UDSKRIFT 🔗
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Hey folks, welcome into the Thinking Crypto Podcast, your home
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for cryptocurrency news and interviews. I'm your host, Tony Edward.
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On your way in, please hit that subscribe button as
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well as the thumbs up button and leave a comment below.
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If you're listening on a podcast platform such as Spotify
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or Apple, please be sure to follow and leave a
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five-star rating. Okay, folks, we have to start with the
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price of Bitcoin because we're seeing some very bullish things
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on the chart. Looks like Bitcoin's setting up for that
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big move upwards to, let's say, 90 to 92K, possibly higher.
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Here on the daily chart, we see the MACD is
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about to flip bullish. So right now it is under
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the control of the bears, but it's losing momentum where
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the red candles are getting smaller and lighter. So if
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you know how to read this signal, it is an
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indicator of the momentum. So bears had that momentum for
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the past few weeks. where we've been chopping sideways, the
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price has been going down a little bit, and we're
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about to flip. So it could happen later this week
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or early next week where Bitcoin starts to break out
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and move higher. And of course, the higher time frame
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has been telling us the story. The Bitcoin weekly chart,
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still bullish. The MACD shows the bulls are in control.
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The RSI is not in the overbought zone and the
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bullish divergence continues to play out. And we're seeing a
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lot of activity from ETFs, which is very good. So
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the BlackRock iBit Bitcoin ETF saw a huge surge in
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inflows yesterday. And it was the highest or the biggest
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amount since the start of 2026. So we're seeing some
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dip buying here preparing for the next move up. And
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what's really good, you know, I mentioned this boring sideways chop.
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That boring sideways chop has been bouncing off the key
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support levels. So we're still holding above the May high,
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which is a key resistance level. So we've turned it
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into support, which is really, really great. And this is
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happening with the backdrop of geopolitical issues, right? And Bayer
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is going around saying it was going to be Black
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Monday and there's a black swan event coming. And it's like,
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if you know anything about black swan events, you can't
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predict it. You can't go around saying a black swan
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event is coming on Monday, right? That's ridiculous. That is
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not the definition of a black swan. So the bears
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are getting desperate here because we are about to see
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a major, major move. And again, the bullish divergence playing
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out beautifully. Bitcoin holding that support. So. Big move is
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coming soon, folks. Just get ready. Now, we get some
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updates here about a new Bitcoin ETF in Switzerland. So
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Swiss regulator FINMA approves country's first spot Bitcoin ETF for
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retail investors. So again, guys, we're seeing across the globe
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the on and off ramps being set up for both
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retail and institutional investors. So look at this, right? An ETF,
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the first Bitcoin ETF in the country. Now, you know
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what's going to happen. They're going to launch the first
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Ethereum and the first XRP and the first Solana. We've
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seen it time and time again. So Switzerland already has
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Bitcoin exchange traded products, but the newly approved ETF falls
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under a different regulatory framework for investment funds. FINMA made
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an exemption to its diversification rules for the Bitcoin ETF
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and outlined safeguards for custody, operational risk and investor disclosures.
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So very bullish ETFs. We're seeing all types of crypto
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investment products being launched across the globe. Now we have
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some Chainlink news. Open Zeppelin, recently acquired by S &
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P Global, embeds Chainlink's CCIP and compliance tools natively across
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its smart contract platform, creating a unified security and interoperability
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stack for institutional on-chain operations. We continue to see Chainlink
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getting huge adoption by crypto native projects and
Load full transcript
firms and
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TradFi institutions. So Chainlink CCIP is being used by Swift
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and other banks. So I'm bullish on Chainlink. Now, you
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may have caught my recent interview with Andrew McCormick of Chainlink.
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He's the head of institutional there. And he talked about
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in the interview, Swift using Chainlink, DTCC using Chainlink and
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much more. So if you haven't seen that interview, be
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sure to check it out, folks. We're seeing incredible, incredible
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adoption happening across the board for Chainlink here. Now, folks,
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quick word from our sponsor. This episode is brought to
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you by FortisX. Guys, let's be honest. The crypto market
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has been moving sideways for a while now. A lot
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of people are just sitting on their coins waiting for
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the next big move. But while you're waiting, your crypto
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All right, moving ahead. The OKEx ICE co-chair, Andrew Cuomo,
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calls corporate objections a natural response to tokenized stock plants. Now,
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to give you some context here, OKEx exchange partnered with
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the Intercontinental Exchange, which is the parent company of the
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New York Stock Exchange. to bring tokenized stocks to the market.
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Andrew Cuomo, as it says here, is the co-chair, and
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we recently highlighted a lot of companies coming out against this,
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saying they don't want their stocks tokenized or listed on
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this platform. Now, like I said in the previous episodes,
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the regulators like the SEC and some sort of association
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needs to form here to bring these parties together to
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come to an agreement, because I understand why these companies
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are coming out and saying, hey, wait a minute, wait
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a minute, we don't have all the details. We need
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to figure this out. So we got to bring everybody
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to the table and iron out the rules and what,
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rights and what carryover of benefits do shareholders have if
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they have the tokenized version of the stock, right? So
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let me give you some details here. A growing list
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of companies rejecting tokenized trading of their shares is an
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expected part of testing a new market structure, Andrew Cuomo,
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co-chairman of the OKEx Isaac Joint Venture, said after Microsoft, Alphabet,
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and Goldman Sachs joined the objectors. This is a very
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natural response. Cuomo said during a press call on Tuesday.
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The model was designed to give companies the right to
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determine whether they want to opt in or opt out.
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We always anticipated that because this is such a dramatic
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and revolutionary change. Many companies would want to wait and
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see how it goes rather than be the first to participate.
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He's absolutely right. But I think there's still a missing
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gap of, you
know, even for the shareholders and again,
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voting rights and all these things. Right. what happens? What
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carries over? And, you know, if a lot of people
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go to the tokenized version, what happens to these companies, right?
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And the things they want to do. So still a
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lot of things to be sorted out here. His remarks
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followed a Monday public notice showing 16 companies had objected
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to having tokenized versions of their shares traded on OKEx Ice,
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the planned venue from the crypto exchange OKEx and New
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York Stock Exchange parent company Intercontinental Exchange. So again, we
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got to bring these parties to the table and figure
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it out. And I think that's where the SEC and
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some of these regulatory agencies have to get in the
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room and bring everybody together to figure it out. Now,
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BitGet plans Thai crypto exchange acquisition weeks after the $ 388
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million hack. So this is interesting that they're trying to
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acquire an exchange after this hack. And don't get me wrong,
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you know, they're making users whole. You know, they have
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the plans to make sure people are covered. But still,
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they may have wanted to put a little distance between
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the hack and what's happening here. But nevertheless, I think
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a lot of companies are looking to expand globally. They're
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going public. They're expanding their businesses. They're buying other companies.
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So this is very, very interesting. So the proposed transaction
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involves BTGT Management out of Thailand, a company in which
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BitGet says it holds an interest, according to an announcement
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shared with Cointelegraph. The acquisition will allow BitGet to introduce
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its trading platform to Thai users. Here's a quote. Thailand
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is an important part of Southeast Asia's digital asset landscape,
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and this acquisition gives us a great opportunity to establish
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local operations in a thriving country, said BitGet CEO Gracie Chen.
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Very interesting. And again, the asset class is maturing and
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growing and we're seeing big moves because there's a huge
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race to grab as much market share as possible. Now,
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we have some details around Injective. Many of you may
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know the Injective blockchain. I was actually at their summit
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in DC earlier in the year. So Injective partners with BDAX, B-D-A-C-S,
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to bring Korean won stablecoin to RWA ecosystem. So a
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couple of things here. You got these blockchains. working with
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governments and different firms and to bring stable coins and
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different blockchain technologies to the market. So the partnership aims
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to enable trading and settlement of tokenized assets directly in
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Korean won on the injected blockchain rather than routing through
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dollar-denominated stablecoins. This move comes amid South Korea's regulatory developments
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to establish a framework for Korean won-denominated stablecoins. So again, guys,
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the future economies, capital, markets, and governments will all run
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on blockchain rails. And this is where you want to
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take your bets on the blockchains that are getting adopted.
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And there won't be one blockchain to rule them all.
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So if anyone's telling you that, they're lying to you.
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So clearly, you see Injective here is being selected by
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the South Korean government. And other countries may use other blockchains, right?
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And maybe a handful will use the same blockchain. But
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the point is, there's going to be multiple chains, right?
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And this is where you want to take your bet,
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do your research. And this is really great for Injective
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and really big in South Korea. They are a very
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big market for crypto. I'm sure many of you have
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seen the volume coming out there, a lot of adoption there.
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And clearly they want to have their own Korean won
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denominated stablecoins trying to not have the U.S. dollar stablecoins
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take over their market, right? Which makes sense. Every country
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is going to do the same thing. Not to say
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they're banning the U.S. dollar stablecoins. but they
want their
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currency to be the preferred in the country, obviously. So
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it's just amazing what's happening with this technology and the
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game theory that's playing out with it. Now, MasterCard opens
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early access to AI agent payments following pilots with Coinbase,
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Base and CloudFare. So yesterday we talked about Visa and
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MasterCard and the things they're doing with stable coins and
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the news there. So MasterCard, these guys are not slowing down.
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The amount of innovation they are putting out is incredible.
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So MasterCard has opened early access to agent pay for machines,
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making its first buyer and seller side APIs, developer toolkit
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and sandbox available through the program. The company demonstrated the
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system at Cloudflare Connect and where an AI agent made
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nine payments across two merchants. And of course, it is
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using stable coins, not only stable coins, because here they
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mentioned It's support for spending controls and card bank account
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and stable coin payments. So some agents are going to
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use credit cards, right? So if it's like a domestic thing,
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but if you're looking to do international commerce and running
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24 seven stable coins are an option. So. It's amazing
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what is being built here by these big institutions, credit
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card companies, stock exchanges, asset managers, banks, and more. I mean, man,
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this is the news you gotta send to the crypto
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and blockchain skeptics so they understand what is happening. Now,
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moving ahead, Bitwise Hyperliquid seek SEC rule changes for token
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trading and airdrops. The firms are seeking clearer guidance on
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the classification of crypto assets in secondary market trading as
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the SEC's public comment period comes to a close. So...
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The regulation crypto assets rule that the SEC put forth
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about a month or just over a month ago, which
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handles token issuance. Everyone started submitting their comments and that
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public comments window has been closed. So we'll see what
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updates the SEC makes here. But let me share what
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Bitwise and these folks have to say. In an October
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19th comment letter, Bitwise Asset Management urged the SEC to
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clarify how investment managers should determine whether a crypto asset
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is subject to securities laws, arguing that managers need a
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standard they can apply using publicly available information. The firm
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also sought clearer rules on when managers can rely on
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an issuer's proposed form TR filing, which would certify debt
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and investment contract has ceased to exist and how they
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should access tokens when no such filing exists. So obviously,
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This is why the SEC has those comment periods to
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make sure they fill in all the gaps and they
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don't miss anything. And it's great that the industry, a
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lot of folks have submitted comments and, um, You were
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gonna get an updated version of this regulation, but this
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is the big one, right? This one covers token issuance,
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essentially ICOs. So more than 100 submissions have been submitted
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so far. So the SEC has a lot of work
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to do here. So this is really good. This is
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what we wanna see. And we'll get there. Look, the
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Clarity Act didn't pass, but the SEC would have to
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do this anyway, right? Because some of this is in
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the Clarity Act, but not fully. The Clarity Act is
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just that overarching law that makes sure that none of
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this stuff can be rolled back. But the SEC would
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have to go through these things individually, put out the comments, period,
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get the feedback from the industry, and then make updates, right?
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So this is all good. And guys, I think once
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they get this respective regulation right you will see institutions
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and companies and brands launch tokens because they will know
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what the guardrails are they know they can have this
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the assurance that hey i can launch a token i'm
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not going to get a wallace notice or a lawsuit
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right i'm not going to
violate securities laws and uh
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don't be surprised if you see like amazon or nike
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and these firms launch tokens and reward tokens, right, that
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can trade in the open market, but also benefit you
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if you hold it with Nike and use it within
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their ecosystem. Don't be surprised if you get staking rewards
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from these things. And again, it gives you benefits, right?
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And if you have a incentive that strong, you would
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want to continue to use the token and use it
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with the brand. And of course, if you already love
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the brand, it's a win-win. So I think that's coming. Now,
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We got to wait for this regulation here to be
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ironed out and all, again, all the gaps filled in
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and the SEC says, here's the final version. And then
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I think we're going to see a lot of innovation.
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A lot of people are going to launch tokens because
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they will have the guidance, right? It will also allow
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for a lot of smaller entrepreneurs and innovators to launch tokens.
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And again, it's registered with the SEC. So there's going
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to be less rug pulls, if you want to put
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it that way, or scammers, right? People who just launch
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coins to rug you. I mean, we see that with
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the meme coins, but I think you're going to see
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legitimate entrepreneurs who are building cool things. They go in
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and register with the SEC and whatever it may be.
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They launch their tokens. It's all regulated. Don't get me wrong.
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Bad actors will try to take advantage, right? As always,
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we can't stop that. That's part of human civilization. But
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the point is, we're going to see a lot of
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unlock of innovation, right? So I may look at doing this,
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you know, depending on what I'm trying to build and
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I'm not going to share what it is yet, but
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you know, obviously I would go the regulatory route and
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make sure everything's good. And you, for example, use the audience.
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If you want to invest, you don't have to, but
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you may say, you know what? Hey, this is Tony
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launched a regulated ICO registered by SEC. Everything's copacetic. Let
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me see if I can bet on what he's doing.
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And again, you don't have to invest. I'm not saying
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trying to push anything on my end, just I'm trying
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to highlight, this will open up a lot of opportunities,
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even for smaller entrepreneurs and things like that. So this
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is a very game changing regulation and guidance here. So
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stay tuned on that, uh, on this, I should say.
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All right, guys, that's the news. Let me know what
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you think. Leave your thoughts and comments below. Hit the
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it is packed with expert commentaries. You know all those
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people I've interviewed? I ask them specific questions that have
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not been published publicly, and they're in the course. And
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I will be in there answering questions. When you sign up,
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Go to MyCryptoCourse.com. Folks, thank you so much for tuning in.
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