WEBVTT

1
00:00:05.080 --> 00:00:08.279
<v Speaker 1>Hey, folks, welcome into the Thinking Crypto Podcast, your home

2
00:00:08.359 --> 00:00:11.919
<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward.

3
00:00:12.080 --> 00:00:14.599
<v Speaker 1>On your way in. Please set that subscribe button as

4
00:00:14.599 --> 00:00:16.839
<v Speaker 1>well as the thumbs up button and leave a comment below.

5
00:00:17.079 --> 00:00:19.600
<v Speaker 1>If you're listening on a podcast platform such as Spotify

6
00:00:19.679 --> 00:00:22.760
<v Speaker 1>or Apple, please leave a five star rating and review. Folks,

7
00:00:22.800 --> 00:00:24.600
<v Speaker 1>as you can tell, I'm back in my home studio.

8
00:00:24.719 --> 00:00:27.160
<v Speaker 1>I'm back from vacation, me and the family. We went

9
00:00:27.199 --> 00:00:29.199
<v Speaker 1>to Montreal and we had a really good time. A

10
00:00:29.280 --> 00:00:32.840
<v Speaker 1>quick vacation, but folks, we got big news to talk about.

11
00:00:32.920 --> 00:00:35.840
<v Speaker 1>I want to kick it off with bitcoin and right

12
00:00:35.880 --> 00:00:39.159
<v Speaker 1>now still consolidating around one hundred and seven thousand dollars.

13
00:00:39.200 --> 00:00:42.439
<v Speaker 1>We're waiting for a breakout to new highs and I

14
00:00:42.439 --> 00:00:45.479
<v Speaker 1>think that's around the corner. We may see some volatility

15
00:00:45.520 --> 00:00:48.759
<v Speaker 1>before we get there, but one of the major indicators

16
00:00:48.799 --> 00:00:51.399
<v Speaker 1>we've been looking at, both in the newsletter as well

17
00:00:51.439 --> 00:00:53.880
<v Speaker 1>as on the podcast, is that we are seeing global

18
00:00:53.880 --> 00:00:57.240
<v Speaker 1>liquidity continues to rise and risk assets are following. And

19
00:00:57.320 --> 00:00:59.960
<v Speaker 1>look at the SMP five hundred, it is hitting new

20
00:01:00.320 --> 00:01:04.359
<v Speaker 1>all time highs. A perfect v shape recovery is happening here.

21
00:01:04.400 --> 00:01:06.879
<v Speaker 1>You look at this chart, it's beautiful. The big dump

22
00:01:06.920 --> 00:01:10.959
<v Speaker 1>that happened with the tariff uncertainty crash, of course, and

23
00:01:11.040 --> 00:01:13.519
<v Speaker 1>now we're seeing the recovery from that, and even the

24
00:01:13.599 --> 00:01:16.359
<v Speaker 1>Nasdaq is hitting new all time highs. So what we've

25
00:01:16.359 --> 00:01:19.799
<v Speaker 1>seen is that all risk assets, whether it be precious metals,

26
00:01:20.040 --> 00:01:23.159
<v Speaker 1>crypto stocks, and so forth, are all correlated to global

27
00:01:23.159 --> 00:01:26.519
<v Speaker 1>equity and they've been on the rise. And folks, this

28
00:01:27.079 --> 00:01:28.920
<v Speaker 1>is a beautiful sign. It shows we are still in

29
00:01:28.959 --> 00:01:32.040
<v Speaker 1>the bull market. And as mentioned, there's going to be volatility,

30
00:01:32.079 --> 00:01:33.959
<v Speaker 1>so you have to expect that nothing goes up in

31
00:01:34.000 --> 00:01:37.040
<v Speaker 1>a straight line. But the signs are there for the

32
00:01:37.120 --> 00:01:39.599
<v Speaker 1>continuation and for the run up to new highs. You

33
00:01:39.799 --> 00:01:43.040
<v Speaker 1>just got to be patient. Another factor that is important

34
00:01:43.040 --> 00:01:46.079
<v Speaker 1>to look at is the dx Y, the dollar currency index.

35
00:01:46.079 --> 00:01:48.239
<v Speaker 1>You know, I wrote in my newsletter on Sunday that

36
00:01:48.359 --> 00:01:51.760
<v Speaker 1>it was below ninety eight. It is now below ninety seven.

37
00:01:51.879 --> 00:01:54.640
<v Speaker 1>It continues to break down. That is very good for

38
00:01:54.719 --> 00:01:59.159
<v Speaker 1>risk assets due to the inverse correlation. So all the metrics,

39
00:01:59.200 --> 00:02:01.239
<v Speaker 1>all the data, and once again I'm not sharing my

40
00:02:01.280 --> 00:02:04.359
<v Speaker 1>emotions now, not my feelings, but the data, because you're

41
00:02:04.400 --> 00:02:06.599
<v Speaker 1>going to see people in the common section who have

42
00:02:06.680 --> 00:02:08.680
<v Speaker 1>been saying for months we're in a bear market. It's

43
00:02:08.680 --> 00:02:11.159
<v Speaker 1>all done right. They have disappeared, and some of them

44
00:02:11.159 --> 00:02:13.919
<v Speaker 1>are still hanging around because some of them are shorting

45
00:02:13.960 --> 00:02:16.599
<v Speaker 1>the markets that they want to put freer and pulse

46
00:02:16.680 --> 00:02:19.520
<v Speaker 1>put cell pressure out there. But we are in a

47
00:02:19.560 --> 00:02:21.800
<v Speaker 1>bull market, and I think it's risky to short in

48
00:02:21.840 --> 00:02:24.120
<v Speaker 1>a bull market. You want to short in a bear market,

49
00:02:24.199 --> 00:02:28.280
<v Speaker 1>that's easy, right. But guys, we still got more upside here.

50
00:02:28.439 --> 00:02:31.520
<v Speaker 1>So that's the takeaway now, folks. The Big Beautiful Bill,

51
00:02:31.879 --> 00:02:35.439
<v Speaker 1>which is of course Donald Trump's spending bill, the fund

52
00:02:35.479 --> 00:02:37.639
<v Speaker 1>the government and to kick off a whole bunch of

53
00:02:37.719 --> 00:02:41.919
<v Speaker 1>economic prosperity and things along those lines. Well, apparently Senator

54
00:02:42.039 --> 00:02:46.639
<v Speaker 1>Cynthia Lummis, who's a big time crypto advocate, she tried

55
00:02:46.680 --> 00:02:50.080
<v Speaker 1>to put some language in the bill regarding crypto So

56
00:02:50.159 --> 00:02:53.840
<v Speaker 1>this is interesting. It's outside of the Crypto Market Structure Bill,

57
00:02:53.879 --> 00:02:57.039
<v Speaker 1>in the stable coin bill. So Eleanor Turrett reported that

58
00:02:57.080 --> 00:03:00.639
<v Speaker 1>amendments to the Big Beautiful Bill regarding crypto taxes are

59
00:03:00.639 --> 00:03:04.800
<v Speaker 1>still on the table today despite some last minute disagreements. Sunday,

60
00:03:04.919 --> 00:03:07.159
<v Speaker 1>I'm hearing the White House has gotten wind of this

61
00:03:07.520 --> 00:03:11.080
<v Speaker 1>and it's pushing for inclusion of Senator Lummis's language in

62
00:03:11.120 --> 00:03:14.560
<v Speaker 1>the final bill. Now, Dennis Porter tweeted out about this, saying,

63
00:03:14.639 --> 00:03:17.439
<v Speaker 1>we could see the cap gains exception and the end

64
00:03:17.439 --> 00:03:22.159
<v Speaker 1>of double taxation on mining rewards in this respective amendment.

65
00:03:22.639 --> 00:03:25.879
<v Speaker 1>There's also some language around staking. So this would be

66
00:03:25.960 --> 00:03:27.919
<v Speaker 1>a very good thing for the industry. Let's see if

67
00:03:27.960 --> 00:03:30.599
<v Speaker 1>it's able to make it through. Obviously, there's a whole

68
00:03:30.639 --> 00:03:33.680
<v Speaker 1>other aspect to this bill as it relates to politics

69
00:03:33.680 --> 00:03:36.240
<v Speaker 1>and Democrats and Republicans and funding the government and all

70
00:03:36.240 --> 00:03:38.800
<v Speaker 1>that stuff. Right, you guys know about all that stuff,

71
00:03:38.840 --> 00:03:40.800
<v Speaker 1>but we're not here to talk about that because that's

72
00:03:40.840 --> 00:03:43.719
<v Speaker 1>all politics. But you know, as a release to crypto,

73
00:03:44.080 --> 00:03:46.400
<v Speaker 1>let's see this language makes it through, because this could

74
00:03:46.400 --> 00:03:50.879
<v Speaker 1>be really big now, folks, Robinhood is going all in

75
00:03:51.120 --> 00:03:54.319
<v Speaker 1>on crypto. Today. They had a big event where they

76
00:03:54.360 --> 00:03:57.879
<v Speaker 1>announced new features, new products and things that they are building.

77
00:03:58.120 --> 00:04:01.520
<v Speaker 1>So here's the headline. Robinhood pushed deeper into crypto with

78
00:04:01.599 --> 00:04:06.879
<v Speaker 1>their own blockchain tokenized stock launch. This is a huge guys.

79
00:04:06.960 --> 00:04:10.639
<v Speaker 1>Robinhood is a massive player. Obviously a lot of retail

80
00:04:10.680 --> 00:04:14.400
<v Speaker 1>investors use Robinhood. Going back to investing, in stocks. Now,

81
00:04:14.479 --> 00:04:17.120
<v Speaker 1>robinhood is going all in on crypto, looking to offer

82
00:04:17.240 --> 00:04:21.319
<v Speaker 1>different crypto products and financial services, and they are looking

83
00:04:21.360 --> 00:04:23.959
<v Speaker 1>to do a lot of tokenization as well because they

84
00:04:24.040 --> 00:04:26.839
<v Speaker 1>see the direction to Puck is heading in. They see

85
00:04:26.839 --> 00:04:29.519
<v Speaker 1>disruptions at their doorsteps, so they are trying to get

86
00:04:29.560 --> 00:04:32.480
<v Speaker 1>ahead and let me give it to details. So robinhood

87
00:04:32.519 --> 00:04:36.160
<v Speaker 1>is expanding its crypto offerings by developing its own blockchain

88
00:04:36.240 --> 00:04:40.399
<v Speaker 1>network based on Arbitrum and launching tokenized stock trading for

89
00:04:40.560 --> 00:04:44.639
<v Speaker 1>European users. A couple things here. One, they are building

90
00:04:44.680 --> 00:04:48.560
<v Speaker 1>on Arbitrum, which is an etheroreum layer to blockchains, so

91
00:04:49.279 --> 00:04:52.879
<v Speaker 1>we're seeing the adoption of public blockchains here. Once again,

92
00:04:52.879 --> 00:04:56.399
<v Speaker 1>they're not doing some sort of private network thing here.

93
00:04:57.120 --> 00:05:00.600
<v Speaker 1>Many of these guys are building on public blockchain. And look,

94
00:05:00.600 --> 00:05:04.199
<v Speaker 1>they may use zk zero knowledge proof and things like

95
00:05:04.240 --> 00:05:07.360
<v Speaker 1>that to make sure certain data is private, but the

96
00:05:07.480 --> 00:05:11.399
<v Speaker 1>point is they're building on a public blockchain infrastructure and

97
00:05:11.480 --> 00:05:15.319
<v Speaker 1>of course tokenizing stocks, so all the traditional assets such

98
00:05:15.319 --> 00:05:18.519
<v Speaker 1>as stocks, equities and others will be tokenized on blockchain.

99
00:05:18.639 --> 00:05:21.519
<v Speaker 1>So the company aims to create an all in one

100
00:05:21.639 --> 00:05:25.879
<v Speaker 1>investment app with twenty four to seven trading self custody

101
00:05:25.920 --> 00:05:30.680
<v Speaker 1>and cross chain bridging of tokenized assets underpinned by blockchain rails.

102
00:05:31.160 --> 00:05:34.639
<v Speaker 1>As part of the crypto push, Robinhood is introducing perpetual

103
00:05:34.720 --> 00:05:39.040
<v Speaker 1>swamps to European users and crypto stinking to US investors

104
00:05:39.360 --> 00:05:42.079
<v Speaker 1>talk about going all in. This is a lot, folks,

105
00:05:42.079 --> 00:05:45.959
<v Speaker 1>and they did a big event, and they're CEO of

106
00:05:46.040 --> 00:05:49.879
<v Speaker 1>lad Tenev of course, spoke about it, and it's incredible.

107
00:05:50.199 --> 00:05:52.439
<v Speaker 1>One of the largest players in the market in the

108
00:05:52.560 --> 00:05:57.160
<v Speaker 1>trad fire world going neck deep into crypto. Incredible stuff.

109
00:05:57.240 --> 00:05:59.279
<v Speaker 1>And then notice what they said here twenty four to

110
00:05:59.279 --> 00:06:01.680
<v Speaker 1>seven trading. What have I been saying for years and

111
00:06:01.759 --> 00:06:03.839
<v Speaker 1>years and years right beating the drum to you guys,

112
00:06:04.079 --> 00:06:07.000
<v Speaker 1>we are headed to the first truly global market twenty

113
00:06:07.079 --> 00:06:11.160
<v Speaker 1>four seven trading, no opening or closing bell, no holidays,

114
00:06:11.160 --> 00:06:14.600
<v Speaker 1>no closed on weekends, and all your traditional assets running

115
00:06:14.600 --> 00:06:17.240
<v Speaker 1>on blockchain. Now you may say, Tony, how can I,

116
00:06:17.680 --> 00:06:21.199
<v Speaker 1>you know, essentially capitalize on this. Well, for one, look

117
00:06:21.240 --> 00:06:23.560
<v Speaker 1>at the blockchain they're building on arbitrump, which is an

118
00:06:23.560 --> 00:06:26.399
<v Speaker 1>etherrem layer too, so you can hold the arbitram token.

119
00:06:26.480 --> 00:06:29.240
<v Speaker 1>I personally don't. You can holy theorem, which you know,

120
00:06:29.279 --> 00:06:32.279
<v Speaker 1>the layer twos obviously send value to the layer one,

121
00:06:32.319 --> 00:06:34.240
<v Speaker 1>which is etherrem so you can holy theorem. I do

122
00:06:34.319 --> 00:06:37.319
<v Speaker 1>holy theorem. You can hold Robin Hood stock. Of course,

123
00:06:37.519 --> 00:06:40.040
<v Speaker 1>they are looking to tokenize their own stock as well,

124
00:06:40.839 --> 00:06:42.920
<v Speaker 1>and then you know the other things that they're doing

125
00:06:43.000 --> 00:06:45.519
<v Speaker 1>is going to allow more capital to come into the market.

126
00:06:45.600 --> 00:06:49.519
<v Speaker 1>So they're launching perpetual swaps, crypto staking and all these things.

127
00:06:49.519 --> 00:06:52.879
<v Speaker 1>So that's you know, pretty much how you can essentially

128
00:06:53.040 --> 00:06:55.720
<v Speaker 1>get capitalized on this. And you know, once they're tokenized

129
00:06:56.279 --> 00:07:00.000
<v Speaker 1>stocks are launched, you can see what DeFi services they

130
00:07:00.120 --> 00:07:02.720
<v Speaker 1>add to that where you can then maybe hold those

131
00:07:02.759 --> 00:07:04.839
<v Speaker 1>stocks and then lend them out and do all kinds

132
00:07:04.839 --> 00:07:08.680
<v Speaker 1>of cool things that you can do holding the traditional stock. Right,

133
00:07:09.079 --> 00:07:11.680
<v Speaker 1>So these are the ways to think about it and

134
00:07:11.720 --> 00:07:14.879
<v Speaker 1>look at how you can capitalize. This is so bullish,

135
00:07:15.120 --> 00:07:18.480
<v Speaker 1>so massive, and as always, game theory will play out

136
00:07:18.480 --> 00:07:21.199
<v Speaker 1>here and you will see their competitors jump in. And

137
00:07:21.279 --> 00:07:24.040
<v Speaker 1>we're still waiting for big names like Charles Schwab and

138
00:07:24.639 --> 00:07:26.800
<v Speaker 1>E Trade and all these guys that go all in.

139
00:07:27.240 --> 00:07:29.879
<v Speaker 1>We heard rumors, but you know they're coming, all the

140
00:07:29.879 --> 00:07:33.279
<v Speaker 1>big bangs. I think many are waiting on crypto legislation,

141
00:07:33.839 --> 00:07:35.600
<v Speaker 1>like the stable coin bill, and of course the Market

142
00:07:35.639 --> 00:07:39.879
<v Speaker 1>Structure bill. So things are moving in the right direction here. Now,

143
00:07:39.959 --> 00:07:43.199
<v Speaker 1>the folks at Arbitrump did tweet out about this robin

144
00:07:43.240 --> 00:07:46.959
<v Speaker 1>Hood partnership and that Robinhood's going to be building on Arbitrump,

145
00:07:47.000 --> 00:07:49.800
<v Speaker 1>and they said, here Arbitrump will serve as robin Hood's

146
00:07:49.879 --> 00:07:53.720
<v Speaker 1>rails to merge, DeFi and tradify in what is a

147
00:07:53.879 --> 00:07:57.279
<v Speaker 1>zero to one moment for the entire industry, all while

148
00:07:57.399 --> 00:08:02.600
<v Speaker 1>onboarding millions of net new users into crypto. Big statements there, folks,

149
00:08:02.920 --> 00:08:05.480
<v Speaker 1>All right, let's move ahead. This one is big two

150
00:08:05.639 --> 00:08:09.439
<v Speaker 1>stable cooin issuer Circle, which just went public, applies for

151
00:08:09.519 --> 00:08:13.600
<v Speaker 1>a national bank charter. So you're seeing a lot of

152
00:08:13.600 --> 00:08:17.160
<v Speaker 1>these crypto companies are going after the bank charters. You're

153
00:08:17.160 --> 00:08:21.399
<v Speaker 1>going to see kind of a democratization in banking. No

154
00:08:21.480 --> 00:08:24.879
<v Speaker 1>longer would JP Morgan and these big banks be the

155
00:08:24.879 --> 00:08:28.519
<v Speaker 1>only ones running banking services. Now, don't get me wrong,

156
00:08:28.519 --> 00:08:30.120
<v Speaker 1>I'm not saying they're going to die and go away

157
00:08:30.240 --> 00:08:33.639
<v Speaker 1>right away. Clearly they've been fighting. You know, we've talked

158
00:08:33.720 --> 00:08:36.159
<v Speaker 1>ad nauseum about it over the past four years that

159
00:08:36.360 --> 00:08:39.759
<v Speaker 1>Jamie Diamond and the banking industry was lobbying Elizabeth Warren

160
00:08:39.799 --> 00:08:42.360
<v Speaker 1>to attack crypto. And that's why you saw against her

161
00:08:42.480 --> 00:08:45.399
<v Speaker 1>even breaking the law just to attack crypto. Right. You

162
00:08:45.480 --> 00:08:49.039
<v Speaker 1>saw this old grandma. That is Elizabeth Warren going crazy

163
00:08:49.080 --> 00:08:52.159
<v Speaker 1>about crypto when the country is facing other problems, right

164
00:08:52.600 --> 00:08:55.360
<v Speaker 1>that because she's getting paid, she's getting lobby to do that.

165
00:08:56.279 --> 00:08:58.320
<v Speaker 1>And that's what the big fight was about. And that's

166
00:08:58.320 --> 00:09:00.200
<v Speaker 1>why you see Wall Street. Now all of them are

167
00:09:00.200 --> 00:09:02.799
<v Speaker 1>making your announcements. JP Morgan, Bank of America, We're all

168
00:09:02.799 --> 00:09:05.399
<v Speaker 1>going to get involved, launch crypto trading, we're going to

169
00:09:05.440 --> 00:09:08.480
<v Speaker 1>support ETFs, we're going to provide banking services. We're going

170
00:09:08.519 --> 00:09:11.679
<v Speaker 1>to launch our own stable coin. Right, So it's incredible

171
00:09:11.679 --> 00:09:15.240
<v Speaker 1>what's happening. So here are the key points. Circle Internet

172
00:09:15.279 --> 00:09:18.840
<v Speaker 1>Group submitted a bank charter application to the Office of

173
00:09:18.879 --> 00:09:22.039
<v Speaker 1>the Controller of the Currency. That's the occ Circle is

174
00:09:22.039 --> 00:09:25.120
<v Speaker 1>the issue of the USDC stable coin. The firm hopes

175
00:09:25.159 --> 00:09:28.679
<v Speaker 1>to establish a national trust bank, which will be named

176
00:09:28.919 --> 00:09:33.559
<v Speaker 1>first National Digital Currency Bank NA. Anchorage Digital is the

177
00:09:33.600 --> 00:09:36.679
<v Speaker 1>only other crypto company to obtain such a license, So

178
00:09:36.720 --> 00:09:40.120
<v Speaker 1>Anchorage Digital is of course a crypto custodian. I've had

179
00:09:40.159 --> 00:09:43.759
<v Speaker 1>the CEO and some representatives on the podcast over the years.

180
00:09:44.320 --> 00:09:47.480
<v Speaker 1>The CEO's Nathan McCauley. I think I interviewed him last

181
00:09:47.559 --> 00:09:50.360
<v Speaker 1>year most recently. I try to get him back on soon.

182
00:09:50.440 --> 00:09:53.200
<v Speaker 1>But this is going to be a big factor in

183
00:09:53.279 --> 00:09:57.080
<v Speaker 1>how these crypto companies grow, and they're able to do

184
00:09:57.159 --> 00:10:00.000
<v Speaker 1>certain banking services because you got stable coins for payments,

185
00:10:00.320 --> 00:10:02.879
<v Speaker 1>you get the custody aspect, so they're going to be

186
00:10:02.879 --> 00:10:05.200
<v Speaker 1>able to do a lot more borrowing, lending and all

187
00:10:05.200 --> 00:10:09.799
<v Speaker 1>that jazz. So incredible stuff, folks. Crypto's just become ubiquitous.

188
00:10:09.799 --> 00:10:12.840
<v Speaker 1>So you're just seeing it everywhere. Everybody's trying to get involved,

189
00:10:13.120 --> 00:10:17.639
<v Speaker 1>get their licenses, get their charters, and launching their services.

190
00:10:17.679 --> 00:10:21.279
<v Speaker 1>It's a big race right now, and you know everybody

191
00:10:21.279 --> 00:10:23.399
<v Speaker 1>wants to get as much market share as possible, right

192
00:10:23.960 --> 00:10:27.960
<v Speaker 1>It's great to see this competition is healthy, and folks,

193
00:10:28.200 --> 00:10:30.879
<v Speaker 1>we are the early adopters. We've been buying the blood

194
00:10:30.879 --> 00:10:33.600
<v Speaker 1>on the streets, buying the fear and ready to sell

195
00:10:33.600 --> 00:10:36.360
<v Speaker 1>the blow off top right, folks. Quick word from our

196
00:10:36.360 --> 00:10:39.919
<v Speaker 1>sponsor and that it's Treasure. Treasure makes beautiful crypto hardware

197
00:10:39.960 --> 00:10:42.879
<v Speaker 1>wallets that allow you to safely store your crypto. They

198
00:10:42.919 --> 00:10:46.039
<v Speaker 1>were the pioneers of the hardware wallet. They started doing

199
00:10:46.039 --> 00:10:49.480
<v Speaker 1>this in twenty thirteen. Their crypto hardware wallets are open

200
00:10:49.559 --> 00:10:52.879
<v Speaker 1>source and they support a variety of coins, folks, I'm

201
00:10:52.919 --> 00:10:57.440
<v Speaker 1>talking bigcoins, Salona, xrpe, Theorem, all your top coins. They

202
00:10:57.480 --> 00:11:01.159
<v Speaker 1>also have a great software called Treasu Suite which allows

203
00:11:01.159 --> 00:11:03.960
<v Speaker 1>you to easily manage your coins, and they have a

204
00:11:04.240 --> 00:11:06.919
<v Speaker 1>onboarding service where you can talk to a Treasure rep

205
00:11:06.919 --> 00:11:09.519
<v Speaker 1>to help set up your device. So there's a handholding

206
00:11:09.639 --> 00:11:12.039
<v Speaker 1>service there. And I'm a user of the device, I

207
00:11:12.080 --> 00:11:14.879
<v Speaker 1>personally use the Treasure say five and once again, the

208
00:11:14.919 --> 00:11:17.720
<v Speaker 1>wallets are really nice and easy to use, and folks,

209
00:11:17.720 --> 00:11:19.919
<v Speaker 1>you can get five percent off if you buy a

210
00:11:19.960 --> 00:11:23.879
<v Speaker 1>device using the code thinking crypto all one word thinking Crypto.

211
00:11:24.279 --> 00:11:27.000
<v Speaker 1>So check it out. Go to Treasure, the links will

212
00:11:27.039 --> 00:11:30.039
<v Speaker 1>be in the description and check out their hardware wallets. Now, folks,

213
00:11:30.080 --> 00:11:33.639
<v Speaker 1>this is surprising. The SEC clears way for the first

214
00:11:33.720 --> 00:11:38.080
<v Speaker 1>Solana steaking ETF. Rex and Osprey prep to launch their

215
00:11:38.120 --> 00:11:41.960
<v Speaker 1>Salona steaking ETF. This is interesting because the SEC has

216
00:11:42.000 --> 00:11:45.360
<v Speaker 1>not approved any theorem staking ETF yet, but the way

217
00:11:45.559 --> 00:11:48.440
<v Speaker 1>Rex and Ospray are going about it is different. So

218
00:11:48.679 --> 00:11:50.919
<v Speaker 1>let me give it a details. It's not what we

219
00:11:50.960 --> 00:11:53.279
<v Speaker 1>are seeing out there with the spot ETFs and so forth.

220
00:11:53.840 --> 00:11:57.799
<v Speaker 1>So on Friday, the SEC informed Rex Shares and Ospray

221
00:11:57.799 --> 00:12:00.480
<v Speaker 1>Funds that it had no further comments on their Solana

222
00:12:00.559 --> 00:12:05.879
<v Speaker 1>staking ETF filing. In ETF regulatory parlance, industry watchers often

223
00:12:05.960 --> 00:12:10.080
<v Speaker 1>view that phrase as the SEC's implicit green light. It's

224
00:12:10.120 --> 00:12:13.000
<v Speaker 1>the same wink and nod that preceded the launch of

225
00:12:13.120 --> 00:12:17.000
<v Speaker 1>Spot Bigcin ETFs, some black Rock Fidelity and others. Essentially,

226
00:12:17.039 --> 00:12:20.000
<v Speaker 1>the review is done fire when ready. According to a post,

227
00:12:20.039 --> 00:12:24.080
<v Speaker 1>the fund will be trading this Wednesday, July second. This

228
00:12:24.159 --> 00:12:29.039
<v Speaker 1>product is officially titled the Rex Ospray Solana and Steaking ETF.

229
00:12:29.399 --> 00:12:33.279
<v Speaker 1>Would be the first US ETF to offer investors exposure

230
00:12:33.360 --> 00:12:39.159
<v Speaker 1>to Solana's price movements alongside native steaking rewards. Unlike traditional

231
00:12:39.200 --> 00:12:43.399
<v Speaker 1>crypto trusts, this ETF is structured under the Investment Company

232
00:12:43.440 --> 00:12:47.840
<v Speaker 1>Act of nineteen forty using a c corporation format, which

233
00:12:47.879 --> 00:12:51.720
<v Speaker 1>allows staking income to flow through to investors without triggering

234
00:12:51.840 --> 00:12:56.360
<v Speaker 1>regulatory red flags around yield, taxation or custody. So they're

235
00:12:56.440 --> 00:13:00.840
<v Speaker 1>taking a different approach here. That structure a hurdle when

236
00:13:00.879 --> 00:13:05.759
<v Speaker 1>treated as an ordinary income. Staking rewards had proven incompatible

237
00:13:05.799 --> 00:13:10.000
<v Speaker 1>with trusted based fund models which couldn't easily distribute variable

238
00:13:10.039 --> 00:13:13.000
<v Speaker 1>staking yields. So they took a very different direction than

239
00:13:13.000 --> 00:13:16.080
<v Speaker 1>the other players out there. We'll see how this plays

240
00:13:16.080 --> 00:13:19.240
<v Speaker 1>out when you know the regular staking in e theorem

241
00:13:19.559 --> 00:13:22.759
<v Speaker 1>ETFs get approved like the spawn ETFs, and how this

242
00:13:22.840 --> 00:13:25.960
<v Speaker 1>all plays out. But it's nevertheless a smart move. You know,

243
00:13:26.000 --> 00:13:29.639
<v Speaker 1>they kind of found a workaround here. Bloomberg's James Seyfert

244
00:13:29.759 --> 00:13:32.840
<v Speaker 1>noted that at the time that the fund's unique SA

245
00:13:32.919 --> 00:13:36.559
<v Speaker 1>corp format could bypass the typical nineteen BASH four rule

246
00:13:36.919 --> 00:13:40.159
<v Speaker 1>change process. The sec silence on the C corp workaround

247
00:13:40.159 --> 00:13:44.799
<v Speaker 1>now appears to validate it has a compliance solution. Rex Shares,

248
00:13:45.159 --> 00:13:48.279
<v Speaker 1>stretching for its victory lap has already begun teasing or

249
00:13:48.320 --> 00:13:52.440
<v Speaker 1>publicly teasing the ETFs coming soon. Meanwhile, analysts like Eric

250
00:13:52.519 --> 00:13:55.000
<v Speaker 1>Balchun has weighed in saying they are good to launch.

251
00:13:55.200 --> 00:13:58.639
<v Speaker 1>It looks like wow, he posted, So this is interesting

252
00:13:58.679 --> 00:14:01.399
<v Speaker 1>and we could see some other company do something similar.

253
00:14:01.440 --> 00:14:05.440
<v Speaker 1>Don't be surprised if you know, like the Etheroreum folks

254
00:14:05.440 --> 00:14:07.919
<v Speaker 1>who have etherem mets try to go this way with

255
00:14:07.960 --> 00:14:12.440
<v Speaker 1>a C corporation set up. We'll see, but Nevertheless, this

256
00:14:12.519 --> 00:14:16.399
<v Speaker 1>is a very very interesting development here. Now, speaking of ETFs,

257
00:14:16.480 --> 00:14:20.320
<v Speaker 1>the SEC acknowledges the amendment to convert Gray Scales Digital

258
00:14:20.399 --> 00:14:25.159
<v Speaker 1>Large Cap fun into an ETF covering Bitcoin, eth XRP, Solana,

259
00:14:25.200 --> 00:14:28.200
<v Speaker 1>and ATA. Folks, I've often said that eventually, in the

260
00:14:28.240 --> 00:14:32.000
<v Speaker 1>long term, I believe these index ETFs, which gives you

261
00:14:32.080 --> 00:14:34.480
<v Speaker 1>exposure to let's say the top five or top ten,

262
00:14:34.799 --> 00:14:38.360
<v Speaker 1>will outperform the individual ETFs, like the bitcoin and so forth,

263
00:14:38.360 --> 00:14:40.320
<v Speaker 1>because I think people are going to want to get

264
00:14:40.360 --> 00:14:44.159
<v Speaker 1>more exposure beyond just bitcoin or ether. Right, It's kind

265
00:14:44.159 --> 00:14:47.960
<v Speaker 1>of what we see with the SMP five hundred, the NASDAC.

266
00:14:48.200 --> 00:14:51.240
<v Speaker 1>These indexes have grown over time and it becomes an

267
00:14:51.279 --> 00:14:54.440
<v Speaker 1>easy way for people to invest passively, not having to

268
00:14:54.480 --> 00:14:56.840
<v Speaker 1>think about which crypto should I add, which stock should

269
00:14:56.840 --> 00:14:59.759
<v Speaker 1>I add, and so forth. Right, So, this is really

270
00:14:59.759 --> 00:15:01.399
<v Speaker 1>great and I think we're going to see a lot

271
00:15:01.399 --> 00:15:04.799
<v Speaker 1>of these basket ETFs approved over time. Now, earlier we

272
00:15:04.840 --> 00:15:08.320
<v Speaker 1>talked about Robinhood, you know, launching their tokenized stocks and

273
00:15:08.320 --> 00:15:12.519
<v Speaker 1>so forth. Well, Kracking Exchange set here Breaking Wall Street

274
00:15:12.559 --> 00:15:16.080
<v Speaker 1>is officially on chain x. Stocks are now live on kracking.

275
00:15:16.519 --> 00:15:20.360
<v Speaker 1>Sixty US equities tokenized and tradeable twenty four to five,

276
00:15:20.399 --> 00:15:23.000
<v Speaker 1>so it looks like just over five days, twenty four hours,

277
00:15:23.000 --> 00:15:26.360
<v Speaker 1>over five days. More coming soon. The folks at stock

278
00:15:26.559 --> 00:15:29.960
<v Speaker 1>x highlighted that they've also partnered with chain Link, and

279
00:15:30.000 --> 00:15:31.600
<v Speaker 1>many of you know I'm bullish on chain Link. I

280
00:15:31.600 --> 00:15:34.600
<v Speaker 1>hope I hold the link token in my portfolio. They said,

281
00:15:34.600 --> 00:15:36.879
<v Speaker 1>we're excited to announce chain Link has joined the X

282
00:15:36.879 --> 00:15:41.559
<v Speaker 1>Stocks Alliance as the official oracle infrastructure powering the pricing

283
00:15:41.879 --> 00:15:45.720
<v Speaker 1>of all x stocks, tokenized equities and ETFs. Watch out

284
00:15:45.759 --> 00:15:50.000
<v Speaker 1>for chain Link, folks. Many other platforms and blockchains are

285
00:15:50.080 --> 00:15:53.799
<v Speaker 1>using chain Link for the pricing indexes and oracles and

286
00:15:53.919 --> 00:15:56.639
<v Speaker 1>much more. So That's why I'm bullish on chain Link,

287
00:15:56.679 --> 00:16:00.320
<v Speaker 1>and I'm hoping for over one hundred dollars chain Link

288
00:16:00.360 --> 00:16:03.519
<v Speaker 1>this cycle. But we'll see how that plays out, all right,

289
00:16:03.639 --> 00:16:07.240
<v Speaker 1>Final news item here, We're Liberty Financial has a mobile

290
00:16:07.279 --> 00:16:09.440
<v Speaker 1>app in the work. So many of you know we're

291
00:16:09.480 --> 00:16:13.399
<v Speaker 1>Liberty Financial backed by Trump and his kids, you know,

292
00:16:13.720 --> 00:16:15.840
<v Speaker 1>involved in that. So it looks like they're going to

293
00:16:15.919 --> 00:16:20.000
<v Speaker 1>launch some sort of app here. So co founder Zach Folkman,

294
00:16:20.480 --> 00:16:23.399
<v Speaker 1>he said the following. Regarding the mobile app, he said,

295
00:16:23.480 --> 00:16:25.759
<v Speaker 1>it's something that we've been working on for a very

296
00:16:25.799 --> 00:16:28.600
<v Speaker 1>long time now with some of the best partners and

297
00:16:28.639 --> 00:16:32.120
<v Speaker 1>builders in the space, both on our team and companies

298
00:16:32.159 --> 00:16:34.559
<v Speaker 1>that we've partner with. And this is the kind of

299
00:16:34.600 --> 00:16:37.440
<v Speaker 1>culmination of what I was talking about in terms of

300
00:16:37.480 --> 00:16:41.120
<v Speaker 1>creating a Web two style fintech application that allows a

301
00:16:41.279 --> 00:16:44.799
<v Speaker 1>non native crypto user to be able to very easily deposit,

302
00:16:45.120 --> 00:16:47.639
<v Speaker 1>get the benefit of earning through DeFi applications, and be

303
00:16:47.720 --> 00:16:50.799
<v Speaker 1>able to send and receive crypto between friends and family

304
00:16:50.919 --> 00:16:53.799
<v Speaker 1>very easily. So this is interesting. Let's see how this

305
00:16:53.840 --> 00:16:56.559
<v Speaker 1>plays out. I'm not a user of World Liberty Financial.

306
00:16:56.639 --> 00:16:59.519
<v Speaker 1>I don't hold a token, you know. I'm not hating

307
00:16:59.519 --> 00:17:01.879
<v Speaker 1>on it, just I just don't. I don't see a

308
00:17:01.919 --> 00:17:04.200
<v Speaker 1>need to use it. Some of you may have taken

309
00:17:04.240 --> 00:17:07.559
<v Speaker 1>a bed on it and hold it. But my initial,

310
00:17:07.960 --> 00:17:09.799
<v Speaker 1>you know, thought was I need to see how this

311
00:17:09.839 --> 00:17:12.279
<v Speaker 1>plays out because I don't know who to the developers.

312
00:17:12.640 --> 00:17:16.240
<v Speaker 1>Have they gone through the proper testing, you know, to

313
00:17:16.319 --> 00:17:20.880
<v Speaker 1>avoid hacks and collapses. We've seen exploits in D five,

314
00:17:21.039 --> 00:17:23.319
<v Speaker 1>you know, for folks who have not done things well

315
00:17:23.359 --> 00:17:26.119
<v Speaker 1>and their security is not up to par. Again, it

316
00:17:26.160 --> 00:17:28.279
<v Speaker 1>depends who's on the team and so forth, and that's

317
00:17:28.279 --> 00:17:29.880
<v Speaker 1>all me. I need to do a bit more research,

318
00:17:30.000 --> 00:17:32.640
<v Speaker 1>but I always like to, you know, let these things

319
00:17:32.680 --> 00:17:36.119
<v Speaker 1>play out, to see, you know, what's happening here, who's involved.

320
00:17:36.920 --> 00:17:39.599
<v Speaker 1>I've often stated version one point zero of anything is

321
00:17:39.640 --> 00:17:41.799
<v Speaker 1>not perfect. There's usually a lot of bugs. So I

322
00:17:41.799 --> 00:17:44.519
<v Speaker 1>don't want to be part of the phase where the

323
00:17:44.559 --> 00:17:47.359
<v Speaker 1>bugs and I lose my money. Right, So you got

324
00:17:47.359 --> 00:17:48.960
<v Speaker 1>to be careful. You got to be smart. You got

325
00:17:49.000 --> 00:17:50.920
<v Speaker 1>to do your research to just keep that in mind

326
00:17:50.920 --> 00:17:53.599
<v Speaker 1>when you see new projects, you know, something to think about. Now,

327
00:17:53.640 --> 00:17:56.519
<v Speaker 1>if you're holding the token, it is a little less risk.

328
00:17:56.599 --> 00:17:58.680
<v Speaker 1>There's always a risk when you're investing, of course, but

329
00:17:58.720 --> 00:18:00.799
<v Speaker 1>there's less risk, you know. But if you're putting into

330
00:18:00.920 --> 00:18:04.680
<v Speaker 1>some sort of DeFi a smart contract and doing some

331
00:18:04.720 --> 00:18:07.319
<v Speaker 1>sort of boring lending, you got to know what you're doing. Man.

332
00:18:07.359 --> 00:18:10.920
<v Speaker 1>We've seen some massive exploits because we're still in early days.

333
00:18:10.960 --> 00:18:13.359
<v Speaker 1>And that's not to say DeFi is going away. It's

334
00:18:13.799 --> 00:18:17.319
<v Speaker 1>gonna stay. It just needs to be further iteration and building.

335
00:18:17.759 --> 00:18:20.920
<v Speaker 1>But you always got to be smart, do your research,

336
00:18:21.079 --> 00:18:23.440
<v Speaker 1>test things out, you know, maybe don't put a ton

337
00:18:23.440 --> 00:18:25.160
<v Speaker 1>of money, put a little bit of money, see how

338
00:18:25.160 --> 00:18:29.119
<v Speaker 1>it works, and learn your way around and make sure

339
00:18:29.119 --> 00:18:32.000
<v Speaker 1>that everything's good before you put a lot of money,

340
00:18:32.039 --> 00:18:34.079
<v Speaker 1>if you know what I mean. All right, folks, let

341
00:18:34.160 --> 00:18:36.559
<v Speaker 1>me know what you think about this news, especially the

342
00:18:36.640 --> 00:18:39.920
<v Speaker 1>Robinhood news. It's just huge and even circle you know,

343
00:18:39.920 --> 00:18:43.440
<v Speaker 1>going after a bank charter. Leave your comments below and folks,

344
00:18:43.440 --> 00:18:45.359
<v Speaker 1>a great way you can support me in the podcast

345
00:18:45.400 --> 00:18:47.960
<v Speaker 1>is by subscribing to my free email newsletter. It's one

346
00:18:48.039 --> 00:18:51.160
<v Speaker 1>hundred percent free. Link will being a description. Check out

347
00:18:51.160 --> 00:18:53.759
<v Speaker 1>my book on Amazon it's available in paperback in digital,

348
00:18:54.079 --> 00:18:57.400
<v Speaker 1>and my new course at Mycrypto course dot com. If

349
00:18:57.440 --> 00:19:00.200
<v Speaker 1>you want to expand your knowledge around crypto, this is

350
00:19:00.200 --> 00:19:03.119
<v Speaker 1>the course from you. You will hear from founders, CEOs

351
00:19:03.279 --> 00:19:07.160
<v Speaker 1>and institutional investors. This course is packed with tons of

352
00:19:07.240 --> 00:19:11.559
<v Speaker 1>value videos, text writeups, downloadable materials and much more. Check

353
00:19:11.640 --> 00:19:14.640
<v Speaker 1>it out link will beating description. Thank you so much

354
00:19:14.680 --> 00:19:17.519
<v Speaker 1>for watching and listening, folks. I appreciate you all and

355
00:19:17.640 --> 00:19:19.200
<v Speaker 1>I'll talk to you all later