still waiting to get their funds and
Speaker 1: so forth, because of what happened a very long time ago. Now,
Speaker 1: if you don't know about mount Gox, I highly recommend
Speaker 1: that you go do some research and learn what took
Speaker 1: place here, because this is why I believe in self custody.
Speaker 1: It's why I'm a user of the Treasure safe devices.
Speaker 1: Like I personally use the Tresors Treasure Save five and
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Speaker 1: to custody your assets. And Treasure they were the pioneers
Speaker 1: of the hardware walllets and the seed for a setup.
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Speaker 2: It's very easy to use, folks.
Speaker 1: I was in Prague for the launch of this product
Speaker 1: and it was really cool to be able to play
Speaker 1: around with it, and I got one actually be at home.
Speaker 1: I have to set it up because I've been using
Speaker 1: the Treasure Save five. So Treasure they support all the
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Speaker 1: Well it's once again, I'm a user. Link will be
Speaker 1: in the description. Okay, folks, this is huge. That's not hyperbole.
Speaker 1: This news is massive. So Citybank is partnering with coinbase
Speaker 1: to offer crypto to their clients. Guys, look at the capitulation,
Speaker 1: Look at the bending of the knee. This is amazing
Speaker 1: on multiple levels. One, the banks and the TRANSPI institutions
Speaker 1: can't ignore crypto. Obviously, they are all jumping in game
Speaker 1: theories playing out number two. They're partnering with companies. They
Speaker 1: tried to stop right, They tried to lobby Elizabeth Warren
Speaker 1: and Gary Ginster to attack Coinbase and others, and they
Speaker 1: have to capitulate and partner with coinbase because coinbase has
Speaker 1: built these services and they now they and other institutions
Speaker 1: are using coinbas as services. Now this is interesting because
Speaker 1: remember earlier this here, guys, JP Morgan partnered with coinbas
Speaker 1: to do the same thing, and so the PNC bank.
Speaker 1: So now you've got City. So all the banks of
Speaker 1: lining up here. This is very interesting. So Coinbase tweeted out,
Speaker 1: We're collaborating with City to build a future of payments,
Speaker 1: exploring making it easier for City clients to use digital assets,
Speaker 1: unlocking the power of stable coins for payments, and improving
Speaker 1: on and off ramp time to make digital assets an
Speaker 1: integral part of the global economy. So, guys, the big players,
Speaker 1: the banks, they're all here. I hope you see the
Speaker 1: direction the pucket is heading in. I hope the short
Speaker 1: term price volatility is not getting you depressed and tired,
Speaker 1: because what's coming is higher prices, higher valuations as these
Speaker 1: on ramps are being built. Right, so you got to
Speaker 1: be patient. You got to look at the market from
Speaker 1: a macro perspective, not just a hourly, daily, weekly, right.
Speaker 1: We got to look at the bigger picture here, and
Speaker 1: here's what Brian Armstrong, coinbased CEO said about this news.
Speaker 1: It's not a debate anymore. Crypto and stable coins are
Speaker 1: the tools that will update the global financial system. Exciting
Speaker 1: to be collaborating with City to work on improving stable
Speaker 1: coin utility and digital asset adoption with their clients. Now,
Speaker 1: most recently we got confirmation from City that they're going
Speaker 1: to launch custody services crypto custody services in twenty twenty
Speaker 1: six in addition to a stable coin. So the other
Speaker 1: part obviously they're going to offer their client scrypto trading
Speaker 1: and Coinbase is going to power that. So huge news here, folks,
Speaker 1: so bullish. I mean, some of you may be Citybank
Speaker 1: customers right and now they're getting involved in crypto. So
Speaker 1: it's just amazing what is taking place. Now, here's some
Speaker 1: very interesting news around Michael Saylor and Strategy. So many
Speaker 1: of you know Strategies are bitcoin treasury companies. So the
Speaker 1: SMP Global Ratings has assigned Strategy Inc. A B minus
Speaker 1: issuer credit rating, which in parentheses he put here outlooks stable,
Speaker 1: the first ever rating for a bitcoin treasury company by
Speaker 1: a major credit rating agency. This is progress, and we know,
Speaker 1: you know, Sailor wants to get strategy listed in the
Speaker 1: S and P five hundred, so some progress being made
Speaker 1: here for him.
Speaker 2: And I think this is pretty significant as you have.
Speaker 1: A flurry of digital asset treasury companies that are in
Speaker 1: the mix right now. That trend continues to grow, so
Speaker 1: we'll see companies in the S and P five hundred
Speaker 1: and maybe even the NASDAC and the Dow Jones and
Speaker 1: so forth hold crypto in their balance sheet. So very
Speaker 1: interesting moving ahead. We got a bunch of ETF news guys,
Speaker 1: so bear with me because a lot of the reports
Speaker 1: coming in were a bit confusing initially. But Bitwise has
Speaker 1: confirmed that the bit Wise Solana Steaking ETF starts trading tomorrow.
Speaker 1: So apparently they got approval you know, under the SEC's
Speaker 1: new guidelines, and even though there's a government shut down,
Speaker 1: it seems these things are still going live, right So
Speaker 1: they said here, this is the first US ETP to
Speaker 1: have one hundred percent direct exposure to spot Solana, maximizing
Speaker 1: Solana's seven percent plus average staking reward rate, targeting one
Speaker 1: hundred percent of asset staked snaking through Bitwise on chain
Speaker 1: solutions powered by Helius Labs zero percent fees with waiver
Speaker 1: for a limited time. So, folks, the ETF race continues.
Speaker 1: I know some people are going to be watching saying
Speaker 1: what about XRP. Just be patient, be patient, right, But
Speaker 1: this is huge. And there's also news here that the
Speaker 1: Canary h Bar ETF that is going to be going
Speaker 1: live tomorrow as well. So I'm an h BAR token holder.
Speaker 1: This is very bullish for h Bar and just exciting.
Speaker 1: And it says here to ETF will hold h Bar
Speaker 1: in custody with bitgo and coin based custody.
Speaker 2: So huge news.
Speaker 1: This is going to bring more inflows and more exposure
Speaker 1: to these assets. So even if people are not going
Speaker 1: to buy through the ETF, they can go buy it
Speaker 1: on an exchange, you know, because this is going to
Speaker 1: make the news and circlate and so forth. In addition,
Speaker 1: some people are reporting here, like James Sayferd of Bloomberg
Speaker 1: that the light coin ETF is also going to go
Speaker 1: live tomorrow. It seems h bar, ight cooin and the
Speaker 1: Salana ETF, so this is pretty wild.
Speaker 2: Yeah.
Speaker 1: Even Eleanor Tarot is saying Canary Fund Spot, h Bar
Speaker 1: and like cooin ETFs are now effective, and we'll begin
Speaker 1: trading on the Nasdaq tomorrow, according to CEO Stephen mcclerk.
Speaker 1: So wow, wow, right, folks, huge And again XRP holders,
Speaker 1: be patient. You know it's coming, right. XRP has a
Speaker 1: ton of ETOs, so it will happen, so just be patient.
Speaker 2: Guys, look at this news.
Speaker 1: Western Union is piloting stable coin settlement rails to speed
Speaker 1: up cross border payments and cut reliance on Swift. My gosh, guys,
Speaker 1: I've been here since twenty sixteen and I remember people
Speaker 1: spreading fud and all the nonsense coming from TRADFI and
Speaker 1: now they're all adopting the technology. And I hope that
Speaker 1: some of you are recognizing what's happening here and you're
Speaker 1: not sitting on the fence, still confused, but realizing blockchain
Speaker 1: rails will power the economy, the markets, and the governments.
Speaker 1: And it will take time for these things to be
Speaker 1: built out, but this is where you have the opportunity
Speaker 1: to take your bets early.
Speaker 2: Now.
Speaker 1: You want to be smart. You don't want to buy
Speaker 1: the top of markets. You don't want to buy into humps.
Speaker 1: You want to buy when it is blood on the streets,
Speaker 1: so you can maximize your return.
Speaker 2: Right.
Speaker 1: This applies for the stock market as well, so you know,
Speaker 1: do your research, take your time, and obviously the time
Speaker 1: to buy is when people are fearful and his blood
Speaker 1: on the streets. All right, here's another example of tradi
Speaker 1: fi bending the knee. IBM's digital asset Haven aims to
Speaker 1: turn crypto into corporate infrastructure. So IBM has been in
Speaker 1: the blockchain space for a while, but it looks like
Speaker 1: they're expanding here. They try to do hyper ledger fabric,
Speaker 1: you know, a private permission blockchain. But then eventually a
Speaker 1: lot of these guys realize public blockchains in a way
Speaker 1: that if you want to get mass adoption, you got
Speaker 1: to use public blockchains. Nothing wrong with having a private blockchain,
Speaker 1: but you got it connect it to a public blockchain,
Speaker 1: because who the hell is going to trust your private blockchain? Right, So,
Speaker 1: technology giant IBM launched a cryptocurrency platform for US institutions,
Speaker 1: marking one of the company's strongest pushes yet into digital
Speaker 1: assets and blockchain infrastructure. IBM's platform will offer US businesses
Speaker 1: and government's crypto custody and payment services by the end
Speaker 1: of the year, aiming to simplify the integration of digital
Speaker 1: assets into the existing financial infrastructure. The new platform, called
Speaker 1: Digital Assets Haven, will enable institutions to directly access on
Speaker 1: chain yield from decentralized finance protocols across forty blockchain networks.
Speaker 1: It will also help meet the complex token compliance needs
Speaker 1: of institutions operating under the same platform. So look at that, guys,
Speaker 1: you're opening up DeFi across forty public blockchain networks. This
Speaker 1: is IBM we're talking about here, right, This is incredible.
Speaker 1: This just blows my mind, along with the Citybank news. Right,
Speaker 1: it's just amazing to see the capitulation and the adoption here.
Speaker 1: So the platform is expected to launch as a software
Speaker 1: as a service SaaS offering in the fourth quarter of
Speaker 1: twenty twenty five. According to an IBM announcement Monday, it
Speaker 1: was built in collaboration with crypto wallet provider DFNS. I've
Speaker 1: never heard of DNS, but this is incredible news. Very bullish, folks.
Speaker 1: So more on ramps to bring in institutional capital and
Speaker 1: even retail capital. Final news item, Clearbank to become one
Speaker 1: of the first EU banks to join Circle Payments networks.
Speaker 1: So the banks around the globe are capitulating and adopting
Speaker 1: crypto so Clearbank, a cloud based clearing bank based in
Speaker 1: the UK, has formed a strategic partnership with Circle, the
Speaker 1: issuer of USDC, the second largest stable coin by market capitalization.
Speaker 1: Clearbank signed a strategic framework agreement with a subsidiary of
Speaker 1: Circle Internet Group to cooperate on several stable coin related
Speaker 1: initiatives in the European market. The company announced on Monday.
Speaker 1: The collaboration aims to scale access to circles USDC n EURC,
Speaker 1: which is the eurost coin, through Circle Mint, a service
Speaker 1: that allows authorized financial institutions and partners to create and
Speaker 1: redeem tokens directly on the blockchain. As part of the agreement,
Speaker 1: clear Bank also plans to become one of the first
Speaker 1: European banks to join the Circle Payments network, which connects
Speaker 1: financial institutions and utilizes stable coins like USDC and EERC
Speaker 1: to facilitate fast and secure transactions. Incredible, folks, incredible what
Speaker 1: is happening here? The adoption by these massive institutions. But
Speaker 1: if you look at let's say social media or crypto Twitter,
Speaker 1: people are depressed.
Speaker 2: People are saying bear markets here.
Speaker 1: The top is in, it's over right, and institutions are
Speaker 1: building and adopting and informing partnerships because they have the
Speaker 1: macro view. And this is where you want to not
Speaker 1: be dumb money. You want to be smart money. Operate
Speaker 1: like smart money, right, folks, So we are seeing option
Speaker 1: at an incredible rate. This is so bullish, And share
Speaker 1: some of these news items. Share the City Bank news
Speaker 1: item and much more of IBM. To the skeptics out there,
Speaker 1: people who say this is all a scam, it's a ponzi, right,
Speaker 1: they don't realize that they may have seen a headline,
Speaker 1: they haven't taken the next step to see what's actually
Speaker 1: being built and educate themselves. So, guys, I'm so bullish
Speaker 1: when I see stuff like this. I know this is
Speaker 1: going to usher in more capital, more people on chain.
Speaker 1: This acid class is so young compared to the others.
Speaker 1: And we're still you know, in that s curve adoption model,
Speaker 1: we're still on the rise here. We have not hit
Speaker 1: the peak clearly, right, all right, folks, that's the news.
Speaker 1: Let me know what you think. Leave your thoughts and
Speaker 1: comments below, hit the thumbs up button.
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Speaker 1: Thank you so much for tuning in. I appreciate you all,
Speaker 1: and I'll talk to you all later