Speaker 1: Hey, everybody, Welcome into the Thinking Crypto Podcasts, your home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: Huge news coming out of the SECS. So the SEC
Speaker 1: has asked the issuers of the like coin XRP, Solana
Speaker 1: Cardano and Doge ETFs the SPOTYTFS to withdraw their nineteen
Speaker 1: B DASH for filings following the approval of the generic
Speaker 1: Listing standards, which replaced the need for those filings. Eleanor
Speaker 1: Turrett reported that the withdrawals could start happening as soon
Speaker 1: as this week. So this is very bullish, folks. And
Speaker 1: if you recall last week, I told you guys that
Speaker 1: I interviewed Commissioner Hester Purse, and one of my major
Speaker 1: takeaways is that with these new guidelines for the ETFs,
Speaker 1: futures markets are not new and in addition to nineteen
Speaker 1: B DASH fours, so the process is going to be
Speaker 1: sped up, It's going to be much more easier. And
Speaker 1: less cumbersome for these filers to get their all coin
Speaker 1: ETF applications in and then approve. So this is very bullish.
Speaker 1: It's setting up for the approval come Q four, and
Speaker 1: we're expecting the markets to rally. Obviously, you know, on
Speaker 1: today's livestream, m I broke down the dynamics and everything
Speaker 1: that's happening. But you can see the direction things are
Speaker 1: heading in and we're going to get a lot of
Speaker 1: all coin ETPs and of course the two biggest that
Speaker 1: are on deck right now is XRP and Solana, and
Speaker 1: I think the market really wants those. There's a lot
Speaker 1: of applications and filings for those, so great to see
Speaker 1: the SEC saying hey, guys, with draw those respective aspects
Speaker 1: of your filings. And it looks like the SEC is
Speaker 1: getting ready to approve these individual et apps now. Eric Balchunis,
Speaker 1: who's a senior ETF analyst at Bloomberg, says, nice scoop
Speaker 1: from eleanor here. This was something we thought could happen.
Speaker 1: It makes sense as you don't need nineteen b dash
Speaker 1: fours in the POSTGLS world. So talking about the new guidance,
Speaker 1: just not sure how the launch schedule will work. More
Speaker 1: will be revealed soon. So this is very good, guys,
Speaker 1: very bullish set up here for what we can anticipate
Speaker 1: in Q four. Now, quick word from our sponsor, folks,
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Speaker 1: look at this bullish news. Swift, the banking messaging system
Speaker 1: that has existed for a very long time and how
Speaker 1: the banks communicate with each other for cross border payments
Speaker 1: and money movement and much more. They are partnering with Consensus,
Speaker 1: the developers of etherorem, to build a blockchain settlement system.
Speaker 1: This is news you want to share with the skeptics
Speaker 1: of crypto and people who still don't understand what's happening
Speaker 1: here because this is a huge capitulation. Remember, Swift is
Speaker 1: simply the banks around the globe, So you're JP Morgan's
Speaker 1: and many others coming together and forming this respective messaging system.
Speaker 1: And now they're saying, we need blockchain, we need this
Speaker 1: technology because we're getting disrupted. So let me give it
Speaker 1: a details. The Swift interbank communication network is working with
Speaker 1: Ethereum ecosystem developer can Census to develop a blockchain settlement system.
Speaker 1: So they're going to use here a blockchain which is
Speaker 1: a layer two on top of ETHEROREM. And different reports
Speaker 1: are saying that it is called linear, so clearly it's
Speaker 1: a theorem base and once again it's a layer two.
Speaker 1: According to a Monday announcement, the Society for Worldwide Interbank
Speaker 1: Financial Telecommunication SWIFT is developing a blockchain in collaboration with
Speaker 1: over thirty financial institutions and Consensus. The initial focus is
Speaker 1: on developing infrastructure for real time twenty four to seven
Speaker 1: cross border payments. Guys. Is what I've been beating a
Speaker 1: drum on the economies, the governments, the markets will all
Speaker 1: be running on blockchain rails. Clearly, the banks recognize the
Speaker 1: disruptive potential of stable coins, blockchain and crypto, and that's
Speaker 1: why they're trying to catch up to crypto now because
Speaker 1: crypto's being the first twenty four to seven, three hundred
Speaker 1: and sixty five day market, right we all know that, well,
Speaker 1: all these legacy tradify guys, The banks and stock exchangies
Speaker 1: are all moving in the same direction. So one of
Speaker 1: the object of the new blockchain will be interoperability with
Speaker 1: existing and emerging networks while also maintaining compliance. Consensus is
Speaker 1: tasked with developing the conceptual prototype in the first phase
Speaker 1: and defining the future work phases. Here's a quote. The
Speaker 1: ledger will extend swift's financial communication role into a digital environment,
Speaker 1: the announcement said. Swift added that the platform will support
Speaker 1: the exchange of tokenized assets, though the types of tokens
Speaker 1: would ultimately be determined by central and commercial banks. So
Speaker 1: let me break this that for you. They're going to
Speaker 1: create a private layer two on etherorem, but they're going
Speaker 1: to have interoperability with public blockchains because we saw many
Speaker 1: of these folks, JP Morgan, IBM and others tried to
Speaker 1: create the private permission blockchain. It didn't work. No one
Speaker 1: trusted each other's blockchains. So it's just like they don't
Speaker 1: trust each other. Right now, they have to use a
Speaker 1: messaging system, but public blockchains are the way. So they're
Speaker 1: going to have to have the ability to bridge into,
Speaker 1: you know, the rest of the world that's on public blockchains.
Speaker 1: And here's a great example of that. Qatar Bank taps
Speaker 1: JP Morgan's blockchain for faster US dollar payments. Now this
Speaker 1: is JP Morgan's Connexus blockchain, which is a private fork
Speaker 1: of etheroremy It used to be called Quorum, and most
Speaker 1: recently we saw a JP Morgan they were testing the
Speaker 1: payment rails with Ondo Finance and chain Link, which are
Speaker 1: public blockchains. So you can see once again, you can
Speaker 1: have your private chain and you can have your wall garden,
Speaker 1: but you better have rails going out to the public
Speaker 1: blockchains where nobody's gonna trust it, right, Why the hell
Speaker 1: would I trust your blockchain and it's centrally controlled. So
Speaker 1: they're going to have to meet other banks and other
Speaker 1: institutions on the public blockchains in kind of a public
Speaker 1: town square type setup. Right, So very bullish news. You
Speaker 1: got swift capitulating, You got these banks, JP Morgan and
Speaker 1: others having to plug into public blockchains. So again, look
Speaker 1: at where the puck is heading, folks. This is major
Speaker 1: news here. It's not the most sexy news, but it's
Speaker 1: huge capitulation from the banks, the people who are naysayers
Speaker 1: spreading fud, saying this is all a joke, a ponzi
Speaker 1: of fad, magic internet money, you name it, right, the
Speaker 1: different criticisms we've seen over the years from Larry Fink
Speaker 1: at one point, Jamie Diamond of course, and many others.
Speaker 1: So incredible news here. Now, speaking of chain link, chain
Speaker 1: links AI powered communications tool shows promise at streamlining corporate
Speaker 1: actions data sharing globally. I'm a big believer in chain link.
Speaker 1: Many crypto native companies and projects and even trad fin
Speaker 1: institutions are using chain Link. I just give the example
Speaker 1: of a JP Morgan, right, So I'm a linked token
Speaker 1: older I have been for a long time, so I'm
Speaker 1: very bullish on this. So Chainlink is providing a deeper
Speaker 1: look into its attempts at improving the global financial industry
Speaker 1: by inking deals with the largest market infrastructure providers such
Speaker 1: as DTCC, Swift and Euroclear, big names there. The chain
Speaker 1: Link runtime environment orchestrated the validation of multiple AI model
Speaker 1: outputs that were then transmitted to the Swift network using
Speaker 1: an ISO two zero zero two two compliant messaging format.
Speaker 1: So big development here by chain Link. They continue to
Speaker 1: get adoption around the globe by many different institutions and
Speaker 1: even once again other projects in the blockchain space or
Speaker 1: the crypto space. And I'm hoping chain link can do
Speaker 1: really well this bull market. It has shown some strength rallying.
Speaker 1: But I'm looking for one hundred dollars plus link price,
Speaker 1: but you know, not guaranteed, of course, but I'm hoping
Speaker 1: we get there, all right. Moving ahead, Binance joins coinbase
Speaker 1: and offering white label cryptos services for trad five. I've
Speaker 1: interviewed quite a few folks in coinbase where we talk
Speaker 1: about the services they're offering, like, for example, they're powering
Speaker 1: black Rock's ability to buy and sell and trade crypto,
Speaker 1: plus the custody black Rock uses coinbasis custody. Well, Coinbase
Speaker 1: is offering the white label to banks. We heard about
Speaker 1: P and C Bank, we heard about JP Morgan, so
Speaker 1: smart move by coinbase and Binance is looking to do
Speaker 1: the same thing, so essentially offering crypto as a service.
Speaker 1: So crypto Exchange Finance is launching its own crypto as
Speaker 1: a service solution for licensed banks, brokerages, and stock exchanges
Speaker 1: looking to offer crypto services to their clients. The white
Speaker 1: labeled solution will enable these trad FI institutions to tap
Speaker 1: Binance's spot and futures markets, liquidity pools, crypto solutions, and
Speaker 1: compliance tools without needing to build their own infrastructure from
Speaker 1: the ground up. The Binance statement said on Monday, here's
Speaker 1: the quote. Institutions retain full control of the front end
Speaker 1: their brand, client relationships, and user experience, while Binance powers
Speaker 1: the back end supporting trading, liquidity, custody, compliance and settlement.
Speaker 1: So this is huge, folks, right, especially that these powerhouse
Speaker 1: crypto exchanges are helping these trat FI institutions to offer crypto,
Speaker 1: and the TRATFI institutions are doing this because they don't
Speaker 1: have to spend years trying to to build a product out.
Speaker 1: Now you believe eventually they will, you know, as they
Speaker 1: start making money and you know their R and D,
Speaker 1: the department is going to look at what coinbase is doing,
Speaker 1: what binance is doing, and they're going to build out
Speaker 1: their own stuff. But right now, with the race to
Speaker 1: get to market and to provide this access and not
Speaker 1: lose clients, they're going to go this route. And it
Speaker 1: makes sense. It's very easy, and this is a huge
Speaker 1: win for these exchanges in the crypto industry that these
Speaker 1: trad fin institutions are capitulating to the crypto acid class,
Speaker 1: but they have to use the crypto exchanges to power it. Now.
Speaker 1: I've often mentioned that, you know, the banks were the
Speaker 1: ones lobbying Elizabeth Warren and Gary Genser to attack the
Speaker 1: crypto industry, and they've clearly given that up and they've lost,
Speaker 1: and now they have to capitulate crypto as across the chasm.
Speaker 1: It's no longer fad, it's no longer taboo. It's no
Speaker 1: longer this nascent acid class. They better get on board
Speaker 1: right or they will have their blockbuster moments. So huge
Speaker 1: news here. Now crypto's global. It's a global acid class,
Speaker 1: in fact, the first truly global acid class. And look
Speaker 1: at this. Kazakhstan debuts state Back Crypto fund with BnB.
Speaker 1: Now you may say why BnB, Well, you guys know
Speaker 1: they assign cz Binance's founder and former CEO as an advisor.
Speaker 1: So this is why you got BnB of all tokens
Speaker 1: kicking it off here. And I'm not anti BnB, but
Speaker 1: you know it's an exchange token and most people know
Speaker 1: that that's kind of its use case for the most part,
Speaker 1: versus if you look at ethereum, XCERP, Ledger and others. Right,
Speaker 1: So very interesting move here. So Kazakhstan has established a
Speaker 1: state back Crypto reserve in partnership with Binance, making the
Speaker 1: country's latest move into digital assets. Marking the country's latest
Speaker 1: move into digital assets. The initial digital asset in the
Speaker 1: fund's portfolio is BnB, the utility token that drives transactions, fees,
Speaker 1: and governance on Binance's blockchain. According to a Monday announcement
Speaker 1: on the Kazakhstan government's website. The announcement did not specify
Speaker 1: how much BnB was purchased to see the fund, nor
Speaker 1: did it give any details about what other crypto investments
Speaker 1: might follow. The fund, named Alem Crypto Fund, was created
Speaker 1: by the Ministry of Artificial Intelligence and Digital Development and
Speaker 1: is managed by Quasstan Adventure Group under the Astana International
Speaker 1: Financial Center. Here's a quote. The primary objective of the
Speaker 1: fund is to make long term investments in digital assets
Speaker 1: and bill strategic reserves. Very bullish needs. Here you got
Speaker 1: countries buying, you got digital acid treasury companies buying, and
Speaker 1: of course you got trad fi institutions like black Rock
Speaker 1: and others buying. Lots of demand for this acid class,
Speaker 1: and I'm glad I'm here. Early I bought the lows
Speaker 1: and the bloody bear market. Right when people were screaming
Speaker 1: this is all a scam. They weren't educating themselves, They're
Speaker 1: just reading headlines. But now again we've crossed the chasm
Speaker 1: for adoption. All right, Moving ahead, NASDAK listed Predictive Oncology,
Speaker 1: launches three hundred and forty four million dollar deepen Treasury
Speaker 1: focus on ether If I'm saying that writer ether ae
Speaker 1: t Hi R. This is the first time I'm hearing
Speaker 1: of this. I'm a big believer in decentralized physical infrastructure
Speaker 1: network is also known as deepen, and it's really interesting
Speaker 1: that you have a new digital acid treasury company going
Speaker 1: beyond the top twenty tokens, right, your normal bigcoin xrpiece, Solana,
Speaker 1: Etherorem and others, and going with this token I've never
Speaker 1: heard of. So you're going to see a lot of
Speaker 1: plays like this. This is very interesting, so predictive oncology,
Speaker 1: a biotechnology company specializing in AI driven cancer research, has
Speaker 1: announced a three hundred and forty four point four million
Speaker 1: dollar digital acid treasury centered on the ether's ATH token,
Speaker 1: marking the first time a NASDAK listed company will hold
Speaker 1: and actively managed tokens from a decentralized physical infrastructure network. Now,
Speaker 1: I don't know how well this is going to work
Speaker 1: out for them because I've never heard of this token.
Speaker 1: It sounds like it's new and it's not, you know,
Speaker 1: one of the tokens that has a lot of the
Speaker 1: liquidity like the tokens in the top ten. Right. So
Speaker 1: the capital strategy has developed with guidance from DNA Fund,
Speaker 1: a Web three investment and advisory company and BTIG, which
Speaker 1: served as placement agent Predictive Oncology disclosed Monday. It was
Speaker 1: structured as two concurrent private placements in public equities combining
Speaker 1: cash investment with crypto pipe involving in kind contributions of
Speaker 1: ath tokens. DNA Fund said in a separate announcement, So
Speaker 1: let's see how it works out for them. You know,
Speaker 1: the rising tide lifts all boats. When this market goes
Speaker 1: crazy and all these different random coins start popping off,
Speaker 1: it could work out well when the bear market comes,
Speaker 1: you know, as the saying goes, when the tide goes out,
Speaker 1: we'll see who's swimming naked. So again, not hoping for
Speaker 1: anything bad to happen. Just if I was doing a
Speaker 1: digital acid treasury, I would more so go with the
Speaker 1: more liquid tokens in the market. But hey, we'll see
Speaker 1: what happens. All right, folks, that's the news. Let me
Speaker 1: know what you think. Leave your thoughts and comments below,
Speaker 1: especially about the Swift news. That's a big one, right.
Speaker 1: They are full on capitulating, all the banks, all the
Speaker 1: stock exchanges are bending the knee. Obviously. We heard just
Speaker 1: this last week Vanguard is finally capitulating, so all the naysayers,
Speaker 1: all the people on the fence jumping into the acid,
Speaker 1: class and industry folks. So, folks, if you appreciated the content,
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Speaker 1: it's available in paperback, in digital, and my course at
Speaker 1: mycryptocurse dot com. Folks, thank you so much for watching
Speaker 1: and listening. I appreciate you all, and I'll talk to
Speaker 1: you all later.