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<v Speaker 1>Hey everybody, Welcome into the Thinking Crypto podcast. You're home

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<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward.

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<v Speaker 1>On your way in. Please let that subscribe button as

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<v Speaker 1>well as the thumbs up button and leave a comment below.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a five star rating and review. Folks.

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<v Speaker 1>I apologize ahead of time for my voice if it

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<v Speaker 1>sounds a bit different a week. I am recovering from

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<v Speaker 1>a summer flu, been under the weather for the past

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<v Speaker 1>couple of days. But I got some very big and

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<v Speaker 1>significant news I want to share with you all. First,

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<v Speaker 1>let's kick it off with bitcoin, because we are seeing

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<v Speaker 1>a bit of an uptick. Bitcoin trading over one hundred

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<v Speaker 1>and eleven thousand dollars once again. Now is this the

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<v Speaker 1>start of the recovery? Well, we have to wait and see.

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<v Speaker 1>I always tell you guys, we have to wait for

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<v Speaker 1>confirmation because the market can easily fake us out. It

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<v Speaker 1>has faked us out many times. But some good things

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<v Speaker 1>we are seeing is that bitcoin is near that over

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<v Speaker 1>soul zone. The mac D on the daily chart is

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<v Speaker 1>showing the bears are losing momentum and that the bulls

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<v Speaker 1>are going to gain control very soon. So I think

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<v Speaker 1>the flip is coming very soon where we're going to

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<v Speaker 1>see the start of the next major rally. So just

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<v Speaker 1>be patient, guys, because things are moving in the right direction.

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<v Speaker 1>As we've been talking about, the macro bull market thesis

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<v Speaker 1>has not been invalidated. This thing is still in play.

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<v Speaker 1>We are still in a bullmarket. The other factor is

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<v Speaker 1>that the sentiment has now flipped to fear. So as

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<v Speaker 1>we've been talking about, the whales are doing their job.

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<v Speaker 1>If you feel fear, you feel angry, frustrated, then they're

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<v Speaker 1>doing their job to try to shake you out of

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<v Speaker 1>the market. But we do not want to operate by

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<v Speaker 1>our emotions. We want to look at the data and folks,

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<v Speaker 1>what we've seen is when that RSI for bitcoin and

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<v Speaker 1>even other all coins is in the over soul zone

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<v Speaker 1>and the sentiment is in fear, We've seen this story before,

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<v Speaker 1>it leads to another major rally. So the setup here

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<v Speaker 1>is very very good. So let's be patient, guys, And

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<v Speaker 1>then you have the dollar continuing to weaken. Bitcoin dominance

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<v Speaker 1>also has been on a down trend. It's seeing a

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<v Speaker 1>little bit of an uptick here, but I don't expect

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<v Speaker 1>that to last. I think that's going to continue to

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<v Speaker 1>go down stable coin dominance, USDT dominance to be specific,

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<v Speaker 1>also in a down trend. And I've been telling you guys,

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<v Speaker 1>once this thing breaks four percent, it's going to be fireworks.

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<v Speaker 1>And we head down to let's say the three zero

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<v Speaker 1>point seven zero percent or so that baseline level support

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<v Speaker 1>levels we've seen before. Like I said, it's going to

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<v Speaker 1>be fireworks. So things are setting up beautifully here. I

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<v Speaker 1>love what analyst Crypto Wizards share today with the total

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<v Speaker 1>two chart here showing that the cycle isn't different, is

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<v Speaker 1>what he said. Total two is training within a similar

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<v Speaker 1>structure to its previous bull cycles. After the arc comes

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<v Speaker 1>the flag, talking about bullflag. After the flag comes all

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<v Speaker 1>season patients pays. So this is where you really cut

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<v Speaker 1>your teeth in the market in learning the cycles, learning

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<v Speaker 1>the charts, learning all the signals and metrics. And you

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<v Speaker 1>don't have to be an expert like I am, by

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<v Speaker 1>no means an expert. I can't go work on Wall Street,

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<v Speaker 1>but I know enough to navigate the markets to make

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<v Speaker 1>sure I'm basing my thesis on facts, not feelings or

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<v Speaker 1>emotions or fairy tales. But what story is the data

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<v Speaker 1>telling us right that we are still in a bull

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<v Speaker 1>market and that there's still room to go here. So

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<v Speaker 1>things are in a very good place, all right. We

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<v Speaker 1>got some very big news folks here. Eleanor Tarrett reported,

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<v Speaker 1>in a rare show of unity, the SEC and CFTC

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<v Speaker 1>staff just issued a joint statement clarifying that the SEC

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<v Speaker 1>and CFDC registered exchanges are not prohibited from facilitating the

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<v Speaker 1>trading of certain spot crypto asset products. SEC Chair Paul

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<v Speaker 1>Atkins said market participants should have the freedom to choose

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<v Speaker 1>where they trade spot crypto assets. CFDC Acting Chair Caroline

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<v Speaker 1>fam said, under the prior administration, our agency sent mixed

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<v Speaker 1>signals about regulation and compliance in digital asset markets, but

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<v Speaker 1>the message was clear innovation was not welcome. That chapter

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<v Speaker 1>is over, so very big statements from both chairs there

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<v Speaker 1>and Eleanor added the move marks a major step in

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<v Speaker 1>the agency's Project Crypto and Crypto Sprint initiatives aimed at

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<v Speaker 1>coordinating oversight while expanding venue choice and optionality for the

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<v Speaker 1>US market participants. Now. Matthew Siegel of van X said

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<v Speaker 1>the following the New York Stock Exchange, DASDAC, CBOE, CME, Etc.

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<v Speaker 1>Will soon have spot trading for bitcoin Ethan more, he's

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<v Speaker 1>spot on. So this opens up the full gambit of

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<v Speaker 1>the markets and exchanges, so even stock exchanges to be

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<v Speaker 1>able to list crypto assets and spot that is incredible,

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<v Speaker 1>my OG subscribers, Remember we were talking about this in

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<v Speaker 1>twenty eighteen and twenty nineteen, that crypto would become this

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<v Speaker 1>fully regulated asset class listed on stock exchanges. All the

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<v Speaker 1>major brokerages and firms like your Charlie Schwab and all

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<v Speaker 1>these guys would eventually come around, and it's happening. It's amazing.

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<v Speaker 1>So if you've been patient, buying the dip and holding,

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<v Speaker 1>your patients will be rewarded because we are entering new

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<v Speaker 1>ground here, we're breaking new ground. This is incredible. So

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<v Speaker 1>the clarity is there from the two major agencies, the

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<v Speaker 1>SEC and the CFDC, there's nothing holding back these firms,

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<v Speaker 1>and on the banking sector to FED and OCC have

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<v Speaker 1>loosened the restrictions so there are once again nothing holding

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<v Speaker 1>these firms back. And folks, this is going to lead

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<v Speaker 1>to more capital coming into the market, higher prices and

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<v Speaker 1>valuations for these respective assets. So again, be patient, your

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<v Speaker 1>patients will be rewarded big things are coming here. This

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<v Speaker 1>episode is brought to you by v Chain. V chain

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<v Speaker 1>is one of the top layer one enterprise blockchains in

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<v Speaker 1>the crypto asset class and they are getting adoption by

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<v Speaker 1>many big brands and companies around the world are building

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<v Speaker 1>Web three and decentralized application technologies. I've been a VET

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<v Speaker 1>token holder for many years. In fact, I started investing

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<v Speaker 1>in v chain back in twenty eighteen, and some of

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<v Speaker 1>the key features of the v chain blockchain includes its secure, affordable, scalable, fast,

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<v Speaker 1>and sustainable. Some of the companies and brands working with

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<v Speaker 1>vchain include Jivon, Chi, Walmart, China, BMW, Boston Consulting Group,

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<v Speaker 1>and many more. Most recently, they partnered with Dana White

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<v Speaker 1>in the UFC and Dana White even said recently that

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<v Speaker 1>he purchased over a million dollars of the VET token

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<v Speaker 1>and vchain also recently launched staking where you can stake

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<v Speaker 1>the VET token and earn great rewards. So if you'd

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<v Speaker 1>like to learn more about vchain, go to vchain dot org.

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<v Speaker 1>Link will be in the description. Now, this news is

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<v Speaker 1>kind of crazy, I have to let you guys know

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<v Speaker 1>about it. We got Governor Gavin Newsom California's governor saying

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<v Speaker 1>he's going to launch a mean coin to challenge Trump's

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<v Speaker 1>meme coin, which is Trump of course. Now this is crazy.

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<v Speaker 1>I tweeted out about it today. Can we ban all

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<v Speaker 1>elected officials some launching mean coins, including the President? You

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<v Speaker 1>guys know, I've been on records saying that I don't

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<v Speaker 1>have a problem with President Trump's family is kids operating crypto,

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<v Speaker 1>and they want to launch businesses or be part of

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<v Speaker 1>otter crypto businesses, that's fine. But the mean coin, I

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<v Speaker 1>am not a fan of that. I don't believe any

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<v Speaker 1>elected official should have that. And unfortunately, it looks like

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<v Speaker 1>this thing is starting to get out of hand because

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<v Speaker 1>Newsom wants to launch his own meme coin. These things

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<v Speaker 1>are not going to end well for people who don't

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<v Speaker 1>know better and they go buy these meme coins, it's

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<v Speaker 1>really not going to end well. Meme coins are very

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<v Speaker 1>vaulta and you can easily lose your money. And I

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<v Speaker 1>don't know who else is going to launch, but can

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<v Speaker 1>you imagine a whole bunch of politicians doing this. It's

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<v Speaker 1>a recipe for disaster. So my hope is there's some

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<v Speaker 1>sort of ban on these things again. I'm not saying

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<v Speaker 1>that you ban meme coins altogether, because I believe in

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<v Speaker 1>the free market, but elected officials who are serving the

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<v Speaker 1>public should not have this. And I don't care if

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<v Speaker 1>you love Trump or whatever. This is not about Trump specifically,

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<v Speaker 1>as it is about the principle of it that whether

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<v Speaker 1>you're a Democrat, Republican, independent, whoever, you should not have

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<v Speaker 1>something like this. So watch out, Gavin Newsome coin is coming.

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<v Speaker 1>I don't know what to make of it now, speaking

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<v Speaker 1>of Trump and his family, we're Liberty Financial. You know,

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<v Speaker 1>they released their tokens and you know it had the

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<v Speaker 1>typical pump and then a big rug pull. I'm not

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<v Speaker 1>saying the project's a scam, but a lot of people

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<v Speaker 1>were calling it out, saying a lot of insiders probably

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<v Speaker 1>benefited significantly from it. Look, I don't know, but this

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<v Speaker 1>this is why I am not invested in it, because

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<v Speaker 1>one of the things I said was I don't know

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<v Speaker 1>who the developers are on here. For most projects, you

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<v Speaker 1>can at least you know hear from some of the

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<v Speaker 1>developers and the people working on it, And outside of

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<v Speaker 1>just marketing, you have people who are talking about the

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<v Speaker 1>core mission and what they're trying to do, and I

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<v Speaker 1>decided not to invest in it. And look that's working

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<v Speaker 1>out so far. I didn't get pumped and dumped, right

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<v Speaker 1>and look, this project could continue to grow, but again,

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<v Speaker 1>you got to do your research. And I would rather

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<v Speaker 1>invest in other projects that have been around for a while.

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<v Speaker 1>And I think many of you know me by now.

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<v Speaker 1>I don't worship politicians or whatever. I could care less do.

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<v Speaker 1>I vote, of course, I vote, but there's a balance

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<v Speaker 1>to everything. And some people are very much crazy about

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<v Speaker 1>politics and politicians. They worship politicians. I don't do stuff

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<v Speaker 1>like that. So you know, someone are going to go

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<v Speaker 1>blindly invest in these tokens and unfortunately they may pay

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<v Speaker 1>the price. And so far, you know, we're Liberty Financial

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<v Speaker 1>had a lot of pullback, guys, but this is part

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<v Speaker 1>for the course, all right. Moving ahead, the crypto ipo

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<v Speaker 1>market heats up with figure seeking five hundred million dollars

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<v Speaker 1>in Gemini for three hundred million dollars. So we recently

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<v Speaker 1>heard about Gemini filing with the SEC to try to

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<v Speaker 1>do an ipo. So we're getting some more details around this,

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<v Speaker 1>and folks, this is a validation that we are still

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<v Speaker 1>in the bull market. No one does an ipo in

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<v Speaker 1>a bear market or if the top is in, right,

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<v Speaker 1>these guys have room full of analysts who are going

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<v Speaker 1>through these things. The banks they're working on to do

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<v Speaker 1>the deals for the IPO. They're not going to say, oh, guys, okay,

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<v Speaker 1>the market is over, let's go do an IPO. They're

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<v Speaker 1>gonna do this when there's a lot of liquidity and

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<v Speaker 1>people are still bullish and able to invest. Right, let's

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<v Speaker 1>be serious here, right, So this is very interesting and

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<v Speaker 1>further validation the bull markets here. So both firms updated

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<v Speaker 1>their IPO filings on Tuesday, revealing how much they hope

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<v Speaker 1>to raise. Very interesting look at this. X Stocks launches

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<v Speaker 1>on Etheroreum with sixty tokenized stocks, including Navidia and Tesla.

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<v Speaker 1>So x Stocks they have been doing a lot of

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<v Speaker 1>tokenization of stocks and they're a token is stock product

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<v Speaker 1>owned by back to Finance, and they're launching an etherorem

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<v Speaker 1>They had previously launched on Solana, BnB Chain and tron

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<v Speaker 1>and now they're expanding to Etheroreum. So, folks, I hope

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<v Speaker 1>you see what's happening here. The tokenization race is heating

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<v Speaker 1>up and a lot of crypto exchanges are trying to participate.

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<v Speaker 1>And they're trying to tokenize the top stocks. So it's

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<v Speaker 1>pretty incredible, guys. It's heating up. And this is the

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<v Speaker 1>future everything running on blockchain, the economies, the markets, and

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<v Speaker 1>the governments, and they're going to tokenize you know, a

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<v Speaker 1>lot of the top assets such as real estate, precious metals,

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<v Speaker 1>and of course stocks. So this this is the future. Now,

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<v Speaker 1>Solana's alpin Glow upgrade clear as governance vote for implementation.

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<v Speaker 1>So some big updates here for Solana. After a two

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<v Speaker 1>week governance process in which more than half of validator's

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<v Speaker 1>cast votes, Solana is said to be upgraded using the

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<v Speaker 1>alpen Glow consensus protocol. According to the results of the

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<v Speaker 1>governance process released on Tuesday, more than night ty eight

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<v Speaker 1>percent voted yes to approve the new consensus protocol for Solana,

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<v Speaker 1>with a fifty two percent stake participating. The oup and

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<v Speaker 1>Glow upgrade is expected to reduce the transaction finality to

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<v Speaker 1>one hundred and fifty milliseconds from more than twelve seconds,

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<v Speaker 1>significantly overhauling the system. Here's a quote. At these speeds,

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<v Speaker 1>Solana could realize Web two level responsiveness with L one finality,

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<v Speaker 1>unlocking new use cases that require both speed and cryptography certainty,

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<v Speaker 1>said the Salona Foundation in and August twenty first blog post,

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<v Speaker 1>adding the compounding effect of these initiatives and the many

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<v Speaker 1>others in the Solana ecosystem is financial infrastructure that operates

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<v Speaker 1>at Internet speed. This is really big for Solana. So

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<v Speaker 1>I'm a big believer. In fact, you know, years ago

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<v Speaker 1>Solana had a lot of downtime. They have not had

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<v Speaker 1>any downtime, you know, significant ones recently, so this is

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<v Speaker 1>good and they're making the proper upgrades. This is what

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<v Speaker 1>you want to see. I've often talked about, you know,

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<v Speaker 1>there's further iteration needed for many of these blockchains. We

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<v Speaker 1>are really in what one could call the web one

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<v Speaker 1>of crypto, if you know, you look at the web

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<v Speaker 1>one of the internet, dial up clunky and needed further iteration,

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<v Speaker 1>and we eventually went to broadband and we had faster

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<v Speaker 1>wireless networks. So we're going to get to you know,

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<v Speaker 1>that level of infrastructure and speed and settlement and so

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<v Speaker 1>forth eventually, but it's going to take time, right And

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<v Speaker 1>this is where though we as early adopters, we can

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<v Speaker 1>really benefit because we're getting in early ahead of the

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<v Speaker 1>mass adoption and the infrastructure being set up to where

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<v Speaker 1>billions of people could come on board. So this is

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<v Speaker 1>where we have to do our research right and we

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<v Speaker 1>have to stay up to date with what's happening. That's

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<v Speaker 1>what I'm trying to do here and help you guys

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<v Speaker 1>do on this podcast. But this is really great for Solana.

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<v Speaker 1>I do hold a soul token. I'm sure many of

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<v Speaker 1>you do as well. And the increasing the speed and

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<v Speaker 1>the finality is really great. So really really great stuff here. Now.

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<v Speaker 1>In a recent podcast, I believe the one on Sunday,

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<v Speaker 1>I told you guys about Elon Musk's lawyer participating with

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<v Speaker 1>a company that is going to be launching a dogecoin

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<v Speaker 1>treasury strategy. Well we got details who or what that

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<v Speaker 1>company is. Clean Core plunges sixty percent after unveiling one

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<v Speaker 1>hundred and seventy five million dollar doge coin treasury strategy.

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<v Speaker 1>Doesn't seem the market is happy with this sixty percent? Wow?

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<v Speaker 1>What a mess. So clean Core Solutions, a Nebraska based

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<v Speaker 1>maker of aqueous ozone cleaning systems, saw its shares plunge

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<v Speaker 1>over sixty percent Tuesday after announcing plans to become a

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<v Speaker 1>dogecoin treasury company. What a mess. So the company disclosed

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<v Speaker 1>one hundred and seventy five million dollar private placement backed

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<v Speaker 1>by over eighty institutional and cryptonative investors, including Pantera, GSR,

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<v Speaker 1>Falcon Exit more or less. Wow, So, folks, you know,

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<v Speaker 1>one of the things I stated when I read the

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<v Speaker 1>news and we didn't know who the company was, I said,

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<v Speaker 1>that was very risky. You know, do you want to

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<v Speaker 1>have a meme coin as a treasury asset? Even if

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<v Speaker 1>it's dose coin with a huge brand, there's no utility.

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<v Speaker 1>There's network effects, right, Don't get me wrong. There's network

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<v Speaker 1>effects with the branding and adoption by merchants, but outside

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<v Speaker 1>of people having fun with it and just using it

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<v Speaker 1>to spend it here and there, there's nothing else happening.

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<v Speaker 1>So that right there, I think is a flawed strategy

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<v Speaker 1>to try to use this asset as though it was

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<v Speaker 1>bitcoin or a ethereum or Salona or XRP. So clearly

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<v Speaker 1>the market things that this is not a good IDEA

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<v Speaker 1>sixty percent plunge, that's crazy, but hey, you know, maybe

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<v Speaker 1>maybe they can recover this if the market starts pumping

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<v Speaker 1>and dose starts making you all time highs, which I

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<v Speaker 1>think is could based on the charts. But at the

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<v Speaker 1>end of the day, they are taking a very risky

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<v Speaker 1>bet because again this is very different from holding bitcoin

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<v Speaker 1>or ether or something like that. Now, moving ahead coin

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<v Speaker 1>based equity futures to blend MAG seven stocks with crypto ETFs,

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<v Speaker 1>this is interesting. So coin based derivatives will be launching

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<v Speaker 1>equity index features on September twenty second, expanding beyond single

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<v Speaker 1>acid offerings. The MAG seven plus crypto equity index features

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<v Speaker 1>combine the performance of tech heavyweights and bitcoin and ether ETFs.

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<v Speaker 1>The index will be evenly weighted and rebalanced quarterly, with

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<v Speaker 1>market Vector serving as a provider. This is an interesting mix,

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<v Speaker 1>but I think a sign of things to come where

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<v Speaker 1>you have this convergence of trad fy in the crypto market.

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<v Speaker 1>You know, earlier we were talking about token ised stocks,

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<v Speaker 1>So it's going to be fascinating to see how these

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<v Speaker 1>things can converge, in what new products and things are

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<v Speaker 1>launched around it, and how investors navigate it. One thing's

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<v Speaker 1>for sure, the tokenized markets will open up new investing

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<v Speaker 1>opportunities globally to people who couldn't access the stock market

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<v Speaker 1>and certain assets and allow for these assets to trade

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<v Speaker 1>twenty four to seven. So this is an interesting move

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<v Speaker 1>by Quinbase, but a smart one because I think they're

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<v Speaker 1>getting ahead of the curve. They see the writing on

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<v Speaker 1>the wall and what's coming so very very interesting. And

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<v Speaker 1>as always, game theory will play out, their competitors will follow.

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<v Speaker 1>No one will want to get left behind and launch

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<v Speaker 1>similar products. So, folks, that's the news. Let me know

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<v Speaker 1>what you think. Hopefully my voice wasn't too bad for

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<v Speaker 1>you guys again recovering from the summer flu here, but

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<v Speaker 1>I hope you see the big news. The sec CFTC

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<v Speaker 1>news was the big one, right. I think that's incredible,

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<v Speaker 1>allows Spot crypto to be traded on stock exchanges and

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<v Speaker 1>much more. Just amazing, amazing stuff. So hang in there, folks,

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<v Speaker 1>bull market's not over. Remember, if you're starting to feel

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<v Speaker 1>angry or emotional, whatever, the whales are doing their job.

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<v Speaker 1>They're messing with your head. So let's stick to the

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<v Speaker 1>data and the facts and the signals and try our

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<v Speaker 1>best to navigate these markets. Folks. A great way you

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<v Speaker 1>can support me in the podcast is by subscribing to

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<v Speaker 1>my free email newsletter. It is one hundred percent free.

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<v Speaker 1>It's on Substack. Also check out my book on Amazon.

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<v Speaker 1>It's available in paperback in Digital and my course at

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<v Speaker 1>Mycrypto course dot com. This is a comprehensive course that

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<v Speaker 1>teaches you every aspect of crypto. Knowledge is power. Expand

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<v Speaker 1>your knowledge about this technology and asset class. Go to

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<v Speaker 1>Mycrypto course dot com. Folks, all the links will be

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<v Speaker 1>in a description. Thank you so much for watching and listening.

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

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<v Speaker 1>later