¶ Intro
Hey, folks, welcome into the Thinking Crypto podcast. You're home for cryptocurrency news and interviews. I'm your host, Tony Edward on your weight 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,
¶ Bitcoin analysis and Fed liquidity
there's not too much to talk about as relates to the price. We're still seeing a lot of volatility and chop, but the macro structure is still intact. As we've been discussing in the past podcasts, I've been outlining in my newsletter as well, So we got to give the market more time here to see the decisive move here. As I've been saying, there is a bear scenario, there is a probability of that scenario playing out, but I believe the higher probability is that we are still in a
bull market based on macro factors. Right now, the Bitcoin Fear and Greed Index is in extreme fear. So let's see what the market does later this week even into next week. As we've seen, when the sentiment gets this bad and the herd is all feeling depressed and sad and fearful and so forth. That's when the whales through
the opposite. So it's a patients game here. Now. Something that's interesting, we're starting to see the FED inject liquidity doing pseudo or stealth QI if you want to call it that, not full on QUI, and this is via the reverse repo market. They apparently injected another twenty four billion dollars in over the past five days. It's totally one hundred and twenty five billion. So could this liquidity make its way back to the market. I think so.
We saw this in twenty twenty three with the banking regional banking situation and how they did all that, and even liquidity injections along the way from the Treasury and much more so, clearly they are trying to prevent some sort of collapse here, and it's what they've been doing
for a long time. So this is why the foundational thesis why we're investing in assets is that these central banks, including the FED, will continue to print in debase currency and that's going to steal your purchasing power of your cash, your FIAT. So that's why you have to take some of that FIAT and put it into assets that will outpace that debasement and the inflation. So the same inflation that's driving up the price of services and goods is
also driving up your asset prices. So this is the macro thesis, right, And once you understand this, you know where to position yourself and be patient because it's the long game that we're playing here. Now. There is some cyclicality to the markets, like the for you, liquidity cycle, not the having, but the liquidity cycle, which I believe some of that is being delayed a bit because of the Trump tariffs, and I've been saying it's pushing the
bull market into twenty twenty six. So this is a positive sign, not that I'm for this or I'm endorsing this, but rather we know the liquidity will make its way to assets. They will continue to go higher. Now we
¶ Bitmine buys more ETH & Strategy buys BTC
continue to see digital asset treasury companies buy, so they're buying the dips. Tom Lee's Bitmine Immersion acquires an additional three hundred million dollars in Ether, bringing holdings to thirteen point seven billion dollars. That's incredible. Michael Sailor's Strategy also bought some bitcoin. They bought three hundred and ninety seven bitcoin at an approximate price of one hundred and fourteen
seven hundred and seventy one dollars per bitcoin. So this is very telling as well that these guys are buying in this uncertainty where some people are saying the top is in right, So very interesting here. And Tom Lee specifically, he was on CNBC either I think it was today, Yeah, and he was saying that he expects the bull market to continue in the end the year strong, a big rally.
And he said, you know some of the things I've been talking about on the podcast, and that is government shut down, these things resolving, the FED continuing to cut rates, and you know, signals of not necessarily that they're going to hit the printer and start going full on QI, but the markets just need to signal right. And I think he's right now. He could be wrong. We don't blindly follow people. I don't want you to blindly follow me.
I always tell you guys, do your own research and also get different point of views, right, never follow anybody like a cult because we're all human beings. We can get things wrong, but we want to make sure we're focusing on the data and the facts, not made up fairy tales, not our emotions, because that will wreck you in the markets, right, So very interesting that these folks are buying. All right, We got some very big news
¶ Ripple XRP news
out of Ripple today, lots of big news. So first up, Ripple Prime breaks ground in the US today with the launch of Digital Assets spot Prime brokerage capabilities allowing clients to execute OTC spot transactions across the most prominent digital assets and stable coins, including XRP and rl USD. So there was also announcement that ripples are LUSD has officially crossed over a one billion dollar market cap, so that's
pretty great growth there. And they said with Ripple Prime, g Treasury and rail now joining the effort, our l USD and XRP will drive faster, efficient and compliance settlement worldwide. This is how we advance the future of finance. So big news for Ripple stable coin and even the adoption of XRP. Ripple also made a new acquisition, so they said, here, institutional grade acid custody just got supercharge. We're acquiring Palisade Incorporated.
And on Palisade's profile it says a digital asset custody infrastructure company. Palisade offers a fast and scalable wallet solution ideal for on and off ramps and global corporate payments. This integration accelerates value transfer across Ripple Payments and Ripple custody. Secure custody enables the on chain economy from safe storage to seamless transfer where building the Internet of value. Big
news here. Ripple continues to make huge acquisitions, building out their network and being able to service different financial institutions across the globe. And of course they're pushing their stable coin r OUSD, which is built on the XRP ledger and etherorem and of course the use of XRP and the XRP ledger where possible, So very big news here now, folks, a great place where you can buy, sell, steak your crypto assets is on Uphold. So I've been a user
of this platform since twenty eighteen. They're one of my go to exchanges. I've never had any issues or problems with them. They've always been reliable and they offer staking on twenty plus crypto assets and they also offer three hundred plus crypto assets, so you can get access to all of the top coins. And best of all, folks, they are fully reserved. They don't commingle or lend out your crypto assets, and you can review their transparency report
on their website. In addition, they offer a rewards program where you can earn up to five point twenty five percent on stable coins. You can also get twenty four hour early access to new tokens that they list. So the stable coins they support includes Ripples, r L, USD where you earn up to five percent there, USBC where you earn up to five point two five percent there,
and USDC which is issued by Circle. You earn up to two percent there and to participate, you simply have to log into the app once per month, deposit fifty dollars once per month, and trade fifty dollars once per month. So pretty straightforward. So once again, Uphold is a great platform. I've used them for many years and they got a lot of different products and features, so check them out. The link will be in the description now, folks, huge
¶ Chainlink news
chain link news mighty if you know I hoole link in my portfolio. I'm very bullish on this project. I've often stated we see chain links getting adoption from tradfying blockchain projects and crypto native companies. So their products and solutions are amazing, guys. It's solving a real problem and it's enabling a lot of cool features in the crypto
industry with their price articles and so forth. And guys, Tomorrow and Wednesday, I will be a chaining smart coon doing interviews, so I'll be interviewing some really great guests, So stay tuned for those interviews. So the FTSE Russell taps Chainlink to bring Russell one thousand and other index data on chain. What a headline. That is pretty incredible, guys. So leading crypto oracle provider chain Link has inked a partnership with FTSE Russell to bring its indices and market
data on chain. This includes data from major global indices like the Russell one thousand, Russell two thousand, Russell three thousand, and other FTSE products. FTSSE Russell will onboard its data using chain links institutional grade data publishing service data Link. The data will now be accessible twenty four to seven across multiple blockchains, according to an announcement on Monday. So you see how trad file is using this technology to become twenty four to seven. So it's what we've been
talking about for a long time. The token economy Crypto has been running twenty four to seven three sixty five, no holidays, no opening and closing bills for years now. The trad five markets stock market are much more are trying to do that right. So data Link, previously tapped by major data purveyors like Deutsche Bores and S and P Global, is used by thousands of decentralized apps and
integrated with dozens of blockchains. Data providers integrate with data Link, which then pushes data to chain links nodes, making it accessible to smart contracts. This is really great, guys, and it's just one of the reasons I am bullish on chain Link. Guys. I've just been studying this project and look in all the different aspects and it is getting real world adoption. So here's another example. Brazil Hong Kong test cross border blockchain trade system via chain link. Wow,
you got banks leveraging chain link. Heres. So Brazilian digital bank banko inter has Co completed a blockchain based international trade finance pilot with chain Link the Central Bank of Brazil and the Hong Kong Monetary Authority, showcasing how distributed ledger technology can simplify cross border settlement. The experiment took place under Phase two of Brazil's Directs Central Bank Digital Currency Project and simulated the settlement of export transactions between
Brazil's Directs network and Hong Kong's Ensembol platform. A blockchain system developed under the hkma's project and Symbol initiative, Chainlink provided the interoperability infrastructure connecting the two networks. According to Banco inter banko Intro has previously worked with chain Link, including in an earlier Phase two pilot of Brazil's DRES
digital Currency project. Incredible adoption and we're just seeing banks and the other major institutions leveraging blockchain technologies in different ways. So very bullish. Now look at this news related to
¶ Canton Network DAT
the Canton network. And remember I've been talking about that this is a coin I want to invest in. It's not on the major exchanges yet, so once it's available, I'll let you guys know if I take a position, I don't want to buy into a pump, so I've often stated, I wait till there's blood on the streets and then I buy. But this project, I interviewed the
folks who are building it. You've all Ruse of the company called Digital asset and many banks are backing this blockchain because it's a public blockchain with privacy built in. But look at this. Theerrammune, if I'm saying that right, raises five hundred and forty million dollars with ARC invest As, Kathy Wood, DRW, crack in the Exchange, and others to build canton Coin treasury. Big names backing this to build
a digital asset treasury company for the Canton coin. And this coin is not even in the open market yet. So Nasdaq listed Therammune Incorporated said Monday it raised about five hundred and forty million dollars in a private placement to fund a new digital asset treasury strategy centered on the canton Coin. The token powers the Canton Network, a blockchain built to link regulated institutions through a privacy enabled
system supporting atomic settlement across multiple asset classes. The deal, priced at three dollars and just about over seven cents per share, is expected to close around November six. Investors include DRW, Liberty City Ventures, ARC invest, broad Ridge, Kraken,
and Polychain Capital, among others. Last week, Bloomberg reported that trading from DRW Holdings and Liberty City Ventures would contribute a portion of the Treasury's funds directly in the form of canton coins, which are not yet listed on crypto exchanges. So again, do your own research, right, don't just follow me blindly. Like I said, guys, I'm just being realistic
with you all. But this is a project I am watching very closely, and after my interview with u al Ruse, I realize what the hell is happening the folks who are involved, Goldman Zachs and a bunch of other banks involved with this project. So this is a point I'm going to be looking to buy the dip on, not buy the pump, right. I hope you're learning my approach here and how you got approach it. You don't go
with the herd buying the pump. You go when people are scared, like right now, that's the time to be buying now. Obviously there are nuances to that. You know, are we in a bayer market and a massive downtrend right like that? Would we would be like buying in twenty twenty two when you know the price is about to collapse further? So are there some nuances there with the timeline. But nevertheless, it's always I think a good
time to buy when this blood on the streets. You know, it's like Warren Buffett said, be greedy when others are fearful, and fearful when others are greedy. So big news here for the Canton network. Now, speaking of tokenization, tokenized treasuries
¶ Tokenized Treasures surge
cross eight point six billion dollars as banks and exchanges push collateral use. So we are seeing the tokenization race and utility heat up here. So tokenized US treasury is the largest class of real world assets after stable coins have entered a new phase. Tokenized money market funds, which pool cash into short term US government securities, are shifting from a passive yield to collateral for trading, credit and
repot transactions. As of late October, the total market cap of tokenized treasuries reached eight point six billion dollars, up from seven point four billion in mid September. That's a big jump, you know, just in a month. The increase was led by guests who black rocks Biddle, of course, which reached about two point eighty five billion dollars, followed by Circles USYC at eight hundred and sixty six million, and Franklin Templeton's Benji at eight sixty five or eight
hundred and sixty five million fidelities. The newly launched tokenized MMF also showed impressive growth and rose to two hundred and thirty two million dollars. Look at the names there with the exceptional circle. The others are all Wall Street giants who are around before crypto. And look at what they're doing, folks. This is why I'm bullsh again. You're just seeing investments building continuing because these guys don't think the crypto market's dead and oh my god, it's over
and all that. Right, they're building. They're preparing to have the macro view. And that's what I'm trying to impart to you, to have the macro view. Don't panic, don't worry. Oh my god, it's over, right, it's not over. As long as they keep printing money and debasing the currency, and we know they have to because it's the Fiat system, crypto will continue to run. Will there be slight differences
in each cycle? Of course? You know. An example I gave yesterday was look at what happened in twenty twenty and twenty twenty one, the double peak, right versus twenty seventeen and even twenty thirteen and twenty fourteen, there have been different to movements in the markets, but they still ran to new highs, right, and we got to be patient.
There are some headwinds in this cycle, like tariffs that were not present in the previous cycles, so that it kind of through the curveball to all markets like we had the big dump and collapse earlier this year, right with Trump's announcement of the terriffs. Plus it continues to be a headwind where you know, in early October, we know what happened. Trump tweets out and boom the market dumps. Some insider whale did some manipulation with shorting and much more.
But I digress. I hope you guys just see the macro view and the fundamentals that are still intact. Here.
¶ Wintermute Binance rumor and FUD =================================================
Now something you should know about some people have been spreading a lot of rumors. You know, these bears are going crazy. I'm seeing top accounts on X people who are where I know they're shorting, but they're just putting out the most bs fud fearful charts and information. And here there's there's a rumor go around that winter mute the market maker is gonna sue Binance saying there and but the CEO came out and said, that's it's false information.
It's baseless. If you don't know Winter Mute, they're the market maker where Binance sends like coins for to sell or even to buy, right vice versa. And a lot of people complain about the market makers, but that's how markets work. I think a lot of crypto people don't realize market makers are just doing their job. It's the if you're you want to be mad at somebody, be mad at by nance, or be mad at the people who want to sell. The market makers just doing your job.
You want to buy, the market maker will provide the liquidity and all that you want to sell the same thing. But you know, like I said, there's a lot of fud going around that Winter Mute is gonna sue Binance. You're going to see some crazy rumors and stuff. The bears are going nuts, man, that can see them because I've been here in the market. I know the game now, and certain accounts, you know, I've been tweeting back at them like hey, man up and show us your short positions. Right.
If you're gonna say all this bs nonsense. And again that doesn't mean that I'm not denying that there's gonna be some downside, but they're trying to say, oh, it's nineteen twenty nine. Look it's over, it's gonna crash, and a lot of people are falling for it right who don't know better. But look, it's the game. But hey, I don't use leverage. I bought the bear market bottom spot and I've been holding, and my portfolio is up despite what's happening right now because of when I entered
the market. And I've been telling you guys, you know, buy the blood in the streets and you'll be fine. It gives you a better opportunity to make more money and even withstand some of the volatility on the way up to new highs. So guys, that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbs up button. If you appreciate this content, please to the podcast by subscribing to my free email newsletter.
It is one hundred percent free on Substack. Check out my book on Amazon and my course at mycryptocourse dot com. This is a comprehensive course that teaches you everything you need to know about crypto folks. Thank you so much for tuning in. I appreciate you all, and I'll talk to you all later.
