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