HUGE CRYPTO NEWS! SEC CRYPTO ETPS, ETORO TOKENIZED STOCKS, & WALL STREET STABLECOINS!

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
I've got huge news for you. The SEC has approved
in kind creation and redemptions for crypto ETPs, and Senator
Lumis introduces a massive bill that will impact crypto's place
in getting mortgages and e Toro has launched tokenized stocks,
and a massive Wall Street player is looking to launch
a stable coin. I'll give you all the details. Let's

(00:22):
get into it. Hey, folks, welcome into the Thinking Crypto podcast,
your 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

(00:43):
rating and review, folks. Is nothing new to report on
the price, as we've been discussing and as we covered
it in this morning's live stream. We're waiting for Bitcoin
to finish the consolidation, for all coins to finish the consolidation,
and then I believe we're going to go higher. Now,
we could dip a bit lower, so just make sure
you are prepare for that, especially as we have the
FOMC meeting tomorrow and the market could get very volatile,

(01:06):
so be prepared for short term downward price movement, but
we are ultimately going to hire highs. We're still in
a macro bull market, and I do anticipate that the
FED will not cut rates tomorrow, but we could get
some duvish signals, some Jerome Powell that they may cut
in September, and that may be the fuel the market's need.
I don't know what's going to happen, but let's see.

(01:27):
That's what I'm personally thinking, and I want to share
that with you guys. So as far as price, nothing major,
But folks, we got some bullish news I want to
share with you. First up, SEC chairman Paul Atkins tweeted out,
I'm pleased to share the SEC has approved in kind
creations and redemptions for crypto ETFs. The approvals continue to

(01:48):
build a rational regulatory framework for crypto, leading to a
deeper and more dynamic market, which will benefit all investors.
This is huge. If you had caught my interviews with
a lot of the ETF experts, one of the things
we were talking about is in kind creations and redemptions,
where you can redeem your assets in kind, meaning not cash,

(02:09):
but if you for example, had a bitcoin ETF, you
could get bitcoin if you did that redemption. So this
is very bullish, especially for this spot ETFs, and it
could be why we were seeing the SEC not approve
the rest of the ETFs, the index ETFs and even
XRP and Solana and much more. Those bodytfs are still
in play and the deadline is October, so this could

(02:30):
be one of the factors that we're holding things back.
The other could be they're waiting for Congress to pass
the Clarity Act, the Market Structure Bill before approving, So
we'll see. But this is very bullish and a big
signal from the SEC that they are working and that
they're not dragging their feed here. So I like what
I'm seeing here, very bullish for the market. Now. Senator
Cynthia Lummis who's very bullish on crypto, she introduced a

(02:54):
bill today and she said, I'm proud to introduce the
twenty first Century Mortgage Act to make home ownershi more
accessible for young Americans who are embracing the digital age.
The TLDR here for this bill is to allow many
of the younger investors who hold crypto assets to have
those assets be reviewed if they're applying for a mortgage

(03:14):
to make home affordability more accessible. Obviously, this is not
the only thing to make a home affordability accessible. But
if this asset class is growing, it's getting legalized in
a sense of legislation, and it has regulation. It should
be reviewed as an asset when you're looking to borrow money,
whether it's for mortgage for a house or a car loan,

(03:36):
and much more so. Let me read a bit of
the excerpt here on her website. It says the legislation
would direct the Federal National Mortgage Association FANI MAY and
Federal Home Loan Mortgage Corporation FREDDIMAC to include digital assets
recorded on a cryptographically secure distributed ledger as part of
their mortgage risk assessments for single family home loans. This

(04:00):
bill would prohibit forcing the conversion of these assets into dollars,
respecting the nature of digital wealth. That is huge. So
one of the things we talked about is if you're
holding some crypto long term and you're looking to once
again get a loan or whatever it may be, you
can use your crypto and you know if the government
is doing on the Fannie Mae Freddie backfront the banks

(04:20):
are going to follow your JP Morgan's, your Wells Fargo,
these companies that issue loans for buying a car or
a house and things like that. So, folks, this is
huge because it will allow more people to come into
the market, hold the asset, and be able to use
that asset like they do other assets out there, right,
because when you go apply for a loan, you show
all the assets you have, whether that be real estate, stocks,

(04:42):
what's in your bank account, YadA YadA. Right, So this
is really great and very bullish for the market. Now,
speaking of banks, this is huge news. Rac Bank becomes
the first UAE bank to offer crypto. Retail users can
now trade bitcoin, Etheroereum, Salona, and XRP directly in the
AED banks stock exchanges. Financial institutions around the globe are

(05:06):
adopting crypto at a rapid pace, and as I just mentioned,
legislation being put into place is going to allow them
to go all in. They've been waiting on the sidelines.
They've been fighting the crypto startups for years with Gary
Ginster and Elizabeth Warren, and now legislation's finally here and
they're going to launch their own stable coins. They're gonna
launch crypto custody crypto trading. So don't be surprised if

(05:28):
your bank calls you up and says, hey, we're offering
crypto trading, and we'll provide the statements. You know, the
white Glove service will custody for you. You don't have
to worry, just like you do in your checking and
savings account and so on and so forth. Folks, get ready,
that's coming. We are seeing banks and massive financial institutions
globally adopting crypto. Incredible stuff, folks. Quicker from our sponsor,

(05:52):
and that is Proppy. Propy is leading the charge with
putting real estate on chain. I just shared the news
with Senator Lummus and the mortgage back by crypto and
all these things to be reviewed if you want to
get a loan. And Propy is looking to disrupt the
largest asset class out there, which is real estate. We
know all assets will be tokenized. It's as black Rocks
Larry Fink said, tokenization is the future of finance. Well,

(06:15):
Propy allows you to buy and sell homes on the blockchain,
and you can sell it for crypto assets. If you
want to sell your house for bitcoin or xrpi, ee theorem.
You can do that through Proppy, and they've been around
since twenty seventeen their license, they've facilitated over four billion
dollars in transactions. They put deeds on chain, they've put
or created NFTs for properties, and they use coinbase for

(06:38):
the crypto escro service. One of their big investors is
Tim Draper, who's of course a billionaire investor, and I've
had him on the podcast, and you know, he's a
big believer in bitcoin and he's invested in property for
a long time. And I'm a Propy token holder. I
have been since twenty eighteen because when I discovered this project,
I realized, wait a minute, if all these assets are
going on chain, what about real estate? No one else

(07:00):
is doing this, And I found Propy was doing it,
and I took a bet and bought the token, and
I still hold it to this day. I believe it's
going to do well. It's already been doing well in
this bull market. So, folks, if you'd like to learn more,
go to propy dot com. Link will be in the description. Now, folks,
look at this e toro to tokenize one hundred of
the most popular US stocks on ethereum. E Toro. I've

(07:21):
had the CEO Yoniesia on the podcast many times over
the years. I plan to interview and very soon because
e Toro did do a public listing in the United
States recently, I believe it was on the NASDAC. And
look at the direction the puck is heading in. They're
going to bring stocks on chain, like I've been saying, right,
we've been talking about it. All of it will run
on chain. The token economy twenty four to seven trading,

(07:44):
truly global markets, more liquidity coming in and opening up
DeFi opportunities with these tokenized stocks and other assets. So
the company plans to offer the most popular US stocks
as ERC twenty tokens on the Ethereum network, enabling twenty
four slash five trading and DeFi integration. It is amazing
what is taking place in this market and the infrastructure

(08:06):
that's being built. So according to e Toro, users will
eventually be able to transfer tokenized stocks off the platform
into self custody or DeFi protocols. Yes, that is one
hundred percent the objective here. A spokesperson toll Coin Telegraph.
Users can buy a token iszed stock on e toro,
redeem it to the e Toro wallet and from there

(08:28):
to their own wallet, et cetera, and then bring it
back to e Toro if they wish this right, here
is the model, this is the future. It's exciting and
it's going to open up a lot of investment opportunities
for people around the globe who have not been able
to get access to the New York Stock Exchange and
some of these stocks. Right, if you're in some country
in Africa, if you're in India or wherever else, you're

(08:51):
not able to access some of these things. But in
a tokenized format, it's very easy for me to bring
that to you and you can do a lot more
with it. You can put these to work via DeFi
and earn yield and much more. So. That's the direction, folks.
This is a big power play here by e Toro.
We know Robinhood is looking to do the same thing, right,

(09:11):
They just have their big presentation about it, and I'll
be interviewing actually Robinhood CEO vlat Tentev on Thursday in person.
So folks, make sure you're subscribe. I'm going to bring
you all the details about what's happening, who's building, who's
investing in much more so, huge huge news here for
e Toro. Now look at this, Peter Teal's founder's fund

(09:32):
backed Plasma has raised three hundred and seventy three million
dollars in an oversubscribed token sales, shattering its original fifty
million dollars target. The stable coin focus bitcoin side chain.
We'll launch with one billion dollars in stable coins and
offer fee free transfers. So there's multiple takeaways here. One,

(09:53):
look at the amount of capital they're raising. We are
in a bull market. There are people very bullish, and
Peter Teal doesn't back just anything. You know, he does
his research. You know, he does his homework. He's always
be part of the PayPal mafia. He was an early
investor in Facebook, in bitcoin, and much more so. This
is a project to watch. I may look to add

(10:13):
this in my portfolio in the bear market. Once again,
do your own research now, financial advice. I have to
do my research here, So I'm not saying just blindly
go invest, but this may be one I'm looking at.
Look at the amount of money they raise. Second, they're
building a bitcoin side chain, showing that the Lightning network
is not really working out here because no one wants
to spend their bitcoin, but if you attach some sort

(10:34):
of stable coin to the network, people will use stable coins. Third,
stable coin race is heating up right, big big players
are getting involved, and once again, look at the capital
they're raising. So let me give you some details. So
the Plasma network will hold one billion dollars in stable
coins at launch, which would make it the fastest blockchain
to reach that figure and offer fee free stable coin transfers.

(10:58):
The project has secured front from prominent backers, including Peter
Teele's founder's funds, and set to launch within forty days,
with token refunds for over committed funds to be processed soon.
So I'll try to get an interview with the founders
and to talk a bit about it. But it looks
like the token is XPL, so that's the token ticker XPL.

(11:21):
So the token launch is expected within forty days. So
I'm not going to be buying into any pump. I'm
sure it's going to do really well, you know, at launch,
but I'm gonna wait for the correction, right folks, by
I don't buy pumps. I buy the blood on the streets.
And I hope this is resonating with you and how
you make money in markets. So Plasma and etherorem virtual

(11:42):
machine compatible Bitcoin side chain aims to provide fee free
stable coin transfers starting with Tether's USDT. So let's see
how this plays out. This may be really big for bitcoin.
And they're using EVM and they're using it looks like
supporting different stable coins starting with tech So I'll try
to get you guys in details in an interview. Now,

(12:03):
speaking of the stable coin competition and race, look at this.
Interactive Brokers reportedly looking into stable coin issues. My friends,
go research Interactive Brokers and you'll see how big this
is the biggest of the biggest on Wall Street, getting
in in multiple ways, adopting the technology, launching financial products
building with it. This is incredible. So Interactive Brokers Group

(12:26):
is weighing the possibility of issuing a stable coin, joining
a wave of traditional finance firms expanding into digital assets.
So founder and chairman Thomas petterfi from saying that right
confirmed in an interview with Reuters that the company is
exploring the idea but hasn't finalized how such a product
would be rolled out. With a market cap nearing one

(12:47):
hundred and ten billion dollars, Interactive Brokers already facilitates crypto
trading through partnerships with Paxos and zero Hash, and it's
now working on features like round the clock stable coin
funding for brokerage accounts, and crypto asset transfers. My gosh,
if you are bearish, I don't know what you're looking at.

(13:09):
Maybe you're too caught up in the price in the
micro right the hourly to daily. You got to zoom out.
The biggest of the biggest is here, and they're building
massive infrastructure. And we're still in that phase where they're
in their r and D process, their research and development,
trial and error testing, right, and they're going to get there.
They want this, they know this is the future. I've

(13:29):
said it many times. The economies, the markets, and the
governments will all be running on blockchain rails. That is
what we're headed to. So incredibly bullish news here. Final
news item. We have another publicly traded company that is
going to be putting bitcoin on its balance sheet, so
publicly traded Zoos, if I'm saying that right. ZoZ announces

(13:50):
private placement of one hundred and eighty million dollars to
launch a bigcoin treasure apparently Michael Arrington of Arrington Capital
is going to be helped to facilitate this. But folks,
the trend is growing right now. One could argue there's
a bit of a bubble forming here. You know. I've
talked about that at nauseum. But this is where we're

(14:11):
going to exit the market before these things start to collapse.
And I'm not saying all of it will collapse. There
will be winners that will come out of this. Fine,
But when you have everybody rushing in and they're raising
all this capital, they're not just using the cash under
balance sheet. They're raising debt to buy the acid and
hold the act on their balance sheet, and due to
arbitrage with the stock price. When the bear market hits,

(14:35):
we'll see who survives, right. It's as Warren Buffett has said,
when the tide goes out, you see who's swimming naked.
So we shall see what happens. But I will be
exiting the market taking my profits. So if something happens, look,
I'm ready to back the truck up. When it all
crashes down again and there's blood, fear and depression, right,

(14:57):
buy the blood on the streets, as they would say.
So that is my strategy. Folks, let me know what
you think about this news some incredibly bollish news. A
great way you can support me in the podcast is
by subscribing to my free email newsletter. It's one hundred
percent free. I put out a weekly newsletter filled with
a ton of insights. And check out my book on Amazon.
It's available in paperback and digital, and my course at

(15:19):
mycryptocourse dot com. This is a comprehensive course that teaches
you every aspect of crypto. Knowledge is power. Expand your
knowledge about this technology and what the hell is happening here?
And what makes this course unique It features expert commentary.
No other crypto course offers this. You will hear from founders, CEOs,
institutional investors, Wall streeters explaining what they're building. What are

(15:42):
these things? For example, learn about toganization from Carlos Domingo,
the co founder and CEO of Securitize. Securitize are the
ones who help Black Rock launch their tokenized money market fund, right.
So no other course offers this, So check it out, folks.
You pay it one time for you get lifetime access.
You can share to access with your friends and family
if you want. No big deal and I continue to
update it with the latest information and new videos. It's

(16:05):
to packed with tons of value writeups of course, uh
downloadable materials, so check it out. Links to helpful resources
as well, you know, cash out, crypto, cash out templates,
all that stuff is in here, so check it out.
Go to mycrypto course dot com. All the links all
being the description. Folks, thank you so much for watching
and listening. I appreciate you all, and I'll talk to

(16:26):
you all later. H

All Episodes

Episode Transcript

Popular Podcasts

Stuff You Should Know

Dateline NBC

On Purpose with Jay Shetty

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}HUGE CRYPTO NEWS! SEC CRYPTO ETPS, ETORO TOKENIZED STOCKS, & WALL STREET STABLECOINS!

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Stuff You Should Know

Dateline NBC

On Purpose with Jay Shetty

All Episodes

HUGE CRYPTO NEWS! SEC CRYPTO ETPS, ETORO TOKENIZED STOCKS, & WALL STREET STABLECOINS!

Stuff You Should Know