Speaker 1: Integrates the etherorem naming service into its crypto payments infrastructure,
Speaker 1: and Vello Labs as integrated. Black Rocks took an ice
Speaker 1: fun biddle into USDV. And the big debate between Kamala
Speaker 1: Harris and Donald Trump is tonight, will crypto come up
Speaker 1: as a topic. We're gonna break this down. Let's get
Speaker 1: into it. Hey, everybody, welcome into the Thinking Crypto podcast,
Speaker 1: your home for cryptocurrency news and interviews. I'm your host,
Speaker 1: Tony Edward. On your way in, please hit that subscribe
Speaker 1: button as well as a thumbs up button and leave
Speaker 1: a comment below. If you're listening on a podcast platform
Speaker 1: such as Spotify or Apple, please leave a five star
Speaker 1: rating and review. Well, folks, the big debate is tonight
Speaker 1: between Donald Trump and Kamala Harris, and the folks that
Speaker 1: Stand with Crypto are making a push to have crypto
Speaker 1: be asked as one of the questions. And the network
Speaker 1: that's hosting this debate is ABC, so stand with Crypto
Speaker 1: tag them. Had a whole sign up form that was
Speaker 1: started yesterday and I did a pull on x folks
Speaker 1: and the majority of you are saying crypto will not
Speaker 1: come up as a topic, right now fifty nine point
Speaker 1: nine percent say no, forty point one percent say yes.
Speaker 1: So hopefully it does come up as a topic that
Speaker 1: would be really great. And we know it's an important
Speaker 1: topic to Donald Trump, he's campaigning on it. And Kamala Harris,
Speaker 1: while her campus said she will support crypto, we have
Speaker 1: not heard one word from her about it. She has
Speaker 1: not put it into her policy and agenda and so forth.
Speaker 1: So we want crypto to be a bipartisan issue. It
Speaker 1: should not be an election issue. So my hope is
Speaker 1: that Kamala Harris will come around and start supporting crypto
Speaker 1: so we can take it off the table and we
Speaker 1: can debate and vote on other issues. Right, but crypto
Speaker 1: a technology, should not be a debate issue. It shouldn't
Speaker 1: be partisan, guys. It has to be bipartisan. And we
Speaker 1: actually need both Democrats and Republicans to get crypto right
Speaker 1: in the United States with legislation. It can't just be
Speaker 1: one part, So we need both candidates to support this topic. Now,
Speaker 1: we got some big news coming out from PayPal. So
Speaker 1: PayPal Venmo integrate Etheroreum naming service for crypto payments. This
Speaker 1: is a big integration, folks, big adoption for Etherorem. We
Speaker 1: know PayPal is already using Etherorem because it has launched
Speaker 1: its stable coin p y u s the on the
Speaker 1: Ethereum blockchain. Also, PayPal and Venmo both offer crypto trading.
Speaker 1: Right you can buy bitcoin, etherorem and so forth. So
Speaker 1: let me give it to details. PayPal and Venmo have
Speaker 1: integrated the Ethereum Naming Service NS into their payments platforms.
Speaker 1: N S Labs announced tuesday. NS is a decentralized naming
Speaker 1: system built on the Ethereum blockchain that gives readable names
Speaker 1: to crypto addresses. Now, users of PayPal and Venmo can
Speaker 1: enter the recipient's NS named directly in the search field
Speaker 1: when sending crypto, and the payment platforms will automatically identify
Speaker 1: the wallet addresses linked to the ENS. The feature will
Speaker 1: be available for US users first. According to the release, folks,
Speaker 1: this is a core infrastructure item that is needed for
Speaker 1: the global adoption of crypto for billions of people to
Speaker 1: come in. Because not everyone is going to be comfortable
Speaker 1: with the long hash addresses right the wallet addresses. Not
Speaker 1: everyone is going to be able to navigate the ability
Speaker 1: to share wallet addresses and do all these things. But
Speaker 1: if they have a name that's blockchain friendly, kind of
Speaker 1: like a domain name. Right, you go to thinkingcrypto dot com,
Speaker 1: that's my website, or you can go to Tony Edward
Speaker 1: dot com. Well, if you have thinkingcrypto dot ether or
Speaker 1: thinkingcrypto dot whatever, and you give that to people, they
Speaker 1: can simply type that into whatever platform they're using and
Speaker 1: send you crypto. And the great thing is many of
Speaker 1: these naming services are becoming interoperable with different blockchains. So
Speaker 1: you can send bitcoin, eth, madic, XRP, whatever it is,
Speaker 1: and the service will automatically designate the funds to the
Speaker 1: approach its wallet. And that is the future. That's how
Speaker 1: it has to work because there are so many chains
Speaker 1: and so many tokens, and I've often talked about we're
Speaker 1: headed to the token economy, right, So if you have
Speaker 1: even tokenized assets on the Ethereum blockchain or an avalanche
Speaker 1: or whatever it may be, there needs to be interoperability.
Speaker 1: We can't be segmented where it's like, oh, you're on
Speaker 1: etherorem and I'm on Soalana. Oh, I guess we can't
Speaker 1: do anything. We can't send each other anything. It can't
Speaker 1: work that way. NFTs Tokenized Assets stable coins, crypto assets
Speaker 1: all will need to be interoperable, and having a name
Speaker 1: service like this will be a common thing where everyone
Speaker 1: will have this similar to once again like a domain
Speaker 1: name or a social media handle, right, and they can
Speaker 1: just give that, Oh, you want to send me some funds,
Speaker 1: go to Jane do dot ether right, a simple example.
Speaker 1: But that is where we're headed to, and the infrastructure
Speaker 1: needs to be built out and it needs to be
Speaker 1: interoperable as mentioned, but when you have a payment like
Speaker 1: PayPal integrating it, it will help to push mass adoption.
Speaker 1: So this is very bullish for the mass adoption of crypto,
Speaker 1: but also super bullish for Etheroreum And in full disclosure,
Speaker 1: I am an ETH token holder and bullish on ETH.
Speaker 1: I think Eth could get to ten k at least
Speaker 1: this bull market cycle. That's not a guarantee, that's not
Speaker 1: a certainty. That's just my prediction and we'll see if
Speaker 1: he does get there, but even if not, in it
Speaker 1: just tops out a eight thousand, I'm fine with that.
Speaker 1: I'll be taking profits now. Moving ahead, Paxos is set
Speaker 1: to expand to arbitrum, any therum layer to network, so
Speaker 1: more bullish news for ethereum as well. As Arbitram, Paxos.
Speaker 1: Select stable coins are currently available on Ethereum, the Polygon
Speaker 1: proof of State network and Solana. So Paxos they helped
Speaker 1: to launch different stable coins. I had interviewed Charles Cascarilla,
Speaker 1: who's the CEO of Paxos over the years. I'm trying
Speaker 1: to get some folks on. I remember they're working with
Speaker 1: PayPal to launch their stable well to help process their
Speaker 1: stable coin, which is all already launched. They were also
Speaker 1: working with finance, with busd and much more so. Paxos
Speaker 1: is a big infrastructure player and it's great to see
Speaker 1: that they're expanding their stable coins onto another blockchain, arbitrump
Speaker 1: and as I just said, interoperability multiple chains. We need
Speaker 1: it all to function together, folks. So all bullish news now,
Speaker 1: speaking of bullish news, Vello and I don't hold this token, guys.
Speaker 1: Vello has a token. You can check it out on
Speaker 1: coin market cap. I don't hold it. It's not possible
Speaker 1: to invest into everything. But they got some very bullish
Speaker 1: news here. They tweeted out vellow Labs incorporates black Rocks
Speaker 1: tokenized short term Treasury Fund BIDDLE into USDV, enhancing seamless
Speaker 1: transactions and yield opportunities for over one million users in
Speaker 1: Southeast Asia with securitized backed by Blackrock. This move strengthens
Speaker 1: the defied landscape in the region. A monumental leap in
Speaker 1: blockchain powered payments and trading. Big move here by Velo,
Speaker 1: very smart, and they're working with the folks Securities who
Speaker 1: are working with Blackrock. Securities helped black Rock to launch
Speaker 1: your tokenization initiatives. And if you saw my interview with
Speaker 1: Carlos Domingo's CEO and co founder of Securities that was
Speaker 1: published about a month ago or so, we talked a
Speaker 1: lot about how they're working with black Rock, So if
Speaker 1: you haven't seen the interview and be sure to check
Speaker 1: it out. So they said here with USDV now backed
Speaker 1: by black Rocks institutional grade Biddle fund, users across Southeast
Speaker 1: Asia can enjoy bank free transactions, cross border money transfers,
Speaker 1: and even store of value, all while earning competitive unchain yields.
Speaker 1: This is really great and shows the ability of crypto
Speaker 1: to offer great returns and yields. Now, the problem is
Speaker 1: here in the United States, we don't have clarity, so
Speaker 1: you know, staking is still being threatened by Gary Gins
Speaker 1: and the SEC had much more, but eventually we'll get
Speaker 1: regulations and more of these products can be launched here
Speaker 1: in the United States. But this is big news if
Speaker 1: you're a vellow token holder. So once again you can
Speaker 1: check out this token. I don't know too much about it.
Speaker 1: I'm still researching it, but I don't hold any as
Speaker 1: in full disclosure. Now, quick word from our sponsor, and
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Speaker 1: Link will be in the description. Now, guys, yesterday I
Speaker 1: told you about the defied Congressional hearing and that took
Speaker 1: place this morning and it was a really good hearing.
Speaker 1: It was the first ever about DeFi and it's great
Speaker 1: that this is a topic coming up because we've seen
Speaker 1: a lot of regulatory uncertainty around DeFi here in the
Speaker 1: United States, a lot of attacks on DeFi, and we
Speaker 1: need to educate the folks in DC about this and
Speaker 1: help get people to support the proper balance legislation. Here.
Speaker 1: Ron Hammond says, we are live at the first Congressional
Speaker 1: hearing on DeFi. This is setting the stage for policy
Speaker 1: priorities for twenty twenty five and largely expected to be educational.
Speaker 1: Taylor Barr of the Digital Chambers said by exploring nuanced
Speaker 1: topics like DeFi and tokenization, Representative French Hills Subcommittee shows
Speaker 1: they are committed to maintaining US leadership in the digital economy.
Speaker 1: So I'm going to try to get Frenchchill back on
Speaker 1: the podcast to talk about this. But Taylor said this
Speaker 1: is critical to have this discussion to keep the momentum going.
Speaker 1: After the FIT twenty one bill passing the House in May, remember,
Speaker 1: seventy one Democrats joined the Republicans to get that through
Speaker 1: and we need to get that some sort of a bill,
Speaker 1: whether it's Cynthia Lummis and Jillibrand's version through the Senate
Speaker 1: or the FIT twenty one through the Senate. We have
Speaker 1: to get it through the Senate and eventually whoever's president
Speaker 1: to sign it into law. But this is a big
Speaker 1: move now. It wasn't without controversy because you had your
Speaker 1: anti crypto army people. Elizabeth Warrens cronies were of course here,
Speaker 1: Brad Sherman and even Representative Sean Caston, who's a Democrat,
Speaker 1: no surprise there, and if you look at Stanford Crypto's website,
Speaker 1: he is strongly against crypto. He voted against the CBDC
Speaker 1: Anti Surveillance State Act, he voted against FIT twenty one,
Speaker 1: so he didn't join his Democrat colleagues. He voted against
Speaker 1: this SAB one two one House Joint resolution, So a
Speaker 1: big time brown newser of Elizabeth Warren. And of course
Speaker 1: the Sherminador Brad Sherman was there, you know, talking some
Speaker 1: sort of bullshit, his normal nonsense. You know, sometimes you
Speaker 1: have people who are anti crypto, who are tickle it,
Speaker 1: and they can form a good thought and you know
Speaker 1: they'll present an argument and so forth, and you can actually,
Speaker 1: you know, sit down and listen to them in reason
Speaker 1: with them. But Brad Sherman is like the crazy uncle
Speaker 1: or crazy grandpa. All right, who's who's living somewhere up
Speaker 1: in the mountains. And then he comes out and he's
Speaker 1: talking all kinds of madness. So he was, you know,
Speaker 1: making all kinds of weird statements as usual. I remember
Speaker 1: he's the one that talked about mongoose coin and all
Speaker 1: kinds of stuff in the past. He's just a joke
Speaker 1: at this point. Now, speaking of Elizabeth Warren's clown army,
Speaker 1: let's talk about Gary Genser. So the SEC is doubling
Speaker 1: down on SAB one two one. There's an update here
Speaker 1: saying that they don't want to step back with SAB
Speaker 1: one to one, even though the Government Accountability Office had
Speaker 1: called this thing out saying it needs to go through Congress.
Speaker 1: We know that Congress tried to repeal this thing, but
Speaker 1: Joe Biden ultimately vetoed it. But you know, the SEC
Speaker 1: is doubling down. But it's not so much hester pers
Speaker 1: or market way to it is Gary Ginster and the
Speaker 1: other two Democrat commissioners, and apparently Gary ginser internal comments
Speaker 1: were mistakenly released to the public. Kitlin Long highlighted it.
Speaker 1: It's not related to cryptos specifically, but it just shows
Speaker 1: the secs just a joke sometimes. And you remember they
Speaker 1: got their Twitter account hacked with the bitcoin ETF launch
Speaker 1: and much more. Gary, I don't know what to say, man.
Speaker 1: I hope that he gets fired if Donald Trump wins
Speaker 1: and or Kamala Harris wins, that Gary's out of there
Speaker 1: because he's a scumbag regulator. Now, the Japanese public company
Speaker 1: Meta Planet continues to buy more bitcoin. They are the
Speaker 1: Michael Sailor micro Strategy of Japan, but they are ahead
Speaker 1: of the curve folks, and it's a smart move. And
Speaker 1: micro STRATEGI has figured out this arbitrage with their stock
Speaker 1: and so forth. And I think this Japanese company, Metaplanet
Speaker 1: is realizing that that they can make some really nice
Speaker 1: returns and boost the value of their company and stock
Speaker 1: value and so forth. We got news here that crypto
Speaker 1: ETFs from State Street and Galaxy Digital begin trading. So
Speaker 1: State Treat is a massive Wall Street bank. Galaxy Digital
Speaker 1: of course headed up by Mike Novograts. These are two
Speaker 1: big players here. So the two firms. New funds provide
Speaker 1: mixed exposure to various companies associated with blockchain technology in
Speaker 1: addition to cryptocurrencies through futures and other ETFs. The three
Speaker 1: funds started trading today under the tickers DECO, d ECO,
Speaker 1: HEKO h E c O and tech x t e
Speaker 1: k X. So great to see that different financial products
Speaker 1: are being launched around crypto folks. This is really bullish
Speaker 1: for their future adoption at crypto. Now, let's end it
Speaker 1: on some really positive news. Former Alameda CEO Caroline Ellison
Speaker 1: SPS one time girl friend and fling right. She is
Speaker 1: sent to face sentencing on September twenty fourth, following the
Speaker 1: FTX follow up. So I was wondering, Actually just the
Speaker 1: other day, I was like, what happened to Caroline Ellison?
Speaker 1: When is she going to jail? Right? All these crooks,
Speaker 1: what it's Alex Mashinsky, Sam Bank, Murfee, Caroline Ellison, all
Speaker 1: of them need to go to jail. You do the crime,
Speaker 1: you paid the time, and they scammed a ton of people.
Speaker 1: They put a big black stain on the crypto industry.
Speaker 1: Thankfully we're coming out of that, and I think the
Speaker 1: industry is maturing and growing from here, and Wall Street's
Speaker 1: here right, Black Rock Fidelity and so forth. But these
Speaker 1: people need to go to jail. They need to stay
Speaker 1: away from crypto. So Ellison's lawyer asked the judge on
Speaker 1: Monday to redact some names and information regarding her living
Speaker 1: situation that they say could put her at risk. So
Speaker 1: she needs to go to jail. Sam Beck mcfred is
Speaker 1: in jail. So nature is healing folks. All right, folks,
Speaker 1: that's the news. Leave your thoughts and comments below hit
Speaker 1: the thumbs up button. Don't forget to sign up for
Speaker 1: my free email news that are on substack filled with
Speaker 1: crypto knowledge and insights. Also, be sure to grab a
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Speaker 1: and paperback and digital, also available on Barnes Andnobles dot com.
Speaker 1: Grab a copy to support the podcast, Buy a few
Speaker 1: copies for your friends and family. Give it to them
Speaker 1: as gifts, guys, as the holidays come up and so forth.
Speaker 1: It will make a great gift to help them understand crypto.
Speaker 1: What the hell is happening here? It includes some investment
Speaker 1: tips and so forth. And if you bought a copy,
Speaker 1: my friends, please please please leave a rating and review
Speaker 1: it will help out my rankings. Thank you so much,
Speaker 1: I appreciate you all, and I'll talk to you all
Speaker 1: later