Speaker 1: Hey, folks, welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward
Speaker 1: on your weight in. Please sit that subscribe button as
Speaker 1: well as the thumbs up button and leave a comment below.
Speaker 1: If you're listening on a podcast platform such as Spotify
Speaker 1: or Apple, please leave a five star rating and review. Folks,
Speaker 1: there's not too much to talk about as relates to
Speaker 1: the price. We're still seeing a lot of volatility and chop,
Speaker 1: but the macro structure is still intact. As we've been
Speaker 1: discussing in the past podcasts, I've been outlining in my
Speaker 1: newsletter as well, So we got to give the market
Speaker 1: more time here to see the decisive move here. As
Speaker 1: I've been saying, there is a bear scenario, there is
Speaker 1: a probability of that scenario playing out, but I believe
Speaker 1: the higher probability is that we are still in a
Speaker 1: bull market based on macro factors. Right now, the Bitcoin
Speaker 1: Fear and Greed Index is in extreme fear. So let's
Speaker 1: see what the market does later this week even into
Speaker 1: next week. As we've seen, when the sentiment gets this
Speaker 1: bad and the herd is all feeling depressed and sad
Speaker 1: and fearful and so forth. That's when the whales through
Speaker 1: the opposite. So it's a patients game here. Now. Something
Speaker 1: that's interesting, we're starting to see the FED inject liquidity
Speaker 1: doing pseudo or stealth QI if you want to call
Speaker 1: it that, not full on QUI, and this is via
Speaker 1: the reverse repo market. They apparently injected another twenty four
Speaker 1: billion dollars in over the past five days. It's totally
Speaker 1: one hundred and twenty five billion. So could this liquidity
Speaker 1: make its way back to the market. I think so.
Speaker 1: We saw this in twenty twenty three with the banking
Speaker 1: regional banking situation and how they did all that, and
Speaker 1: even liquidity injections along the way from the Treasury and
Speaker 1: much more so, clearly they are trying to prevent some
Speaker 1: sort of collapse here, and it's what they've been doing
Speaker 1: for a long time. So this is why the foundational
Speaker 1: thesis why we're investing in assets is that these central banks,
Speaker 1: including the FED, will continue to print in debase currency
Speaker 1: and that's going to steal your purchasing power of your cash,
Speaker 1: your FIAT. So that's why you have to take some
Speaker 1: of that FIAT and put it into assets that will
Speaker 1: outpace that debasement and the inflation. So the same inflation
Speaker 1: that's driving up the price of services and goods is
Speaker 1: also driving up your asset prices. So this is the
Speaker 1: macro thesis, right, And once you understand this, you know
Speaker 1: where to position yourself and be patient because it's the
Speaker 1: long game that we're playing here. Now. There is some
Speaker 1: cyclicality to the markets, like the for you, liquidity cycle,
Speaker 1: not the having, but the liquidity cycle, which I believe
Speaker 1: some of that is being delayed a bit because of
Speaker 1: the Trump tariffs, and I've been saying it's pushing the
Speaker 1: bull market into twenty twenty six. So this is a
Speaker 1: positive sign, not that I'm for this or I'm endorsing this,
Speaker 1: but rather we know the liquidity will make its way
Speaker 1: to assets. They will continue to go higher. Now we
Speaker 1: continue to see digital asset treasury companies buy, so they're
Speaker 1: buying the dips. Tom Lee's Bitmine Immersion acquires an additional
Speaker 1: three hundred million dollars in Ether, bringing holdings to thirteen
Speaker 1: point seven billion dollars. That's incredible. Michael Sailor's Strategy also
Speaker 1: bought some bitcoin. They bought three hundred and ninety seven
Speaker 1: bitcoin at an approximate price of one hundred and fourteen
Speaker 1: seven hundred and seventy one dollars per bitcoin. So this
Speaker 1: is very telling as well that these guys are buying
Speaker 1: in this uncertainty where some people are saying the top
Speaker 1: is in right, So very interesting here. And Tom Lee specifically,
Speaker 1: he was on CNBC either I think it was today, Yeah,
Speaker 1: and he was saying that he expects the bull market
Speaker 1: to continue in the end the year strong, a big rally.
Speaker 1: And he said, you know some of the things I've
Speaker 1: been talking about on the podcast, and that is government
Speaker 1: shut down, these things resolving, the FED continuing to cut rates,
Speaker 1: and you know, signals of not necessarily that they're going
Speaker 1: to hit the printer and start going full on QI,
Speaker 1: but the markets just need to signal right. And I
Speaker 1: think he's right now. He could be wrong. We don't
Speaker 1: blindly follow people. I don't want you to blindly follow me.
Speaker 1: I always tell you guys, do your own research and
Speaker 1: also get different point of views, right, never follow anybody
Speaker 1: like a cult because we're all human beings. We can
Speaker 1: get things wrong, but we want to make sure we're
Speaker 1: focusing on the data and the facts, not made up
Speaker 1: fairy tales, not our emotions, because that will wreck you
Speaker 1: in the markets, right, So very interesting that these folks
Speaker 1: are buying. All right, We got some very big news
Speaker 1: out of Ripple today, lots of big news. So first up,
Speaker 1: Ripple Prime breaks ground in the US today with the
Speaker 1: launch of Digital Assets spot Prime brokerage capabilities allowing clients
Speaker 1: to execute OTC spot transactions across the most prominent digital
Speaker 1: assets and stable coins, including XRP and rl USD. So
Speaker 1: there was also announcement that ripples are LUSD has officially
Speaker 1: crossed over a one billion dollar market cap, so that's
Speaker 1: pretty great growth there. And they said with Ripple Prime,
Speaker 1: g Treasury and rail now joining the effort, our l
Speaker 1: USD and XRP will drive faster, efficient and compliance settlement worldwide.
Speaker 1: This is how we advance the future of finance. So
Speaker 1: big news for Ripple stable coin and even the adoption
Speaker 1: of XRP. Ripple also made a new acquisition, so they said, here,
Speaker 1: institutional grade acid custody just got supercharge. We're acquiring Palisade Incorporated.
Speaker 1: And on Palisade's profile it says a digital asset custody
Speaker 1: infrastructure company. Palisade offers a fast and scalable wallet solution
Speaker 1: ideal for on and off ramps and global corporate payments.
Speaker 1: This integration accelerates value transfer across Ripple Payments and Ripple custody.
Speaker 1: Secure custody enables the on chain economy from safe storage
Speaker 1: to seamless transfer where building the Internet of value. Big
Speaker 1: news here. Ripple continues to make huge acquisitions, building out
Speaker 1: their network and being able to service different financial institutions
Speaker 1: across the globe. And of course they're pushing their stable
Speaker 1: coin r OUSD, which is built on the XRP ledger
Speaker 1: and etherorem and of course the use of XRP and
Speaker 1: the XRP ledger where possible, So very big news here now, folks,
Speaker 1: a great place where you can buy, sell, steak your
Speaker 1: crypto assets is on Uphold. So I've been a user
Speaker 1: of this platform since twenty eighteen. They're one of my
Speaker 1: go to exchanges. I've never had any issues or problems
Speaker 1: with them. They've always been reliable and they offer staking
Speaker 1: on twenty plus crypto assets and they also offer three
Speaker 1: hundred plus crypto assets, so you can get access to
Speaker 1: all of the top coins. And best of all, folks,
Speaker 1: they are fully reserved. They don't commingle or lend out
Speaker 1: your crypto assets, and you can review their transparency report
Speaker 1: on their website. In addition, they offer a rewards program
Speaker 1: where you can earn up to five point twenty five
Speaker 1: percent on stable coins. You can also get twenty four
Speaker 1: hour early access to new tokens that they list. So
Speaker 1: the stable coins they support includes Ripples, r L, USD
Speaker 1: where you earn up to five percent there, USBC where
Speaker 1: you earn up to five point two five percent there,
Speaker 1: and USDC which is issued by Circle. You earn up
Speaker 1: to two percent there and to participate, you simply have
Speaker 1: to log into the app once per month, deposit fifty
Speaker 1: dollars once per month, and trade fifty dollars once per month.
Speaker 1: So pretty straightforward. So once again, Uphold is a great platform.
Speaker 1: I've used them for many years and they got a
Speaker 1: lot of different products and features, so check them out.
Speaker 1: The link will be in the description now, folks, huge
Speaker 1: chain link news mighty if you know I hoole link
Speaker 1: in my portfolio. I'm very bullish on this project. I've
Speaker 1: often stated we see chain links getting adoption from tradfying
Speaker 1: blockchain projects and crypto native companies. So their products and
Speaker 1: solutions are amazing, guys. It's solving a real problem and
Speaker 1: it's enabling a lot of cool features in the crypto
Speaker 1: industry with their price articles and so forth. And guys,
Speaker 1: Tomorrow and Wednesday, I will be a chaining smart coon
Speaker 1: doing interviews, so I'll be interviewing some really great guests,
Speaker 1: So stay tuned for those interviews. So the FTSE Russell
Speaker 1: taps Chainlink to bring Russell one thousand and other index
Speaker 1: data on chain. What a headline. That is pretty incredible, guys.
Speaker 1: So leading crypto oracle provider chain Link has inked a
Speaker 1: partnership with FTSE Russell to bring its indices and market
Speaker 1: data on chain. This includes data from major global indices
Speaker 1: like the Russell one thousand, Russell two thousand, Russell three thousand,
Speaker 1: and other FTSE products. FTSSE Russell will onboard its data
Speaker 1: using chain links institutional grade data publishing service data Link.
Speaker 1: The data will now be accessible twenty four to seven
Speaker 1: across multiple blockchains, according to an announcement on Monday. So
Speaker 1: you see how trad file is using this technology to
Speaker 1: become twenty four to seven. So it's what we've been
Speaker 1: talking about for a long time. The token economy Crypto
Speaker 1: has been running twenty four to seven three sixty five,
Speaker 1: no holidays, no opening and closing bills for years now.
Speaker 1: The trad five markets stock market are much more are
Speaker 1: trying to do that right. So data Link, previously tapped
Speaker 1: by major data purveyors like Deutsche Bores and S and
Speaker 1: P Global, is used by thousands of decentralized apps and
Speaker 1: integrated with dozens of blockchains. Data providers integrate with data Link,
Speaker 1: which then pushes data to chain links nodes, making it
Speaker 1: accessible to smart contracts. This is really great, guys, and
Speaker 1: it's just one of the reasons I am bullish on
Speaker 1: chain Link. Guys. I've just been studying this project and
Speaker 1: look in all the different aspects and it is getting
Speaker 1: real world adoption. So here's another example. Brazil Hong Kong
Speaker 1: test cross border blockchain trade system via chain link. Wow,
Speaker 1: you got banks leveraging chain link. Heres. So Brazilian digital
Speaker 1: bank banko inter has Co completed a blockchain based international
Speaker 1: trade finance pilot with chain Link the Central Bank of
Speaker 1: Brazil and the Hong Kong Monetary Authority, showcasing how distributed
Speaker 1: ledger technology can simplify cross border settlement. The experiment took
Speaker 1: place under Phase two of Brazil's Directs Central Bank Digital
Speaker 1: Currency Project and simulated the settlement of export transactions between
Speaker 1: Brazil's Directs network and Hong Kong's Ensembol platform. A blockchain
Speaker 1: system developed under the hkma's project and Symbol initiative, Chainlink
Speaker 1: provided the interoperability infrastructure connecting the two networks. According to
Speaker 1: Banco inter banko Intro has previously worked with chain Link,
Speaker 1: including in an earlier Phase two pilot of Brazil's DRES
Speaker 1: digital Currency project. Incredible adoption and we're just seeing banks
Speaker 1: and the other major institutions leveraging blockchain technologies in different ways.
Speaker 1: So very bullish. Now look at this news related to
Speaker 1: the Canton network. And remember I've been talking about that
Speaker 1: this is a coin I want to invest in. It's
Speaker 1: not on the major exchanges yet, so once it's available,
Speaker 1: I'll let you guys know if I take a position,
Speaker 1: I don't want to buy into a pump, so I've
Speaker 1: often stated, I wait till there's blood on the streets
Speaker 1: and then I buy. But this project, I interviewed the
Speaker 1: folks who are building it. You've all Ruse of the
Speaker 1: company called Digital asset and many banks are backing this
Speaker 1: blockchain because it's a public blockchain with privacy built in.
Speaker 1: But look at this. Theerrammune, if I'm saying that right,
Speaker 1: raises five hundred and forty million dollars with ARC invest As,
Speaker 1: Kathy Wood, DRW, crack in the Exchange, and others to
Speaker 1: build canton Coin treasury. Big names backing this to build
Speaker 1: a digital asset treasury company for the Canton coin. And
Speaker 1: this coin is not even in the open market yet.
Speaker 1: So Nasdaq listed Therammune Incorporated said Monday it raised about
Speaker 1: five hundred and forty million dollars in a private placement
Speaker 1: to fund a new digital asset treasury strategy centered on
Speaker 1: the canton Coin. The token powers the Canton Network, a
Speaker 1: blockchain built to link regulated institutions through a privacy enabled
Speaker 1: system supporting atomic settlement across multiple asset classes. The deal,
Speaker 1: priced at three dollars and just about over seven cents
Speaker 1: per share, is expected to close around November six. Investors
Speaker 1: include DRW, Liberty City Ventures, ARC invest, broad Ridge, Kraken,
Speaker 1: and Polychain Capital, among others. Last week, Bloomberg reported that
Speaker 1: trading from DRW Holdings and Liberty City Ventures would contribute
Speaker 1: a portion of the Treasury's funds directly in the form
Speaker 1: of canton coins, which are not yet listed on crypto exchanges.
Speaker 1: So again, do your own research, right, don't just follow
Speaker 1: me blindly. Like I said, guys, I'm just being realistic
Speaker 1: with you all. But this is a project I am
Speaker 1: watching very closely, and after my interview with u al Ruse,
Speaker 1: I realize what the hell is happening the folks who
Speaker 1: are involved, Goldman Zachs and a bunch of other banks
Speaker 1: involved with this project. So this is a point I'm
Speaker 1: going to be looking to buy the dip on, not
Speaker 1: buy the pump, right. I hope you're learning my approach
Speaker 1: here and how you got approach it. You don't go
Speaker 1: with the herd buying the pump. You go when people
Speaker 1: are scared, like right now, that's the time to be
Speaker 1: buying now. Obviously there are nuances to that. You know,
Speaker 1: are we in a bayer market and a massive downtrend
Speaker 1: right like that? Would we would be like buying in
Speaker 1: twenty twenty two when you know the price is about
Speaker 1: to collapse further? So are there some nuances there with
Speaker 1: the timeline. But nevertheless, it's always I think a good
Speaker 1: time to buy when this blood on the streets. You know,
Speaker 1: it's like Warren Buffett said, be greedy when others are fearful,
Speaker 1: and fearful when others are greedy. So big news here
Speaker 1: for the Canton network. Now, speaking of tokenization, tokenized treasuries
Speaker 1: cross eight point six billion dollars as banks and exchanges
Speaker 1: push collateral use. So we are seeing the tokenization race
Speaker 1: and utility heat up here. So tokenized US treasury is
Speaker 1: the largest class of real world assets after stable coins
Speaker 1: have entered a new phase. Tokenized money market funds, which
Speaker 1: pool cash into short term US government securities, are shifting
Speaker 1: from a passive yield to collateral for trading, credit and
Speaker 1: repot transactions. As of late October, the total market cap
Speaker 1: of tokenized treasuries reached eight point six billion dollars, up
Speaker 1: from seven point four billion in mid September. That's a
Speaker 1: big jump, you know, just in a month. The increase
Speaker 1: was led by guests who black rocks Biddle, of course,
Speaker 1: which reached about two point eighty five billion dollars, followed
Speaker 1: by Circles USYC at eight hundred and sixty six million,
Speaker 1: and Franklin Templeton's Benji at eight sixty five or eight
Speaker 1: hundred and sixty five million fidelities. The newly launched tokenized
Speaker 1: MMF also showed impressive growth and rose to two hundred
Speaker 1: and thirty two million dollars. Look at the names there
Speaker 1: with the exceptional circle. The others are all Wall Street
Speaker 1: giants who are around before crypto. And look at what
Speaker 1: they're doing, folks. This is why I'm bullsh again. You're
Speaker 1: just seeing investments building continuing because these guys don't think
Speaker 1: the crypto market's dead and oh my god, it's over
Speaker 1: and all that. Right, they're building. They're preparing to have
Speaker 1: the macro view. And that's what I'm trying to impart
Speaker 1: to you, to have the macro view. Don't panic, don't worry.
Speaker 1: Oh my god, it's over, right, it's not over. As
Speaker 1: long as they keep printing money and debasing the currency,
Speaker 1: and we know they have to because it's the Fiat system,
Speaker 1: crypto will continue to run. Will there be slight differences
Speaker 1: in each cycle? Of course? You know. An example I
Speaker 1: gave yesterday was look at what happened in twenty twenty
Speaker 1: and twenty twenty one, the double peak, right versus twenty
Speaker 1: seventeen and even twenty thirteen and twenty fourteen, there have
Speaker 1: been different to movements in the markets, but they still
Speaker 1: ran to new highs, right, and we got to be patient.
Speaker 1: There are some headwinds in this cycle, like tariffs that
Speaker 1: were not present in the previous cycles, so that it
Speaker 1: kind of through the curveball to all markets like we
Speaker 1: had the big dump and collapse earlier this year, right
Speaker 1: with Trump's announcement of the terriffs. Plus it continues to
Speaker 1: be a headwind where you know, in early October, we
Speaker 1: know what happened. Trump tweets out and boom the market dumps.
Speaker 1: Some insider whale did some manipulation with shorting and much more.
Speaker 1: But I digress. I hope you guys just see the
Speaker 1: macro view and the fundamentals that are still intact. Here.
Speaker 1: Now something you should know about some people have been
Speaker 1: spreading a lot of rumors. You know, these bears are
Speaker 1: going crazy. I'm seeing top accounts on X people who
Speaker 1: are where I know they're shorting, but they're just putting
Speaker 1: out the most bs fud fearful charts and information. And
Speaker 1: here there's there's a rumor go around that winter mute
Speaker 1: the market maker is gonna sue Binance saying there and
Speaker 1: but the CEO came out and said, that's it's false information.
Speaker 1: It's baseless. If you don't know Winter Mute, they're the
Speaker 1: market maker where Binance sends like coins for to sell
Speaker 1: or even to buy, right vice versa. And a lot
Speaker 1: of people complain about the market makers, but that's how
Speaker 1: markets work. I think a lot of crypto people don't
Speaker 1: realize market makers are just doing their job. It's the
Speaker 1: if you're you want to be mad at somebody, be
Speaker 1: mad at by nance, or be mad at the people
Speaker 1: who want to sell. The market makers just doing your job.
Speaker 1: You want to buy, the market maker will provide the
Speaker 1: liquidity and all that you want to sell the same thing.
Speaker 1: But you know, like I said, there's a lot of
Speaker 1: fud going around that Winter Mute is gonna sue Binance.
Speaker 1: You're going to see some crazy rumors and stuff. The
Speaker 1: bears are going nuts, man, that can see them because
Speaker 1: I've been here in the market. I know the game now,
Speaker 1: and certain accounts, you know, I've been tweeting back at
Speaker 1: them like hey, man up and show us your short positions. Right.
Speaker 1: If you're gonna say all this bs nonsense. And again
Speaker 1: that doesn't mean that I'm not denying that there's gonna
Speaker 1: be some downside, but they're trying to say, oh, it's
Speaker 1: nineteen twenty nine. Look it's over, it's gonna crash, and
Speaker 1: a lot of people are falling for it right who
Speaker 1: don't know better. But look, it's the game. But hey,
Speaker 1: I don't use leverage. I bought the bear market bottom
Speaker 1: spot and I've been holding, and my portfolio is up
Speaker 1: despite what's happening right now because of when I entered
Speaker 1: the market. And I've been telling you guys, you know,
Speaker 1: buy the blood in the streets and you'll be fine.
Speaker 1: It gives you a better opportunity to make more money
Speaker 1: and even withstand some of the volatility on the way
Speaker 1: up to new highs. So guys, that's the news. Let
Speaker 1: me know what you think. Leave your thoughts and comments below,
Speaker 1: hit the thumbs up button. If you appreciate this content,
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Speaker 1: This is a comprehensive course that teaches you everything you
Speaker 1: need to know about crypto folks. Thank you so much
Speaker 1: for tuning in. I appreciate you all, and I'll talk
Speaker 1: to you all later.