Speaker 1: Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: Let's quickly take a look at the charts here Bitcoin
Speaker 1: seeing some price action. It went over one hundred and
Speaker 1: fourteen thousand dollars again today and it seems like we're
Speaker 1: on the upside. But I want to issue a caution here, folks,
Speaker 1: because I still see on the weekly chart bears are
Speaker 1: in control. The macde is showing that. So this could
Speaker 1: be a bit of a fake out. It could be
Speaker 1: a dead cat bounce and then we roll over and
Speaker 1: test some lows. I think that might play out now.
Speaker 1: I could be wrong, right because I don't have a
Speaker 1: crystal ball. But I'm just going off the data here,
Speaker 1: not my emotions. You guys know, I'm very bullish macro.
Speaker 1: We're still on track. We're still in a bull market.
Speaker 1: Just we got to be careful. There could be some
Speaker 1: more volatility, some more downside. A quick flush out scared
Speaker 1: a hell out of people, right, this is what the
Speaker 1: whales want to do, shake you out. We find the
Speaker 1: bottom and then we start moving up. But again the
Speaker 1: MACD on that weekly chart for bitcoin worries me. There.
Speaker 1: We are seeing some upside for total three. So this
Speaker 1: is the all coins excluding Bitcoin, etherorem and stable coins.
Speaker 1: So that's a good sign. It's moving away from the
Speaker 1: over soul zone and it's kind of following Ethereum, which
Speaker 1: has been a little bit on the move. XRP has
Speaker 1: been on the move as well, so we're seeing some
Speaker 1: action here from the all coins. Again, we got to
Speaker 1: be careful. Solon is actually showing a lot of strength
Speaker 1: right now. But let's see what the market brings us folks.
Speaker 1: You know, we have to let these things play out.
Speaker 1: We got to get confirmation. Bitcoin dominance continues to show
Speaker 1: weakness as all coins a rising, so that inverse correlation
Speaker 1: is there, So that's a good sign. We know when
Speaker 1: this thing starts collapsing further, we're going to enter the
Speaker 1: next rally. USDT dominance pretty much we use USDT as
Speaker 1: the benchmark for stable cord and liquidity. That is also
Speaker 1: sharing a lot of weakness in As I told you guys,
Speaker 1: once this thing breaks four percent and then even three
Speaker 1: point seven percent, the party will be on here. So
Speaker 1: patience is the key. We're seeing some life, but as stated,
Speaker 1: I don't like what I'm seeing on that big one
Speaker 1: weekly chart, so just keep that in the back of
Speaker 1: your mind. A point. As educated investors, we look at
Speaker 1: different scenarios. There's a possible one more leg down, a
Speaker 1: flush out to scare everybody before we start moving up,
Speaker 1: and everything else is still intact though, So just a
Speaker 1: quick update here on the prices. Now let's jump into
Speaker 1: the news. SEC Chair Paul Atkins says most tokens are
Speaker 1: not securities backs super app platforms, so this is interesting.
Speaker 1: And by the way, I will be interviewing Commissioner Hester
Speaker 1: Perce at my New York studio later this month, so
Speaker 1: I'll go through a lot of these things with her.
Speaker 1: So us SEC Chair Paul Atkins said that most cryptotokens
Speaker 1: are not securities, while outlining a sweeping plan to integrate
Speaker 1: crypto activities like trading, lending, and staking under a unified
Speaker 1: regulatory framework. So that's really great. You get some key
Speaker 1: pillars of the markets, right trading, lending and staking big
Speaker 1: components of the crypto market. He said, it's a new
Speaker 1: day at the SEC. During a keynote address at the
Speaker 1: Organization for Economic Cooperation and Development roundtable in Paris on Wednesday,
Speaker 1: he says policy will no longer be set by ad
Speaker 1: hoc enforcement actions. He added, contrasting the previous administration's aggressive
Speaker 1: crackdown on crypto firms. We will provide clear, predictable rules
Speaker 1: of the road so that innovators can thrive in the
Speaker 1: United States. And you know, he talked a bit more
Speaker 1: about Project Crypto and so on and so forth. But
Speaker 1: I like that they're working on the unified framework for lend, things,
Speaker 1: taking and trading. So this is really great. And as mentioned,
Speaker 1: I will speak to Commissioner hester Purs a bit more
Speaker 1: about this, and I hope to get Paul Atkins on
Speaker 1: at some point as well. Now, the SEC continued their
Speaker 1: delays of these ets, and we talked a lot about
Speaker 1: it yesterday that this doesn't come as a surprise deadline
Speaker 1: in October, and specifically for Salon and XRP, and they've
Speaker 1: delayed the black Rock, Franklin, Templeton Crypto ETF decisions. So again,
Speaker 1: nothing new here, and I think October is when we
Speaker 1: have to watch these things, and it could be that
Speaker 1: they're waiting on the market structure to clarity, act to pass.
Speaker 1: I don't know, but I will ask Commissioner Hester first
Speaker 1: when I interview her later this month. Now, speaking of
Speaker 1: Franklin Templeton, big announcement, folks, Franklin Templeton announced a wide
Speaker 1: ranging partnership with Binance. So you have finance the world's
Speaker 1: largest crypto exchange partner, one of the TRATFI Wall Street
Speaker 1: giants where trillions of dollars have assets on their management.
Speaker 1: This is not necessarily a partner that and many of
Speaker 1: us saw on the radar. So very bullish here, and
Speaker 1: I'm curious to see what they come up with. I
Speaker 1: most recently interviewed someone from Franklin Templeton a couple months ago.
Speaker 1: So let me give you guys some details. Binance, the
Speaker 1: world's largest crypto exchange by trading volume, has entered into
Speaker 1: a partnership with US crypto exchange traded fund provider Franklin Templeton.
Speaker 1: Binance and Franklin Templeton are collaborating to explore tokenization of
Speaker 1: securities combined with a global trading infrastructure the Crypto Exchange
Speaker 1: announce on Wednesday. Here's the quote. Our goal is to
Speaker 1: take tokenization from concept to practice for clients to achieve
Speaker 1: efficiencies in settlement, collateral management, and portfolio construction at scale,
Speaker 1: said Roger, based in Franklin, Templeton's head of digital Assets.
Speaker 1: Following the partnership, Finance expects to unveil security tokenization products
Speaker 1: later this year. So, folks, we're seeing the tokenization race
Speaker 1: heating up here. You have exchanges such as your coin
Speaker 1: based finance crack in all launching to organized stocks, and
Speaker 1: then you have the trad fy institutions looking to help
Speaker 1: them do that, and not only tokenized stocks, but money
Speaker 1: market funds and much more. And eventually they're going to
Speaker 1: branch out to other things like gold and other precious metals.
Speaker 1: And I believe real estate, but I think the stock
Speaker 1: and money market funds and these things are the easier
Speaker 1: assets to tokenize because there's a huge demand there. They
Speaker 1: are already trade digitally, you know, through brokerages, but you know,
Speaker 1: tokenization is going to change what you can do with
Speaker 1: them and open up the market to many folks around
Speaker 1: the globe. So this is a huge partnership and a
Speaker 1: very bullish sign again, a Wall Street giant partnering with Binance.
Speaker 1: You couldn't imagine this headline two three years ago, right
Speaker 1: because Binance was getting sued and it was a whole
Speaker 1: bunch of food and a whole bunch of dark clouds
Speaker 1: hanging around Binance. And now it's a new day. It's
Speaker 1: pretty amazing what's happening, folks, quickly from our sponsor, and
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Speaker 1: Link will be in the description. Now, folks, we've got
Speaker 1: some drama here brewing between the CFTC chair potential chair,
Speaker 1: which is Brian Contents. He's Trump's pick. If you recall,
Speaker 1: I had Brian Contents on the podcast many years ago,
Speaker 1: two times. Actually he was a CFDC commissioner. He went
Speaker 1: to work for a sixteen Z and then he got
Speaker 1: nominated to be the CFDC chair. But apparently he's been
Speaker 1: getting blocked by the Winklevoss twins, And today Brian released
Speaker 1: a bunch of screenshots of text between messages between him
Speaker 1: and Tyler Winklevoss, and it kind of shows that he's
Speaker 1: the Winkle Boss Twins are kind of doing things the
Speaker 1: wrong way here, and Brian's been trying to be transparent, saying, hey, look,
Speaker 1: I can't do anything until we have the confirmation as
Speaker 1: a chair. Let's talk. And I've been hearing rumblings that
Speaker 1: the winklebas Tuents are one of the folks who have
Speaker 1: been blocking his nominations. So things are getting a little
Speaker 1: bit messy here. I don't know what's going on with
Speaker 1: the Winkle bos t Wins Tyler and Cameron, but it
Speaker 1: doesn't look good from the text messages and the things
Speaker 1: that were posted here. So you can go check this
Speaker 1: out on x and on Brian Canton's account. And the
Speaker 1: funny thing is Brian released this Fridays when the Winkleboss
Speaker 1: Twins Gemini Exchange is going to do an IPO. So
Speaker 1: this is getting pretty crazy. So just heads up, this
Speaker 1: is happening. I do hope Brian gets the job. He's
Speaker 1: certainly a demand for the job. He knows the crypto industry.
Speaker 1: He worked at the CFTC. We need to get a
Speaker 1: chair in there. And look, Caroline fam the acting chair
Speaker 1: has been doing an amazing job, but you need to
Speaker 1: have an actual chair who's confirmed to get things rolling
Speaker 1: or we're going to be stuck in limbo in many
Speaker 1: ways in regards to what's happening the CFTC. So pretty messy, folks,
Speaker 1: all right, Moving ahead. Sub Saharan Africa third fastest growing
Speaker 1: region for crypto adoption. Crypto is a global acid class
Speaker 1: and we are seeing the adoption happening globally. Just this
Speaker 1: week we talked about Kazakhstan and many other countries. Is
Speaker 1: just amazing what's happening. So this is a report from
Speaker 1: blockchain data firm Chain Analysis. The report underscores the region's
Speaker 1: emphasis on real world crypto use case is in face
Speaker 1: of currency devaluation, lack of traditional finance rails, and other challenges.
Speaker 1: According to the report, sub Saharan Africa received two hundred
Speaker 1: and five billion dollars in on chain value between July
Speaker 1: twenty twenty four and June twenty twenty five. The on
Speaker 1: chain value received is up fifty two percent compared to
Speaker 1: the previous report period and makes the region the third
Speaker 1: fastest growing for adoption behind Asia Pacific and Latin America. Folks,
Speaker 1: I've been telling you all be patient. The infrastructure is
Speaker 1: being built, and many folks in many of these countries
Speaker 1: who don't have access to proper financial services, they're going
Speaker 1: to be able to do it just from their smartphone,
Speaker 1: their wallet, getting stable coins, tokenized assets. So things are
Speaker 1: heating up here. The bridges are being built across the globe.
Speaker 1: And you know, I'm not just thinking about Okay, I
Speaker 1: can make money because more people are coming on board,
Speaker 1: but really, you know, it's going to open up and
Speaker 1: change people's lives, and that's I think the number one
Speaker 1: priority here that the technology brings value and benefits to people.
Speaker 1: And obviously, as we've talked about Metcap's law, the more
Speaker 1: participants on the network, more valuable becomes and things like that.
Speaker 1: So this is really great to hear and very bullish, folks.
Speaker 1: This is what you want to see as an investor
Speaker 1: in this acid class. As we are very early, things
Speaker 1: are moving in the right direction. Here's another example of adoption.
Speaker 1: Pop Culture Group buys thirty three million dollars and bitcoin
Speaker 1: plants to expand into entertainment related crypto treasury holdings. So
Speaker 1: I've never heard of Pop Culture Group, but they're a
Speaker 1: publicly traded company. Their ticker symbols c POP. So this
Speaker 1: is interesting. So according to an announcement on today, the
Speaker 1: firm has completed its first purchase of three hundred bitcoin
Speaker 1: worth thirty three million dollars. This is the first step
Speaker 1: towards Xiamen, China based firm's attempt to create a diversified
Speaker 1: cryptocurrency fund pool, which will include assets like bitcoin, ether,
Speaker 1: and an all coin called bot. Never heard of bot.
Speaker 1: According to a statement, the company will be guided by
Speaker 1: four main criteria when determining whether to invest in a token,
Speaker 1: including a token's high investment value and growth potential, and
Speaker 1: strategic corporate alignment. It also will consider promising cryptocurrencies in
Speaker 1: Web three pan entertainment track and projects managed by high
Speaker 1: quality artists. Here's a quote. Our strategic cryptocurrency investment marks
Speaker 1: the beginning of a vision to build not only a
Speaker 1: pan entertainment platform, but a global Web three pan entertainment
Speaker 1: super ecosystem. Pop Culture Group CEO Huang Zuquin said in
Speaker 1: a statement, here's a quote. Entertainment will transform from disposable
Speaker 1: emotional experiences into sustainably appreciating digital assets. Very bullish, folks
Speaker 1: see the movement that's happening globally with digital asset treasury companies,
Speaker 1: folks buying crypto as a reserve asset adoption coming from
Speaker 1: different industries, right, And no one saw the entertainment industry
Speaker 1: getting involved, but they're getting involved, So don't be surprised.
Speaker 1: We see the healthcare and much more. Things are moving
Speaker 1: in the right direction. As I said earlier, so be patient.
Speaker 1: I am bullish. This acid class is still relatively young
Speaker 1: compared to other assets, so there's money to be made
Speaker 1: in multiple cycles here, not just this one, but you
Speaker 1: know the next one twenty eight to twenty thirty. 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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Speaker 1: Check out my book on Amazon it's available in paperback,
Speaker 1: in digital, and my course at mycryptocurse dot com. Folks,
Speaker 1: thank you so much for watching and listening. I appreciate
Speaker 1: you all, and I'll talk to you all later