Speaker 1: Blackrocks officials meet with the SEC Crypto Task Force to
Speaker 1: talk all things crypto ETFs. I'll give it to details,
Speaker 1: and Coinbase will be launching XRP futures. This is very
Speaker 1: good for the approval of the XRP spot ETFs, and
Speaker 1: the Cardano Foundation launches a new digital identity platform. And
Speaker 1: there's huge adoption on the Avalanche blockchain, with a massive
Speaker 1: industry building on Avalanche. I'll give you all the details.
Speaker 1: Let's get into it. Hey, everybody, welcome into the Thinking
Speaker 1: Crypto Podcasts. You're home for your cryptocurrency news and interviews.
Speaker 1: I'm your host, Tony Edward. On your way in. Please
Speaker 1: let that subscribe button as well, so thumbs up button
Speaker 1: and leave a comment below. If you're listening on a
Speaker 1: podcast platform such as Spotify or Apple, please leave a
Speaker 1: five style reading and review, folks. The tariff turmoil continues.
Speaker 1: Over three trillion dollars was erased from the stock market
Speaker 1: today and overall, though bitcoin itself is holding up pretty strong.
Speaker 1: I'm actually very surprised by this. Pleasantly surprised because I
Speaker 1: thought bigcoin would be tanking. But I think this stock market,
Speaker 1: which is more tied to businesses in the economy, it's
Speaker 1: going to feel the pressure more because tariffs impact businesses,
Speaker 1: right and consumer spending, while bitcoin is a financial network,
Speaker 1: a store of value that is not affected so much
Speaker 1: by tariffs. Don't get me wrong. All markets are going
Speaker 1: to be affected by this because it depends on consumer
Speaker 1: sentiment and investors sentiment because if they see uncertainty, and
Speaker 1: you know, they don't like that. Markets don't like uncertainty.
Speaker 1: But I think a bigcoin's going to be less affected
Speaker 1: in the crypto market as well. And overall, global liquidity
Speaker 1: is still up and the dollar is still crashing down.
Speaker 1: So these are still factors that are conducive to bull
Speaker 1: markets and for bullish rallies. And when I look at
Speaker 1: the charts, guys, you know, I look even at the
Speaker 1: S and P five hundred on the daily RSI, all
Speaker 1: I'm seeing here is a retest of the over soul zone.
Speaker 1: And this is something we've seen before. So let's see
Speaker 1: what plays out. Could we find the bottom soon? Remember,
Speaker 1: markets don't go down forever, guys. Likewise, they don't go
Speaker 1: up forever. It's a cycle that plays out with sentiment,
Speaker 1: global liquidity, and much more. And you know, people are
Speaker 1: gonna be buying up the dips. You know, Warren Buffett
Speaker 1: is going to be buying the dips on the stock market.
Speaker 1: He's been sitting on a ton of cash since late
Speaker 1: last year. So this is the patience game, and we've
Speaker 1: got to get through this short term macro situation with tariffs.
Speaker 1: It's annoying, to be honest, because it's back and forth,
Speaker 1: red light, green light, it's on, it's off. It's so annoying.
Speaker 1: In fact, Arthur Hayes, who I will be interviewing next week,
Speaker 1: said Trump's tarrorf formula is further evidence he's laser focused
Speaker 1: on reversing these imbalances. The problem for treasuries is that
Speaker 1: without dollar exports, foreigners can't buy bonds. The Fed and
Speaker 1: banking system must up to ensure a well functionings treasury market,
Speaker 1: which means Burr essentially the money printer. Here is your narrative,
Speaker 1: the clearest day for the return of quantitative easing. Guys,
Speaker 1: We've been talking about it for a long time, right,
Speaker 1: I've been mentioning it in my newsletter NonStop, and I
Speaker 1: keep pointing to this because this is what drives markets. Yes,
Speaker 1: on the micro you have individual performance of different cryptocurrencies
Speaker 1: based on adoption and much more likewise with the stock market,
Speaker 1: how a company performs m and as, revenue, earnings, all
Speaker 1: that jazz. You guys know how it operates. But from
Speaker 1: the macro, it's all following global liquidity. I like what
Speaker 1: Douglas Bonaparte had to say. You know, he's a registered
Speaker 1: investment advisor and I've had him on the podcast. He highlighted,
Speaker 1: you know, the major market crashes we've had in our history,
Speaker 1: going back to at least the nineteen seventies, the oil
Speaker 1: embargo in nineteen seventy three, Black Monday nineteen eighty seven,
Speaker 1: dot Com bubble burn two thousand, global financial crisis in
Speaker 1: two thousand and eight, COVID nineteen and twenty twenty, and
Speaker 1: now tariffs twenty twenty five. But he said, yet the
Speaker 1: market goes up, that's because the global liquidity goes up.
Speaker 1: The Fiat currency, the basement in printing goes up, guys.
Speaker 1: So I hope you understand the macro view here. Now
Speaker 1: moving ahead, guys, we have news here that Blackrock met
Speaker 1: with the SEC Crypto Task Force. So journalist Eleanor Tarott
Speaker 1: is reporting a delegation from the world's largest asset manager,
Speaker 1: Black Rock met with the SEC Crypto Task Force this
Speaker 1: week to discuss the firm's existing crypto ETFs and the
Speaker 1: potential of allowing future in kind redemptions and creations for them.
Speaker 1: Huge on multiple levels. First, Blackrock meeting with the SEC
Speaker 1: Crypto Task Force. Despite all that's happening in the market
Speaker 1: right the turmoil with the tariffs, they're still meeting because
Speaker 1: they have a macro outlook. They know this is the future.
Speaker 1: It's still business as usual. We got to get our
Speaker 1: work done here. Two, what they're meeting about is really
Speaker 1: bullish because it's the inkind redemption. So if you want
Speaker 1: to redeem your assets out of these ETFs, the crypto assets,
Speaker 1: it's not settled in cash. It will be settled with
Speaker 1: the actual asset. That is bullish, right, We want to
Speaker 1: get away from the cash aspect and to the actual
Speaker 1: assets themselves being part of the transaction. So very bullish.
Speaker 1: Black Rock's not slowing down. Just recently I reported to
Speaker 1: you guys their expansion to the UK, expanding their bitcoin etf,
Speaker 1: launching their offices and things like that in the UK,
Speaker 1: specifically around crypto. It's amazing what is taking place the
Speaker 1: world's wealthiest asset manager is not playing around here, guys. Now,
Speaker 1: we also got news that the SEC acknowledges the filing
Speaker 1: of Fidelity spots Alana et apps. So Fidelity recently did this,
Speaker 1: and I think multiple all coin ETFs will be approved
Speaker 1: this year. I think they're waiting for Paul Atkins to
Speaker 1: come into office. And in fact, we got use here
Speaker 1: that the SEC chair nominee, Paul Atkins has been voted
Speaker 1: through the Banking GOP Committee. Next up in the process,
Speaker 1: his nomination will move onto the full Senate for a vote.
Speaker 1: I think he's going to get through, right. We got
Speaker 1: the most pro crypto congress here, guys, so I don't
Speaker 1: think there's any roadblocks here. So he's going to get through, guys.
Speaker 1: And I think he's going to help wrap up a
Speaker 1: lot of the loose ends from the bite in Gary
Speaker 1: Genzer Elizabeth Warren regime and their tenure and get some
Speaker 1: of these all coin ETFs approved. Possibly we get the
Speaker 1: full confirmation from the SECA regarding the Ripple lawsuits. Now,
Speaker 1: on that note, with Ripple and XRP and ETPs and
Speaker 1: all coin et apps, Coinbase Institutional today said we're excited
Speaker 1: to announce that Coinbase Derivatives has followed with the CFTC
Speaker 1: to self certify XRP futures, bringing a regulated, capital efficient
Speaker 1: way to gain exposure to one of the most liquid
Speaker 1: digital assets. We anticipate the contract going live on April
Speaker 1: twenty first, twenty twenty five. Stay tuned for additional details
Speaker 1: on launch timelines and availability. So do I necessarily care
Speaker 1: for futures No, you know, that's usually used to short
Speaker 1: the markets. But what has the SEC needed in order
Speaker 1: for spotting ts to be approved? And we saw this
Speaker 1: with Bigcoin and ethereum. They need the futures markets. This
Speaker 1: is the second futures markets that will go live. I
Speaker 1: think Bentnominial is the other one that launched about a
Speaker 1: few weeks back. So this is very good. It bodes
Speaker 1: well for the approval chances of the spot ETFs for XRP,
Speaker 1: and I think the SEC will do it. They'll do
Speaker 1: it for Solana, they'll do it for XRP and others. Guys.
Speaker 1: And one of the things I've been telling you all
Speaker 1: about it's not so much these individual ETFs and their performance,
Speaker 1: it's the basket ETFs. The index Grayscale recently filed to
Speaker 1: have their large cap fund converted to an ETF So
Speaker 1: that's going to drive a lot of inflows in my opinion,
Speaker 1: because it's how the majority of investors, you know, gaining
Speaker 1: exposures to markets. They buy the index, they by the
Speaker 1: S and P five hundred, the NASDAC and much more. So.
Speaker 1: This is really really bullish for the chances of the
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Speaker 1: the description. All right, folks, we got some interesting updates
Speaker 1: around Cardono. So Cardano's Foundation launches a quantum resistant, globally
Speaker 1: interopperable digital identity platform, Ridian. This is interesting and notice
Speaker 1: they said quantum resistant. So this is an open source
Speaker 1: digital identity platform and it's intended for both individuals and organizations.
Speaker 1: Varidian uses open source key event receipt infrastructure, decentralized ideas, entifiers,
Speaker 1: an authentic chained data container, a lot of long words there,
Speaker 1: credentials to verify identities and authenticate online communication. According to
Speaker 1: a release shared with the block Launching alongside Veridian is
Speaker 1: the Varidian wallet, which lets users manage their credentials, private keys,
Speaker 1: and identifiers. Here's a quote. We believe your identity should
Speaker 1: be your secure, authentic and under your control. Thomas A. Mayfield,
Speaker 1: head of Decentralized Trusts and Identity Solutions, that the Cardina
Speaker 1: Foundation told a block With Veridian, it is now possible
Speaker 1: to build quantum resistant, globally interoperable in enterprise grade solutions
Speaker 1: for individuals and organizations. Varidian competes with other blockchain based
Speaker 1: digital identity projects such as whirl and Humanity Protocol, where
Speaker 1: both platforms collect and individual's biometric data to prove their humanity. So,
Speaker 1: just so you guys know, the Cardina Foundation helps support
Speaker 1: the development of the Layer one blockchain Cardano. Varidian will
Speaker 1: serve as an optimal trust layer for the Layer one blockchain,
Speaker 1: so kind of like a Layer two or pseudo Layer two.
Speaker 1: But guys, this is the future, and that is digital identity.
Speaker 1: We've been talking about the token economy. I've been telling
Speaker 1: you guys, they're going to put everything on the blockchain.
Speaker 1: So will your ID is your passports, your driver's license,
Speaker 1: all of that, and you won't have to carry multiple documents.
Speaker 1: It will all be on a digital wallet and you'll
Speaker 1: be able to access different things will be so seamless.
Speaker 1: But of course, as they highlighted here, it has to
Speaker 1: be quantum resistant. So as quantum computing gets more sophisticated
Speaker 1: and it progresses to a point where it's a threat overall,
Speaker 1: not just a crypto blockchain, but the financial system and
Speaker 1: the way we've done things historically, this is where blockchains
Speaker 1: are going to have to become quantum resistant, and the
Speaker 1: developers and different folks are working on this, right because
Speaker 1: remember you know, sometimes people say, oh, what if quantum
Speaker 1: computer comes and shuts this down. Well, the same type
Speaker 1: of computing power that is generating the quantum computing so
Speaker 1: to speak, that's going to be used to run blockchain
Speaker 1: validators and nodes and mining rigs and so forth. So
Speaker 1: people sometimes put blinders on and it's like, oh my god, right,
Speaker 1: it's as though the developers aren't actively using the same technology.
Speaker 1: And look, if quantum computing is a threat, the last
Speaker 1: thing I would be concerned about is blockchain. The banks
Speaker 1: are going to be in trouble. Those are the institutions
Speaker 1: that have all the money right and a custody of
Speaker 1: a variety of assets, so that we would have bigger problems.
Speaker 1: Right what if quantum shuts down our electricity grid or
Speaker 1: this traffic lights and we would have bigger problems essentially
Speaker 1: what I'm trying to say. But I think as the
Speaker 1: technology quantum computing progresses, so will the infrastructure for blockchains
Speaker 1: and the infrastructure that powers our society and how we
Speaker 1: live and travel, and all these things will be upgraded
Speaker 1: as well. So watch out for people who like to
Speaker 1: fear monger and you know, oh my god, quantum is
Speaker 1: going to destroy all these things. As though it's inlive
Speaker 1: to like one source, it's not available in different places
Speaker 1: where you can use the same technology. But I digress.
Speaker 1: But big news here for Cardono. Now we've been talking
Speaker 1: about Avalanche. They've been getting a lot of adoption guys,
Speaker 1: and avax is a native token on Avalanche. I actually
Speaker 1: hold a token in my portfolio. Will they twitted it out? Today?
Speaker 1: A twenty trillion dollar global industry moves to Avalanche. Water WATR,
Speaker 1: the blockchain infrastructure purpose built for a commodities market, is
Speaker 1: migrating to avalanche layer one, bringing metals, minerals, food, and
Speaker 1: fuel into a composable and programmable future. Guys, you know,
Speaker 1: I've been saying NonStop the governments, the markets, and the
Speaker 1: economy will run on blockchain. I'm not bullshitting you. They're
Speaker 1: going to put it all there and blockchain is going
Speaker 1: to power all these things. Guys. So this is why
Speaker 1: this is an opportunity of your life. Now, We're still
Speaker 1: so early, so they said. While massive in scale, the
Speaker 1: commodities industry has yet to fully benefit from blockchain infrastructure
Speaker 1: that can enhance liquidity, broaden access, and drive innovation. The
Speaker 1: Water Protocol is building an on chain foundation to redefine
Speaker 1: how commodities are financed, traded, and governed. Man, it's amazing
Speaker 1: what is happening. And the majority of people in the
Speaker 1: world are not paying attention. They're not doing their research,
Speaker 1: they're not reading up on stuff like this and seeing
Speaker 1: the big industries that are building. But this is the
Speaker 1: nature of markets, right, and those who take the time
Speaker 1: to pay attention are curious and go the next step
Speaker 1: of researching and educating themselves and taking a position in
Speaker 1: the market. Of course, will be rewarded Now some interesting
Speaker 1: news coming out around Senator Ted Cruz. So he introduced
Speaker 1: a bill to incentivize entrepreneurs to use wasted natural gas
Speaker 1: to mind bigcoin. Now we know he's out of Texas.
Speaker 1: There's a lot of bigcoin mining there. But what we're
Speaker 1: seeing is that the use of wasted energy and blow
Speaker 1: off energy is now being used to mind bigcoins. So
Speaker 1: I think once they put it into a law that
Speaker 1: these energy companies can do this, you're going to see
Speaker 1: some of the biggest energy producers do this. And it
Speaker 1: makes sense. They can monetize that wasted energy and use
Speaker 1: it towards mining bitcoin. Fur their secure as a network
Speaker 1: and they can get the monetization right, be able to
Speaker 1: mine bitcoin, hold on to it if they want as
Speaker 1: a reserve asset, or sell it. That's the great thing
Speaker 1: about the decentralized network. Anybody can plug in in mind.
Speaker 1: So really big here for the energy sector. And once
Speaker 1: again things like this not getting mainstream coverage on CNN,
Speaker 1: Fox and things like that. Right, majority of people are
Speaker 1: hyper focused on tariffs, and don't get me wrong, it
Speaker 1: is something we need to pay attention to. Or they're
Speaker 1: hyper focused on celebrity news and this and that and
Speaker 1: gossip instead of paying attention to what the hell is
Speaker 1: happening here now final news which is really big in
Speaker 1: my opinion, and former Binance CEO CZ tweeted out about it.
Speaker 1: He said, Kyrgyzstan crypto adoption one country at a time
Speaker 1: also brought a head of state on two x. So
Speaker 1: Kyrgyz Steyan is adopting crypto guys. So head of the state,
Speaker 1: I'm not even going to try to pronounce his name.
Speaker 1: Sadir zaparov okay I butchered it, he says. A memorandum
Speaker 1: of understanding has been signed between the National Investment Agency
Speaker 1: under the President of the Kerg Republic and Chan Peng
Speaker 1: Zhao CZI. In accordance with the memorandum, the parties intend
Speaker 1: to cooperate in the development of the cryptocurrency and blockchain
Speaker 1: technology ecosystem in the Kirg Republic. This includes providing infrastructural
Speaker 1: technological support, technical expertise and consulting services on cryptocurrencies and
Speaker 1: blockchain technologies, as well as implementing educational initiatives. Huge, guys,
Speaker 1: it is a global movement adoptions happening all over the world.
Speaker 1: Different countries are at different stages. Just the other day.
Speaker 1: I think I acheed with you guys about a month ago.
Speaker 1: Pakistan also, who was getting involved. You know, countries which
Speaker 1: you think wouldn't necessarily be focused on things like that.
Speaker 1: But this is the future and I think a lot
Speaker 1: of these countries are recognizing it. And there's jobs here,
Speaker 1: there's revenue here. But just you can't get left behind here.
Speaker 1: You have to upgrade your systems and integrate blockchain in
Speaker 1: different ways with the government, with the economy, with the markets. Right.
Speaker 1: So it's amazing what's happening in and it's great to
Speaker 1: see cz is offering some consulting here and helping to
Speaker 1: boost crypto and blockchain adoption. So huge, huge news, folks,
Speaker 1: that's the news. Let me know what you think. Leave
Speaker 1: your thoughts and comments below hit the thumbs up button.
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