Speaker 1: Hey, everyone, Welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and the interviews. I'm your host, Tony Edward.
Speaker 1: On your way in. Please let that subscribe button as
Speaker 1: well as the thumbsup button and leave a common below.
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Speaker 1: five star rating. Okay, folks, let's start with the price
Speaker 1: of bitcoin. There's not too much to talk about, but
Speaker 1: I do want to highlight some metrics and things that
Speaker 1: we are seeing around bitcoin that look very good. So
Speaker 1: we've been talking about the DXY and that has been
Speaker 1: breaking down, which is a very positive sign for bitcoin
Speaker 1: and risk assets. Matthew Hyland, who's a great analyst, highlighted
Speaker 1: the following. He said, the last two times the DXY
Speaker 1: broke below ninety six, Bitcoin ran from two thousand to
Speaker 1: twenty thousand dollars within six months and ran from ten
Speaker 1: thousand dollars to sixty four thousand dollars within nine months.
Speaker 1: The DXY is currently sitting at ninety six point three.
Speaker 1: So history has shown when the dollar is breaking down
Speaker 1: at this level, we've had a massive run up in bitcoin.
Speaker 1: Now it doesn't mean that it has to repeat that way,
Speaker 1: but this, in line with other factors, are certainly indicating
Speaker 1: that a big move could be on the horizon for bitcoin. Now,
Speaker 1: we're gonna have to be patient, right. I've been saying
Speaker 1: that in every podcast, we have to be patient, let
Speaker 1: things play out. Yesterday we were talking about the bitcoin
Speaker 1: to goal ratio and that Bitcoin is almost bottoming out
Speaker 1: based on goals move, while gold and silver look like
Speaker 1: they're topping out. So you have these factors which are
Speaker 1: just screaming a move is coming. One of the things
Speaker 1: I've been highlighting though, is is this simply a move
Speaker 1: for bitcoin that does not go to all time highs.
Speaker 1: It's just a dead cat bounce or relief rally and
Speaker 1: then it rolls over to bearmarket lows. Or is this
Speaker 1: the continuation upward? Bitcoin goes to one hundred and thirty
Speaker 1: five to one hundred and forty or even higher one
Speaker 1: hundred and forty four, and you know, maybe that's another
Speaker 1: local top or that's the blow off top. I don't
Speaker 1: have a crystal ball, so I'm just presenting all the
Speaker 1: scenarios to you. Some people are out there saying definitively
Speaker 1: we are in a bear market. There are people out
Speaker 1: there saying definitively we are in a bullmarket, but no,
Speaker 1: we have to say, right now, we don't have confirmation
Speaker 1: of those things. So if those people who are telling
Speaker 1: you these things are not giving you this different scenarios,
Speaker 1: then they're doing you a disservice, right. And if they
Speaker 1: seem to know that, Okay, this is where it's at,
Speaker 1: please ask them for the winning lottery numbers, right, so
Speaker 1: we can go play the lottery. It will be a
Speaker 1: lot easier than investing where you have to be patient. Right,
Speaker 1: So I hope you understand what I'm saying, But this
Speaker 1: is a positive sign. Again. This is the data, not
Speaker 1: feelings or emotions, not hype, just simply here's how things
Speaker 1: have played out historically. And as I've been saying, the
Speaker 1: DXY going down like this is very bullish for risk assets,
Speaker 1: not just crypto but also the stock market. And I
Speaker 1: think we got to watch gold and silk as again
Speaker 1: that ratio plays out, but also looks like, you know,
Speaker 1: gold and silver are topping out. Whether that's a local
Speaker 1: top or a blow off top, I don't know. We're
Speaker 1: gonna have to wait and see, because gold and silver
Speaker 1: have been going parabolic. Their charts look incredible, and I
Speaker 1: wish crypto would have its moment like that. But look,
Speaker 1: crypto has outperform gold and silver and all these things
Speaker 1: over the past ten years. These assets are now catching
Speaker 1: up given the geopolitical climate and a lot of central
Speaker 1: banks have been buying gold. But the same thing with
Speaker 1: the history of gold and bitcoin. If you'll line their charts,
Speaker 1: you see that when gold calms down, then bitcoin runs
Speaker 1: and vice versa. So this is another factor that is
Speaker 1: on our side here that we do have to be
Speaker 1: patient to let these things play out. Okay, folks, we
Speaker 1: got some very big news coming out of Morgan Stanley,
Speaker 1: so they added a new role to push into crypto,
Speaker 1: appointing Amy Oldenberg as head of Digital Asset Strategy. So
Speaker 1: Morgan Stanley has misstated he was a bit late to
Speaker 1: the game with crypto, but better late than never, and
Speaker 1: we saw Morgan Stanley capitulate than Vanguard as well. So
Speaker 1: all these firms now have to have a crypto and
Speaker 1: tokenization stable coin strategy. It is inevitable they have to
Speaker 1: get on board because this is the future. All assets
Speaker 1: are going to be tokenized on the blockchain, trading twenty
Speaker 1: four to seven in Global Markets and Wall Street. All
Speaker 1: these firms are gonna have to get on board or
Speaker 1: they will lose market share. So it is incumbent upon
Speaker 1: all these firms to get on board. And you know
Speaker 1: Blackrock they were the ones that kicked it off. But
Speaker 1: you know you're going to see all of these firms
Speaker 1: and many others start to hire people, build their digital
Speaker 1: asset teams and much more. I'm going to try to
Speaker 1: get Amy on the podcast. I have been in contact
Speaker 1: with her even before this news. And there's a bunch
Speaker 1: of job listings on LinkedIn. If you go look it up,
Speaker 1: you'll see the roles are opening up here, and not
Speaker 1: just from Morgan Stanley, but also Blackrock. They are looking
Speaker 1: for a v slash Director of Digital Assets, Product Strategies,
Speaker 1: Managing Director Digital Assets, and much more. Again, all this
Speaker 1: data is on LinkedIn, so clearly these firms are all
Speaker 1: in on crypto and I hope you recognize what's happening.
Speaker 1: I hope you see the forest for the trees where
Speaker 1: despite these short term volatility items, things are moving in
Speaker 1: the right direction. Adoption is going to continue to increase.
Speaker 1: The value of these blockchains will increase and so will
Speaker 1: their native tokens. So patience is the key here and
Speaker 1: make sure you got the macro view now, folks. This
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Speaker 1: would be in the description now, folks, Today was a
Speaker 1: big launch for Tether. They have officially launched us at
Speaker 1: the federally regulated dollar back stable coin made in America.
Speaker 1: They said, so we knew this was coming, and today's
Speaker 1: launch day, of course, so really really great. We know Tether,
Speaker 1: I mean, they they are a powerhouse, king of the
Speaker 1: hill when it comes to stable coins. They've been at
Speaker 1: this since the beginning. They were the ones who started
Speaker 1: it right, and they've grown their business to an incredible level.
Speaker 1: And they built a specific stable coin us AT which
Speaker 1: is compatible with the Genius Act, and while they still
Speaker 1: have us D T which operates in different parts of
Speaker 1: the world. So this is big. I think they're gonna
Speaker 1: get lots of adoption. They have the partnerships and much more.
Speaker 1: And of course you all know Tether's working with Cancer Frigeril,
Speaker 1: which is Howard Lutnix firm. He's now the Commerce Secretary.
Speaker 1: I believe it is of the United States working under
Speaker 1: the Trump administration. So they've got their foot in the
Speaker 1: door for Wall Street. They're gonna get a lot of adoptions.
Speaker 1: So keep an eye on these guys. Tell the they've
Speaker 1: got the resources, they know what to do here. So
Speaker 1: it's great though. You know, there's lots of options here
Speaker 1: in the United States where people with us AT, USDC
Speaker 1: paypals p Y, USD, ripples are l USD and much more.
Speaker 1: So this is really really great. Now look at this.
Speaker 1: Ripple is launching a Treasury and it's powered by g Treasury,
Speaker 1: and Reese Merik of Ripple highlights that it has a
Speaker 1: unified visibility across traditional cash and digital assets twenty four
Speaker 1: to seven, yield optimization, putting every dollar to work, instant
Speaker 1: cross border settlements, reducing FX costs, eliminate pre funding requirements
Speaker 1: and unlocked trapped working capital. Future ready infrastructure for chokenized
Speaker 1: assets and programmable payments. So he says here, the future
Speaker 1: of Treasury has no friction or boundaries hashtag, XRP, hash
Speaker 1: tags or LUSD. So Ripple continues to innovate and build
Speaker 1: out incredible products. Yesterday we talked about their new partnership
Speaker 1: with some Saudi banks and all the great work they're
Speaker 1: doing across the globe. Okay, So, the states across the
Speaker 1: US continue to push crypto bills forward. We're seeing a
Speaker 1: lot of news, you know lately. Yesterday we talked about
Speaker 1: Rhode Island. We hear Arizona's crypto bills move forward. SB
Speaker 1: ten forty two, allowing the state funds to invest up
Speaker 1: to ten percent in virtual currencies like bitcoin, and SB
Speaker 1: ten forty three, which lets state agencies accept crypto payments,
Speaker 1: both pass the Senate Finance Committee. Next stop, Senate Rules Committee.
Speaker 1: So things are progressing. And here's another example. South Dakota
Speaker 1: lawmaker takes another run at bitcoin Reserve Bill. So game
Speaker 1: theory playing out here among these different states. So Representative
Speaker 1: Logan Manhardt introduced the Bitcoin Reserve Bill HB eleven fifty
Speaker 1: five on Tuesday in South Dakota's legislature. The legislation had
Speaker 1: only my interchanges from a bill the lawmaker sponsored in
Speaker 1: twenty twenty five by amending the state's code to allow
Speaker 1: the State Investment Council to invest up to ten percent
Speaker 1: of public funds and bitcoin. He tweeted out strong money,
Speaker 1: strong state on x announcing the bill. So again, see
Speaker 1: what's happening here, guys. It's not only happening on the
Speaker 1: federal level, you know, those talks are happening with Patrick,
Speaker 1: with David Sachs and others, but on the state level.
Speaker 1: So this is very bullish, and you know, as always,
Speaker 1: it starts a bitcoin. Once they get that up and running,
Speaker 1: you know they're going to add all coins over time.
Speaker 1: All right, Moving ahead, Nomora back Laser Digital seeks US
Speaker 1: bank charter amid crypto banking push. Seems like everyone wants
Speaker 1: to become a bank now right. A lot of crypto
Speaker 1: companies want these trust charters. So it's pretty incredible these
Speaker 1: crypto native firms are becoming banks, and banks are adopting
Speaker 1: crypto assets and blockchain and tokenizing and much more so.
Speaker 1: I think over time you're going to see a convergence
Speaker 1: where where it's not going to be the crypto market
Speaker 1: in the trat file market. I think it's all going
Speaker 1: to be just one market. And look, we're faraway from that,
Speaker 1: but I think that's the end goal. So Laser Digital,
Speaker 1: a fully serviced digital asset company backed by Japanese financial
Speaker 1: group Nomora, has reportedly filed for a US bank trust charter,
Speaker 1: signaling that crypto focused companies are seeking deeper integration into
Speaker 1: the US financial system amid a more permissive regulatory environment.
Speaker 1: Citing sources familiar with the matter, the Financial Times reported
Speaker 1: Tuesday that Laser Digital had submitted its application to the
Speaker 1: Office of the Control of the Currency also known as
Speaker 1: the OCC. The charter would allow the company to operate
Speaker 1: at the federal level without applying for state by state
Speaker 1: custody licenses. The race is on, folks, So this is
Speaker 1: one of the reasons on bullish. You're just seeing incredible adoption, building,
Speaker 1: filing for licenses, expansion, mergers and acquisitions, and huge investments.
Speaker 1: Everyone is heading in the same direction here even trad
Speaker 1: five Okay, Mesh joins crypto Unicorn ranks with seventy five
Speaker 1: million dollars Dragonfly led Series C. I remember interviewing I
Speaker 1: believe it was the CEO Mesh a couple of years ago,
Speaker 1: and they're doing some great stuff with stable coins and crypto,
Speaker 1: and they're getting more capital. So clearly these funds are
Speaker 1: investing in these companies because they believe in the future
Speaker 1: of crypto and blockchain. So Mesh, a San Francisco based
Speaker 1: crypto payments infrastructure company, raised seventy five million dollars in
Speaker 1: the Series C funding round led by Dragonfly Capital, bringing
Speaker 1: its total funding to more than two hundred million dollars
Speaker 1: and valuing the company at one billion dollars. The round
Speaker 1: included participation from Paradigm Modern Ventures, SBI Investment, Coinbase Ventures,
Speaker 1: and Liberty City Ventures. According to an announcement on Tuesday,
Speaker 1: Mesh said a portion of the raised funds was settled
Speaker 1: using stable coins rather than traditional banking rails. That's pretty cool.
Speaker 1: Mesh will use the funds to expand its crypt payments
Speaker 1: network across regions including Latin America, Asia, and Europe, and
Speaker 1: to support product development Okay, we got some huge chain
Speaker 1: link news, so we made. That is the word we
Speaker 1: and made together. We made taps chain link for Korean
Speaker 1: wand stable coin infrastructure. Guys, many of you know I'm
Speaker 1: bullish on link. I have it in my portfolio. Chain
Speaker 1: Link is allowing many blockchains to connect. It is used
Speaker 1: by crypto native firms, It's used by blockchain projects, it's
Speaker 1: used by tradfi. So this is a project I'm absolutely
Speaker 1: bullish on. Let me give it to details. Blockchain company
Speaker 1: we Made added chain link LAPSE to its global alliance
Speaker 1: for KRW stable coins, expanding the consortium's data and oracle
Speaker 1: infrastructure as it builds compliance focused rails for WANDPEG stable coins.
Speaker 1: On Tuesday, we Made announced that chain Link will provide
Speaker 1: technical support for data integrity, infrastructure standards, and tokenized asset
Speaker 1: use cases. We Made said chain Link's role will also
Speaker 1: focus on supporting standardization and enabling alliance members to leverage
Speaker 1: Oracle services. The addition follows earlier partnerships with blockchain analytics
Speaker 1: from chain analysis security auditors Certich and remittance providers sent B,
Speaker 1: which collectively form the GAS initiative. So great to see
Speaker 1: across the globe these different blockchains are being used by
Speaker 1: different countries and jurisdictions and just the infrastructure being set
Speaker 1: up here guys, and you know every country will have
Speaker 1: their own stable coin or CBDC. So this is the
Speaker 1: token economy we're headed to. Right, everything powered by blockchains.
Speaker 1: I'll say it for the millionth time. The end goal
Speaker 1: is the future government's economies and markets all running on
Speaker 1: blockchain rails. Final news item here Bitwise Asset Management to
Speaker 1: launch on chain vaults via Morpho. So Bitwise is a
Speaker 1: great firm, guys. I've had Matt Hogan of Bitwise on
Speaker 1: a podcast many times, probably twenty times over the years.
Speaker 1: They've been ahead of the curve, you know, building a
Speaker 1: lot of cool crypto products and much more, and certainly
Speaker 1: a leader in the space, and they continue to innovate.
Speaker 1: So digital asset management firm bitwise has teamed that would
Speaker 1: decentralized finance lending protocol Morpho to launch non custodial on
Speaker 1: chain vaults aimed at generating yield. The move was announced
Speaker 1: on x on Monday, with Bitwise noting that its first
Speaker 1: vault will target an annual percentage yield of six percent
Speaker 1: by investing in over collateralized lending pools. Here's a quote.
Speaker 1: Finance is moving on chain vaults are a key part
Speaker 1: of that, offering investors a transparent way to earn yield
Speaker 1: on their assets. Bitwise and now I had interviewed the
Speaker 1: founder of Morpho I think it was last year actually,
Speaker 1: and they're doing some great things. They're working with coinbase,
Speaker 1: and they're a legit firm. So I'm going to check
Speaker 1: this out once it goes live, and I'll let you
Speaker 1: guys know if it's something I'm going to use. But
Speaker 1: you know, you always want to wait for things to launch,
Speaker 1: make sure they get all the kings and the bugs out,
Speaker 1: and then test it out and see for work. So
Speaker 1: I will definitely let you know. And it says here
Speaker 1: they're targeting a six percent annual percentage yield over collateralized
Speaker 1: lending pools. So the good thing is we have trusted
Speaker 1: institutions like bit wise and Morpho participating. So this is
Speaker 1: not any fly by night project or company that just
Speaker 1: popped up yesterday or last month. These companies have been
Speaker 1: around for a long time, lots of visibility, great teams,
Speaker 1: and much more. So again, I'll let you guys know
Speaker 1: if this is something I will be participating in. Folks,
Speaker 1: that's the news. Let me know what you think. Leave
Speaker 1: your thoughts and comments below, hit the thumbs up button,
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Speaker 1: I'll be putting out a write up later this week.
Speaker 1: Also check out my book on Amazon. It's available in
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Speaker 1: my course, which is a comprehensive course that teaches you
Speaker 1: everything you need to know about crypto. So if some
Speaker 1: of these things confuse you, guys, check out the course.
Speaker 1: It's one time fee, you get lifetime access go at
Speaker 1: your own pace. You could view the curriculum on the homepage,
Speaker 1: so go to Mycrypto course dot com. Folks, thank you
Speaker 1: so much for tuning in. I appreciate you all, and
Speaker 1: I'll talk to you all later