Speaker 1: A billionaire Trump supporter is about to launch a crypto bank.
Speaker 1: This is really big, and there's a major tokenization initiative
Speaker 1: happening on the Avalanche blockchain and a very large crypto
Speaker 1: exchange acquisition you need to know about. I'll give you
Speaker 1: the details. Let's get into it. Hey, everybody, welcome into
Speaker 1: the Thinking Crypto podcast. You're home for cryptocurrency news and interviews.
Speaker 1: I'm your host, Tony Edward. On your way in. Please
Speaker 1: let that subscribe button as well as the thumbs up
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Speaker 1: a five star rating and review. Folks, we have some
Speaker 1: very big news coming out about a new crypto bank
Speaker 1: that is to be unveiled by a billionaire backer of Trump.
Speaker 1: President Trump, that is, and his name is Andy Beale.
Speaker 1: So the news says they want to establish a new
Speaker 1: federally chartered crypto bank called Monet Bank. So this is interesting.
Speaker 1: I wonder what they're going to be up to here.
Speaker 1: Obviously it's going to be crypto related, but I'm curious
Speaker 1: if it's going to be different from what we've seen
Speaker 1: so far in the market, because this person I honestly
Speaker 1: didn't know who he was and I had to look
Speaker 1: him up. So Andrew Bial he has his own bank
Speaker 1: called bial Bank USA or bill Bank, and I guess
Speaker 1: those are the two names. He's the founder and chairman
Speaker 1: of both. And obviously he's a billionaire, so he's got money,
Speaker 1: he's got banking experience. So we do have to wait
Speaker 1: a bit to hear all the details. But this is
Speaker 1: very interesting. And if you have banks being established at
Speaker 1: a crypto focus, you know what that means, folks. More
Speaker 1: on rams being built, more liquidity coming into the market,
Speaker 1: and competitions heating up here, which is really great for
Speaker 1: the crypto market. But this seems like it's going to
Speaker 1: be something really big moving ahead. Fidelity's CEO, Abigail Johnson
Speaker 1: says she still holds bitcoin, and she was speaking at
Speaker 1: a conference and she said it will continue to play
Speaker 1: a role in this savings hierarchy. Now, Abigail has been
Speaker 1: on record that Fidelity has been mining bitcoin for a
Speaker 1: long time. Remember she talked about having a mining rig
Speaker 1: on her desk and much more so. They've been at
Speaker 1: this for a long time. So great to hear that
Speaker 1: she's still very bullish. You don't often hear from her
Speaker 1: as much as you do Larry Fink of black Rock
Speaker 1: and so forth. But once again, Fidelity has been in
Speaker 1: the crypto industry doing a lot of testing and working
Speaker 1: on this technology in the very early days before they
Speaker 1: made it public. Eventually they told the story and we
Speaker 1: found out they've been at this since like twenty thirteen. Now,
Speaker 1: speaking of bitcoin, Indiana House introduces a bill that would
Speaker 1: allow pensions to invest in bitcoin. Most recently Texas. They
Speaker 1: bought bitcoin right and they bought the ETFs because that's
Speaker 1: the easiest way for them to go about it. So
Speaker 1: we are seeing different states looking to do this, and
Speaker 1: it's just a matter of time, you know that all
Speaker 1: of them do. It's game theory, right, one domino folds
Speaker 1: and the other are going to follow after that. So
Speaker 1: this is very bullish, and you know, I often state
Speaker 1: it starts a bitcoin and then eventually they will move
Speaker 1: to all coins. Now look at this news. It's around
Speaker 1: Avalanche or the avax token, which is the native token
Speaker 1: of the Avalanche blockchain. AI powered studio Mugafi partners with
Speaker 1: Avalanche to tokenize entertainment IP so, folks, we're seeing almost
Speaker 1: everything getting tokenized. On chain. But we know blockchain is
Speaker 1: going to power the future economies, governments, and markets. The
Speaker 1: blockchain rails will be used, so it's no surprise that
Speaker 1: these different aspects of society, different verticals and industries are
Speaker 1: all integrating blockchain technologies. So Mugafi, an AI driven platform
Speaker 1: for entertainment intellectual property, has partnered with Avalanche to tokenize firms, anime, music,
Speaker 1: and other media assets, allowing creators to finance and distribute
Speaker 1: projects directly on chain. The initiative will draw from Mugafhi's
Speaker 1: catalog and upcoming films. According to the company, it's AI systems,
Speaker 1: trained on thousands of scripts story structures help evaluate projects
Speaker 1: before they are brought on chain. For financing, Muggafi and
Speaker 1: Avalanche plan to finance more than ten million dollars in
Speaker 1: entertainment IP. The company said their long term target is
Speaker 1: to exceed one billion dollars in annual IP financing throughput.
Speaker 1: Avalanche said the partnership aims to demonstrate how its network
Speaker 1: can support large scale, real world asset issuance. The companies
Speaker 1: plan to use Avalanche's infrastructure to fund, track, and distribute
Speaker 1: entertainment projects on chain. Huge News here one tokenization continues, right,
Speaker 1: and we're seeing again different types of assets and content
Speaker 1: or whatever it may be, getting tokenized on the blockchains. Second,
Speaker 1: this is very big for Avalanche. I'm an AVAX token holder.
Speaker 1: I don't have a huge bag or anything like that.
Speaker 1: I am diversified and I do have some AVAX. I
Speaker 1: believe Avalanche will be one of the winners. Guys, they
Speaker 1: are getting a lot of adoption, so it's not possible
Speaker 1: to hold every token, but you know, you want to
Speaker 1: look for the chains that are getting real world adoption.
Speaker 1: People are building on them, and you know, take your
Speaker 1: bets accordingly. Now, speaking of tokenization, licensing to earn protocol
Speaker 1: turns intellectual property rights into RWA's. So here's another example
Speaker 1: of IP, you know, getting tokenized. So beat Swap, a
Speaker 1: full stack infrastructure that brings IP rights on chain, recently
Speaker 1: launch its first platform. So this is really great. You know,
Speaker 1: they're targeting the creator economy. They're targeting artists, music, movies
Speaker 1: and all that, similar to the Avalanche tokenization here. So
Speaker 1: web three platform. Beat Swap presents a blockchain based solution
Speaker 1: that removes the middleman from the process and puts both
Speaker 1: creators and the audience in the driver's seat of the
Speaker 1: creator economy. So this is a preview of what's the
Speaker 1: com folks. The a lot of middlemen and middleman fees
Speaker 1: getting cut out where you can interact directly through the blockchain,
Speaker 1: and you know, the traditional setup of some of these
Speaker 1: things are going to be gone. So unlike non fungible
Speaker 1: tokens NFTs, a widespread method for tokenizing ip RWAs can
Speaker 1: be fractionalized. This means both the creator and the fans
Speaker 1: can have a stake in the ip and gain a
Speaker 1: right to its appreciation and revenue stream. Alongside royalties paid
Speaker 1: out in USDT, participants also receive BTX, the ecosystem's native token,
Speaker 1: through the licensing to earn mechanism, adding an additional layer
Speaker 1: of rewards. Beat swap utilizes decentralized physical network DEEPEN infrastructures
Speaker 1: to track usage data and takes monthly snapshots to determine distributions.
Speaker 1: Constant on chain records allow all parties to gain a
Speaker 1: transparent view of how each work is used, how much
Speaker 1: revenue it generates, and how loyalty payments are shared. Again, folks,
Speaker 1: this is the future and what you may see. You know,
Speaker 1: some of these companies, these startups and so forth, like beatswap,
Speaker 1: They're not going to come in and take over an industry,
Speaker 1: but rather traditional industry players may acquire them and integrate
Speaker 1: the technology. You know, it's kind of what we've seen
Speaker 1: in Web two. But you know, you never know, there
Speaker 1: could be some of these startups which are game changing,
Speaker 1: and you know, the present such an incredible solution that
Speaker 1: the masses the consumers start gravitating to them and they
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Speaker 1: would be in the description. Now check this out. Wisdom
Speaker 1: Tree first to market with etherorem staking fund using Loido's
Speaker 1: steth So wisdom Tree they've been a trati fi player
Speaker 1: and they're now entering crypto, launching bitcoin etherorem ETFs and
Speaker 1: so forth. I recently interviewed Will Pack of wisdom Tree
Speaker 1: at chain Link smart Con, so they're doing a lot
Speaker 1: of great things and this is interesting that they're using
Speaker 1: lotos staking setup. So wisdom Tree introduced an etherorem based
Speaker 1: exchange traded product in Europe that earns staking rewards using
Speaker 1: the decentralized Loto protocol. The wisdom Tree Physical Loto steak
Speaker 1: ether ETP debut Thursday under the ticker l I s
Speaker 1: T holds only st eth So you're having dedicated staking
Speaker 1: ETFs here and this is going to be launch for
Speaker 1: all the proof of steak blockchains, Solana and Cardanom and
Speaker 1: much more. Really great to see all of these on
Speaker 1: rams being built globally, not just here in the United States.
Speaker 1: And in fact, the United States is kind of catching
Speaker 1: up to the rest of the world because in the
Speaker 1: EU and some other jurisdictions, at Canada, you had these
Speaker 1: products for the most part live they were ahead of
Speaker 1: the United States. And now the United States is catching
Speaker 1: up with folks. I hope you see what's happening here
Speaker 1: right the financialization of these crypto assets and on rams
Speaker 1: being built globally. Now here's some very big news. This
Speaker 1: is a huge acquisition. Turkey's Paraboo to buy coin Mina
Speaker 1: in a deal worth up to two hundred and forty
Speaker 1: million dollars, adding Dubai and Bahrain licenses. So huge acquisition here.
Speaker 1: Powaboo has acquired coin Mina, the largest local crypto exchange
Speaker 1: in the Middle East and North Africa, in a deal
Speaker 1: valued at up to two hundred and forty million dollars
Speaker 1: as the Turkish company seeks to expand its cross border presence.
Speaker 1: The move gives Paraboo, already one of Turkey's leading crypto
Speaker 1: and fintech players, immediate license access to two of the
Speaker 1: region's most active regulatory regimes. The company is announced in
Speaker 1: a statement on Thursday through Cooinmina powaboot inherits a broker
Speaker 1: dealer virtual Assets Service Provider license. Wow, that's a mouthful
Speaker 1: from Dubai's Virtual Assets Regulatory authority and a crypto Asset
Speaker 1: Service Provider license from the Central Bank of Bahrain. So, folks, again,
Speaker 1: the expansion the m and A is heating up. The
Speaker 1: investments game. Theory is playing out here. No one wants
Speaker 1: to get left behind. Everybody's expanding. They know this asset
Speaker 1: class is very young. It's going to continue to grow.
Speaker 1: People are going to invest in it as legislation and
Speaker 1: all these things roll out across the globe, and it's
Speaker 1: going to become a massive, massive asset class because you're
Speaker 1: seeing the traditional assets as we were talking about tokenization
Speaker 1: are being brought on chain. So all that's going to
Speaker 1: fall under the umbrella of digital assets and crypto. So
Speaker 1: this is really really big, folks. I want to highlight something.
Speaker 1: This is the final news items. SpaceX is planning to
Speaker 1: do an IPO and when twenty twenty six goes back
Speaker 1: to the theme I've been sharing with you all. We
Speaker 1: have AI companies, you have traditional tech companies, and you
Speaker 1: have crypto companies all looking to do IPOs in twenty
Speaker 1: twenty six. You have the SEC chair saying we want
Speaker 1: to make IPOs great again and have more of it
Speaker 1: in twenty twenty six. But a lot of people are
Speaker 1: saying we're in a bear market. That's it. The stock
Speaker 1: market is top out, cryptos topped out. Something is not
Speaker 1: adding up here, And I'm just sharing the news here.
Speaker 1: And look, I don't have a crystal ball, but I've
Speaker 1: been saying there are bearer signals on the charts, but
Speaker 1: the macro these news items here and of what the
Speaker 1: Fed is doing and the end of quantitative tightening and
Speaker 1: continue ray cuts are all signaling there's still more in
Speaker 1: this bull market. But look, I may be wrong, but
Speaker 1: again I'm just sharing the facts of these companies are
Speaker 1: looking to go public. You got open Ai, you get
Speaker 1: in a crypto market, Securitized, Grace, Kraken and others. So
Speaker 1: why the dichotomy, right? And this is why it's almost
Speaker 1: leading me to think of this pullback we're seeing right now,
Speaker 1: it's a deep correction. What is just a local top
Speaker 1: correction right that we will continue and there's still a
Speaker 1: blow off top left in this market. But who knows
Speaker 1: all right, I don't have a time machine. I wish
Speaker 1: I did, But even know, I've given the example of
Speaker 1: Biff in Back to the Future, right, where he gives
Speaker 1: his younger self the all sports almanacs, so he knows
Speaker 1: the future outcomes of the games. I wish I had
Speaker 1: something like that for crypto and even the stock market, right,
Speaker 1: But unfortunately we don't. But you know, we can look
Speaker 1: at the facts. We can look at the data, the
Speaker 1: charts and so forth, and form our thesis and use
Speaker 1: the facts right, and the data versus our feelings and
Speaker 1: emotions and gut feelings. So again, what the hell is happening?
Speaker 1: Why is SpaceX looking to do an IPO? Who the
Speaker 1: hell goes public in a bear market? No one? Because
Speaker 1: liquidity is usually dried up, right, investors don't have money
Speaker 1: and there's not you don't get the same valuations. So again,
Speaker 1: if you read between the lines, put your put your
Speaker 1: thinking cap on here. How what's happening we? I think
Speaker 1: if we're in a bear market area, it means that
Speaker 1: you know, twenty twenty six is going to be worse, right,
Speaker 1: But it says where we're gonna have to wait and see.
Speaker 1: I'm still you know, leaning towards the bullish side. So
Speaker 1: you guys, let me know what you think if you
Speaker 1: agree with me. You know, do you have an explanation
Speaker 1: to the bearish folks? Do you have an explanation of
Speaker 1: why these companies are looking to go public in twenty
Speaker 1: twenty six if we're entering a bear market right, or
Speaker 1: if some of you say we are already in a
Speaker 1: bear market so it just doesn't make sense. Let me
Speaker 1: know what you think. Leave your thoughts comments below hit
Speaker 1: the thumbs up button. A great way to support the
Speaker 1: podcast is by subscribing to my free email newsletter. It
Speaker 1: is one hundred percent free. Check out the link in
Speaker 1: the description and check out my book on Amazon. It's
Speaker 1: available in paperback, in digital, and my course at Mycrypto
Speaker 1: course dot com. Folks, thank you for tuning in. I
Speaker 1: appreciate you all. In all, I'll talk to you all later.
Speaker 1: M hm