¶ Intro
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 hit that subscribe button as well as a thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or wherever you get your podcasts, please be sure to leave a five star rating and be sure to follow. Okay, folks, let's quickly take a look at the price of bitcoin,
¶ Bitcoin analysis
because bitcoin did have a pullback. It's currently trading at just over seventy thousand dollars. Now. From a chart perspective, things still look good, but we could see further downside tomorrow or into the weekend, and it could invalidate a lot of things. Right now, there's higher highs and higher lows that are forming. Bitcoin is in the middle as far as the artist size concern. It's away from the
oversouled and it's also away from the overbought. So there is kind of a crossroads here of what Bitcoin may want to do. So we want to see a reversal pretty soon, guys, because the bull based on the MACD are losing control on the daily chart, so let's see how it plays out again. The higher highs and higher lows are still playing out here for this relief rally again, not a move to new all time highs, just simply a relief rally. Something that is not a good sign.
Jim Kramer today tweeted out, it is very over sould talking about the markets now he's primarily talking about the stock market. But you know everything has been down. So let's see, guys. I don't know if this is it for the relief rally or we still go up a bit higher touch eighty k or so between eighty eighty five K and then rollover. We'll have to wait and see. Obviously, we got to be patient and let things play out. Now, we have an update here around Morgan Stanley's application for
¶ Morgan Stanley Bitcoin ETF
a big TWINYTF Most recently we heard that they're looking to do this. Well, they have filed a new form with the SEC for their spot bigcoin ETF revealing the ticker symbol will be MSBT. So we are continuing to see the dominoes fall on Wall Street with the biggest institution adopting crypto in many different ways, whether they're launching investment products like ETFs, they're using stable coins, they're using blockchain technology in different ways for tokenization and much more so.
This will establish another on ramp to allow more capital to come into the market. And obviously they're going to start with bitcoin and then they're going to do all coins. Right, We've seen this process with many other institutions. Now look
¶ Evernorth XRP Nasdaq
at this news. XRP Treasury ever North files with the SEC to list shares on the nasdac SO. I had interviewed the founder of ev North, Ashishi burrow Up. I think it was last year, and as stated, they're looking to be the dedicated XRP digital Asset treasury. So they have submitted a key filing with the SEC, putting it a step closer to their goal of going public on the NASDAQ Stock Exchange. The Ripple Labs back firm announced plans to go public in October through a merger with
a special purpose acquisition company, Armada Acquisition Corp. Too. In a statement on Wednesday, Evernorth announced that it had filed a Form S four registration statement with the US SEC, marking the final regulatory hurdle before launching via a spack and the ticker symbol will be XRPN, So this is
really great. Ever, North stated in October that it expects the merger to generate one billion dollars in gross proceeds, which will be primarily used to build an XRP treasury, with a smaller portion of the puns being allocated to operating and deal expenses. So this is really great, and this will give a lot of different institution exposure to XRP in a different way, of course, via a stock. Okay, moving ahead, Europe's largest asset manager, Amundi, has launched a
¶ Amundi tokenized fund Ethereum Stellar
one hundred million dollar tokenized fund on ethereum and a stellar blockchain. So we're seeing tokenization across the globe and they're using multiple chains. We've often talked on this podcast that it's going to be a multi chain world. There's not gonna be one chain to rule them all. If
anyone is telling you that they're lying to you. And on the flip side, I don't believe there's gonna be a billion blockchains, right, There's gonna be certainly a good maybe top ten to twenty that are gonna be used in different ways different industries across the world. Maybe a bit more, you know, maybe top thirty or so right, but we're gonna have to pay attention to which ones get the adoption and the building that happening on them,
and they continue to upgrade and improve things. Now, speaking
¶ Apex Group Polygon Tokenization
of tokenization, apex Group tokeny taps Polygon to debut chain for compliant tokenize RWA. So this is a clear example of a multi chain world. Polygon, of course, is a blockchain has been around for a long time. It's an Ethereum layer two. I am a Polygon token holder. The token used to be called matic and has been renamed. So let me give you the details. So apex Groups tokeny has tapped Polygon Labs to launch t rex Ledger.
That's an interesting name. A comply Vane's focused blockchain designed to help regulated tokenized assets move across networks without repeating investor checks and transfer restrictions. In a Thursday release shared with coin Telegraph, the project said it targets a key
friction point in tokenized markets. ERC three six four three is in Athereum based token standard for permission tokens representing real world assets that can support compliance issuance of RWAs, but identity checks, eligibility rules, and transfer restrictions often remain fragmented when the same assets is distributed across multiple chains. T rex Ledger is being pitched as a shared compliance layer that other chains can query while settlement continues to
take place on external networks. Built with Polygons Chain Development Kit and connected to ag layer, the system is intended to act as a common registry for investor eligibility and transfer rules across tokenized securities. So we continue to see innovation and building from different chains, new products as relates to tokenization and much more so. This is a very
good sign, guys. A lot of building happening here in the bear market, and that's typically when you do see a lot of really really innovative things because people are not focused so much on marketing or the price action. They're just building, right. It's kind of a quiet time, and I've seen this. I've gone through many cycles and I've seen this time and time again. So really great to see all the new things that are being developed,
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¶ Canton FalconX IPO
moving ahead, Wall Street heavyweight Canter among investment banks pitching falcon X for its potential IPO. So we continue to see crypto companies are playing to go public, whether that's an IPO or via a SPAC. Most recently we heard about Abra, the crypto wealth platform founded by Bill Barrheight they're looking to go public viaspac. You also have the
tokenization from Securitized looking to do that. However, I think a lot of firms are going to put a lot of things on hold because of the bear market and all everything that's happening from the macro with the war and much more. Just yesterday I reported that Kraken they are looking to put a pause on their IPO until market conditions improve. So you're seeing some of the big Wall Street names getting involved, So Cantor Fitzgerald that is, of course Howard Lutnick's firm. He works now with the
Trump administration. And we've seen Goldman, Sachs and Jpmore and all these other folks looking to be involved. So it's pretty incredible what's happening. And it's just signs of the times right Crypto companies are rising in prominence and looking to go public. So some details. Cantor is among the firms pitching falcon X for its potential IPO, though no
bankers have been formally appointed yet. According to these sources, falcon X, an institutional focus crypto prime broker, is evaluating listing plans as a tough digital asset market has seen firms such as Krack and Positive IPOs. The company has been scaling through acquisitions, while Cancer deepens its footprint in the crypto markets. Okay, moving ahead, Coinbase's Bitcoin yield fund
¶ Coinbase Bitcoin Yield tokenization
goes on chain with Apex's tokenization push so coinbas Asset Management is launching a tokenized share class of its Bitcoin yeal fund on Base in partnership with three point five trillion dollar fund services Giant Apex Group. The launch underscores a broader push by major asset managers to bring funds on blockchain rails to cut costs, speed up settlement, and expand distribution. Available initially to non US investors' Coinbase Asset Management said it plans to bring the US version of
its Bitcoin yeal fund on chain as well. So we're seeing all types of innovation when it comes to these financial products. So this is interesting. And putting in a tokenized format allows you to distribute it globally and have it run twenty four to seven, so very very interesting moving ahead. Singapore based ride Ryde adopts crypto treasury strategy,
¶ Ride Share Company Crypto Treasury
So this is an interesting one. A Ride Group, a Singapore based ride sharing and carpool platform similar to Uber or Lyft, said Wednesday it has adopted a crypto treasury strategy for its corporate reserve. The company said it will invest a portion of its corporate reserves into bitcoin, ether and Solona, with specific allocations and time of purchase to
be determined by a governance team at Ride. Ride cited the evolving macroeconomic environment as a reason for adopting a crypto treasury, and said that the option to invest portions of its treasury in digital assets gives the company more flexibility in how it manages its treasury operations. Folks, this is really great. This company clearly has nothing to do with crypto, but they are recognizing the power of crypto in this new acid class and how it has performed
very well over the past decade and more. And notice they're not doing the Michael Saylor craziness of going and raising insane amounts of debt to buy They're just taking some of their corporate reserves. And I think this is the safe model that many of these businesses and corporations can use because they still have their day to day business running, you know, and ways of generating revenue. And I think it's smart of them to take a portion of their reserves and put it into crypto. And that's
what Tesla and SpaceX have done. In some other companies, it's just a Michael Sailor's way of doing things have kind of drowned out. You know the normal logical way of doing it, which is this, And again, I don't want micro Strategy to fail. I don't want Michael Sailor to fail because I think I would be detrimental to
the market. But I do believe he's taking a risk by leveraging up so much, right, so much debt being raised and just to buy bitcoin, and his company itself is not doing that great when it comes to revenue, so it's now become just a bitcoin treasury company. The the ethos of the company has kind of disappeared, right, So, but this is really great news and it's amazing that it's happening globally. It's global trends to have a crypto treasury, so this is really great. Final news item here the ECB,
¶ ECB Digital Euro
the European Central Bank, seeks experts to help integrate digital euro into ATM's card payment terminals. So again, guys, globally we are seeing the integration of stable coins, books, CBDCs, crypto, blockchain tech and much more so. It's amazing what they're looking at. These governments are looking to do. And we've talked about it at nauseum. The future of capital markets, economies,
and governments will all run in blockchain rails. So European Central Bank is recruiting experts to help draft rules for how a potential digital Euro would function in everyday payments, focusing on ATMs and in store card terminals. One workstream will define how payment services process digital euro transactions, including offline use and compatibility with existing standards, while another will
design a certification process for payment tools and infrastructure. The Digital Europroject, now awaiting political approval with a possible rollout by twenty twenty nine, is advancing alongside the Quidvalis initiative, in which twelve European banks plan to launch a europeg stable coin in twenty twenty six. Folks, I think by twenty thirty we're going to see stable coins and even CBDCs running through the rails of at least more than
fifty percent of payments. I'm not saying one hundred percent. I think you know, to get the other fifty percent, it will still take time because you know, certain parts of the countries and the economy need to be upgraded. Right There are people living at different income levels, and you guys understand what I'm saying, So it will take time to get all that up and running. But they're not slowing down here, these governments, and you have to
pay attention, you know. I'm in here in the United States. We're still looking for the anti CBDC bill to be passed into law, and they're as being some drama recently where certain folks have said, yeah, yeah, we'll pass it, just put a sunset feature where you know, the band kind of ends by twenty thirty. Now some people are fighting back on that, so we'll see how that plays out.
There's still people who want to push that. And while they may do something now, if they don't put something in law, you know, future president could come along and take advantage of that. And that's this is why I've been saying for years. Be vigilant. And it doesn't matter that they put this bill together. It hasn't been passed yet. Until it's signed into law, it's all just you know,
smoking mirrors, right, and we got to watch out. You know. Again, I live in the United States and I believe in the US Constitution, so I'm gonna look keep looking at them, paying attention. Don't get distracted by other things, guys. This is an important one because the potential for governments to abuse this man. It is unlike anything else we've seen historically because if they can program your money and control that, and we're in a digital world, it's going to be
easy for them to use that against you. So we got we gotta pay attention. And I'm just the things I was talking about for a long time. You know, some of it is coming to fruition here where there's you know, people trying to slow down CBDC bands and much more. All right, folks, that's the news. Let me know what you think. Leave your thoughts and comments below. Hit the thumbs up button subscribe if you haven't as yet. Folks, be sure to support the podcast by subscribing to my
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get fifty percent off the cost. Guys. So, this is a great course packed with tons of expert commentary and much more so, check it out at my crypto course dot com. All the links will be in the description. Folks, thank you so much for tuning in. I appreciate you all, and I'll talk to you all later
