BIG CRYPTO NEWS! TETHER USAT STABLECOIN, GEMINI IPO, & POLYMARKET CHAINLINK!

Episode Transcript
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Speaker 1 (00:04):
Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please sit that subscribe button as
well as the thumbs up button and leave a comment below.
If you're listening on a podcast platform such as Spotify
or Apple, please leave a five star rating and review. Folks,
Let's quickly take a look at the prices here. Bitcoin

(00:25):
over one hundred and sixteen thousand dollars. But as I've
been telling you guys, I'm being cautiously optimistic here in
the short term, midterm, and long term, I am bullish.
Many of you know that we are still in a
bull market, but right now on the weekly chart, the
mac D shows the bears are in control. And if
we are following the cyclical pattern of the market here,

(00:46):
then we have to look at the metrics and the
data and go with what the data is telling us.
Even though we're seeing an uptick in the price, but
until we break through those all time highs, there's still
room for downside here. So watch out. This week coming
could be very volatile because we are going to hear
from the Fed, and anytime there's any type of FMC

(01:07):
meeting or announcement, there's lots of volatility, so be prepared
for the volatility, and this could send us crashing flash crashing.
Then we find our bottom and then we start rallying.
I believe in the second half of September going into
October to new all time highs. That is my prediction
based on what I'm seeing here. Global liquidity is something

(01:28):
I continue to monitor. It has recovered to the top
it was showing in September, but we need to see
it break new highs, and it looks like it will.
So this is where we're going to look at this
data point and determine if Q four is going to
be a local top and then the ultimate bloff top
comes in Q one twenty twenty six, or we get
our bloff top in Q four. So patients is the key.

(01:51):
Let's continue to monitor the data and the charts and
the metrics and the signals to get an idea where
we're at and where we're going. Now, something that's in thing.
One user here highlighted the gold chart because it looks
like gold is about to top out. It is in
the overbought zone and it has been making new all
time highs. And what we've seen is the rotation of

(02:12):
liquidity from these assets from a macro perspective, from gold
to stocks to crypto. Gold has been a leading indicator
in this macro bowl market. And yes, we are in
a macro bowl market for all assets, real estate, crypto, stocks,
and so forth. That's why you see the prices going
up despite maybe the economy not doing as well. I
think we're in a light recession right now. So with

(02:34):
gold topping out, you could start to see rotational liquidity
here and that liquidity start hitting stocks again and then
crypto as we head into the second half of September
into October. So you see how these things are running
in parallel here as far as timing and what we're
looking at, and again it's just the facts. I'm not
making this up. If you go look at the chart,
it's overbought and many analysts are calling this the fifth

(02:56):
wave from an Elliot wave analysis standpoint for old on
the charts. You can, of course go do your own research,
but I'm sharing the data here with you. So this
is very interesting. Now here's another example that we are
enable market folks. Gemini, the crypto exchange headed up by
the Winklevoss twins. They did their IPO, they're listing their
public listing on the Nasdaq on Friday, and it was

(03:18):
a four hundred and twenty five million dollars NASDAC debut.
The stock performed really well. Now I don't hold the
stock and I don't usually go buy IPOs when they
launch because that's a trap right there. Now, many people
don't know about that. There's a lot of retail people
who don't know. And sure it could work out where
you get some short term gains, but usually when a
stock comes out via IPO and there's a lot of

(03:40):
hype and it starts rallying, you know that's not sustainable.
It there's going to be a cool down period, and
then when it cools down, that's when you look to accumulate.
So shares of Gemini, the digital asset exchange founded by
Cameron and Tyler Winklevoss, surge in their market debut on Friday,
signaling strong institutional appetite for crypto related X equities. Gemini

(04:01):
sharees briefly top forty dollars on Friday, according to Yahoo
Finance data, before retreating later in the session. By the afternoon,
Gemini was trading near thirty five dollars a year, up
twenty four percent on the day for a market cap
around one point three billion dollars. So congrats to the
Wink of Oss Twins and folks. Again another example, we

(04:21):
are in a bull market no one does an IPO
or public listing, and a bear market when there's no liquidity.
But we've been seeing global liquidity has been going up.
We have been in a bullmarket for the past two years.
Obviously some of you are going to say, what, Well,
it depends what assets you've been holding, right, That's why
I hold some bigcoin in my portfolio that has been
carrying my portfolio even though all coins were not catching

(04:43):
up yet. Now all coins are starting to catch up.
But this is where you want to be diversified. You
don't want to be emotional, you don't want to be tribal,
you want to be educated. As I've been saying, don't
be emotional, be educated. So great debut for the Wink
of Oss Twins and best of luck to them on this.
We're going to continue to see more crypto companies go
public as we continue to bull market. But once the

(05:06):
signals at the top and you know you're going to
see less and less as we head into the bear market. Right. Remember,
these guys don't operate by emotions. They have banks and
room full of analysts reviewing all the data and signals
to you know, plan this out accordingly to get the
best possible performance. Now, very big news from Tether. They
unveiled us a t a planned US regulated dollar back

(05:31):
stable coin, and they're appointing bow Hines as the CEO.
Many of you may recall I interviewed bow Hines. He
was working with David Sachs at the White House, part
of the White House Digital Asset Council, if you want
to call it that. So, really great pick up here
by Tether, and they're launching a stable coin for the
United States and really great branding us at very very

(05:55):
smart on their part. I love the branding there. You
know my backgrounds in digital marketing, so from a marketing perspective,
very very smart. So Tether announced a new dollar back
stable coin and said former White House crypto advisor Bohines
will become CEO of Tether USAT. The new stable coin
will be consistent with the reserve requirements and compliance standards

(06:19):
of the recently passed Genius stable Coin Bill and will
use Tether's hadrawn real world asset tokenization platform. According to
a Friday announcement, stable coins recently crossed the two hundred
and seventy billion dollar milestone. According to RWA dot Xyz,
Tether CEO Paolo Ardouino said, Tether is already one of

(06:40):
the largest holders of US treasuries because we believe in
the enduring power of the US dollar. USAT is our
commitment to ensuring that the dollar not only remains dominant
in the digital age, but thrives. So Tether, as many
of you may know, they hold a lot of US treasuries,
and on the list of countries that hold US treasuries,

(07:03):
Tether's climbing that list. And it's pretty incredible what's happening.
And this is why I've been saying we're at another
Bretton Woods moment where the US is not going to
be as dependent on foreign countries to hold its treasuries,
but they can now go to stable coin issuers who
are issuing the US dollar. And the Genius Act pass
the banks are going to issue their own stable coins

(07:24):
and much more so. This works very well for the
dollar dominance and for the United States to keep doing
what it's doing. So very big news here, folks. I'm
going to try to get Tether's CEO back on the
podcast to talk about this. I've interviewed them a couple
of times over the years. So the stable coin war
is the race is heating up here. Competition is very

(07:44):
good for the consumer and us as users. So let's
see how this all goes as within the next six
months or so and how much steam they pick up
here in the United States. Now, folks, quick word from
our sponsor, and that is propty is leading the charge
with putting real estate on chain, folks. Larry Fink, CEO
Black Rock set tokenization is the future of finance, and

(08:05):
we know they're going to tokenize all assets, and that
of course includes real estate, which is the world's largest
asset class. Now Propy allows you to buy and sell
real estate using crypto. So if you want to sell
your house for xrp bitcoin e theorem, you can do
that on Propy, and the whole platform is powered by blockchain.
They also use coinbase for the crypto escro service, so

(08:27):
for the buying and selling and the holding of the
assets and so forth. So Propy's been doing this since
twenty seventeen. They're a licensed pioneer Web three pioneer and
they've facilitated over four billion dollars in transactions. Now, I
discovered Proply back in twenty eighteen. I'm a pro token holder.
Pro is the native token of the Propy blockchain. And

(08:48):
they're working with a lot of real estate organizations around
the United States and around the world, folks. So they've
put deeds on chain, They've created NFTs for properties and
much more. They are really leading to charge folks, so
highly recD then you go check them out. They're doing
a lot of great things. So go to property dot
com linko beating description. Now, folks, look at this news.
This is very big. Polymarket turns to chain link oracles

(09:10):
for resolution of price focused bets. We continue to see
NonStop adoption of chain link, and that's why I hold
it in my portfolio. Not financial advice. Do your own research,
but I've been sharing with you guys. Chain Link has
been getting tons of adoption. The most recent was news
of them partnering with UBS trying to do some tokenization

(09:31):
pilots in Hong Kong. So the amount of adoption chain
Link is seeing is incredible in the crypto market and
outside of the crypto market. And poly Market, which is
the crypto powered prediction platform. You know, they got the
green light from the CFTC, so they're going to go
all in. I'm going to try to get the founder
on the podcast, but the clarity is there and they're

(09:54):
going to scale the business here in the United States.
So Polymarket one of the largest on chain prediction markets.
It has integrated chain Link's oracle infrastructure to supply verifiable
data and automate how markets are resolved. According to a
press release, the partnership combines Chainlink data streams for low
latency timestamp price reports with chain Link automation to trigger

(10:16):
on chain settlement at preset times already live on polygon
mayenet for price based markets such as crypto pairs. The
tie up aims to make outcomes faster and harder to
tamper with. The firm said they will also test methods
for applying chain Link data to more subjective questions to
reduce reliance on social voting. So, folks, huge adoption of

(10:40):
chain link here and again, chain Link getting adoption both
in crypto and outside of crypto and I continue to
be bullish on this token and I hope it does
well this bull market cycle. It's already been performing well.
I'm hoping for one hundred dollars plus a chain link price,
but again not financial advice. I'm just that's my hope.
But we got to see how the market plays out.

(11:01):
But so far, so good, and this is one project
you want to keep an eye on. Now. Moving ahead,
wisdom Tree introduces tokenize Private Credit fund as market crosses
sixteen billion dollars. So, folks, we're seeing all the big
Wall Street tradi fi institutions going all in on tokenization,
tokenizing stocks, money market funds, and much more. This is

(11:24):
the future of finance. As I mentioned earlier with Propy,
they're going to put everything on chain, folks. So asset
manager wisdom Tree launch its Private Credit and Alternative Income
Digital Fund, a tokenized private credit vehicle amid and uptick
in firms expanding into the Tookenized Private Credit niche, and
other tokenized real world assets. The fund will include credit

(11:48):
extended to private corporations, loans made to real estate investment trusts,
which are funds that track baskets of commercial properties, and
debt for business Development Corporate, which are investment companies that
offer financing to other businesses. According to Friday's announcement, so
the Private Credit and Alternative fund is available to retail

(12:10):
and institutional investors, expanding access to an asset class typically
reserved for institutional and sophisticated investors. This is really great
to hear that they're opening it up to retail. So
this is one of the benefits of tokenizing some of
these funds is that now you can open up to
people across the globe and they can buy fractions of

(12:30):
these tokenized assets. So this is really really great. Now.
Of course, they're not the first to do this wisdom
treat That is, they're following a bunch of other trad
FI institutions who announced earlier in the year that they
are doing this as well, and it includes investment bank
Goldman Sex and banking institution BNY Mellon. They are offering
access to tokenized money market funds for investors. This was

(12:51):
announced in July. State Street, which is one of the
big three asset managers which includes black Rock and Vanguard,
signed on as the first custode and for financial services
company JP Morgan's tokenized debt platform in August. So this
is incredible, folks, and let me give you some more
details here. Stay Street completed the platform's first transaction by

(13:11):
purchasing one hundred million dollars in tokenized commercial debt from
the Oversea Chinese Banking Corporation, one of Southeast Asia's oldest
banking institutions, oracle provider chain Link again chain Link right
ubs and asset manager with five point nine trillion dollars
in assets under management and RWA exchange Digft launched a

(13:35):
pilot program to test tokenize fund settlement in Hong Kong
and September, Blackrock, the world's largest asset manager with over
twelve point five trillion dollars of assets under management, is
reportedly exploring tokenizing exchange traded funds or baskets of equities
that are listed on stock exchanges. Still very early. See

(13:55):
the building that's happening here. Some of these things are
not even live yet, they're still in the developed and phase.
But this is why I've been saying I'm not only
bullish on this bullmarket, but twenty twenty eight to twenty
thirty as well. So I'll be buying the dips in
the bear market and loading up and getting ready for
the next bull market. Obviously, we've got to get through
this bullmarket, right. We're approaching the top. And when I

(14:17):
say that, I don't mean it's a week away or
a month away. Obviously we're talking like a ford A
six month window could be less, of course, but I
don't have a crystal ball, but based on the data,
that's my estimation. So this is where we have to
stay focused. We have to not be emotional. We got
to look at the data and form our thesis and

(14:38):
continue to update that thesis as the facts change, of course,
But things are moving in the right direction, folks. I
hope you see the building that's happening here, and it's
being done by major institutions, which at one point we're
spreading food and talking negatively about this asset class, and
now they're all here building. And you see a lot
of retail folks who are emotionally driven by markets, and

(15:00):
they're not educated about the markets. They are getting caught
in the crosswinds of the markets, right, and the macro
and the news and the politics and so forth. But
you got to leave those things at the door and
just look at the data and that will help you
navigate the markets. Folks, that's the news. Let me know
what you think. Leave your thoughts and comments below hit
the thumbs up button. A great way you can support

(15:21):
me in the podcast is by subscribing to my free
email newsletter. It is one hundred percent free. Link will
be in a description. Check out my book on Amazon
it is available in paperback and digital, and my course
at mycryptocurse dot com. This is a comprehensive course that
teaches you every aspect of crypto, so if you'd like
to expand your crypto knowledge, check out Mycrypto course dot com. Folks,

(15:45):
thank you so much for watching and listening. I appreciate
you all, and I'll talk to you all later.

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