Speaker 1: Hey, everybody, 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 way in. Please let that subscribe button as
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Speaker 1: We got lots to cover, so make sure you watch
Speaker 1: and listen to the end. Big things happening on the
Speaker 1: crypto charts. We got major delays in the crypto market
Speaker 1: structure markup that you need to know about, a lot
Speaker 1: of drama, and there's huge crypto adoption around the globe.
Speaker 1: Let's get into it. Okay, folks. At the time of recording,
Speaker 1: Bitcoin sitting at over ninety six thousand dollars, the RSI
Speaker 1: and the daily charge cooling down a bit. And this
Speaker 1: is really good because we're kind of stair stepping our
Speaker 1: way out of the lows that we've hit and the
Speaker 1: bulls are in control based on the mac D on
Speaker 1: the daily chart, so we're looking good here. And another
Speaker 1: great sign is that USDT dominance the stable coin liquidity
Speaker 1: is starting to break down, so it is currently at
Speaker 1: five point eight zero two percent, So let's see how
Speaker 1: much liquidity starts making its way into the market. We've
Speaker 1: got to have to be patient and let the process
Speaker 1: play out here as far as bitcoin dominance, bitcoin dominance
Speaker 1: is kind of moving sideways, and I think it may
Speaker 1: pick up a bit as Bitcoin continues to run up,
Speaker 1: and then it may collapse as Bitcoin hits a top
Speaker 1: or a local top or even an all time high.
Speaker 1: We'll have to wait and see and then all coins
Speaker 1: start picking up steam. But we're seeing some good things here.
Speaker 1: The Russell two thousand continues to make new highs. So
Speaker 1: this is one indicator role following because we're seeing a
Speaker 1: rotational liquidity from precious metals like gold and silver over
Speaker 1: to the stock market, over to crypto right, So very
Speaker 1: good sign that the Russell is waking up here and
Speaker 1: making new highs. And we did not get the ruling
Speaker 1: from the Supreme Court on Trump's terror so that has
Speaker 1: been delayed again. I don't know why what's happening. There's
Speaker 1: no rear rhyme or reason. And last week they were
Speaker 1: supposed to give the update on Friday. Now they're pushing
Speaker 1: back what was supposed to be given today now there's
Speaker 1: no update as far as when they're going to rule
Speaker 1: on this tariff situation. So something seems weird here. I think,
Speaker 1: you know, some politics, obviously, the President and his administration
Speaker 1: probably pulling some strings here. But you know, this certainly
Speaker 1: could impact the markets. It's not guaranteed that it will.
Speaker 1: But obviously the announcement of the tariffs last year, we
Speaker 1: saw what that did to the market. We saw when
Speaker 1: Trump tweeted out about tarriffs in China on October tenth,
Speaker 1: what happened with the crypto market and even the stock market. Now,
Speaker 1: the stock market rebounded, but crypto did not. Right, we
Speaker 1: had a massive or the largest liquidation ever in the
Speaker 1: crypto market, and it took us a while to recover
Speaker 1: from that. I think we're still recovering a bit from it.
Speaker 1: But we're going to have to wait and see. I
Speaker 1: don't know when this ruling is going to come. It's
Speaker 1: not that I necessarily want to see the ruling, is
Speaker 1: just I think it would be good if the market
Speaker 1: had the around it, you know, as to is this
Speaker 1: going to continue? Is there going to be some updates
Speaker 1: and changes? So we're going to have to wait and see. Folks,
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Speaker 1: We've got major updates around the crypto market structure bill
Speaker 1: markup that is scheduled for tomorrow. First up, it has
Speaker 1: been canceled, so Coinbase and a bunch of other people
Speaker 1: are removing their support of the current version because the
Speaker 1: banking lobby has been lobbying members of the Senate, mostly
Speaker 1: the Democrats like Beth Warren, and of course they want
Speaker 1: to throw a whole bunch of things in there that
Speaker 1: are not conducive to the crypto market or the ethos
Speaker 1: of crypto. So here eleanor Terred says, the Senate Banking
Speaker 1: Committee has decided to pull tomorrow's schedule market structure markup
Speaker 1: following today's drama with Coinbase. It's unclear whether a new
Speaker 1: date has been set, so we're going to have to
Speaker 1: wait and see. But the main player in pushing back
Speaker 1: on this Senate Banking Draft text was Coinbase and coinbas
Speaker 1: CEO Brian Armstrong weighed in on this, and he posted
Speaker 1: a thread on x. He says, after reviewing the Senate
Speaker 1: Banking Draft text over the last forty eight hours, Coinbase
Speaker 1: unfortunately can't support the bill as written. There are too
Speaker 1: many issues, including a de facto ban on token iszed equities,
Speaker 1: DeFi prohibitions giving the government unlimited access to your financial
Speaker 1: records and removing your right to privacy, erosion of the
Speaker 1: cfdc's authorities, stifling innovation and making it subservient to the
Speaker 1: sec draft, amendments that would kill rewards on stable coins,
Speaker 1: allowing banks to ban their competition. So the banks are
Speaker 1: the ones that are influencing this, folks. It's not Elizabeth Warner,
Speaker 1: Maxine Waters. We know the puppet strings, going back to
Speaker 1: the Gary Againcter days and the Biden days, Elizabeth Warren
Speaker 1: teaming up with Jamie Diamond and the other bankers. Right,
Speaker 1: she's getting lobbied hard, getting those fat checks, like I've
Speaker 1: been saying, and of course she's pushing the bank's agenda.
Speaker 1: Brian continues saying, we appreciate all the hard work by
Speaker 1: the members of the Senate to reach a bipartisan outcome,
Speaker 1: but this version would be materially worse than the current
Speaker 1: status quo. We'd rather have no bill than a bad bill.
Speaker 1: I absolutely agree with that. Hopefully we can all get
Speaker 1: a better draft. We'll keep fighting for all Americans and
Speaker 1: for economic freedom. Crypto needs to be treated on a
Speaker 1: level playing field with the rest of financial services, so
Speaker 1: we can build this industry in a safe and trusted
Speaker 1: way in America. He says, I'm actually quite optimistic that
Speaker 1: we will get to the right outcome with continued effort.
Speaker 1: We will keep showing up and working with everyone to
Speaker 1: get there. Now, Like I've been saying in the past
Speaker 1: couple podcasts. The sausage making here, it's ugly. Not everyone
Speaker 1: can handle how the sausage is made. They like the
Speaker 1: end product, right, So this is government, folks. And look,
Speaker 1: there's going to be lobbying, and we know the banks
Speaker 1: are trying to control crypto. We see they're building with crypto,
Speaker 1: and they're tokenizing, and they're doing custody and ETFs and
Speaker 1: much more. But they don't like things that are disrupting
Speaker 1: them completely, like stable coin yield and much more. So
Speaker 1: they're trying to take those things out and remove them.
Speaker 1: And here's an example. Elizabeth Warren has filed thirty eight
Speaker 1: amendments to the Market Structure Bill, which includes remove developer protections,
Speaker 1: more sanctions compliance obligations, more illicit activity powers for the government,
Speaker 1: more AML obligations for D five front ends, repeal positive
Speaker 1: occ guidance for banks, gut the SEC's ability to allow tokenization.
Speaker 1: So you see what I'm talking about. Guys, see what
Speaker 1: I'm talking about. She's getting those checks. And if fight
Speaker 1: is not over, we have to keep fighting here. And
Speaker 1: of course a lot of people in the industry waiting
Speaker 1: that this is not good. So again, this is the draft,
Speaker 1: and we're gonna have to go back and forth and
Speaker 1: they're gonna have to, you know, try to find some
Speaker 1: common ground and then we'll have another scheduled markup. But
Speaker 1: we got some work to do here. So I'm still
Speaker 1: optimistic they're gonna get this done because the fact that
Speaker 1: we're having these dialogues. The fact that we're reviewing drafts
Speaker 1: and much more is very good. It could be worse
Speaker 1: where none of this is happening. So this is again,
Speaker 1: this is how the sausage is made. There's steps and
Speaker 1: processes here, and there's hurdles we have to get over.
Speaker 1: But that's okay. That's how pretty much every bill has
Speaker 1: to go through, back and forth, right, and the opposition
Speaker 1: is gonna push back and much more. So you've got
Speaker 1: to be patient here. Okay, we got big crypto adoption news.
Speaker 1: First up, Visa tabs a bv NK to power stablecoin
Speaker 1: payments on Visa Direct. So we know all the credit
Speaker 1: card companies are building with stable coins, blockchain and doing
Speaker 1: all types of different things with crypto. So Visa has
Speaker 1: chosen United Kingdom based stable coin infrastructure provider bv and
Speaker 1: K to power new Visa Direct pilots, allowing some business
Speaker 1: customers to prefund cross border payments in stable coins and
Speaker 1: deliver digital US dollars directly to recipient's wallets in select markets.
Speaker 1: The partnership announced Wednesday. Bills on Visa's earlier stable coin experiments,
Speaker 1: including on chain settlement tests with USDC on networks like
Speaker 1: Etheroreum and Solana. The move follows a strategic investment in
Speaker 1: VVNK in May twenty twenty five through its Visa Ventures
Speaker 1: arm as card schemes race to embed tokenized dollars into
Speaker 1: their treasury and payout rails. So incredible adoption and building folks.
Speaker 1: So you see stable coins being adopted by these tradi
Speaker 1: fi companies, and of course these stable coins are running
Speaker 1: on different blockchain networks like etherorem and Solana, so that's
Speaker 1: where you can take your bet. Right, you can buy
Speaker 1: the ether token or the Soul token and other blockchains
Speaker 1: that are being used as well. Okay, moving ahead, Figure
Speaker 1: Technology unveils blockchain platform for direct stock lending. So this
Speaker 1: is very interesting. Figure Technology Solutions, a blockchain focus financial
Speaker 1: technology company, is pushing stock lending on chain with a
Speaker 1: new system that allows investors to lend shares directly to
Speaker 1: one another without relying on traditional securities intermediaries. So this
Speaker 1: is the power of blockchain. You put it on chain,
Speaker 1: you remove the middleman, you cut costs down, you improve
Speaker 1: the speed and the transaction times and the settlement of
Speaker 1: course instance settlement. So incredible. What's happening So Bloomberg reported
Speaker 1: Wednesday that the company has launched the on chain public
Speaker 1: equity network known as OPEN, which allows companies to issue
Speaker 1: real equity directly on Figures provenance blockchain. Unlike other tokenized
Speaker 1: stock offerings, which typically mirror existing shares through synthetic instruments,
Speaker 1: the equity issued on open represents actual ownership. Those shares
Speaker 1: can be lent or pledged directly on the blockchain bypassing
Speaker 1: intermediaries such as custodians, exchanges, and brokers. According to Figure
Speaker 1: CEO Mike Kaigney, now I do believe this is the
Speaker 1: model that's going to come in the future, but I
Speaker 1: think it's going to take time to get there. Right now,
Speaker 1: I think phase one is the mirroring of the shares
Speaker 1: or the assets. Right, you hold the shares of those
Speaker 1: respective assets and a custody account, and then you have
Speaker 1: a tokenized version on chain, right, And that requires multiple
Speaker 1: intermediaries because you've got to make sure the company that
Speaker 1: is tokenizing is actually doing what they're doing and they're not,
Speaker 1: you know, lying and robbing you in much more. So
Speaker 1: that's going to be phase one. But eventually what this
Speaker 1: company is doing Figure this is the way it's just
Speaker 1: going to go be issued directly on chain, Folks, I
Speaker 1: don't think we're there yet, you know where the masses
Speaker 1: are on board the infrastructure to handle this, but it
Speaker 1: does make sense for figure to get this rolling, so
Speaker 1: pretty amazing. In practice, the system allows investors to lend
Speaker 1: their shares natively on chain rather than through conventional securities
Speaker 1: lending markets. Proponents say the approach could streamline settlement and
Speaker 1: improve transparency around ownership and lending activity. Okay, moving ahead.
Speaker 1: Bit Wise lists Bitcoin, ether and Salona ETPs on Nasdaq's Stockholm.
Speaker 1: We all know cryptos of global acid class and these
Speaker 1: companies are building the bridges, the on ramps for people
Speaker 1: to access the asset class around the globe. So this
Speaker 1: is very good. This is what you want to see.
Speaker 1: More capital coming in, more participants, more building, and of
Speaker 1: course network effects will play out here. We've often talked
Speaker 1: about network effects over the years, and this is what
Speaker 1: helps drive the value of blockchain networks. And it's metcaps
Speaker 1: law and also reads law, so metcaps law. The more
Speaker 1: participants in the network, the stronger it becomes, the more
Speaker 1: valuable becomes the same thing applies to social networks or
Speaker 1: tell companies and so forth, you guys can research that.
Speaker 1: I'm sure some of you learned about Metcalf's law in
Speaker 1: college and things along those lines. So digital asset manager
Speaker 1: bitwise has listed seven crypto exchange traded products denominated into
Speaker 1: Swedish Krona on the NASDAQ Stockholm, giving Swedish investors regulated
Speaker 1: exposure to bitcoin, Ether, and Solana. According to a Wednesday announcement.
Speaker 1: The SEK denominated ETPs are available to retail and professional
Speaker 1: investors through existing brokerage accounts and may qualify for Sweden's
Speaker 1: tax advantage is ca saving structure depending on the platform.
Speaker 1: Love it, guys. More on rams being built across the globe.
Speaker 1: Here's another example, bit Panda target's Frankfurt IPO with up
Speaker 1: to five point five billion dollar valuation. You know, we
Speaker 1: recently talked about Bitgo looking to do an IPO. We
Speaker 1: also got securitized and a bunch of other companies, even
Speaker 1: AI companies, looking to go public this year. So it's
Speaker 1: one of the reasons I'm saying the bull market's not
Speaker 1: over if companies are looking to go public right but
Speaker 1: across the globe, crypto's growing as an asset class in
Speaker 1: recognition of it being the future of finance, and these
Speaker 1: companies are getting huge valuations and they're looking to go public.
Speaker 1: So Austria based crypto trading platform bit Panda is moving
Speaker 1: forward with plans for a public listing in Frankfurt, targeting
Speaker 1: a debut in the first half of twenty twenty six
Speaker 1: with a valuation of four billion euros or four point
Speaker 1: seven billion dollars to five billion euros. The ipo could
Speaker 1: take place as early as the first quarter, with the
Speaker 1: company working alongside Citygroup, Goldman Sachs and Deutsche Bank. See
Speaker 1: who's involved here. So this is why I am bullish
Speaker 1: on crypto, not just now for this cycle, but the
Speaker 1: future cycles as well. And here's a great example of adoption.
Speaker 1: Germany's DZ Bank secures MICA license for Mine crypto platform.
Speaker 1: Interesting name there, but these bank, one of Germany's largest
Speaker 1: banking groups by assets security license under the European Union's
Speaker 1: Markets in Crypto Assets Regulation also known as MICA clearing,
Speaker 1: a key regulatory hurdle to operate crypto services within the jurisdiction.
Speaker 1: All the banks, all the credit card companies, all the
Speaker 1: stock exchanges, all the big institutions getting involved in crypto.
Speaker 1: Do you see what is happening, and it's not one
Speaker 1: country or just a handful. It's all of them, guys.
Speaker 1: They're all bending the knee here. It's inevitable. What is happening.
Speaker 1: DZ Bank announced Wednesday that it had received approval from
Speaker 1: Germany's Federal Financial Supervisory Authority to operate its crypto platform
Speaker 1: mind Crypto, which is designed to provide crypto trading infrastructure
Speaker 1: to banks within Germany's cooperative banking network. The platform will
Speaker 1: be made available to participating local banks in the coming months.
Speaker 1: Huge news and speaking of the MICAH regulations, Ripple targets
Speaker 1: MICAH passporting in EU with Luxembourg E money not so.
Speaker 1: Ripple has been getting a lot of new licenses in
Speaker 1: Europe and across the globe. They've been making a lot
Speaker 1: of progress and setting up shop around the world. So
Speaker 1: Ripple is expanding its regulatory footprint in Europe after receiving
Speaker 1: what is described as a preliminary e money authorization from
Speaker 1: Luxemburg's financial regulators. The blockchain Payments Companies Set in a
Speaker 1: Wednesday announcement shared with coin telegraphed that it had received
Speaker 1: preliminary approval for its Electronic Money Institution license from Luxemburg's
Speaker 1: Commission the Surveillance do sector financier from saying that right,
Speaker 1: Ripple said this step moves it closer to a full authorization,
Speaker 1: which would allow the company to provide regulated payment services
Speaker 1: in stable coins and other digital assets across the European
Speaker 1: Union under passporting rules, subject to meeting remaining conditions. So
Speaker 1: the building and the expansion continues now. Spain's bank Inter
Speaker 1: joins thirty five million dollars bit to me around mid
Speaker 1: growing bank crypto life again global banks here in almost
Speaker 1: every country investing in crypto, launching crypto services and much more.
Speaker 1: Spanish bank ban Kinter has taken a minority stake in
Speaker 1: Spanish cryptocurrency exchange bit to me, joining stable coin issuer
Speaker 1: Tether and other investors as traditional banks deepen their ties
Speaker 1: to the digital asset industry. The investment, announced Wednesday makes
Speaker 1: bank in Thur the latest large financial institution to back
Speaker 1: bit to me, following the exchange's thirty million euro or
Speaker 1: thirty four point nine million dollar funding round announced in August.
Speaker 1: That round, including Tether and Spain's BBVA, big names and
Speaker 1: has aimed at supporting bit to Me's expansion across Spain
Speaker 1: and the wider euro opinion. So again, the investments, the mergers,
Speaker 1: the acquisition, the expansion. Everybody trying to grab as much
Speaker 1: of the market share as possible in one fashion or
Speaker 1: the other. So the scope of the investments is to
Speaker 1: achieve technological and knowledge synergies while supporting Bittome's fintech expansion
Speaker 1: throughout Spain and the European Union. Bankin said the investment
Speaker 1: round is significant among European crypto exchanges. It ranks as
Speaker 1: the fourth largest publicly announced rays behind Austrian crypto platforms
Speaker 1: bit Panda's previous three investment rounds of two hundred and
Speaker 1: sixty three million dollars, one hundred and seventy million dollars
Speaker 1: and fifty two million dollars respectively. Look at the capital
Speaker 1: and obviously we talked about Bitpanda looking to go public.
Speaker 1: Of course, now final news on him. Pakistan taps Trump
Speaker 1: linked crypto company for stable coin payments deal. You know
Speaker 1: Pakistan and countries from that region. I've been partnering with
Speaker 1: binancy Do a lot, So it looks like they're partnering
Speaker 1: with World Liberty Financial here let me give it to details.
Speaker 1: So Pakistan has signed an exploratory agreement with a company
Speaker 1: linked to Trump back We're Liberty Financial to assess the
Speaker 1: potential use of a dollar peg stable coin for cross
Speaker 1: border payments. A source familiar with the matter said the
Speaker 1: agreement sc Financial Technologies, a little known firm connected to
Speaker 1: word Liberty Financial, and would examine whether the company's US
Speaker 1: the one stable coin could be used within Pakistan's emerging
Speaker 1: digital payments framework. The token could operate alongside Pakistan's emerging
Speaker 1: digital currency infrastructure, potentially supporting cross border transactions as remittances.
Speaker 1: The source toll Reuters. Wow, really big, really big here.
Speaker 1: And if Trump's word Liberty Financial is able to get
Speaker 1: these partnerships with different countries, that's huge for them. And
Speaker 1: just the adoption of the US dollar stable coins and
Speaker 1: other crypto assets, it's amazing. Now. I know some people
Speaker 1: are gonna say, man, Trump is kind of taking from
Speaker 1: the crypto market here, and yeah, you know, look, it
Speaker 1: is what it is. I don't know if there's anything
Speaker 1: we can do about this, but you know, overall, there
Speaker 1: is a silver lining, you know, for it helps with
Speaker 1: crypto adoption and much more. The good thing is Pakistan,
Speaker 1: like I said, they're partnering with Binance and other platforms.
Speaker 1: Is not just We're Liberty Financial all right, folks, that's
Speaker 1: the news. Let me know what you think. Leave your
Speaker 1: thoughts and comments below, hit the thumbs up button and subscribe.
Speaker 1: If you haven't as yet, be sure to support the
Speaker 1: podcast by subscribing to my free email newsletter. It is
Speaker 1: one hundred percent free. I was supposed to put out
Speaker 1: a write up today, but just because of the market
Speaker 1: structured delay or cancelation, I decided to hold off. So
Speaker 1: I'm gonna wait to put a dust to settle and
Speaker 1: I'm going to publish on Friday. Also, I was waiting
Speaker 1: to hear if the tariff ruling would happen today. It
Speaker 1: did not, so I want to get you guys the
Speaker 1: most up to date data and charts and factors. So
Speaker 1: I think it's best to wait till the end of
Speaker 1: the week because you know, those things I mentioned could
Speaker 1: swing market. So that's why I don't want to give
Speaker 1: you outdated information and all of a sudden the news
Speaker 1: breaks and it changes the structure of the market. Right,
Speaker 1: So that's why I held off on not publishing today.
Speaker 1: But once again, it's free. It's on substacked, so make
Speaker 1: sure you subscribe. Also, grab a copy of my book
Speaker 1: on Amazon. It's available in paperback, in digital, and check
Speaker 1: out my course at mycrypto course dot com. This is
Speaker 1: a comprehensive course that teaches you everything you need to
Speaker 1: know about crypto folks. Thank you so much for tuning in.
Speaker 1: I appreciate you all, and I'll talk to you all
Speaker 1: later