HUGE CRYPTO NEWS! ETHEREUM BULL RUN, CIRCLE USDC NEW BLOCKCHAIN, VIVOPOWER XRP FLARE!

Episode Transcript
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Speaker 1 (00:05):
Hey, everybody, Welcome into the Thinking Crypto podcast. You're home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please hit that subscribe button as
well as the thumbs up button and leave a comment.
Blow If you're listening on a podcast platforms such as
Spotify or Apple, please leave a five star rating and review. Folks,
we got to talk about the market because Bitcoin today

(00:27):
crossed over one hundred and twenty thousand again. It's just
bouncing between one hundred and eighteen thousand and one hundred
and twenty thousand. So we're going to have to be
patient here because what's happening a lot of the liquidity
is actually hitting e theorem. You know, every dog has
its day in this market. I've often told you guys
about the rotational liquidity and eat today pump past forty

(00:47):
six hundred dollars. It is not far from its old
all time high of around four eight hundred and seventy
bucks or so. I'm around that number. So it's very close,
and once it breaks the all time high, it will
enter into price discovery. It looks like there's still some
room for it to do that, and it is approaching
the overbought zone. But in a bullmarket like this, these

(01:09):
coins can stay in the overbod zone for a while
and the bulls are in full control. The mac D
on the daily is in full green, so that's a
very bullish sign. Not to mention, there are huge news
items Aroundtherum, huge narratives as well. For example, eth Zilla's
stock jumped over ninety percent after Peter Teal, billionaire investor

(01:30):
Peter Teal took a stake in the company and discloses
eighty two thousand, one hundred and eighty six eighth holdings.
And you also got Tom Lee his respective Etheroreum treasury
company Bitmine. They are raising twenty billion dollars to buy
etherorem That is crazy, what a number. So they're looking

(01:51):
to be maybe the micro strategy of Etheroreum. But we
know we've been talking about this. These crypto treasury companies
are on the rise. This trend is not ending and
it's going to continue to grow as these companies are
able to breathe new life into their business by holding
crypto assets. So this is pretty incredible. So the narratives

(02:12):
are there, and with the pump, a lot of ether
shorts are getting liquidated, so over one hundred and thirty
five million dollars liquidated today after these bears are trying
to short Eth and it's been on this epic run,
so really great. But like I said, guys, you know
Eth is going to cool off at some point and
then there's going to be rotational liquidity, maybe Solana's turnex

(02:33):
maybe XRP. You know, if you look at the XRP chart,
it is consolidating just like Bitcoin. It's mac D is
about to flip green, so the bulls will take control
on the daily here, but it hasn't done it as yet.
Bitcoins mac D has flipped green, but it's still consolidating
and chopping. So but the big thing that we want

(02:53):
to take away from the Etheroreum pumping is that the
Total three is also on the rise following Etherem's move.
It's what we've seen historically because a lot of coins
are built on the Ethereum blockchain. ETH has been kind
of the benchmark for the overall all coin market. So
if you look at the Total three chart, which excludes
bigcoin Ethereum and stable coins, it's also on the rise.

(03:14):
It's mac D is in the green as well, and
it still has room to run. On the daily it's
RSI that is showing there's still room before it becomes overbot.
So things are setting up beautifully here. Sometimes you have,
you know, these one or two coins that are moving
and the rest of the market is a little bit sluggish.
It's falling, but it's a bit sluggish. But then you

(03:35):
get to this point where there's the parabolic run, right,
And I believe there's a parabolic run coming this month.
I don't know the exact time. I don't have a
crystal ball, but based on the charts, based on the
things we've seen historically, it's looking good. And you know,
confirmation of that is bitcoin dominance continues to break down.
It's currently below sixty percent, So I expect that to

(03:56):
continue to break down, and we'll watch it closely to see,
you know, will keep breaking down all the way up
to Q four or will there be recovery points, you know,
with the market let's say correcting at the end of
August into September, where we have a cool down, then
it picks up late September into October. You know, we'll
have to wait and see how things play out. But
this is confirmation. In addition, USDT the stable coin dominance here,

(04:21):
it is also breaking down. And as I've been telling you, guys,
we go below four and you know, we head down
to even below three point seven percent, and it's gonna
be parabolic moves, gonna be euphoria. I've seen this time
and time again. I've been here since twenty sixteen. So
the setup is there. The game is patience, and if

(04:42):
you are planning to take profits in this bull market cycle,
make sure you have a profit taking plan, because I
do believe we're going to hit new highs this month.
I don't think every coin will, but I think we're
going to start seeing a lot of coins rallying, touching
their old all time highs, some breaking to new highs. Right, So,
like I mentioned earlier, if you're very close to breaking

(05:03):
it's all time high, and then you got like XRP,
which has already broke its all time high and it's
obviously going to hit new all time highs. Same thing
with Bitcoin. So things are lining up beautifully here, guys,
and we are in the midst of the bullmarket. All
of this is following global liquidity. You know, we've often
talked about. This is a major pillar in the thesis

(05:25):
for why we are in a bullmarket and why asset
prices are increasing. This is one of the items. And
as I've said many times, we are in a macro
bull market for all assets, real estate, precious metals, the
stock market, crypto. Of course, that's why you're seeing all
of them are hitting new all time highs. If you
want to know why, it's because global liquidity is going up.

(05:45):
And if you're wondering why we're focusing specifically on crypto,
and don't get me wrong, I do have some stocks
in my portfolio. I'm primarily in crypto is because it's
the fastest horse in the race. It has outperformed all
these other assets, real estate, precious metals, the stock market.
So I hope you understand what's happening here and you
have a full lay of the land. And of course

(06:06):
we're going to ride this up until the top guys,
and take our profits. Of course, if you are playing
today profits. And one of the things I've been calling
out is that global liquidity is showing a top in
late September into early October, so we're gonna have to
see if it does continue to rise maybe finds a
bottom and moves up or that's it, and you know,
we'll watch it closely. Now, some CPI data came in

(06:27):
today and the September rate cut odds surged to ninety percent.
So you know, the futures, the Fed fund rate future
is showing that the market and people are thinking that
definitely a cut is coming in September. We'll have to
wait and see. I don't know, it does seem like
the odds are increasing, but political talking points aside, the
bond market is really going to tell the story of

(06:51):
what may happen because the Fed isn't a tough spot
and a lot of people follow political narratives. They don't
actually understand how all this works. They don't look at
the bond market understand the things that Federer is doing,
and they get caught up in political narrative. And maybe
that's the reason, right, Maybe Trump and jo and Powell
they do this charade and this show, and it distracts

(07:12):
people from what's actually happening and the potential risks and
so forth. So it is what it is. But let's see,
maybe we get that raycut. Maybe you know, all of
these things happening at the same time lead to the
blow off top the Raycut Congress passing crypto legislation, the
market structure bill in the Senate, Global M two topping,
global equity topping. At that same time, the tariff, the

(07:35):
US China tariff stuff got the push back ninety days
that puts us in October. So a lot of things
are aligning here for like narratives and specific milestones for
the top. So let's see what happens, folks. Now, bitcoin whales,
according to data from Saniment wallets of ten or more
bigcoe continue to accumulate. There's no massive downtrender or anything

(07:58):
like that. They're anticipating higher prices, so this is a
very good sign. In addition, the bitcoin pie cycle top
indicator still showing we are not close to the all
time high. Now that doesn't mean over the next few
months these moving averages can get closer and touch and say, hey,
that's it. Party is over right. So we're going to

(08:19):
be watching all these various metrics and data points, not
our emotions, not our feelings, but what the data is
telling us and try to make inform educated decisions based
on this data. So, folks, everything on track. The fact
that eth is ripping, even if you don't hold eth
is very good for the entire all coin market. I
love what I'm seeing here. I do whole ETH, so

(08:40):
my portfolio looks great as a result, but I think
this is very beneficial for the all coin market. Now, folks,
speaking of all coins, check out Proppy. Propy is leading
the charge with putting real estate on chain. Folks, we
know the future of the markets is tokenized assets, right.
They're going to put stocks, real estate, and everything on
the blockchain. Well. Propertly allows you to buy and sell

(09:01):
real estate using cryptos. If you want to sell your
house for bitcoin or XRP or whatever, you can do
that and vice versa. They have tokenized and done some
very cool things like putting deeds on chain. They've created
NFTs for properties, and they use coinbase to do the
crypto escrow for the purchasing and selling of course, and
they've been around since twenty seventeen. They've facilitated over four

(09:25):
billion dollars in transactions. And I'm a property tokenholder. I
started investing in them in twenty eighteen because I saw
they were the first movers in trying to disrupt the
real estate industry with this technology, and I still remain bullish.
Even billionaire Tim Draper is an investor in his company. So, folks,
real estate is the world's largest asset class and blockchain

(09:47):
will disrupt complete and properly has a lot of the
respective technology and solutions to do. So. There was actually
some very big news around propty today. They've announced a
collaboration with Morpho Labs, the most trusted lending network. So
coinbase uses Morpho Labs and they're doing a lot of
DeFi financing and much more. Morpho actually powers coinbases bitcoin

(10:09):
lending programs, so this is a legit platform. On chain
financing and on chain real estate are two ecosystems that
have always been destined to meet, and we are excited
to embark on this journey with Morpho. Our starting point
is Morpho's lending vaults. Imagine your idle USDC, the stable
coin in escro, now earning you yield next up a

(10:31):
crypto loan product directly tied to your homes closing. Do
you see what's coming right? This is why I'm bullish
on PROPY. I hold a token and some cool things
are being built here. So folks, if you want to
learn about Propy. Go to propy dot com. The link
will be in the description. Now look at this news, folks,
Vivo Power many you know Viva Power. They have an

(10:52):
XRP treasury strategy and most recently they announced they will
also be investing in Ripple's equity being shareholders right, well,
they have partnered with Crypto dot Com. Here's the announcement.
We are excited to announce our strategic partnership with vivopower
to provide custodial support for the expansion of its digital
acid treasury holding strategy and more. This is a very

(11:13):
big partnership and here's also some interesting news from that release.
Through Crypto dot COM's platform, shareholders will also benefit from
the superior liquidity for XRP and other digital assets, as
well as the access to the upcoming XRP resetaking via
Flare Network, which vivopower has already partnered with. Now, I'll

(11:34):
be interviewing the folks at Flair very soon. Actually I
shouldn't say very soon. It's going to be in September,
but that the interview is booked. But this is pretty great.
I love what vivopower is doing here because they're not
only holding the Acid. They're looking to expand the XRP
ecosystem and including Flare and enabling DeFi much more. So

(11:56):
very big news if you are an XRP and Flair
token holder and also of Vivo Power stockholder if you
have that in your portfolio. Now, folks, we have some
huge news around Circle. So Circle is going to launch
a layer one blockchain ARC, using usd C stable coin
as the native gas token. This is interesting. I did
not see this coming. So the news comes as a

(12:18):
stable cooin issue reported its Q two results with total
revenue of fifty three percent to six hundred and fifty
eight million dollars. So let me give you the details here.
Fresh off the back of its blockbuster one point two
billion IPO in June, Circle unveil plans for its own
stable coin focused layer one blockchain called ARC on Tuesday,

(12:40):
expected to launch on public test net this fall. The
EVM compatible chain is designed to provide an enterprise grade
foundation for stable coin payments, FX and capital markets applications.
According to the press release, ARC will use USDC as
a native gas token in include a stable coin FX engine,

(13:03):
sub second settlement, and opt in privacy, while fully integrating
with Circles platform and maintaining interoperability with other partner blockchains.
The firm said, So this is huge, folks, very fascinating,
and I think Circle they've seen the benefits of coinbases.
Layer two on etherorem called base and how you know,

(13:25):
different stable coins and different things have been built there.
Not to mention their competitor, Ripple with r l USD
has its own blockchain, the XRP Ledger. So I think
this is a very smart move by Circle. They are
the second largest stable coin issue obviously and building their
own blockchain, creating more of an ecosystem kind of what
Ripple has with payment providers and the XRP ledger and

(13:50):
much more smart. So things are heating up from a
competition standpoint, and you know this could generate Circle more
revenue of course, So bullish new for a stable coin
market and just the overall growth of the crypto industry.
Now moving ahead, Grayscale launches Deep Book and Walrus Trust
for exposure to Deep and Wall tokens to Sweet protocols.

(14:14):
So I do hold Suee my portfolio. I don't hold
these respective protocols which are layer twos on Suite, But
interesting that gray scale is expanding here and they are
you know, adding new tokens. So Deep and Wall are
ranked two hundred and twenty six and one hundred and
sixty eight by market capitalization at three hundred and seventy

(14:35):
two million dollars and five hundred and fifty nine million
dollars respectively. So some details on these chains. So deep
book is a central limit order book on the Sweet blockchain,
serving as a liquidity layer for decentralized finance applications in
the network. Walrus is a data layer that lets developer
store and share information directly on chain, with a focus

(14:58):
on scalability and privacy for use cases such as gaming
and social platforms. While native to swee Walrisk is chain
agnostic and can store data for any blockchain. So very
very interesting, and once again both are built on Sweeze
layer one. So this is going to bring more liquidity
into these tokens and as well as the Sweet ecosystem.

(15:20):
So very bullish if you're a sweeholder. Now. Final news item,
Pantera Capital reveals it has invested over three hundred million
dollars in crypto treasury companies. That's huge amount because you
know this trend pretty much just started, but it shows
these hedge ones. And this is by the way, this
is Dan Moorehead. I've had him on the podcast years

(15:40):
ago and he was a very early investor in bitcoin.
I believe he was the first hedge one to invest
in bitcoin and crypto and build a portfolio around these assets.
So Pantera has deployed over three hundred million dollars into
digital asset treasury companies which hold large crypto reserves and
aim to grow token holdings per share. Bitmind Immersion, one

(16:03):
of Pantera's top positions, has grown eth per share by
three hundred and thirty percent in its first months. Are
passing strategies early bitcoin pace Pantera set. So that's Tom
Lee's firm of course, bitmin, which we mentioned earlier. They're
looking to raise twenty billion dollars to buy more eth,
which is pretty insane. But guys, this is the bull market.

(16:25):
But remember bull markets don't last forever. So if you
are planning to take profits, make sure you got that
plan written down. And I'll be sharing what I'm taking profits.
I'll be letting you guys know, and I'll be sharing
the data points and the signals and the metrics to
highlight Hey, the top is we're in the top zone.
I can't call the exact top. I don't have a
crystal ball, but I can say, here are the data

(16:47):
points that are showing we are in that zone, and
you need to look at start executing your plan and
things along those lines. So strap in, guys, things are
gonna get very exciting. I'm really excited for this month September, October,
going into November, it's going to be very interesting. We'll
see maybe if this bull market spills into twenty twenty six,

(17:09):
I don't know. Well, this is where we're going to
keep following things like global liquidity. You know, are certain
price points hit on the Fibonacci models from an Elliott
wave standpoint, are the respective waves being hit? You know,
as far as the price is, we'll have to wait
and see. So this is where we got to pay attention.
Now is the time to really lock in, don't get distracted,

(17:30):
don't walk away. Obviously, when the price is consolidating and
you know, let's say you don't hold a coin, you
know it's okay, but you want to keep a close
eye on things overall because things can move really quick
and you don't want to have the bull market pass
you by and you're not paying attention. You want to
execute on your profits, of course, So folks, let me
know what you think about these news items. Leave your

(17:53):
thoughts and comments below hit the thumbs up button. Also,
a great way you can support me in the podcast
is why subscribing to my free email newsletter. It's one
hundred percent free. Link will be in a description. Check
out my book on Amazon. It's available in paperback in digital.
Also check out my course at Mycrypto course dot com.
This is a comprehensive course that teaches you every aspect

(18:14):
of crypto. So if you'd like to learn more about
all these things, check out all the links in the description. Folks,
thank you so much for watching and listening. I appreciate
you all, and I'll talk to you all later

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