Speaker 1: Hey, everyone, welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: we got to kick it off with some very bullish news.
Speaker 1: So the New York Times, massive mainstream media publication, right,
Speaker 1: they put out an article today titled crypto is pointless.
Speaker 1: Not even the White House can fix that. Folks. If
Speaker 1: you know market psychology and the cyclicality of markets, and
Speaker 1: when people turn bearish, and when mainstream media is putting
Speaker 1: out the worst of the worst things about crypto, you
Speaker 1: know how bullish that is. These are things that appear
Speaker 1: at the bottom of bear markets, right when they're writing
Speaker 1: off Bitcoin saying it's dead, crypto' is useless and all that.
Speaker 1: This is where you turn bullish, right, you want to
Speaker 1: be a contrarian to the herd to the mainstream. And
Speaker 1: look at where this is being published. So don't be
Speaker 1: surprised if you see more of this, right, and we
Speaker 1: saw it in twenty twenty two Right Time Magazine with
Speaker 1: the asteroids crashing to the earth. Crypto has crashed, and
Speaker 1: all types of things even in twenty eighteen. Right. This
Speaker 1: is part of this cyclical pattern of market. So once
Speaker 1: you see it, you can't unsee it, because then you
Speaker 1: become a contrarian to the herd and to the masses.
Speaker 1: You're not part of the group that just listens to
Speaker 1: Jim Kramer, right, You're doing the opposite. So this is
Speaker 1: very bullish, and we know we are at a cusp
Speaker 1: of a major relief rally. Now that doesn't mean Bitcoin
Speaker 1: can dip into the fifty thousands before we rally, So
Speaker 1: we're just going to have to wait and see how
Speaker 1: the market plays out. Or it could be that bitcoin
Speaker 1: has already found its local bottom here and then it
Speaker 1: pumps with a major relief rally to eighty to eighty
Speaker 1: five k or possibly higher, and then maybe it rolls
Speaker 1: over to lower lows. Those are the scenarios. No one
Speaker 1: has a crystal ball, so we can't know definitively say
Speaker 1: this is the exact thing that's going to happen. But
Speaker 1: we want to look at the different scenarios and then
Speaker 1: wait to see what the market shows us. Now, some
Speaker 1: data that's backing up the potential for a relief rally
Speaker 1: coming is that bitcoin's one hundred BTC club edges toward
Speaker 1: twenty thousand wallets in a bullish sign. So data from
Speaker 1: Saniment shows that bitcoin is on the verge of surpassing
Speaker 1: twenty thousand wallets with at least one hundred bitcoin, an
Speaker 1: indicator that could signal healthy market dynamics, according to cryptoanalytics
Speaker 1: platform Sentiment. Now this morning I publish my interview with
Speaker 1: Brian from Santiment, so make sure you guys check that out.
Speaker 1: But as of Thursday, there were nineteen nine hundred and
Speaker 1: ninety three unique wallets holding one hundred bitcoin or more,
Speaker 1: worth roughly six point seven million dollars per wallet. At
Speaker 1: the time of publication. Saniment anticipates that the milestone could
Speaker 1: be reached by Friday, so that's tomorrow. Here's a quote.
Speaker 1: If the number of one one hundred plus BTC wallets
Speaker 1: is growing, that suggests distribution across more large holders rather
Speaker 1: than a small group controlling everything. It is an important
Speaker 1: signal for bitcoiners as it reduces the perceived risk that
Speaker 1: a small number of whales can significantly swing prices. So
Speaker 1: the whales have been accumulating. We're also seeing the retail
Speaker 1: wallets start to fall a bit, so that's a very
Speaker 1: good sign. That's the setup that has preceded major rallies,
Speaker 1: So whales start accumulating as retail capitulates. It's the same
Speaker 1: story over and over once again. You see it, guys,
Speaker 1: you can unsee it. So this is where we want
Speaker 1: to follow the data and the charts and more. Now
Speaker 1: here's some very big news from meta Mask and MasterCard.
Speaker 1: So METAMSK and MasterCard partner to launch the US meta
Speaker 1: Mask Card with first time availability in New York. Meta
Speaker 1: Mask Card introduces a premium metal tier, MusD cash back
Speaker 1: and seamless spending. At one hundred and fifty million plus
Speaker 1: MasterCard merchants worldwide. This is a huge partnership. We know Consensus,
Speaker 1: which works on etherorem has. They are the developers of metamass,
Speaker 1: which is one of the top crypto wallets out there.
Speaker 1: So look who they're partnering with MasterCard right in one
Speaker 1: of the major credit card companies. So pretty incredible. And
Speaker 1: MasterCard is doing a lot with crypto. Many of you
Speaker 1: may recall my interview with Mastercard's head of digital Assets
Speaker 1: from last year, and I'm trying to get him back
Speaker 1: on the podcast to talk about these things. But pretty incredible, right,
Speaker 1: the infrastructure being set up for people to come on chain,
Speaker 1: into Web three and to adopt crypto and utilize crypto.
Speaker 1: So this is very, very bullish. Now here's some more
Speaker 1: bullish news. Indiana passes HB ten forty two, requiring state
Speaker 1: retirement plans to offer crypto investment options by July twenty
Speaker 1: twenty seven, pending governor's signature. The bill protects bitcoin investor rights,
Speaker 1: bans discriminatory crypto taxes, and restricts agencies from prohibiting payments
Speaker 1: self custody or mining. So we're seeing a lot of
Speaker 1: states across the US are embracing crypto. They're launching their
Speaker 1: own bitcoin reserves. Usually they're buying like the bitcoin ETFs
Speaker 1: from black Rock and other trusted institutions. But the ball
Speaker 1: is rolling here, guys, game theories playing out. No one
Speaker 1: wants to get left behind. We're seeing Arizona and many
Speaker 1: others and a handful of states have already got their
Speaker 1: bills passed and they're already buying bitcoin, and three of
Speaker 1: the ETFs and things along those lines. So very very
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Speaker 1: the battle continues between the banks and the crypto industry
Speaker 1: over stable coin yield. I've shared my thoughts at nauseum
Speaker 1: with you all. I believe that we as individuals have
Speaker 1: the right to go to any platform we want, whether
Speaker 1: that be coinbaseed Upholder, others, to earn yield on our
Speaker 1: stable coins. Because many of the banks are giving you
Speaker 1: next to nothing breadcrumbs in your savings accounts zero points
Speaker 1: zero one percent. Right, they pocket the majority of the
Speaker 1: interest they're earning on your capital and they give you
Speaker 1: next to nothing. Well, that is a big thing that's
Speaker 1: holding up the Claritiac because the banks are saying, hey, no, no, no,
Speaker 1: we need to relitigate the Genius Act. We need to
Speaker 1: make sure that this provision is in the Clarityact. That
Speaker 1: doesn't allow you know, these platforms to be doing this
Speaker 1: because we're worried about bank runs. Like, yeah, get out
Speaker 1: of here, right. The bank should compete, They should launch
Speaker 1: your own stable coins, or simply increase the interests they
Speaker 1: offer to consumers. But we know they want to keep
Speaker 1: those big bonus checks, right, how we don't want to
Speaker 1: give you. They don't want to give you any money, guys.
Speaker 1: So first, you've got an article here saying that US
Speaker 1: lawmakers revisit stable coin yields amid deposit flight concerns. So
Speaker 1: some senators warned that stable coin yields could blur the
Speaker 1: line between crypto products and traditional bank deposits. Senator Tom
Speaker 1: Tillis said he will seek an independent assessment from regulators
Speaker 1: on deposit flight risk. However, the occ right away just
Speaker 1: introduce some rules that would governance they coins, including apparent
Speaker 1: limits on rewards that may affect platforms like coinbase. So
Speaker 1: this is not good. You know, the banks seem to
Speaker 1: be winning here in this battle that we're seeing. I
Speaker 1: do believe they have to come to some compromise. And
Speaker 1: it's not a done deal yet, right, because there's probably
Speaker 1: going to be more meetings between the crypto industry and
Speaker 1: the banks. But let me give it the details about
Speaker 1: what the OCC is doing. So, the crypto industry is
Speaker 1: digging through a lengthy stable coin proposal from the USOCC,
Speaker 1: but the first impression suggests it could hamper crypto platforms,
Speaker 1: stable coin rewards programs. The banking regulator pitch the rulemaking
Speaker 1: to implement the Genius Act, but crypto insiders are saying
Speaker 1: they'll have to fight what the agency came up with.
Speaker 1: This emerging regulatory dispute further complicates negotiations over these Senate
Speaker 1: long awaited Clarity Act that's meant to regulate the overall
Speaker 1: US crypto markets. So again, this is kind of a
Speaker 1: win for the banks, but it's not a done deal, right.
Speaker 1: We haven't got to the compromise yet. But if the
Speaker 1: OCC is doing this, man, it's good. I don't know.
Speaker 1: I don't know how we come out. It could be
Speaker 1: that there's some sort of pause on stable coin rewards
Speaker 1: or limit or whatever. It is, but we're gonna have
Speaker 1: to wait and see. But nevertheless, Jamie Diamond and the
Speaker 1: banksters are winning here, so we're gonna have to keep fighting.
Speaker 1: Let's see what the crypto industry comes up with. I'm
Speaker 1: sure there's a lot of folks, especially like the Blockchain Association,
Speaker 1: the Digital Chamber and others, are gonna start fighting big time.
Speaker 1: But I'll update you guys as things progress. Okay, moving ahead,
Speaker 1: Flare and Zaman unlock one click DeFi access for over
Speaker 1: two billion XRP sitting idle in wallets. So many of
Speaker 1: you know, I'm a Flare token holder. Flares of course
Speaker 1: enabling DeFi for XRP, Bitcoin, doche coin, and other assets.
Speaker 1: So a new integration between the Flare blockchain and the
Speaker 1: Zamon wallet aims to unlock more than two billion XRP
Speaker 1: tokens for defile use by reducing complex cross chain steps
Speaker 1: to a single transaction on the XRP ledger. The system
Speaker 1: uses f assets to create a wrapped version of XRP
Speaker 1: on Flair smart accounts to abstract away separate wallets and
Speaker 1: gas tokens and zimon as the front end, so users
Speaker 1: can access DeFi vaults without leaving their existing wallet. Vault
Speaker 1: strategies managed by Upshift and curator Clearstar seek to channel
Speaker 1: growing speculative interests in XRP evidence by rising f XRP supply,
Speaker 1: staking activity and recent price and ETF inflow gains into
Speaker 1: lending collateral and structured product yields. So this is very
Speaker 1: big for the XRP token. I have not personally done
Speaker 1: any of this yet. I do plan to explore. Now
Speaker 1: I'll let you guys know if I do put some
Speaker 1: of my XRP to work here, in DeFi to earn
Speaker 1: rewards and yield and so on and so forth. But
Speaker 1: it's great to see progress being made here to make
Speaker 1: that process easier. So again I will let you guys
Speaker 1: know what steps I take here. Okay, Grant cardone, which
Speaker 1: I'm sure many of you may know, he's very big
Speaker 1: in the real estate industry, and he's actually very bullish
Speaker 1: on bitcoin. His company has been buying bitcoin and putting
Speaker 1: on their balance sheet. Well, he plans to tokenize his
Speaker 1: firm's five billion dollar real estate portfolio. So, whether you
Speaker 1: like the guy or not, this is huge adoption and
Speaker 1: a sign of things to come. You know, we've talked
Speaker 1: a lot about all the different asset classes that are
Speaker 1: going on the blockchain. In real estate is the world's
Speaker 1: largest acid class. It will be tokenized, guys. So Grant
Speaker 1: Cardone said his firm is preparing to tokenize it's five
Speaker 1: billion dollar real estate portfolio. The move follows cardone Capitals,
Speaker 1: bitcoin purchase and wider push into digital assets. So this
Speaker 1: is very big, you know. And we often talk about
Speaker 1: game three. You just need one player or a couple
Speaker 1: and then the others follow suit, right, So this is
Speaker 1: a very positive sign. And speaking of tokenization, Bloomberg extends
Speaker 1: financial data to twenty five billion dollar tokenized markets via Caiico.
Speaker 1: So the details here is that Bloomberg is collaborating with Caiico,
Speaker 1: a powers based digital asset market data provider, to make
Speaker 1: Bloomberg's license financial data accessible directly within blockchain environments rather
Speaker 1: than through traditional off chain databases. Folks, like I've been
Speaker 1: saying ad nauseum, the future markets, economies, and governments will
Speaker 1: all run on blockchain rails. And we're seeing the building
Speaker 1: out of the infrastructure right now, the on and off rams,
Speaker 1: the tools, the things that are needed to have data
Speaker 1: and information and currency and assets and all these things
Speaker 1: to flow and have interoperability. So we're in that building phase.
Speaker 1: So the company said Thursday that the initiative is designed
Speaker 1: to address the challenge of inconsistent data across tokenized markets.
Speaker 1: In many tokenized asset ecosystems, companies may rely on different
Speaker 1: versions of pricing data, security identifiers, or reference information, increasing
Speaker 1: the risk of discrepancies and operational inefficiencies. So by enabling
Speaker 1: a common, licensed data source to be embedded on chain,
Speaker 1: the collaboration aims to ensure that market participants reference this
Speaker 1: same data set, potentially reducing reconciliation disputes and improving data integrity.
Speaker 1: That's the power of the blockchain, folks. Very bullish news. Okay,
Speaker 1: look at this. Deutsche Bank backed all Unity launches a
Speaker 1: Swiss frank stable coin, THECHFAU. So everybody across the globe
Speaker 1: we're launching some form of digital currency, whether that be
Speaker 1: a stable coin, a CBDC, or a tokenized deposits. So
Speaker 1: you're seeing the banks, the stock exchanges, the biggest institutions
Speaker 1: in the world. So after introducing its europegged stable coin
Speaker 1: last year, all Unity is rolling out c HFAU, a
Speaker 1: stable coin pegg one to one to the Frank the
Speaker 1: company said in an announcement shared with coin Telegraph on Thursday.
Speaker 1: So initially available to institutional and professional investors, c HFAU
Speaker 1: launches on the Ethereum blockchain as an ERC twenty token,
Speaker 1: with plans to expand to additional networks later this year.
Speaker 1: This is what we've seen companies start with Etherereum and
Speaker 1: then they branch out to other chains because it's going
Speaker 1: to be a multi chain world and you need to
Speaker 1: have interoperability between the different chains. So this is the
Speaker 1: playbook we've been seeing, you know, start with black Rock
Speaker 1: doing this with their token iceed ones. But again, guys,
Speaker 1: look who's involved. Deutsche Bank. I mean, come on, right,
Speaker 1: some of the biggest names in the world. And this
Speaker 1: is not making major headlines on Fox or CNN and
Speaker 1: all these things. But if you're paying attention, you just
Speaker 1: see the building, and of course you see they're building
Speaker 1: on the ethereum chain. So again, as an investor, you
Speaker 1: look at that and say, okay, I'm going to take
Speaker 1: a bet on the ether token because the adoption it's getting,
Speaker 1: the utility and all these things being built on it.
Speaker 1: Final news item here SEC approval sought for gto soul
Speaker 1: Salana based liquid steaking token ETF. So we're seeing all
Speaker 1: types of different ETFs being launched for crypto assets, which
Speaker 1: is very good. So the NASDAQ has filed a proposed
Speaker 1: rule change to list the van k g TOO Soul ETF,
Speaker 1: a fund designed to hold the Salana based liquid steaking
Speaker 1: token GTO soul. Liquid steaking allows users to steak tokens
Speaker 1: to help secure a proof of steak network while receiving
Speaker 1: a transferable token in return that represents the steak assets
Speaker 1: and accrude rewards. G TOO Foundation president Bryan Smith told
Speaker 1: coin Telegraph that if the fund is approved, steaking rewards
Speaker 1: would not be distributed separately, but instead reflected in the
Speaker 1: fund's net asset value. So big news here, and this
Speaker 1: is of course running on the Salona blockchain, guys. So
Speaker 1: you're just seeing all types of unique ETF and financial
Speaker 1: products being built for cryptos, with cryptos becoming financialized, and
Speaker 1: you know, all the things, the bells and whistles and
Speaker 1: these financial products that existed for the trad fire world
Speaker 1: are now being brought to crypto. So the acid class
Speaker 1: is maturing, folks. That's the news. Let me know what
Speaker 1: you think. Leave your thoughts and comments below. Hit the
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Speaker 1: know about crypto, So go to Mycrypto course dot com. Folks,
Speaker 1: thank you so much for tuning in. I appreciate you all,
Speaker 1: and I'll talk to you all later.