🚨HUGE CRYPTO NEWS! NASDAQ BITCOIN, BITWISE OBTC, SOLANA RESTAKING, BLACKROCK BUIDL!

in much more. Let's get into it. Hey, everybody, welcome into the Thinking Crypto podcast, your home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in. Please let that subscribe button aswals a thumbsup 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, you got some very big news from one of the major players on Wall Street.

So here's the headline. Nasdaq seeks SEC approval for a bitcoin index options, aims to boost crypto market maturity. That's a big statement. They aim to boost crypto market maturity. And we're seeing all of Wall Street, all the big banks are getting involved. They're launching financial products they're tokenizing, so it's no surprise that Nasdaq is doing this. Let me give it to details. Nasdaq, in collaboration with CF Benchmarks, has followed with the SEC to list and trade the

Nasdaq Bitcoin Index Options x BTX. If approved, this new product will offer investors a sophisticated tool to manage and hedge their Bitcoin investments through options, which the NASDAC said will further the maturity and liquidity of the acid class. Wow, folks, I am so bullish and so excited. I know the prices right now don't reflect that, and I know Bitcoin has pulled back. It's currently like fifty nine thousand or

whatever it may be. And I told you guys before the major run up that's going to come into latter half of September, Bitcoin may retest the lows again, which I think it's doing. That's fine, we are still in track. But the big players like the NASDAC don't care about these small, volatile moves. They're looking at the macro and that is we are going to higher highs. We are seeing higher highs and higher lows and we have not entered the parabolic phase of this bull market yet. And

all of Wall treat is here. As mentioned, we've got ETF's tokenization and much more, and new financial products are being built. If you don't understand what's happening here, then you are completely missing the mark. You're too caught up in the micro of Oh no, the price just went down today, okay, But what happens when you zoom at on the chart The price is up right, and you have to understand what's being built, the infrastructure that's being set up and so forth. But this is very big news.

Here's some more big news. Bit Wise Bitcoin ETF to acquire the assets from Osprey Bitcoin Trust. So Bitwise Asset Management has their own bitcoin etf e ETF and even before these ETFs were launched, they had index ones and much more around crypto. And I've had Matt Hogan, the chief investment officer at Bitwise, on the pod many times.

So let me give to details here. Ostpury Bitcoin Trust OBTC sponsor Osprey Funds, has entered an agreement with the Bitwise Bitcoin ETF and Bitwise Asset Management in which a BitB, which is the ticker symbol of Bitwise's Bitcoin ETF, will acquire all of the OBTC Funds assets The move comes after Ospray noted that it was considering a potential sale or merger with a bitcoin etf amid other strategic maneuvers

in March of this year. Osprey had until September one, twenty twenty four, to complete the sale or merger, or else it would have liquidated OBTC. Here's a quote. As part of the transition, OBTC unit holders will receive shares of BitB as part of a liquidating distribution of OBTC. For example, BitB holders there will be no change to their shares or any changes to the operation of BitB.

Osprey Funds wrote in a Tuesday release. Bitb's acquisition of OBTC follows bit one is acquisition of London based crypto exchange Traded Products issuer etc Group on August nineteenth. Big moves by the folks at bitwise. I will have Matt Hogan of Bitwise Asset Management back on the pod very soon to talk about this. These are smart moves they're making increasing their market share, and not only in the United States but globally as well. So big move here now, guys.

As we've had a lot of volatility in the market has pulled back. We've got data here from crypto quon that ethereum whales have accumulated more than two hundred thousand eighth over the last four days. That's approximately five hundred and sixteen million dollars, So whales are buying up. We see the ETF inflows have increased despite the volatility, and

I think everybody sees what's on the horizon. Fed Ray cuts money printing, Global equidities on the rise, so we're entering the easy money cycle, and we're going to see as rates start getting cut, a lot of the money that's stuck in money market accounts and that are earning high trists are going to move their cash and money out of there because you're not getting the same level of return. You want to go risk on and put

it into risk assets and make your return. So there's going to be a lot of liquidity coming into these asset class folks, and not just crypto, but of course the stock market. We are still in a macro bull market for real estate, crypto, and stock. So I'm very bullish despite what's happening in the micro here. Now we got new somem Donald Trump today he released his new official Trump Trading cards on bitcoin ordinals, and this is not the first go around he's been doing this. Now,

I could care less about this stuff. If you're a Trump fan and you like it, go for it. What I care about is the adoption that a presidential candidate, former president is taking a technology and building with it. Right, he's using it for NFTs. He's going to be launching a new DeFi project. I guess pretty soon. We saw some information from him and his sons, and I'm actually very optimistic about that. But I could care less about

these Trump cards. The other factor that about today is will SEC chair Gary Ginster go after Donald Trump about these right saying, oh, these NFTs are securities offerings. Remember that's what they think. I don't think NFTs are security is offerings. It's like comic books or baseball cards and so forth. But Gary's a scumback, so you know, you never know. And we've seen the SEC go after NFT projects like Stonercats and others. So let's see. I don't

think this is a fight Gary wants to pick. But then Gary may want to get some revenge for Donald Trump saying he would fire him up on the first day at the Bigcoin conference. So we'll have to wait and see. Now, we got news that Russia is going to start using crypto for international transactions next week. This is big, folks, And this has nothing to do with you know, if you love or hate Russia, that's not the point. The point is of his adoption, the change

of the guard. Here the new technology getting penetration in all parts of society and life, and it's here to stay. It's not going away to genies. Out the bottle and there's no putting it back in. So I'm gonna wait for final confirmation for this to go live next week and we can see if possible, you know, some of the wallet addresses and transactions and so forth. But this

is pretty big news. We got news that Solana restaking protocol Solayer reaches eighty million dollar valuation with twelve million dollar seed funding round. So of course with Solana you can stake your tokens. That's really great. You can earn passive income. I'm not too sure about the whole restaking idea, you know, there there have been people are saying this this is kind of risky. I need to research it

a bit more. I'm not fully educated on this, but once I have more details I'll definitely share with you, guys. But earlier this month, Binance Labs that it had invested in Solayer, and the co founder, Racial Shoe says that the firm's investment is part of the same twelve million dollars seed round. Last month, Solayer also announced a pre seed funding round of undisclosed size from angel investors, including Solona co founder and A Tolly and Polygon co founder

send Deep nay Wall. So interesting and like I said, don't know too much about restaking herd. There's some risks, but I could be wrong and I'm going to try to research this a bit more, all right. Speaking of Solana, the folks at robin Hood, specifically Johann Kerberrat, who's the crypto general manager at Robinhood, tweeted out super excited to announce that the Solana network is now live on the robin hood wallet. Starting today, you can self custody Salona

tokens and send and receive over the Solona blockchain. Now. I'll be interviewing Johan pretty soon, guys. I'm really looking forward to this interview because it's Robinhood, right, and they've got a lot of customers. They've got a lot of capital and resources to build incredible things, and they're going all in on crypto and of course they are because it's the new asset class and everybody wants to share.

So this is pretty big and Solana continues to get adoption. Now, we got some news here that tokenization pioneer Centerviews unveils leading market with morpho coin Base. The institutional real world asset lending market combines coin bases, Layer two network based and morpho volts using three varieties of tokenized treasury bills. So, folks, what we're seeing is tokenization on the rise, the adoption

of tokenization, and we're seeing different blockchains being used. Ethereum here you got coinbases Base, which is the layer two on Etheroreum. Stellar Lumens is getting adoption as well, so really big. So the market will allow for the collateralization of the borrowing against Centrivisi's an amoy fund, tokenized t bills from mids and hashnoes us yeald coin. It's the first time a permissioned lending market will use Ethereum powered

coin based verifications. The aim is to provide instant liquidity without having to actually redeem the underlying t bill. Folks, I often make this statement, but it's just to make sure this lends. Do you see what's happening? This is the future, as I've been talking to you guys for years, the token economy, everything running on the blockchains, even the tradifi assets like stocks, bonds and so forth, will be tokenized on the blockchain and game theories playing out here.

There's a race. Clearly, black Rock wants to rule the market in all aspects ETFs tokenization and their tokenized fund hit over five hundred million dollars recently, so big things coming. And speaking of black Rock, ave Labs proposes integrating GHO

Stability module with black Rocks Biddle. Ave Labs has introduced a temperature check proposal to update the GHO stability module to manage its stable coin system more efficiently by integrating BIDDLE, the tokenized fund from black Rock that represents traditional assets like cash and US Treasury bills. This contract enables the

conversion of two tokens at a predetermined ratio. Ave Labs proposes to build a new instance of GSM that supports external integrations and related control mechanisms, specifically supporting Blackrocks Biddle the team wrote on the proposal, gsm exists to secure Ave's native stable coin gahos one to one convertibility with

another asset. Ave explain, So, folks, with what BlackRock's doing, You're seeing these other ecosystems looking to integrate with Blackrock, and of course, right it's Blackrock, and they got a lot of resource, a lot of capital, so this is pretty smart of them to do this, and it's a sign of what's to come. Now, speaking of Blackrock, guys, I'm introducing a new type of content to the podcast and it will be specifically on YouTube and x It's

video content. It's micro documentary, so it will feature specific topics and it will be in documentary format. And the first will be from Skeptic to believer black Rocks Larry Fink embrace a Bitcoin and crypto. So how Larry Fink essentially went from skeptic to becoming a bowl and now a major promoter of crypto. So I will be sharing that pretty soon, guys. I'm waiting for people to get back from the holidays, summer to be over, so it just should come very soon, maybe next week, and you

don't want to miss these. I'll be doing them once per month, and you guys can suggest topics and so forth. But I put a lot of work into this, so I think you guys will like it and it will help spread the message of crypto and what's happening, guys, especially when you have big players like this, you know, getting involved. So bullish times are ahead by the dips where possible, not financial advice, of course, that's what I'm doing.

I'm dollar cross averaging by the dips. So in full transparency, no bs, I bought some bitcoin, I bought some salon and eth in this dip. I felt like I wanted to top off my propolio bit on those top three just because you know they have a lot of visibility, liquidity and so forth. Don't get me wrong, I hold other coins like XRP, I hold avax, Cardanu and so forth,

at algorand v chain as well. I am very bullish and I'm practicing what I'm preaching, and I'm expecting fireworks come this latter half of September into Q four and we will start to see the market scrip guys, So exciting times ahead. Don't forget to check out our sponsor, Uphold, which is one of the top cryptocurrency exchanges that you can buy Bitcoin and all the old coins. They have two hundred and sixty plus cryptocurrencies. Link will be in a description. Also, be sure to sign up for my

free email newsletter on substack. It's one hundred percent free. And grab a copy of my book, Rethinking Crypto. It's available on Amazon in paperback in digital. You can buy a copy to support the podcast. Buy a few copies for your friends and family who want to learn about crypto. If you bought a copy already, please leave a five star rating and review. It would really help me out. Thank you so much. I appreciate you all, and I'll talk to you all later than that.