Speaker 1: Hey everybody, 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 1: let's quickly take a look at the price of bitcoin,
Speaker 1: because bitcoin did have a pullback. It's currently trading at
Speaker 1: just over seventy thousand dollars. Now. From a chart perspective,
Speaker 1: things still look good, but we could see further downside
Speaker 1: tomorrow or into the weekend, and it could invalidate a
Speaker 1: lot of things. Right now, there's higher highs and higher
Speaker 1: lows that are forming. Bitcoin is in the middle as
Speaker 1: far as the artist size concern. It's away from the
Speaker 1: oversouled and it's also away from the overbought. So there
Speaker 1: is kind of a crossroads here of what Bitcoin may
Speaker 1: want to do. So we want to see a reversal
Speaker 1: pretty soon, guys, because the bull based on the MACD
Speaker 1: are losing control on the daily chart, so let's see
Speaker 1: how it plays out again. The higher highs and higher
Speaker 1: lows are still playing out here for this relief rally again,
Speaker 1: not a move to new all time highs, just simply
Speaker 1: a relief rally. Something that is not a good sign.
Speaker 1: Jim Kramer today tweeted out, it is very over sould
Speaker 1: talking about the markets now he's primarily talking about the
Speaker 1: stock market. But you know everything has been down. So
Speaker 1: let's see, guys. I don't know if this is it
Speaker 1: for the relief rally or we still go up a
Speaker 1: bit higher touch eighty k or so between eighty eighty
Speaker 1: five K and then rollover. We'll have to wait and see. Obviously,
Speaker 1: we got to be patient and let things play out. Now,
Speaker 1: we have an update here around Morgan Stanley's application for
Speaker 1: a big TWINYTF Most recently we heard that they're looking
Speaker 1: to do this. Well, they have filed a new form
Speaker 1: with the SEC for their spot bigcoin ETF revealing the
Speaker 1: ticker symbol will be MSBT. So we are continuing to
Speaker 1: see the dominoes fall on Wall Street with the biggest
Speaker 1: institution adopting crypto in many different ways, whether they're launching
Speaker 1: investment products like ETFs, they're using stable coins, they're using
Speaker 1: blockchain technology in different ways for tokenization and much more so.
Speaker 1: This will establish another on ramp to allow more capital
Speaker 1: to come into the market. And obviously they're going to
Speaker 1: start with bitcoin and then they're going to do all coins. Right,
Speaker 1: We've seen this process with many other institutions. Now look
Speaker 1: at this news. XRP Treasury ever North files with the
Speaker 1: SEC to list shares on the nasdac SO. I had
Speaker 1: interviewed the founder of ev North, Ashishi burrow Up. I
Speaker 1: think it was last year, and as stated, they're looking
Speaker 1: to be the dedicated XRP digital Asset treasury. So they
Speaker 1: have submitted a key filing with the SEC, putting it
Speaker 1: a step closer to their goal of going public on
Speaker 1: the NASDAQ Stock Exchange. The Ripple Labs back firm announced
Speaker 1: plans to go public in October through a merger with
Speaker 1: a special purpose acquisition company, Armada Acquisition Corp. Too. In
Speaker 1: a statement on Wednesday, Evernorth announced that it had filed
Speaker 1: a Form S four registration statement with the US SEC,
Speaker 1: marking the final regulatory hurdle before launching via a spack
Speaker 1: and the ticker symbol will be XRPN, So this is
Speaker 1: really great. Ever, North stated in October that it expects
Speaker 1: the merger to generate one billion dollars in gross proceeds,
Speaker 1: which will be primarily used to build an XRP treasury,
Speaker 1: with a smaller portion of the puns being allocated to
Speaker 1: operating and deal expenses. So this is really great, and
Speaker 1: this will give a lot of different institution exposure to
Speaker 1: XRP in a different way, of course, via a stock. Okay,
Speaker 1: moving ahead, Europe's largest asset manager, Amundi, has launched a
Speaker 1: one hundred million dollar tokenized fund on ethereum and a
Speaker 1: stellar blockchain. So we're seeing tokenization across the globe and
Speaker 1: they're using multiple chains. We've often talked on this podcast
Speaker 1: that it's going to be a multi chain world. There's
Speaker 1: not gonna be one chain to rule them all. If
Speaker 1: anyone is telling you that they're lying to you. And
Speaker 1: on the flip side, I don't believe there's gonna be
Speaker 1: a billion blockchains, right, There's gonna be certainly a good
Speaker 1: maybe top ten to twenty that are gonna be used
Speaker 1: in different ways different industries across the world. Maybe a
Speaker 1: bit more, you know, maybe top thirty or so right,
Speaker 1: but we're gonna have to pay attention to which ones
Speaker 1: get the adoption and the building that happening on them,
Speaker 1: and they continue to upgrade and improve things. Now, speaking
Speaker 1: of tokenization, apex Group tokeny taps Polygon to debut chain
Speaker 1: for compliant tokenize RWA. So this is a clear example
Speaker 1: of a multi chain world. Polygon, of course, is a
Speaker 1: blockchain has been around for a long time. It's an
Speaker 1: Ethereum layer two. I am a Polygon token holder. The
Speaker 1: token used to be called matic and has been renamed.
Speaker 1: So let me give you the details. So apex Groups
Speaker 1: tokeny has tapped Polygon Labs to launch t rex Ledger.
Speaker 1: That's an interesting name. A comply Vane's focused blockchain designed
Speaker 1: to help regulated tokenized assets move across networks without repeating
Speaker 1: investor checks and transfer restrictions. In a Thursday release shared
Speaker 1: with coin Telegraph, the project said it targets a key
Speaker 1: friction point in tokenized markets. ERC three six four three
Speaker 1: is in Athereum based token standard for permission tokens representing
Speaker 1: real world assets that can support compliance issuance of RWAs,
Speaker 1: but identity checks, eligibility rules, and transfer restrictions often remain
Speaker 1: fragmented when the same assets is distributed across multiple chains.
Speaker 1: T rex Ledger is being pitched as a shared compliance
Speaker 1: layer that other chains can query while settlement continues to
Speaker 1: take place on external networks. Built with Polygons Chain Development
Speaker 1: Kit and connected to ag layer, the system is intended
Speaker 1: to act as a common registry for investor eligibility and
Speaker 1: transfer rules across tokenized securities. So we continue to see
Speaker 1: innovation and building from different chains, new products as relates
Speaker 1: to tokenization and much more so. This is a very
Speaker 1: good sign, guys. A lot of building happening here in
Speaker 1: the bear market, and that's typically when you do see
Speaker 1: a lot of really really innovative things because people are
Speaker 1: not focused so much on marketing or the price action.
Speaker 1: They're just building, right. It's kind of a quiet time,
Speaker 1: and I've seen this. I've gone through many cycles and
Speaker 1: I've seen this time and time again. So really great
Speaker 1: to see all the new things that are being developed,
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Speaker 1: moving ahead, Wall Street heavyweight Canter among investment banks pitching
Speaker 1: falcon X for its potential IPO. So we continue to
Speaker 1: see crypto companies are playing to go public, whether that's
Speaker 1: an IPO or via a SPAC. Most recently we heard
Speaker 1: about Abra, the crypto wealth platform founded by Bill Barrheight
Speaker 1: they're looking to go public viaspac. You also have the
Speaker 1: tokenization from Securitized looking to do that. However, I think
Speaker 1: a lot of firms are going to put a lot
Speaker 1: of things on hold because of the bear market and
Speaker 1: all everything that's happening from the macro with the war
Speaker 1: and much more. Just yesterday I reported that Kraken they
Speaker 1: are looking to put a pause on their IPO until
Speaker 1: market conditions improve. So you're seeing some of the big
Speaker 1: Wall Street names getting involved, So Cantor Fitzgerald that is,
Speaker 1: of course Howard Lutnick's firm. He works now with the
Speaker 1: Trump administration. And we've seen Goldman, Sachs and Jpmore and
Speaker 1: all these other folks looking to be involved. So it's
Speaker 1: pretty incredible what's happening. And it's just signs of the
Speaker 1: times right Crypto companies are rising in prominence and looking
Speaker 1: to go public. So some details. Cantor is among the
Speaker 1: firms pitching falcon X for its potential IPO, though no
Speaker 1: bankers have been formally appointed yet. According to these sources,
Speaker 1: falcon X, an institutional focus crypto prime broker, is evaluating
Speaker 1: listing plans as a tough digital asset market has seen
Speaker 1: firms such as Krack and Positive IPOs. The company has
Speaker 1: been scaling through acquisitions, while Cancer deepens its footprint in
Speaker 1: the crypto markets. Okay, moving ahead, Coinbase's Bitcoin yield fund
Speaker 1: goes on chain with Apex's tokenization push so coinbas Asset
Speaker 1: Management is launching a tokenized share class of its Bitcoin
Speaker 1: yeal fund on Base in partnership with three point five
Speaker 1: trillion dollar fund services Giant Apex Group. The launch underscores
Speaker 1: a broader push by major asset managers to bring funds
Speaker 1: on blockchain rails to cut costs, speed up settlement, and
Speaker 1: expand distribution. Available initially to non US investors' Coinbase Asset
Speaker 1: Management said it plans to bring the US version of
Speaker 1: its Bitcoin yeal fund on chain as well. So we're
Speaker 1: seeing all types of innovation when it comes to these
Speaker 1: financial products. So this is interesting. And putting in a
Speaker 1: tokenized format allows you to distribute it globally and have
Speaker 1: it run twenty four to seven, so very very interesting
Speaker 1: moving ahead. Singapore based ride Ryde adopts crypto treasury strategy,
Speaker 1: So this is an interesting one. A Ride Group, a
Speaker 1: Singapore based ride sharing and carpool platform similar to Uber
Speaker 1: or Lyft, said Wednesday it has adopted a crypto treasury
Speaker 1: strategy for its corporate reserve. The company said it will
Speaker 1: invest a portion of its corporate reserves into bitcoin, ether
Speaker 1: and Solona, with specific allocations and time of purchase to
Speaker 1: be determined by a governance team at Ride. Ride cited
Speaker 1: the evolving macroeconomic environment as a reason for adopting a
Speaker 1: crypto treasury, and said that the option to invest portions
Speaker 1: of its treasury in digital assets gives the company more
Speaker 1: flexibility in how it manages its treasury operations. Folks, this
Speaker 1: is really great. This company clearly has nothing to do
Speaker 1: with crypto, but they are recognizing the power of crypto
Speaker 1: in this new acid class and how it has performed
Speaker 1: very well over the past decade and more. And notice
Speaker 1: they're not doing the Michael Saylor craziness of going and
Speaker 1: raising insane amounts of debt to buy They're just taking
Speaker 1: some of their corporate reserves. And I think this is
Speaker 1: the safe model that many of these businesses and corporations
Speaker 1: can use because they still have their day to day
Speaker 1: business running, you know, and ways of generating revenue. And
Speaker 1: I think it's smart of them to take a portion
Speaker 1: of their reserves and put it into crypto. And that's
Speaker 1: what Tesla and SpaceX have done. In some other companies,
Speaker 1: it's just a Michael Sailor's way of doing things have
Speaker 1: kind of drowned out. You know the normal logical way
Speaker 1: of doing it, which is this, And again, I don't
Speaker 1: want micro Strategy to fail. I don't want Michael Sailor
Speaker 1: to fail because I think I would be detrimental to
Speaker 1: the market. But I do believe he's taking a risk
Speaker 1: by leveraging up so much, right, so much debt being
Speaker 1: raised and just to buy bitcoin, and his company itself
Speaker 1: is not doing that great when it comes to revenue,
Speaker 1: so it's now become just a bitcoin treasury company. The
Speaker 1: the ethos of the company has kind of disappeared, right, So,
Speaker 1: but this is really great news and it's amazing that
Speaker 1: it's happening globally. It's global trends to have a crypto treasury,
Speaker 1: so this is really great. Final news item here the ECB,
Speaker 1: the European Central Bank, seeks experts to help integrate digital
Speaker 1: euro into ATM's card payment terminals. So again, guys, globally
Speaker 1: we are seeing the integration of stable coins, books, CBDCs, crypto,
Speaker 1: blockchain tech and much more so. It's amazing what they're
Speaker 1: looking at. These governments are looking to do. And we've
Speaker 1: talked about it at nauseum. The future of capital markets, economies,
Speaker 1: and governments will all run in blockchain rails. So European
Speaker 1: Central Bank is recruiting experts to help draft rules for
Speaker 1: how a potential digital Euro would function in everyday payments,
Speaker 1: focusing on ATMs and in store card terminals. One workstream
Speaker 1: will define how payment services process digital euro transactions, including
Speaker 1: offline use and compatibility with existing standards, while another will
Speaker 1: design a certification process for payment tools and infrastructure. The
Speaker 1: Digital Europroject, now awaiting political approval with a possible rollout
Speaker 1: by twenty twenty nine, is advancing alongside the Quidvalis initiative,
Speaker 1: in which twelve European banks plan to launch a europeg
Speaker 1: stable coin in twenty twenty six. Folks, I think by
Speaker 1: twenty thirty we're going to see stable coins and even
Speaker 1: CBDCs running through the rails of at least more than
Speaker 1: fifty percent of payments. I'm not saying one hundred percent.
Speaker 1: I think you know, to get the other fifty percent,
Speaker 1: it will still take time because you know, certain parts
Speaker 1: of the countries and the economy need to be upgraded.
Speaker 1: Right There are people living at different income levels, and
Speaker 1: you guys understand what I'm saying, So it will take
Speaker 1: time to get all that up and running. But they're
Speaker 1: not slowing down here, these governments, and you have to
Speaker 1: pay attention, you know. I'm in here in the United States.
Speaker 1: We're still looking for the anti CBDC bill to be
Speaker 1: passed into law, and they're as being some drama recently
Speaker 1: where certain folks have said, yeah, yeah, we'll pass it,
Speaker 1: just put a sunset feature where you know, the band
Speaker 1: kind of ends by twenty thirty. Now some people are
Speaker 1: fighting back on that, so we'll see how that plays out.
Speaker 1: There's still people who want to push that. And while
Speaker 1: they may do something now, if they don't put something
Speaker 1: in law, you know, future president could come along and
Speaker 1: take advantage of that. And that's this is why I've
Speaker 1: been saying for years. Be vigilant. And it doesn't matter
Speaker 1: that they put this bill together. It hasn't been passed yet.
Speaker 1: Until it's signed into law, it's all just you know,
Speaker 1: smoking mirrors, right, and we got to watch out. You know. Again,
Speaker 1: I live in the United States and I believe in
Speaker 1: the US Constitution, so I'm gonna look keep looking at them,
Speaker 1: paying attention. Don't get distracted by other things, guys. This
Speaker 1: is an important one because the potential for governments to
Speaker 1: abuse this man. It is unlike anything else we've seen
Speaker 1: historically because if they can program your money and control that,
Speaker 1: and we're in a digital world, it's going to be
Speaker 1: easy for them to use that against you. So we
Speaker 1: got we gotta pay attention. And I'm just the things
Speaker 1: I was talking about for a long time. You know,
Speaker 1: some of it is coming to fruition here where there's
Speaker 1: you know, people trying to slow down CBDC bands and
Speaker 1: much more. All right, folks, that's the news. Let me
Speaker 1: know what you think. Leave your thoughts and comments below.
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Speaker 1: thank you so much for tuning in. I appreciate you all,
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