🚨SEC MAKES A HUGE UPDATE FOR ALTCONS ETFS! XRP, SOLANA, CARDANO, LITECOIN!

has asked the issuers of the like coin XRP, Solana Cardano and Doge ETFs the SPOTYTFS to withdraw their nineteen B DASH for filings following the approval of the generic Listing standards, which replaced the need for those filings. Eleanor Turrett reported that the withdrawals could start happening as soon

as this week. So this is very bullish, folks. And if you recall last week, I told you guys that I interviewed Commissioner Hester Purse, and one of my major takeaways is that with these new guidelines for the ETFs, futures markets are not new and in addition to nineteen B DASH fours, so the process is going to be sped up, It's going to be much more easier. And less cumbersome for these filers to get their all coin ETF applications in and then approve. So this is very bullish.

It's setting up for the approval come Q four, and we're expecting the markets to rally. Obviously, you know, on today's livestream, m I broke down the dynamics and everything that's happening. But you can see the direction things are heading in and we're going to get a lot of all coin ETPs and of course the two biggest that are on deck right now is XRP and Solana, and

I think the market really wants those. There's a lot of applications and filings for those, so great to see the SEC saying hey, guys, with draw those respective aspects of your filings. And it looks like the SEC is getting ready to approve these individual et apps now. Eric Balchunis, who's a senior ETF analyst at Bloomberg, says, nice scoop from eleanor here. This was something we thought could happen. It makes sense as you don't need nineteen b dash

fours in the POSTGLS world. So talking about the new guidance, just not sure how the launch schedule will work. More will be revealed soon. So this is very good, guys, very bullish set up here for what we can anticipate in Q four. Now, quick word from our sponsor, folks, and that is Proppy. Propy is leading to charge. We're putting real estate on chain. I'm a Propy token holder. I have been since twenty eighteen. I discovered Propy around twenty eighteen and I saw they were leading to charge.

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look at this bullish news. Swift, the banking messaging system that has existed for a very long time and how the banks communicate with each other for cross border payments and money movement and much more. They are partnering with Consensus, the developers of etherorem, to build a blockchain settlement system. This is news you want to share with the skeptics of crypto and people who still don't understand what's happening

here because this is a huge capitulation. Remember, Swift is simply the banks around the globe, So you're JP Morgan's and many others coming together and forming this respective messaging system. And now they're saying, we need blockchain, we need this technology because we're getting disrupted. So let me give it a details. The Swift interbank communication network is working with Ethereum ecosystem developer can Census to develop a blockchain settlement system.

So they're going to use here a blockchain which is a layer two on top of ETHEROREM. And different reports are saying that it is called linear, so clearly it's a theorem base and once again it's a layer two. According to a Monday announcement, the Society for Worldwide Interbank Financial Telecommunication SWIFT is developing a blockchain in collaboration with over thirty financial institutions and Consensus. The initial focus is on developing infrastructure for real time twenty four to seven

cross border payments. Guys. Is what I've been beating a drum on the economies, the governments, the markets will all be running on blockchain rails. Clearly, the banks recognize the disruptive potential of stable coins, blockchain and crypto, and that's why they're trying to catch up to crypto now because crypto's being the first twenty four to seven, three hundred and sixty five day market, right we all know that, well, all these legacy tradify guys, The banks and stock exchangies

are all moving in the same direction. So one of the object of the new blockchain will be interoperability with existing and emerging networks while also maintaining compliance. Consensus is tasked with developing the conceptual prototype in the first phase and defining the future work phases. Here's a quote. The ledger will extend swift's financial communication role into a digital environment,

the announcement said. Swift added that the platform will support the exchange of tokenized assets, though the types of tokens would ultimately be determined by central and commercial banks. So let me break this that for you. They're going to create a private layer two on etherorem, but they're going to have interoperability with public blockchains because we saw many of these folks, JP Morgan, IBM and others tried to create the private permission blockchain. It didn't work. No one

trusted each other's blockchains. So it's just like they don't trust each other. Right now, they have to use a messaging system, but public blockchains are the way. So they're going to have to have the ability to bridge into, you know, the rest of the world that's on public blockchains. And here's a great example of that. Qatar Bank taps

JP Morgan's blockchain for faster US dollar payments. Now this is JP Morgan's Connexus blockchain, which is a private fork of etheroremy It used to be called Quorum, and most recently we saw a JP Morgan they were testing the payment rails with Ondo Finance and chain Link, which are

public blockchains. So you can see once again, you can have your private chain and you can have your wall garden, but you better have rails going out to the public blockchains where nobody's gonna trust it, right, Why the hell would I trust your blockchain and it's centrally controlled. So they're going to have to meet other banks and other institutions on the public blockchains in kind of a public

town square type setup. Right, So very bullish news. You got swift capitulating, You got these banks, JP Morgan and others having to plug into public blockchains. So again, look at where the puck is heading, folks. This is major

news here. It's not the most sexy news, but it's huge capitulation from the banks, the people who are naysayers spreading fud, saying this is all a joke, a ponzi of fad, magic internet money, you name it, right, the different criticisms we've seen over the years from Larry Fink at one point, Jamie Diamond of course, and many others. So incredible news here. Now, speaking of chain link, chain

links AI powered communications tool shows promise at streamlining corporate actions data sharing globally. I'm a big believer in chain link. Many crypto native companies and projects and even trad fin institutions are using chain Link. I just give the example of a JP Morgan, right, So I'm a linked token older I have been for a long time, so I'm

very bullish on this. So Chainlink is providing a deeper look into its attempts at improving the global financial industry by inking deals with the largest market infrastructure providers such as DTCC, Swift and Euroclear, big names there. The chain Link runtime environment orchestrated the validation of multiple AI model outputs that were then transmitted to the Swift network using an ISO two zero zero two two compliant messaging format.

So big development here by chain Link. They continue to get adoption around the globe by many different institutions and even once again other projects in the blockchain space or the crypto space. And I'm hoping chain link can do really well this bull market. It has shown some strength rallying. But I'm looking for one hundred dollars plus link price, but you know, not guaranteed, of course, but I'm hoping we get there, all right. Moving ahead, Binance joins coinbase

and offering white label cryptos services for trad five. I've interviewed quite a few folks in coinbase where we talk about the services they're offering, like, for example, they're powering black Rock's ability to buy and sell and trade crypto, plus the custody black Rock uses coinbasis custody. Well, Coinbase

is offering the white label to banks. We heard about P and C Bank, we heard about JP Morgan, so smart move by coinbase and Binance is looking to do the same thing, so essentially offering crypto as a service. So crypto Exchange Finance is launching its own crypto as a service solution for licensed banks, brokerages, and stock exchanges

looking to offer crypto services to their clients. The white labeled solution will enable these trad FI institutions to tap Binance's spot and futures markets, liquidity pools, crypto solutions, and compliance tools without needing to build their own infrastructure from the ground up. The Binance statement said on Monday, here's

the quote. Institutions retain full control of the front end their brand, client relationships, and user experience, while Binance powers the back end supporting trading, liquidity, custody, compliance and settlement. So this is huge, folks, right, especially that these powerhouse crypto exchanges are helping these trat FI institutions to offer crypto, and the TRATFI institutions are doing this because they don't have to spend years trying to to build a product out.

Now you believe eventually they will, you know, as they start making money and you know their R and D, the department is going to look at what coinbase is doing, what binance is doing, and they're going to build out their own stuff. But right now, with the race to get to market and to provide this access and not lose clients, they're going to go this route. And it

makes sense. It's very easy, and this is a huge win for these exchanges in the crypto industry that these trad fin institutions are capitulating to the crypto acid class, but they have to use the crypto exchanges to power it. Now. I've often mentioned that, you know, the banks were the ones lobbying Elizabeth Warren and Gary Genser to attack the crypto industry, and they've clearly given that up and they've lost, and now they have to capitulate crypto as across the chasm.

It's no longer fad, it's no longer taboo. It's no longer this nascent acid class. They better get on board right or they will have their blockbuster moments. So huge news here. Now crypto's global. It's a global acid class,

in fact, the first truly global acid class. And look at this. Kazakhstan debuts state Back Crypto fund with BnB. Now you may say why BnB, Well, you guys know they assign cz Binance's founder and former CEO as an advisor. So this is why you got BnB of all tokens kicking it off here. And I'm not anti BnB, but you know it's an exchange token and most people know that that's kind of its use case for the most part, versus if you look at ethereum, XCERP, Ledger and others. Right,

So very interesting move here. So Kazakhstan has established a state back Crypto reserve in partnership with Binance, making the country's latest move into digital assets. Marking the country's latest move into digital assets. The initial digital asset in the fund's portfolio is BnB, the utility token that drives transactions, fees, and governance on Binance's blockchain. According to a Monday announcement

on the Kazakhstan government's website. The announcement did not specify how much BnB was purchased to see the fund, nor did it give any details about what other crypto investments might follow. The fund, named Alem Crypto Fund, was created by the Ministry of Artificial Intelligence and Digital Development and is managed by Quasstan Adventure Group under the Astana International Financial Center. Here's a quote. The primary objective of the fund is to make long term investments in digital assets

and bill strategic reserves. Very bullish needs. Here you got countries buying, you got digital acid treasury companies buying, and of course you got trad fi institutions like black Rock and others buying. Lots of demand for this acid class, and I'm glad I'm here. Early I bought the lows and the bloody bear market. Right when people were screaming this is all a scam. They weren't educating themselves, They're just reading headlines. But now again we've crossed the chasm

for adoption. All right, Moving ahead, NASDAK listed Predictive Oncology,

launches three hundred and forty four million dollar deepen Treasury focus on ether If I'm saying that writer ether ae t Hi R. This is the first time I'm hearing of this. I'm a big believer in decentralized physical infrastructure network is also known as deepen, and it's really interesting that you have a new digital acid treasury company going beyond the top twenty tokens, right, your normal bigcoin xrpiece, Solana, Etherorem and others, and going with this token I've never

heard of. So you're going to see a lot of plays like this. This is very interesting, so predictive oncology, a biotechnology company specializing in AI driven cancer research, has announced a three hundred and forty four point four million dollar digital acid treasury centered on the ether's ATH token, marking the first time a NASDAK listed company will hold

and actively managed tokens from a decentralized physical infrastructure network. Now, I don't know how well this is going to work out for them because I've never heard of this token. It sounds like it's new and it's not, you know, one of the tokens that has a lot of the liquidity like the tokens in the top ten. Right. So the capital strategy has developed with guidance from DNA Fund, a Web three investment and advisory company and BTIG, which

served as placement agent Predictive Oncology disclosed Monday. It was structured as two concurrent private placements in public equities combining cash investment with crypto pipe involving in kind contributions of ath tokens. DNA Fund said in a separate announcement, So let's see how it works out for them. You know,

the rising tide lifts all boats. When this market goes crazy and all these different random coins start popping off, it could work out well when the bear market comes, you know, as the saying goes, when the tide goes out, we'll see who's swimming naked. So again, not hoping for anything bad to happen. Just if I was doing a digital acid treasury, I would more so go with the more liquid tokens in the market. But hey, we'll see what happens. All right, folks, that's the news. Let me

know what you think. Leave your thoughts and comments below, especially about the Swift news. That's a big one, right. They are full on capitulating, all the banks, all the stock exchanges are bending the knee. Obviously. We heard just this last week Vanguard is finally capitulating, so all the naysayers, all the people on the fence jumping into the acid, class and industry folks. So, folks, if you appreciated the content, please be sure to subscribe to my free email newsletter.

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