WEBVTT

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<v Speaker 1>The first XRP ETF in the United States is going

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<v Speaker 1>live tomorrow. I'll give you the details, who's the issuer

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<v Speaker 1>and what type of ETF it is. And the SEC

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<v Speaker 1>is hosting its next crypto roundtable this Friday. I'll share

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<v Speaker 1>the list of attendees. And one of the major crypto

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<v Speaker 1>investment firms is looking to go public this year on

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<v Speaker 1>the NASDAC. I'll give you all the details. Let's get

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<v Speaker 1>into it. Hey, everybody, welcome into the Thinking Crypto podcast,

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<v Speaker 1>your home for cryptocurrency news and interviews. I'm your host,

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<v Speaker 1>Tony Edward. On your way in. Please sit that subscribe

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<v Speaker 1>button as well so thumbs up button and leave a

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<v Speaker 1>comment below. If you're listening on a podcast platform such

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<v Speaker 1>as Spotify or Apple, please leave a five star rating

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<v Speaker 1>and review. Folks, there's nothing new to report on the price.

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<v Speaker 1>In this morning's live stream, we broke down the different

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<v Speaker 1>things that are happening and that Bitcoin, even though it

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<v Speaker 1>started moving below eighty k, still holding up strong. But

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<v Speaker 1>the stock market's still seeing a lot of pain, but

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<v Speaker 1>nothing new and we have to wait for there to

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<v Speaker 1>be some sort of resolution as it relates to the tariffs,

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<v Speaker 1>and in addition, some sort of signal from the FED

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<v Speaker 1>on ray cuts as well as quantitative easing. So at

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<v Speaker 1>this point it's a waiting game. So just want to

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<v Speaker 1>let you know about that. Now big news. We got

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<v Speaker 1>James Seyfford of Bloomberg, he's an ETF research analyst, said

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<v Speaker 1>that too, cream from saying that right is launching the

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<v Speaker 1>first XRP ETF in the US tomorrow. It's x XRP

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<v Speaker 1>will be a two x long XRP futures. So the

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<v Speaker 1>description from Bloomberg terminal is the two x long daily

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<v Speaker 1>XRP ETF is an ETF incorporated in the United States.

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<v Speaker 1>The fund seeks daily investment results before fees and expenses

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<v Speaker 1>that correspond to two times the daily priced performance of

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<v Speaker 1>XRP for a single day, not for any other period. So, guys,

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<v Speaker 1>a couple of takeaways here. One, the first XRP ETF.

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<v Speaker 1>Clearly there's demand for this asset. And we saw that

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<v Speaker 1>XRP futures went live on bitnomial and they will be

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<v Speaker 1>going live on coinbase later this month. We know that

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<v Speaker 1>there are over nine XRP spot ETF applications in with

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<v Speaker 1>the SEC Now there's also solana ETFs and much more

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<v Speaker 1>so the market wants all coin ETFs, and of course

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<v Speaker 1>xrps up there, and we had some resolution with the

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<v Speaker 1>Ripple case. We're still waiting for the SEC to put

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<v Speaker 1>the official announcement out, but the Ripple team highlighted that

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<v Speaker 1>this thing is essentially wrapped up. They'll pay their fifty

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<v Speaker 1>million dollars fine and move forward from there. So I

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<v Speaker 1>expect the XRP, Solana and other ETFs to get approved.

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<v Speaker 1>Is just a matter of time, and hopefully it doesn't

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<v Speaker 1>happen anytime soon. It happens when the market is rebounding

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<v Speaker 1>out of this tariff madness, right folks. So, but this

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<v Speaker 1>is a very good sign guys that this is going live.

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<v Speaker 1>We're just seeing a lot more products around XRP going live,

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<v Speaker 1>and like I said, there's appetite for a lot of

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<v Speaker 1>all coins, especially those in the top ten. We saw avax,

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<v Speaker 1>Hbar and even doge as well, So all good signs

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<v Speaker 1>of things to come. This is very bullish in my opinion. Now,

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<v Speaker 1>Attorney John Deeton weighed in on this news and he

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<v Speaker 1>highlighted the juxtaposition of how things were four years ago

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<v Speaker 1>versus now. He says, what a difference four years makes

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<v Speaker 1>and around this time four years ago, I was filing

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<v Speaker 1>a motion to intervene into the ripple case, asking Judge

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<v Speaker 1>Torres to allow a putative class of XRP holders to

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<v Speaker 1>become actual defendants in the case. Most lawyers laughed at

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<v Speaker 1>my motion, although to be honest, I didn't blame them

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<v Speaker 1>or even get mad. It had never been done before.

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<v Speaker 1>I knew Judge Torres would never force the sec to sue.

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<v Speaker 1>At the time twelve six hundred XRP holders, which eventually

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<v Speaker 1>grew to seventy five thousand. But man, did it send

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<v Speaker 1>the right message. Other than sending that message, my real

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<v Speaker 1>goal was to be appointed a MESI counsel with participatory right,

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<v Speaker 1>which in effect she did. In her summary judgment decision,

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<v Speaker 1>she ruled XRP itself is not a security, citing XRP

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<v Speaker 1>holder affidavits as one of the reasons for her decision.

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<v Speaker 1>On two separate occasions with her In a written ruling,

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<v Speaker 1>Judge Taurus cites the efforts we made the affidavits and

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<v Speaker 1>at footnote sixteen and today this is like the twentieth

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<v Speaker 1>XRP related etf. Never say you can't make a difference,

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<v Speaker 1>So shout out to John Right. He really helped in

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<v Speaker 1>getting this resolve and helped put the SEC in check

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<v Speaker 1>here under Gary Ginster's tenure. Of course, now moving ahead,

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<v Speaker 1>the SEC has a Crypto Task Force roundtable this Friday.

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<v Speaker 1>This will be their second and there are actually five

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<v Speaker 1>that are scheduled for this year, so this second one

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<v Speaker 1>will take place this Friday. This meeting will focus on

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<v Speaker 1>tailoring regulation for crypto trading and will include representativesm coinbased, UNISWAP, Cumberland,

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<v Speaker 1>Falcon Network and others. So the SEC tackling different aspects

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<v Speaker 1>of crypto at these different roundtables. Folks, this is what

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<v Speaker 1>we wanted to see under Gary Ginzer's tenure, but we

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<v Speaker 1>know his actions were politically motivated. He was a puppet

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<v Speaker 1>on strings being controlled by Elizabeth Warren, who was in

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<v Speaker 1>turn being controlled by the Tradify incumbents getting disrupted. But

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<v Speaker 1>it's night and day right, complete one eighty from what

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<v Speaker 1>took place over the past four years, and incredible what

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<v Speaker 1>the SEC is doing now to transparency, working with the industry,

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<v Speaker 1>having dialogue meetings and much more so. I'm very bullish

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<v Speaker 1>in the future of crypto guys. Things are setting up

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<v Speaker 1>really nicely here. Now. We also got news that Mike

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<v Speaker 1>novograts is Galaxy Digital is redomiciling from the Cayman Islands

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<v Speaker 1>to Delaware to take advantage of the US's new crypto

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<v Speaker 1>friendly environment. The company plans to list on the NASDAQ

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<v Speaker 1>after completing its reorganization. It currently lists on the Toronto

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<v Speaker 1>Stock Exchange now. Mike novograts tweeted about this, saying, this

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<v Speaker 1>is a big milestone for Get Galaxy. Our registration and

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<v Speaker 1>statement is now effective with the SEC. We're on track

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<v Speaker 1>to list on NASDA shortly after our shareholder vote on

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<v Speaker 1>May ninth, contingent on completing our reorganization. Let's go now.

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<v Speaker 1>Many of you may know Mike Novogratz is a billionaire investor.

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<v Speaker 1>He started in the tradfi markets. He came to crypto,

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<v Speaker 1>built a huge firm. They've invested in many different companies

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<v Speaker 1>and coins, and they've been successful. Now, many of you

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<v Speaker 1>know the blow up with Luna, right Mike, I think

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<v Speaker 1>absolutely regrets that he got a terror Luna tattoo on

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<v Speaker 1>his arm and all that. That was a shit show,

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<v Speaker 1>of course, but I think he's learned his lesson. But

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<v Speaker 1>regardless of that situation, Galaxy is a successful firm making

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<v Speaker 1>incredible returns. And again signs that people are bullish, they're

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<v Speaker 1>looking to go public. Right. We just saw a circle

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<v Speaker 1>filed to do an IPO. E Toro had also filed

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<v Speaker 1>to be or to go public. So the signs are

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<v Speaker 1>there that people see recovery in this market and the

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<v Speaker 1>bull market continuing, and that crypto will continue to grow

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<v Speaker 1>and going public and being listed publicly is going to

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<v Speaker 1>be big for them. So, guys, a sign of the

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<v Speaker 1>times and what's to come. Incredible stuff here now, guys.

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<v Speaker 1>Quick word from our sponsor, and that is Treasure. Treasure

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<v Speaker 1>big believer in self custody. I have been for years.

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<v Speaker 1>I've been told. I told you guys, I don't keep

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<v Speaker 1>my crypto and exchanges. I keep the majority on hardware

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<v Speaker 1>wallets and Treasure. Guys, they were the first to create

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<v Speaker 1>a hardware wallet. They started it all and in addition

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<v Speaker 1>they created the seed phrase setup, so they were the pioneers.

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<v Speaker 1>They started this in twenty thirteen. They have some very

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<v Speaker 1>support a variety of tokens, all your top tokens, your

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<v Speaker 1>doge coin, and they even support new coins, even institutional coins.

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<v Speaker 1>For example, they support black Rocks, Biddle, Tooken, Yes, the

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<v Speaker 1>tokenized Money Market Fund, which is incredible, and they have

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<v Speaker 1>a software suite called Treasure Suite that allows you to

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<v Speaker 1>easily manage all of this. And they also offer a

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<v Speaker 1>and running, and they answer all your questions. So Treasures

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<v Speaker 1>wallets are open source guys. They've been doing this for

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<v Speaker 1>a long time and they have amazing functionality and capabilities.

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<v Speaker 1>So if you'd like to learn more about Treasure and

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<v Speaker 1>grab a Treasure five a product that I use, you

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<v Speaker 1>can check out the link in the description. Now, folks

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<v Speaker 1>look at this. We continue to see major Wall Street

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<v Speaker 1>firms get involved in crypto, whether they're launching products, tokenizing,

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<v Speaker 1>or they're investing in different companies. And here Franklin Templeton

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<v Speaker 1>leads a seed round into a stable coin startup looking

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<v Speaker 1>to outsourced yield generation for users. So not only does

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<v Speaker 1>Franklin Templeton have ETOs, Big one, etherar metfs and they

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<v Speaker 1>have just recently filed for an exart p ETF. They

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<v Speaker 1>are tokenizing and now they're investing. Do you see where

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<v Speaker 1>things are headed? Right? They're not bearrish on crypto, guys,

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<v Speaker 1>black Rocks, not bearish on crypto. They're bullish, but they

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<v Speaker 1>have the macro view. So the company they let a

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<v Speaker 1>seed round in is called cap Cap and they led

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<v Speaker 1>an eight million dollar seed round. This is a blockchain

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<v Speaker 1>startup looking to launch an interest bearing stable coin and

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<v Speaker 1>accompanying lending market. So the funding round follows a one

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<v Speaker 1>point one million dollar community round on the crowdfunding platform

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<v Speaker 1>Echo created by Jordan kobe Fish. Previously, Angel investors in

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<v Speaker 1>cap included prominent members of the so called mega eth mafia,

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<v Speaker 1>venture capitalist Spencer Noon, Layer zero founder Brian Pellegrino, BlockWorks

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<v Speaker 1>founder Jason Janowitz, and investors as so sated with platforms

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<v Speaker 1>like ether Fi, Steakhouse Financial, and Meteoria. So Cap is

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<v Speaker 1>deploying its core protocol using the shared security marketplace eigenlayer,

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<v Speaker 1>which allows users to reuse the security generated from staked

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<v Speaker 1>assets around multiple platforms. The solution ultimately settles on Ethereum,

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<v Speaker 1>but will focus its growth and usage on megaeth. Then

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<v Speaker 1>they send etherorem layer to design as an alternative to

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<v Speaker 1>the roll up centric universe. Guys, I mean, I don't

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<v Speaker 1>know what else to say. I see the biggest firms

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<v Speaker 1>in the world on Wall Street, banks, stock exchanges are

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<v Speaker 1>much more going all in on crypto in many different

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<v Speaker 1>ways and facets. It's incredible. So this is I often say,

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<v Speaker 1>these type of news items are not making headlines on CNN, Fox, MSNBC,

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<v Speaker 1>the mainstream right. The masses are not paying attention to

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<v Speaker 1>what's happening here, but eventually they will. They're going to

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<v Speaker 1>be using the technology and they're going to come in late,

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<v Speaker 1>but the opportunities here to get in early and obviously

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<v Speaker 1>make great returns. Now, Crypto, of course is a global

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<v Speaker 1>asset class, and we continue to see a move towards

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<v Speaker 1>crypto globally. So Hong Kong allows crypto staking for licensed

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<v Speaker 1>platforms etf as global competition heats up. Guys. Remember what

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<v Speaker 1>I've been saying, and I wrote the newsletter. Hong Kong's

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<v Speaker 1>the testing around for China. I believe China is going

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<v Speaker 1>to open up ETF investing for bitcoin in e theorem

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<v Speaker 1>to its mainline citizens. And the reason why the ETFs

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<v Speaker 1>will be appealing it allows the capital to stay in

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<v Speaker 1>the country. One of the challenges or what the Chinese

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<v Speaker 1>government is trying to do is they've tried to put

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<v Speaker 1>various to capitalism leave their country. But if people put

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<v Speaker 1>it into bitcoin in the ETF format, it ain't go nowhere.

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<v Speaker 1>It's staying there, right, it's a financial product. Now if

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<v Speaker 1>they buy the bitcoin directly on exchanges, it can easily

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<v Speaker 1>be moved out. So this is why I believe China

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<v Speaker 1>is going to embrace this because it fits within what

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<v Speaker 1>the hell they're trying to do. Whether it's right or wrong,

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<v Speaker 1>it's not for me to debate or here, but I'm

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<v Speaker 1>just giving you my thoughts and the facts about what's happening.

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<v Speaker 1>So this is huge. So Hong Kong's top financial regulator

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<v Speaker 1>now allows licensed crypto platforms and exchange traded funds to

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<v Speaker 1>offer staking services, marking a step closer to the region's

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<v Speaker 1>ambition of becoming a cryptocurrency hub. Guys game theories playing

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<v Speaker 1>out here dominoes are falling globally. In a statement release Monday,

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<v Speaker 1>the Hong Kong Securities and Futures Commission said it provided

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<v Speaker 1>regulatory guidance about staking for licensed virtual asset trading platforms

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<v Speaker 1>and for crypto ETFs. Here's a quote. We have noted

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<v Speaker 1>investors demand for staking services and the potential for staking

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<v Speaker 1>activities to contribute to the security of the blockchain now work.

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<v Speaker 1>The SFC stipulates that vatps must obtain the regulator's prior

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<v Speaker 1>written approval before offering staking service, and crypto ETFs are

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<v Speaker 1>also required to seek approval to engage in staking. Specifically,

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<v Speaker 1>crypto firms are required to implement safeguards to prevent service

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<v Speaker 1>related errors, protect clients staked crypto assets, and clearly disclose

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<v Speaker 1>associated risks. Guys, is what I've been saying for a

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<v Speaker 1>long time. They're not gonna ban it, they're gonna embrace it.

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<v Speaker 1>They're gonna put the guardrails, they're going to tax the

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<v Speaker 1>hell out of it, right because they want their revenue

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<v Speaker 1>off of it, of course, and I hope you recognize

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<v Speaker 1>that globally, there's a movement, a race here for the

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<v Speaker 1>land grab. Now. One of the things we're waiting for

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<v Speaker 1>here in the United States is for the SEC to

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<v Speaker 1>prove staking in the etherorem ETF, and then when they

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<v Speaker 1>add other proof of steak all coin ETFs, they also

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<v Speaker 1>include staking there. I think, as I've been saying, that

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<v Speaker 1>once staking is added to the eth ETF, it will

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<v Speaker 1>attract a lot more inflows and it could be a

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<v Speaker 1>strong narrative and catalyst that drives the price of etheroum

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<v Speaker 1>higher as the bullmarket continues, and helps ETH because it's

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<v Speaker 1>and suffering this bull market. So very bullish news here.

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<v Speaker 1>Now this is news I highlighted in the livestream earlier,

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<v Speaker 1>but I have to, you know, mention it again because

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<v Speaker 1>it's so huge. So former Binance CEO and of course

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<v Speaker 1>the founder, cz Or changpangs out. He just was appointed

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<v Speaker 1>by the Pakistan government as a strategic advisor to Pakistan's

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<v Speaker 1>Crypto Council. Remember he just did this for Kyrgyzstan. So

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<v Speaker 1>shout out to Sizi man, he's doing some amazing work here.

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<v Speaker 1>I know, indirectly this helps Binance, so it's a smart

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<v Speaker 1>move on his part, but it also helps the adoption

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<v Speaker 1>of crypto and he's going to these countries you know,

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<v Speaker 1>who are maybe smaller countries. They don't have all the resources,

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<v Speaker 1>they don't have maybe a lot of entrepreneurs in the

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<v Speaker 1>crypto industry there. So he's going educating them, advising them

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<v Speaker 1>on blockchain and much more so. Once again, look at

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<v Speaker 1>where the puck is going right for crypto. Incredible stuff here.

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<v Speaker 1>I mean this is just huge and countries which you

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<v Speaker 1>wouldn't even think about would be involving crypto, like what

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<v Speaker 1>I've thought. Okay, what about Podkistan, right or Kyrgyzstan. You know, somebody,

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<v Speaker 1>these countries are very small. You don't hear much about them.

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<v Speaker 1>They're not top of mind. But look, crypto is a

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<v Speaker 1>global asset class in technology. I'll say it for the

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<v Speaker 1>million time. Your economy, your markets, and your government will

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<v Speaker 1>be running on blockchain. That is the future. As Larry

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<v Speaker 1>Thing said, tokenization is the future of finance. They're going

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<v Speaker 1>to put everything on the blockchain, guys. So that's the news.

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<v Speaker 1>I know the tower of stuff is causing a lot

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<v Speaker 1>of fear and uncertainty, but guys, look past it. As

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<v Speaker 1>always when in dowed zoom out, it's all higher highs

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<v Speaker 1>and higher lows. Yes, we have a roller coaster ride

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<v Speaker 1>in the markets. Yes there's crashes in markets, right, it

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<v Speaker 1>has happened throughout history. But what happens recovery. They're going

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<v Speaker 1>to print money the world government's essential banks, the FED

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<v Speaker 1>is going to do it. They may not call it

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<v Speaker 1>quantitative easing, they'll call it something else. But as long

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<v Speaker 1>as they're injecting liquidity and that comes from debasing the currency,

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<v Speaker 1>asset prices will rise. So I hope you understand how

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<v Speaker 1>this game works, and you understand the macro here, and

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<v Speaker 1>you're not listening to Jim Kramer, but you understand the

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<v Speaker 1>principles of the market and what's going on. Folks, let

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

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<v Speaker 1>below hit the thumbsup button. A great way you can

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<v Speaker 1>support me in the podcast is by subscribing to my

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<v Speaker 1>free email newsletter on substack. It's one hundred percent free.

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<v Speaker 1>Also check out my book on Amazon. It's available in

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<v Speaker 1>paperback and digital. And my new course at mycryptocurse dot

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<v Speaker 1>com Expand your crypto knowledge. Knowledge is power. This is

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<v Speaker 1>a comprehensive course that covers every aspect of crypto. It's

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<v Speaker 1>at mycryptocurse dot com. Guys, thank you for watching and listening.

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<v Speaker 1>I appreciate you all. And i'll talk to you all

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<v Speaker 1>later two of three two