HUGE XRP ETF NEWS, ETHEREUM HITS NEW HIGH, & FED PUMPS CRYPTO!

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 hit that subscribe button as
well as a thumbsup button and leave a common below.
If you're listening on a podcast platform such as Spotify
or Apple, please leave a five star rating and review. Folks,
I'm sure many of you heard the news that Jerome

(00:25):
Powell at Jackson Hall, Wyoming came out this morning with
some dubish statements and the markets reacted positively. Everything is up.
I'll share the charts and go over all the details,
but the main takeaways here is that Powell has turned dubbish.
It's what I was anticipating and many other folks were
anticipating in the last FMC hearing where he spoke but

(00:47):
he was hawkish.

Speaker 2 (00:48):
But he's dubbish.

Speaker 1 (00:49):
And the markets don't even need to see the ray
cuts right away. They just need to know it is
on the agenda and that it's coming. Because markets are
forward looking. We've talked a lot about these things over
the years, so the market is anticipating that possible rate
cuts are coming in September with Powell's very doverish statements,
and you know Powell reference that the labor market is

(01:10):
cooling and that they want to shift from looking at
inflation towards the job market. And one of the things
that Powell highlight is that they want to not really
look at that two percent target for inflation anymore. So
they're kind of like, okay, if it's over two, if
it's their three, it's not really a big deal. You
need to make sure the labor market is good. So
this was the signal the market was looking for, very

(01:31):
douvish and Pow saying that the time to cut rates
is near. And again, the market just needs a signal.
And if you look at the bigcoin chart, you got
a big green candle. Bigcoin went to over one hundred
and seventeen thousand dollars today. Et theorem pumped massively, huge
green candle. It even broke its all time high, going
to four thousand, eight hundred and eighty bucks or so,

(01:54):
breaking that all time high. Obviously, though, folks, you know,
I want to remind you all markets don't go up
in a straight line. It doesn't mean that next week
we're gonna pump to the moon, right away. This market
will do its thing moving in stages right, It's gonna
steer step its way, and then we're gonna hit that
parabolic zone and then it's gonna go crazy. But I
want to make sure you know we're setting our expectations correctly,

(02:16):
because you know, this is bullish. The charts were setting
up for some sort of bullish catalyst to move or
to give the spark, but the charts were setting up
in the first place. So the news from the Fed
was that catalyst that drove everything up.

Speaker 2 (02:31):
And it's not just crypto folks.

Speaker 1 (02:33):
If you look at the SMP five hundred, also Green Candle,
the NASDAC, even the Dow Jones. The Dow Jones hit
new all time highs, so that is very bullish. We
are seeing the signals that we've been looking at for
a long time and talking about, and the DXY the
dollar continues to weaken, so all positive science, folks. We

(02:56):
are still in the bull market. As I've been beating
the drum since the tariff crack. Things are going to
go higher and eth is really leading the market right now.
And that's a very good sign because as we've talked about,
all coins have followed eth. I don't make the rules.
This is just how it is. So the more liquidity
going through Eth, the more eth rallies and starts out
performing Bitcoin. That's very good for the all coin market.

(03:19):
And here crypto Wizards shared a great chart saying the
next target or big target for etherreum is sixty five
hundred dollars and if you look at total three, it
also had a big green candle on its chart here,
and that is the all coin market excluding Bitcoin, etherorem
and stable coins. So this is one thing we want
to look at as eth is moving.

Speaker 2 (03:40):
Is this moving with eth?

Speaker 1 (03:42):
And it is so very very good sign even XRP
green candle. So things are looking great. And look at this.
The inverse is happening on the bitcoin dominance chart. Bitcoin
dominance is collapsing. It's what we've been tracking. I've been
putting it in the newsletters, I've been sharing it on
the live stream, I've been sharing it.

Speaker 2 (03:59):
On these episodes. Folks.

Speaker 1 (04:01):
Things are moving in the right direction here. I love
what I'm seeing. We are seeing the setup for the
next major rally. Even USDT dominance is starting to break
down after a mini recovery recently, right doing the inverse of.

Speaker 2 (04:14):
What the assets were doing.

Speaker 1 (04:15):
So we saw tether minted two billion in USDT that
supply it got put in there. And I'm waiting for
this thing to break four percent because I think the
markets are going to go bonkers.

Speaker 2 (04:27):
It's going to be very exciting, folks.

Speaker 1 (04:28):
So things are looking good here. I'm feeling very bullish, guys,
and not because of my emotions, but because of the data.
What the charts are telling me, what the on chain
data is telling me. Right, So this is why my
thesis has been we are in a macro bull market
because the data shows us the charts, not because of

(04:48):
some fairy tale or conspiracy theory or how I feel
this morning or whatever it is.

Speaker 2 (04:53):
But the data.

Speaker 1 (04:54):
Always stick to the data, because if you're operating by emotions,
the market will rip you to shreds. Moving ahead, folks,
we got some huge news around XRP. Stick with me,
lots of big stuff here. So first, the Second Circuit
has approved the joint stipulation of dismissal. So remember both
Ripple and the SEC have dropped their appeals and the
Second Circuit has approved it. So things are moving along.

(05:18):
XRP haters are crying somewhere in the corner punch in
air right now. But we're about the facts, not emotions,
not maximalism and low IQ activity. We want to operate
like smart informed investors and folks. Things are really opening
up here for XRP, and we even got some very
big news with Ripple and SBIs. So Ripple and SBI

(05:39):
plan our LUSD stable coin distribution in Japan by twenty twenty.

Speaker 2 (05:44):
Six, so this is interesting.

Speaker 1 (05:45):
So they plan to do this in Japan to capitalize
on the country's evolving stable coin market. Are LUSD fully
backed by US dollary deposits and other assets. Aims for
a twenty twenty six launch with monthly third party attestation.
The partnership is seen as a significant step in enhancing
Japan's digital finance infrastructure and stable coin reliability. So this

(06:08):
is very big news. And remember our LAUSD is issued
on the XRP ledger in addition to etherorem So the
more activity r LAUSD has, the more benefits it will
bring to the XRP ledger. Because we've often talked about
metcaps law and Read's law and network effects, so this
is the main principle in blockchains. It doesn't just apply

(06:29):
to the XRP ledger. It applies to all blockchains. And
look at this, folks. All of the XRP Spot ETF
filers updated their ETF filings today, and James Seyfer ETF
analyst at Bloomberg said, almost certainly due to feedback from
the SEC good side, but also mostly expected. So the

(06:50):
SEC pushed back the deadline for these ETFs to October.
So I've been saying we could see the blow off
top and Q four because you've got Congress passing legislation
the ETF for approvals. The China terraff situation pushed back
to ninety days, which puts US in October. You got
global liquidity topping out in middle of September. So all

(07:11):
these things aligned with Apple off top right, huge narratives
that mainstream will run in and that will fire up
retail to come in. So the filers are getting ready
for that approval. My friends, this is really great. Nate Juci,
who I've had on the podcast a lot talking about
all coin ETFs, he said, s one amendments rolling in

(07:31):
today on Spot XRP ETFs includes Canary coin shares. Franklin
twenty one years, Wisdom Tree and bit y so far
highly notable. To see them cluster like this a very
good sign in my opinion.

Speaker 2 (07:44):
Folks.

Speaker 1 (07:44):
You saw what the Bitcoin ETF and Etherear metfs did
for those assets, so get ready for what it's going
to do for XRP. And I think Salon is going
to get approved too, so we're going to see a
lot of capital flowing to this market, folks.

Speaker 2 (07:56):
This is exciting.

Speaker 1 (07:58):
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Speaker 1 (08:27):
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Speaker 2 (08:53):
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Speaker 1 (08:54):
So, folks, this is a great program and they have
a ton of other features. So if you'd like to
learn more, go to the link in the description. Now
we got more ETF news. So Van k has filed
for the first one liquid steaking token ETF g to
soul ETP. So this is Salona Steaking base of course.
Uh Nate Jersi says, if new to crypto, don't let

(09:15):
the name fool you. This is simply a spot Salona
ETF with some potential benefits. The SEC clarifying certain liquid
staking tokens are not securities a few weeks ago was
huge in this. So the SEC gave the clarity on
that certain uh liquid staking activities are not securities, and
this bodes well. You're going to see a lot happening

(09:37):
for etherorem steaking as well, because a lot of the
liquid staking is actually built around Etherorem, So guys, hope
you see what's happening here. Things are hitting up nicely.
And in addition, we got the first in kind creation
order for BitB that's one of the bitcoin et apps.

Speaker 2 (09:58):
I believe it is bit y is.

Speaker 1 (10:00):
Yes, that's Bitwise's bitcoin etf And if you recall, the
SEC approved this just a few weeks ago. The ability
to do in kind creations and redemptions. James Seifert says,
the era of in kind creation slash redeem for bitcoin
and crypto ETPs is here. So the tables being set here,
folks for an epic, epic parabolic move. Now, this is

(10:22):
fascinating news. The EU is exploring Etherorem and Solana for
digital euro launch, according to the Financial Times. So just
this week we heard that Japan is launching their Japanese
Yen stable coin on Avalanche right, which its native token
is avax. So we're seeing the news coming out now.
Which blockchains is one of the things I've been talking

(10:44):
about for a long time. If you've been a subscriber,
you notice I've been saying keep an eye on which
blockchains and you want to make sure you're holding the
tokens for those blockchains. So I have Avax, I have
Soloni etheremy portfolio. The European Union is reportedly exploring major
public blockchain networks, including Etherorem and Salona, in connection with
its Digital euro design. The European Central Bank is considering

(11:08):
running a digital Euro on a public blockchain like Etherorem
rather than a private one. They all have to bend
the need to the public blockchains. They tried to create
their permissioned private blockchains. It didn't work because who the
hell would trust a centralized blockchain, right, So this is
incredible and it's being reported by the Financial Times, So

(11:29):
if confirmed, the EU's exploration of public blockchains would represent
a significant milestone in the digital euros development, given that
the ECB has not yet finalized the technology framework for
the project. Incredible stuff. So the use of a public
blockchain is definitely something that EU officials are taking more
seriously now. One of the people involved in the digital

(11:52):
euro discussions totally Financial Times. Another person said a digital
Euro in a private form would look much more like
what the Chinese Central Bank is doing than what private
companies in the US are doing. So this is very
very interesting and folks, if you recall, we just got
news a couple of days ago that China wants to

(12:13):
launch a yuon stable coin. Now here's the thing we
got to be careful with. There's a bit of a
switcher roo here, right. They may be calling a CBDC
a stable coin, So you got to be vigilant and
watch out and make sure you read the fine print here,
because in my conversation with Chris John Carlo over the
years he talked about this, he's saying, look, everybody's focused

(12:34):
on the term CBDC, but you better watch out for
the stable coin issuers that they are abiding by their
law and that they are respecting your rights. And here
in the United States, we have the Constitution and there's
certain bills that have been put into place. But still
got to be careful.

Speaker 2 (12:50):
Here, folks.

Speaker 1 (12:51):
Right, We're got to watch how all this plays out
because this could be a pseudo CBDC or a CBDC
itself just with the name changed. Hey, here's a stable coin,
if you get what I'm saying, right, folks, So be vigilant,
and we got to make sure we hold our government's
accountable and that they don't trample our rights. So This

(13:13):
is interesting to say the least, and we're gonna see
I think, the major announcements of some of these public blockchains,
just like we saw with Avalanche in Japan this week.
So this is why it's important to diversify and don't
be involved in maximalism. Be a smart investor and look
at what's getting adoption, what is getting liquidity, what has

(13:35):
the most upside. There are a lot of people in
this market who are so brainwashed. They are married to coins.
They're very religious, right, it's that maximalism mentality, and it's
like a waste of time, Like, what are you doing right?

Speaker 2 (13:50):
Come back to the real world.

Speaker 1 (13:51):
I understand you may have your ideology, you may want
something to happen, but you got to balance it right,
because then if you become some sort of authoritarian, nothing
else can exist but my coin. What are you doing right?
But folks, you don't want to have that mentality. You
want to think like smart money, like the whales, they
don't operate like that. So this is something I've learned

(14:14):
a long time ago, and I diversified and it has
helped me to make money and not to be caught
up in feelings, emotions and all the crazy stuff, right, all.

Speaker 2 (14:23):
Right, folks.

Speaker 1 (14:23):
Final news item, The head of the IRS is Crypto
Enforcement Division resigned. A lot of people were out there
saying bullish. You know, we're about to see some major
tax changes from the IRS regarding crypto. Who knows, you know,
with Trump, he's he and his kids, they're very bullish
and crypto. We could see something really big. Maybe it

(14:44):
is a reduction in capital gains. Well, we'll have to
wait and see, but this seems bullish. I honestly don't
even know who the person is. This news just broke
this evening and I haven't gotten a chance to go
see if this person was positive. But whatever it is,
but a lot people on social media sharing memes like
this is super bowlish. But we'll have to wait and see.

(15:06):
But guys, we got the bullish confirmation we needed for
this party to continue. The signals, the on chain data,
all those those things.

Speaker 2 (15:16):
We're saying.

Speaker 1 (15:17):
We're still in the bull market, but sometimes you need
that spark, that narrative spark. Right, But again, narratives alone
don't just carry markets. It has to be those fundamentals
and principles, the charts, the on chain data, global liquidity
and all these things I've been sharing with you guys
non stop, So exciting times are ahead. If you are
planning to take profits, make sure you got that plan ready,

(15:39):
because I'm looking to take profits guys. And if you're
planning to hold through, then that's you. That's your right,
you know, do what you got to do. But I'm
going to be exiting all my all coin bags and
some bigcoin I'm still holding on to you. I'm selling
I would say eighty percent of my bigcoin holdings and
keeping some long term. And I've often talked about like

(16:02):
I plan to give that to my daughter and things
like that. Right, So that is my plan, but you
don't have to follow me. Do what's best for you financially, right,
And you're going to probably see people call you idiot
and idiot for taking profits and so forth. Again, they
never share their portfolio, they never share their personal details.
They just post stuff on social media, So be careful.

(16:22):
These are people trying to influence you to do different things.
They want you to be stuck holding the bag and
all that. I've been here since twenty sixteen. I've seen
it all and I've seen the tricks that people play.
So just be careful and stick to your plan. Do
what's best for you, because at the end of the day,
it's your life, it's your finances. And when the bullmarket ends,

(16:42):
those people disappear who told you don't sell. You're an
idiot for selling, right, they don't show up. They're not
there to help you if you need help financially, They're
not there to help you get rid of your debt
and all that. Right, My goal is financial freedom and
that's what I'm using crypto as the fastest horse in
the asset rays to help me achieve that. So hope
you understand my perspective there, folks. A great way you

(17:04):
can support me in the podcast is by subscribing to
my free email newsletter. It is one hundred percent free.
Link will be in an description. Check out my book
on Amazon. It's available in paperback in digital, and my
course at Mycrypto course dot com. This is a comprehensive
course that teaches you everything about crypto, expand your knowledge.
Knowledge is powers, So go to Mycryptocurse dot com. All

(17:25):
the links will be in a 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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