HUGE! CRYPTO IN 401KS MAKES PROGRESS! CARDANO MIDNIGHT LIVE & ELON MUSK BITCOIN! - podcast episode cover

HUGE! CRYPTO IN 401KS MAKES PROGRESS! CARDANO MIDNIGHT LIVE & ELON MUSK BITCOIN!

Mar 31, 202619 min
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Episode description

Crypto News: U.S. rule change may open trillions in 401(k) funds to crypto. Charles Hoskinson debuted Midnight, a privacy-focused blockchain built on Cardano. Elon Musk tweets Bitcoin meme video. Brought to you by Azza Miner https://azzaminer.com/login.php?ref=TNHQY3

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⏰ Time Stamps ⏰
00:00 Intro
00:38 Bitcoin analysis
02:01 Elon Musk Bitcoin
04:45 401k Crypto news
08:52 Cardano Midnight live
10:39 Mitsubishi JPMorgan blockchain
12:00 Swift Blockchain
13:43 Midas Tokenization $50M
15:26 Stablecoin Visa & Mastercard cards
16:44 Chainlink Anchorage Crypto Midterm elections 

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#Crypto #Cardano #Bitcoin #ElonMusk #CryptoNews #Cryptocurrency #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #Altcoins #NFTs #Metaverse #Podcast #ThinkingCrypto ================================================= 
The Thinking Crypto Podcast is your home for the best Crypto News and Interviews - crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, altcoin daily, cryptosrus, coin bureau, altcoin news, bitcoin today, markets, investing ================================================= 
Disclaimer - The Thinking Crypto podcast and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice. Note that links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!

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Transcript

Intro

Speaker 1

Hey everyone, Welcome into the Thinking Crypto podcast. You're home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in. Please sit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Folks, As you can probably see those of you watching on YouTube and rumble, I am not in my studio. I'm

actually in Washington, DC. I'm recording from a conference room. But we got very important news that you need to know about. To make sure you watch and listen to the end. Okay, folks, let's start with the price of bitcoin,

Bitcoin analysis

because of course there was a big pullback. Bitcoin currently sitting at just over sixty six thousand dollars. So are we heading lower. It's not one hundred percent confirmed as yet. Yes there are bear signals. Yes it looks like bitcoin's breaking out of the bear flag, but it is not in the over soul zone as yet, so there's still an opportunity for to move higher. And the other factor I'm looking at is that the stock market. You look

at the S and P five hundred and Nasdaq. They're approaching levels of being oversold and even support levels that we've seen in a past where we could have a very strong bounce. Now that's not guaranteed. I think many of you know, we talk about different scenarios and what's the probability of them playing out. So I'm mainly looking at the stock market to be an indicator here for

what crypto may do. So if the S and P five hundred and so forth the bounces, maybe over the next couple weeks or so, we could see Bitcoin continue its relief rally. Again, this is not a move to new all time highs, so we're going to see Bitcoin do its move and then all coins will follow. Now that could all be invalidated with some sort of negative news coming out about and Ran or much more. So,

we are in very volatile times. But you know, looking at the charts with the S and P five hundred in the oversoul zone, I'm anticipating a bound sooner than later, and I hope that will work out well for crypto. Now, something that's interesting, Elon Musk appears to be starting to

Elon Musk Bitcoin

talk about bitcoin and crypto. Again, we've seen this before. This is nothing news. Someone tweeted at him saying, Hey, Elon, can you ask groc to animate some sort of picture here with an anime character with bitcoin with Bigcoin's logo in the bag? And he did it. And you know, Elon is very calculated, So that's why I'm sharing this

news with you. We know that he does not tweet or say things without some sort of an agenda behind it or some motive, right, So the fact that he's starting to dabble a bit more into bitcoin conversation is something to pay attention to, especially as x is planning to launch its different payment systems and you know Elon's vision for exes to make it the we chat for

the United States, So something to pay attention to. In addition, if we look at what big players are doing, they are accumulating, and here we have news that Trump backed American Bitcoin hits seventh thousand bitcoin as holdings expand rapidly. Now you got to ring between the lines here. Remember Trump and his family, whether you love them or hate them, they're about making money. And the fact that they are continuing to mind bitcoin, they're holding the bitcoin they're mining,

even in the bear market. They're not selling guys, means they are anticipating higher prices, and I'm sure they're gonna wait for new all time highs to start taking their profits and so forth. So American bitcoin reserves reach seven thousand bitcoin, roughly tripling in under seven months, so very very interesting, even though the price of American bitcoin stock is not doing well. But the point is they're not even selling anything, they're just holding, so that is something

to pay attention to. And on the ethereum front, Bitmine makes the biggest ether purchase in twenty twenty six, while other digital asset treasuries pull back. So Tom Lee's ethereum treasury bought more than seventy one thousand eight over the past week, wow, remaining the sole large corporate crypto buyer

as strategy broke it's thirteen week bitcoin purchase streat. Now a lot of people are saying a lot of stuff about Michael Saylor's strategy, about how they stop buying, But they've done this on a like the end of quarters. They'll pause, right, so we're wrapping up Q one here. He'll probably start again in mid April or something along those lines. So nothing to read into there is just simply the whole reporting schedule and much more. Now, speaking of eth, be sure to check out my interview with

Joseph Shalom, CEO Sharplink. He's a former black Rock executive. He was heading up BlackRock's crypto initiative. He helped him to launch that, and he's heading up a Sharplink, which is an e theorem treasury company. So that interview was published earlier today, so be sure to check it out. Now. The big news of the day, in my opinion, is

401k Crypto news

the Labor Department today proposed the following an executive order from President Trump that directed regulators to expand access to digital assets and retirement portfolios. So, if we recall it, President Trump signed the Eggs Scative Order to open up for one case to invest in alternative assets. Now that's not just for crypto, it's and other items as well. But obviously we're a crypto podcast, so we're going to

talk about the crypto aspect. And many people still don't have access to crypto in their retirement, so this would absolutely bring in tons of capital. So the US Department of Labor has proposed a rule, prompted by an August executive order from President Donald Trump, that would make it easier for for one K plans to include alternative assets

such as cryptocurrencies, private equity, and real estate. If adopted, the rule would mark a shift from traditional stock and bond focus for one case, by allowing plan providers to add a broader mix of assets, including digital tokens and private market funds. Supporters say the change could improve diversification and reflect how people already invest outside of retirement accounts, while critics like Senator Elizabeth Warren warn it could workers

to higher risks, fees, and potential losses. So again, this will be a massive on ramp for crypto as well as other assets. Now. Senator Cynthia Lumus weigh in on this news, saying, once again, President Trump is delivering for the American people. This landmark rule tears down bureaucratic barriers by putting digital assets on equal footing with every other acid class, hardworking Americans can finally build real wealth in

their retirement accounts. So this is huge, folks, And as mentioned, it's a huge on ramp to allow more capital to come into the acid class. Now, folks, here's a quick word from our sponsor. This episode is brought to you by as a minor. We know crypto has been in a bear market. It's been pretty tough, and the strategy you want to employ while holding your assets is looking at how you can put them to work to get some sort of return, some sort of yield and rewards.

Well as is giving you the opportunity to get access to bitcoin mining and earn passive rewards. So it's focused on simplifying bitcoin mining. You're not buying any machines, you're not buying hash rate, but as US doing the heavy lifting when it comes to the mining, and you can earn a share of the daily mining rewards. So a great option for this bear market to accumulate the rewards

and grow it over time. So you're getting exposure to mining rewards and you don't have to do any setup, you don't have to incur high electricity costs and much more. And as far as returns, the platform is showing a daily profit of one point two percent to one point five percent. Now that's what's advertised, but there's no guarantee here, and high returns always need scrutinies, so you want to make sure you do your research and go through everything here.

But there's certainly the opportunity to earn. As with all things, there's going to be ebbs and flows depending on when mining operations are done, the hash rate, and much more. But again in this bear market, it is a better option than just having your assets sit there. So as A is integrating solar power and AI for efficient bitcoin mining, so they're doing things that are environmentally friendly. And again they're taking on the heavy load here and giving the

opportunity to participate. So if you'd like to participate, it's very easy to sign up and there's no technical knowledge required. You simply have to sign up, deposit your crypto, use the calculator and choose the hash rate, activate your mining, earn the daily rewards, and you can withdraw any time or reinvest. And they also have a referral system where you can get ten percent cash back on referrals. So again, folks, as we go through this bear market, this is a

great option. It's not risk free, but it's an alternative angle than just holding. So if you'd like to learn more, to go to asamminer dot com. The link will be in the description. Okay, moving ahead, Charles Hoskinson's two hundred

Cardano Midnight live

million dollar bet midnight goes live to tackle Crypto's biggest flaws, so Cardano. There hasn't been too many new updates around Cardona recently, but this is a big one. So Charles Hastenson debuted Midnight, a privacy focused blockchain built on Cardano that he says addresses Crypto's core usability and data exposure flaws.

Midnight uses a hybrid model and selective disclosure so users and businesses can prove facts about themselves without revealing underlying personal data, aiming to make blockchain feel like a simple, modern app. Now, folks, we've talked a lot about privacy and why that's so important for institutions, So this is really great to see. I think a lot of blockchains have this on their roadmap. It's a high priority item because institutions are not going to let proprietary data, customer data,

and private information just be exposed on the blockchain. They are obviously building with blockchain, sector tokenizing and doing much more, but the privacy layer is so important. It's why I've been talking a lot about the Canton work and that has privacy built into it and it's a public chain, and why I invested in a token. Now there's not going to be one blockchain to rule them all, or you know, one blockchain that's going to be winner. I

believe there's going to be multiple winners. But this is where you can take your bets. So, funded personally by Hoskinson and distributed via a massive air drop to thirty seven million wallets, Midnight quickly reached a e valuation near one billion dollars and uses a dual token system to separate speculation of the Night token from the transactions fees, which is called dust the ust. So this is interesting in a big move here for Cardano. Now, speaking of

Mitsubishi JPMorgan blockchain

institutions in blockchain Mitsubishi adopts JP Morgan's blockchain for corporate payments. So JP Morgan's Connectionus network is gaining traction among corporations as blockchain based payment rails scale toward ten billion dollars

in daily transaction volume. Now, we've often talked about the future is going to be hybrid with institutions building their private permission wall gardens, which is fine, they can use that within their own system, but they're going to have to bridge to public chains, and we know JP Morgan's Connectus has already bridged to other chains like Onto as

well as coinbases base the ethereum layer two. So don't be surprised if more banks do this, right, it's going to have to be the hybrid approach because these banks may want to do their own thing internally, but they got to go to public chains to get liquidity and settlement. So that's the big thing there. And you're going to see different institutions partner with different banks and they're going to form their little conglomerates and much more to be

able to compete. So the point is, though, notice blockchain tech getting adopted here, right, So this is why JP morgan a should say Jamie diamond. For years bashing it because it disrupts, and now they're forced to bend a knee and adopt the technology and build with it. So really really incredible stuff. And here's another example, Swift, the

Swift Blockchain

whole banking messaging system or the old antiquitated messaging system now forced to use blockchain. Right. They were also nasiers and skeptics back in the day. Now, oh look at this. Our plans to build a blockchain based shared ledger have

reached a major new milestone. This was tweeted out by the folks at Swift so they said, after completing its design phase with a global group of banks, we are now shaping the Ledger's first MVP iteration, which will enable interwopability between banks, tokenize deposits, and facilitate twenty four to seven cross border pavements. Folks send this type of news to people who are still skeptics. They don't understand what's

happening here. Right. Sometimes they get too blinded by the crypto tokens and they don't understand the underlying technology of blockchain. Because of the blockchain technologies, that's why you have crypto tokens. The tokens are needed on many of these public chains because they can't function without them. Right. They're not a privately funded chain. They're public and there are different validators

and participants and much more. So. That's the paradigm shift that's taking place, which a lot of people still can't grasp. They don't understand. Right. They still think of companies and stocks and they're like, how can a network function? How can you have a token? And how can you build it? But eventually, you know, everybody will get educated because I believe governments and institutions will educate them, and people are going to be using crypto or blockchain based technology and

they won't even know it. So it's incredible what's being built. And even again the detractors and they sayers forced to adopt the technology. Okay, moving ahead, Midas raises fifty million

Midas Tokenization $50M

dollars to tackle pain point for tokenized assets investors. So it's great to see capital still being raised and invested here. People are still bullish despite it being a bear market. So Midas raised fifty million dollars in a Series A round led by Urre and Creandum. If I'm saying that right, We're backing from Framework Ventures, Franklin Templeton and Coinbase Ventures.

The company aims to help investors exit tokenize yield products faster, overcoming the weight for redemptions imposed by vault like structures that lock up capital. Midas will be using the funding to scale its Midas Stacked Liquidity system, a separate liquidity layer that enables instant redemptions by using pre allocated capital rather than unwinding positions on exit. So as the tokenization market heats up, you're going to see a lot of

innovative things like this start to be developed. So you know, I've often stated if you have an idea, put that pitch deck together and go to these vcs and hedge funds, guys, you will get capital because this is the time everybody's looking to take your bed. Obviously you have to have a good idea, right But the tokenization market, you know, this is certainly an era where all the tread i

find institutions are moving towards. Not to mention the crypto native firms, we know they're going to put all assets on chain. So if you want to even you know, get very specific or niche, you want to target real estate or gold, or stocks or equities, you know, as far as what's being tokenized, you can certainly do that. Or you know, collectibles and all these things that people find valuable that you know from a cultural standpoint, But

incredible stuff being built here. Okay, moving ahead. Num n

Stablecoin Visa & Mastercard cards

i u M launches stable coin card issuance platform across Visa and MasterCard. So the infrastructure being set up here for stable coins, tokenized assets, and much more. Let me give you the details. Global payments infrastructure provider NEUM has launched a platform that allows businesses to issue stable coin funded cards through Visa and MasterCard. In the latest development, enabling digital dollar balances to be spent at merchants using

existing card networks. Neam said the system converts stable coin balances into Fiat at the point of sale and handle settlement, compliance and card network integration through a single integration. The tech company said it expects to be able to shorten the time require to launch stable coin card programs for months to days by consolidating conversions, settlement, and compliance into

a single integration layer. So incredible the innovation that's happening, and the building is going to get much more easier where it's going to be you know, turn key, quick, out of the box setup is just we're in that building phase and eventually, you know a lot of companies are going to be able to easily launch or stable coin, tokenize assets, and much more. Okay, final news item, chain

Chainlink Anchorage Crypto Midterm elections

Link and Anchorage Digital back the launch of Crypto Aligned pack. So ahead of the November mid term elections, backers are lining up behind a new hybrid political action committee that allows contributions directly to candidates. So, guys, midterms are coming up. Anybody who's anti crypto is going to get their butt

kicked again. If they didn't learn their lesson in twenty twenty four, so seven months ahead of the November midterm elections, Chain Link Labs and Anchorage Digital announced that they were the founding contributors to a political action committee to support candidates working to advance the digital asset and blockchain policy

in the United States. In a Monday announcement, the two crypto companies said they were supporting the Blockchain Leadership Fund, a hybrid pack that allows contributions directly to candidates as well as independent expenditures such as media buys. So it's going to be a very interesting midterms guys. Obviously you have the traditional issues right economy are much more crypto is going to do. It's another round of fighting here. But the thing is we have to watch out for

and I've heard about this on people in DC. The banks are building their war test this time around, because we know many of them are trying to fight stable one yield DeFi, So don't be surprised if the banks, you know, put up a lot of money. So it's going to be a heated midterm election guys. Let's see how it all plays out and how the DOST settles here. But incredible, what's happening, and folks, that's the news. Let me know what you think. Leave your thoughts in comments below,

hit the thumbs up button subscribe. If you haven't as yet, please support the podcast by subscribing to my free email newsletter. It is one hundred percent free. Link will be in the description. Check out my book on Amazon. Be sure to grab a copy of that. It's available in paperback in digital. And check out my course at Mycrypto course dot com. This is a comprehensive course that teaches you

everything you need to know about crypto. It is packed with tons of value write ups, videos, and it features expert commentary and folks. Right now, we have a bear market sale. You can get fifty percent off the price of the course. Use the code bear b e A R at checkout and get fifty percent off. So check it out. Knowledge is power ex span your knowledge about crypto and blockchain technology. Folks, thank you so much for tuning in. I appreciate you all, and I'll talk to you all later

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