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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. All right, folks, first news item is pretty big.
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So SoFi Bank, which has already integrated crypto trading and
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they have launched their own stablecoin. They're now launching FDIC
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insured tokenized deposits. So we've talked a lot about the
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dynamic of stablecoins, but banks also using tokenized deposits on
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more of a wholesale level where they move money between
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each other. while stablecoins may be for smaller payments and
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for retail. Here's the details of what SoFi mentioned. So
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they said meet SoFi Earn, call SoFi, S-O-F-I-E, with 4.40%
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APY and FDIC protection. Wow, look at that yield, 4.40%.
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So the banks are starting to compete. This is what
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we've been talking about, right? And it's also part of
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their strategy to slow everything down so they can catch up. Remember,
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they've been fighting the stablecoin yield within the Clarity Act. Well,
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it's obviously a law with the Genius Act, but they
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want to relitigate it and remove a lot of it
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within the Clarity Act. And now look at this. SoFi Bank,
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while it's not part of the traditional banking conglomerates, It's
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more of those newer banks that have started that are
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mostly online. They said it's the first ever bank deposit
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token for SoFi crypto designed to provide a home for
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idle crypto funds like stable coins. Buy and hold SoFi
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to earn interest and protect your deposit. Wow, folks, look
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at the innovation that's happening here. And of course, built
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with blockchain technology. So I hope you guys understand what
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is taking place and why a lot of these banks
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have been fighting and try to slow things down. They're
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trying to catch up. So they're building stable coins, tokenized deposits.
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They're integrating crypto in many different ways. And SoFi Bank
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is doing a lot. So this is incredible. Now, some
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very interesting news, which now many folks are saying is
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just a rumor. And actually, the folks at Fireblocks denied
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the reports. But There was reports a couple of days
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ago that Visa was going to acquire Fireblocks for $ 2. 5 billion.
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Axios were their folks who reported this. Now, Fireblocks came
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out and denied it, saying, we don't know anything about this.
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But it's not surprising because I've been talking to you
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guys about it a lot. We're going to see TradFi
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companies acquire crypto firms that have the technology built out.
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We're going to see crypto firms acquire TradFi companies. We
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saw the acquisitions that Ripple has made. We saw the
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acquisitions Coinbase has made. So it's not far fetched or
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outlandish that this would happen. But Fireblocks is denying the news.
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But you could imagine Visa, MasterCard, the banks and others
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are looking to acquire these crypto companies so they don't
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have to go out and build the technology. They can
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just integrate it and grow and expand their services. Right.
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If you recall in the tech space, Google did this.
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This is how Google became a powerhouse. For example, Google
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did not build YouTube. They bought it, right? In addition
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to other technologies. So if these companies like Visa, these
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triad five companies don't want to spend years trying to
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build this technology, they can simply go acquire these companies
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and integrate the business. It wouldn't surprise me if this
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was true, right? But something you guys should be aware
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of because it was making some headlines. Now, This is
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some very interesting geopolitical crypto news here. Now, the topic
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involves Israel Prime Minister Benjamin Netanyahu. Now, guys, there's a
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whole political conversation to be had here, but that's not
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what we're doing here. We're just talking about the adoption
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of crypto, where crypto is being used across the globe.
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So please, let's be civil. Let's not attack each other
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in the comment section. Let's just look at it from
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a crypto perspective. Again, There is a whole other conversation
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to have about politics and all these things, but that's
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not what this channel is about. So the news is
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Israel Prime Minister Benjamin Netanyahu calls for a plan to
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use crypto and blockchain technology to counter potential financial sanctions.
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So Benjamin Netanyahu is expecting some sort of financial sanctions.
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sanctions and things like that, and some of the funds
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from the U.S. may be cut off. And he said
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the following in an interview on Israeli TV, blockchain is
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one of the alternatives. Certainly, Netanyahu said when asked if
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there could be a way around the sanctions, he said,
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I have already asked for a plan to be prepared
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for that. Now, Israel is not the only one to
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have done this. We've seen other countries have done it,
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like Russia and others, right? So it's, and again, I'm
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not saying this is bullish for crypto. I'm just showing
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you how this technology is growing and it's in TradFi.
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It's in our US politics here. It's now in geopolitics, right?
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It's appearing everywhere. It's getting this mass adoption. And that
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could be bad and it could be good, right? Because
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as with all technologies and all innovations, bad actors use
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them and all that, right? So I just want to
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make sure, I hope you guys understand the perspective of
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how I'm looking at this and how the world is
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changing with this technology and it's affecting geopolitics, right? It's
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no longer a nascent technology or asset class. So this
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is very very interesting all right let's move ahead because
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we have a lot of news about bugs on the
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xrp ledger ethereum and bitcoin blockchain so first up xrp
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ledger bug fixed and moved to november after validator support
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dipped for two hours the fix lost its two-week countdown
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less than two days from the finish after support slipped
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to 26 of 35 validators it's now back at 31
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So this is going to be pushed back to November, obviously,
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and it's the latest bug fix. But look, this is
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par for the course. You're going to see this every year, right,
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that you're going to have updates. There are going to
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be some validators that agree and don't agree. Then they
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eventually have to come to some compromise or a new
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adjusted fix or whatever it may be. Now, on the
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Ethereum front, Ethereum delays the Glamsterdam test after security devs
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flag a risk to existing contracts. So developers canceled Monday's
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Hudi activation. That's some weird naming here. After researchers showed
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how new gas rules could let smart contracts permanently record
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failed operations. So again, every blockchain will have its bugs
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and its little flaws that have to be ironed out
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over time. But the point is they are fixing it, right?
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So it's not exclusive to Ethereum. It's not exclusive to
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the XRP ledger. And even for Bitcoin, it's not exclusive
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to Bitcoin. So Bitcoin core changes security rules as AI
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makes finding code bugs dangerously easy. Developers merge a policy
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change that ends the month-long embargo for flaws a chatbot
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could rediscover after a summer in which AI found hundreds
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of Bitcoin bugs before the humans did. Now, this recently
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happened with the XRP ledger. where a bug was discovered
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by AI that would allow for the creation of additional XRP.
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So again, AI and quantum were entering this new frontier,
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and these technologies will not only help to identify flaws
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and bugs, but help to strengthen these blockchains. And notice
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that even on Bitcoin, the humans, the brilliant minds that
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have worked on Bitcoin and that are mining Bitcoin didn't
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identify these things, right? Same thing with the XRP Ledger
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because humans can only do so much. But when you
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introduce technology like AI that can use incredible compute power
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and do multitasking by the seconds and much more, it's
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easy to identify these things. So this is all good, guys.
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This is all good. We're identifying the issues and we're
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fixing them. Right. So it's obviously incumbent upon the developers
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and the community and the validators and all these guys
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to move and get it done. But we are the
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first part of it. The first phase is identifying the issue,
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you know, developing a solution and then implementing that solution. So, again,
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you may see certain blockchains getting targeted by FUD saying, oh,
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you see, look at all the things that are happening.
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Every blockchain is going to have this issue. But as
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long as they keep, again, working on it, they have
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the roadmap. So this is where you want to pay
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attention to the security updates and all these bug fixes
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and much more. You know, are they happening on the
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blockchains that you're invested in? You know, especially if you're
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looking long term. Now, if you're swing trading a coin
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and you don't care about the blockchain, that's fine. You
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don't necessarily have to care about this. But, you know,
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long term view, you want to see these type of
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things happening. Now, folks, quick word from our sponsor. This
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episode is brought to you by FortisX. Guys, let's be honest,
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the crypto market has been moving sideways for a while now.
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A lot of people are just sitting on their coins,
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waiting for the next big move. But while you're waiting,
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your crypto is just sitting in your wallet doing absolutely nothing.
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because they keep delivering. The team is public, they've successfully
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completed Cyberscope team verification, KYC, past independent security audits, and
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the platform has been building consistently for years. They focus
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on long-term growth, transparency, and security rather than hype. In
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a market like this, it makes far more sense to
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have your crypto working for you instead of letting it
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sit idle in your wallet. I've worked with FortisX for
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a long time, And if you're planning to hold your
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crypto anyway, I genuinely think it's one of the smartest
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ways to put those assets to work. And folks, I
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know security is very important to all of us as
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we hold our crypto assets and they are fully audited
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by Certik and they are SEC registered and much more.
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So you got to check out FortisX. Go to fortisx.fi
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slash x slash thinking crypto. Link will be in the description. Okay,
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moving ahead. South Korea's crypto bill nears completion while tax
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debate intensifies. South Korea's Digital Asset Basic Act seeks to
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establish a framework for digital assets, including licensing regimes for
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exchanges and rules for stablecoin issuance. So we are seeing
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across the globe, major countries and jurisdictions implementing crypto regulation.
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They're not banning it. They're putting their guardrails in place.
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They're allowing it to flourish for innovation purposes. And entrepreneurship
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to grow around this technology. They're going to tax it,
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of course. Right. This this is how it goes. The
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tax man always collects, especially, you know, the government. That's
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what they love to do. Collect the taxes. Right. And
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look for new ways to tax things. But I digress.
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But this is all good, guys. This will allow for
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more capital to come in, more building and more here
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in the United States. we are still waiting for the
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Clarity Act, right? We got very close where it was
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in the final stages in the Senate, but of course,
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politics got in the way. So we'll see here, you know,
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after the midterm elections, if we're able to get this done.
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And speaking of taxes, the IRS here in the United
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States plans to lower tax disclosure penalties, including for crypto.
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So the U.S. tax agency is targeting faster resolutions and
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more flexible payment options for taxpayers voluntarily disclosing past tax
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violations under a planned program overhaul. So this is good,
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you know, lower penalties, but I personally, you know, don't
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have any disclosure penalties. But if you are in this
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type of situation, this is good, lower penalties, right? So
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The IRS itself overall still needs to provide full crypto
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tax guidance. There are a couple of crypto tax bills
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being worked on, one in the House. There's also one
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in the Senate. And I don't know how they're going
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to merge the two. But nevertheless, that is being worked on.
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And once the clarity act gets done, maybe after the
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midterm elections or early 2027, I think taxes are going
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to be the next item they tackle. Because again, the
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tax man comes to collect, right, guys? Now, the StarkNet
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community overwhelmingly backs research into becoming an independent post-quantum layer one. Now,
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I don't know too much about the StarkNet protocol or blockchain,
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but it is a layer two on Ethereum. Let me
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give you some details. StarkNet holders have overwhelmingly backed a
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proposal to research transitioning from an Ethereum layer two network
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into an independent post-quantum Post-Quantum Layer 1, according to an
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initial seven-day snapshot poll, which closed on Thursday morning, more
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than 93.5% of the voting power supported the proposal, with
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over 2,800 wallets participating, according to Starknet. the development company
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behind StarkNet, did not vote in the poll, leaving the
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decision to the community. Following the results, Starkware and StarkNet
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Foundation will further research the potential transition. Still, STRK holders
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would have to vote again on any future proposal to
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actually move the network. So this is interesting that they're
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moving to becoming a layer one, but a post-quantum layer one.
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So a lot of folks are preparing for quantum, guys,
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and There will be a race to get there because
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if you're left behind, you know, you could lose a
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lot of the builders on your blockchain, the apps and
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things like that. And you may go to blockchains that
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are quantum resistant because quantum is going to be a threat.
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It's not a threat right now. And I've often stated
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that when quantum does become a threat, I'm not worried
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about blockchains. I'm worried about the air traffic control system,
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the traditional banking system, the traffic light system, the energy grid. Right.
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Those things will be very, very at risk to bad
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actors and things like that. Right. So everything will have
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to be on a quantum computing standard. And I think
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we're going to get there. But which blockchains get there first?
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You know, that could be very, very beneficial to them. Now, guys,
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final news item. Dune launches on-chain trading data feeds as
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tokenized markets expand. So crypto data analytics firm Dune has
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launched real-time market data feeds covering on-chain venues as it
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seeks to capitalize on growing interest in tokenization and on-chain
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trading data. In a statement released Thursday, Dune said the
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new spot feeds deliver trade data around one second after execution,
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covering more than 200 on-chain venues across 12 networks, including Solana, Ethereum, Base, BNB,
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and Xlair. This is really great. I've often stated the
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white glove service, the data and the analytics that exist
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for TradFi needs to be built for crypto users. And
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now that you have this new fast growing segment of
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tokenized assets, you're going to need the data. And here
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they're going to be able to provide that very, very quickly.
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And these data and analytics firms are going to become
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huge because you are going to have a lot of blockchains,
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a lot of transactions. You will need firms to be
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able to provide the guidance. And I've interviewed some of them.
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The folks at Chainalysis are doing a great job. There
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are others and Dune here building out for tokenization. So
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Really great stuff here. So here's a quote. Hedge funds,
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asset managers, market makers, and brokers can now follow on-chain
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price discovery in the same systems they use for listed markets,
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the company said. Guys, crypto is growing up. It's maturing.
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The infrastructure is being built here. All of these things
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will allow for more adoption, more capital, which will raise
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the value of Of the blockchain networks and their native tokens.
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So that's why we're talking about it. I know some
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of it is boring. I know some of you are
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going to say, so Tony, look at the prices today. Right.
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But you got to have the macro view. You got
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to understand the path to higher prices. So hope you
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guys get it. Folks, let me know what you think.
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Leave your thoughts and comments below. Hit the thumbs up button.
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Subscribe if you haven't as yet. Please support the podcast
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00:16:45.919 --> 00:16:49.340
by subscribing to my free email newsletter on Substack. Grab
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00:16:49.360 --> 00:16:51.259
a copy of my book on Amazon. It's available in
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00:16:51.279 --> 00:16:55.110
paperback and digital. And check out my course at MyCryptoCourse.com.
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00:16:55.309 --> 00:16:57.909
This is a comprehensive course that teaches you everything you
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00:16:57.950 --> 00:17:01.049
need to know about blockchain and crypto technology. It features
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00:17:01.210 --> 00:17:05.230
expert commentary. Folks, knowledge is power. So expand your knowledge
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00:17:05.250 --> 00:17:08.109
around this technology today. so that you can know more
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00:17:08.170 --> 00:17:10.190
about it. If you want to work in the industry,
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how to invest, all these different things. It's, again, packed
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00:17:14.200 --> 00:17:17.960
with tons of value. So check it out. Go to MyCryptoCourse.com. Folks,
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00:17:17.980 --> 00:17:20.319
thank you so much for tuning in. I appreciate you all.
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And I'll talk to you all later.
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Hey folks, welcome into the Thinking Crypto Podcast, your home
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00:00:08.220 --> 00:00:11.990
for cryptocurrency news and interviews. I'm your host, Tony Edward.
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00:00:12.330 --> 00:00:14.730
On your way in, please hit that subscribe button as
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00:00:14.769 --> 00:00:17.109
well as the thumbs up button and leave a comment below.
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00:00:17.489 --> 00:00:20.179
If you're listening on a podcast platform such as Spotify
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00:00:20.210 --> 00:00:22.420
or Apple, please be sure to follow and leave a
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00:00:22.460 --> 00:00:26.059
five-star rating. All right, folks, first news item is pretty big.
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So SoFi Bank, which has already integrated crypto trading and
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they have launched their own stablecoin. They're now launching FDIC
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insured tokenized deposits. So we've talked a lot about the
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dynamic of stablecoins, but banks also using tokenized deposits on
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more of a wholesale level where they move money between
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each other. while stablecoins may be for smaller payments and
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for retail. Here's the details of what SoFi mentioned. So
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they said meet SoFi Earn, call SoFi, S-O-F-I-E, with 4.40%
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APY and FDIC protection. Wow, look at that yield, 4.40%.
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So the banks are starting to compete. This is what
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we've been talking about, right? And it's also part of
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their strategy to slow everything down so they can catch up. Remember,
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they've been fighting the stablecoin yield within the Clarity Act. Well,
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it's obviously a law with the Genius Act, but they
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want to relitigate it and remove a lot of it
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within the Clarity Act. And now look at this. SoFi Bank,
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while it's not part of the traditional banking conglomerates, It's
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more of those newer banks that have started that are
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mostly online. They said it's the first ever bank deposit
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token for SoFi crypto designed to provide a home for
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idle crypto funds like stable coins. Buy and hold SoFi
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to earn interest and protect your deposit. Wow, folks, look
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at the innovation that's happening here. And of course, built
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with blockchain technology. So I hope you guys understand what
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is taking place and why a lot of these banks
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have been fighting and try to slow things down. They're
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trying to catch up. So they're building stable coins, tokenized deposits.
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They're integrating crypto in many different ways. And SoFi Bank
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is doing a lot. So this is incredible. Now, some
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very interesting news, which now many folks are saying is
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just a rumor. And actually, the folks at Fireblocks denied
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the reports. But There was reports a couple of days
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ago that Visa was going to acquire Fireblocks for $ 2. 5 billion.
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Axios were their folks who reported this. Now, Fireblocks came
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out and denied it, saying, we don't know anything about this.
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But it's not surprising because I've been talking to you
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guys about it a lot. We're going to see TradFi
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companies acquire crypto firms that have the technology built out.
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We're going to see crypto firms acquire TradFi companies. We
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saw the acquisitions that Ripple has made. We saw the
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acquisitions Coinbase has made. So it's not far fetched or
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outlandish that this would happen. But Fireblocks is denying the news.
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But you could imagine Visa, MasterCard, the banks and others
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are looking to acquire these crypto companies so they don't
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have to go out and build the technology. They can
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just integrate it and grow and expand their services. Right.
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If you recall in the tech space, Google did this.
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This is how Google became a powerhouse. For example, Google
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did not build YouTube. They bought it, right? In addition
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to other technologies. So if these companies like Visa, these
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triad five companies don't want to spend years trying to
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build this technology, they can simply go acquire these companies
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and integrate the business. It wouldn't surprise me if this
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was true, right? But something you guys should be aware
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of because it was making some headlines. Now, This is
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some very interesting geopolitical crypto news here. Now, the topic
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involves Israel Prime Minister Benjamin Netanyahu. Now, guys, there's a
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whole political conversation to be had here, but that's not
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what we're doing here. We're just talking about the adoption
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of crypto, where crypto is being used across the globe.
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So please, let's be civil. Let's not attack each other
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in the comment section. Let's just look at it from
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a crypto perspective. Again, There is a whole other conversation
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to have about politics and all these things, but that's
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not what this channel is about. So the news is
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Israel Prime Minister Benjamin Netanyahu calls for a plan to
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use crypto and blockchain technology to counter potential financial sanctions.
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So Benjamin Netanyahu is expecting some sort of financial sanctions.
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sanctions and things like that, and some of the funds
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from the U.S. may be cut off. And he said
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the following in an interview on Israeli TV, blockchain is
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one of the alternatives. Certainly, Netanyahu said when asked if
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there could be a way around the sanctions, he said,
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I have already asked for a plan to be prepared
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for that. Now, Israel is not the only one to
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have done this. We've seen other countries have done it,
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like Russia and others, right? So it's, and again, I'm
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not saying this is bullish for crypto. I'm just showing
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you how this technology is growing and it's in TradFi.
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It's in our US politics here. It's now in geopolitics, right?
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It's appearing everywhere. It's getting this mass adoption. And that
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could be bad and it could be good, right? Because
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as with all technologies and all innovations, bad actors use
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them and all that, right? So I just want to
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make sure, I hope you guys understand the perspective of
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how I'm looking at this and how the world is
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changing with this technology and it's affecting geopolitics, right? It's
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no longer a nascent technology or asset class. So this
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is very very interesting all right let's move ahead because
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we have a lot of news about bugs on the
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xrp ledger ethereum and bitcoin blockchain so first up xrp
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ledger bug fixed and moved to november after validator support
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dipped for two hours the fix lost its two-week countdown
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less than two days from the finish after support slipped
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to 26 of 35 validators it's now back at 31
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So this is going to be pushed back to November, obviously,
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and it's the latest bug fix. But look, this is
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par for the course. You're going to see this every year, right,
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that you're going to have updates. There are going to
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be some validators that agree and don't agree. Then they
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eventually have to come to some compromise or a new
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adjusted fix or whatever it may be. Now, on the
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Ethereum front, Ethereum delays the Glamsterdam test after security devs
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flag a risk to existing contracts. So developers canceled Monday's
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Hudi activation. That's some weird naming here. After researchers showed
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how new gas rules could let smart contracts permanently record
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failed operations. So again, every blockchain will have its bugs
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and its little flaws that have to be ironed out
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over time. But the point is they are fixing it, right?
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So it's not exclusive to Ethereum. It's not exclusive to
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the XRP ledger. And even for Bitcoin, it's not exclusive
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to Bitcoin. So Bitcoin core changes security rules as AI
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00:07:10.350 --> 00:07:15.649
makes finding code bugs dangerously easy. Developers merge a policy
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change that ends the month-long embargo for flaws a chatbot
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could rediscover after a summer in which AI found hundreds
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of Bitcoin bugs before the humans did. Now, this recently
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happened with the XRP ledger. where a bug was discovered
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by AI that would allow for the creation of additional XRP.
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So again, AI and quantum were entering this new frontier,
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and these technologies will not only help to identify flaws
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and bugs, but help to strengthen these blockchains. And notice
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that even on Bitcoin, the humans, the brilliant minds that
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have worked on Bitcoin and that are mining Bitcoin didn't
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identify these things, right? Same thing with the XRP Ledger
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because humans can only do so much. But when you
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introduce technology like AI that can use incredible compute power
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and do multitasking by the seconds and much more, it's
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easy to identify these things. So this is all good, guys.
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This is all good. We're identifying the issues and we're
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fixing them. Right. So it's obviously incumbent upon the developers
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and the community and the validators and all these guys
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to move and get it done. But we are the
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first part of it. The first phase is identifying the issue,
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you know, developing a solution and then implementing that solution. So, again,
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you may see certain blockchains getting targeted by FUD saying, oh,
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you see, look at all the things that are happening.
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Every blockchain is going to have this issue. But as
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long as they keep, again, working on it, they have
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the roadmap. So this is where you want to pay
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attention to the security updates and all these bug fixes
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and much more. You know, are they happening on the
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blockchains that you're invested in? You know, especially if you're
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looking long term. Now, if you're swing trading a coin
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and you don't care about the blockchain, that's fine. You
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don't necessarily have to care about this. But, you know,
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long term view, you want to see these type of
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things happening. Now, folks, quick word from our sponsor. This
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00:09:13.360 --> 00:09:17.240
episode is brought to you by FortisX. Guys, let's be honest,
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00:09:17.419 --> 00:09:20.740
the crypto market has been moving sideways for a while now.
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A lot of people are just sitting on their coins,
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00:09:23.639 --> 00:09:26.500
waiting for the next big move. But while you're waiting,
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00:09:26.820 --> 00:09:30.639
your crypto is just sitting in your wallet doing absolutely nothing.
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That's why I want to mention one of my longtime partners, FortisX.
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rewards while still keeping the flexibility to withdraw whenever you want.
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One of the reasons I've continued working with them is
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because they keep delivering. The team is public, they've successfully
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completed Cyberscope team verification, KYC, past independent security audits, and
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the platform has been building consistently for years. They focus
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on long-term growth, transparency, and security rather than hype. In
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a market like this, it makes far more sense to
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have your crypto working for you instead of letting it
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00:10:13.779 --> 00:10:16.840
sit idle in your wallet. I've worked with FortisX for
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a long time, And if you're planning to hold your
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00:10:18.929 --> 00:10:22.539
crypto anyway, I genuinely think it's one of the smartest
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00:10:22.600 --> 00:10:25.259
ways to put those assets to work. And folks, I
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know security is very important to all of us as
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we hold our crypto assets and they are fully audited
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by Certik and they are SEC registered and much more.
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So you got to check out FortisX. Go to fortisx.fi
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slash x slash thinking crypto. Link will be in the description. Okay,
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moving ahead. South Korea's crypto bill nears completion while tax
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debate intensifies. South Korea's Digital Asset Basic Act seeks to
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establish a framework for digital assets, including licensing regimes for
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exchanges and rules for stablecoin issuance. So we are seeing
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across the globe, major countries and jurisdictions implementing crypto regulation.
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They're not banning it. They're putting their guardrails in place.
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They're allowing it to flourish for innovation purposes. And entrepreneurship
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to grow around this technology. They're going to tax it,
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of course. Right. This this is how it goes. The
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tax man always collects, especially, you know, the government. That's
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what they love to do. Collect the taxes. Right. And
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look for new ways to tax things. But I digress.
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But this is all good, guys. This will allow for
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more capital to come in, more building and more here
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in the United States. we are still waiting for the
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Clarity Act, right? We got very close where it was
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in the final stages in the Senate, but of course,
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politics got in the way. So we'll see here, you know,
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after the midterm elections, if we're able to get this done.
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And speaking of taxes, the IRS here in the United
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States plans to lower tax disclosure penalties, including for crypto.
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So the U.S. tax agency is targeting faster resolutions and
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more flexible payment options for taxpayers voluntarily disclosing past tax
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violations under a planned program overhaul. So this is good,
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you know, lower penalties, but I personally, you know, don't
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have any disclosure penalties. But if you are in this
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type of situation, this is good, lower penalties, right? So
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The IRS itself overall still needs to provide full crypto
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tax guidance. There are a couple of crypto tax bills
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being worked on, one in the House. There's also one
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in the Senate. And I don't know how they're going
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to merge the two. But nevertheless, that is being worked on.
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And once the clarity act gets done, maybe after the
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midterm elections or early 2027, I think taxes are going
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to be the next item they tackle. Because again, the
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tax man comes to collect, right, guys? Now, the StarkNet
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community overwhelmingly backs research into becoming an independent post-quantum layer one. Now,
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I don't know too much about the StarkNet protocol or blockchain,
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but it is a layer two on Ethereum. Let me
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give you some details. StarkNet holders have overwhelmingly backed a
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proposal to research transitioning from an Ethereum layer two network
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into an independent post-quantum Post-Quantum Layer 1, according to an
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initial seven-day snapshot poll, which closed on Thursday morning, more
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than 93.5% of the voting power supported the proposal, with
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over 2,800 wallets participating, according to Starknet. the development company
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behind StarkNet, did not vote in the poll, leaving the
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decision to the community. Following the results, Starkware and StarkNet
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Foundation will further research the potential transition. Still, STRK holders
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would have to vote again on any future proposal to
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actually move the network. So this is interesting that they're
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moving to becoming a layer one, but a post-quantum layer one.
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So a lot of folks are preparing for quantum, guys,
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and There will be a race to get there because
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if you're left behind, you know, you could lose a
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lot of the builders on your blockchain, the apps and
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things like that. And you may go to blockchains that
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are quantum resistant because quantum is going to be a threat.
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It's not a threat right now. And I've often stated
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that when quantum does become a threat, I'm not worried
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about blockchains. I'm worried about the air traffic control system,
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the traditional banking system, the traffic light system, the energy grid. Right.
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Those things will be very, very at risk to bad
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actors and things like that. Right. So everything will have
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to be on a quantum computing standard. And I think
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we're going to get there. But which blockchains get there first?
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You know, that could be very, very beneficial to them. Now, guys,
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final news item. Dune launches on-chain trading data feeds as
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tokenized markets expand. So crypto data analytics firm Dune has
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launched real-time market data feeds covering on-chain venues as it
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seeks to capitalize on growing interest in tokenization and on-chain
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trading data. In a statement released Thursday, Dune said the
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new spot feeds deliver trade data around one second after execution,
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covering more than 200 on-chain venues across 12 networks, including Solana, Ethereum, Base, BNB,
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and Xlair. This is really great. I've often stated the
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white glove service, the data and the analytics that exist
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for TradFi needs to be built for crypto users. And
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now that you have this new fast growing segment of
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tokenized assets, you're going to need the data. And here
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they're going to be able to provide that very, very quickly.
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And these data and analytics firms are going to become
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huge because you are going to have a lot of blockchains,
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a lot of transactions. You will need firms to be
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able to provide the guidance. And I've interviewed some of them.
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The folks at Chainalysis are doing a great job. There
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are others and Dune here building out for tokenization. So
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Really great stuff here. So here's a quote. Hedge funds,
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asset managers, market makers, and brokers can now follow on-chain
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price discovery in the same systems they use for listed markets,
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the company said. Guys, crypto is growing up. It's maturing.
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The infrastructure is being built here. All of these things
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will allow for more adoption, more capital, which will raise
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the value of Of the blockchain networks and their native tokens.
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So that's why we're talking about it. I know some
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of it is boring. I know some of you are
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going to say, so Tony, look at the prices today. Right.
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But you got to have the macro view. You got
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to understand the path to higher prices. So hope you
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guys get it. Folks, let me know what you think.
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Leave your thoughts and comments below. Hit the thumbs up button.
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Subscribe if you haven't as yet. Please support the podcast
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paperback and digital. And check out my course at MyCryptoCourse.com.
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This is a comprehensive course that teaches you everything you
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00:16:57.950 --> 00:17:01.049
need to know about blockchain and crypto technology. It features
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00:17:01.210 --> 00:17:05.230
expert commentary. Folks, knowledge is power. So expand your knowledge
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00:17:05.250 --> 00:17:08.109
around this technology today. so that you can know more
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00:17:08.170 --> 00:17:10.190
about it. If you want to work in the industry,
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how to invest, all these different things. It's, again, packed
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00:17:14.200 --> 00:17:17.960
with tons of value. So check it out. Go to MyCryptoCourse.com. Folks,
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00:17:17.980 --> 00:17:20.319
thank you so much for tuning in. I appreciate you all.
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And I'll talk to you all later.
