WEBVTT

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<v Speaker 1>Hey everybody, Welcome into the Thinking Crypto Podcasts. 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 hit that subscribe button as

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<v Speaker 1>well as a 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>Apple or wherever you get your podcasts, please be sure

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<v Speaker 1>to leave a five star rating and be sure to follow. Okay, folks,

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<v Speaker 1>let's quickly take a look at the price of bitcoin,

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<v Speaker 1>because bitcoin did have a pullback. It's currently trading at

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<v Speaker 1>just over seventy thousand dollars. Now. From a chart perspective,

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<v Speaker 1>things still look good, but we could see further downside

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<v Speaker 1>tomorrow or into the weekend, and it could invalidate a

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<v Speaker 1>lot of things. Right now, there's higher highs and higher

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<v Speaker 1>lows that are forming. Bitcoin is in the middle as

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<v Speaker 1>far as the artist size concern. It's away from the

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<v Speaker 1>oversouled and it's also away from the overbought. So there

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<v Speaker 1>is kind of a crossroads here of what Bitcoin may

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<v Speaker 1>want to do. So we want to see a reversal

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<v Speaker 1>pretty soon, guys, because the bull based on the MACD

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<v Speaker 1>are losing control on the daily chart, so let's see

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<v Speaker 1>how it plays out again. The higher highs and higher

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<v Speaker 1>lows are still playing out here for this relief rally again,

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<v Speaker 1>not a move to new all time highs, just simply

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<v Speaker 1>a relief rally. Something that is not a good sign.

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<v Speaker 1>Jim Kramer today tweeted out, it is very over sould

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<v Speaker 1>talking about the markets now he's primarily talking about the

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<v Speaker 1>stock market. But you know everything has been down. So

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<v Speaker 1>let's see, guys. I don't know if this is it

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<v Speaker 1>for the relief rally or we still go up a

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<v Speaker 1>bit higher touch eighty k or so between eighty eighty

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<v Speaker 1>five K and then rollover. We'll have to wait and see. Obviously,

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<v Speaker 1>we got to be patient and let things play out. Now,

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<v Speaker 1>we have an update here around Morgan Stanley's application for

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<v Speaker 1>a big TWINYTF Most recently we heard that they're looking

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<v Speaker 1>to do this. Well, they have filed a new form

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<v Speaker 1>with the SEC for their spot bigcoin ETF revealing the

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<v Speaker 1>ticker symbol will be MSBT. So we are continuing to

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<v Speaker 1>see the dominoes fall on Wall Street with the biggest

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<v Speaker 1>institution adopting crypto in many different ways, whether they're launching

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<v Speaker 1>investment products like ETFs, they're using stable coins, they're using

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<v Speaker 1>blockchain technology in different ways for tokenization and much more so.

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<v Speaker 1>This will establish another on ramp to allow more capital

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<v Speaker 1>to come into the market. And obviously they're going to

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<v Speaker 1>start with bitcoin and then they're going to do all coins. Right,

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<v Speaker 1>We've seen this process with many other institutions. Now look

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<v Speaker 1>at this news. XRP Treasury ever North files with the

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<v Speaker 1>SEC to list shares on the nasdac SO. I had

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<v Speaker 1>interviewed the founder of ev North, Ashishi burrow Up. I

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<v Speaker 1>think it was last year, and as stated, they're looking

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<v Speaker 1>to be the dedicated XRP digital Asset treasury. So they

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<v Speaker 1>have submitted a key filing with the SEC, putting it

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<v Speaker 1>a step closer to their goal of going public on

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<v Speaker 1>the NASDAQ Stock Exchange. The Ripple Labs back firm announced

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<v Speaker 1>plans to go public in October through a merger with

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<v Speaker 1>a special purpose acquisition company, Armada Acquisition Corp. Too. In

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<v Speaker 1>a statement on Wednesday, Evernorth announced that it had filed

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<v Speaker 1>a Form S four registration statement with the US SEC,

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<v Speaker 1>marking the final regulatory hurdle before launching via a spack

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<v Speaker 1>and the ticker symbol will be XRPN, So this is

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<v Speaker 1>really great. Ever, North stated in October that it expects

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<v Speaker 1>the merger to generate one billion dollars in gross proceeds,

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<v Speaker 1>which will be primarily used to build an XRP treasury,

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<v Speaker 1>with a smaller portion of the puns being allocated to

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<v Speaker 1>operating and deal expenses. So this is really great, and

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<v Speaker 1>this will give a lot of different institution exposure to

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<v Speaker 1>XRP in a different way, of course, via a stock. Okay,

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<v Speaker 1>moving ahead, Europe's largest asset manager, Amundi, has launched a

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<v Speaker 1>one hundred million dollar tokenized fund on ethereum and a

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<v Speaker 1>stellar blockchain. So we're seeing tokenization across the globe and

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<v Speaker 1>they're using multiple chains. We've often talked on this podcast

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<v Speaker 1>that it's going to be a multi chain world. There's

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<v Speaker 1>not gonna be one chain to rule them all. If

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<v Speaker 1>anyone is telling you that they're lying to you. And

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<v Speaker 1>on the flip side, I don't believe there's gonna be

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<v Speaker 1>a billion blockchains, right, There's gonna be certainly a good

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<v Speaker 1>maybe top ten to twenty that are gonna be used

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<v Speaker 1>in different ways different industries across the world. Maybe a

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<v Speaker 1>bit more, you know, maybe top thirty or so right,

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<v Speaker 1>but we're gonna have to pay attention to which ones

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<v Speaker 1>get the adoption and the building that happening on them,

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<v Speaker 1>and they continue to upgrade and improve things. Now, speaking

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<v Speaker 1>of tokenization, apex Group tokeny taps Polygon to debut chain

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<v Speaker 1>for compliant tokenize RWA. So this is a clear example

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<v Speaker 1>of a multi chain world. Polygon, of course, is a

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<v Speaker 1>blockchain has been around for a long time. It's an

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<v Speaker 1>Ethereum layer two. I am a Polygon token holder. The

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<v Speaker 1>token used to be called matic and has been renamed.

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<v Speaker 1>So let me give you the details. So apex Groups

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<v Speaker 1>tokeny has tapped Polygon Labs to launch t rex Ledger.

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<v Speaker 1>That's an interesting name. A comply Vane's focused blockchain designed

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<v Speaker 1>to help regulated tokenized assets move across networks without repeating

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<v Speaker 1>investor checks and transfer restrictions. In a Thursday release shared

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<v Speaker 1>with coin Telegraph, the project said it targets a key

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<v Speaker 1>friction point in tokenized markets. ERC three six four three

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<v Speaker 1>is in Athereum based token standard for permission tokens representing

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<v Speaker 1>real world assets that can support compliance issuance of RWAs,

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<v Speaker 1>but identity checks, eligibility rules, and transfer restrictions often remain

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<v Speaker 1>fragmented when the same assets is distributed across multiple chains.

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<v Speaker 1>T rex Ledger is being pitched as a shared compliance

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<v Speaker 1>layer that other chains can query while settlement continues to

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<v Speaker 1>take place on external networks. Built with Polygons Chain Development

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<v Speaker 1>Kit and connected to ag layer, the system is intended

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<v Speaker 1>to act as a common registry for investor eligibility and

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<v Speaker 1>transfer rules across tokenized securities. So we continue to see

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<v Speaker 1>innovation and building from different chains, new products as relates

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<v Speaker 1>to tokenization and much more so. This is a very

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<v Speaker 1>good sign, guys. A lot of building happening here in

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<v Speaker 1>the bear market, and that's typically when you do see

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<v Speaker 1>a lot of really really innovative things because people are

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<v Speaker 1>not focused so much on marketing or the price action.

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<v Speaker 1>They're just building, right. It's kind of a quiet time,

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<v Speaker 1>and I've seen this. I've gone through many cycles and

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<v Speaker 1>I've seen this time and time again. So really great

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<v Speaker 1>to see all the new things that are being developed,

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<v Speaker 1>all right, folks. This episode is brought to you by

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<v Speaker 1>I Trust Capital, which makes crypto investing easy via an IRA,

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<v Speaker 1>and I Trust Capital gives you that IRA to investing

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<v Speaker 1>crypto as well as precious metals like gold and silver,

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<v Speaker 1>so if you have a long term view on these assets,

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<v Speaker 1>you can invest via IRA and get huge tax benefits.

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<v Speaker 1>Many of you know when you sell your assets there

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<v Speaker 1>is capital gains in curved whether it be gold or

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<v Speaker 1>silver or your crypto assets, so you can do this

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<v Speaker 1>through I Trust Capital IRA. You can buy and sell

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<v Speaker 1>crypto gold and silver twenty four to seven. The amount

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<v Speaker 1>of crypto assets they have is over eighty bitcoin XRP

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<v Speaker 1>e theorem Salona and much more. And it's low cost

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<v Speaker 1>and there's no monthly fee. And a great thing about

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<v Speaker 1>the precious metals, it's not paper gold or paper silver,

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<v Speaker 1>so if you want to redeem those assets at any point,

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<v Speaker 1>you can redeem the physical asset, So this is one

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<v Speaker 1>of the unique features of this platform. And folks, they

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<v Speaker 1>also offer a great custody solution called Premium Custody Account,

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<v Speaker 1>and this I believe is the second safest way behind

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<v Speaker 1>self custody to custody your assets. It's operational twenty four

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<v Speaker 1>to seven and I Trust Capital is using coin based

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<v Speaker 1>prime fidelity digital assets as well as fireblocks. So we

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<v Speaker 1>all know black Rock uses coin based primes, so they're

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<v Speaker 1>using tier one custody level options here, so you can

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<v Speaker 1>sleep at night knowing that your assets are safe. And

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<v Speaker 1>it's a closed loop system, so if someone hacks it

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<v Speaker 1>to your account, they can't withdraw. So this is a really,

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<v Speaker 1>really great option both for investing as well as custody.

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<v Speaker 1>So again, if you have that long term view on

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<v Speaker 1>both crypto as well as precious metals, this is a

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<v Speaker 1>great way to do it. If you have an existing

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<v Speaker 1>four oh one k or IRA, you can simply roll

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<v Speaker 1>it over and to this version. And folks, if you

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<v Speaker 1>use my link to sign up, you can get one

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<v Speaker 1>hundred dollars funding bonus. I have an account with them,

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<v Speaker 1>so check it out. Link will be in the description. Okay,

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<v Speaker 1>moving ahead, Wall Street heavyweight Canter among investment banks pitching

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<v Speaker 1>falcon X for its potential IPO. So we continue to

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<v Speaker 1>see crypto companies are playing to go public, whether that's

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<v Speaker 1>an IPO or via a SPAC. Most recently we heard

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<v Speaker 1>about Abra, the crypto wealth platform founded by Bill Barrheight

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<v Speaker 1>they're looking to go public viaspac. You also have the

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<v Speaker 1>tokenization from Securitized looking to do that. However, I think

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<v Speaker 1>a lot of firms are going to put a lot

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<v Speaker 1>of things on hold because of the bear market and

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<v Speaker 1>all everything that's happening from the macro with the war

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<v Speaker 1>and much more. Just yesterday I reported that Kraken they

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<v Speaker 1>are looking to put a pause on their IPO until

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<v Speaker 1>market conditions improve. So you're seeing some of the big

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<v Speaker 1>Wall Street names getting involved, So Cantor Fitzgerald that is,

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<v Speaker 1>of course Howard Lutnick's firm. He works now with the

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<v Speaker 1>Trump administration. And we've seen Goldman, Sachs and Jpmore and

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<v Speaker 1>all these other folks looking to be involved. So it's

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<v Speaker 1>pretty incredible what's happening. And it's just signs of the

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<v Speaker 1>times right Crypto companies are rising in prominence and looking

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<v Speaker 1>to go public. So some details. Cantor is among the

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<v Speaker 1>firms pitching falcon X for its potential IPO, though no

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<v Speaker 1>bankers have been formally appointed yet. According to these sources,

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<v Speaker 1>falcon X, an institutional focus crypto prime broker, is evaluating

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<v Speaker 1>listing plans as a tough digital asset market has seen

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<v Speaker 1>firms such as Krack and Positive IPOs. The company has

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<v Speaker 1>been scaling through acquisitions, while Cancer deepens its footprint in

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<v Speaker 1>the crypto markets. Okay, moving ahead, Coinbase's Bitcoin yield fund

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<v Speaker 1>goes on chain with Apex's tokenization push so coinbas Asset

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<v Speaker 1>Management is launching a tokenized share class of its Bitcoin

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<v Speaker 1>yeal fund on Base in partnership with three point five

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<v Speaker 1>trillion dollar fund services Giant Apex Group. The launch underscores

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<v Speaker 1>a broader push by major asset managers to bring funds

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<v Speaker 1>on blockchain rails to cut costs, speed up settlement, and

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<v Speaker 1>expand distribution. Available initially to non US investors' Coinbase Asset

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<v Speaker 1>Management said it plans to bring the US version of

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<v Speaker 1>its Bitcoin yeal fund on chain as well. So we're

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<v Speaker 1>seeing all types of innovation when it comes to these

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<v Speaker 1>financial products. So this is interesting. And putting in a

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<v Speaker 1>tokenized format allows you to distribute it globally and have

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<v Speaker 1>it run twenty four to seven, so very very interesting

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<v Speaker 1>moving ahead. Singapore based ride Ryde adopts crypto treasury strategy,

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<v Speaker 1>So this is an interesting one. A Ride Group, a

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<v Speaker 1>Singapore based ride sharing and carpool platform similar to Uber

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<v Speaker 1>or Lyft, said Wednesday it has adopted a crypto treasury

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<v Speaker 1>strategy for its corporate reserve. The company said it will

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<v Speaker 1>invest a portion of its corporate reserves into bitcoin, ether

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<v Speaker 1>and Solona, with specific allocations and time of purchase to

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<v Speaker 1>be determined by a governance team at Ride. Ride cited

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<v Speaker 1>the evolving macroeconomic environment as a reason for adopting a

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<v Speaker 1>crypto treasury, and said that the option to invest portions

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<v Speaker 1>of its treasury in digital assets gives the company more

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<v Speaker 1>flexibility in how it manages its treasury operations. Folks, this

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<v Speaker 1>is really great. This company clearly has nothing to do

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<v Speaker 1>with crypto, but they are recognizing the power of crypto

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<v Speaker 1>in this new acid class and how it has performed

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<v Speaker 1>very well over the past decade and more. And notice

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<v Speaker 1>they're not doing the Michael Saylor craziness of going and

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<v Speaker 1>raising insane amounts of debt to buy They're just taking

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<v Speaker 1>some of their corporate reserves. And I think this is

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<v Speaker 1>the safe model that many of these businesses and corporations

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<v Speaker 1>can use because they still have their day to day

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<v Speaker 1>business running, you know, and ways of generating revenue. And

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<v Speaker 1>I think it's smart of them to take a portion

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<v Speaker 1>of their reserves and put it into crypto. And that's

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<v Speaker 1>what Tesla and SpaceX have done. In some other companies,

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<v Speaker 1>it's just a Michael Sailor's way of doing things have

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<v Speaker 1>kind of drowned out. You know the normal logical way

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<v Speaker 1>of doing it, which is this, And again, I don't

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<v Speaker 1>want micro Strategy to fail. I don't want Michael Sailor

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<v Speaker 1>to fail because I think I would be detrimental to

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<v Speaker 1>the market. But I do believe he's taking a risk

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<v Speaker 1>by leveraging up so much, right, so much debt being

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<v Speaker 1>raised and just to buy bitcoin, and his company itself

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<v Speaker 1>is not doing that great when it comes to revenue,

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<v Speaker 1>so it's now become just a bitcoin treasury company. The

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<v Speaker 1>the ethos of the company has kind of disappeared, right, So,

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<v Speaker 1>but this is really great news and it's amazing that

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<v Speaker 1>it's happening globally. It's global trends to have a crypto treasury,

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<v Speaker 1>so this is really great. Final news item here the ECB,

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<v Speaker 1>the European Central Bank, seeks experts to help integrate digital

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<v Speaker 1>euro into ATM's card payment terminals. So again, guys, globally

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<v Speaker 1>we are seeing the integration of stable coins, books, CBDCs, crypto,

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<v Speaker 1>blockchain tech and much more so. It's amazing what they're

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<v Speaker 1>looking at. These governments are looking to do. And we've

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<v Speaker 1>talked about it at nauseum. The future of capital markets, economies,

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<v Speaker 1>and governments will all run in blockchain rails. So European

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<v Speaker 1>Central Bank is recruiting experts to help draft rules for

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<v Speaker 1>how a potential digital Euro would function in everyday payments,

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<v Speaker 1>focusing on ATMs and in store card terminals. One workstream

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<v Speaker 1>will define how payment services process digital euro transactions, including

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<v Speaker 1>offline use and compatibility with existing standards, while another will

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<v Speaker 1>design a certification process for payment tools and infrastructure. The

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<v Speaker 1>Digital Europroject, now awaiting political approval with a possible rollout

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<v Speaker 1>by twenty twenty nine, is advancing alongside the Quidvalis initiative,

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<v Speaker 1>in which twelve European banks plan to launch a europeg

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<v Speaker 1>stable coin in twenty twenty six. Folks, I think by

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<v Speaker 1>twenty thirty we're going to see stable coins and even

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<v Speaker 1>CBDCs running through the rails of at least more than

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<v Speaker 1>fifty percent of payments. I'm not saying one hundred percent.

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<v Speaker 1>I think you know, to get the other fifty percent,

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<v Speaker 1>it will still take time because you know, certain parts

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<v Speaker 1>of the countries and the economy need to be upgraded.

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<v Speaker 1>Right There are people living at different income levels, and

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<v Speaker 1>you guys understand what I'm saying, So it will take

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<v Speaker 1>time to get all that up and running. But they're

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<v Speaker 1>not slowing down here, these governments, and you have to

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<v Speaker 1>pay attention, you know. I'm in here in the United States.

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<v Speaker 1>We're still looking for the anti CBDC bill to be

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<v Speaker 1>passed into law, and they're as being some drama recently

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<v Speaker 1>where certain folks have said, yeah, yeah, we'll pass it,

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<v Speaker 1>just put a sunset feature where you know, the band

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<v Speaker 1>kind of ends by twenty thirty. Now some people are

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<v Speaker 1>fighting back on that, so we'll see how that plays out.

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<v Speaker 1>There's still people who want to push that. And while

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<v Speaker 1>they may do something now, if they don't put something

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<v Speaker 1>in law, you know, future president could come along and

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<v Speaker 1>take advantage of that. And that's this is why I've

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<v Speaker 1>been saying for years. Be vigilant. And it doesn't matter

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<v Speaker 1>that they put this bill together. It hasn't been passed yet.

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<v Speaker 1>Until it's signed into law, it's all just you know,

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<v Speaker 1>smoking mirrors, right, and we got to watch out. You know. Again,

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<v Speaker 1>I live in the United States and I believe in

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<v Speaker 1>the US Constitution, so I'm gonna look keep looking at them,

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<v Speaker 1>paying attention. Don't get distracted by other things, guys. This

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<v Speaker 1>is an important one because the potential for governments to

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<v Speaker 1>abuse this man. It is unlike anything else we've seen

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<v Speaker 1>historically because if they can program your money and control that,

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<v Speaker 1>and we're in a digital world, it's going to be

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<v Speaker 1>easy for them to use that against you. So we

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<v Speaker 1>got we gotta pay attention. And I'm just the things

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<v Speaker 1>I was talking about for a long time. You know,

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<v Speaker 1>some of it is coming to fruition here where there's

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<v Speaker 1>you know, people trying to slow down CBDC bands and

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<v Speaker 1>much more. All right, folks, that's the news. Let me

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<v Speaker 1>know what you think. Leave your thoughts and comments below.

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<v Speaker 1>you everything you need to know about crypto. Right now,

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<v Speaker 1>we have a big bear market sale going on. Use

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<v Speaker 1>much more so, check it out at my crypto course

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<v Speaker 1>thank you so much for tuning in. I appreciate you all,

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