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<v Speaker 1>Hey, everybody, Welcome into the Thinking Crypto podcast, your home

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<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward

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<v Speaker 1>on your weight in. Please let that subscribe button as

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<v Speaker 1>well as the thumbsup button and leave a comment below.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a five star rating and review. Folks,

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<v Speaker 1>we have some very big news coming out from the

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<v Speaker 1>folks at Bloomberg, Eric Balachunis and James Seyfert. Many of

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<v Speaker 1>you know they are ETF analysts at Bloomberg. So Eric

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<v Speaker 1>balachune Is tweeted out get ready for a potential ald

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<v Speaker 1>coin ETF summer with Solana likely leading the way, as

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<v Speaker 1>well as some basket products via James Sayfert note this morning,

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<v Speaker 1>which includes fresh odds for all the spot ETFs. So

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<v Speaker 1>what are the odds that James put out? So for

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<v Speaker 1>the basket slash index ETFs, he has that at a

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<v Speaker 1>ninety percent chance of approval in twenty twenty five and

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<v Speaker 1>that the final SEC deadline is July second, twenty twenty five.

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<v Speaker 1>So could we see the basket ETFs approved first before

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<v Speaker 1>we get you know, these other all coin etops. It's possible.

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<v Speaker 1>We'll have to wait and see. But next up as

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<v Speaker 1>far as deadlines is light coin and this was filed

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<v Speaker 1>by Canary, Grayscale and coin Shares and the deadline is

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<v Speaker 1>October second, twenty twenty five. He gives that a ninety

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<v Speaker 1>percent chance of approval as well. Solana comes in as

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<v Speaker 1>number three with an approval deadline of October tenth, and

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<v Speaker 1>that is filed by all the big players, gray Scale, Vanak,

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<v Speaker 1>twenty one Shares, Canary, Bitwise, Franklin, and Fidelity also at

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<v Speaker 1>a ninety percent chance. Then coming in fourth is XRP,

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<v Speaker 1>also filed by the big players, Grayscale, Bitwise, Canary, twenty

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<v Speaker 1>one Shares, Wisdom, Tree, Coin, Chaars, and Franklin Templeton that

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<v Speaker 1>has a deadline of October seventeenth, twenty twenty five with

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<v Speaker 1>an eighty five percent chance of approval. At number five

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<v Speaker 1>is Dogecoin, which was filed by Grayscale, Bitwise twenty one

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<v Speaker 1>shares has a deadline of up over seventeenth as well

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<v Speaker 1>and has an eighty percent chance of approval. And then

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<v Speaker 1>it goes down the list to Cardona, Polka, Dot, Hbar

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<v Speaker 1>and much more. Those have one or two filers, but

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<v Speaker 1>I think the top five here have the higher chance.

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<v Speaker 1>We'll have to wait to see if Cardinal Polka Dot

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<v Speaker 1>in h Park get approved because they don't have futures

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<v Speaker 1>markets right now. We know the Salona and XRP futures

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<v Speaker 1>markets went live recently, and I've been saying, I've been

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<v Speaker 1>on records saying the SEC probably needs to see a

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<v Speaker 1>good sample size of how that performs. But all the

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<v Speaker 1>respective factors needed for the approval are there, So I

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<v Speaker 1>think we should see some approvals possibly the summer, and

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<v Speaker 1>my hope is it happens this summer versus later in

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<v Speaker 1>the year. But you know, one of the things we've

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<v Speaker 1>been tracking here in the podcast is when we might

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<v Speaker 1>see the blow off top. Can it be the end

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<v Speaker 1>of Q two, you know, going to July or is

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<v Speaker 1>that going to be a local top? And then the

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<v Speaker 1>bull market continues into Q three, Q four where you

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<v Speaker 1>have the ultimate blow off top and could the SEC

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<v Speaker 1>wait till Den and could this be a signal of

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<v Speaker 1>the blow off top? Right, these are the things I'm

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<v Speaker 1>thinking about, And obviously we don't have a crystal ball,

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<v Speaker 1>but we're going to look at what the SEC is doing.

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<v Speaker 1>We're going to look at on chain data, the macro,

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<v Speaker 1>the charts to get an idea of where the top

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<v Speaker 1>zone is going to be. But nevertheless, we are going

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<v Speaker 1>to of course take profits along the way up to

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<v Speaker 1>make sure we walk away from this bull market with

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<v Speaker 1>money in our pockets. But the odds are looking really

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<v Speaker 1>good here for the approvals, like I said for specifically

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<v Speaker 1>solon and XRPI, more concerned with those than like coin

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<v Speaker 1>because those the futures went live as mentioned over the

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<v Speaker 1>past few months. So let's see what happens, folks. And

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<v Speaker 1>here nature racy of the ETF store weight in saying

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<v Speaker 1>noteworthy to see SEC might be expediting approval of spots

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<v Speaker 1>Salona ETFs and staking in ETH and sol ETFs in

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<v Speaker 1>response to recent rex ospray end around. So the other

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<v Speaker 1>big factor is the staking, as I've been saying for

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<v Speaker 1>a long time. When they add staking to the ETH ETF,

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<v Speaker 1>you're going to see inflows skyrocket, folks, because the yield

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<v Speaker 1>will be there. A lot of institutional investors they value

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<v Speaker 1>having that return right, that passive income. So that's going

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<v Speaker 1>to be a strong incentive for ETH because it has

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<v Speaker 1>that yield. And we'll see if the SEC approves that

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<v Speaker 1>this summer as well, along with these other spot ETFs

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<v Speaker 1>now nature RACI also highlighted the following from BlockWorks that

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<v Speaker 1>BlockWorks is reporting that the SEC has asked Perspective, Spot,

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<v Speaker 1>Salon and ETF issues to submit amended s ones within

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<v Speaker 1>the next week. One source estimated these updates could put

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<v Speaker 1>Soul ETFs on track for approval within three to five weeks.

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<v Speaker 1>Said the SEC also appears open to including staking. Now

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<v Speaker 1>this is per sources, right, So we don't know if

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<v Speaker 1>they will actually do this, but I think they may

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<v Speaker 1>do it sooner than later, you know, versus waiting till

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<v Speaker 1>Q four. But who knows, you know, we're just speculating

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<v Speaker 1>at this point. But as mentioned the respect, the factors

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<v Speaker 1>are there, the futures markets are there, so there's no

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<v Speaker 1>reason for the SEC to not approve these or if

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<v Speaker 1>they deny it, right, they're going to get a lawsuit

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<v Speaker 1>like Gary Ginster did and they're going to lose in court.

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<v Speaker 1>Now I don't think they're going to do that because

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<v Speaker 1>this SEC is operating very different from scumback regulator Gary Ginser.

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<v Speaker 1>So folks could be really nice to have the Solana

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<v Speaker 1>and XRP ETFs approved, even the basket ETFs and staking

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<v Speaker 1>added to e ETFs come this summer. That could really

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<v Speaker 1>help the price to rally for these assets as we

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<v Speaker 1>maybe hit a local top or bow off top. We'll

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<v Speaker 1>have to wait and see, but exciting times, folks. Let's

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<v Speaker 1>see what happens as we roll into July. Now a

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<v Speaker 1>great place you can buy XRP Salona bitcoin in all

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<v Speaker 1>the top all coins is on Uphold. This is a

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<v Speaker 1>platform I've been using since twenty eighteen. They have three

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<v Speaker 1>hundred plus cryptocurrencies, they have staking for over nineteen crypto assets,

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<v Speaker 1>and folks, they are safe and reliable. I've never had

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<v Speaker 1>any issues or problems. They are one hundred percent reserved.

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<v Speaker 1>They don't commingle or lend out your crypto funds, and

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<v Speaker 1>you can review their transparency report. It's there for you

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<v Speaker 1>to go take a look at. They have a lot

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<v Speaker 1>of different features and services, and one I really like

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<v Speaker 1>is Uphold Rewards where you can earn up to five

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<v Speaker 1>point two five percent on stable coins and they don't

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<v Speaker 1>do anything shady. They do it the right way. You're

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<v Speaker 1>earning the actual yield. And part of this rewards program,

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<v Speaker 1>if you participate, you get twenty four hour early access

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<v Speaker 1>to tokens that they list. So the stable coins they

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<v Speaker 1>support includes ripples, r L, USD you can earn up

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<v Speaker 1>to five percent there and USBC where you can earn

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<v Speaker 1>up to five point two five percent there. And to participate,

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<v Speaker 1>you simply have to log into the app ones per month,

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<v Speaker 1>deposit fifty dollars once per month, and trade fifty dollars

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<v Speaker 1>once per month. So pretty simple. So if you'd like

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<v Speaker 1>to learn more about the services that Uphold offers, check

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<v Speaker 1>out the link in the description. Now, Folks Wall Street

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<v Speaker 1>Giant Franklin Templeton, they have launched intra day Yield for

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<v Speaker 1>tokenized assets on Benji. Benji's their token ied platform, and

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<v Speaker 1>many of you have seen my interviews with Sandy Call

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<v Speaker 1>of Franklin Templeton. They have trillions of dollars of assets

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<v Speaker 1>under management. They are going all in on blockchain and crypto,

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<v Speaker 1>just like black Rock and Fidelity. So it's amazing to

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<v Speaker 1>see these legacy firms participating in crypto and continuing to

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<v Speaker 1>build and innovate. So Franklin Templeton, an investment management company

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<v Speaker 1>with one point five to three trillion dollars of assets

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<v Speaker 1>under management, has debuted a feature that offers investors yield

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<v Speaker 1>down to the second when holding tokenized assets. According to

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<v Speaker 1>a Tuesday announcement, the intra day yield feature will allow

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<v Speaker 1>investors to accrue yield proportional to the time they hold

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<v Speaker 1>a token is Security, even if it's transferred before the

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<v Speaker 1>day's end. In addition, investors can earn yield on non

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<v Speaker 1>banking days, including holidays and weekends. Folks, you know, I've

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<v Speaker 1>been beating the drum about this for years. Truly global markets,

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<v Speaker 1>no more opening or close bell, no holidays and all

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<v Speaker 1>these things, right, twenty four to seven, trading three hundred

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<v Speaker 1>and sixty five days a year, So this is incredible.

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<v Speaker 1>And of course it's all running on blockchain, so even

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<v Speaker 1>if you don't participate with the token is Security, if

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<v Speaker 1>you hold the native token of the blockchain they're building on,

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<v Speaker 1>you are able to participate and capture value and returns

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<v Speaker 1>based on the adoption. So really incredible stuff. I love

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<v Speaker 1>what they're doing, and this is the future. They're going

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<v Speaker 1>to put everything on the blockchain and create new financial products,

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<v Speaker 1>better financial products than exists today in the traditional market.

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<v Speaker 1>So really bullish news here, and folks today Congress specifically

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<v Speaker 1>the house you know they met to mark up the

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<v Speaker 1>Clarity Act, which is of course the Crypto Market Structure Bill.

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<v Speaker 1>It's a new version of the FIT twenty one those

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<v Speaker 1>pass in the House last year. And Congressman Frendchill, who

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<v Speaker 1>I've had on the podcast many times and I hope

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<v Speaker 1>to have him back on soon, he said, today the

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<v Speaker 1>Financial House Committee and the House Agriculture GOP are marking

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<v Speaker 1>up our Clarity Act, which gives us the market framework

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<v Speaker 1>that will make America the leader in crypto development and

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<v Speaker 1>distributed ledger of financial services. So the good news is

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<v Speaker 1>that the Clarity Act passed out of the House Agricultural

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<v Speaker 1>GOP with a vote of forty seven to six following

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<v Speaker 1>a nearly three hour markup. So it then moved to

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<v Speaker 1>the House Financial Services Committee, and in regards to the

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<v Speaker 1>Agriculture GOP, eighteen Agriculture Democrats voted in favor of the

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<v Speaker 1>text today with six voting against it. So we have

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<v Speaker 1>biparties support. As I've been saying, folks, this is the future.

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<v Speaker 1>Many Democrats are on board, especially that Elizabeth Warren and

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<v Speaker 1>Gary Againster are out of the way. One of the

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<v Speaker 1>things that was holding back many Democrats in last year

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<v Speaker 1>even before the election is Elizabeth Warren was sitting at

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<v Speaker 1>the top of the hill when it comes to financial services.

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<v Speaker 1>They couldn't come out against her. I spoke to many

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<v Speaker 1>Democrat members of Congress and that's what they told me

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<v Speaker 1>off the record. So it's good to see many are

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<v Speaker 1>now free to operate without it being an awkward situation

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<v Speaker 1>because of Elizabeth Warren. Now the challenge, folks is that

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<v Speaker 1>in the House Financial Services Committee, it's going to be

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<v Speaker 1>a bit more tough. Congressman Bill heizinga who I've had

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<v Speaker 1>on the podcast in the past, you know, he said,

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<v Speaker 1>there's a lot of personalities here. Eleanor Tarrett reported on

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<v Speaker 1>this because Maxine Waters she's a part of that, and

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<v Speaker 1>you know she's going to try to do something. Apparently,

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<v Speaker 1>she introduced the first amendment to the Clarity Act titled

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<v Speaker 1>Stop Trump in Crypto Acts. So politics are going to

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<v Speaker 1>play out here. And look, I'm not a fan of

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<v Speaker 1>Donald Trump's meme coin. I'm okay with his kids participating

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<v Speaker 1>in crypto businesses. That's fine, but I don't think they

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<v Speaker 1>should hold up legislation which protects consumers and foster's innovation

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<v Speaker 1>because of that. I think they need to get these

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<v Speaker 1>things through to make sure the industry can flourish. And look,

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<v Speaker 1>they want to play the politics and go after Trump

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<v Speaker 1>after the fact, go go for it, right. I don't

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<v Speaker 1>have a problem with that. That's politics out of my business. Honestly.

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<v Speaker 1>They can fight all day, right, but get the damn

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<v Speaker 1>bill through. That's what we need. It's important. It will

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<v Speaker 1>allow more capital to come into marketing, like I said,

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<v Speaker 1>protect consumers. So things are moving ahead. Also, it's possible

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<v Speaker 1>to stable coin build a Genius Act could get passed

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<v Speaker 1>in the Senate this week, so let's keep an eye

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<v Speaker 1>out for that. That would be just huge for the market.

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<v Speaker 1>This is interesting Congressman William Timmins. He said, I just

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<v Speaker 1>sent a letter to SEC Chair Paul Atkins requesting documents

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<v Speaker 1>on the SEC's inconsistent treatment of eth under Chair Genser

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<v Speaker 1>and the Biden administration. The American people and the crypto

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<v Speaker 1>community deserve transparency as Congress moves forward with the claritiat.

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<v Speaker 1>I'm not sure what they're trying to do here. I

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<v Speaker 1>don't know if this is kind of trying to get

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<v Speaker 1>the SEC to clarify things that happened since even j

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<v Speaker 1>Clayton and Bill Hinman and then which continued under Gainser.

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<v Speaker 1>You know, it's it's kind of strange. I'm actually surprised

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<v Speaker 1>at bringing this up specifically for etherorem but it could

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<v Speaker 1>be because of what Bill Hinman. They're trying to kind of

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<v Speaker 1>fix that retroactively. I don't know, right, but we'll have

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<v Speaker 1>to wait and see. This is very interesting. I thought

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<v Speaker 1>this whole thing was put to bed, but I guess not.

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<v Speaker 1>Let's see what they come up with. I don't know

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<v Speaker 1>what this is about, honestly. Now we've got some interesting

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<v Speaker 1>news coming out from World Liberty Financial. Eric Trump tweeted

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<v Speaker 1>out the following, where it shows that USD one, which

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<v Speaker 1>is the stable coin of We're Liberty Financial, daily trading

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<v Speaker 1>volume has surpassed eight hundred million dollars, overtaking die to

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<v Speaker 1>become the third most traded stable coin after USDT and

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<v Speaker 1>usd C. Very interesting, so it's on the rise. It's,

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<v Speaker 1>you know, not very close to the USDC because USDC

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<v Speaker 1>is at six billion and USDT is at seventy seven billion.

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<v Speaker 1>So clearly Tether's still the King of the hill, still

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<v Speaker 1>has that massive market mover advantage the dominance. It's insane. Now,

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<v Speaker 1>I do believe USDC will catch up as Circle has

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<v Speaker 1>gone public with stable coin legislation on the custom of passing,

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<v Speaker 1>it will allow Circle to do more to compete. So

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<v Speaker 1>let's see not see how this plays out. But you

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<v Speaker 1>know it's interesting that USD one is on the rise.

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<v Speaker 1>Here now, folks, final news item here, Michael Saylor was

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<v Speaker 1>interviewed by Bloomberg, and you know these are signs of

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<v Speaker 1>not the top, but like the top is approaching because

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<v Speaker 1>he was asked about bitcoin and he says the bear

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<v Speaker 1>market is not coming back. Bitcoin is not going to zero,

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<v Speaker 1>It's going to one million dollars. Okay. Saying that bear

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<v Speaker 1>market is not coming back, I think is a big

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<v Speaker 1>fat lie. And look, he's he's kind of in a

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<v Speaker 1>position where now he has to pump his bags. Look,

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<v Speaker 1>a lot of people do it, right, they talk their bags.

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<v Speaker 1>But to say a bear market is not coming back,

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<v Speaker 1>I think is a bit ridiculous. We know all of

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<v Speaker 1>these assets move with the macro. And if you look

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<v Speaker 1>at what happened in twenty twenty three, just as an example,

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<v Speaker 1>as Jerome Powell came in December twenty twenty one and

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<v Speaker 1>said we're raising rates, quantitative tightening is starting. What happened

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<v Speaker 1>to all assets, stock markets and everything. They all went down, right,

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<v Speaker 1>So we've been following how bitcoin moves with global liquidity.

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<v Speaker 1>So if liquidity starts coming out of the market again,

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<v Speaker 1>because it's a cyclical thing, it's going to drop, and

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<v Speaker 1>I believe there's a higher probability of there being a

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<v Speaker 1>bear market, then they're not being one. On one hand,

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<v Speaker 1>I respect Sailor, but I don't like when he does

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<v Speaker 1>stuff like this. And I remember in previous cycles in

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<v Speaker 1>twenty twenty, he was saying, you know, mortgage your house,

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<v Speaker 1>all your house to buy bitcoin, and that's ridiculous. You

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<v Speaker 1>know you're saying that stuff to people and you're going

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<v Speaker 1>to get them hurt. So now he's saying bear market

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<v Speaker 1>is not coming back. Yeah, good luck with that. Markets.

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<v Speaker 1>History has shown us bear markets come back, doesn't matter

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<v Speaker 1>matter what it is. So some people wade in who

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<v Speaker 1>I'm a fan of, like Toby Cunningham of Crypto Tips

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<v Speaker 1>YouTube channel. He says, my goodness, people are going to

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<v Speaker 1>get absolutely slaughtered this coming bear market. Listening to this

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<v Speaker 1>guy Jason Pazino, who has a great channel does amazing

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<v Speaker 1>chart analysis, he says, Sailor can't possibly believe there will

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<v Speaker 1>never be another bear market again, he's now paid to

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<v Speaker 1>say that he's compromised. Interesting take, But like I said,

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<v Speaker 1>I think this is disingenuous. But he's out there pumping

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<v Speaker 1>his bag. He's trying to bring in retail. So what

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<v Speaker 1>you're going to see, folks, as we're going to get

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<v Speaker 1>into the next major rally bitcoin ten million dollars, right,

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<v Speaker 1>all these ridiculous price points, watch out. That's to bring

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<v Speaker 1>in the dumb money crowd. But we're not on the

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<v Speaker 1>dumb money crowd side. We're on the smart money side.

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<v Speaker 1>We've loaded up at the blows, bought the blood on

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<v Speaker 1>the streets, and we're going to sell the euphoria the

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<v Speaker 1>greed zone. So have that profit taking plan. So I'm

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<v Speaker 1>issuing the war learning here. This is a prime example

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<v Speaker 1>of what you're going to start to see. Don't fall

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<v Speaker 1>for it, do not get caught up in it. You

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<v Speaker 1>can watch it, you can you know, make sure you

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<v Speaker 1>listen because it's important to listen and hear what people

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<v Speaker 1>have to say. But validate all these things with the chart,

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<v Speaker 1>the macro, the ONN chain data, and I tried to

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<v Speaker 1>provide you guys with that right and things that signal

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<v Speaker 1>the top sentiment and grandmas and Uber drivers start to

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<v Speaker 1>get so bullish. Right, it's like, oh my god, did

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<v Speaker 1>you see this? Did you buy this? Right? That's the

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<v Speaker 1>time you want to be looking to take profits. So folks,

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<v Speaker 1>just be prepared, be mentally prepared, have that profit taking plan. Folks.

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<v Speaker 1>That's the news. Let me know what you think. Leave

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<v Speaker 1>your thoughts and comments below. A great way you can

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<v Speaker 1>support me in the podcast is by subscribing to my

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<v Speaker 1>free email newsletter. It's one hundred percent free. Link will

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<v Speaker 1>be in a description. Check out my book on Amazon,

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<v Speaker 1>it's available in paperback in digital, and my course at

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<v Speaker 1>mycryptocourse dot com. This is a comprehensive course that teaches

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<v Speaker 1>you every aspect of crypto. It's packed with tons of

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<v Speaker 1>value you so check it out. All the links will

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<v Speaker 1>be in the description. Thank you folks for watching and listening.

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<v Speaker 1>I appreciate you all and I'll talk to you all

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<v Speaker 1>later