Speaker 1: Hey everybody, Welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please let that subscribe button as
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Speaker 1: I apologize ahead of time for my voice if it
Speaker 1: sounds a bit different a week. I am recovering from
Speaker 1: a summer flu, been under the weather for the past
Speaker 1: couple of days. But I got some very big and
Speaker 1: significant news I want to share with you all. First,
Speaker 1: let's kick it off with bitcoin, because we are seeing
Speaker 1: a bit of an uptick. Bitcoin trading over one hundred
Speaker 1: and eleven thousand dollars once again. Now is this the
Speaker 1: start of the recovery? Well, we have to wait and see.
Speaker 1: I always tell you guys, we have to wait for
Speaker 1: confirmation because the market can easily fake us out. It
Speaker 1: has faked us out many times. But some good things
Speaker 1: we are seeing is that bitcoin is near that over
Speaker 1: soul zone. The mac D on the daily chart is
Speaker 1: showing the bears are losing momentum and that the bulls
Speaker 1: are going to gain control very soon. So I think
Speaker 1: the flip is coming very soon where we're going to
Speaker 1: see the start of the next major rally. So just
Speaker 1: be patient, guys, because things are moving in the right direction.
Speaker 1: As we've been talking about, the macro bull market thesis
Speaker 1: has not been invalidated. This thing is still in play.
Speaker 1: We are still in a bullmarket. The other factor is
Speaker 1: that the sentiment has now flipped to fear. So as
Speaker 1: we've been talking about, the whales are doing their job.
Speaker 1: If you feel fear, you feel angry, frustrated, then they're
Speaker 1: doing their job to try to shake you out of
Speaker 1: the market. But we do not want to operate by
Speaker 1: our emotions. We want to look at the data and folks,
Speaker 1: what we've seen is when that RSI for bitcoin and
Speaker 1: even other all coins is in the over soul zone
Speaker 1: and the sentiment is in fear, We've seen this story before,
Speaker 1: it leads to another major rally. So the setup here
Speaker 1: is very very good. So let's be patient, guys, And
Speaker 1: then you have the dollar continuing to weaken. Bitcoin dominance
Speaker 1: also has been on a down trend. It's seeing a
Speaker 1: little bit of an uptick here, but I don't expect
Speaker 1: that to last. I think that's going to continue to
Speaker 1: go down stable coin dominance, USDT dominance to be specific,
Speaker 1: also in a down trend. And I've been telling you guys,
Speaker 1: once this thing breaks four percent, it's going to be fireworks.
Speaker 1: And we head down to let's say the three zero
Speaker 1: point seven zero percent or so that baseline level support
Speaker 1: levels we've seen before. Like I said, it's going to
Speaker 1: be fireworks. So things are setting up beautifully here. I
Speaker 1: love what analyst Crypto Wizards share today with the total
Speaker 1: two chart here showing that the cycle isn't different, is
Speaker 1: what he said. Total two is training within a similar
Speaker 1: structure to its previous bull cycles. After the arc comes
Speaker 1: the flag, talking about bullflag. After the flag comes all
Speaker 1: season patients pays. So this is where you really cut
Speaker 1: your teeth in the market in learning the cycles, learning
Speaker 1: the charts, learning all the signals and metrics. And you
Speaker 1: don't have to be an expert like I am, by
Speaker 1: no means an expert. I can't go work on Wall Street,
Speaker 1: but I know enough to navigate the markets to make
Speaker 1: sure I'm basing my thesis on facts, not feelings or
Speaker 1: emotions or fairy tales. But what story is the data
Speaker 1: telling us right that we are still in a bull
Speaker 1: market and that there's still room to go here. So
Speaker 1: things are in a very good place, all right. We
Speaker 1: got some very big news folks here. Eleanor Tarrett reported,
Speaker 1: in a rare show of unity, the SEC and CFTC
Speaker 1: staff just issued a joint statement clarifying that the SEC
Speaker 1: and CFDC registered exchanges are not prohibited from facilitating the
Speaker 1: trading of certain spot crypto asset products. SEC Chair Paul
Speaker 1: Atkins said market participants should have the freedom to choose
Speaker 1: where they trade spot crypto assets. CFDC Acting Chair Caroline
Speaker 1: fam said, under the prior administration, our agency sent mixed
Speaker 1: signals about regulation and compliance in digital asset markets, but
Speaker 1: the message was clear innovation was not welcome. That chapter
Speaker 1: is over, so very big statements from both chairs there
Speaker 1: and Eleanor added the move marks a major step in
Speaker 1: the agency's Project Crypto and Crypto Sprint initiatives aimed at
Speaker 1: coordinating oversight while expanding venue choice and optionality for the
Speaker 1: US market participants. Now. Matthew Siegel of van X said
Speaker 1: the following the New York Stock Exchange, DASDAC, CBOE, CME, Etc.
Speaker 1: Will soon have spot trading for bitcoin Ethan more, he's
Speaker 1: spot on. So this opens up the full gambit of
Speaker 1: the markets and exchanges, so even stock exchanges to be
Speaker 1: able to list crypto assets and spot that is incredible,
Speaker 1: my OG subscribers, Remember we were talking about this in
Speaker 1: twenty eighteen and twenty nineteen, that crypto would become this
Speaker 1: fully regulated asset class listed on stock exchanges. All the
Speaker 1: major brokerages and firms like your Charlie Schwab and all
Speaker 1: these guys would eventually come around, and it's happening. It's amazing.
Speaker 1: So if you've been patient, buying the dip and holding,
Speaker 1: your patients will be rewarded because we are entering new
Speaker 1: ground here, we're breaking new ground. This is incredible. So
Speaker 1: the clarity is there from the two major agencies, the
Speaker 1: SEC and the CFDC, there's nothing holding back these firms,
Speaker 1: and on the banking sector to FED and OCC have
Speaker 1: loosened the restrictions so there are once again nothing holding
Speaker 1: these firms back. And folks, this is going to lead
Speaker 1: to more capital coming into the market, higher prices and
Speaker 1: valuations for these respective assets. So again, be patient, your
Speaker 1: patients will be rewarded big things are coming here. This
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Speaker 1: Link will be in the description. Now, this news is
Speaker 1: kind of crazy, I have to let you guys know
Speaker 1: about it. We got Governor Gavin Newsom California's governor saying
Speaker 1: he's going to launch a mean coin to challenge Trump's
Speaker 1: meme coin, which is Trump of course. Now this is crazy.
Speaker 1: I tweeted out about it today. Can we ban all
Speaker 1: elected officials some launching mean coins, including the President? You
Speaker 1: guys know, I've been on records saying that I don't
Speaker 1: have a problem with President Trump's family is kids operating crypto,
Speaker 1: and they want to launch businesses or be part of
Speaker 1: otter crypto businesses, that's fine. But the mean coin, I
Speaker 1: am not a fan of that. I don't believe any
Speaker 1: elected official should have that. And unfortunately, it looks like
Speaker 1: this thing is starting to get out of hand because
Speaker 1: Newsom wants to launch his own meme coin. These things
Speaker 1: are not going to end well for people who don't
Speaker 1: know better and they go buy these meme coins, it's
Speaker 1: really not going to end well. Meme coins are very
Speaker 1: vaulta and you can easily lose your money. And I
Speaker 1: don't know who else is going to launch, but can
Speaker 1: you imagine a whole bunch of politicians doing this. It's
Speaker 1: a recipe for disaster. So my hope is there's some
Speaker 1: sort of ban on these things again. I'm not saying
Speaker 1: that you ban meme coins altogether, because I believe in
Speaker 1: the free market, but elected officials who are serving the
Speaker 1: public should not have this. And I don't care if
Speaker 1: you love Trump or whatever. This is not about Trump specifically,
Speaker 1: as it is about the principle of it that whether
Speaker 1: you're a Democrat, Republican, independent, whoever, you should not have
Speaker 1: something like this. So watch out, Gavin Newsome coin is coming.
Speaker 1: I don't know what to make of it now, speaking
Speaker 1: of Trump and his family, we're Liberty Financial. You know,
Speaker 1: they released their tokens and you know it had the
Speaker 1: typical pump and then a big rug pull. I'm not
Speaker 1: saying the project's a scam, but a lot of people
Speaker 1: were calling it out, saying a lot of insiders probably
Speaker 1: benefited significantly from it. Look, I don't know, but this
Speaker 1: this is why I am not invested in it, because
Speaker 1: one of the things I said was I don't know
Speaker 1: who the developers are on here. For most projects, you
Speaker 1: can at least you know hear from some of the
Speaker 1: developers and the people working on it, And outside of
Speaker 1: just marketing, you have people who are talking about the
Speaker 1: core mission and what they're trying to do, and I
Speaker 1: decided not to invest in it. And look that's working
Speaker 1: out so far. I didn't get pumped and dumped, right
Speaker 1: and look, this project could continue to grow, but again,
Speaker 1: you got to do your research. And I would rather
Speaker 1: invest in other projects that have been around for a while.
Speaker 1: And I think many of you know me by now.
Speaker 1: I don't worship politicians or whatever. I could care less do.
Speaker 1: I vote, of course, I vote, but there's a balance
Speaker 1: to everything. And some people are very much crazy about
Speaker 1: politics and politicians. They worship politicians. I don't do stuff
Speaker 1: like that. So you know, someone are going to go
Speaker 1: blindly invest in these tokens and unfortunately they may pay
Speaker 1: the price. And so far, you know, we're Liberty Financial
Speaker 1: had a lot of pullback, guys, but this is part
Speaker 1: for the course, all right. Moving ahead, the crypto ipo
Speaker 1: market heats up with figure seeking five hundred million dollars
Speaker 1: in Gemini for three hundred million dollars. So we recently
Speaker 1: heard about Gemini filing with the SEC to try to
Speaker 1: do an ipo. So we're getting some more details around this,
Speaker 1: and folks, this is a validation that we are still
Speaker 1: in the bull market. No one does an ipo in
Speaker 1: a bear market or if the top is in, right,
Speaker 1: these guys have room full of analysts who are going
Speaker 1: through these things. The banks they're working on to do
Speaker 1: the deals for the IPO. They're not going to say, oh, guys, okay,
Speaker 1: the market is over, let's go do an IPO. They're
Speaker 1: gonna do this when there's a lot of liquidity and
Speaker 1: people are still bullish and able to invest. Right, let's
Speaker 1: be serious here, right, So this is very interesting and
Speaker 1: further validation the bull markets here. So both firms updated
Speaker 1: their IPO filings on Tuesday, revealing how much they hope
Speaker 1: to raise. Very interesting look at this. X Stocks launches
Speaker 1: on Etheroreum with sixty tokenized stocks, including Navidia and Tesla.
Speaker 1: So x Stocks they have been doing a lot of
Speaker 1: tokenization of stocks and they're a token is stock product
Speaker 1: owned by back to Finance, and they're launching an etherorem
Speaker 1: They had previously launched on Solana, BnB Chain and tron
Speaker 1: and now they're expanding to Etheroreum. So, folks, I hope
Speaker 1: you see what's happening here. The tokenization race is heating
Speaker 1: up and a lot of crypto exchanges are trying to participate.
Speaker 1: And they're trying to tokenize the top stocks. So it's
Speaker 1: pretty incredible, guys. It's heating up. And this is the
Speaker 1: future everything running on blockchain, the economies, the markets, and
Speaker 1: the governments, and they're going to tokenize you know, a
Speaker 1: lot of the top assets such as real estate, precious metals,
Speaker 1: and of course stocks. So this this is the future. Now,
Speaker 1: Solana's alpin Glow upgrade clear as governance vote for implementation.
Speaker 1: So some big updates here for Solana. After a two
Speaker 1: week governance process in which more than half of validator's
Speaker 1: cast votes, Solana is said to be upgraded using the
Speaker 1: alpen Glow consensus protocol. According to the results of the
Speaker 1: governance process released on Tuesday, more than night ty eight
Speaker 1: percent voted yes to approve the new consensus protocol for Solana,
Speaker 1: with a fifty two percent stake participating. The oup and
Speaker 1: Glow upgrade is expected to reduce the transaction finality to
Speaker 1: one hundred and fifty milliseconds from more than twelve seconds,
Speaker 1: significantly overhauling the system. Here's a quote. At these speeds,
Speaker 1: Solana could realize Web two level responsiveness with L one finality,
Speaker 1: unlocking new use cases that require both speed and cryptography certainty,
Speaker 1: said the Salona Foundation in and August twenty first blog post,
Speaker 1: adding the compounding effect of these initiatives and the many
Speaker 1: others in the Solana ecosystem is financial infrastructure that operates
Speaker 1: at Internet speed. This is really big for Solana. So
Speaker 1: I'm a big believer. In fact, you know, years ago
Speaker 1: Solana had a lot of downtime. They have not had
Speaker 1: any downtime, you know, significant ones recently, so this is
Speaker 1: good and they're making the proper upgrades. This is what
Speaker 1: you want to see. I've often talked about, you know,
Speaker 1: there's further iteration needed for many of these blockchains. We
Speaker 1: are really in what one could call the web one
Speaker 1: of crypto, if you know, you look at the web
Speaker 1: one of the internet, dial up clunky and needed further iteration,
Speaker 1: and we eventually went to broadband and we had faster
Speaker 1: wireless networks. So we're going to get to you know,
Speaker 1: that level of infrastructure and speed and settlement and so
Speaker 1: forth eventually, but it's going to take time, right And
Speaker 1: this is where though we as early adopters, we can
Speaker 1: really benefit because we're getting in early ahead of the
Speaker 1: mass adoption and the infrastructure being set up to where
Speaker 1: billions of people could come on board. So this is
Speaker 1: where we have to do our research right and we
Speaker 1: have to stay up to date with what's happening. That's
Speaker 1: what I'm trying to do here and help you guys
Speaker 1: do on this podcast. But this is really great for Solana.
Speaker 1: I do hold a soul token. I'm sure many of
Speaker 1: you do as well. And the increasing the speed and
Speaker 1: the finality is really great. So really really great stuff here. Now.
Speaker 1: In a recent podcast, I believe the one on Sunday,
Speaker 1: I told you guys about Elon Musk's lawyer participating with
Speaker 1: a company that is going to be launching a dogecoin
Speaker 1: treasury strategy. Well we got details who or what that
Speaker 1: company is. Clean Core plunges sixty percent after unveiling one
Speaker 1: hundred and seventy five million dollar doge coin treasury strategy.
Speaker 1: Doesn't seem the market is happy with this sixty percent? Wow?
Speaker 1: What a mess. So clean Core Solutions, a Nebraska based
Speaker 1: maker of aqueous ozone cleaning systems, saw its shares plunge
Speaker 1: over sixty percent Tuesday after announcing plans to become a
Speaker 1: dogecoin treasury company. What a mess. So the company disclosed
Speaker 1: one hundred and seventy five million dollar private placement backed
Speaker 1: by over eighty institutional and cryptonative investors, including Pantera, GSR,
Speaker 1: Falcon Exit more or less. Wow, So, folks, you know,
Speaker 1: one of the things I stated when I read the
Speaker 1: news and we didn't know who the company was, I said,
Speaker 1: that was very risky. You know, do you want to
Speaker 1: have a meme coin as a treasury asset? Even if
Speaker 1: it's dose coin with a huge brand, there's no utility.
Speaker 1: There's network effects, right, Don't get me wrong. There's network
Speaker 1: effects with the branding and adoption by merchants, but outside
Speaker 1: of people having fun with it and just using it
Speaker 1: to spend it here and there, there's nothing else happening.
Speaker 1: So that right there, I think is a flawed strategy
Speaker 1: to try to use this asset as though it was
Speaker 1: bitcoin or a ethereum or Salona or XRP. So clearly
Speaker 1: the market things that this is not a good IDEA
Speaker 1: sixty percent plunge, that's crazy, but hey, you know, maybe
Speaker 1: maybe they can recover this if the market starts pumping
Speaker 1: and dose starts making you all time highs, which I
Speaker 1: think is could based on the charts. But at the
Speaker 1: end of the day, they are taking a very risky
Speaker 1: bet because again this is very different from holding bitcoin
Speaker 1: or ether or something like that. Now, moving ahead coin
Speaker 1: based equity futures to blend MAG seven stocks with crypto ETFs,
Speaker 1: this is interesting. So coin based derivatives will be launching
Speaker 1: equity index features on September twenty second, expanding beyond single
Speaker 1: acid offerings. The MAG seven plus crypto equity index features
Speaker 1: combine the performance of tech heavyweights and bitcoin and ether ETFs.
Speaker 1: The index will be evenly weighted and rebalanced quarterly, with
Speaker 1: market Vector serving as a provider. This is an interesting mix,
Speaker 1: but I think a sign of things to come where
Speaker 1: you have this convergence of trad fy in the crypto market.
Speaker 1: You know, earlier we were talking about token ised stocks,
Speaker 1: So it's going to be fascinating to see how these
Speaker 1: things can converge, in what new products and things are
Speaker 1: launched around it, and how investors navigate it. One thing's
Speaker 1: for sure, the tokenized markets will open up new investing
Speaker 1: opportunities globally to people who couldn't access the stock market
Speaker 1: and certain assets and allow for these assets to trade
Speaker 1: twenty four to seven. So this is an interesting move
Speaker 1: by Quinbase, but a smart one because I think they're
Speaker 1: getting ahead of the curve. They see the writing on
Speaker 1: the wall and what's coming so very very interesting. And
Speaker 1: as always, game theory will play out, their competitors will follow.
Speaker 1: No one will want to get left behind and launch
Speaker 1: similar products. So, folks, that's the news. Let me know
Speaker 1: what you think. Hopefully my voice wasn't too bad for
Speaker 1: you guys again recovering from the summer flu here, but
Speaker 1: I hope you see the big news. The sec CFTC
Speaker 1: news was the big one, right. I think that's incredible,
Speaker 1: allows Spot crypto to be traded on stock exchanges and
Speaker 1: much more. Just amazing, amazing stuff. So hang in there, folks,
Speaker 1: bull market's not over. Remember, if you're starting to feel
Speaker 1: angry or emotional, whatever, the whales are doing their job.
Speaker 1: They're messing with your head. So let's stick to the
Speaker 1: data and the facts and the signals and try our
Speaker 1: best to navigate these markets. Folks. A great way you
Speaker 1: can support me in the podcast is by subscribing to
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Speaker 1: It's on Substack. Also check out my book on Amazon.
Speaker 1: It's available in paperback in Digital and my course at
Speaker 1: Mycrypto course dot com. This is a comprehensive course that
Speaker 1: teaches you every aspect of crypto. Knowledge is power. Expand
Speaker 1: your knowledge about this technology and asset class. Go to
Speaker 1: Mycrypto course dot com. Folks, all the links will be
Speaker 1: in a description. Thank you so much for watching and listening.
Speaker 1: I appreciate you all and I'll talk to you all
Speaker 1: later