Speaker 1: I've got huge Dara Hbar news for you. They have
Speaker 1: launched a new asset tokenization studio. They have partnered with
Speaker 1: Ripple and aptos in the EU and much more. And
Speaker 1: I want to give you some updates from Donald Trump's
Speaker 1: current It's actually happening right now as I'm recording this
Speaker 1: Twitter space is talking about his D five project. And
Speaker 1: next week there's going to be hearing where all five
Speaker 1: SEC commissioners will be present before Congress. You can imagine
Speaker 1: the fireworks that are going to happen. Let's break it down. Hey, everybody,
Speaker 1: welcome into the Thinking Crypto Podcasts. You're home for cryptocurrency
Speaker 1: news and interviews. I'm your host, Tony Edward. On your
Speaker 1: way in, please hit that subscribe button as well as
Speaker 1: a thumbs up button and leave a comment below. If
Speaker 1: you're listening on a podcast platform such as Spotify or Apple,
Speaker 1: please leave a five star rating and review. Folks, I
Speaker 1: got a lot of news to share with you, but
Speaker 1: it's all great stuff. Be sure to watch and listen
Speaker 1: to the end. First, let's kick it off with the FED.
Speaker 1: There are some up around how much basis points the
Speaker 1: FED may cut rates by. The data is showing that
Speaker 1: a lot of people now believe it's going to be
Speaker 1: fifty instead of twenty five, But we'll have to wait
Speaker 1: and see. Fifty would be pretty bullish with the market.
Speaker 1: Even Elizabeth Warren today came out and said the FED
Speaker 1: should cut by seventy five basis points. But we know
Speaker 1: she does a lot of these things just to get
Speaker 1: her name in the press. But we could see fifty,
Speaker 1: it looks like. But you know, I'm going to go
Speaker 1: conservative and say twenty five. But hey, if we have fifty,
Speaker 1: that would be really good. And you know, we're waiting
Speaker 1: to see what the impact will be in the markets
Speaker 1: this week. We can't really tell much though, because there's
Speaker 1: a lot of volatility the week of any FED announcements.
Speaker 1: But from a macro standpoint, the markets are setting up
Speaker 1: for the next leg up and ray cuts are going
Speaker 1: to be bullish. Obviously, there's going to be volatiley. Like
Speaker 1: I mentioned now, one of the factors I've been sharing
Speaker 1: with you guys is global liquidities on the rise. Here,
Speaker 1: macro investor Ral Powell shared an updated chart, actually multiple
Speaker 1: charts showing that global liquidity is on the rise and
Speaker 1: it's anticipated to keep moving upwards and as a result,
Speaker 1: the price of bitcoin will follow. So we know asset
Speaker 1: prices move with global liquidity, folks, that is a big
Speaker 1: driver of acid valuations, and specifically in the United States,
Speaker 1: we are seeing a breakout of the MPTWO money supplies,
Speaker 1: so a lot of data points are showing this. Guys,
Speaker 1: I am very bullish. Once again. You can look at charts,
Speaker 1: you can look at the technicals and so forth. That's important,
Speaker 1: but you also got to look at the macro. We
Speaker 1: want to look at the full picture, right and also
Speaker 1: look at the fundamentals and the other factor I've been
Speaker 1: telling you guys about, they're going to start muddy printing,
Speaker 1: which will contribute to the global liquidity rising. Of course,
Speaker 1: here is Fenn Henrik, who's a great trader. I've had
Speaker 1: him on the podcast. He highlighted a chart from the
Speaker 1: FED which is the overnight reverse repurchase agreements, and he
Speaker 1: says reverse repo collapsing lower the countdown clock to the
Speaker 1: next que. Quantitative easing program has begun. The only unknown
Speaker 1: what fancy not QWI name they'll give it this time.
Speaker 1: So usually they don't come out and say, hey, we're
Speaker 1: printing more money. They'll call it quantitative easing. Or economic
Speaker 1: stimulus or this and that. Right, maybe we'll be like
Speaker 1: housing credit stimulus or something like that, because we've heard
Speaker 1: about rumors that they want to give first time hope
Speaker 1: buyers credit. You know, they'll package it in some fancy name.
Speaker 1: But the point is more money printing more liquidity the
Speaker 1: higher asset prices rise. That includes stocks and crypto. So
Speaker 1: interesting times ahead. Now. Donald Trump's Twitter spaces is actually
Speaker 1: still going on right now. I listen to some of it.
Speaker 1: It was just a pretty much promote the new launch
Speaker 1: of that DeFi project. His sons are pretty much working on.
Speaker 1: So nothing groundbreaking, nothing significant here. He did double down
Speaker 1: that he supports crypto. He made a statement that crypto
Speaker 1: is a very powerful market. So he talked a bit
Speaker 1: about his NFTs and so forth. So nothing major here
Speaker 1: that we haven't heard before. So just a heads up
Speaker 1: on that, guys. Now there's some very big news around Headera. Guys,
Speaker 1: stick with me on this one. A lot of big stuff.
Speaker 1: I am an h BAR token holder in full of transparency.
Speaker 1: I believe in this project. First up, they tweeted out
Speaker 1: Hedera is excited to join Ripple and Apto's foundation as
Speaker 1: founding members of the MICAH crypto alliance with technical support
Speaker 1: from DLT Science Foundation. So big partnership here, especially in
Speaker 1: the EU. Remember EU MICAH is that regulation that was
Speaker 1: passed just I think earlier this year, and the EUS
Speaker 1: ahead of the United States right now. But it's smart
Speaker 1: that these companies that are coming together, forming these alliances
Speaker 1: and working with government officials doing advocacy and education. This
Speaker 1: is how you help get the crypto market and the
Speaker 1: good graces of these governments, get things moving, get regulations going,
Speaker 1: getting doors opened up for the industry, right, folks, So
Speaker 1: all great stuff, This is what we want to see.
Speaker 1: These are competing blockchain companies, so the fact that they're
Speaker 1: working together is a very good sign. I've often stated
Speaker 1: that the industry does need to police itself a bit. Yes,
Speaker 1: we need regulations and legislation, but we got to make
Speaker 1: sure we come together and build great solutions and weed
Speaker 1: out the bad actors. Now, the other big news is
Speaker 1: that Hedera joined the Linux Foundation Decentralized Trust Initiative, contributing
Speaker 1: its entire code base to launch of the Hero project.
Speaker 1: So this is pretty big. I'm not sure how many
Speaker 1: of you know about Linux. It's an operating system I
Speaker 1: use it in the past, but they are the founding
Speaker 1: premier member of this new initiative called the Linux Foundations
Speaker 1: Decentralized Trust Projects. So I love it. This is what
Speaker 1: you want to do. If you want to get adoption,
Speaker 1: go partner with different software companies, different hardware companies, you know,
Speaker 1: branch outs. You get more adoption, you get more developers
Speaker 1: coming and building on your blockchain. Now, just this evening,
Speaker 1: I got a press release sent to me which is
Speaker 1: going to be released tomorrow. It's about Hedera's new asset
Speaker 1: tokenization studio. The headline states providing an all in one
Speaker 1: toolkit for tokenizing re litory compliant real world assets on chain.
Speaker 1: So everyone is trying to build their solution for tokenization.
Speaker 1: It's what I've been telling you for years. We're headed
Speaker 1: to the token economy. Everything running on the blockchains. Traditional
Speaker 1: assets like stocks and securities tokenized on the blockchain, eventually
Speaker 1: real estate, artwork and all these things. Twenty four to
Speaker 1: seven trading markets, no more opening and closing, bill instant settlement,
Speaker 1: truly global markets where there's no borders. So this is
Speaker 1: really big. And if you go to Headera's website, they
Speaker 1: already started highlighting it here Acid Tokenization Studio, and you
Speaker 1: can read up on all the details there, but let
Speaker 1: me give you a quick snippet of what this pressfly says.
Speaker 1: Headera aset Tokenization Studio, an open source toolkit for the configuration, issuance,
Speaker 1: and management of tokenized bonds and equities on the Hidera network,
Speaker 1: has launched. Unlike the basic ERC fourteen hundred standard for
Speaker 1: security tokens that requires management of key act details off
Speaker 1: chain by adding a level of increased risk, the Hidero
Speaker 1: Acid Tokenization Studio keeps the entire process on chain. The
Speaker 1: studio offers a full suite of turnkey features, including bond coupons,
Speaker 1: stock dividends, whitelisting, and compliance with the jurisdiction specific regulations
Speaker 1: ensuring that all acid details are securely managed entirely on chain. Now,
Speaker 1: they took a shot at Etheroreum here, highlighting that unlike
Speaker 1: the basic ERC fourteen hundred standard, and we know black
Speaker 1: Rock is actually tokenizing on Ethereum. Their fund is called Biddle.
Speaker 1: But you know, we're still in the trial and error
Speaker 1: phase of many of these things. So could black Rock
Speaker 1: jump to Hydera sure or expand to Hydera sure? But
Speaker 1: you know, we have to see how the market reacts,
Speaker 1: but sounds really good what Hedera is doing here. And
Speaker 1: like I said, I hold Hbar. I'm bullish on it.
Speaker 1: There's a lot of big names in Hidera's governing council
Speaker 1: like Google and IBM and so forth. Big things happening here,
Speaker 1: and I'm diversified. You know, I never put all my
Speaker 1: eggs in one basket because you never know what could happen.
Speaker 1: But I definitely believe in this project and its future potential.
Speaker 1: Now a great place where you can buy the HBAR
Speaker 1: token and other all coins and bitcoin is on Uphold.
Speaker 1: They have three hundred plus cryptocurrencies, bitcoin and all the
Speaker 1: all coins. Guys, and I've been using this platform since
Speaker 1: twenty eighteen. They're reliable. I trust them. I can vouch
Speaker 1: for them. I've interviewed the CEO. I just interviewed him recently,
Speaker 1: but over the years, I've interviewed the CFO and different folks.
Speaker 1: So this is a really great platform. Recently, they launched
Speaker 1: a great product call usd Interest Accounts, where you can
Speaker 1: place your cash on the platform and earn up to
Speaker 1: five percent apy, but your balance has to be over
Speaker 1: one thousand dollars. Below one thousand, it's two percent, but
Speaker 1: over one thousand is five percent. Best of all, it's
Speaker 1: fd on C insured just like a bank, and there
Speaker 1: are no membership or subscription fees. There's no fees, guys,
Speaker 1: no fees at all, and there's no lock up terms.
Speaker 1: You can pull your money in and out whenever you want.
Speaker 1: That's really great freedom. This is a product I'm leveraging.
Speaker 1: So if you'd like to learn more about Uphold, check
Speaker 1: out the link in the description. Now we got news
Speaker 1: that the Kingdom of Bhutan now owns thirteen thousand and
Speaker 1: eleven bitcoin worth seven hundred and eighty point four nine
Speaker 1: million dollars. So pretty amazing that you have these different
Speaker 1: countries and jurisdictions around the world that are buying bitcoin.
Speaker 1: This is not a trend that's going away. I think
Speaker 1: as money printing continues the debasement of currency, people will
Speaker 1: look for hard assets like bitcoin, like gold to continue
Speaker 1: to hedge against that debasement. And as Paul Tudor Jones said,
Speaker 1: though bitcoin and crypto is the fastest horse in the race,
Speaker 1: and in fact, Michael Staylor doubled down again. Just the
Speaker 1: other day we heard he bought more bitcoin. Well, now
Speaker 1: they're doing another private offering of seven hundred million dollars
Speaker 1: of convertible senior notes, issuing more dead so that they
Speaker 1: can buy more bitcoin. Michael Saylor, I tell you, man,
Speaker 1: this guy's a bitcoin addic. Moving ahead, guys. So, Hester
Speaker 1: Purse dissented on the NFT enforcement actions recently by the sec.
Speaker 1: We know that the SEC center wells noticed to the
Speaker 1: folks at Opense, which is completely nonsense. Here Amanda Tuminelli,
Speaker 1: who will have on the podcast pretty soon. Amanda said
Speaker 1: another banger of a dissent. And here's what Hester said.
Speaker 1: The securities laws are not needed here and their application
Speaker 1: is harmful both in the present case and as feature president.
Speaker 1: Why shouldn't a chef be able to sell memberships to
Speaker 1: eat at her kitchen table and to collect royalties on
Speaker 1: resales of those memberships. NFTs i'll offer a promising way
Speaker 1: to allow creative people such as chefs, musicians, or visual
Speaker 1: artists to monetize their talent, and a potentially efficient way
Speaker 1: for selling access to experiences in communities. Experiments like fly
Speaker 1: Fish Club are not a threat to the American investor.
Speaker 1: Creative people should be able to experiment with NFTs without
Speaker 1: having to consult a high priced tea leaf reader a lawyer.
Speaker 1: We need regulations, guys, because you see what Ginster is doing.
Speaker 1: He's running a monk. He's going crazy. But what's interesting, folks.
Speaker 1: Eleanor Terroota Fox Business reported this. She said the full
Speaker 1: five member SEC Commission is preparing to testify in front
Speaker 1: of the Financial Services Committee slash FSC Democrats next Tuesday.
Speaker 1: This will be the first time the whole Commission, not
Speaker 1: just a chair, has testified together since twenty nineteen. Gary
Speaker 1: Ginster himself would testify alone in front of the Senate
Speaker 1: the day after on Wednesday. This is fascinating. Can you
Speaker 1: imagine when the topic of crypto comes up, because there's
Speaker 1: a clear divide. As I've been telling you guys, Hester
Speaker 1: pers market Wada Republicans support crypto, want legislation. Genser a Democrat,
Speaker 1: and the other two commissioners are Democrat, very much anti crypto. Right.
Speaker 1: Remember when the SEC got called arbitrary and capricius they
Speaker 1: lost in the Grey Skill case. A couple of those
Speaker 1: Democrats still voted no to the bigcoin ETF even though
Speaker 1: the judge the court ruled, Hey, what are you guys doing?
Speaker 1: You have to approve this. Can you believe that? Folks
Speaker 1: so clear divide. So I'm very curious to see what's
Speaker 1: gonna take place at that hearing. My eyes and ears
Speaker 1: are going to be glued to this. It's gonna be
Speaker 1: very fascinating. Can you imagine the statements being made from
Speaker 1: each of these folks. Now, there's also a big hearing
Speaker 1: coming up on Wednesday. As I mentioned to you guys,
Speaker 1: it's title of Dazed and Confused, breaking down the SEC's
Speaker 1: politicized approach to digital assets. You're gonna have people from Robinhood,
Speaker 1: bit Wise and so forth there. So all of this
Speaker 1: is setting up for the hearing with Gainster next Wednesday,
Speaker 1: where he's gonna get grilled. And I spoke to Ron
Speaker 1: Hammond of the Blockchain Association today. I'll publish that interview tomorrow.
Speaker 1: It's gonna be a very interesting two weeks with against
Speaker 1: her in the SEC and all the nonsense that he
Speaker 1: gets been up to you, So stay tuned. Now, in
Speaker 1: regards to the NFTs, jumping back to that, Congressman William
Speaker 1: Timmins release a bill called the NFT Act, and Cody
Speaker 1: Carbone of the Digital Chambers said the SEC continues to
Speaker 1: overstep while Congress has made it clear they lacked the
Speaker 1: authority on digital assets. The NFT Act by Representative Timmins
Speaker 1: is a vital step in providing clarity for NFT creators
Speaker 1: and communities. So we need legislation, guys, Like I said,
Speaker 1: until then, expect more scumbag activity from scumbag regulator Gary Genser.
Speaker 1: All Right, moving ahead. Former Celsia CEO Mashinski Alex Machinski
Speaker 1: seeks testimony from six witnesses as he faces one hundred
Speaker 1: and fifteen year prison sentence. Send him away, put him
Speaker 1: in the cell next to Sam Bekmerfried. Even Sam beakmcfreed
Speaker 1: recently was trying to appeal these guys, what whirl are
Speaker 1: you living in? You scammed people, you stole their money,
Speaker 1: You lied to people on TV in their phases, and
Speaker 1: much more. I remember having Alex Mashinski in the podcast,
Speaker 1: and you know, I brought up some of the things
Speaker 1: people had mentioned over the years, and he's like, no,
Speaker 1: they're lying. You can come invest on the platform. Go
Speaker 1: to jail, bro, that's where you should be. Final news item. Binance,
Speaker 1: founder of CEZ, set to be released from prison on
Speaker 1: September twenty ninth, so Cez getting out short sentence. I
Speaker 1: think this is good. Remember Sez did no fraud, nothing
Speaker 1: like SBF or Alex Mashinski. He got hit with kycaml
Speaker 1: laws that were broken, but this was the early days
Speaker 1: of crypto. Binance eventually got themselves into a better place now,
Speaker 1: Cez part of the ruling was he has to stay
Speaker 1: away from Binance and crypto for the most part, so
Speaker 1: don't expect to hear much from him. He'll probably disappear
Speaker 1: for a while. Maybe next cycle he can come back
Speaker 1: and be around, but I don't think he can operate
Speaker 1: in any type of crypto business. But once again, he
Speaker 1: did not commit any frauds. It just heads up on that,
Speaker 1: all right, guys, let me know what you think about
Speaker 1: this new leave your thoughts and comments, blow hit the
Speaker 1: thumbs up button. Be sure to sign up for my
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Speaker 1: lot of crypto insights and knowledge. Don't forget to grab
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Speaker 1: Grab a copy to support the podcast, buy a few
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Speaker 1: about crypto, and if you bought a copy already, please
Speaker 1: leave a rating and review. Thank you so much. I
Speaker 1: appreciate you all, and I'll talk to you all later