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Hey everyone, Welcome into the Thinking Crypto podcast. You're home
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for cryptocurrency news and interviews. I'm your host, Tony Edward.
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On your way in.
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Visit that subscribe button as well as a thumbs up
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button and leave a common below. If you're listening on
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a podcast platform such as Spotify or Apple, please leave
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a five star rating and review. Folks, it's great to
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be back. Many of you know, I took a vacation.
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I was actually out in the desert. I visited the
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Grand Canyon. I was in Utah as well, checking out
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different caves. I did some off roading on ATVs. So
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it was great to disconnect and be in nature. And
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those of you who visited the Grand Canyon, it's just
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an amazing place, just incredible, and it was one of
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my bucket lists items.
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So it was great to be able to do that.
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But it's good to be back as well and excited
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to talk about the latest crypto news. So let's start
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with Bitcoin. So, folks, the Bitcoin daily chart is not
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looking too good right now. Bitcoin is trading above seventy
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six thousand dollars. There is a bearish cross on the
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mac D that's not good. It looks like bears are
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gaining momentum and we could see some downward pressure. Now,
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this did happen recently where Bitcoin had that big dump
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down to sixty five K before rallying back up to
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about seventy AK, which you know we're kind of in
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the midst of that are coming off that rally, So
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it doesn't mean that the relief rally itself is over.
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But we have to be very careful here because this
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could be the extent of the relief rally. Even though
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Bitcoin did not officially touch the overbought zone on the RSI,
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it did go nearer to about a sixty six sixty seven,
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and we know anything seventy and above is overbought, so
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we have to be careful here. Bitcoin could roll over
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go test the lows of fifty AK, which it hit
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back in February, or it could go lower. Some analysts
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are calling for the low fifties, fifty K, fifty two K,
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some people are saying forty ks. Right. I'm not saying
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that's definitely going to happen, but what I am saying
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you can't rule the possibility here because no one has
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a crystal ball, and we have to look at all
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the different scenarios and see which one has the higher
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probability of playing out. So I think some sort of
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pullback is definitely in the books here based on the
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metric of the mac D where the bearish cross, how
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low we go we shall see. You know, it could
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simply bounce back up after a few weeks and then
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we keep rallying. Right, that is a possibility, So we're
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gonna have to wait and see. One thing I am
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concerned about, which makes me think that we may go
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test some lows of around fifty AK or so, is
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this stock market is in the OVERBOUGHD zone and it's
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mac D on the daily is about to cross bearish
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as well. It shows the bulls are losing momentum. So
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if the stock market is showing weakness, it's rolling over
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and Big Quin's already starting it right. Big Quinn's kind
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of the Canary Nicole mine here showing what's to come.
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Right. You look at the S and P.
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Five hundred, even look at the NAS that same situation.
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So let's see what happens in the coming weeks. But
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it looks like things are going to cool down here.
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What I am looking to see if this is the
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end of the bigcoin rally and it's going to roll over.
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Could all coins start to rally, you know, it's possible,
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or maybe bigcoin good again, not really ending the really
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rally just has a strong pullback. Then it starts bouncing,
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you know, come late May or whatever it may be.
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Maybe some bullish news about the Clarityact starts coming out,
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you know, and then we see the bigcoin continue to
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rally to maybe eighty k or above. Then you have,
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let's say, all coins follow. So these are things I'm
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looking at and thinking about and you should be aware of.
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So let's continue to monitor the charts, continue to look
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at the stock market because there is a high correlation here.
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All right, let's jump into some news because we do
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have some very big news that we need to talk about.
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So US Secretary of War Pete Heg Saith says he
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is a long enthusiast of bitcoin and agrees it is
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a tool to project power. Let me play a clip here.
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Do you share the opinion that bitcoin is a tool
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to project power? And are there any department wide initiatives
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to ensure the US secures a strategic advantage in bitcoin
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and combats China's digital authoritarianism?
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I guess my short answer would be yes and yes,
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a long and enthusiast of bitcoin and crypto potential and
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a lot of the things we're doing enabling it or
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defeating it is our classified efforts that are ongoing inside
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our department, which I do provide us a lot of
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leverage in a lot of different scenarios.
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So big statements, And what we've seen recently is one
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of the admirals came out and said, you know, he's
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a believer in bitcoin and crypto and the US needs
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the lead in it. So we're seeing some very bullish
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statements about bitcoin and crypto and blockchain technology from very
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important people who hold significant positions in the US government.
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So as we talked about, guys, the future is blockchain rails,
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where the economy, the capital markets, and the government's all
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running on block chain rails. And we're still very early,
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So these are big statements. Now tech giant Meta starts
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paying some creators in stable coin, which stripes support Submeta,
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which owns Facebook, going all in on stable coins.
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Guys.
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If you know your history, they tried to do the
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Libra stable coin, which was backed by a bunch of
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different currencies back in twenty eighteen, twenty nineteen, and of
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course that got blocked by Congress right immediately. You know,
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Facebook was ahead of the curve there, but it was
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the wrong time. But we now have the Genius Act
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in place, we have legislation, so now they can go
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all in. And of course they've got a huge network
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of people on their platforms with different social platforms like Instagram,
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Facebook and much more. Some Meta has begun rolling out
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stable coin payouts to select creators, allowing them to receive
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earnings in USDC on the Solana or Polygon blockchains, so
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big win for USDC stable coin, which is issued by Circle.
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Also it's on the Solana and Polygon blockchains, so I
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do hold Bold tokens. This is where you want to
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look at which blockchains are getting adopted and make sure
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you hold those tokens in your portfolio. The program, supported
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by payments firm Stripe, lets eligible users link a crypto
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wallet and generates tax documents from both Meta and Stripe
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tied to creators earnings and digital asset transactions. The initiative
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marks Meta is a renewed push into stable coin payments
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after its earlier Libra later DM project was shut down
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amid regulatory scrutiny, So let's keep.
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An eye on this.
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This is really big and many of you may recall
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I recently interviewed the head of crypto at PayPal and
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one of the things we discussed is that YouTube is
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using PayPal stable coin py us need to pay out
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creators as well, So this is something to pay attention to.
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As the creator economy, it's going to start integrating stable coins,
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and I believe eventually those stable coins are going to
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be rolled out to people on the platform to be
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able to move easily and much more so every big
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adoption news here. Guys, these companies have huge networks of
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customers and users and they can easily get just mass
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adoption of their stable coins and what they're trying to
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do with crypto. But this is a great example of again,
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the future is capital markets, payments, governments, economies running on
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blockchain rails. And speaking of stable coins, Visa expands its
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stable coin settlement pilot to nine blockchains, adding Base, Polygon Circles, Arc,
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Canton Network, and Tempo. So the credit card company's MasterCard,
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Visa all in a race to try to get as
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much adoption of their stable coin platforms and much more.
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Here's another example of Germany's all Unity expands eu are
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Au to Solana as euro stable coins gain traction. So
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this is happening across the globe. So all Unity has
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expanded its MICA regulated eu are Au stable coin to
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the Salona blockchain to enable faster, cheaper Euro denominated transfers.
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The move is aimed at businesses and developers who want
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to move Euros on chain in seconds for purposes including
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cross border payments, trading, lending, and treasury management. The move
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comes amid rapid growth in euro stable coins and political
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support in Europe as regulators and officials push for more
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compliant Euro denominated digital assets and tokenized deposits. Guys, do
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you see what's happening? It's again, this is a global
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acid class and a global movement with stable coins, blockchain, teching,
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crypto and again Solana being used here and I hold
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the sole token to my portfolio and not financial advice. Obviously,
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do your research, but these are things you want to see.
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Which blockchains are getting built on, getting the utility, the
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building and much more and even more. Stable coin news,
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Anchorage Digital and m zero team up to power next
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wave of regulated stable coins. So Anchorage Digital, the US
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is first federally chartered crypto bank, has tapped m zero
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as its core technology partner. Anchorage's aim is to become
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the primary engine for institutions looking to mint and manage
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regulated stable coins. M Zero's protocol for global institution to
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mint fully configurable stable coins is already used by the
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likes of Stripe, moonpay, and MetaMask. Now I've interviewed the
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founder and CEO of m zero, I believe was last year,
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and they're doing some really cool things. And I've of
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course interviewed the CEO of Anchorage Digital, so I'll try
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to get both of those folks back on the pod
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to talk about this. But again, just the infrastructure being
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set up here for more mass adoption of stable coins
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and crypto, and obviously you want to pay attention to
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which blockchains are getting the adoption or if folks.
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Quick word from our sponsor.
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US regulatory framework. That is the genius at want to
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and the ability to trade directly from custody. No pre
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is one of the first federally chartered digital asset infrastructure companies,
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but accessible to for thinking players across the space. So
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whether you're scaling a fintech, managing a fund, or building
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the future of finance, bitco gives you all the tools
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that you need to do this securely, compliantly, and at scale.
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So learn more at bitgo dot com and see why
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the biggest players in crypto trust Bitgo, Okay moving ahead.
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Tether backed Ubit rolls out virtual visa cars, AI agent
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USDT spending. So AI agents are of course going to
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use stable coins and crypto assets and digital assets. They're
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not gonna use cash obviously, and even the traditional credit
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card rails or payment rails they're gonna use digital currencies.
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So uh, it's incredible the technology in the infrastructure that's
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being built.
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So crypto wallet's startup.
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Ubit, has launched a visa supported virtual card for AI
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agents to make online purchases and USDT on behalf of
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businesses without human intervention. The agent cards are funded directly
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from from stable coin issuer Tether's treasury, meaning no fiat
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on ramp or conversions are needed for AI agents to
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top up USDT balances and make online purchases, ubit said
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on Thursday. The tetherback startup said the EI agents could
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use the cards to do anything from renewing a software
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as a service subscription, to topping up and advertising budget
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or even spinning up cloud infrastructure at three am because
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a workflow told it too incredible. What is being built.
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It just blows my mind and I can't wait to
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see by twenty thirty what this all looks like when
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it starts to mature, right, because right now we are
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in the trial and error phase from any of these things.
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Then there will be a rollout of the version one,
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and then of course there's going to be bugs in it, right,
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They're gonna have to weed out all the bugs and
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the kinks and then fine tune it.
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And then I'm curious.
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To you would version two and three looks like. But
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I hope you guys see where the puck is heading.
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Right.
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This is not a fad. They're building the infrastructure for
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the AI agent economy, and it's going to use stable
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coins in blockchain tech. Now, PayPal restructures into three core
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units with crypto and payments now a standalone division. I
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mean PayPal legacy payments company been around for a long time.
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Now has a division. They're dedicated to crypto. Right, so
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they got their own stable coins. Their platforms, both PayPal
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and Venmo offer crypto trading and wallet services and much
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more so. Incredible stuff. Okay, moving ahead, coinbases Acid Manager
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to offer a stable coin credit fund with tokenized share class.
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This is an interesting one. Coin based Asset Management is
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introducing a credit fund tied to stable coin markets with
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a tokenized share class. The fund, dubbed Cushy. Cushy will
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use Superstate's fund os platform to issue on chain shares
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on Ethereum, Solana and Base blockchains. Again, pay attention to
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the blockchains you're getting adoption. The move reflects growing demand
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for yield products built on blockchain rails. Coin Based Asset
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Management president said, man, the innovation that's happening is so amazing.
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And guys, you know, notice a lot of this news
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is related to stable coins, and that's because there's a
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law in place, the Genius Act, right, so you're seeing
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a lot of innovation and building. Guess what will happen
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when the Clarity Act passes, right? And maybe that's twhy
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these banks are trying to hold it up, because there's
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going to be tons of innovation, new startups and a
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lot more creative crypto products that will offer financing and
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much much more. So I think, again, why are the
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banks fighting this, fighting stable point yield, trying to hold
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up the bill because they got to catch up. But
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I mean, just look at what's being built guys, and
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again it's all going to run on blockchain rails.
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Now.
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Bullish, which is an institutional digital asset exchange, and you
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know you've probably seen their CEO and CNBC has expanded
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their partnership with Ripple Prime giving institutional clients direct access
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to Bullish's bitcoin options market with r l U s D.
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So big partnership here.
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Ripple doing an amazing job as a company being able
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to you know, set up the different services. Even if
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it's not directly using XRP or r l U s D,
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they're offering other crypto services. So it's smart, right, You're
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bringing more people into your network obviously, then you can
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continue to pitch them xrpd xrp ledger your stable coin
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as well. Now, Polymarket taps Chainalysis to bring Wall Street
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level oversight to crypto prediction markets. By partnering with Chainalysis
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to monitor its blockchain data in real time, Polymarket is
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signaling to both users and regulators that it is serious
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about eliminating insider trading and market manipulation.
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This is very good.
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I've interviewed the CEO of Chainalysis and they're doing a
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great job monitoring blockchain data. They work with a lot
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of different firms to stop bad actors, a weed out
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fraud and all these different things. So it's great that
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polymarket is leveraging services like this because, look, there's a
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lot of shady stuff happening. I'm not saying polymarket is
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doing anything bad, but bad actors, people in the government
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and much more are taking advantage of insider information that
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they know. I think we've all seen the headlines and
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all the things that are going on, and we need
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that stuff to stop because it's going to make crypto
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look bad if those things are dominating the headlines. This
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is the great things that are being built, you know,
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public perception is going to be really bad and people
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are going to think this is all a scam because
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many of them are just they haven't been fully educated
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about what's happening. They just see the headlines, They just
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see certain things on social media. Many don't take the
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next step to go research right to understand how this
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all works. And that we are so early we don't
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even have legislation pass yet. And yes, bad actors take
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advantage of every technology. They did with the Internet, they'll
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do it with any future technology AI agents. Wait till
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the scammers get a whole AI agents and they start
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doing things with it. Right, bad actors and people out
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there are going to take advantage. So we need to
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have the guard wills in place, the legislation to stop
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all of these things. And actually, here's some good news.
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US senators won't be weighing in on prediction market bets
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after banning themselves. So the Senate agreed unanimously to revise
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its rules to ban members and their staffs from wagers
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or prediction markets. Platform is very good. We've all seen
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the Nancy Pelosi, you know, she's the poster child for
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the inside of tradement trading from government officials. Obviously both
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sides of the aisle do it right, Democrats and Republicans.
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We've seen many reports, even going back to the COVID
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days and all these things. We've seen both sides. So
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we can't have this. We really cannot have this, and
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it really sucks. And look, there are people waiting in
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the stands, like Elizabeth Warren to try to go after
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the crypto industry because we know she's a puppet for
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the tradifying companies many of the banks who want to
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slow crypto down, not kill it, but they want to
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stop it so they can control it. But Senator Warren
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questions Commerce Secretary Lutnik on Tether loan to family. Senators
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Elizabeth Warrener and want Ron Whiten sent letters to Howard
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Lutnik and Tell CEO Paolo Arduino asking about a loan
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Tether reportedly made to Lutnix family. Now we know Howard
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Lutnix's company, Canter Fitzgerald did a big audit of Tether.
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You know how Lutnik at Davos a couple of years
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back said they have the money, they have the reserves
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and much more and t other I believe actually Kentter
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Vigil isn't heavily invested in tether. So again you have
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these people here waiting just to attack crypto. If Elizabeth
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Warren was doing this in good faith, I wouldn't necessarily
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say anything. You know, she's like maybe trying to start
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stop bad actors. That'll be fine, But we know she's
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going back to the Gary against her days. She's really
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trying to help the banks by slowing this technology down,
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and she'll use whatever AMMO is out there. So whether
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it's like Trump's were Liberty Financial recently getting caught up
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with some companies that were sanctioned, and much more, President
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Trump's a mean coin, which again I've said many times
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he shouldn't have that that. That's no president, no elected
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officials should.
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Have something like that.
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So this is where we need to as an industry
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really start cleaning up some of these things. And look,
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we'll get there, We'll get the legislation pass and then
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a lot of these things can be enforced. But we
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know these things do take time, so we're gonna have
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to be patient and not get too frustrated because at
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times they can be very frustrating. Anyway, guys, that's the
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news let me know what to think. Leave your thoughts
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00:20:20.559 --> 00:20:22.880
and comments below hit the thumbs up button subscribe if
369
00:20:22.920 --> 00:20:25.599
you haven't as yet, be sure to support the podcast
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course dot com. This is a comprehensive course that teaches
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you everything you need to know about crypto. Right now,
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we have a huge sale going on a bear market
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packed with tons of value. It features expert commentary and
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much much more. So go to Mycrypto Course dot com
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A r at check out to get fifty percent off. Folks,
384
00:21:07.640 --> 00:21:09.640
thank you so much for tuning in. I appreciate you
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00:21:09.720 --> 00:21:12.000
all and I'll talk to you all later.
1
00:00:05.120 --> 00:00:08.599
Hey everyone, Welcome into the Thinking Crypto podcast. You're home
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00:00:08.720 --> 00:00:12.480
for cryptocurrency news and interviews. I'm your host, Tony Edward.
3
00:00:12.560 --> 00:00:13.199
On your way in.
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00:00:13.400 --> 00:00:15.640
Visit that subscribe button as well as a thumbs up
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00:00:15.679 --> 00:00:18.079
button and leave a common below. If you're listening on
6
00:00:18.079 --> 00:00:21.000
a podcast platform such as Spotify or Apple, please leave
7
00:00:21.039 --> 00:00:23.839
a five star rating and review. Folks, it's great to
8
00:00:23.839 --> 00:00:25.519
be back. Many of you know, I took a vacation.
9
00:00:25.920 --> 00:00:28.160
I was actually out in the desert. I visited the
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00:00:28.199 --> 00:00:31.399
Grand Canyon. I was in Utah as well, checking out
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00:00:31.399 --> 00:00:34.880
different caves. I did some off roading on ATVs. So
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00:00:34.960 --> 00:00:37.679
it was great to disconnect and be in nature. And
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00:00:37.799 --> 00:00:40.320
those of you who visited the Grand Canyon, it's just
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00:00:40.359 --> 00:00:45.039
an amazing place, just incredible, and it was one of
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00:00:45.039 --> 00:00:46.159
my bucket lists items.
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So it was great to be able to do that.
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But it's good to be back as well and excited
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00:00:50.600 --> 00:00:53.200
to talk about the latest crypto news. So let's start
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00:00:53.200 --> 00:00:56.079
with Bitcoin. So, folks, the Bitcoin daily chart is not
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00:00:56.119 --> 00:00:58.960
looking too good right now. Bitcoin is trading above seventy
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00:00:59.000 --> 00:01:02.079
six thousand dollars. There is a bearish cross on the
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00:01:02.200 --> 00:01:05.239
mac D that's not good. It looks like bears are
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00:01:05.280 --> 00:01:08.879
gaining momentum and we could see some downward pressure. Now,
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this did happen recently where Bitcoin had that big dump
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00:01:14.200 --> 00:01:16.879
down to sixty five K before rallying back up to
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00:01:17.000 --> 00:01:19.000
about seventy AK, which you know we're kind of in
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the midst of that are coming off that rally, So
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00:01:22.280 --> 00:01:25.480
it doesn't mean that the relief rally itself is over.
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But we have to be very careful here because this
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could be the extent of the relief rally. Even though
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Bitcoin did not officially touch the overbought zone on the RSI,
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it did go nearer to about a sixty six sixty seven,
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and we know anything seventy and above is overbought, so
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we have to be careful here. Bitcoin could roll over
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00:01:47.599 --> 00:01:49.920
go test the lows of fifty AK, which it hit
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back in February, or it could go lower. Some analysts
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00:01:54.239 --> 00:01:57.239
are calling for the low fifties, fifty K, fifty two K,
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some people are saying forty ks. Right. I'm not saying
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00:01:59.799 --> 00:02:02.120
that's definitely going to happen, but what I am saying
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you can't rule the possibility here because no one has
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a crystal ball, and we have to look at all
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the different scenarios and see which one has the higher
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probability of playing out. So I think some sort of
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pullback is definitely in the books here based on the
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metric of the mac D where the bearish cross, how
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low we go we shall see. You know, it could
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00:02:21.520 --> 00:02:24.879
simply bounce back up after a few weeks and then
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we keep rallying. Right, that is a possibility, So we're
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gonna have to wait and see. One thing I am
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concerned about, which makes me think that we may go
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test some lows of around fifty AK or so, is
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this stock market is in the OVERBOUGHD zone and it's
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mac D on the daily is about to cross bearish
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as well. It shows the bulls are losing momentum. So
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if the stock market is showing weakness, it's rolling over
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and Big Quin's already starting it right. Big Quinn's kind
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of the Canary Nicole mine here showing what's to come.
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Right. You look at the S and P.
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Five hundred, even look at the NAS that same situation.
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So let's see what happens in the coming weeks. But
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it looks like things are going to cool down here.
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What I am looking to see if this is the
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end of the bigcoin rally and it's going to roll over.
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Could all coins start to rally, you know, it's possible,
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or maybe bigcoin good again, not really ending the really
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rally just has a strong pullback. Then it starts bouncing,
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you know, come late May or whatever it may be.
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Maybe some bullish news about the Clarityact starts coming out,
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you know, and then we see the bigcoin continue to
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rally to maybe eighty k or above. Then you have,
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let's say, all coins follow. So these are things I'm
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looking at and thinking about and you should be aware of.
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So let's continue to monitor the charts, continue to look
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at the stock market because there is a high correlation here.
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All right, let's jump into some news because we do
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have some very big news that we need to talk about.
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So US Secretary of War Pete Heg Saith says he
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is a long enthusiast of bitcoin and agrees it is
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a tool to project power. Let me play a clip here.
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Do you share the opinion that bitcoin is a tool
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to project power? And are there any department wide initiatives
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to ensure the US secures a strategic advantage in bitcoin
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and combats China's digital authoritarianism?
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I guess my short answer would be yes and yes,
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a long and enthusiast of bitcoin and crypto potential and
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a lot of the things we're doing enabling it or
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defeating it is our classified efforts that are ongoing inside
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our department, which I do provide us a lot of
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leverage in a lot of different scenarios.
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So big statements, And what we've seen recently is one
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of the admirals came out and said, you know, he's
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a believer in bitcoin and crypto and the US needs
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the lead in it. So we're seeing some very bullish
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statements about bitcoin and crypto and blockchain technology from very
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important people who hold significant positions in the US government.
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So as we talked about, guys, the future is blockchain rails,
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where the economy, the capital markets, and the government's all
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running on block chain rails. And we're still very early,
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So these are big statements. Now tech giant Meta starts
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paying some creators in stable coin, which stripes support Submeta,
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which owns Facebook, going all in on stable coins.
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Guys.
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If you know your history, they tried to do the
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Libra stable coin, which was backed by a bunch of
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different currencies back in twenty eighteen, twenty nineteen, and of
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course that got blocked by Congress right immediately. You know,
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Facebook was ahead of the curve there, but it was
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the wrong time. But we now have the Genius Act
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in place, we have legislation, so now they can go
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all in. And of course they've got a huge network
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of people on their platforms with different social platforms like Instagram,
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Facebook and much more. Some Meta has begun rolling out
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stable coin payouts to select creators, allowing them to receive
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earnings in USDC on the Solana or Polygon blockchains, so
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big win for USDC stable coin, which is issued by Circle.
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Also it's on the Solana and Polygon blockchains, so I
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do hold Bold tokens. This is where you want to
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look at which blockchains are getting adopted and make sure
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you hold those tokens in your portfolio. The program, supported
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by payments firm Stripe, lets eligible users link a crypto
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wallet and generates tax documents from both Meta and Stripe
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tied to creators earnings and digital asset transactions. The initiative
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marks Meta is a renewed push into stable coin payments
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after its earlier Libra later DM project was shut down
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amid regulatory scrutiny, So let's keep.
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An eye on this.
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This is really big and many of you may recall
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I recently interviewed the head of crypto at PayPal and
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one of the things we discussed is that YouTube is
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using PayPal stable coin py us need to pay out
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creators as well, So this is something to pay attention to.
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As the creator economy, it's going to start integrating stable coins,
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and I believe eventually those stable coins are going to
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be rolled out to people on the platform to be
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able to move easily and much more so every big
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adoption news here. Guys, these companies have huge networks of
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customers and users and they can easily get just mass
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adoption of their stable coins and what they're trying to
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do with crypto. But this is a great example of again,
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the future is capital markets, payments, governments, economies running on
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blockchain rails. And speaking of stable coins, Visa expands its
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stable coin settlement pilot to nine blockchains, adding Base, Polygon Circles, Arc,
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Canton Network, and Tempo. So the credit card company's MasterCard,
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Visa all in a race to try to get as
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much adoption of their stable coin platforms and much more.
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Here's another example of Germany's all Unity expands eu are
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Au to Solana as euro stable coins gain traction. So
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this is happening across the globe. So all Unity has
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expanded its MICA regulated eu are Au stable coin to
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the Salona blockchain to enable faster, cheaper Euro denominated transfers.
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The move is aimed at businesses and developers who want
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to move Euros on chain in seconds for purposes including
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cross border payments, trading, lending, and treasury management. The move
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comes amid rapid growth in euro stable coins and political
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support in Europe as regulators and officials push for more
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compliant Euro denominated digital assets and tokenized deposits. Guys, do
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you see what's happening? It's again, this is a global
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acid class and a global movement with stable coins, blockchain, teching,
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crypto and again Solana being used here and I hold
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the sole token to my portfolio and not financial advice. Obviously,
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do your research, but these are things you want to see.
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Which blockchains are getting built on, getting the utility, the
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building and much more and even more. Stable coin news,
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Anchorage Digital and m zero team up to power next
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wave of regulated stable coins. So Anchorage Digital, the US
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is first federally chartered crypto bank, has tapped m zero
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as its core technology partner. Anchorage's aim is to become
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the primary engine for institutions looking to mint and manage
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regulated stable coins. M Zero's protocol for global institution to
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mint fully configurable stable coins is already used by the
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likes of Stripe, moonpay, and MetaMask. Now I've interviewed the
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founder and CEO of m zero, I believe was last year,
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and they're doing some really cool things. And I've of
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course interviewed the CEO of Anchorage Digital, so I'll try
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to get both of those folks back on the pod
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to talk about this. But again, just the infrastructure being
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set up here for more mass adoption of stable coins
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and crypto, and obviously you want to pay attention to
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which blockchains are getting the adoption or if folks.
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Quick word from our sponsor.
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including qualified custody, trading, staking, financing, and stable coin infrastructure,
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of months without dealing with complex licensing or infrastructure. If
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you're looking to launch a stable coin, bidgo offers a
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complete stable coin as a service platform, from reserves and
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smart contracts to compliance, built to align with the new
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US regulatory framework. That is the genius at want to
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earn rewards on your crypto. Bitgo runs one of the
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largest institutional staking platforms with tens of billions staked across
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fifty plus network all while your assets stays securely in
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qualified custody. Need deep liquidity and execution. Their trading platform
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aggregates liquidity across thirty plus venues, giving you better pricing
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00:11:12.679 --> 00:11:15.919
and the ability to trade directly from custody. No pre
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00:11:16.039 --> 00:11:19.519
funding required for approved clients and if you need capital,
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Bitgo offers crypto backed financing, so you can unlock liquidity
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without selling your assets. So here's the bottom line. Bitco
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is one of the first federally chartered digital asset infrastructure companies,
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00:11:31.399 --> 00:11:36.159
offering regulated, insured custody and a platform built for institutions
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00:11:36.360 --> 00:11:39.879
but accessible to for thinking players across the space. So
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whether you're scaling a fintech, managing a fund, or building
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the future of finance, bitco gives you all the tools
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that you need to do this securely, compliantly, and at scale.
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So learn more at bitgo dot com and see why
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the biggest players in crypto trust Bitgo, Okay moving ahead.
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Tether backed Ubit rolls out virtual visa cars, AI agent
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USDT spending. So AI agents are of course going to
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use stable coins and crypto assets and digital assets. They're
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not gonna use cash obviously, and even the traditional credit
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card rails or payment rails they're gonna use digital currencies.
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So uh, it's incredible the technology in the infrastructure that's
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being built.
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So crypto wallet's startup.
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Ubit, has launched a visa supported virtual card for AI
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agents to make online purchases and USDT on behalf of
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businesses without human intervention. The agent cards are funded directly
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from from stable coin issuer Tether's treasury, meaning no fiat
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on ramp or conversions are needed for AI agents to
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top up USDT balances and make online purchases, ubit said
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on Thursday. The tetherback startup said the EI agents could
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use the cards to do anything from renewing a software
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as a service subscription, to topping up and advertising budget
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or even spinning up cloud infrastructure at three am because
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a workflow told it too incredible. What is being built.
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It just blows my mind and I can't wait to
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see by twenty thirty what this all looks like when
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it starts to mature, right, because right now we are
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in the trial and error phase from any of these things.
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Then there will be a rollout of the version one,
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and then of course there's going to be bugs in it, right,
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They're gonna have to weed out all the bugs and
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the kinks and then fine tune it.
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And then I'm curious.
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To you would version two and three looks like. But
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I hope you guys see where the puck is heading.
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Right.
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This is not a fad. They're building the infrastructure for
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the AI agent economy, and it's going to use stable
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coins in blockchain tech. Now, PayPal restructures into three core
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units with crypto and payments now a standalone division. I
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mean PayPal legacy payments company been around for a long time.
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Now has a division. They're dedicated to crypto. Right, so
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they got their own stable coins. Their platforms, both PayPal
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and Venmo offer crypto trading and wallet services and much
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more so. Incredible stuff. Okay, moving ahead, coinbases Acid Manager
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to offer a stable coin credit fund with tokenized share class.
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This is an interesting one. Coin based Asset Management is
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introducing a credit fund tied to stable coin markets with
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a tokenized share class. The fund, dubbed Cushy. Cushy will
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use Superstate's fund os platform to issue on chain shares
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on Ethereum, Solana and Base blockchains. Again, pay attention to
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the blockchains you're getting adoption. The move reflects growing demand
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for yield products built on blockchain rails. Coin Based Asset
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Management president said, man, the innovation that's happening is so amazing.
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And guys, you know, notice a lot of this news
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is related to stable coins, and that's because there's a
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law in place, the Genius Act, right, so you're seeing
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a lot of innovation and building. Guess what will happen
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when the Clarity Act passes, right? And maybe that's twhy
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these banks are trying to hold it up, because there's
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going to be tons of innovation, new startups and a
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lot more creative crypto products that will offer financing and
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much much more. So I think, again, why are the
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banks fighting this, fighting stable point yield, trying to hold
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up the bill because they got to catch up. But
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I mean, just look at what's being built guys, and
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again it's all going to run on blockchain rails.
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Now.
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Bullish, which is an institutional digital asset exchange, and you
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know you've probably seen their CEO and CNBC has expanded
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their partnership with Ripple Prime giving institutional clients direct access
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to Bullish's bitcoin options market with r l U s D.
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So big partnership here.
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Ripple doing an amazing job as a company being able
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to you know, set up the different services. Even if
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it's not directly using XRP or r l U s D,
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they're offering other crypto services. So it's smart, right, You're
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bringing more people into your network obviously, then you can
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continue to pitch them xrpd xrp ledger your stable coin
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as well. Now, Polymarket taps Chainalysis to bring Wall Street
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level oversight to crypto prediction markets. By partnering with Chainalysis
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to monitor its blockchain data in real time, Polymarket is
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signaling to both users and regulators that it is serious
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about eliminating insider trading and market manipulation.
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This is very good.
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I've interviewed the CEO of Chainalysis and they're doing a
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great job monitoring blockchain data. They work with a lot
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of different firms to stop bad actors, a weed out
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fraud and all these different things. So it's great that
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polymarket is leveraging services like this because, look, there's a
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lot of shady stuff happening. I'm not saying polymarket is
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doing anything bad, but bad actors, people in the government
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and much more are taking advantage of insider information that
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they know. I think we've all seen the headlines and
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all the things that are going on, and we need
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that stuff to stop because it's going to make crypto
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look bad if those things are dominating the headlines. This
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is the great things that are being built, you know,
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public perception is going to be really bad and people
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are going to think this is all a scam because
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many of them are just they haven't been fully educated
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about what's happening. They just see the headlines, They just
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see certain things on social media. Many don't take the
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next step to go research right to understand how this
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all works. And that we are so early we don't
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even have legislation pass yet. And yes, bad actors take
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advantage of every technology. They did with the Internet, they'll
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do it with any future technology AI agents. Wait till
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the scammers get a whole AI agents and they start
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doing things with it. Right, bad actors and people out
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there are going to take advantage. So we need to
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have the guard wills in place, the legislation to stop
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all of these things. And actually, here's some good news.
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US senators won't be weighing in on prediction market bets
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after banning themselves. So the Senate agreed unanimously to revise
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its rules to ban members and their staffs from wagers
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or prediction markets. Platform is very good. We've all seen
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the Nancy Pelosi, you know, she's the poster child for
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the inside of tradement trading from government officials. Obviously both
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sides of the aisle do it right, Democrats and Republicans.
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We've seen many reports, even going back to the COVID
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days and all these things. We've seen both sides. So
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we can't have this. We really cannot have this, and
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it really sucks. And look, there are people waiting in
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the stands, like Elizabeth Warren to try to go after
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the crypto industry because we know she's a puppet for
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the tradifying companies many of the banks who want to
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slow crypto down, not kill it, but they want to
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stop it so they can control it. But Senator Warren
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questions Commerce Secretary Lutnik on Tether loan to family. Senators
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Elizabeth Warrener and want Ron Whiten sent letters to Howard
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Lutnik and Tell CEO Paolo Arduino asking about a loan
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Tether reportedly made to Lutnix family. Now we know Howard
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Lutnix's company, Canter Fitzgerald did a big audit of Tether.
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You know how Lutnik at Davos a couple of years
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back said they have the money, they have the reserves
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and much more and t other I believe actually Kentter
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Vigil isn't heavily invested in tether. So again you have
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these people here waiting just to attack crypto. If Elizabeth
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Warren was doing this in good faith, I wouldn't necessarily
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say anything. You know, she's like maybe trying to start
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stop bad actors. That'll be fine, But we know she's
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going back to the Gary against her days. She's really
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trying to help the banks by slowing this technology down,
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and she'll use whatever AMMO is out there. So whether
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it's like Trump's were Liberty Financial recently getting caught up
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with some companies that were sanctioned, and much more, President
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Trump's a mean coin, which again I've said many times
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he shouldn't have that that. That's no president, no elected
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officials should.
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Have something like that.
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So this is where we need to as an industry
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really start cleaning up some of these things. And look,
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we'll get there, We'll get the legislation pass and then
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a lot of these things can be enforced. But we
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know these things do take time, so we're gonna have
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to be patient and not get too frustrated because at
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times they can be very frustrating. Anyway, guys, that's the
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news let me know what to think. Leave your thoughts
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00:20:20.559 --> 00:20:22.880
and comments below hit the thumbs up button subscribe if
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course dot com. This is a comprehensive course that teaches
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you everything you need to know about crypto. Right now,
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we have a huge sale going on a bear market
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A r at check out to get fifty percent off. Folks,
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thank you so much for tuning in. I appreciate you
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all and I'll talk to you all later.
