Speaker 1: I've got massive news for you. The SEC acknowledges more xrps,
Speaker 1: body tfs and you won't believe what Donald Trump shared
Speaker 1: on truth Social It involves Ripple and XRP. You won't
Speaker 1: believe it. I have to show it to you. And
Speaker 1: Google is planning to integrate with bitcoin wallets. This is
Speaker 1: really big. And FTX bankruptcy repayments are going to start
Speaker 1: very soon. I'll give you the details. Let's get into it. Hey, everybody,
Speaker 1: welcome into The Thinking Crypto Podcasts, your home for cryptocurrency
Speaker 1: news and interviews. I'm your host, Tony Edward. On your
Speaker 1: way in, please hit that subscribe button as well as
Speaker 1: the thumbs up button and leave a comment below. If
Speaker 1: you're listening on a podcast platform such as Spotify or Apple,
Speaker 1: please leave a five star rating and review. Folks, I
Speaker 1: want to start by reminding you we are in the
Speaker 1: Great shakeout and it continues. Bitcoin continues to chop. We're
Speaker 1: getting faked out left and right. Both bulls and bears
Speaker 1: are getting faked out. This is very boring. The all
Speaker 1: coins are not doing much. But remember, patience is important
Speaker 1: when it comes to investing. I've been telling you guys.
Speaker 1: The macro backdrop is setting up beautifully with DXY collapsing,
Speaker 1: global liquidities on the rise, and there's going to be
Speaker 1: a bit of a lag where risk assets eventually catch up,
Speaker 1: and I think the latter half of February we're going
Speaker 1: to start to see some movement. But some analysts are
Speaker 1: highlighting that we've seen things like this in previous bull
Speaker 1: markets and that it is setting up a bear trap.
Speaker 1: So there's going to be a short squeeze because you know,
Speaker 1: the short siga lining up right now with the price
Speaker 1: not doing much, and the bears are hoping to get
Speaker 1: Bitcoin to go further down and the all coins to
Speaker 1: go further down. But we are still in a bull
Speaker 1: market based on the data, not feelings or emotions, and
Speaker 1: there has been no invalidation of this bullmarket, right, So
Speaker 1: we got multiple signals, multiple patterns, we're tracking whale activity,
Speaker 1: Bitcoin whale activity, all showing we are still in a
Speaker 1: bull market. So don't panic. This is a time to
Speaker 1: be patient. As I've said many times, if the price bothers,
Speaker 1: you don't look at it, don't look at your portfolio.
Speaker 1: I've not looked at my portfolio for like two weeks
Speaker 1: because I want to maintain my mental health. This is
Speaker 1: part of investing right, and the volatility, the roller coaster
Speaker 1: ride can get to you, even as someone who's been
Speaker 1: here since twenty sixteen. So this is where I pay
Speaker 1: attention to the data. I don't look at my portfolio.
Speaker 1: When things start to move up again, I'll start looking
Speaker 1: at my portfolio. Right. So hope you guys understand, and
Speaker 1: I hope you have a macro view on the markets. Now,
Speaker 1: we have huge news coming out from Google. They are
Speaker 1: planning to do bitcoin wallet integrations. We are seeing Wall
Speaker 1: Street trad five banks, now tech giants all embracing crypto
Speaker 1: in one fashion or the other. So Google's Web three
Speaker 1: specialists for the Asia Pacific region, Kyle Song, during a
Speaker 1: panel at the Bitcoin Tech Carnival in Hong Kong on
Speaker 1: February eighteenth, unveil the Tech Giants collaboration with the Bitcoin
Speaker 1: Network contributors. The partnership aims to simplify access to the bitcoin
Speaker 1: by integrating Google's authentication protocols with bitcoin wallets, potentially creating
Speaker 1: a bridge between conventional digital identities and decentralized asset management.
Speaker 1: Now why would Google be doing this, guys? Some people
Speaker 1: say this is a Ponzi scheme. They say it's a fad,
Speaker 1: they say it's a scam. Yet all of Wall Street,
Speaker 1: all the big banks are getting involved, all of the
Speaker 1: big tech companies are getting involved. Watch what they do,
Speaker 1: not what they say. This is why I always encourage
Speaker 1: you guys to do your own research, read up, educate yourself,
Speaker 1: education and patience. Right in this acid class, we are
Speaker 1: seeing a paradigm shift and everybody's gonna come on board.
Speaker 1: I've told you guys for years, We're headed to the
Speaker 1: token economy, where all assets will be tokenized, the economy
Speaker 1: will be running on blockchain, the markets will be running
Speaker 1: on blockchain. It's just as Black Rock CEO Larry fing
Speaker 1: said just last year. Tokenization is the future of finance,
Speaker 1: and you are seeing the building out of the infrastructure,
Speaker 1: and even big tech job inside Google have to get
Speaker 1: involved because if you don't get involved, if you don't
Speaker 1: hop on board this train, you will have your Blockbuster moment.
Speaker 1: And Blockbusters failed to adapt to the Internet. They had
Speaker 1: the opportunity to buy Netflix, and they didn't, and Netflix
Speaker 1: came and stole their lunch and aggress his history bankruptcy. Right,
Speaker 1: So this technology is here to stay. Folks. So SONG
Speaker 1: outline Google's strategy to lower the hurdles for entering the
Speaker 1: bitcoin ecosystem by leveraging its existing authentication technology for wallet logins.
Speaker 1: The initiative is part of a broader effort to merge
Speaker 1: Web two payment systems with the decentralized world of cryptocurrency,
Speaker 1: making bitcoin transactions as user friendly as current online payment methods. Guys,
Speaker 1: I hope you see what is happening here. I hope
Speaker 1: the price is not distracting you. I hope the fud
Speaker 1: that is out there, the fear, is not distracting you
Speaker 1: from what is being built in. All of these major
Speaker 1: tech giants, Amazon, On, Google, you name it, they're all
Speaker 1: going to be a part of this. So in addition
Speaker 1: to simplifying logins, Google is exploring advanced encryption technologies such
Speaker 1: as zero knowledge proofs to enhance trust and reliability between
Speaker 1: on chain and off chain systems. SONG emphasize the importance
Speaker 1: of addressing trust issues and improving security to foster a
Speaker 1: more seamless and trustworthy integration of these technologies. The response
Speaker 1: to Google's announcement has been mixed. Some industry participants express
Speaker 1: concern over the risks of linking Google accounts with bitcoin wallets,
Speaker 1: citing fears of centralized control and potential data vulnerabilities. So
Speaker 1: let me give you my thoughts. This is very bullish.
Speaker 1: I one hundred percent support this because this is going
Speaker 1: to help bring more people into the asset class and
Speaker 1: be able to adopt the acid class faster. I've often
Speaker 1: stated that you need web three technology, but with a
Speaker 1: web to interface because that's what the consumer is trained
Speaker 1: to interface with, what they're accustomed to, right their banking apps,
Speaker 1: their social media logins and all these things. Now, the
Speaker 1: criticism of possible risks I think are valid. So that's
Speaker 1: why Google needs to make sure they do this well.
Speaker 1: And if they don't, they're going to fit up and
Speaker 1: people could lose their tokens and NFTs and much more.
Speaker 1: As we think about the future of being more digital
Speaker 1: and people are essentially going to have their digital identity,
Speaker 1: different cryptocurrencies and digital assets, NFTs and different things in
Speaker 1: their wallets. That's going to be the future, and we're
Speaker 1: going to have it on our phones. We're not going
Speaker 1: to use cash and all these things, right, that is
Speaker 1: where we're headed, folks, Make no mistake about it. It
Speaker 1: won't happen overnight. But I like Google's vision. I like
Speaker 1: what they're trying to do, but I hope they do
Speaker 1: it right. And I think the company that does it
Speaker 1: right will be a big winner because right now, and
Speaker 1: I've said it many times, there's a lot of hurdles
Speaker 1: to getting the average Joe and James to participate here
Speaker 1: because many are scared. It's intimidating. The twenty four seed
Speaker 1: phrase and the private keys and the public keys, all
Speaker 1: these things are like foreign concepts for many people. Now,
Speaker 1: you and I being early adopters, we may be more comfortable,
Speaker 1: we may be more tech savvy. But the billions out
Speaker 1: there who are not in here yet, many are going
Speaker 1: to struggle to understand these concepts. But if you make
Speaker 1: it easy by putting up web to interface and Web
Speaker 1: three powering the technology behind it, it will be a
Speaker 1: big win. Guys, just look at what's happening. This is
Speaker 1: huge news. Google is a massive company with a lot
Speaker 1: of resources and money, so you know they're going to
Speaker 1: try to build the best technology. They may go out
Speaker 1: and acquire companies who are currently doing these things. As
Speaker 1: you know, Google's history is they've acquired a lot of
Speaker 1: the services they have like YouTube, and all these things.
Speaker 1: They bought those companies and then put it into their
Speaker 1: mix and built it out from there. So don't be
Speaker 1: surprised if they go buy some of the companies who
Speaker 1: are trying to build these things like startup and so forth.
Speaker 1: But nevertheless, very bolish news. All right, the SEC has
Speaker 1: acknowledged more XRP spot ETF filings. So you've acknowledged the
Speaker 1: twenty one shares, the bit Wise Investment, Gray Scale, Wisdom Tree,
Speaker 1: Canary Funds, even the CBOE bit Wise well, I mentioned
Speaker 1: Bitwise already, So very good sign, very very good sign.
Speaker 1: And I believe XRP and Salona ETFs will be approved
Speaker 1: this year. Obviously, the big question is the features market,
Speaker 1: and we'll see how they sort that out and what
Speaker 1: they do. But I think there's a high probability that
Speaker 1: these ETFs get approved, and you know what that's going
Speaker 1: to do for the price of XRP. Just look at
Speaker 1: what it did for Bitcoin and the whole massive run
Speaker 1: up there. And what's going to happen is when XRP
Speaker 1: Solana get approved, you're going to have basket ETFs index
Speaker 1: ETFs where it includes Bitcoin, Etherorem, XRP, and Solana so
Speaker 1: all of these financial products will be built out for
Speaker 1: the market. Guys, so very bolish. Now, something very interesting
Speaker 1: happened this evening President Donald Trump on truth Social he
Speaker 1: shared an article and this article is actually from January,
Speaker 1: but the article talks specifically about Ripple and XRP. The
Speaker 1: headline reads Donald Trump Effect bumps, Ripple Labs us Deals,
Speaker 1: XRP gains and it shows Brad garling House in the
Speaker 1: preview image. This was shared by Donald Trump this evening
Speaker 1: and it's a coindest article and he talks about Ripple
Speaker 1: and their thoughts on the Trump Effect and talks about
Speaker 1: Ripple Labs and r L USD and XRP Ledger and
Speaker 1: so forth. What an article for him to share. And
Speaker 1: remember this article from January specifically, it was published on
Speaker 1: January sixth, So a lot of people are like, hey,
Speaker 1: what is happening here? This looks really big and it
Speaker 1: includes quotes from Brad garling House, Ripples CEO, talking about Ginster,
Speaker 1: talking about Trump and much more. Guys, Trump knows what's
Speaker 1: going going on here. He knows about crypto. I don't
Speaker 1: think he knows every aspect of the crypto market, but
Speaker 1: he knows about Ripple. He knows about XRP because we
Speaker 1: saw Ripple CEO Brad garling House and their chief legal
Speaker 1: officer Stuart Alaradi met with Trump and Ripple was a
Speaker 1: big donator to the fair Share pack in the elections
Speaker 1: and much more so. Very fascinating. I'm not gonna take
Speaker 1: it beyond that because I'm not here to tell you,
Speaker 1: guys fairy tales and you know, hype you up on
Speaker 1: stuff that we don't know about. But this is a
Speaker 1: very positive side. I'll leave it at that. Right if
Speaker 1: you're an XRP holder, very positive sign. But you guys
Speaker 1: can imagine, you know, some bitcoin maxis are going to
Speaker 1: be crying, okay. SEC seeks public feedback on approving options
Speaker 1: trading for Grayscale, bit Wise, Etheromy Tap. So, guys, we
Speaker 1: have bitcoin options training live. We could see Ethereum options
Speaker 1: trading coming through and this is very good. More ETF
Speaker 1: financial products are going to be built out. So the
Speaker 1: SEC asked for those comments on whether it's allows CBOE
Speaker 1: Exchange Incorporated to list and trade options on the Grayscale
Speaker 1: Ethereum Trust ETF, the Grayscale etherrem Mini Trust ETF and
Speaker 1: the Bitwise etherorem At ETF according to a regulatory filing
Speaker 1: posted on Tuesday. So things are moving ahead, folks. And
Speaker 1: eventually when XRP, Salon and all these other ETFs get approved,
Speaker 1: they'll have options trading as well, folks. Quick word from
Speaker 1: our sponsor, and that is Bitgo, which is one of
Speaker 1: the top tier crypto custodians in the market. Bitco has
Speaker 1: been around from multiple bull and bear market cycles. They're
Speaker 1: headed up by Mike Belshie, who is a web one
Speaker 1: point zero and two point zero legend, and they've been
Speaker 1: around since twenty thirteen, guys, and they offer a variety
Speaker 1: of services. They're trusted by many big institutions and companies
Speaker 1: in the crypto industry. For example, twenty one Shares which
Speaker 1: issues ETFs, uses Bitgo, Panura Capital that's Dan Moorehead's hedge
Speaker 1: fund uses a Bitgo suite, a token project, and Bitstamp
Speaker 1: Exchange uses Bitgo. So they have a ton of services,
Speaker 1: wallet services, prime services, and much more. Because they also
Speaker 1: have a retail platform where you can buy, sell, trade
Speaker 1: crypto and even state crypto. And of course you have
Speaker 1: the top of the line security and custody. They have
Speaker 1: a self hosted wallet as well. So if you'd like
Speaker 1: to learn more about Bidgo, go to bitgo dot com.
Speaker 1: Link will be in the description. Now, guys, we're hearing
Speaker 1: more news every day or every week, as you say,
Speaker 1: about companies planning to do IPOs this year. I think
Speaker 1: we're going to see a lot of crypto companies ipo.
Speaker 1: So Fold, which is a bitcoin financial services company, and
Speaker 1: they haven't appened much more. Their CEO, Will Reeves tweeted
Speaker 1: out Fold makes history tomorrow debuting on Nasdaq as the
Speaker 1: first bitcoin financial services company to go public and one
Speaker 1: of the world's top twenty five bitcoin treasuries. So you
Speaker 1: are starting to see different crypto companies starting to go
Speaker 1: public and planning IPOs. The big ones will be like Circle, Bitgo.
Speaker 1: You know my sponsor as mentioned Ripple, Gemini Exchange, they
Speaker 1: said they want to do something like that, So don't
Speaker 1: be surprised some of these names later this year ago public.
Speaker 1: Now we got news that FTX is going to begin
Speaker 1: initial fund distributions to customers as is bankruptcy recovery forges on.
Speaker 1: So the customers are going to be getting cash and
Speaker 1: it says you're convenience class customers. Those claiming up to
Speaker 1: fifty thousand dollars will begin seeing their funds in the
Speaker 1: next one to three business days. Funds will be available
Speaker 1: through bitco and cracking ftx set. So Bitco, like I said, guys,
Speaker 1: I trust the custodian. He's noticed they're being used by
Speaker 1: different folks across the industry. So this is the initial
Speaker 1: batch that are going to be getting once again and
Speaker 1: claiming up to fifty thousand. The next round of distributions
Speaker 1: will take place on April eleventh ftx set. So the
Speaker 1: big question is, you know, the people getting back their money,
Speaker 1: will they be buying putting some of it into the market.
Speaker 1: I think some of them will, but some of them
Speaker 1: are probably going to be like I'm getting the hell
Speaker 1: out of here with this cash, right. But it's great
Speaker 1: that this is happening and nature is healing a bit
Speaker 1: here after the beforefoonery of Sambakmr Freed and the clowns.
Speaker 1: That we're working with them, and we hope things like
Speaker 1: this don't happen again, and crypto legislation and these things
Speaker 1: will be passed this year. But very good that this
Speaker 1: is coming to a conclusion and we can put it
Speaker 1: behind us, and let's see if some of this cash
Speaker 1: makes its way into the market. Now, we got news
Speaker 1: that blockaid closes a fifty million dollars Series B to
Speaker 1: expand its machine learning security offerings so on chain security platform.
Speaker 1: Block Aid has raised fifty million dollars in a Series
Speaker 1: B led by Ribet Capital. The company provides security solutions
Speaker 1: for some of the largest crypto firms and projects, including
Speaker 1: coinbase and Metamass. So a couple of things. One, we
Speaker 1: continue to see these companies are getting capital. Many hedge funds,
Speaker 1: even tradfi hedge funds, are involving crypto now. They're investing
Speaker 1: in the companies building the infrastructure as well as the
Speaker 1: token projects. They're buying the tokens, right, but great to
Speaker 1: see these companies are getting the money. And I've often
Speaker 1: said that if you're an entrepreneur, you have an idea,
Speaker 1: go pitch it man now's its You will get capital
Speaker 1: if you have a good idea, even if you just
Speaker 1: get like eight to ten million, right or it's start
Speaker 1: off small. Notice these companies do Series A B C,
Speaker 1: so this is a Series B. So sometimes you start
Speaker 1: off with a small capital infusion, you get your company
Speaker 1: up and running, you make progress, then you go raise
Speaker 1: a second round, showing the progress you made, you get
Speaker 1: more capital, so so on and so forth, and second
Speaker 1: on this news is that great to see that security
Speaker 1: platforms are getting money and they're starting to ramp up
Speaker 1: because we need the guardrails in place for security because
Speaker 1: there's bad actors. There's a lot of people who will
Speaker 1: try to hack different crypto projects and they're going to
Speaker 1: try to use AI and different things. So we got
Speaker 1: to make sure the security is up to par before
Speaker 1: we bring in the next one to two billion people.
Speaker 1: It's important because if we're trying to scale this to
Speaker 1: the masses, we need to make sure all our e's
Speaker 1: are dotted and our teas are crossed. Final news item
Speaker 1: here former Tether CEO to date rival yield bearing stable
Speaker 1: coin on etherrem and Salona. This is according to Bloomberg,
Speaker 1: So this is interesting. So the co founder is Reeve Collins.
Speaker 1: I actually interviewed him guys interview. I'll try to get
Speaker 1: him back on the podcast to talk about this, but
Speaker 1: I interviewed Reeve maybe a couple of times. He's one
Speaker 1: of the original founders of Tether, and he's launching his
Speaker 1: own stable coin like some new entrance into the stable
Speaker 1: coin folds such as Athena and m zero. Collins Pie
Speaker 1: protocol will offer a holders yield likely earned on token
Speaker 1: i's real world assets. This stands apart from the first
Speaker 1: stable coins like FIAT backed USDT and USDC and algorithmically
Speaker 1: supported die Dai, which simply tracks the value of the
Speaker 1: US dollar. According to Bloomberg, the stable Cordin protocol will
Speaker 1: launch on a Theorem and Salona blockchains in the second
Speaker 1: half of twenty twenty five. It's unclear how the stable
Speaker 1: coin will generate yield, though several existing tokens passed along
Speaker 1: revenues earned on token issed real world assets, like US
Speaker 1: treasuries mountains protocol USDM stable coin, introduced last year, currently
Speaker 1: offers holders about five percent in annual yield earned off
Speaker 1: its backed assets. So great to see competition and entering
Speaker 1: the market here and someone who has experienced behind stable coins,
Speaker 1: and I will be very curious to see how this
Speaker 1: yield is being generated. That is so important, guys, because
Speaker 1: we don't want to just put our money into stuff
Speaker 1: that is not tested and we don't know what's happening
Speaker 1: behind the scenes. It's important to get the information, so
Speaker 1: I'll try to get Reef back on the podcast to
Speaker 1: talk about this. But great to see these new options
Speaker 1: being put out there, and competition is healthy for the
Speaker 1: market and it helps everybody to try to win the
Speaker 1: consumer to have a better product, offer lower fees and
Speaker 1: all that better service and all these things. So this
Speaker 1: is really good. Guys, that's the news. Let me know
Speaker 1: what you think. Leave your thoughts and comments below hit
Speaker 1: the thumbs up button. A great way you can support
Speaker 1: me by subscribing to my free email news that are
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Speaker 1: book on Amazon. It's available in paperback, in digital. And
Speaker 1: if you would like to boost your crypto knowledge to
Speaker 1: get a full understanding of the crypto market from A
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Speaker 1: lifetime access. Go at your own pace. You can share
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Speaker 1: dot com. Guys, thank you for watching and listening. I
Speaker 1: appreciate you all, and I'll talk to you all later.
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