🚨SEC DROPS UNISWAP CASE & ETH ETF STAKING SOON! XRP INSTITUTIONAL DEFI!

into it. 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 sit 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, the bloodbath continues with all coins

bleeding out. Bitcoin currently sitting at eighty eight thousand, five hundred and eighty nine dollars, and as we've seen historically, bitcoin moves the market. So everyone is waiting for Bitcoin to bottom and to start moving upwards, and then we know the all coins are going to follow. If you've been a follower or subscriber of this podcast, we've talked about this a lot and the money flow throughout the crypto market, so we're waiting for Bitcoin to find that bottom.

A good sign is that Bitcoin's RSI and the daily chart is in the oversold zone, so we are nearing that bottom. And we've seen historically when we're at the over bought the market starts to correct. When we're at the over sold, the market starts to bounce, So don't be surprised that Bitcoin starts to find some strength soon, maybe into next week, and starts moving up. We'll have to be patient here. One thing that's very positive is that global liquidity continues to rise, and we know that

bitcoin and risk assets are correlated with global liquidity. There's usually a lag with bitcoin. Global equity will move and then Bitcoin will catch up. So the timing is very good here with Bitcoin nearing the bottom and global liquidity moving up. I think Bitcoin and the all coins will catch up. But this is a very very good sign here. Crypto currently highlighted bitcoins consolidation and what he thinks may happen, saying every bitcoin chop solidation range. This cycle ended with

a capitulation event. We're experiencing a capitulation event right now. If you guys don't know, he says, I don't think this one is any different. The current sentiment and global liquidity increasing supports this view. Feels like a final shakeout before we head higher. So this is based on the data now global liquidity to chart analysis, plus the sentiment in the market is that a fear. It actually went to extreme fear. So these are positive signs in a

bull market. In a bear market, they're not positive signs obviously, right, But when you have the sentiment in fear in a bull market, it's very good, guys. It's actually very bullish. And I'm going to look to buy to dip here on some of these all coins. I have not bought anything yet, but I'm going to take a look at the chart, see how things trend out, and maybe add

a little bit more to my portfolio. But I'm not doing major buys because I bought a lot in the bear market and in early twenty twenty three, so I'm pretty good and my portfolio is up from that bear market bottom. It's just in the short term, like many of you, I'm down right, but overall from a macroview, I'm up over the past two years. So that's how you got to look at the market. Guys, if you're investing on the one minute chart, the hourly and daily, it's not going to work out well for you got

to have a larger view. So this is certainly a local high we're experiencing here, or what took place in Q four at twenty twenty four. We're having a correction. We'll find the bottom and keep moving. The bull market has not been invalidated. Now. The one good thing here, the silver lining of this correction is that the mean coins are bleeding out, and this is a very good thing. We're having a reset. Look at this part coin is

down ninety percent from its January high. Trump coin it is down from seventy five dollars or eighty dollars to thirteen dollars. Sure is healing. I am not a fan of meme coins. I think it's like going to Vegas and gambling. It's like going to the casino, right, But I believe people have the right to invest in what they want. However, I do believe the law enforcement agencies need to step in and stop the bad actors who

are rug pulling people. There are some meme coins that are legit and that have been started for legit reasons, but many are rug pulls. Now you look at dosee coin and Shiva and Pepe, which have been established for a long time, right, they have a community, they have developers working in them, you know, those I trust and those I'm okay with, you know, investing in. But something that was started last night off of a trend, you

don't know who's behind it. There's no disclosure, there's no details, there's no community, there's no developer, just random people going to pump up fund and creating these things and then they rug people. We can't have that. That is bad for this market and it just gives a bad reputation to the market. So we need to get that cleaned up and hopefully the law enforcement can handle it. But great to see these meme coins are bleeding out. Many

of them are down significantly, and that's good. The liquidity's being sucked out of them and it's going to go back to Bitcoin. As always, Bitcoin leads the market. Bitcoin will pump the liquidity will roll down to the main All coins in the market, etherorem XRP Salana and so on and so forth. So this is a good sign. Now we got big news from the SEC, as we've been talking about over the past week guys, that the SEC is going to continue to drop cases. Yesterday they

announced they dropped the robin Hood case. Last week they dropped the open Sea and coinbase case, and now they have dropped the UNISWAP case. So UNISWAP is a decentralized exchange they had received the wells noticed. So great news, guys. We are moving in the right direction. Shout out to Hester Perce and the SEC Crypto Task Force. They are doing amazing work and I can't wait for Paul Atkins,

the new chair, to get in office. Also, the SEC acknowledged grat scales filing to allow staking for its spot etherorem etf. This is big, folks, and I think once this gets approved, you're going to see a ton of inflows into the etheromy taps. It's going to track a lot of capital. Now we'll let outpace what Bitcoin did. I don't think so. Bitcoin just has his brand, it's well known, it's more established. But there will be a lot of inflows into this gray scale etf withstaking because

people will be able to earn the passive rewards. And what are the great things that I'm seeing from the Crypto Task Force, guys. There's more transparency. They're putting the meeting logs who they've been meeting with on the SEC website, so you can see here. A lot of the advocacy groups in cryptos, such as the Digital Chamber, DeFi Education Fund, Blockchain Association met with the SEC Crypto Task Force in

addition to Robinhood Fidelity. Michael Saylor, I told you guys about that, if not yesterday, the day before, it says here in NASDAC as well. And remember this is a crypto task force, so they're meeting to talk specifically about crypto. So really bullish. And as this list expands, it will be very interesting to see who else is meeting with them.

So great stuff here, guys, great transparency. This is what we should have had a long time ago, but we were dealing with a scumbag regulator by the name of Gary Genser. Now tomorrow there's a massive crypto hearing, guys. It's the first Digital Asset Subcommittee hearing, headed up by Senator Cynthia Lummis. So, this is the Senate Subcommittee on Digital Assets. It's their first hearing. I'm very curious what they are going to come out and say. So, Senator

Lummis says, yes, this is a big deal. This is the first step towards bipartisan legislation. We'll hear from experts who will shape policy on market structure and stable coins. Stay tuned for live stream details so you can live stream it tomorrow. I'll see if I can do it, just depending on the timing, I may not be able to. But I'll give you guys the recap at the end of the day and the major takeaways. But guys, things are moving ahead here. So in addition to the macro backdrop, guys,

we have the most pro crypto government ever. And this is why I'm not bearish. I am so bullish because all of these things are aligning. The stars are aligning for us here, and despite the market volatility which is to be expected, we are setting up for a massive run, guys, and for higher prices. So very very bullish. Now quickly from our sponsor, and that is Vchain. Vchain is one of the top layer one enterprise blockchains out there, guys. I'm a big believer in this project. I have been

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be in the description. Now we have an update here from PayPal, and I apologize I can give you every detail because Bloomberg has a paywall up, but it says here PayPal plans to integrate it's stable coin into more of its products this year in an effort to address all of its merchants needs through a single platform. Guys, the stable coin race is on. You got Ripple, r L USD, PayPal, Circle USD, Tether USDT, and PayPal. You guys, know is a payments giant, and they're going to push

their stable coin as much as possible. They also have a crypto offering. You can buy and sell crypto on their platform in addition to the Venmo app. So, guys, you're going to see stable coins running behind the scenes for many apps. People won't even know that they're using it. But that's the point, right They don't necessarily have to know, but just that it works, it's faster, it's cheaper, it

settles instantly. So we got to keep an eye on firms like this and watch what they're doing, right because, like I said, PayPal is a massive giant, guys, and everybody is in this race now. Ripple today introduce a roadmap for institutional DeFi on the XRP ledger and it's a really great take. Now I can't read through all this, it's a lot. I'll give you guys the TLDR, but overall it's very good. I love what I see here, and it's a clear roadmap as to what they want

to do. So they tweeted out from multiple accounts saying for institutional DeFi to scale, it needs compliance ready, interoperable infrastructure. The XRP Ledger it delivers with AMM trading and on chain price oracles, tokenized real world assets, decentralized identity for secure transactions. They also said here the future of finances on chain with enterprise grade compliance features and native decks

and AMM and tokenization and much more. Now Ripples CTO David Schwartz weight in saying it's here Ripple's roadmap for institutional DeFi on the XRP Ledger in twenty twenty five. As roadmaps go, I personally think this one is pretty great, outlining a clear direction with use cases and features available and to be proposed of what Ripple will be focused on contributing to the XRP Ledger. This here. Now, I will have someone from Ripple on next week Whi'll be

interviewing this person to talk about this. I couldn't get David because he's so busy, he's at Denver much more. But I'll have someone on from Ripple to talk about all these things and what their plans are and to go over to details. All right, moving ahead, guys, Gainstop urged to convert its five billion dollar cash into bitcoin

by strives see Matt Cole. So you can see the narrative is building here, guys for companies to add bitcoin to the balance sheet, and we saw micro Strategy been doing that, Tesla of course, and many other companies around the world, for example, Meta Planet, it was announced that they bought more bitcoin. They bought the dip. They bought one hundred and thirty five bitcoin for approximately one point nine billion Japanese yen. So, as I've been saying for years,

I don't think this trend is going to die. It's going to continue. Companies will diversify their cash reserves into bitcoin to protect the purchasing power and grow it. Of course, now I'm a big believer in him doing this. Now, I've often been a critical of what Michael Sailor and micro Strategy is doing because they're using unreasonable amounts of leverage, which I think is very risky. I'm not mad that he's buying bigcoin or upset about I'm just saying the

leverage worries me. And some people have said, why do you care? Who cares what Michael Sai is doing? Because if that thing collapses, it's going to be very bad for the crypto market. Guys. It'll be detrimental for the entire crypto market because as we started the podcast with the market moves a bitcoin. So I hope nothing bad happens. I hope everything is going to be okay. But this,

you know, the amount of leverage worries me. But companies who are simply taking a portion of their cash that they have in their reserves and putting into bitcoin not a big deal because they're not using leverage. They already have the cash, it's sitting there and it absolutely makes sense. So let's see if GameStop decides to do this. Guys, we're seeing a lot more companies globally doing it. Obviously Tesla and SpaceX do it as well, so we shall see.

And a big catalyst but I'm doing it will be if like the United States government is able to pass the Bitcoin Reserve Bill, because then if the government is due, it kind of gives the okay to the private sectory, to private market right to do these things. So I think the best is yet to come with stuff like this. Guys, that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbs up button.

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