Speaker 1: Hey, everybody, Welcome into the Thinking Crypto podcast, your home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward
Speaker 1: on your weight in. Please let that subscribe button as
Speaker 1: well as the thumbsup button and leave a comment below.
Speaker 1: If you're listening on a podcast platform such as Spotify
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Speaker 1: we have some very big news coming out from the
Speaker 1: folks at Bloomberg, Eric Balachunis and James Seyfert. Many of
Speaker 1: you know they are ETF analysts at Bloomberg. So Eric
Speaker 1: balachune Is tweeted out get ready for a potential ald
Speaker 1: coin ETF summer with Solana likely leading the way, as
Speaker 1: well as some basket products via James Sayfert note this morning,
Speaker 1: which includes fresh odds for all the spot ETFs. So
Speaker 1: what are the odds that James put out? So for
Speaker 1: the basket slash index ETFs, he has that at a
Speaker 1: ninety percent chance of approval in twenty twenty five and
Speaker 1: that the final SEC deadline is July second, twenty twenty five.
Speaker 1: So could we see the basket ETFs approved first before
Speaker 1: we get you know, these other all coin etops. It's possible.
Speaker 1: We'll have to wait and see. But next up as
Speaker 1: far as deadlines is light coin and this was filed
Speaker 1: by Canary, Grayscale and coin Shares and the deadline is
Speaker 1: October second, twenty twenty five. He gives that a ninety
Speaker 1: percent chance of approval as well. Solana comes in as
Speaker 1: number three with an approval deadline of October tenth, and
Speaker 1: that is filed by all the big players, gray Scale, Vanak,
Speaker 1: twenty one Shares, Canary, Bitwise, Franklin, and Fidelity also at
Speaker 1: a ninety percent chance. Then coming in fourth is XRP,
Speaker 1: also filed by the big players, Grayscale, Bitwise, Canary, twenty
Speaker 1: one Shares, Wisdom, Tree, Coin, Chaars, and Franklin Templeton that
Speaker 1: has a deadline of October seventeenth, twenty twenty five with
Speaker 1: an eighty five percent chance of approval. At number five
Speaker 1: is Dogecoin, which was filed by Grayscale, Bitwise twenty one
Speaker 1: shares has a deadline of up over seventeenth as well
Speaker 1: and has an eighty percent chance of approval. And then
Speaker 1: it goes down the list to Cardona, Polka, Dot, Hbar
Speaker 1: and much more. Those have one or two filers, but
Speaker 1: I think the top five here have the higher chance.
Speaker 1: We'll have to wait to see if Cardinal Polka Dot
Speaker 1: in h Park get approved because they don't have futures
Speaker 1: markets right now. We know the Salona and XRP futures
Speaker 1: markets went live recently, and I've been saying, I've been
Speaker 1: on records saying the SEC probably needs to see a
Speaker 1: good sample size of how that performs. But all the
Speaker 1: respective factors needed for the approval are there, So I
Speaker 1: think we should see some approvals possibly the summer, and
Speaker 1: my hope is it happens this summer versus later in
Speaker 1: the year. But you know, one of the things we've
Speaker 1: been tracking here in the podcast is when we might
Speaker 1: see the blow off top. Can it be the end
Speaker 1: of Q two, you know, going to July or is
Speaker 1: that going to be a local top? And then the
Speaker 1: bull market continues into Q three, Q four where you
Speaker 1: have the ultimate blow off top and could the SEC
Speaker 1: wait till Den and could this be a signal of
Speaker 1: the blow off top? Right, these are the things I'm
Speaker 1: thinking about, And obviously we don't have a crystal ball,
Speaker 1: but we're going to look at what the SEC is doing.
Speaker 1: We're going to look at on chain data, the macro,
Speaker 1: the charts to get an idea of where the top
Speaker 1: zone is going to be. But nevertheless, we are going
Speaker 1: to of course take profits along the way up to
Speaker 1: make sure we walk away from this bull market with
Speaker 1: money in our pockets. But the odds are looking really
Speaker 1: good here for the approvals, like I said for specifically
Speaker 1: solon and XRPI, more concerned with those than like coin
Speaker 1: because those the futures went live as mentioned over the
Speaker 1: past few months. So let's see what happens, folks. And
Speaker 1: here nature racy of the ETF store weight in saying
Speaker 1: noteworthy to see SEC might be expediting approval of spots
Speaker 1: Salona ETFs and staking in ETH and sol ETFs in
Speaker 1: response to recent rex ospray end around. So the other
Speaker 1: big factor is the staking, as I've been saying for
Speaker 1: a long time. When they add staking to the ETH ETF,
Speaker 1: you're going to see inflows skyrocket, folks, because the yield
Speaker 1: will be there. A lot of institutional investors they value
Speaker 1: having that return right, that passive income. So that's going
Speaker 1: to be a strong incentive for ETH because it has
Speaker 1: that yield. And we'll see if the SEC approves that
Speaker 1: this summer as well, along with these other spot ETFs
Speaker 1: now nature RACI also highlighted the following from BlockWorks that
Speaker 1: BlockWorks is reporting that the SEC has asked Perspective, Spot,
Speaker 1: Salon and ETF issues to submit amended s ones within
Speaker 1: the next week. One source estimated these updates could put
Speaker 1: Soul ETFs on track for approval within three to five weeks.
Speaker 1: Said the SEC also appears open to including staking. Now
Speaker 1: this is per sources, right, So we don't know if
Speaker 1: they will actually do this, but I think they may
Speaker 1: do it sooner than later, you know, versus waiting till
Speaker 1: Q four. But who knows, you know, we're just speculating
Speaker 1: at this point. But as mentioned the respect, the factors
Speaker 1: are there, the futures markets are there, so there's no
Speaker 1: reason for the SEC to not approve these or if
Speaker 1: they deny it, right, they're going to get a lawsuit
Speaker 1: like Gary Ginster did and they're going to lose in court.
Speaker 1: Now I don't think they're going to do that because
Speaker 1: this SEC is operating very different from scumback regulator Gary Ginser.
Speaker 1: So folks could be really nice to have the Solana
Speaker 1: and XRP ETFs approved, even the basket ETFs and staking
Speaker 1: added to e ETFs come this summer. That could really
Speaker 1: help the price to rally for these assets as we
Speaker 1: maybe hit a local top or bow off top. We'll
Speaker 1: have to wait and see, but exciting times, folks. Let's
Speaker 1: see what happens as we roll into July. Now a
Speaker 1: great place you can buy XRP Salona bitcoin in all
Speaker 1: the top all coins is on Uphold. This is a
Speaker 1: platform I've been using since twenty eighteen. They have three
Speaker 1: hundred plus cryptocurrencies, they have staking for over nineteen crypto assets,
Speaker 1: and folks, they are safe and reliable. I've never had
Speaker 1: any issues or problems. They are one hundred percent reserved.
Speaker 1: They don't commingle or lend out your crypto funds, and
Speaker 1: you can review their transparency report. It's there for you
Speaker 1: to go take a look at. They have a lot
Speaker 1: of different features and services, and one I really like
Speaker 1: is Uphold Rewards where you can earn up to five
Speaker 1: point two five percent on stable coins and they don't
Speaker 1: do anything shady. They do it the right way. You're
Speaker 1: earning the actual yield. And part of this rewards program,
Speaker 1: if you participate, you get twenty four hour early access
Speaker 1: to tokens that they list. So the stable coins they
Speaker 1: support includes ripples, r L, USD you can earn up
Speaker 1: to five percent there and USBC where you can earn
Speaker 1: up to five point two five percent there. And to participate,
Speaker 1: you simply have to log into the app ones per month,
Speaker 1: deposit fifty dollars once per month, and trade fifty dollars
Speaker 1: once per month. So pretty simple. So if you'd like
Speaker 1: to learn more about the services that Uphold offers, check
Speaker 1: out the link in the description. Now, Folks Wall Street
Speaker 1: Giant Franklin Templeton, they have launched intra day Yield for
Speaker 1: tokenized assets on Benji. Benji's their token ied platform, and
Speaker 1: many of you have seen my interviews with Sandy Call
Speaker 1: of Franklin Templeton. They have trillions of dollars of assets
Speaker 1: under management. They are going all in on blockchain and crypto,
Speaker 1: just like black Rock and Fidelity. So it's amazing to
Speaker 1: see these legacy firms participating in crypto and continuing to
Speaker 1: build and innovate. So Franklin Templeton, an investment management company
Speaker 1: with one point five to three trillion dollars of assets
Speaker 1: under management, has debuted a feature that offers investors yield
Speaker 1: down to the second when holding tokenized assets. According to
Speaker 1: a Tuesday announcement, the intra day yield feature will allow
Speaker 1: investors to accrue yield proportional to the time they hold
Speaker 1: a token is Security, even if it's transferred before the
Speaker 1: day's end. In addition, investors can earn yield on non
Speaker 1: banking days, including holidays and weekends. Folks, you know, I've
Speaker 1: been beating the drum about this for years. Truly global markets,
Speaker 1: no more opening or close bell, no holidays and all
Speaker 1: these things, right, twenty four to seven, trading three hundred
Speaker 1: and sixty five days a year, So this is incredible.
Speaker 1: And of course it's all running on blockchain, so even
Speaker 1: if you don't participate with the token is Security, if
Speaker 1: you hold the native token of the blockchain they're building on,
Speaker 1: you are able to participate and capture value and returns
Speaker 1: based on the adoption. So really incredible stuff. I love
Speaker 1: what they're doing, and this is the future. They're going
Speaker 1: to put everything on the blockchain and create new financial products,
Speaker 1: better financial products than exists today in the traditional market.
Speaker 1: So really bullish news here, and folks today Congress specifically
Speaker 1: the house you know they met to mark up the
Speaker 1: Clarity Act, which is of course the Crypto Market Structure Bill.
Speaker 1: It's a new version of the FIT twenty one those
Speaker 1: pass in the House last year. And Congressman Frendchill, who
Speaker 1: I've had on the podcast many times and I hope
Speaker 1: to have him back on soon, he said, today the
Speaker 1: Financial House Committee and the House Agriculture GOP are marking
Speaker 1: up our Clarity Act, which gives us the market framework
Speaker 1: that will make America the leader in crypto development and
Speaker 1: distributed ledger of financial services. So the good news is
Speaker 1: that the Clarity Act passed out of the House Agricultural
Speaker 1: GOP with a vote of forty seven to six following
Speaker 1: a nearly three hour markup. So it then moved to
Speaker 1: the House Financial Services Committee, and in regards to the
Speaker 1: Agriculture GOP, eighteen Agriculture Democrats voted in favor of the
Speaker 1: text today with six voting against it. So we have
Speaker 1: biparties support. As I've been saying, folks, this is the future.
Speaker 1: Many Democrats are on board, especially that Elizabeth Warren and
Speaker 1: Gary Againster are out of the way. One of the
Speaker 1: things that was holding back many Democrats in last year
Speaker 1: even before the election is Elizabeth Warren was sitting at
Speaker 1: the top of the hill when it comes to financial services.
Speaker 1: They couldn't come out against her. I spoke to many
Speaker 1: Democrat members of Congress and that's what they told me
Speaker 1: off the record. So it's good to see many are
Speaker 1: now free to operate without it being an awkward situation
Speaker 1: because of Elizabeth Warren. Now the challenge, folks is that
Speaker 1: in the House Financial Services Committee, it's going to be
Speaker 1: a bit more tough. Congressman Bill heizinga who I've had
Speaker 1: on the podcast in the past, you know, he said,
Speaker 1: there's a lot of personalities here. Eleanor Tarrett reported on
Speaker 1: this because Maxine Waters she's a part of that, and
Speaker 1: you know she's going to try to do something. Apparently,
Speaker 1: she introduced the first amendment to the Clarity Act titled
Speaker 1: Stop Trump in Crypto Acts. So politics are going to
Speaker 1: play out here. And look, I'm not a fan of
Speaker 1: Donald Trump's meme coin. I'm okay with his kids participating
Speaker 1: in crypto businesses. That's fine, but I don't think they
Speaker 1: should hold up legislation which protects consumers and foster's innovation
Speaker 1: because of that. I think they need to get these
Speaker 1: things through to make sure the industry can flourish. And look,
Speaker 1: they want to play the politics and go after Trump
Speaker 1: after the fact, go go for it, right. I don't
Speaker 1: have a problem with that. That's politics out of my business. Honestly.
Speaker 1: They can fight all day, right, but get the damn
Speaker 1: bill through. That's what we need. It's important. It will
Speaker 1: allow more capital to come into marketing, like I said,
Speaker 1: protect consumers. So things are moving ahead. Also, it's possible
Speaker 1: to stable coin build a Genius Act could get passed
Speaker 1: in the Senate this week, so let's keep an eye
Speaker 1: out for that. That would be just huge for the market.
Speaker 1: This is interesting Congressman William Timmins. He said, I just
Speaker 1: sent a letter to SEC Chair Paul Atkins requesting documents
Speaker 1: on the SEC's inconsistent treatment of eth under Chair Genser
Speaker 1: and the Biden administration. The American people and the crypto
Speaker 1: community deserve transparency as Congress moves forward with the claritiat.
Speaker 1: I'm not sure what they're trying to do here. I
Speaker 1: don't know if this is kind of trying to get
Speaker 1: the SEC to clarify things that happened since even j
Speaker 1: Clayton and Bill Hinman and then which continued under Gainser.
Speaker 1: You know, it's it's kind of strange. I'm actually surprised
Speaker 1: at bringing this up specifically for etherorem but it could
Speaker 1: be because of what Bill Hinman. They're trying to kind of
Speaker 1: fix that retroactively. I don't know, right, but we'll have
Speaker 1: to wait and see. This is very interesting. I thought
Speaker 1: this whole thing was put to bed, but I guess not.
Speaker 1: Let's see what they come up with. I don't know
Speaker 1: what this is about, honestly. Now we've got some interesting
Speaker 1: news coming out from World Liberty Financial. Eric Trump tweeted
Speaker 1: out the following, where it shows that USD one, which
Speaker 1: is the stable coin of We're Liberty Financial, daily trading
Speaker 1: volume has surpassed eight hundred million dollars, overtaking die to
Speaker 1: become the third most traded stable coin after USDT and
Speaker 1: usd C. Very interesting, so it's on the rise. It's,
Speaker 1: you know, not very close to the USDC because USDC
Speaker 1: is at six billion and USDT is at seventy seven billion.
Speaker 1: So clearly Tether's still the King of the hill, still
Speaker 1: has that massive market mover advantage the dominance. It's insane. Now,
Speaker 1: I do believe USDC will catch up as Circle has
Speaker 1: gone public with stable coin legislation on the custom of passing,
Speaker 1: it will allow Circle to do more to compete. So
Speaker 1: let's see not see how this plays out. But you
Speaker 1: know it's interesting that USD one is on the rise.
Speaker 1: Here now, folks, final news item here, Michael Saylor was
Speaker 1: interviewed by Bloomberg, and you know these are signs of
Speaker 1: not the top, but like the top is approaching because
Speaker 1: he was asked about bitcoin and he says the bear
Speaker 1: market is not coming back. Bitcoin is not going to zero,
Speaker 1: It's going to one million dollars. Okay. Saying that bear
Speaker 1: market is not coming back, I think is a big
Speaker 1: fat lie. And look, he's he's kind of in a
Speaker 1: position where now he has to pump his bags. Look,
Speaker 1: a lot of people do it, right, they talk their bags.
Speaker 1: But to say a bear market is not coming back,
Speaker 1: I think is a bit ridiculous. We know all of
Speaker 1: these assets move with the macro. And if you look
Speaker 1: at what happened in twenty twenty three, just as an example,
Speaker 1: as Jerome Powell came in December twenty twenty one and
Speaker 1: said we're raising rates, quantitative tightening is starting. What happened
Speaker 1: to all assets, stock markets and everything. They all went down, right,
Speaker 1: So we've been following how bitcoin moves with global liquidity.
Speaker 1: So if liquidity starts coming out of the market again,
Speaker 1: because it's a cyclical thing, it's going to drop, and
Speaker 1: I believe there's a higher probability of there being a
Speaker 1: bear market, then they're not being one. On one hand,
Speaker 1: I respect Sailor, but I don't like when he does
Speaker 1: stuff like this. And I remember in previous cycles in
Speaker 1: twenty twenty, he was saying, you know, mortgage your house,
Speaker 1: all your house to buy bitcoin, and that's ridiculous. You
Speaker 1: know you're saying that stuff to people and you're going
Speaker 1: to get them hurt. So now he's saying bear market
Speaker 1: is not coming back. Yeah, good luck with that. Markets.
Speaker 1: History has shown us bear markets come back, doesn't matter
Speaker 1: matter what it is. So some people wade in who
Speaker 1: I'm a fan of, like Toby Cunningham of Crypto Tips
Speaker 1: YouTube channel. He says, my goodness, people are going to
Speaker 1: get absolutely slaughtered this coming bear market. Listening to this
Speaker 1: guy Jason Pazino, who has a great channel does amazing
Speaker 1: chart analysis, he says, Sailor can't possibly believe there will
Speaker 1: never be another bear market again, he's now paid to
Speaker 1: say that he's compromised. Interesting take, But like I said,
Speaker 1: I think this is disingenuous. But he's out there pumping
Speaker 1: his bag. He's trying to bring in retail. So what
Speaker 1: you're going to see, folks, as we're going to get
Speaker 1: into the next major rally bitcoin ten million dollars, right,
Speaker 1: all these ridiculous price points, watch out. That's to bring
Speaker 1: in the dumb money crowd. But we're not on the
Speaker 1: dumb money crowd side. We're on the smart money side.
Speaker 1: We've loaded up at the blows, bought the blood on
Speaker 1: the streets, and we're going to sell the euphoria the
Speaker 1: greed zone. So have that profit taking plan. So I'm
Speaker 1: issuing the war learning here. This is a prime example
Speaker 1: of what you're going to start to see. Don't fall
Speaker 1: for it, do not get caught up in it. You
Speaker 1: can watch it, you can you know, make sure you
Speaker 1: listen because it's important to listen and hear what people
Speaker 1: have to say. But validate all these things with the chart,
Speaker 1: the macro, the ONN chain data, and I tried to
Speaker 1: provide you guys with that right and things that signal
Speaker 1: the top sentiment and grandmas and Uber drivers start to
Speaker 1: get so bullish. Right, it's like, oh my god, did
Speaker 1: you see this? Did you buy this? Right? That's the
Speaker 1: time you want to be looking to take profits. So folks,
Speaker 1: just be prepared, be mentally prepared, have that profit taking plan. Folks.
Speaker 1: That's the news. Let me know what you think. Leave
Speaker 1: your thoughts and comments below. A great way you can
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Speaker 1: I appreciate you all and I'll talk to you all
Speaker 1: later