BANKS MAY WIN STABLECOIN YIELD BATTLE AGAINST CRYPTO!

So the New York Times, massive mainstream media publication, right, they put out an article today titled crypto is pointless. Not even the White House can fix that. Folks. If you know market psychology and the cyclicality of markets, and when people turn bearish, and when mainstream media is putting out the worst of the worst things about crypto, you

know how bullish that is. These are things that appear at the bottom of bear markets, right when they're writing off Bitcoin saying it's dead, crypto' is useless and all that. This is where you turn bullish, right, you want to be a contrarian to the herd to the mainstream. And look at where this is being published. So don't be surprised if you see more of this, right, and we saw it in twenty twenty two Right Time Magazine with the asteroids crashing to the earth. Crypto has crashed, and

all types of things even in twenty eighteen. Right. This is part of this cyclical pattern of market. So once you see it, you can't unsee it, because then you become a contrarian to the herd and to the masses. You're not part of the group that just listens to Jim Kramer, right, You're doing the opposite. So this is very bullish, and we know we are at a cusp

of a major relief rally. Now that doesn't mean Bitcoin can dip into the fifty thousands before we rally, So we're just going to have to wait and see how the market plays out. Or it could be that bitcoin has already found its local bottom here and then it pumps with a major relief rally to eighty to eighty five k or possibly higher, and then maybe it rolls over to lower lows. Those are the scenarios. No one has a crystal ball, so we can't know definitively say

this is the exact thing that's going to happen. But we want to look at the different scenarios and then wait to see what the market shows us. Now, some

data that's backing up the potential for a relief rally coming is that bitcoin's one hundred BTC club edges toward twenty thousand wallets in a bullish sign. So data from Saniment shows that bitcoin is on the verge of surpassing twenty thousand wallets with at least one hundred bitcoin, an indicator that could signal healthy market dynamics, according to cryptoanalytics platform Sentiment. Now this morning I publish my interview with Brian from Santiment, so make sure you guys check that out.

But as of Thursday, there were nineteen nine hundred and ninety three unique wallets holding one hundred bitcoin or more, worth roughly six point seven million dollars per wallet. At the time of publication. Saniment anticipates that the milestone could be reached by Friday, so that's tomorrow. Here's a quote. If the number of one one hundred plus BTC wallets is growing, that suggests distribution across more large holders rather

than a small group controlling everything. It is an important signal for bitcoiners as it reduces the perceived risk that a small number of whales can significantly swing prices. So the whales have been accumulating. We're also seeing the retail wallets start to fall a bit, so that's a very good sign. That's the setup that has preceded major rallies, So whales start accumulating as retail capitulates. It's the same story over and over once again. You see it, guys,

you can unsee it. So this is where we want to follow the data and the charts and more. Now

here's some very big news from meta Mask and MasterCard. So METAMSK and MasterCard partner to launch the US meta Mask Card with first time availability in New York. Meta Mask Card introduces a premium metal tier, MusD cash back and seamless spending. At one hundred and fifty million plus MasterCard merchants worldwide. This is a huge partnership. We know Consensus, which works on etherorem has. They are the developers of metamass, which is one of the top crypto wallets out there.

So look who they're partnering with MasterCard right in one of the major credit card companies. So pretty incredible. And MasterCard is doing a lot with crypto. Many of you may recall my interview with Mastercard's head of digital Assets from last year, and I'm trying to get him back on the podcast to talk about these things. But pretty incredible, right, the infrastructure being set up for people to come on chain, into Web three and to adopt crypto and utilize crypto.

So this is very, very bullish. Now here's some more bullish news. Indiana passes HB ten forty two, requiring state

retirement plans to offer crypto investment options by July twenty twenty seven, pending governor's signature. The bill protects bitcoin investor rights, bans discriminatory crypto taxes, and restricts agencies from prohibiting payments self custody or mining. So we're seeing a lot of states across the US are embracing crypto. They're launching their own bitcoin reserves. Usually they're buying like the bitcoin ETFs from black Rock and other trusted institutions. But the ball

is rolling here, guys, game theories playing out. No one wants to get left behind. We're seeing Arizona and many others and a handful of states have already got their bills passed and they're already buying bitcoin, and three of the ETFs and things along those lines. So very very bullish now, folks quickly from our sponsor. This episode is brought to you by AINI Gold. AINI Gold allows regular people to be able to partake in the gold mining process.

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the battle continues between the banks and the crypto industry over stable coin yield. I've shared my thoughts at nauseum with you all. I believe that we as individuals have the right to go to any platform we want, whether that be coinbaseed Upholder, others, to earn yield on our stable coins. Because many of the banks are giving you next to nothing breadcrumbs in your savings accounts zero points

zero one percent. Right, they pocket the majority of the interest they're earning on your capital and they give you next to nothing. Well, that is a big thing that's holding up the Claritiac because the banks are saying, hey, no, no, no, we need to relitigate the Genius Act. We need to make sure that this provision is in the Clarityact. That doesn't allow you know, these platforms to be doing this because we're worried about bank runs. Like, yeah, get out

of here, right. The bank should compete, They should launch your own stable coins, or simply increase the interests they offer to consumers. But we know they want to keep those big bonus checks, right, how we don't want to give you. They don't want to give you any money, guys. So first, you've got an article here saying that US lawmakers revisit stable coin yields amid deposit flight concerns. So some senators warned that stable coin yields could blur the

line between crypto products and traditional bank deposits. Senator Tom Tillis said he will seek an independent assessment from regulators on deposit flight risk. However, the occ right away just introduce some rules that would governance they coins, including apparent limits on rewards that may affect platforms like coinbase. So this is not good. You know, the banks seem to be winning here in this battle that we're seeing. I

do believe they have to come to some compromise. And it's not a done deal yet, right, because there's probably going to be more meetings between the crypto industry and the banks. But let me give it the details about what the OCC is doing. So, the crypto industry is digging through a lengthy stable coin proposal from the USOCC, but the first impression suggests it could hamper crypto platforms,

stable coin rewards programs. The banking regulator pitch the rulemaking to implement the Genius Act, but crypto insiders are saying they'll have to fight what the agency came up with. This emerging regulatory dispute further complicates negotiations over these Senate long awaited Clarity Act that's meant to regulate the overall US crypto markets. So again, this is kind of a win for the banks, but it's not a done deal, right. We haven't got to the compromise yet. But if the

OCC is doing this, man, it's good. I don't know. I don't know how we come out. It could be that there's some sort of pause on stable coin rewards or limit or whatever. It is, but we're gonna have to wait and see. But nevertheless, Jamie Diamond and the banksters are winning here, so we're gonna have to keep fighting.

Let's see what the crypto industry comes up with. I'm sure there's a lot of folks, especially like the Blockchain Association, the Digital Chamber and others, are gonna start fighting big time. But I'll update you guys as things progress. Okay, moving ahead,

Flare and Zaman unlock one click DeFi access for over two billion XRP sitting idle in wallets. So many of you know, I'm a Flare token holder. Flares of course enabling DeFi for XRP, Bitcoin, doche coin, and other assets. So a new integration between the Flare blockchain and the Zamon wallet aims to unlock more than two billion XRP tokens for defile use by reducing complex cross chain steps

to a single transaction on the XRP ledger. The system uses f assets to create a wrapped version of XRP on Flair smart accounts to abstract away separate wallets and gas tokens and zimon as the front end, so users can access DeFi vaults without leaving their existing wallet. Vault strategies managed by Upshift and curator Clearstar seek to channel growing speculative interests in XRP evidence by rising f XRP supply, staking activity and recent price and ETF inflow gains into

lending collateral and structured product yields. So this is very big for the XRP token. I have not personally done any of this yet. I do plan to explore. Now I'll let you guys know if I do put some of my XRP to work here, in DeFi to earn rewards and yield and so on and so forth. But it's great to see progress being made here to make that process easier. So again I will let you guys know what steps I take here. Okay, Grant cardone, which

I'm sure many of you may know, he's very big in the real estate industry, and he's actually very bullish on bitcoin. His company has been buying bitcoin and putting on their balance sheet. Well, he plans to tokenize his firm's five billion dollar real estate portfolio. So, whether you like the guy or not, this is huge adoption and a sign of things to come. You know, we've talked a lot about all the different asset classes that are going on the blockchain. In real estate is the world's

largest acid class. It will be tokenized, guys. So Grant Cardone said his firm is preparing to tokenize it's five billion dollar real estate portfolio. The move follows cardone Capitals, bitcoin purchase and wider push into digital assets. So this is very big, you know. And we often talk about game three. You just need one player or a couple and then the others follow suit, right, So this is a very positive sign. And speaking of tokenization, Bloomberg extends

financial data to twenty five billion dollar tokenized markets via Caiico. So the details here is that Bloomberg is collaborating with Caiico, a powers based digital asset market data provider, to make Bloomberg's license financial data accessible directly within blockchain environments rather than through traditional off chain databases. Folks, like I've been saying ad nauseum, the future markets, economies, and governments will

all run on blockchain rails. And we're seeing the building out of the infrastructure right now, the on and off rams, the tools, the things that are needed to have data and information and currency and assets and all these things to flow and have interoperability. So we're in that building phase. So the company said Thursday that the initiative is designed to address the challenge of inconsistent data across tokenized markets.

In many tokenized asset ecosystems, companies may rely on different versions of pricing data, security identifiers, or reference information, increasing the risk of discrepancies and operational inefficiencies. So by enabling a common, licensed data source to be embedded on chain, the collaboration aims to ensure that market participants reference this same data set, potentially reducing reconciliation disputes and improving data integrity.

That's the power of the blockchain, folks. Very bullish news. Okay, look at this. Deutsche Bank backed all Unity launches a

Swiss frank stable coin, THECHFAU. So everybody across the globe we're launching some form of digital currency, whether that be a stable coin, a CBDC, or a tokenized deposits. So you're seeing the banks, the stock exchanges, the biggest institutions in the world. So after introducing its europegged stable coin last year, all Unity is rolling out c HFAU, a stable coin pegg one to one to the Frank the company said in an announcement shared with coin Telegraph on Thursday.

So initially available to institutional and professional investors, c HFAU launches on the Ethereum blockchain as an ERC twenty token, with plans to expand to additional networks later this year. This is what we've seen companies start with Etherereum and then they branch out to other chains because it's going to be a multi chain world and you need to have interoperability between the different chains. So this is the playbook we've been seeing, you know, start with black Rock

doing this with their token iceed ones. But again, guys, look who's involved. Deutsche Bank. I mean, come on, right, some of the biggest names in the world. And this is not making major headlines on Fox or CNN and all these things. But if you're paying attention, you just see the building, and of course you see they're building

on the ethereum chain. So again, as an investor, you look at that and say, okay, I'm going to take a bet on the ether token because the adoption it's getting, the utility and all these things being built on it. Final news item here SEC approval sought for gto soul

Salana based liquid steaking token ETF. So we're seeing all types of different ETFs being launched for crypto assets, which is very good. So the NASDAQ has filed a proposed rule change to list the van k g TOO Soul ETF, a fund designed to hold the Salana based liquid steaking token GTO soul. Liquid steaking allows users to steak tokens to help secure a proof of steak network while receiving a transferable token in return that represents the steak assets

and accrude rewards. G TOO Foundation president Bryan Smith told coin Telegraph that if the fund is approved, steaking rewards would not be distributed separately, but instead reflected in the fund's net asset value. So big news here, and this

is of course running on the Salona blockchain, guys. So you're just seeing all types of unique ETF and financial products being built for cryptos, with cryptos becoming financialized, and you know, all the things, the bells and whistles and these financial products that existed for the trad fire world are now being brought to crypto. So the acid class is maturing, folks. That's the news. Let me know what you think. Leave your thoughts and comments below. Hit the

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