WEBVTT

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<v Speaker 1>Ripple will allocate ten million dollars to a tokenized fund

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<v Speaker 1>on the XRP ledger, and a major investment firm has

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<v Speaker 1>gone all in on Salona, buying millions of the token,

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<v Speaker 1>and Michael Sailor and micro Strategy have announced they've acquired

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<v Speaker 1>more bitcoin and coinbase reports one point four billion dollars

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<v Speaker 1>in revenue, beating estimates. We're gonna break this down in

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<v Speaker 1>much more. Let's get into it. Hey, everybody, welcome into

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<v Speaker 1>the Thinking Crypto podcast. You're home for cryptocurrency news and interviews.

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<v Speaker 1>I'm your host, Tony Edward. On your way in, please

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<v Speaker 1>hit that subscribe button as well as the thumbs up

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<v Speaker 1>button and leave a comment below. If you're listening on

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<v Speaker 1>a podcast platform such as Spotify or Apple, please leave

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<v Speaker 1>a five star rating and review. Well, folks. Over the

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<v Speaker 1>past twenty four hours, there has been liquidations of over

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<v Speaker 1>three hundred and twelve million dollars. Stop using leverage, folks. Look,

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<v Speaker 1>I don't use leverage, but this is what happens when

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<v Speaker 1>the market swings upwards or downwards. Right shorts get liquidated

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<v Speaker 1>on a move upwards, and when there's a move downwards

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<v Speaker 1>like we're experiencing right now, longs get liquidated. I pretty

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<v Speaker 1>much swing trade using Spot, but I don't use leverage.

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<v Speaker 1>If you know what you're doing, you can, but it

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<v Speaker 1>just be careful. It's very risky. But right now Bitcoin

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<v Speaker 1>pulling back currently just below sixty five thousand dollars. We're

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<v Speaker 1>waiting for that bottom. We're waiting for the next move upwards.

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<v Speaker 1>So we got to be patient here, guys. It's boring.

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<v Speaker 1>It's annoying. This sideways chop is so boring, right, But

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<v Speaker 1>usually this is how the markets behave in the summertime.

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<v Speaker 1>There's usually not major moves in July and August, but

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<v Speaker 1>come September and into Q four there usually is. So

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<v Speaker 1>this is what we've been talking about with yesterday's news.

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<v Speaker 1>Whether FED may start to cut in September, maybe late

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<v Speaker 1>August we start to see some movement upwards, and then

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<v Speaker 1>September the fireworks really start. So be patient and use

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<v Speaker 1>this as an accumulation opportunity. Obviously not financial investment advice.

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<v Speaker 1>Do your own research, but you know some all coins

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<v Speaker 1>may bleed a little bit and it could give you

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<v Speaker 1>an opportunity to scoop up some dollar cost averaging in

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<v Speaker 1>of course, and even Bitcoin as well. I'm personally not

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<v Speaker 1>buying bitcoin here because I loaded up in December twenty

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<v Speaker 1>twenty two January twenty twenty three, but I am going

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<v Speaker 1>to scoop up some all coins, you know, if they

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<v Speaker 1>hit certain price points, So you can set limit orders

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<v Speaker 1>on exchanges as well to buy at certain price points

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<v Speaker 1>even you know, maybe it hits it, maybe it doesn't,

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<v Speaker 1>But just keep that in mind. You can use this

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<v Speaker 1>as a buying opportunity because we're still in a bull market.

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<v Speaker 1>We're still in an uptrend, folks. And what we saw

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<v Speaker 1>is that black Rock and the other big whales have

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<v Speaker 1>been buying, so that data doesn't lie. The wallet addresses

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<v Speaker 1>are accumulating. So here Bitcoin Magazine reported, while bitcoin is dumping,

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<v Speaker 1>black Rock continues to buy more bitcoin, and they show

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<v Speaker 1>the screenshot of the wallet addresses accumulating. So smart money

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<v Speaker 1>will buy in the dips, and retail and dumb money

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<v Speaker 1>you're going to run scared and panic sell and so forth.

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<v Speaker 1>But that that's where financial education is important. Understanding the

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<v Speaker 1>market cycle so that when these swings happen, you're not

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<v Speaker 1>panicking because you know where we're at in the market.

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<v Speaker 1>You know what your plan is, whether you're buying the

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<v Speaker 1>dips or you're holding steady, So just keep that in mind, folks. Now,

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<v Speaker 1>speaking of smart money, Michael Sailor reported today that in July,

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<v Speaker 1>micro Strategy acquired an additional one hundred and sixty nine

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<v Speaker 1>bitcoin for eleven point four million dollars and now holds

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<v Speaker 1>two hundred and twenty six thousand, five hundred bitcoin. That

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<v Speaker 1>is insane. You know, I was worried about Michael Sailor

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<v Speaker 1>and micro Strategy during the bear market because they obviously

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<v Speaker 1>raised a lot of debt and so forth to buy

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<v Speaker 1>that bitcoin, and the bear market was pretty bloody, right,

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<v Speaker 1>let's be honest. So they made it through. They came

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<v Speaker 1>out on the other side, and I think this is

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<v Speaker 1>going to pay off incredibly well for Salor and micro Strategy.

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<v Speaker 1>It's already paying off with the arbitrage they're doing with

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<v Speaker 1>the stock, right. But you know, bigcoin as a treasury

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<v Speaker 1>reserve asset is growing in adoption, and you got presidential

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<v Speaker 1>candidates saying the United States should do this. So Sailor

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<v Speaker 1>is ahead of the curve here. This is going to

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<v Speaker 1>pay off really well for him. All Right, we got

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<v Speaker 1>big all coin news. First up is XRP so ripple

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<v Speaker 1>to allocate ten million dollars to tokenize US Treasury bills

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<v Speaker 1>on the XRP Ledger. We're seeing tokenization increase guys the adoption.

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<v Speaker 1>Obviously the biggest is black Rock where they started the

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<v Speaker 1>project Biddle where they tokenize on Etheroreum and that has

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<v Speaker 1>reached over five hundred million dollars their fund that they

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<v Speaker 1>tokenize so Payments Network Ripple will allocate ten million dollars

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<v Speaker 1>to tokenize version of US Treasury bills t bills that

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<v Speaker 1>will become available on the XRP ledger. For the first time,

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<v Speaker 1>the short term US government debt is being issued as

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<v Speaker 1>T bill tokens by tokenization platform open Eating. According to

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<v Speaker 1>a Thursday press release, assets backing the tokens will be

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<v Speaker 1>invested in short dated US treasuries and reverse repurchase agreements,

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<v Speaker 1>which is also known as repos collateralized by US Treasuries.

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<v Speaker 1>Repos are securities sold with an agreement to repurchase them

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<v Speaker 1>at a higher price at a specified feature date. The

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<v Speaker 1>tokenization of real world assets and traditional financial securities is

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<v Speaker 1>a growing sector of the crypto industry. It allows traditional assets,

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<v Speaker 1>especially private and alternative assets, to be issued, managed, and

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<v Speaker 1>distributed in a way that is considered more efficient than

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<v Speaker 1>their off chain counterparts. Ripple's allocation is part of a

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<v Speaker 1>larger fund that the company will allocate to tokenize t

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<v Speaker 1>bills provided by open Eden and other unspecified issuers. Neither

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<v Speaker 1>open Eden nor Ripple Labs specified dates for the fund's

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<v Speaker 1>allocation and the release. So this is great news for

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<v Speaker 1>the XRP leisure, but we want to see more. There's

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<v Speaker 1>a lot more happening on ethereum and other blockchains. We

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<v Speaker 1>know that Franklin Templeton is tokenizing on the Stellar blockchain

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<v Speaker 1>and its native token is lumens, which is XLM, and

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<v Speaker 1>we want to see more. But this is great news.

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<v Speaker 1>And the future is tokenization folks, where different securities, commodities,

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<v Speaker 1>and assets will be on the blockchain. I've often stated

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<v Speaker 1>twenty four to seven trading markets, no more opening and

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<v Speaker 1>closing mail, secondary and tertiary markets created and accessibility to

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<v Speaker 1>folks globally because right now not everyone can access to

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<v Speaker 1>New York stocket change, but tokens on the blockchain can

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<v Speaker 1>easily be accessed by anyone across the world. So I

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<v Speaker 1>think that's what the future. That's where we're headed to

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<v Speaker 1>the token economy as I've stated many times, so this

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<v Speaker 1>is really big news for XRP. And look XRP on

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<v Speaker 1>the charts looking good from a macro perspective. I'm not

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<v Speaker 1>talking about the micro of what's happening right now, but

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<v Speaker 1>it looks like it's primed for a breakout upwards, and

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<v Speaker 1>I'm hoping that dovetails with news that Ripple and sec

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<v Speaker 1>have concluded the lawsuit the remainder of the lawsuit that

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<v Speaker 1>is still on the table, and hopefully that will allow

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<v Speaker 1>XRP to move pretty strong. But this is great news,

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<v Speaker 1>all right, let's move ahead. Cipherpunk Holdings doubles down on

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<v Speaker 1>Solana again. So Toronto based investment firm Cipherpunk Holdings has

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<v Speaker 1>once again increased its exposure to Solana. According to its

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<v Speaker 1>latest public filing, since mid July, the firm has purchased

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<v Speaker 1>about twenty three thousand additional Soul tokens, bringing its total

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<v Speaker 1>to eighty six, two hundred and ninety four tokens, which

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<v Speaker 1>is twenty one point six million dollars. Wow, they're very

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<v Speaker 1>bullish on sold and look I mentioned about a month ago,

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<v Speaker 1>I think it was I put a lot more money

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<v Speaker 1>into Solana because there's a lot of liquidity going into

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<v Speaker 1>this token, so we're going to ride the liquidity wave

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<v Speaker 1>and make some great returns. And part of the reason

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<v Speaker 1>why he did that is the ETF filings, the ETF

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<v Speaker 1>filings in Canada in the United States. Plus they I

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<v Speaker 1>finally saw a real world adoption on Solana where Hamilton

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<v Speaker 1>laned tokenized on the Solana blockchain. They launched this cool

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<v Speaker 1>new feature blinks, which would allow integration into social platforms.

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<v Speaker 1>So those are real things outside of meme coins. I

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<v Speaker 1>was not on the meme coin train at all. Okay, fine,

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<v Speaker 1>you got a lot of meme coins and that's generating

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<v Speaker 1>a lot of transactions, but that's not real rural application.

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<v Speaker 1>But when I saw real products, real services, and real

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<v Speaker 1>companies building on Solana, that got me to change my mind.

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<v Speaker 1>And then the institutional interest in as far as an eto,

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<v Speaker 1>so this is pretty bullish. Last month, the block was

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<v Speaker 1>the first to report that cipherpunk had ten x it's

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<v Speaker 1>sold bag to sixty three thousand tokens worth fourteen million

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<v Speaker 1>dollars at the time from its initial investment of six thousand,

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<v Speaker 1>one hundred and thirty one tokens. As recently as the

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<v Speaker 1>end of the first quarter of twenty twenty four, it

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<v Speaker 1>held no soul, so they took a big bet recently,

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<v Speaker 1>and I think they see why, right, they can make

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<v Speaker 1>a really great return. It's pretty easy because there's a

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<v Speaker 1>lot of liquidity, plus the institutional demand for ETFs and

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<v Speaker 1>much more. The move is part of a significant s

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<v Speaker 1>in the focus for the company, which was one of

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<v Speaker 1>the first publicly traded firms to buy bitcoin to act

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<v Speaker 1>as a proxy for investing in crypto. Cipherpunk also reduced

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<v Speaker 1>its own sizeable bitcoin holdings by about one hundred and

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<v Speaker 1>ten bitcoin and currently holds just over fifty two bitcoin,

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<v Speaker 1>which is five point two million dollars. It used about

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<v Speaker 1>forty five of those bitcoin to exercise a buy order

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<v Speaker 1>of twenty thousand sol tokens options, while the rest were

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<v Speaker 1>sold for a profit. According to its public filing, the

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<v Speaker 1>firm purchased its first bitcoin in twenty eighteen, so I

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<v Speaker 1>think they recognize they will get more gains by allocating

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<v Speaker 1>to Solana. They're not getting rid of all their bitcoin,

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<v Speaker 1>but I think we've seen historically all coins perform bitcoin, right,

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<v Speaker 1>Not that you can't make money off of bitcoin, but

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<v Speaker 1>it's a matter of the percentage returns and your entry price,

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<v Speaker 1>So Solana is already up significantly from its bear market bottom.

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<v Speaker 1>So this is pretty cool. When Leah Wall took the

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<v Speaker 1>Rains as CEO in early July, she told that bitcoin

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<v Speaker 1>was far and away the firm's largest holding, a multimillion

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<v Speaker 1>dollar investment in metaverse company Animoga Brands was not far behind. It.

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<v Speaker 1>Now appears, however, that the firm is taking a different

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<v Speaker 1>track by reducing its exposure to bitcoin and selling off

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<v Speaker 1>its five point six million dollar worth of Animoga shares.

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<v Speaker 1>So this is very bolish. You behold Solana, and once

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<v Speaker 1>again I've updated my portfolio where I've allocated a significant

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<v Speaker 1>amount into Seoul. I'm not telling you to do that.

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<v Speaker 1>Do your own research. I did that based on my

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<v Speaker 1>own research. So this is pretty bullish for Slana in

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<v Speaker 1>my opinion, and I believe there's other firms doing the

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<v Speaker 1>same now, guys quickly from our sponsor, and that is

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<v Speaker 1>enterprise blockchains out there, where many enterprises are using them

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<v Speaker 1>to build Web three technology and sustainability projects and much more.

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<v Speaker 1>I'm a VET token holder in full of transparency. I

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<v Speaker 1>have been for a long time. I'm very bullish on

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<v Speaker 1>this project. Of the brands that are working with vchain

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<v Speaker 1>include BMW jvon Chi, Walmart, China, PwC, and Boston Consulting Groups.

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<v Speaker 1>So they're getting a lot of big time adoption. And

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<v Speaker 1>some of the key features of the v chain blockchain

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<v Speaker 1>includes it is secure, affordable, scalable, fast, and sustainable. If

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<v Speaker 1>you like to learn more, visit vchain dot org. Link

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<v Speaker 1>will be in the description. Now, guys, Coinbase reports one

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<v Speaker 1>point four billion dollars in revenue, beating estimates and coinbases obviously,

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<v Speaker 1>I believe the second largest exchange in the world behind Finance.

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<v Speaker 1>They have the branding, they've been doing some great things,

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<v Speaker 1>launching great products and services. And I do hold some

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<v Speaker 1>coinbased stock, not financial advice, but I believe it will

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<v Speaker 1>perform well because of crypto's rise. But also I've told

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<v Speaker 1>you guys, global liquidity is on the rise. Rate cuts

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<v Speaker 1>are coming, so the stock market, real estate, crypto, everything

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<v Speaker 1>will rise. We're in a macro bowl market, but I

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<v Speaker 1>like to diversify holding some coin based stock as well.

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<v Speaker 1>But this is pretty incredible, and look the number of

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<v Speaker 1>transactions they're reporting here on Base their ethereum layer two.

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<v Speaker 1>It grew by three hundred percent quarter re quarter and

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<v Speaker 1>it's a big revenue driver for them. So smart moving

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<v Speaker 1>launching Base and they didn't issue a token and they're

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<v Speaker 1>just collecting fees, so really really big move for them.

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<v Speaker 1>And look, I think the other thing exchanges are going

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<v Speaker 1>to have to do, guys and take into consideration is

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<v Speaker 1>that Wall Street is here with et aps and they're

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<v Speaker 1>going to pull away a lot of the retail who

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<v Speaker 1>would have gone to exchanges to buy their crypt They're

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<v Speaker 1>going to go through ETPs, so or not all of them,

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<v Speaker 1>but you know, a good amount. So exchanges have to

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<v Speaker 1>diversify their revenue. And certainly derivatives trading and all these

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<v Speaker 1>things are a big revenue driver, but the traditional spot

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<v Speaker 1>buying and so forth, it's it's going to decrease. So

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<v Speaker 1>these exchanges have to look at other ways to generate revenue.

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<v Speaker 1>And I think Coinbase they saw the writing on the

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<v Speaker 1>wall and they launch Base and they're doing other great things.

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<v Speaker 1>So these exchanges, if they don't up their game and

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<v Speaker 1>launch new services and increase the value add mom and

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<v Speaker 1>pop are going to go to Blackrock and buy their

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<v Speaker 1>bitcoin and ether and eventually are their oh coins. So

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<v Speaker 1>just keep that in mind. All right, we got some

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<v Speaker 1>interesting updates here around cryptoregulations. So Senator Cynthia Lummis is

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<v Speaker 1>the Bitcoin Act of twenty twenty four is officially live.

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<v Speaker 1>Cody Carbona of the Chamber tweeted it out. He says,

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<v Speaker 1>thank you, Senator Lummis for your leadership the establishment of

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<v Speaker 1>a strategic bitcoin reserve and bitcoin purchasing program positions in

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<v Speaker 1>the US for global leadership in digital assets. The initiative

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<v Speaker 1>is essential. So if you recall at the Bitcoin conference,

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<v Speaker 1>she highlighted that this is something she's working on. So

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<v Speaker 1>it's officially live, and it's pretty historic. It's pretty historic, guys.

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<v Speaker 1>I'm not expecting this to be signed into law, you know,

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<v Speaker 1>by the end of the year. Maybe, but that would

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<v Speaker 1>be incredibly bullish of what happens. But I think this

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<v Speaker 1>is pretty much getting the ball rolling here. So pretty

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<v Speaker 1>incredible stuff here, guys. I'm excited for the future adoption

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<v Speaker 1>of bitcoin and cryptocurrencies. Dennis Porter, who heads up the

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<v Speaker 1>Satoshi Act Fund, which does a lot of crypto advocacy,

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<v Speaker 1>he tweeted out today huge ending choke point two point

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<v Speaker 1>zero and opposing CBDC Discuss impact panel at the Capitol

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<v Speaker 1>the wins are shifting on bitcoin policy in Washington, d C.

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<v Speaker 1>The staff is paying close attention. This is great. Shout

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<v Speaker 1>out to Dennis and even folks at the Digital Chamber

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<v Speaker 1>and the Blockchain Association who are in DC every day

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<v Speaker 1>on Capitol Hill talking to different folks to try to

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<v Speaker 1>get them to change their policy. Crypto should not be

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<v Speaker 1>a partisan issue. It should be bipartisan. It shouldn't be

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<v Speaker 1>an election issue. Unfortunately, Elizabeth Warren and her cronies are

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<v Speaker 1>the reason that happened. But it needs to get to

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<v Speaker 1>a place where crypto is not even discussed as a

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<v Speaker 1>Republican or Democrat issue. Is US an American issue. We

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<v Speaker 1>are embracing technology, creating jobs and so forth. So this

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<v Speaker 1>is really great to hear. And I cover Operation Choke

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<v Speaker 1>point two point zero and Gary Gins and Elizabeth Warren

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<v Speaker 1>and the anti Crypto Army in my book, Rethinking Crypto,

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<v Speaker 1>which is available on Amazon and paperback and digital. Grab

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<v Speaker 1>a copy to support the podcast. Grab a couple of

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<v Speaker 1>copies for your friends and family who want to learn

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<v Speaker 1>about crypto. If you bought a copy already, be sure

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<v Speaker 1>to leave a rating and review. It will help my rankings.

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<v Speaker 1>Thank you guys, so much, and don't forget to subscribe

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<v Speaker 1>to my free email newsletter on substack and it's one

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<v Speaker 1>hundred percent for you guys, so it's filled with crypto

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<v Speaker 1>insights and knowledge. Thank you guys so much for watching

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<v Speaker 1>and listening. I appreciate you all, and I'll talk to

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<v Speaker 1>you all later. Two three two