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let's start by taking a look at the price of bitcoin. We are still waiting on confirmation that bitcoin is heading upwards in the micro In the short term, From a macro standpoint, we are any uptrend. We are in a bull market. We are anticipating higher highs. But in the short term, we're waiting for a bitcoin to validate that this is a reversal move to continue to hire highs. And if it is, I'm expecting a price point between eighty five to ninety thousand as the next target. So we'll have to
be patient and let things play out. But right now, Bitcoin as of the time of recording is at seventy five and forty nine dollars. If we look at the d wine the daily chart, it has some green candles, but they look very weak, so I'm hoping the DXY, the Dollar Currency index keeps breaking downwards, and that will be incredibly bullish for risk assets like bitcoin and crypto. So that's what we're waiting to see, folks. We
need confirmation and let this play out. As I said in yesterday's podcast, my hope is that we enter April with very bullish momentum as we head to the having and bitcoin heads to eighty five to ninety eighth k between that range, maybe higher before it does another pullback. So exciting times ahead. We just got to be patient. Now let's look at the top trending coins on social media. This data is brought to you by Santiment, which is a
great partner of the channel. You can get a lot of cryptometrics on santiment. If you want to sign up for a pro account, you can and get a discount with my referral link in the description as well as the code thinking crypto. The first trending coin here is Nexso, so Nexto is the platform where you can do crypto lending and so forth. I think they're doing a marketing camp heres that are trending as number one. Coming in at number
two is Internet Protocol ICP, with good positive sentiment. Number three is Anchor on Ethereum, also with strong positive sentiment. You got Civic coming in at number four, which is CBC with strong positive sentiment as well. Cody comes in at number five with decent positive sentiment. Vello comes in at number six with positive sentiment as well. Like Coin comes in here at number seven with decent positive sentiment. Its negative sentiment is pretty high at thirty six percent,
but a positive is at forty four. But it's trending due to the coup coin case, which I'll share the news with you guys a little bit later. Number eight is pack protocol PAC coming in with positive sentiment, then tether USDT on Avalanche with a very high positive sentiment, and finally number ten Stellar luhmans XLM coming in with positive sentiment as well. So those are your top trending tokens on social media once again, this is brought to you by Sam.
All Right, folks, let's jump into the news, and first up is the cou coin news, which I'm sure many of you heard. Prominent global cryptocurrency exchange cu cooin and two of its founders criminally charged with Bank Secrecy Act and unlicensed money transmission offenses. So guys, what's the TLDR here? What happened here? This is the continued cleanup of the legacy crypto exchanges.
We saw Binance got hit with similar charges, right, and this is because back in the day, in the wild west of the crypto days, in the early days, these exchanges were not doing kycaml So KYCS is know your customer, AML is anti money laundering. You could go sign up for the exchanges. You didn't have to share your idea and verify and you can trade, right. I remember using the platforms like that. It was how things were set up. Now, as the market matured and things progressed, we
saw many of these exchanges started integrating KYC and AML. However, the regulators, they will go after you for the years that you weren't doing it. We saw that with Binance and Finance had to pay billions. So here you know coup coin and two of its founders getting charged and so on and so forth. So is this bearers for the market. Absolutely not, it's actually
bullish. It is once again the cleanup because we're on the rocket ship getting ready to go to higher prices, and we saw if Binance that news didn't affect this market. Right, even in a bull market, it didn't affect the market at all. It was actually positive because it's the removal of risk to anything that could be detrimental to the price. So this is good clean up, getting the exchanges in order. They're not shutting them down. They
can still operate. Just pay your fine. You did some sort of crime. You're going to pay the time, right. But the market keeps moving forward, so we are eliminating risk and many of these exchanges are coming in line with the regulations. And once again it's preparing us for the next move and for this acid class to keep growing. And we're seeing Wall Street banks, stock exchanges and much more a getting in. So that's the TLDR here, guys, I don't even need to read through the details. It's just
a cleanup. They're going after any platform that didn't use kyc AML, so uh really, it's good news. Now. Something very interesting came out of the complaint from the CFDC about what cou coin was doing, and Jake Trafirsky highlighted it here. He said, hidden gem in the CFTC's coucoin complaint. Usually the SEC and CFDC pretend they aren't in a turf war over crypto.
Today, the CFDC is openly attacking the SEC's supposed investigation of Ethereum. This may seem minor, but is actually pretty savage interagency drama by DC's standards.
So they highlighted specifically. CFDC highlighted specifically commodities Ethereum and like coin. Folks, It's what we've been talking about on the podcast and why we could see a lot of problems here with these ETHEREMYTF and I've been referencing that the chair of the cftc Rosslyn Benham, went before Congress and said he doesn't know what the SEC is doing. Why is Prometheum custodying etherrem as a security Both agencies
helped to approve the futures etf right. Etheroreum was given a non security clearance by Bill Hinman in a previous administration of the SEC. So what's happening here, folks, and we're seeing some butting of heads. This is this might force Congress to act now. Eleanor Terrat of Fox Business added to what Jake said. The timing is more significant here given what is going on at the SEC, but worth noting the CFDC also called ether and light coin commodities in
its lawsuit against Binance last year. So the SEC is looking pretty dumb here because given all the history and all these things that have been taking place. But we know the game here, folks. They want to roadblock the etherorem ETF. Gary's trying to classify etheroreum as a security. He's taking his orders from Elizabeth Warren, who's of course controlled by the banking incumbents who are getting
disrupted. We saw two senators send a letter to the SEC saying no more ETFs, right, And I told you guys, they didn't just wake up and dream that up all of a sudden. That's a plant, that's a strategy, and most likely Elizabeth Warren is behind it because these two senators were Democrats. So we got a battle here, folks. And is this gonna
get messy now? Eleanor Turrett is also reporting that she's hearing rumblings on the institutional level about possible interest in a like COINYTF like COINYTF go figure, guys, I mean like coin right now on the market cap is at number twenty two. There hasn't been any major developments. They're not doing much right this project almost seems dead. I'm not saying it's dead, but it almost seems that way from an optic standpoint. Charlie Lee is nowhere to be found.
He's the founder, right. They forked Bitcoin's code and a little bit faster of a proof of work token here, So I don't know, but it may be the reason why it's popping up is because like coin is proof of work and they're figuring maybe they can get that through because Bitcoin is proof of work and that you know, pretty much like coins a copy of it. So we'll see. But I don't think there's gonna be much demand for like coin, right. Not a lot of people are interested in it. Don't
get me wrong, my like coin holders and community. I'm not hating, but let's be honest, right, you got tokens like Salona, Cardono and even meme coins are getting all the mentions and the spotlight versus like coin. So this is interesting. So Eleanor says here, the logic is that because of like coin's functional similarities to Bitcoin, the SEC may be more inclined to
approve it, possibly even more so than eth. Last week, Coin based Derivatives announced plans to launch CFTC approved futures for dochecoin, like coin and bitcoin cash on April first, next Monday. I wonder if that's an April fool's joke right on April first, But look, I think this like Eleanor is reporting here. It could be they're just trying to get as many coins through
even if there's not much demand. But I think Ethereum is what the market wants as number two, right and from the Institution's black Rock clettery Fink and all these guys, they want the ethereum's bodytf But maybe this is a way to force the SEC's hand. It's just a chess move. It's not so much that they're gonna make a ton of money off of the like coin etf It's a chess move to force the SEC's hand and to hand Gary against her another loss. And if he wants to go to court, he's easily gonna
lose that because light coin very similar to bitcoin. So things are getting very interesting here, folks. Now let's move ahead regarding the ethereum as a security or not a security situation, and the CFTC and the SECU battling right the house. Financial services members of KUNG are waking up to this, and I think this etherorem situation, if Gary continues it, it may force the hand of Congress to get regulations through. So the Financial Services GOP folks tweeted out
the following. Republicans on the House Financial Services Committee and House Agriculture GOP sent a letter to SEC Chair Gary Gainster urging his agency to clarify its position with respect to the special broker Dealer license Prometheum's custody of Etheroreum. So they put out an infographic here Republicans are holding SEC chair against their accountable But this is
all just talk. Man. They got to send a subpoena. Patrick McHenry, if you're listening, subpoena this man and start cutting his budget as it relates to crypto items. Don't get me wrong, the SEC has to protect investors. There are scams out there, but he's clearly not going after scams. He's going after the good actors. And there's a clear agenda to kill
as many of these crypto startups as possible. Now. Congressman Tom I'mber, who I've had in the podcast multiple times, retweeted this news and said the SEC and the CFDC have an extensive record asserting that Etherorem is not a security So why this Prometheum and SEC registered broker dealer planned to custody eth and he said, I led the letter with the Financial House Financial Services Committee and my colleagues to Garyginster to get some answers. Let's see what they come up with.
But I think they got to take the gloves off, just like the crypto industries taking the gloves off and suing the hell out of scumbag regulator Garygainster and the SEC. Now quick way from our sponsor, folks. That is v chain one of the top layer one enterprise level blockchains out there that is getting massive adoption. They are building incredible Web three technology and decentualized apps. Some of the brands working with vchain include PwC, BMW, Walmart, China,
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ETF live. It took a while and they put out a press release here saying title end hashdacks announced trading of US spot bitcoin ETF. Eric Balchunis a Bloomberg said the ticker symbol is DeFi. He says, they finally and officially make it to the starting gate Spot Bitcoin ETF number eleven. The getting is so good right now. I could see this one getting some bites if the fee is competitive despite being so late. So, folks, no one wants
to miss the train. Here. Game theory playing out and the demand for bitcoin and crypto acids will continue to grow. We are still in the early innings as RIA and wealth managers get educated about these ETFs, the fees,
who's the custodian and so forth. I recently had Rick Edelman, the RIA guru and you know the Wall Street legend, and we talked about this and he walked through the process of how arias will be looking at bitcoin atfs and offering into their clients, and he expects billions to flow through from rias to the et aps. Now let's move ahead. Solana welcome Circle cross chain protocol, so Solana developers can natively swap USDC tokens with Ethereum and other ecosystems.
So we're seeing interoperability being built for different blockchains. It's pretty incredible. Guys. Look, I'm not the biggest Salona fan. I do have some soul tokens, but Solana has had a lot of downtime, and I hope they fix it right. I'm not wishing them bat or anything like that, but when I see you have these many downtimes over the years, it's not a good sign. But they are very fast and they continue to get a lot of development activity and folks building on them. So I have to keep it
honest, right and fair. So Solana has been ripping, They're getting a lot of liquidity, a lot of people building mean coins, and much more on them. So Circle, the issuer of popular stable coin USDC, has partnered with Solana to bring its cross chain Transfer Protocol CCTP to its blockchain system. CCTP is designed by Circle to enable the secure transfer of USDC between different
blockchain ecosystems using the native mint and burn process. This means that Solana developers can can now natively swamp USDC tokens from Etherreum, and other EVM compatible ecosystems, including Arbitrum, Avalanche based Optimism, and Polygon. It will also be compatible with non EVM blockchains. CCTP first integrated with a non EVM chain in October last year when it partnered with nobyl It's a Cosmos based token protocol to
bring us DC natively into the Cosmos ecosystem. As Noble itself is integrated with Cosmo's inter Blockchain Communication Protocol, CCTP is also functionally compatible with all COSMOS chains that are connected with IBC. So, folks, this is great to see. I am very bullish on Circle and USDC and what they're doing. Circle issues. Of course the second largest stable coin that is USDC, Tether being the number one with USDT. But you know the competitions heading up between these
stable coin issuers, and you've got PayPal has their own stable coin. And could USDC be used by the government as the digital dollar. I think it's possible. That's certainly certainly a possible scenario, but we'll have to wait and see what the government decides to do. Now, speaking of stable coins, we've got news area de Tether looks to build the next generation of open AI models with new data division. The AI job postings come after a six hundred
million dollar AI infrastructure investment Tether made in the fall. Now, many of you may have seen my recent interview with the CEO OH with Tether, and that is Paulo r. Do Emo. If you haven't seen that, it was published eight days ago, be sure to check it out. We touch on AI. We talked on everything related to stable coins, can usdt DPEG, what's going to a feature of it look like? And is AI a threat? And much more so, he talked about Tether going beyond stable coins
and looking at other business models. So we're starting to see some of these things come to fruition here. So the new division named Tether Data is looking to hire an AI engineer and ahead of AI research and development. According to Tether's job recruiting website, here's a quote. Our goal is to build a next generation of open AI models, leading innovation in AI through an accessible, transparent, and privacy preserving approach. To job post, things read so very
interesting. Feather's got a lot on their play They're making a lot of money. They're the world's largest stable coin issuer, so we'll see what else they do next. It's pretty fascinating to watch this play out. And in my interview which Paolo we talked about, Canter Fitzgerald's CEO, Howard Lutnik add Davis twenty twenty four giving a massive endorsement a Tether, saying they have the money, they are fully reserved, and if you go to Tether's website, they
have audits and they have been doing quarterly attestations. So Tether I think has righted the ship after maybe in the early days, the wild west of the crypto days, things were not in order, but I think things are in order now, so pretty incredible. What's happening, well, folks, that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbs up button, hit the five star rating on the
podcast platforms. Folks, don't forget. I'll be at DC Blockchain Summit twenty twenty four. This is happening in May May fifteenth and May sixteenth. If you want to attend, you can check out the links in the description to go get tickets. You can get a discount using my code thinking Crypto, and I would love to see you guys there either on the summit day or
the blockchain education that you don't have to attend both in ten one. The Blockchain Education Day is a very fascinating because we're going to go to Capitol Hill and speak to different folks there. So doing some grass roots movements here to get crypto legislation guys, and like I said, I'll be there, I'll be vlogging, I'll be podcasting, and much more so. I would love
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