WEBVTT

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<v Speaker 1>Hey everyone, Welcome into the Thinking Crypto podcast. You're home

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

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<v Speaker 1>On your way in. Please let that subscribe button as

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<v Speaker 1>well as a thumbs up button and leave a comment below.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple Podcasts, please be sure to follow and leave

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<v Speaker 1>a five star rating. Folks, I want to apologize ahead

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<v Speaker 1>of time for my voice. I'm a bit under the weather,

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<v Speaker 1>have a bit of a cold, so that's why I

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<v Speaker 1>skipped yesterday's episode. But we got big news today, huge

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<v Speaker 1>adoption news by banks and much more. So let's kick

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<v Speaker 1>it off. Okay, the first news item, Wells Fargo signals

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<v Speaker 1>deeper push into crypto following a trademark for WFUSD. Now,

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<v Speaker 1>wf USD sounds like a stable coin, right. We've seen

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<v Speaker 1>that other folks who have launched stable coins like Ripple

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<v Speaker 1>are l USD like PayPal p yus D, so it

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<v Speaker 1>certainly sounds like a stable coin. But this should come

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<v Speaker 1>as no surprise. We've been seeing JP, Morgan, City Bank,

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<v Speaker 1>P and C Bank and others having launching crypto services.

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<v Speaker 1>They've talked about launching a stable coin. They want to

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<v Speaker 1>offer crypto trading, custody and much more. So. This is

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<v Speaker 1>the direction the puck is heading in. It's inevitable all

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<v Speaker 1>the banks will participate in one way or the other.

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<v Speaker 1>So let me give it to details here. So wells

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<v Speaker 1>Fargo file a crypto related trademark application for WFUSD, signaling

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<v Speaker 1>a deeper push into crypto and blockchain services. The USPTO

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<v Speaker 1>filing indicates WFUSD with support cryptocurrency, payment processing, digital asset trading,

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<v Speaker 1>and software for tokenizing assets, with the name hinting at

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<v Speaker 1>a deposit token or stable coin of course, of course, guys,

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<v Speaker 1>And notice all the different aspects they highlighted here. Tokenization,

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<v Speaker 1>digital asset trading, crypto, payment processing. So all the banks

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<v Speaker 1>are going to get involved, and you're going to see

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<v Speaker 1>them do some very interesting things with crypto, such as

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<v Speaker 1>using crypto for collateral for loans, mortgages and things alone

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<v Speaker 1>those lines. So the move follows similar efforts by JP

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<v Speaker 1>Morgan and comes amid broader interest from major US banks

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<v Speaker 1>in tokenized assets and stable coins. So many of you

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<v Speaker 1>know JP Morgan. They've been at this for a long

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<v Speaker 1>time with Consensus when they launched jpm coin back in

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<v Speaker 1>the day, but it was a wallgarden, right. They tried

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<v Speaker 1>to do a private permission type of setup, but no

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<v Speaker 1>one's going to trust it, right, It's just another wallgarden.

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<v Speaker 1>So we're seeing that they're now bridging to public chains.

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<v Speaker 1>So most recently, JP Morgan they launched their permission USD

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<v Speaker 1>depositoken on Base, which is the ethereum layer two created

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<v Speaker 1>by Coinbase. So I'm very curious to see what wfusd

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<v Speaker 1>wells Fargo's depositoken or stable coin, how that's going to

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<v Speaker 1>be set up maybe similar, Right, they're going to launch

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<v Speaker 1>on different blockchains. Usually they start with Etherereum, but they

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<v Speaker 1>could start with Base because Coinbase they have a crypto

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<v Speaker 1>as a service solution which makes it easier for many

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<v Speaker 1>of these banks, and JP Morgan, City, PNC, and I

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<v Speaker 1>believe some others are already leveraging coinbasis service. So guys,

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<v Speaker 1>I mean, just look at what's happening. So we're still

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<v Speaker 1>in the early innings. This is just a tippitty iceberg,

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<v Speaker 1>and there's going to be a lot more built out,

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<v Speaker 1>But this is just a news item here that you

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<v Speaker 1>got to share with a crypto skeptic, right with a

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<v Speaker 1>blockchain skeptic who they don't get what's going on. They

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<v Speaker 1>may have just read certain headlines, but they haven't gone

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<v Speaker 1>further to educate themselves. So make sure you share this

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<v Speaker 1>type of news with them. Here's another example of a

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<v Speaker 1>massive financial giant getting more involved in crypto. So MasterCard

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<v Speaker 1>launches new Crypto Partner Program, a global initiative which brings

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<v Speaker 1>together more than eighty five industry leaders ensuring that what's

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<v Speaker 1>next works with what already does. So TRADFI trying to

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<v Speaker 1>bring together Crypto and the other TRADFI companies to make

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<v Speaker 1>sure this all works together right because infrastructure is being

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<v Speaker 1>set up right now, and we know MasterCard, this is

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<v Speaker 1>not their first go round. They're supporting stable coins and

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<v Speaker 1>crypto in different ways. They're using blockchain tech. I interviewed

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<v Speaker 1>master cards head of Crypto last year. I should be

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<v Speaker 1>having him back on the podcast soon to talk about

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<v Speaker 1>all these things. But MasterCard is not playing around, and

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<v Speaker 1>the same thing with Visa. Visa is not playing around.

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<v Speaker 1>The race is on. So the credit card companies, the

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<v Speaker 1>stock exchanges, the banks, the investment firms like black Rock

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<v Speaker 1>and Fidelity, and much more all getting involved It was

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<v Speaker 1>once taboo to talk about all of this and to say, oh, yeah,

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<v Speaker 1>we're going to look at blockchain crypto. Right. At one

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<v Speaker 1>point Larry Fink, CEO of Blackrock, was calling this all

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<v Speaker 1>a scam as well. But now it will be foolish

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<v Speaker 1>to not have a strategy. So that's why you are

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<v Speaker 1>seeing so many developments from these big trad five firms

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<v Speaker 1>now moving ahead. Bitgo to custody digital assets for stable

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<v Speaker 1>excess one hundred million dollars stable coin plan. Many of

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<v Speaker 1>you may know Bitgo founded by Mike Belshie. They're one

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<v Speaker 1>of the top crypto custodians and they provide a variety

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<v Speaker 1>of services, but they're mostly known for custody and trading services,

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<v Speaker 1>and it looks like they have been selected here by

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<v Speaker 1>stable x Technologies Digital Asset Treasury as it plans to

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<v Speaker 1>acquire up to one hundred million dollars in crypto tookens

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<v Speaker 1>tied to the stable coin sector. According to Tuesday's announcement,

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<v Speaker 1>Bitco Bank and Trust will serve as the custodian for

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<v Speaker 1>stable X's digital asset holdings, while Bitco's trading platforms will

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<v Speaker 1>help execute the company's planned acquisitions through its over the

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<v Speaker 1>counter liquidity desk. Stable X SBLX is a publicly traded

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<v Speaker 1>company focused on stable coin infrastructure and related technologies. Here's

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<v Speaker 1>a quote. The stable x deal is notable because it

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<v Speaker 1>goes beyond bitcoin centric treasury strategies. It signals demand for

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<v Speaker 1>institutional custody infrastructure around stable coin ecosystem tokens. So you

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<v Speaker 1>can see that the ACID class is maturing. It's going

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<v Speaker 1>beyond Bitcoin, it's going beyond just all coins. There's tokenized assets,

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<v Speaker 1>there are stable coins and much more. So, really really

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<v Speaker 1>great stuff here. Okay, moving ahead, Kracken's tokenized stock venue

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<v Speaker 1>starts points program hinting at possible ecosystem token. So this

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<v Speaker 1>is interesting. Kracken's been doing a lot so x stocks,

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<v Speaker 1>a Kraken linked in tokenized equities platform, is launching an

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<v Speaker 1>x rewards program to incentivize traders, liquidity providers, and defive

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<v Speaker 1>builders who use its on chain stock tokens. Points systems

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<v Speaker 1>in crypto often precede token launches or governance incentives, though

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<v Speaker 1>x stocks has not officially announced plans per token yet.

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<v Speaker 1>The move comes as tokenized equities rapidly expand, with more

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<v Speaker 1>than one billion dollars in value locked and growing interest

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<v Speaker 1>from traditional finance, including a new NASDA krack in partnership

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<v Speaker 1>to distribute tokenized stocks outside the US so many we

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<v Speaker 1>may recall earlier in the week, and as that announced,

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<v Speaker 1>they're partnering with Kraken to be able to expand and

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<v Speaker 1>go twenty four to seven. So huge things happen on

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<v Speaker 1>Kraken's front. And look, if Kraken goes public with all

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<v Speaker 1>these partnerships, I'm certainly gonna look to buy the stock now.

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<v Speaker 1>I never buy the initial IPO moments right because the

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<v Speaker 1>stock pumps, but I'm gonna wait for it to go

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<v Speaker 1>down and then scoop up, the same thing I was

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<v Speaker 1>doing with Circle, because Circle, I think many of you saw,

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<v Speaker 1>I pumped like crazy then it corrected, right, So you

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<v Speaker 1>want to buy when there's blood on the streets. So

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<v Speaker 1>I'm diversified. I hold equity stocks and so forth along

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<v Speaker 1>with crypto and certainly on the stock side, more so

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<v Speaker 1>crypto companies than you know, traditional tech companies, although I

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<v Speaker 1>do have some Tesla stock and things like that. Okay,

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<v Speaker 1>moving ahead, we have continued synergy between the SEC and

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<v Speaker 1>the CFDC, so SEC Chair Paul Atkins and CFDC Chair

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<v Speaker 1>Mike Sea Leake. They posted a photo of themselves working

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<v Speaker 1>together signing a memorandum of understanding which solidifies their efforts

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<v Speaker 1>to achieve their mutual goals of harmonization, and of course

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<v Speaker 1>a lot of this is around crypto and digital assets,

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<v Speaker 1>so it's great to see these agencies coming together. So

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<v Speaker 1>it ends a lot of the confusion and problems we've

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<v Speaker 1>had historically, and they can get the rule making done,

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<v Speaker 1>because it's one thing to have the Clarity Act, but

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<v Speaker 1>if you don't have the agencies which are doing a

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<v Speaker 1>lot of the enforcing and the guidance giving you the rules,

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<v Speaker 1>then we're not going to get very far. But the

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<v Speaker 1>fact that they're doing this while the Clarity Act is

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<v Speaker 1>being worked on, and we obviously got to figure out

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<v Speaker 1>the bank stable coin Yald situation, it's great to see

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<v Speaker 1>the two agencies working together. And this is going to

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<v Speaker 1>be really really important for the adoption or further adoption

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<v Speaker 1>by institutions and even the regular folks who want to

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<v Speaker 1>adopt crypto in different ways. So really really big stuff here, folks.

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<v Speaker 1>This episode is brought to you by I Trust Capital,

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<v Speaker 1>which makes crypto investing easy via an IRA. So I

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<v Speaker 1>Trust Capital offers you the IRA setup where you can

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<v Speaker 1>invest in bitcoin and the top all coins, as well

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<v Speaker 1>as gold and silver, and you can get huge tax

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<v Speaker 1>benefits as a result. So if you have a long

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<v Speaker 1>term view on these acid classes, crypto and precious metals,

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<v Speaker 1>and you know gold and silver I've been doing incredibly well,

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<v Speaker 1>you can invest via the IRA and you can help

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<v Speaker 1>minimize your tax implications when you do decide to sell.

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<v Speaker 1>And if you have an existing four on one k

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<v Speaker 1>or IRA, you can simply roll that over to I

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<v Speaker 1>Trust version, so you can buy cell Trade crypto, gold

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<v Speaker 1>and silver twenty four to seven. It's low costs and

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<v Speaker 1>there's no monthly fee. And they also have a great

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<v Speaker 1>custody solution, so they use institutional grade custodies such as

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<v Speaker 1>coin based Prime, Fidelity, digital Assets, fireblocks and more. And

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<v Speaker 1>we know black Rock uses coin based prime, so you're

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<v Speaker 1>getting tier one custody solutions. And I believe this is

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<v Speaker 1>the second safest way to custody your assets outside of

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<v Speaker 1>using a hardware wallet where you control the private keys.

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<v Speaker 1>So you can buy and sell twenty four to seven

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<v Speaker 1>within the custody system. And it's a closed loop system,

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<v Speaker 1>so even if someone hacks into your account, they cannot

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<v Speaker 1>withdraw funds and the redemption for gold and silver it

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<v Speaker 1>is legit, so you can actually redeem for the assets.

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<v Speaker 1>It's not paper gold and silver folks, so this is

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<v Speaker 1>a unique offering. They also support stable coins on the

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<v Speaker 1>crypto side, so lots of great benefits guys. The IRA

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<v Speaker 1>and the custody system here. So if you'd like to

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<v Speaker 1>learn more, please visit the link in the description. If

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<v Speaker 1>you use my link to sign up, you can get

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<v Speaker 1>one hundred dollars funding bonus. I have an account with them,

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<v Speaker 1>so please check them out. All the links would be

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<v Speaker 1>in the description. Okay, look at this news. Associate Generally

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<v Speaker 1>Forge launches euure cv stable coin on this Stellar blockchain.

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<v Speaker 1>So a couple of takeaways here. We continue to see

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<v Speaker 1>banks and major institutions around the world launching stable coins,

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<v Speaker 1>doing much more of a crypto and they're building on

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<v Speaker 1>the public chains. Many of you hold the XLM token,

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<v Speaker 1>which is the native token of the Stellar blockchain. I

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<v Speaker 1>personally do, so this is really great. This is how

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<v Speaker 1>you can benefit from this type of adoption. So sociat

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<v Speaker 1>Generale Forge, the crypto arm of French banking company Sociate Generale,

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<v Speaker 1>has deployed its Euro denominated stable coin on the Stellar blockchain,

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<v Speaker 1>continuing a multi chain expansion first announced in twenty twenty five.

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<v Speaker 1>The stable coin, known as euer Coinvertible or eur CV,

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<v Speaker 1>is designed to comply with the European Union's Markets in

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<v Speaker 1>Crypto Assets MICA framework and represents a tokenized Euro issued

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<v Speaker 1>by the company for use in digital asset markets. Incredible

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<v Speaker 1>stuff so according to the company, the Stellar deployment is

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<v Speaker 1>intended to broaden the stable coin's use across blockchain based

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<v Speaker 1>financial applications and tokenize asset services. Sg Forge said Stellar

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<v Speaker 1>offers high transaction through put, low network fees, and built

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<v Speaker 1>in support for tokenized assets. The network also includes a

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<v Speaker 1>decentralized exchange that allows users to trade digital assets directly

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<v Speaker 1>on chain. This is the future, folks. Okay, moving ahead,

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<v Speaker 1>trust Wallet adds real time scam address checks for crypto users.

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<v Speaker 1>I love this update. This is going to be so

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<v Speaker 1>important and I hope more platforms and exchanges do this

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<v Speaker 1>and they can leverage AI to do this. So if

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<v Speaker 1>there's known user names or wallet addresses that have been

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<v Speaker 1>associated with scammers, then you know, as you're trying to

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<v Speaker 1>send money or whatever you're doing, it will flag it, right,

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<v Speaker 1>that would be so helpfulful a lot of people, especially

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<v Speaker 1>if they're you know, using crypto as it's meant to

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<v Speaker 1>use the ethos of it where you're where you have

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<v Speaker 1>a self hosted wallet, or you're on a crypto exchange. Right. Obviously,

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<v Speaker 1>people who participate via ETFs don't have to worry about

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<v Speaker 1>things like this, but I think majority of us who

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<v Speaker 1>are early adopters we you know, self custody for the

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<v Speaker 1>most part. So trust Wallet has introduced address poisoning protection,

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<v Speaker 1>adding a new screening feature designed to help users avoid

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<v Speaker 1>sending cryptocurrency to scam wallets that mimic legitimate addresses. The

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<v Speaker 1>self custody wallet provider said Tuesday that the new feature

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<v Speaker 1>will automatically run a destination address check against a database

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<v Speaker 1>of known scam and look alike addresses to prevent malicious transactions.

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<v Speaker 1>The rollout initially covers thirty two etherorem virtual machine compatible blockchains,

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<v Speaker 1>including Etherorem, BnB, smart Chain, Polygon, Optimism, Arbitrum, Avalanche, and Base.

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<v Speaker 1>So I love this. This is what we need to

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<v Speaker 1>see for further adoption, to weed out the bad actors

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<v Speaker 1>and scammers and to help protect folks. Okay, moving ahead,

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<v Speaker 1>Babylon and Ledger tie up expands access to bitcoin vaults

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<v Speaker 1>for collateral use. So Bitcoin staking infrastructure developer Babylon Labs

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<v Speaker 1>has integrated with Ledger, a cryptocurrency hardware wallet, in a

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<v Speaker 1>move that could make it easier for holders to put

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<v Speaker 1>their bitcoin to work in financial applications without giving up

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<v Speaker 1>self custody. In a Tuesday announcement, the company said Ledger

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<v Speaker 1>signers will be used for Babylon's trustless bitcoin vaults, known

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<v Speaker 1>as BTC vaults. The vaults allow bitcoin holders to lock

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<v Speaker 1>their tokens into programmable contracts governed by on chain conditions,

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<v Speaker 1>while retaining self custody of the underlying assets. Ledger devices

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<v Speaker 1>will act as the secure signing layer for BTC vault transactions,

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<v Speaker 1>enabling users to authorize vault interactions directly from their hardware wallet.

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<v Speaker 1>So the feature relies on ledgers clear signing technology, which

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<v Speaker 1>displays human readable transaction details on the device screen so

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<v Speaker 1>users can verify exactly what they are approving before signing.

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<v Speaker 1>The approach is designed to reduce the risk of signing

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<v Speaker 1>malicious or of pick transactions, a common concern in crypto workflow.

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<v Speaker 1>So I love this again. More security more collaboration here

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<v Speaker 1>among the industries. So this is really great, Okay, Moving ahead,

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<v Speaker 1>TRON joins a gentic Ai Foundation as founder sees future

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<v Speaker 1>in AI, so we're seeing the collaboration between AI technology

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<v Speaker 1>and blockchain technology. So the TRON network has joined the

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<v Speaker 1>Linux Foundation's agentic Ai Foundation as a governing member to

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<v Speaker 1>support the development of infrastructure for AI agents. In an

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<v Speaker 1>announcement of Monday, Trond's Decentralized Autonomous Organization or DOO said

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<v Speaker 1>the network joined the agentic Ai Foundation and will serve

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<v Speaker 1>on its governing board. Tron Dow said agentic ai will

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<v Speaker 1>generate significant demand in the future, and as such, it

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<v Speaker 1>requires collaboration and interoperability to establish systems that can handle continuous,

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<v Speaker 1>high volume, low value transactions efficiently to scale. So I

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<v Speaker 1>think we all know we've talked a lot about it.

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<v Speaker 1>Ad nauseum. AI agents are not going to use cash,

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<v Speaker 1>They're going to use stable coins. Right, is going to

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<v Speaker 1>be a lot of blockchain technology put into place to

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<v Speaker 1>help safeguard these AI agents and also to police them. Right,

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<v Speaker 1>I've often talked about one of the major narratives I

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<v Speaker 1>believe for the next bullmarket and adoption as well, will

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<v Speaker 1>be blockchain used on publishing platforms, whether it be social

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<v Speaker 1>media or news websites, to date, stamp and show the

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<v Speaker 1>origin of content because there will the AI video and

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<v Speaker 1>images will be so sophisticated, guys, and maybe a year

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<v Speaker 1>or two away where you're not going to be able

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<v Speaker 1>to differentiate. It's going to get more advanced and you're

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<v Speaker 1>gonna need blockchain to help you verify. There's gonna have

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<v Speaker 1>to be some sort of dialogue box that says this

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<v Speaker 1>was published on this date by this person on this chain,

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<v Speaker 1>and you know, all the transaction data and everything, timestamps

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<v Speaker 1>and everything will be there and only blockchain can provide

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<v Speaker 1>that verifiability, right, And this is where you know, we

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<v Speaker 1>could see major chaines like Etheroreum, Solana and different things

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<v Speaker 1>be used. I believe the folks that Fox News are

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<v Speaker 1>working on something like this and they're actually using Polygon,

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<v Speaker 1>but don't quote me on that. I plan to do

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<v Speaker 1>a video, you know, talking about that, and that's something

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<v Speaker 1>I'm gonna be personally watching. So that could be a

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<v Speaker 1>huge narrative in a next bullmarket. Now, speaking of the

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<v Speaker 1>next bull market, investment firm, multi coin bets, internet labor

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<v Speaker 1>markets will drive crypto's next wave of adoption. So many

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<v Speaker 1>of you may be familiar with multi Cooin. They're one

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<v Speaker 1>of the crypto funds that they were early to Solana.

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<v Speaker 1>They invest in Solana, they did a lot more as well.

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<v Speaker 1>So crypto's main use case has long been buying and

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<v Speaker 1>trading tokens, but some investors believe the next wave of

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<v Speaker 1>adoption could come from earning them instead. Multi Cooin Capital

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<v Speaker 1>calls this emerging model internet labor markets, where users receive

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<v Speaker 1>crypto for contributing tasks like data labeling, bandwidth, or other

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<v Speaker 1>online work. Proponents the model could transform crypto from a

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<v Speaker 1>speculative trading ecosystem into a global marketplace for digital labor.

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<v Speaker 1>I think there's some part of this which makes sense.

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<v Speaker 1>I think stable coins, right, A lot of people still

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<v Speaker 1>want the US dollars, So if you can pay them

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<v Speaker 1>on stable coins, yeah, yeah, you know, that could work.

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<v Speaker 1>And but you know, as far as specific crypto assets,

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<v Speaker 1>I don't know, you know, that's tbd. If there's more

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<v Speaker 1>infrastructure for people to be able to spend their crypto

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<v Speaker 1>assets like bitcoin, eth, Salona, XRP, and so forth, then yeah,

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<v Speaker 1>I think people will be more open to it. To

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<v Speaker 1>say Okay, yeah, pay me an XRP, pay me an ETH.

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<v Speaker 1>But if they they're not enough off rams for them

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<v Speaker 1>to quickly translate that to cash if they need it

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<v Speaker 1>or to spend it, then it's better off you send

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<v Speaker 1>me the stable coins because the stable coins have less

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<v Speaker 1>friction and less of a barrier for adoption, because it's

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<v Speaker 1>pretty straightforward, tokenized dollar, tokenized euro. Right, many businesses and

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<v Speaker 1>merchants and services going to be familiar with that, and

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<v Speaker 1>you know, we all know the benefits the instant settlements,

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<v Speaker 1>low fees and so forth. But it's TBD. You know,

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<v Speaker 1>this could certainly work out if the infrastructure is there,

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<v Speaker 1>and I don't know if it happens in the next

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<v Speaker 1>bull market. You know, we're really going to have to

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<v Speaker 1>wait and see. But I'm in agreement overall in the

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<v Speaker 1>longer term vision of this that this could work out

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<v Speaker 1>really well. Folks. That's the news. Let me know what

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<v Speaker 1>you think. Leave your thoughts and comments below. Subscribe if

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<v Speaker 1>you haven't as yet, please support the podcast by subscribing

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<v Speaker 1>to my free email newsletter. I'll be doing a write

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<v Speaker 1>up on Friday, so you don't want to miss that.

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<v Speaker 1>With more charts, more data, and information, about what's going

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<v Speaker 1>on in the market. So it's one hundred percent free,

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<v Speaker 1>doesn't cost you anything, and I don't spam, I don't

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<v Speaker 1>send you something every day. It is packed with insights

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<v Speaker 1>and knowledge, so again it's free and it's on substack.

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<v Speaker 1>Link would be in a description. Be sure to grab

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<v Speaker 1>a copy of my book on Amazon. It's available in

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<v Speaker 1>paperback and digital, and check out my course at mycryptocourse

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<v Speaker 1>dot com. This is a comprehensive course that teaches you

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<v Speaker 1>everything you need to know about crypto own blockchain technology.

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<v Speaker 1>Knowledge is power, so take the time and go through

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<v Speaker 1>it at your own pace to learn about this crypto technology.

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<v Speaker 1>It includes full text write ups, downloadable materials, videos, and

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<v Speaker 1>much more. So what makes the course unique it features

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<v Speaker 1>expert commentary, so the people I've spoke to and interviewed

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<v Speaker 1>over the years, I asked them specific questions and those

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<v Speaker 1>clips are in there. They're not publicly made, so it's

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<v Speaker 1>only in the course. So again, go to mycryptocourse dot

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<v Speaker 1>com to learn more. And folks, thank you so much

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<v Speaker 1>for tuning in. I appreciate you all and I'll talk

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<v Speaker 1>to you all later.