WEBVTT
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I've got big crypto news for you. PayPal has opened
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up crypto trading for businesses, and Visa has launched its
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tokenization platform for banks, and Finance has launched spot trading
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with actual tokens. I'll give you all the details. Let's
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get into it. Welcome into the Thinking Crypto podcast. You're
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home for cryptocurrency news and interviews. I'm your host, Tony Edward.
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On your way in. Please sit 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 leave a five star rating and review. Folks.
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I want to start it off by highlighting that black
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Rock yesterday had inflows of near one hundred million dollars
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into their ETF. That's a very good sign we've seen
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when the price starts to move up, that's when the
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inflows come in, and you know some of that is retail.
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They move with the price instead of buying the lows.
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But this is still not a bad entry price given
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we are still in the middle of the book market
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and headed into the last phase or the fifth wave,
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where we may see a blow off top by early
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Q one of next year, but good to see inflows
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coming in and there's less outflows. Now. The big news
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of the day, folks, PayPal has enabled business accounts to buy, hold,
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and sell cryptocurrency. This is huge news. They put out
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a press release today. Let me give you the details.
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PayPal Holdings Incorporated announce it's enabling its US merchants to buy, hold,
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and sell cryptocurrency directly from their PayPal business account at launch.
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D functionality for business accounts will not be available in
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New York State. Today's announcement is PayPal's latest step to
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increase cryptocurrencies utility by making increased functionality available to millions
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of merchants in the US. Folks, you got these payment
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giants like PayPal and Visa and so forth, all building
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the infrastructure not only for retail, but for institutional investors
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and for businesses. So I hope you see how all
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this is going to work. Set up like the Fiat
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system where you can buy and sell and trade and
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do all these things. So all these features and functionality
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is being built for crypto. I mean, that's just incredible, right.
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So the ability for merchants to to accept crypto and
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pay with it, they can do whatever they want with it,
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and obviously retail already has access to PayPal and Venmos
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set up with crypto trading. So here are some more details.
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Since we launched the ability for PayPal and Venmo customers
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to buy, sell, and whole cryptocurrency in their wallets, we
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have learned a lot about how they want to use
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their cryptocurrency set Jose Fernandez, Senior Vice president of Blockchain,
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Cryptocurrency and Digital Currencies at PayPal. Business owners have increasingly
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expressed the desire for the same cryptocurrency capabilities available to consumers.
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We're excited to meet that demand by delivering this new offering,
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empowering them to engage with digital currencies effortlessly. Folks, this
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is so bullish. I hope you see what's happening here.
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This is what you want to see as a cryptocurrency holder. Now.
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Here's what the CEO of PayPal, Alex Christ posted on
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LinkedIn about this news. He said, We're thrilled to share
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that starting today, PayPal business account holders can buy, hold,
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and sell cryptocurrency directly with their accounts. This marks a
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significant milestone in enhancing the utility of digital assets for
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millions of merchants in the United States. As we evolve
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our platform, we're also gaining invaluable insights into the role
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of cryptocurrency in the digital payments ecosystem and continuing to
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shape the future of commerce. Now, it's important to note
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that PayPal has a stable coin called pyusd and this
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is a very smart strategic move by PayPal because many
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merchants will be able to easily use p yus the accepted,
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spend it and so forth because it's denominated to the dollar.
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It's a stable coin, right, you guys know how it works.
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So smart move. PayPal has been ahead of the curve
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when it comes to crypto, and you know game theory
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will play out here. Their competitors are going to follow,
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the banks are going to follow. So so bullish guys.
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And here's some more bullish news. Visa, the credit card giant,
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to help banks issue FIAT backed tokens on etherorem via
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new tokenized asset platform. Now, we had gotten some news
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about this a couple of weeks ago, or about a
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week and a half ago, but we got more details
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and I think it's more official now. So Visa's Tokenize
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Asset Platform VTAP will enable the development of fiat backed
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tokens powered by smart contracts to help digitize and automate
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existing processes that will then power the exchange of real
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world assets RWAs. According to an announcement seen by coindus,
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a bank would use Visa's new platform to purchase tokenize
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RWAs such as commodities or bonds with near real time
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settlement using a token. This statement said one of the
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first financial institutions to use v tap will be Spanish
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bank BBVA, who expects to roll out a live pilot
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in twenty twenty. Folks, what have I've been telling you
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all for years? I know I sound like a broken record.
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We're headed to the token economy. Everything running on the blockchain,
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Even your traditional assets like stocks, bonds and commodities tokenized
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on the blockchain. Twenty four to seven, trading, three hundred
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and sixty five days, no more opening and closing bell,
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no more closed on weekends, no more holidays closed, and
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it's a truly global market and it's all running on
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the blockchain. Now you may say, how can I benefit
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from this? Well, it noticed they're building on etherorem. If
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you're an e token holder, you will benefit from this
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adoption and the utility on the blockchain, because one of
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the ways that blockchains have evaluation is the network adoption.
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Metcalfs law study that look at Facebook before they even
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had a business plan on how to monetize user activity,
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they were worth millions. Why because they had activity on
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the platform that was potentially monetizable. Applied that same principle
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here to these blockchain networks, which have an actual token,
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then you see the potential, right. And remember this is
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not a US base blockchain, it's a global blockchains, as
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many blockchains are, so anyone from around the world could
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tap into the network, build on them, especially the public ones, right,
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not the private ones obviously, And then you have the
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public token trading on the markets, and the token helps
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decrease the wheels of the network. So this is, as
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I've said before, the next layer on top of the
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Internet and the ability for us to move value and
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do instant settlement payments and obviously be able to transact
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in a faster way and be able to trust each
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other better, right, avoiding the middlemen, and everything is locked
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up in smart contracts, so you're able to verify it.
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You don't have to trust, you can verify it instantly,
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so incredible stuff, folks. I'm so bullish on the outlook
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of this asset class. And watch what MasterCard and watch
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what the other players are going to do. I said
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before game theory will play out here now. A great
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place that you can buy etherorem and other all coins
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including bitcoin is on Uphold. They have three hundred plus cryptocurrencies.
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I've been using them since twenty eighteen. I've interviewed the CEO,
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the CFO, and many folks there, so they are a
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trusted platform. I can vouch for them, and they are safe.
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They don't commingle or lend out your funds, and they
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have a lot of great features that you can check out.
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You can take a look at their transparency reports. So
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they're fully reserved. And they just launched a really cool
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product that I'm using. It's called USD Interest Accounts, So
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it allows you to park your cash, whether it's your
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dry powder or your crypto profits, and earn up to
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five percent apy per year. The five percent is only
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for accounts what one thousand dollars are higher. Below one
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thousand dollars, it's two percent. But best of all, folks,
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there's no lock ups, there's no fees, there's no subscription
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or whatever it is. You can pull your money in
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and out and it is FDIC insured just like a bank,
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so't have to worry about your funds getting stolen or
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loss or things like that. It's all covered. So, like
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I said, I'm using this product. If you like to
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learn more about Uphold, check out the link in the description. Now, folks,
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we've got some updates here around Kamala Harris and her
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crypto policy, which, let's be honest, hasn't been anything. We've
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heard some very small statements. Just recently, she spoke to
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a Wall Street crowd which I reported on, and said
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she's ready to support crypto and along with AI. Well,
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there's some documentation of that on her website. Now, you know,
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in regards to the economic plan, but it's a sentence.
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So this is nothing compared to what Donald Trump is outlined,
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I mean, fully flushed out plans right, what he wants
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to do with bitcoin and the United States purchasing bitcoin,
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using it at a reserve asset. He said he would
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fire Gary Gainst and all that. We've at least got
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some clarity on Donald Trump's side. We don't have much
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on Kamala Harris's side. I'm still optimistic that we may
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get something, and that is not an endorsement to go
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vote for Kamala Harris. So all the Trump people, please
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don't attack me. Please understand my position. Once again. I'm
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trying to make Crypto bipartisan because you need both Democrats
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and Republicans to get this bill through the c through legislation,
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bill through the Senate. And I've been to DC. I've
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seen things. You guys may be looking at it from
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the outside, but I'm telling you what I know from
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the inside, and with the advocacy and lobbying that's happening,
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that over two hundred million dollars that is with the
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Superback is donating to vote Democrats and Republicans, just so
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you know, right, so we need more. I actually tweeted
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out at Anthony Scaramuchi and Mark Cuban, who vote said
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they're talking to the Harris team and said, hey, we
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need more details. I want to take Crypto off the
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election ballot. You guys can vote based on other issues
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happening in the country, which are many, and that's fine.
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Vote who you want to. I'm not here to tell
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you who to vote for. You're all adults. But from
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a crypto standpoint, I want it off the ballot, and
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that is my goal in pushing and putting pressure on
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Kamala Harris and her team. Here Congressman Rocanna, who I've
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had on the podcast. He's one of the top Democrats.
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He said speaking to Fox Business that he was encouraged
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by Kamala Harris's recent statement saying she would encourage innovative
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technologies like AI and digital assets. Here's a quote. Look,
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you can't be against bitcoin or crypto. It's like saying
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I'm against the iPhone or I'm against the laptop. It's
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just a technology. Yes, we need smart regulation, but it's
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a modern store of value in a modern payment system.
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It's a modern version of goal for a lot of
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young people. So he gets it right. He's in the
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Silicon Valley area. He understands tech. But you know the
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problem is Elizabeth Warren's voice has been very loud, and
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she's been coordinating attacks against the industry with Gary Againster.
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But we see that more Democrats are waking up every day.
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They're partnering with their Republican colleagues to pass bills and
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get things through the House and Senate. So we're making
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progress and Elizabeth warning garrigains who are losing now. Today
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Bill Maher, many of you know who he is. He
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tweeted a video about how bitcoin mining is bad for
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the environment and a whole bunch of fud, and he
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said the dirty little secret about crypto and no one
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talks about This seems to be an older video, but
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I don't think it is. But obviously the crypto industry
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weighed in and he got trolled and destroyed. But Brian Armstrong,
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CEO of Coinbase, tweeted at him saying, rare missed by
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Bill Maher, the community notes are on target, so of
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course there was community notes added to the video. He said,
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time to dig in deeper on crypto and avoid spreading misinformation.
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It's all good. It happens to all of us. Happy
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to chat anytime. So that was Brian, you know, talking
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to mar here saying, hey, bring me on. I'll give
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you clarity on what's happening. Now. Speaking of exchanges, we
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got big news around Binance. Here's the headline. Finance launches
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pre market spot trading service with actual choke. Let me
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give it to details here. So this pre market spot
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trading service will enable users to take early positions before
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a tokens spot market listing. Here's a quote. Binance is
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the only crypto exchange to offer pre market spot trading,
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whereby tokens will be exclusively allocated and generated for users
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to hold and trade in pre market on the Binance platform.
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The exchange set on Wednesday. While other exchanges offer pre
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market trading, they typically facilitate the trading of derivatives, whereas
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Binance is the first exchange to have actual tokens for
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users to trade during pre market. Binance's rival by Bit
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also offers pre market spot trading service, but it appears
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to effectively use derivatives rather than actual tokens, So this
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is cool. I like this. And Coinbase International's pre launch
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market service, on the other hand, involves trading perpetual futures
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contracts for tokens that are yet to launch, So really
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great move here by Finance like this, and I personally
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haven't done any pre market trading. I know some of
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you may have, but I like that they're using the
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actual tokens versus derivatives, you know, versus paper trading. It's
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the actual token, so I will always vote for the
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underlying asset being used. So that's really great. Big update here. Now,
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Ripple announced the following Unleashing the Power of AI on
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the XRP Ledger. We're excited to announce a new funding
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track dedicated to AI power projects. So we're seeing the
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conversions of AI and blockchain right and they have a
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symbiotic relationship. AI is helping to enhance certain attributes and
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benefits of blockchain, while blockchain is being used to police
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AI around the fakes and so forth. So I think
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Ripple recognizes this and they're trying to boost the building
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of AI projects and integration. So very smart move here,
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and if you're a developer can get a grant, so
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go check it out, all right, Moving ahead, Initia raises
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fourteen million dollars Series A at a three hundred and
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fifty million dollar token valuation. So we continue to see
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a lot of firms are getting funding guys, and that's
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a great sign to sign up the bull market. So Initia,
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a blockchain project developing a Layer one network and a
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system for interwoven optimistic rollups, has raised fourteen million dollars
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in a Series A funding round. Tumas Tongans Theory Ventures
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led the round with del Fi Ventures and hacked VC participating,
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Initias said on Wednesday, and they list the other angel investors.
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So the Series A round brings Initia's total founding to
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twenty two point five million dollars, which includes a seven
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point five million dollar seed round earlier this year and
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a pre seed investment from Binance Labs last October. So
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what the hell is Initia? Well, they are developing two
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main products, a layer one blockchain and a platform for
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interwoven optimistic rollups. We are holistically building a new multichain
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world across the architecture, product and economic stacks using the
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Initia l one and an interwoven system of l twos
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on set. Through designing an L one in tandem to
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a network of interconnected l twos, Initia has built a
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system designed for a roll up centric future. Now, you
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know some of you are going to say, oh my god,
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how many layer ones do we need? I know I
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feel that way sometimes and you look at sometimes how
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many Layer twos there are on etherorem. But this is
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a sign of a healthy market. You have competition, You
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have different entrepreneurs and innovators in a race to build
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the best blockchain and Obviously there's not going to be
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one blockchain to rule them all, but you're certainly going
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to have different blockchains that serve different use cases. So
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I love to see this that there's building this competition.
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And keep in mind, just as we saw with internet technology,
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there's going to be different iterations and some of the
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future blockchains are going to be way better than the
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ones we have today. Right. At one point, you remember
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we had the big brick cell phones and eventually now
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we have these incredible smartphones that are even better than
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the computers we had in the eighties and nineties. Right,
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So the technology just evolves, so you're going to see
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evolution of these blockchains and the future is bright, folks.
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It's great to see activity like this, and that's why
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these folks are getting money from investors because everyone is
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trying to bet on the best horse here, or multiple
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horses to see who might be the winner. So really
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really great sign final news item here. Layer zero activity
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surges four hundred and thirty three percent following second air
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drop announcement. So Layer zero, the cross chain messaging protocol,
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is witnessing a resurgence in activity, with daily messages raising
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or rising to ninety eight thousand. On Saturday, the search
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comes hot on the heels of the protocol, announcing a
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second aar drop, breathing new life into the ecosystem. The
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recent spike represents a four hundred and thirty three percent
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increase from the previous low of eighteen thousand, four hundred messages,
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signaling a renewed interest in the protocol. This resurgence is
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particularly noteworthy given the protocol's recent lull in activity, which
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had seen daily messages hovering around the twenty thousand mark
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for several weeks. The announcement of a second air drop
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appears to be the catalyst for this sudden uptick inactivity.
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Layer zero strategic movingcludes and interesting twists. Wallets that claimed
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ZrO tokens in the first air drop, which showed no
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subsequent activity, are excluded from this round, incentivizing sustained engagement
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with the protocol. This criterion serves as a clever mechanism
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to distinguish between genuine users and opportunistic air drop farmers,
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potentially fostering a more active and committed user base. I
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like that I like that they are given this incentivization
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of the air drop, but also putting filters like if
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you're not active, you're not participating on network, then sea
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right or not sea, but you're not going to get
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more benefits. So I think that's smart. More blockchains need
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to do that because you want actual users. You put
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out the incentive, that's fine, but you need people to
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actually use the platform now. To be fully transparent, I
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don't own any ZrO tokens. I haven't participated in any
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ear drops. Just letting you guys know. Some of you
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may have. But there's a lot going on in the
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crypto industry. It's hard to keep up. It's not possible
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00:18:22.799 --> 00:18:25.119
to be in every token or every hot project. Right.
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Sometimes I feel that fomo, and I'll give an example
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like Suwey. I'm feeling the fomo to go add some
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to my portfolio because I'm seeing big things. I'm seeing
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the price arch. But I've been doing my research and
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00:18:38.200 --> 00:18:40.359
making sure, hey, I'm not buying the top on some
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00:18:40.759 --> 00:18:43.920
local top or whatever it may be, and that I'm
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00:18:43.960 --> 00:18:47.680
not becoming exit liquidity. I'm being very transparent with you
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guys because I know there's some people who are new
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to this asset class and I don't want you to
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get caught and sucked in into the fomo and the
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00:18:55.200 --> 00:18:57.400
greed before you do your research. So you got to
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leave your emotions to the side. So I have not
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taking up position on Suy. I'm still looking. You know,
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if there's another big correction in the all coin market,
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00:19:07.079 --> 00:19:09.519
I might, but you know, I only have so much
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00:19:09.559 --> 00:19:11.920
capital to invest, and I bought a lot of my
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00:19:13.160 --> 00:19:16.200
bags in the bear market bottom. So while this is
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00:19:16.240 --> 00:19:19.640
a decent entry point, it's not great. You could make,
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you know, a decent return, but you're not going to
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make the incredible returns as if you had bought in
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December twenty twenty two, January twenty twenty three and so forth.
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When we were a lot of all coins were really down.
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Bitcoin was obviously finding its bottom, and that's where I
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bought a lot of tokens. So I'm sticking to my plan.
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I want to make as much money as possible. And
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you know, if I do change my mind and based
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on research and I see, hey, look a lot of
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liquidity might go to Suiy, you know, I might jump in.
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I'll let you guys know, But right now I'm trying
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to do my research. And you know, as I've talked
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about you for years, it takes discipline to invest into
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00:19:59.799 --> 00:20:01.920
key check your emotions, and even though I've been here
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00:20:02.000 --> 00:20:04.720
since twenty sixteen, I'm human, so I still feel those
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emotional triggers, so to speak. Ray and you want to
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00:20:09.200 --> 00:20:11.160
jump in. Oh man, it's running up. There's a lot
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of news. But wait a minute, get a look at
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the charts. Where are we and is there token unlocks
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coming in? Much more? Anyway, Guys, let me know what
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you think about the PayPal and visa news. Just incredibly
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00:20:22.440 --> 00:20:25.599
bullish stuff right leave your comments below. Don't forget to
363
00:20:25.640 --> 00:20:28.519
subscribe to my free email newsletter. It's one hundred percent
364
00:20:28.519 --> 00:20:31.720
free on Substack, filled with crypto insights and knowledge. And
365
00:20:31.799 --> 00:20:34.319
be sure to grab a copy of my book, Rethinking
366
00:20:34.359 --> 00:20:37.680
Crypto and Amazon. It's available in paperback and digital. Grab
367
00:20:37.720 --> 00:20:39.599
a copy of the Support the Podcast. Buy a few
368
00:20:39.599 --> 00:20:42.240
copies for your friends and family so they can learn
369
00:20:42.240 --> 00:20:45.279
about crypto. And if you bought a copy already, please
370
00:20:45.359 --> 00:20:47.960
leave a rating and review. Thank you so much. I
371
00:20:47.960 --> 00:20:50.519
appreciate you all, and I'll talk to you all later.
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00:21:00.720 --> 00:21:06.079
The bok past eighty to stand the post to stand
1
00:00:00.160 --> 00:00:03.000
I've got big crypto news for you. PayPal has opened
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00:00:03.080 --> 00:00:06.799
up crypto trading for businesses, and Visa has launched its
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00:00:06.839 --> 00:00:11.199
tokenization platform for banks, and Finance has launched spot trading
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00:00:11.279 --> 00:00:14.480
with actual tokens. I'll give you all the details. Let's
5
00:00:14.480 --> 00:00:22.600
get into it. Welcome into the Thinking Crypto podcast. You're
6
00:00:22.640 --> 00:00:26.480
home for cryptocurrency news and interviews. I'm your host, Tony Edward.
7
00:00:26.640 --> 00:00:29.160
On your way in. Please sit that subscribe button as
8
00:00:29.199 --> 00:00:31.559
well as the thumbs up button and leave a comment below.
9
00:00:31.800 --> 00:00:34.520
If you're listening on a podcast platform such as Spotify
10
00:00:34.600 --> 00:00:38.000
or Apple, please leave a five star rating and review. Folks.
11
00:00:38.000 --> 00:00:40.039
I want to start it off by highlighting that black
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Rock yesterday had inflows of near one hundred million dollars
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00:00:44.280 --> 00:00:47.399
into their ETF. That's a very good sign we've seen
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when the price starts to move up, that's when the
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inflows come in, and you know some of that is retail.
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They move with the price instead of buying the lows.
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But this is still not a bad entry price given
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we are still in the middle of the book market
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00:01:00.560 --> 00:01:03.840
and headed into the last phase or the fifth wave,
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00:01:03.920 --> 00:01:05.879
where we may see a blow off top by early
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Q one of next year, but good to see inflows
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coming in and there's less outflows. Now. The big news
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of the day, folks, PayPal has enabled business accounts to buy, hold,
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and sell cryptocurrency. This is huge news. They put out
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a press release today. Let me give you the details.
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PayPal Holdings Incorporated announce it's enabling its US merchants to buy, hold,
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and sell cryptocurrency directly from their PayPal business account at launch.
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D functionality for business accounts will not be available in
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New York State. Today's announcement is PayPal's latest step to
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increase cryptocurrencies utility by making increased functionality available to millions
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of merchants in the US. Folks, you got these payment
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giants like PayPal and Visa and so forth, all building
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the infrastructure not only for retail, but for institutional investors
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and for businesses. So I hope you see how all
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this is going to work. Set up like the Fiat
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system where you can buy and sell and trade and
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do all these things. So all these features and functionality
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is being built for crypto. I mean, that's just incredible, right.
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So the ability for merchants to to accept crypto and
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pay with it, they can do whatever they want with it,
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00:02:16.560 --> 00:02:20.080
and obviously retail already has access to PayPal and Venmos
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set up with crypto trading. So here are some more details.
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Since we launched the ability for PayPal and Venmo customers
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to buy, sell, and whole cryptocurrency in their wallets, we
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have learned a lot about how they want to use
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00:02:32.759 --> 00:02:37.639
their cryptocurrency set Jose Fernandez, Senior Vice president of Blockchain,
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Cryptocurrency and Digital Currencies at PayPal. Business owners have increasingly
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expressed the desire for the same cryptocurrency capabilities available to consumers.
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We're excited to meet that demand by delivering this new offering,
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empowering them to engage with digital currencies effortlessly. Folks, this
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is so bullish. I hope you see what's happening here.
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This is what you want to see as a cryptocurrency holder. Now.
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Here's what the CEO of PayPal, Alex Christ posted on
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LinkedIn about this news. He said, We're thrilled to share
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that starting today, PayPal business account holders can buy, hold,
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and sell cryptocurrency directly with their accounts. This marks a
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significant milestone in enhancing the utility of digital assets for
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millions of merchants in the United States. As we evolve
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our platform, we're also gaining invaluable insights into the role
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of cryptocurrency in the digital payments ecosystem and continuing to
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shape the future of commerce. Now, it's important to note
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that PayPal has a stable coin called pyusd and this
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is a very smart strategic move by PayPal because many
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merchants will be able to easily use p yus the accepted,
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spend it and so forth because it's denominated to the dollar.
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It's a stable coin, right, you guys know how it works.
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So smart move. PayPal has been ahead of the curve
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when it comes to crypto, and you know game theory
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will play out here. Their competitors are going to follow,
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the banks are going to follow. So so bullish guys.
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And here's some more bullish news. Visa, the credit card giant,
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to help banks issue FIAT backed tokens on etherorem via
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new tokenized asset platform. Now, we had gotten some news
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about this a couple of weeks ago, or about a
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week and a half ago, but we got more details
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and I think it's more official now. So Visa's Tokenize
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Asset Platform VTAP will enable the development of fiat backed
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tokens powered by smart contracts to help digitize and automate
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existing processes that will then power the exchange of real
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world assets RWAs. According to an announcement seen by coindus,
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a bank would use Visa's new platform to purchase tokenize
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RWAs such as commodities or bonds with near real time
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settlement using a token. This statement said one of the
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first financial institutions to use v tap will be Spanish
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bank BBVA, who expects to roll out a live pilot
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in twenty twenty. Folks, what have I've been telling you
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all for years? I know I sound like a broken record.
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We're headed to the token economy. Everything running on the blockchain,
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Even your traditional assets like stocks, bonds and commodities tokenized
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on the blockchain. Twenty four to seven, trading, three hundred
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and sixty five days, no more opening and closing bell,
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no more closed on weekends, no more holidays closed, and
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it's a truly global market and it's all running on
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the blockchain. Now you may say, how can I benefit
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00:05:29.360 --> 00:05:32.160
from this? Well, it noticed they're building on etherorem. If
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you're an e token holder, you will benefit from this
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00:05:35.319 --> 00:05:38.199
adoption and the utility on the blockchain, because one of
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the ways that blockchains have evaluation is the network adoption.
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00:05:43.399 --> 00:05:46.800
Metcalfs law study that look at Facebook before they even
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had a business plan on how to monetize user activity,
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they were worth millions. Why because they had activity on
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the platform that was potentially monetizable. Applied that same principle
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here to these blockchain networks, which have an actual token,
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then you see the potential, right. And remember this is
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not a US base blockchain, it's a global blockchains, as
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many blockchains are, so anyone from around the world could
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tap into the network, build on them, especially the public ones, right,
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not the private ones obviously, And then you have the
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public token trading on the markets, and the token helps
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decrease the wheels of the network. So this is, as
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I've said before, the next layer on top of the
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Internet and the ability for us to move value and
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do instant settlement payments and obviously be able to transact
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in a faster way and be able to trust each
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other better, right, avoiding the middlemen, and everything is locked
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up in smart contracts, so you're able to verify it.
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You don't have to trust, you can verify it instantly,
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so incredible stuff, folks. I'm so bullish on the outlook
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of this asset class. And watch what MasterCard and watch
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what the other players are going to do. I said
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before game theory will play out here now. A great
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place that you can buy etherorem and other all coins
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including bitcoin is on Uphold. They have three hundred plus cryptocurrencies.
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I've been using them since twenty eighteen. I've interviewed the CEO,
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the CFO, and many folks there, so they are a
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trusted platform. I can vouch for them, and they are safe.
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They don't commingle or lend out your funds, and they
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have a lot of great features that you can check out.
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You can take a look at their transparency reports. So
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they're fully reserved. And they just launched a really cool
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product that I'm using. It's called USD Interest Accounts, So
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it allows you to park your cash, whether it's your
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dry powder or your crypto profits, and earn up to
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five percent apy per year. The five percent is only
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for accounts what one thousand dollars are higher. Below one
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thousand dollars, it's two percent. But best of all, folks,
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there's no lock ups, there's no fees, there's no subscription
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or whatever it is. You can pull your money in
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and out and it is FDIC insured just like a bank,
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so't have to worry about your funds getting stolen or
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loss or things like that. It's all covered. So, like
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I said, I'm using this product. If you like to
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learn more about Uphold, check out the link in the description. Now, folks,
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we've got some updates here around Kamala Harris and her
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crypto policy, which, let's be honest, hasn't been anything. We've
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heard some very small statements. Just recently, she spoke to
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a Wall Street crowd which I reported on, and said
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she's ready to support crypto and along with AI. Well,
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there's some documentation of that on her website. Now, you know,
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in regards to the economic plan, but it's a sentence.
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So this is nothing compared to what Donald Trump is outlined,
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I mean, fully flushed out plans right, what he wants
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to do with bitcoin and the United States purchasing bitcoin,
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using it at a reserve asset. He said he would
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fire Gary Gainst and all that. We've at least got
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some clarity on Donald Trump's side. We don't have much
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on Kamala Harris's side. I'm still optimistic that we may
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get something, and that is not an endorsement to go
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vote for Kamala Harris. So all the Trump people, please
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don't attack me. Please understand my position. Once again. I'm
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trying to make Crypto bipartisan because you need both Democrats
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and Republicans to get this bill through the c through legislation,
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bill through the Senate. And I've been to DC. I've
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seen things. You guys may be looking at it from
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the outside, but I'm telling you what I know from
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the inside, and with the advocacy and lobbying that's happening,
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that over two hundred million dollars that is with the
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Superback is donating to vote Democrats and Republicans, just so
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you know, right, so we need more. I actually tweeted
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out at Anthony Scaramuchi and Mark Cuban, who vote said
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they're talking to the Harris team and said, hey, we
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need more details. I want to take Crypto off the
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election ballot. You guys can vote based on other issues
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happening in the country, which are many, and that's fine.
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Vote who you want to. I'm not here to tell
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you who to vote for. You're all adults. But from
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a crypto standpoint, I want it off the ballot, and
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that is my goal in pushing and putting pressure on
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Kamala Harris and her team. Here Congressman Rocanna, who I've
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had on the podcast. He's one of the top Democrats.
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He said speaking to Fox Business that he was encouraged
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by Kamala Harris's recent statement saying she would encourage innovative
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technologies like AI and digital assets. Here's a quote. Look,
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you can't be against bitcoin or crypto. It's like saying
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I'm against the iPhone or I'm against the laptop. It's
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just a technology. Yes, we need smart regulation, but it's
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a modern store of value in a modern payment system.
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It's a modern version of goal for a lot of
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young people. So he gets it right. He's in the
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Silicon Valley area. He understands tech. But you know the
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problem is Elizabeth Warren's voice has been very loud, and
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she's been coordinating attacks against the industry with Gary Againster.
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But we see that more Democrats are waking up every day.
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They're partnering with their Republican colleagues to pass bills and
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get things through the House and Senate. So we're making
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progress and Elizabeth warning garrigains who are losing now. Today
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Bill Maher, many of you know who he is. He
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tweeted a video about how bitcoin mining is bad for
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the environment and a whole bunch of fud, and he
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said the dirty little secret about crypto and no one
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talks about This seems to be an older video, but
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I don't think it is. But obviously the crypto industry
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weighed in and he got trolled and destroyed. But Brian Armstrong,
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CEO of Coinbase, tweeted at him saying, rare missed by
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Bill Maher, the community notes are on target, so of
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course there was community notes added to the video. He said,
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time to dig in deeper on crypto and avoid spreading misinformation.
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It's all good. It happens to all of us. Happy
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to chat anytime. So that was Brian, you know, talking
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to mar here saying, hey, bring me on. I'll give
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you clarity on what's happening. Now. Speaking of exchanges, we
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got big news around Binance. Here's the headline. Finance launches
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pre market spot trading service with actual choke. Let me
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give it to details here. So this pre market spot
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trading service will enable users to take early positions before
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a tokens spot market listing. Here's a quote. Binance is
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the only crypto exchange to offer pre market spot trading,
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whereby tokens will be exclusively allocated and generated for users
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to hold and trade in pre market on the Binance platform.
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The exchange set on Wednesday. While other exchanges offer pre
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market trading, they typically facilitate the trading of derivatives, whereas
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Binance is the first exchange to have actual tokens for
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users to trade during pre market. Binance's rival by Bit
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also offers pre market spot trading service, but it appears
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to effectively use derivatives rather than actual tokens, So this
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is cool. I like this. And Coinbase International's pre launch
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market service, on the other hand, involves trading perpetual futures
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contracts for tokens that are yet to launch, So really
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great move here by Finance like this, and I personally
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haven't done any pre market trading. I know some of
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you may have, but I like that they're using the
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actual tokens versus derivatives, you know, versus paper trading. It's
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the actual token, so I will always vote for the
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underlying asset being used. So that's really great. Big update here. Now,
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Ripple announced the following Unleashing the Power of AI on
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the XRP Ledger. We're excited to announce a new funding
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track dedicated to AI power projects. So we're seeing the
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conversions of AI and blockchain right and they have a
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symbiotic relationship. AI is helping to enhance certain attributes and
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benefits of blockchain, while blockchain is being used to police
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AI around the fakes and so forth. So I think
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Ripple recognizes this and they're trying to boost the building
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of AI projects and integration. So very smart move here,
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and if you're a developer can get a grant, so
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go check it out, all right, Moving ahead, Initia raises
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fourteen million dollars Series A at a three hundred and
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fifty million dollar token valuation. So we continue to see
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a lot of firms are getting funding guys, and that's
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a great sign to sign up the bull market. So Initia,
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a blockchain project developing a Layer one network and a
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system for interwoven optimistic rollups, has raised fourteen million dollars
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in a Series A funding round. Tumas Tongans Theory Ventures
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led the round with del Fi Ventures and hacked VC participating,
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Initias said on Wednesday, and they list the other angel investors.
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So the Series A round brings Initia's total founding to
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twenty two point five million dollars, which includes a seven
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point five million dollar seed round earlier this year and
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a pre seed investment from Binance Labs last October. So
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what the hell is Initia? Well, they are developing two
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main products, a layer one blockchain and a platform for
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interwoven optimistic rollups. We are holistically building a new multichain
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world across the architecture, product and economic stacks using the
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Initia l one and an interwoven system of l twos
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on set. Through designing an L one in tandem to
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a network of interconnected l twos, Initia has built a
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system designed for a roll up centric future. Now, you
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know some of you are going to say, oh my god,
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how many layer ones do we need? I know I
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feel that way sometimes and you look at sometimes how
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many Layer twos there are on etherorem. But this is
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a sign of a healthy market. You have competition, You
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have different entrepreneurs and innovators in a race to build
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the best blockchain and Obviously there's not going to be
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one blockchain to rule them all, but you're certainly going
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to have different blockchains that serve different use cases. So
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I love to see this that there's building this competition.
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And keep in mind, just as we saw with internet technology,
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there's going to be different iterations and some of the
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future blockchains are going to be way better than the
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ones we have today. Right. At one point, you remember
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we had the big brick cell phones and eventually now
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we have these incredible smartphones that are even better than
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the computers we had in the eighties and nineties. Right,
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So the technology just evolves, so you're going to see
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evolution of these blockchains and the future is bright, folks.
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It's great to see activity like this, and that's why
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these folks are getting money from investors because everyone is
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trying to bet on the best horse here, or multiple
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horses to see who might be the winner. So really
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really great sign final news item here. Layer zero activity
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surges four hundred and thirty three percent following second air
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drop announcement. So Layer zero, the cross chain messaging protocol,
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is witnessing a resurgence in activity, with daily messages raising
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or rising to ninety eight thousand. On Saturday, the search
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comes hot on the heels of the protocol, announcing a
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second aar drop, breathing new life into the ecosystem. The
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recent spike represents a four hundred and thirty three percent
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increase from the previous low of eighteen thousand, four hundred messages,
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signaling a renewed interest in the protocol. This resurgence is
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particularly noteworthy given the protocol's recent lull in activity, which
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had seen daily messages hovering around the twenty thousand mark
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for several weeks. The announcement of a second air drop
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appears to be the catalyst for this sudden uptick inactivity.
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Layer zero strategic movingcludes and interesting twists. Wallets that claimed
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ZrO tokens in the first air drop, which showed no
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subsequent activity, are excluded from this round, incentivizing sustained engagement
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with the protocol. This criterion serves as a clever mechanism
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to distinguish between genuine users and opportunistic air drop farmers,
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potentially fostering a more active and committed user base. I
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like that I like that they are given this incentivization
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of the air drop, but also putting filters like if
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you're not active, you're not participating on network, then sea
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right or not sea, but you're not going to get
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more benefits. So I think that's smart. More blockchains need
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to do that because you want actual users. You put
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out the incentive, that's fine, but you need people to
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actually use the platform now. To be fully transparent, I
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don't own any ZrO tokens. I haven't participated in any
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ear drops. Just letting you guys know. Some of you
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may have. But there's a lot going on in the
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crypto industry. It's hard to keep up. It's not possible
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to be in every token or every hot project. Right.
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Sometimes I feel that fomo, and I'll give an example
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like Suwey. I'm feeling the fomo to go add some
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to my portfolio because I'm seeing big things. I'm seeing
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the price arch. But I've been doing my research and
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making sure, hey, I'm not buying the top on some
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local top or whatever it may be, and that I'm
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not becoming exit liquidity. I'm being very transparent with you
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guys because I know there's some people who are new
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to this asset class and I don't want you to
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get caught and sucked in into the fomo and the
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greed before you do your research. So you got to
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leave your emotions to the side. So I have not
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taking up position on Suy. I'm still looking. You know,
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if there's another big correction in the all coin market,
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I might, but you know, I only have so much
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capital to invest, and I bought a lot of my
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bags in the bear market bottom. So while this is
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a decent entry point, it's not great. You could make,
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you know, a decent return, but you're not going to
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make the incredible returns as if you had bought in
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December twenty twenty two, January twenty twenty three and so forth.
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When we were a lot of all coins were really down.
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Bitcoin was obviously finding its bottom, and that's where I
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bought a lot of tokens. So I'm sticking to my plan.
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I want to make as much money as possible. And
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you know, if I do change my mind and based
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on research and I see, hey, look a lot of
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liquidity might go to Suiy, you know, I might jump in.
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I'll let you guys know, But right now I'm trying
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to do my research. And you know, as I've talked
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about you for years, it takes discipline to invest into
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key check your emotions, and even though I've been here
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since twenty sixteen, I'm human, so I still feel those
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emotional triggers, so to speak. Ray and you want to
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jump in. Oh man, it's running up. There's a lot
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of news. But wait a minute, get a look at
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the charts. Where are we and is there token unlocks
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coming in? Much more? Anyway, Guys, let me know what
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you think about the PayPal and visa news. Just incredibly
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bullish stuff right leave your comments below. Don't forget to
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subscribe to my free email newsletter. It's one hundred percent
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free on Substack, filled with crypto insights and knowledge. And
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be sure to grab a copy of my book, Rethinking
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Crypto and Amazon. It's available in paperback and digital. Grab
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a copy of the Support the Podcast. Buy a few
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copies for your friends and family so they can learn
369
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about crypto. And if you bought a copy already, please
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leave a rating and review. Thank you so much. I
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appreciate you all, and I'll talk to you all later.
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The bok past eighty to stand the post to stand
