Speaker 1: Hey everyone, Welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
Speaker 2: On your way in.
Speaker 1: Visit that subscribe button as well as a thumbs up
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Speaker 1: a podcast platform such as Spotify or Apple, please leave
Speaker 1: a five star rating and review. Folks, it's great to
Speaker 1: be back. Many of you know, I took a vacation.
Speaker 1: I was actually out in the desert. I visited the
Speaker 1: Grand Canyon. I was in Utah as well, checking out
Speaker 1: different caves. I did some off roading on ATVs. So
Speaker 1: it was great to disconnect and be in nature. And
Speaker 1: those of you who visited the Grand Canyon, it's just
Speaker 1: an amazing place, just incredible, and it was one of
Speaker 1: my bucket lists items.
Speaker 2: So it was great to be able to do that.
Speaker 1: But it's good to be back as well and excited
Speaker 1: to talk about the latest crypto news. So let's start
Speaker 1: with Bitcoin. So, folks, the Bitcoin daily chart is not
Speaker 1: looking too good right now. Bitcoin is trading above seventy
Speaker 1: six thousand dollars. There is a bearish cross on the
Speaker 1: mac D that's not good. It looks like bears are
Speaker 1: gaining momentum and we could see some downward pressure. Now,
Speaker 1: this did happen recently where Bitcoin had that big dump
Speaker 1: down to sixty five K before rallying back up to
Speaker 1: about seventy AK, which you know we're kind of in
Speaker 1: the midst of that are coming off that rally, So
Speaker 1: it doesn't mean that the relief rally itself is over.
Speaker 1: But we have to be very careful here because this
Speaker 1: could be the extent of the relief rally. Even though
Speaker 1: Bitcoin did not officially touch the overbought zone on the RSI,
Speaker 1: it did go nearer to about a sixty six sixty seven,
Speaker 1: and we know anything seventy and above is overbought, so
Speaker 1: we have to be careful here. Bitcoin could roll over
Speaker 1: go test the lows of fifty AK, which it hit
Speaker 1: back in February, or it could go lower. Some analysts
Speaker 1: are calling for the low fifties, fifty K, fifty two K,
Speaker 1: some people are saying forty ks. Right. I'm not saying
Speaker 1: that's definitely going to happen, but what I am saying
Speaker 1: you can't rule the possibility here because no one has
Speaker 1: a crystal ball, and we have to look at all
Speaker 1: the different scenarios and see which one has the higher
Speaker 1: probability of playing out. So I think some sort of
Speaker 1: pullback is definitely in the books here based on the
Speaker 1: metric of the mac D where the bearish cross, how
Speaker 1: low we go we shall see. You know, it could
Speaker 1: simply bounce back up after a few weeks and then
Speaker 1: we keep rallying. Right, that is a possibility, So we're
Speaker 1: gonna have to wait and see. One thing I am
Speaker 1: concerned about, which makes me think that we may go
Speaker 1: test some lows of around fifty AK or so, is
Speaker 1: this stock market is in the OVERBOUGHD zone and it's
Speaker 1: mac D on the daily is about to cross bearish
Speaker 1: as well. It shows the bulls are losing momentum. So
Speaker 1: if the stock market is showing weakness, it's rolling over
Speaker 1: and Big Quin's already starting it right. Big Quinn's kind
Speaker 1: of the Canary Nicole mine here showing what's to come.
Speaker 2: Right. You look at the S and P.
Speaker 1: Five hundred, even look at the NAS that same situation.
Speaker 1: So let's see what happens in the coming weeks. But
Speaker 1: it looks like things are going to cool down here.
Speaker 1: What I am looking to see if this is the
Speaker 1: end of the bigcoin rally and it's going to roll over.
Speaker 1: Could all coins start to rally, you know, it's possible,
Speaker 1: or maybe bigcoin good again, not really ending the really
Speaker 1: rally just has a strong pullback. Then it starts bouncing,
Speaker 1: you know, come late May or whatever it may be.
Speaker 1: Maybe some bullish news about the Clarityact starts coming out,
Speaker 1: you know, and then we see the bigcoin continue to
Speaker 1: rally to maybe eighty k or above. Then you have,
Speaker 1: let's say, all coins follow. So these are things I'm
Speaker 1: looking at and thinking about and you should be aware of.
Speaker 1: So let's continue to monitor the charts, continue to look
Speaker 1: at the stock market because there is a high correlation here.
Speaker 1: All right, let's jump into some news because we do
Speaker 1: have some very big news that we need to talk about.
Speaker 1: So US Secretary of War Pete Heg Saith says he
Speaker 1: is a long enthusiast of bitcoin and agrees it is
Speaker 1: a tool to project power. Let me play a clip here.
Speaker 3: Do you share the opinion that bitcoin is a tool
Speaker 3: to project power? And are there any department wide initiatives
Speaker 3: to ensure the US secures a strategic advantage in bitcoin
Speaker 3: and combats China's digital authoritarianism?
Speaker 4: I guess my short answer would be yes and yes,
Speaker 4: a long and enthusiast of bitcoin and crypto potential and
Speaker 4: a lot of the things we're doing enabling it or
Speaker 4: defeating it is our classified efforts that are ongoing inside
Speaker 4: our department, which I do provide us a lot of
Speaker 4: leverage in a lot of different scenarios.
Speaker 1: So big statements, And what we've seen recently is one
Speaker 1: of the admirals came out and said, you know, he's
Speaker 1: a believer in bitcoin and crypto and the US needs
Speaker 1: the lead in it. So we're seeing some very bullish
Speaker 1: statements about bitcoin and crypto and blockchain technology from very
Speaker 1: important people who hold significant positions in the US government.
Speaker 1: So as we talked about, guys, the future is blockchain rails,
Speaker 1: where the economy, the capital markets, and the government's all
Speaker 1: running on block chain rails. And we're still very early,
Speaker 1: So these are big statements. Now tech giant Meta starts
Speaker 1: paying some creators in stable coin, which stripes support Submeta,
Speaker 1: which owns Facebook, going all in on stable coins.
Speaker 2: Guys.
Speaker 1: If you know your history, they tried to do the
Speaker 1: Libra stable coin, which was backed by a bunch of
Speaker 1: different currencies back in twenty eighteen, twenty nineteen, and of
Speaker 1: course that got blocked by Congress right immediately. You know,
Speaker 1: Facebook was ahead of the curve there, but it was
Speaker 1: the wrong time. But we now have the Genius Act
Speaker 1: in place, we have legislation, so now they can go
Speaker 1: all in. And of course they've got a huge network
Speaker 1: of people on their platforms with different social platforms like Instagram,
Speaker 1: Facebook and much more. Some Meta has begun rolling out
Speaker 1: stable coin payouts to select creators, allowing them to receive
Speaker 1: earnings in USDC on the Solana or Polygon blockchains, so
Speaker 1: big win for USDC stable coin, which is issued by Circle.
Speaker 1: Also it's on the Solana and Polygon blockchains, so I
Speaker 1: do hold Bold tokens. This is where you want to
Speaker 1: look at which blockchains are getting adopted and make sure
Speaker 1: you hold those tokens in your portfolio. The program, supported
Speaker 1: by payments firm Stripe, lets eligible users link a crypto
Speaker 1: wallet and generates tax documents from both Meta and Stripe
Speaker 1: tied to creators earnings and digital asset transactions. The initiative
Speaker 1: marks Meta is a renewed push into stable coin payments
Speaker 1: after its earlier Libra later DM project was shut down
Speaker 1: amid regulatory scrutiny, So let's keep.
Speaker 2: An eye on this.
Speaker 1: This is really big and many of you may recall
Speaker 1: I recently interviewed the head of crypto at PayPal and
Speaker 1: one of the things we discussed is that YouTube is
Speaker 1: using PayPal stable coin py us need to pay out
Speaker 1: creators as well, So this is something to pay attention to.
Speaker 1: As the creator economy, it's going to start integrating stable coins,
Speaker 1: and I believe eventually those stable coins are going to
Speaker 1: be rolled out to people on the platform to be
Speaker 1: able to move easily and much more so every big
Speaker 1: adoption news here. Guys, these companies have huge networks of
Speaker 1: customers and users and they can easily get just mass
Speaker 1: adoption of their stable coins and what they're trying to
Speaker 1: do with crypto. But this is a great example of again,
Speaker 1: the future is capital markets, payments, governments, economies running on
Speaker 1: blockchain rails. And speaking of stable coins, Visa expands its
Speaker 1: stable coin settlement pilot to nine blockchains, adding Base, Polygon Circles, Arc,
Speaker 1: Canton Network, and Tempo. So the credit card company's MasterCard,
Speaker 1: Visa all in a race to try to get as
Speaker 1: much adoption of their stable coin platforms and much more.
Speaker 1: Here's another example of Germany's all Unity expands eu are
Speaker 1: Au to Solana as euro stable coins gain traction. So
Speaker 1: this is happening across the globe. So all Unity has
Speaker 1: expanded its MICA regulated eu are Au stable coin to
Speaker 1: the Salona blockchain to enable faster, cheaper Euro denominated transfers.
Speaker 1: The move is aimed at businesses and developers who want
Speaker 1: to move Euros on chain in seconds for purposes including
Speaker 1: cross border payments, trading, lending, and treasury management. The move
Speaker 1: comes amid rapid growth in euro stable coins and political
Speaker 1: support in Europe as regulators and officials push for more
Speaker 1: compliant Euro denominated digital assets and tokenized deposits. Guys, do
Speaker 1: you see what's happening? It's again, this is a global
Speaker 1: acid class and a global movement with stable coins, blockchain, teching,
Speaker 1: crypto and again Solana being used here and I hold
Speaker 1: the sole token to my portfolio and not financial advice. Obviously,
Speaker 1: do your research, but these are things you want to see.
Speaker 1: Which blockchains are getting built on, getting the utility, the
Speaker 1: building and much more and even more. Stable coin news,
Speaker 1: Anchorage Digital and m zero team up to power next
Speaker 1: wave of regulated stable coins. So Anchorage Digital, the US
Speaker 1: is first federally chartered crypto bank, has tapped m zero
Speaker 1: as its core technology partner. Anchorage's aim is to become
Speaker 1: the primary engine for institutions looking to mint and manage
Speaker 1: regulated stable coins. M Zero's protocol for global institution to
Speaker 1: mint fully configurable stable coins is already used by the
Speaker 1: likes of Stripe, moonpay, and MetaMask. Now I've interviewed the
Speaker 1: founder and CEO of m zero, I believe was last year,
Speaker 1: and they're doing some really cool things. And I've of
Speaker 1: course interviewed the CEO of Anchorage Digital, so I'll try
Speaker 1: to get both of those folks back on the pod
Speaker 1: to talk about this. But again, just the infrastructure being
Speaker 1: set up here for more mass adoption of stable coins
Speaker 1: and crypto, and obviously you want to pay attention to
Speaker 1: which blockchains are getting the adoption or if folks.
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Speaker 1: Tether backed Ubit rolls out virtual visa cars, AI agent
Speaker 1: USDT spending. So AI agents are of course going to
Speaker 1: use stable coins and crypto assets and digital assets. They're
Speaker 1: not gonna use cash obviously, and even the traditional credit
Speaker 1: card rails or payment rails they're gonna use digital currencies.
Speaker 1: So uh, it's incredible the technology in the infrastructure that's
Speaker 1: being built.
Speaker 2: So crypto wallet's startup.
Speaker 1: Ubit, has launched a visa supported virtual card for AI
Speaker 1: agents to make online purchases and USDT on behalf of
Speaker 1: businesses without human intervention. The agent cards are funded directly
Speaker 1: from from stable coin issuer Tether's treasury, meaning no fiat
Speaker 1: on ramp or conversions are needed for AI agents to
Speaker 1: top up USDT balances and make online purchases, ubit said
Speaker 1: on Thursday. The tetherback startup said the EI agents could
Speaker 1: use the cards to do anything from renewing a software
Speaker 1: as a service subscription, to topping up and advertising budget
Speaker 1: or even spinning up cloud infrastructure at three am because
Speaker 1: a workflow told it too incredible. What is being built.
Speaker 1: It just blows my mind and I can't wait to
Speaker 1: see by twenty thirty what this all looks like when
Speaker 1: it starts to mature, right, because right now we are
Speaker 1: in the trial and error phase from any of these things.
Speaker 1: Then there will be a rollout of the version one,
Speaker 1: and then of course there's going to be bugs in it, right,
Speaker 1: They're gonna have to weed out all the bugs and
Speaker 1: the kinks and then fine tune it.
Speaker 2: And then I'm curious.
Speaker 1: To you would version two and three looks like. But
Speaker 1: I hope you guys see where the puck is heading.
Speaker 2: Right.
Speaker 1: This is not a fad. They're building the infrastructure for
Speaker 1: the AI agent economy, and it's going to use stable
Speaker 1: coins in blockchain tech. Now, PayPal restructures into three core
Speaker 1: units with crypto and payments now a standalone division. I
Speaker 1: mean PayPal legacy payments company been around for a long time.
Speaker 1: Now has a division. They're dedicated to crypto. Right, so
Speaker 1: they got their own stable coins. Their platforms, both PayPal
Speaker 1: and Venmo offer crypto trading and wallet services and much
Speaker 1: more so. Incredible stuff. Okay, moving ahead, coinbases Acid Manager
Speaker 1: to offer a stable coin credit fund with tokenized share class.
Speaker 1: This is an interesting one. Coin based Asset Management is
Speaker 1: introducing a credit fund tied to stable coin markets with
Speaker 1: a tokenized share class. The fund, dubbed Cushy. Cushy will
Speaker 1: use Superstate's fund os platform to issue on chain shares
Speaker 1: on Ethereum, Solana and Base blockchains. Again, pay attention to
Speaker 1: the blockchains you're getting adoption. The move reflects growing demand
Speaker 1: for yield products built on blockchain rails. Coin Based Asset
Speaker 1: Management president said, man, the innovation that's happening is so amazing.
Speaker 1: And guys, you know, notice a lot of this news
Speaker 1: is related to stable coins, and that's because there's a
Speaker 1: law in place, the Genius Act, right, so you're seeing
Speaker 1: a lot of innovation and building. Guess what will happen
Speaker 1: when the Clarity Act passes, right? And maybe that's twhy
Speaker 1: these banks are trying to hold it up, because there's
Speaker 1: going to be tons of innovation, new startups and a
Speaker 1: lot more creative crypto products that will offer financing and
Speaker 1: much much more. So I think, again, why are the
Speaker 1: banks fighting this, fighting stable point yield, trying to hold
Speaker 1: up the bill because they got to catch up. But
Speaker 1: I mean, just look at what's being built guys, and
Speaker 1: again it's all going to run on blockchain rails.
Speaker 2: Now.
Speaker 1: Bullish, which is an institutional digital asset exchange, and you
Speaker 1: know you've probably seen their CEO and CNBC has expanded
Speaker 1: their partnership with Ripple Prime giving institutional clients direct access
Speaker 1: to Bullish's bitcoin options market with r l U s D.
Speaker 2: So big partnership here.
Speaker 1: Ripple doing an amazing job as a company being able
Speaker 1: to you know, set up the different services. Even if
Speaker 1: it's not directly using XRP or r l U s D,
Speaker 1: they're offering other crypto services. So it's smart, right, You're
Speaker 1: bringing more people into your network obviously, then you can
Speaker 1: continue to pitch them xrpd xrp ledger your stable coin
Speaker 1: as well. Now, Polymarket taps Chainalysis to bring Wall Street
Speaker 1: level oversight to crypto prediction markets. By partnering with Chainalysis
Speaker 1: to monitor its blockchain data in real time, Polymarket is
Speaker 1: signaling to both users and regulators that it is serious
Speaker 1: about eliminating insider trading and market manipulation.
Speaker 2: This is very good.
Speaker 1: I've interviewed the CEO of Chainalysis and they're doing a
Speaker 1: great job monitoring blockchain data. They work with a lot
Speaker 1: of different firms to stop bad actors, a weed out
Speaker 1: fraud and all these different things. So it's great that
Speaker 1: polymarket is leveraging services like this because, look, there's a
Speaker 1: lot of shady stuff happening. I'm not saying polymarket is
Speaker 1: doing anything bad, but bad actors, people in the government
Speaker 1: and much more are taking advantage of insider information that
Speaker 1: they know. I think we've all seen the headlines and
Speaker 1: all the things that are going on, and we need
Speaker 1: that stuff to stop because it's going to make crypto
Speaker 1: look bad if those things are dominating the headlines. This
Speaker 1: is the great things that are being built, you know,
Speaker 1: public perception is going to be really bad and people
Speaker 1: are going to think this is all a scam because
Speaker 1: many of them are just they haven't been fully educated
Speaker 1: about what's happening. They just see the headlines, They just
Speaker 1: see certain things on social media. Many don't take the
Speaker 1: next step to go research right to understand how this
Speaker 1: all works. And that we are so early we don't
Speaker 1: even have legislation pass yet. And yes, bad actors take
Speaker 1: advantage of every technology. They did with the Internet, they'll
Speaker 1: do it with any future technology AI agents. Wait till
Speaker 1: the scammers get a whole AI agents and they start
Speaker 1: doing things with it. Right, bad actors and people out
Speaker 1: there are going to take advantage. So we need to
Speaker 1: have the guard wills in place, the legislation to stop
Speaker 1: all of these things. And actually, here's some good news.
Speaker 1: US senators won't be weighing in on prediction market bets
Speaker 1: after banning themselves. So the Senate agreed unanimously to revise
Speaker 1: its rules to ban members and their staffs from wagers
Speaker 1: or prediction markets. Platform is very good. We've all seen
Speaker 1: the Nancy Pelosi, you know, she's the poster child for
Speaker 1: the inside of tradement trading from government officials. Obviously both
Speaker 1: sides of the aisle do it right, Democrats and Republicans.
Speaker 1: We've seen many reports, even going back to the COVID
Speaker 1: days and all these things. We've seen both sides. So
Speaker 1: we can't have this. We really cannot have this, and
Speaker 1: it really sucks. And look, there are people waiting in
Speaker 1: the stands, like Elizabeth Warren to try to go after
Speaker 1: the crypto industry because we know she's a puppet for
Speaker 1: the tradifying companies many of the banks who want to
Speaker 1: slow crypto down, not kill it, but they want to
Speaker 1: stop it so they can control it. But Senator Warren
Speaker 1: questions Commerce Secretary Lutnik on Tether loan to family. Senators
Speaker 1: Elizabeth Warrener and want Ron Whiten sent letters to Howard
Speaker 1: Lutnik and Tell CEO Paolo Arduino asking about a loan
Speaker 1: Tether reportedly made to Lutnix family. Now we know Howard
Speaker 1: Lutnix's company, Canter Fitzgerald did a big audit of Tether.
Speaker 1: You know how Lutnik at Davos a couple of years
Speaker 1: back said they have the money, they have the reserves
Speaker 1: and much more and t other I believe actually Kentter
Speaker 1: Vigil isn't heavily invested in tether. So again you have
Speaker 1: these people here waiting just to attack crypto. If Elizabeth
Speaker 1: Warren was doing this in good faith, I wouldn't necessarily
Speaker 1: say anything. You know, she's like maybe trying to start
Speaker 1: stop bad actors. That'll be fine, But we know she's
Speaker 1: going back to the Gary against her days. She's really
Speaker 1: trying to help the banks by slowing this technology down,
Speaker 1: and she'll use whatever AMMO is out there. So whether
Speaker 1: it's like Trump's were Liberty Financial recently getting caught up
Speaker 1: with some companies that were sanctioned, and much more, President
Speaker 1: Trump's a mean coin, which again I've said many times
Speaker 1: he shouldn't have that that. That's no president, no elected
Speaker 1: officials should.
Speaker 2: Have something like that.
Speaker 1: So this is where we need to as an industry
Speaker 1: really start cleaning up some of these things. And look,
Speaker 1: we'll get there, We'll get the legislation pass and then
Speaker 1: a lot of these things can be enforced. But we
Speaker 1: know these things do take time, so we're gonna have
Speaker 1: to be patient and not get too frustrated because at
Speaker 1: times they can be very frustrating. Anyway, guys, that's the
Speaker 1: news let me know what to think. Leave your thoughts
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Speaker 1: all and I'll talk to you all later.