🚨BIG NEWS! $1 BILLION XRP TREASURY COMPANY & UK CRYPTO ETFS!

Episode Transcript
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Speaker 1 (00:04):
Hey, everybody, Welcome into the Thinking Crypto podcast.

Speaker 2 (00:07):
I'm your host, Tony Edward. On your way in.

Speaker 1 (00:10):
Please sit that subscribe button as well as a thumbs
up button and leave a comment below. If you're looking
on a podcast platform such as Spotify or Apple, please
leave a five star rating and review.

Speaker 2 (00:20):
Folks.

Speaker 1 (00:20):
I am recording this out of my hotel room in Prague,
the Czech Republic. I'm currently in the Czech Republic for
the Treasure Crypto Conference which is happening tomorrow, and they're
going to have some huge announcements. So I will bring
you guys all the details there and hopefully, you know,
I'll run into some of you who may be attending
or in the Czech Republic. But folks, lots of talk

(00:42):
about huge news. Let's kick it off with bitcoin because
we're seeing a upward movement here for bitcoin. It touched
one hundred and eleven thousand dollars today, it's back over
to two hundred day moving average. The artists I in
the daily chart is moving away from the over soul zone.
And here's I think an important factor. The bear are
losing momentum on the daily chart perty mac D. So

(01:03):
the solid red lines which showed they had a lot
of strength and momentum are starting to fade to light
red and the bars are getting smaller. So we've seen
this with bulls and with bears. Right, this is just
the metric. So this is a very good sign. Let's see,
though we need more confirmation. Again, we need more confirmation here.
I'm not saying the bottoms in. I'm not saying this

(01:24):
is the recovery pump to new highs. I think this
is going to be a slow, steady grind and we've
got to let the market do its things. So patience
is really really important here. From the higher timeframe of
the chart, the bulls are still in control, per to
mac D. So I put out a newsletter today. Guys,
be sure you check it out. My newsletter is one
hundred percent free. It's on substack link of being the

(01:45):
description where I gave more details, more statistics and metrics
as to why I believe we are still in a
bull market.

Speaker 2 (01:53):
Now. There is a bear market scenario out there. I'm
not ignoring it.

Speaker 1 (01:56):
But as I've been saying, the combination of charts, on
chain data and macro is pointing me to the bull market.
Essentially that there's a higher probability of that scenario playing out.
So I hope you understand what I'm saying. So again,
we got to be patient and we need more confirmation here.
Now we have some huge news around Ripple. Last week
I reported about the potential treasury company that would buy

(02:17):
a billion dollars in XRP, and we got confirmation of
that from the folks at Ripple. So Ripple veterans and
crypto heavyweights back one billion dollar ever north Spac to
build the largest public XRP treasury. Now, when I published
the news last week, a lot of people were skeptical.
I could see the market is taking its toll. People

(02:38):
are getting angry, frustrated, ress right, you see it in
the comments. I've been here from multiple cycles, so I
recognize it right away. You just see that anger. I
don't believe this. This sounds like BS right. I can
go pull it up and show the comments, but that's
a waste of time, of course. But the point here
is that check your emotions at the door and look
at the data, and that's be logical and reasonable about

(03:00):
the markets here. We don't want to be emotional, because
that's how the whales and the market makers will destroy
you and wreck you. So newly formed ever Worthholdings Incorporated
will merge with a special purpose acquisition company called Armada
Acquisition Corp.

Speaker 2 (03:14):
II.

Speaker 1 (03:15):
Upon closing of the transaction expected next quarter, the combined
company will operate under the ever North name and is
expected to trade on the Nasdaq under the ticker symbol XRPN.
The firm seeks to grow XRP per share over time
by participating in institutional lending, liquidity provisioning EFI YELD opportunities.

(03:37):
Here's a quote from Ashish Burlup, who was a former
Ripple employee. He said, ever North is built to provide
investors more than.

Speaker 2 (03:45):
Just exposure to xrpiece price.

Speaker 1 (03:47):
As we capitalize on existing trad FI yield generation strategies
and deploy into DeFi yield opportunities, we also contribute.

Speaker 2 (03:55):
To the growth and maturity of that ecosystem.

Speaker 1 (03:58):
The approach is designed to generate return for shoulders while
supporting XRPS utility and adoption. So, folks, we've talked a
lot about digital asset treasury companies. Right it all started
with Michael Sailor and strategy buying bitcoin. We see a
lot of folks are doing that with etherorem now especially
Tom Lee and Bitmind, and we've seen others as well, BnB.

Speaker 2 (04:18):
Avax and XRP.

Speaker 1 (04:20):
There was one company that we knew of which was
Vo Power, and they were buying like two and two
hundred and fifty million dollars of XRP, but the biggest
one right here.

Speaker 2 (04:30):
So, as I've.

Speaker 1 (04:31):
Stated many times, this is very good for our bags.
If they are buying right, they're buying a lot of
the supply, and they're holding on their balance sheet and
they're putting it to work. Plus they're doing the pr
push right that's going to drive more people to buy
the assets. So all of this is very good for
our portfolio. So these folks want to continue to buy SARP, theorem, bitcoinsalana,
whatever it is. And I'm happy about that because I

(04:53):
hold those tokens. So this is very bullish, and I
think once again these are signs that the bull market
is not O. You're just seeing these massive moves. Liquidity
is still there. This is not the bear market where
liquidity is dried up and much more so, very bullish.
And here's what Ripple CEO Brad Garlinghouse had to say.
He says, as Sheesh and the team are building something

(05:14):
special withever North XRP. We are proud to partner with
him and proud to join an incredible set of investors
including SBI Holdings, Pantera Capital, that's Dan Morehead, Cracking GSR,
and Ripple Works to support ever North as it participates
in institutional lending, liquidity provisioning, and defied yeal opportunities for XRP.

(05:36):
Some big names making this folks. Pantera Capital is dan Morehead,
that's like the oldest hedge fund in the crypto industry,
Crack in Exchange GSR as well. So very bullish if
you're an XRP holder, and you know a lot of
people once again last week were saying, oh this is
this is fake, blah blah blah, and well, here's here's
the facts, Jack right, here's the proof. And again I

(05:58):
think just a macro signal that this bull market's not over.
And look at this news around chain Link. This is
very big. I'm a holder of the chain Link token.
Polymarket launched a crypto prediction markets powered by chain Link
Oracles data streams. Sub second latency market data enables rapid
fifteen minute markets with near instant settlement.

Speaker 2 (06:19):
This is awesome.

Speaker 1 (06:21):
So polymarket continues to do all kinds of innovative things
with the prediction markets. Obviously, Calshi is their biggest competitor
and the race is on here and chain Link being leveraged,
so very bullish now, folks, a great place where you
can buy, sell, trade, chain Link and XRP is on Uphold.
Uphold is a platform I've been using since twenty eighteen.

(06:42):
They're one of my go to exchanges. They have over
three hundred cryptocurrencies on their platform and they offer staking
on twenty plus crypto assets. Been using them for a
long time, never had any issues, and best of all,
they are fully reserved. They don't commingle or lend out
your crypto assets. You can review their transparency report on
their website and they have a great rewards program where

(07:04):
you can earn up to five point two five percent
on stable coins and the this part part of this
rewards program is you can get early access to new
tokens they list so these stable coins they support our
ripples r L USD where you can earn up to
five percent there and USBC where you can earn up
to five point two five percent In order to participate,
you simply have to open the app once per month,

(07:24):
the positive fifty dollars once a month, and trade fifty
dollars once per month.

Speaker 2 (07:28):
Very simple.

Speaker 1 (07:29):
I've interviewed as CEO and AUTO representatives talking about this
program to make sure it was done the right way.
So indeed it is done the right way guys. So
this is a really great platform, lots of cool features
and program. So if you'd like to learn more, check
out the link in the description. Now, this is some
big news. Twenty one shares, bit Wise and wisdom Tree
open UK retail access to bitcoin and eat your ETPs

(07:53):
following the FCA approval. So the UK has been giving
a lot of problems with crypto lately, but now they're
starting to capitulate bend to knee, and we've often talked
about it over the years. Any country that bans cryptos
writing their economic sentence. So this comes as no surprise,
right these some of these guys try to play tough
and now, oh yeah, come list your crypto ETPs right

(08:16):
because this is a global movement. I mean Hong Kong, Canada,
everywhere you can get access to these products now, so
this is huge. So let me give you some more
details here. Crypto asset managers bit Wise and twenty one
Shares and Wisdom Tree are opening up access to their
Bitcoin and etheroreum exchange products to the UK retail investors

(08:36):
for the first time. The move comes twelve days after
the FCA, the UK's financial regulator, officially lifted its four
year retail ban on crypto exchange traded notes, expanding availability
beyond professional investors. Twenty one Shares listed two physically backed
products on the London Stock Exchange for each of the

(08:56):
cryptocurrencies on Monday, including a staking component for its etherorem
ETPs and to reduce zero point one percent fee for
some products. Guys, you see what's happening. You see what's
happening here right, The on rams being set up globally,
whether it's through an ETF or an exchange or whatever,
it's all being opened up for institutions in retail to invest.

(09:18):
This is why I'm so bullish. I'm bullish on this cycle,
which I don't believe has completed yet, and the future
cycles as well, and we're still in the early innings
here relative other asset classes, right, if you compare crypto
to stocks and gold, and much more. I mean, we
are ringing pretty much in our infancy here right. We're
still waiting for crypto legislation here in the United States,

(09:39):
which I believe is a macro narrative factor which could
you know, beat a ble off top catalyst.

Speaker 2 (09:44):
Right, the US just passed crypto legislation.

Speaker 1 (09:48):
This everybody's going to invest, you know, that's going to
open the floodgates and more capital is going to come in.
So I hope you see what I'm talking about here,
And if you look at this realistically and logically, you
can see it. Right And on the ETF node, Van
k has filed for the Van Klaido staked ETF. So
staking is available now in Etherum and Solana ETFs in

(10:10):
the United States. I recently interviewed the folks at Grayscale.
They were the first to launch taking in the etherorem
ETFs in the United States. So staking is coming to
yield is there? So I expect inflows to surge into
like Etheroreum and Solana as well. So this is really big.
And guys, we are seeing some activity here in Washington,

(10:32):
DC around the market structure. Bill so Eleanor Tarrett reported
that crypto c suites were expected to attend a roundtable
with pro crypto Senate Democrats on Wednesday. So this coming
Wednesday to this market structure legislation and the path forward.
It includes coin Based CEO Brian Armstrong, Chainling CEO Sergey Nazarov,

(10:53):
Mike Novogratz of Galaxy, Krack and COO Uniswap, CEO, Ripple's
chief legal officer, a sixteen Z crypto general counsel, and
much more. And this is being led by Democrats Senator Jillibrand.
We know she's been very pro crypto over the years.
So guys, we need the Democrats right to pass this.
We know the Democrats had introduced their own version of bill,

(11:15):
and that's good.

Speaker 2 (11:15):
You know, even if everything in there is not to.

Speaker 1 (11:17):
Our liking, it's good that they're active. We want activity,
we want dialogue, we want back and forth. We want
them to come to the negotiation table and we make
sure things are right. But this is how the industry
has to go about it. They have to go meet
with these Democrats, especially the pro crypto ones, back them
where they need, try to win more Democrats over and

(11:38):
much more. And there are a lot of pro crypto
Democrats right, It's just that Elizabeth Warren had muddied the
warders over the past four years with gainst her. But
there are a lot of pro crypto Democrats and like
I said, we need the Democrats to pass this. So
this is very very good, very bullish in my opinion. Now,
final news item, and it is along the lines of politics,

(11:59):
you know, because we're talking about DC, but New York
mirror candidate Cuomo Andrew Como here pledges crypto innovation with
new role. So obviously, guys, you know this is a
politician doing political things here, right, But my takeaway here
is that crypto can't be ignored and crypto is becoming

(12:20):
so big as an asset class in industry that politicians
have to recognize and be like, yeah, I need to
have a stance on crypto. That's the takeaway. You know,
I'm not here to say vote for Andrew Cuomo. I
don't live in New York or whatever, right, But the
point is, regardless of who the candidate is, Democrat, Republican,
in depends whether you like them or not, they all

(12:41):
have to acknowledge crypto and they have to essentially try
to win the votes.

Speaker 2 (12:46):
And crypto is a big one. Right.

Speaker 1 (12:48):
We saw what happened man in the twenty twenty four elections, right,
those people who are anti crypto got their assets handed
to them. And I don't think anybody would be stupid
to go try to be anti crypto moving forward because
the industry. This is not what the industry to do
for years. I mean, crypto grew under Obama and then Trump, right,

(13:11):
and both Obama and Trump were like anti crypto at
one point, but eventually, you know, Trump got educated about it,
and then under Biden obviously it was rough, but it
still kept growing, right, because you can't stop it now?

Speaker 2 (13:25):
Can you slow it down? Sure?

Speaker 1 (13:26):
And that's what gains Her and Elizabeth Warren were trying
to do. But we've crossed the chasm.

Speaker 2 (13:33):
Man.

Speaker 1 (13:34):
You try to go against crypto, you're done the money.
You know a lot of people hold crypto now, Democrats, Republicans, independance.
I can speak anecdotally knowing family members, some Republicans, some Democrat,
and even friends who hold crypto. They don't think of
it as a political thing. It's just that Elizabeth Warren,
you know, totally screwed it up her party. And that's

(13:58):
not a political statements, just an Obboser of like, how
dumb that was?

Speaker 2 (14:02):
Right? So, folks, very interesting.

Speaker 1 (14:05):
Crypto is winning all the naysayers and capitulating.

Speaker 2 (14:10):
Bending the knee.

Speaker 1 (14:11):
You know, just the other day I told you guys
about the IMF director and it's just amazing. What's happening anyway, Guys,
let me know what you think. Leave your thoughts in
comments below, hit the thumbs up button. If you appreciate
this content, please subscrict My free email newsletter link would
be in the description. Check out my book on Amazon,
it's available in paperback in digital, and my course at
Mycrypto course dot com. Folks, I appreciate you all, Thank

(14:35):
you so much for tuning in, and I'll talk to
you all later

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