JPMORGAN'S CEO BENDS THE KNEE TO CRYPTO! HUGE XRP ETF NEWS!

Episode Transcript
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Speaker 1 (00:05):
Hey, folks, Welcome into the Thinking Crypto podcast, your home
for cryptocurrency news and interviews. I'm your host, Tony Edward
on your weight In. Please sit that subscribe button as
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or Apple, please leave a five star rating and review. Folks.
It's pretty brutal out there. The sentiment is in the dumps,

(00:27):
it's in the gutter. People are feeling depressed and sad
and much more. But as always, we don't want to
approach the markets from an emotional standpoint. And even with
the big news that we got yesterday from fetcher Jerome
Powell of them cutting rates again and ending quantitative tightening
on December first, and in addition, US China trade negotiations

(00:47):
going pretty well. There has been some progress. It's not
fully resolved, but Trump met with President she and things
are moving in the right direction. The markets have not rebounded.
But what did I say at the beginning of the
week that any time there is an FMC meeting of
any specific week, there's tons of volatility, so you can't

(01:07):
judge the market, right, I said, we got to let
the dust settle here. I do believe the macro perspective
is we are still in the bull market. There hasn't
been any major invalidations on the chart, despite what Bitcoin
is doing, despite what the total all cooin market cap
is doing. No invalidation. If there was invalidation and we
were in a massive downtrend, then yeah, pack it up,

(01:30):
go home, right, it is time to panic. But nothing
like that is taking place. It's just the whales and
market makers are trying to shake people out, and we
got to be patient here. This market will continue. We
are seeing all the macro signals we're looking at on
chain data. Whales are not dumping. The whales are still
holding on and we're still seeing accumulation. Plus you have

(01:53):
bitcoin dominance, USDT dominance, and a bunch of other other
top signals that have not flash, right, guys, So nothing
has changed. Despite the rollercoaster ride we are seeing up
and down shop sideways. It's boring as hell, but don't
get emotional about it. Look at the data, all the
metrics I've been sharing with you guys in the newsletter,
on the podcast and so forth. So just be patient.

(02:16):
Things are still moving in the right direction and there
has been no invalidation. Now, one of the things that
we've been waiting for, which is a big macro catalyst
for the bull market to continue, is the SEC approving
different all coin ETFs. We saw some approvals this week
for a Solana steaking ETF from bitwise and hbar and
like cointf. Well, here we get an update from Canary

(02:38):
Funds about the xrpiece BODYTF because there's a ton of
xrpce body tfs and Solana ETFs that have not been
approved yet. So eleanor Trett is reporting Canary Funds has
filed an updated S one for its xrpiece body TF,
removing the delaying amendment that stops a registration from going
auto effective and gives the SEC control over timing. This

(02:59):
set Canaries xrp ETF up for a launch date of
November thirteenth, assuming the NATS that green lights the eight
A filing. Note, the government reopening could affect the timing,
potentially moving it up if the filing is complete and
the SEC is satisfied, or back if staff proposed additional comments.
So again we got the government shut down that is

(03:22):
delaying a lot of these approvals. Right for XRP and
Salona and so forth. And obviously we hope that the
government opens up relatively soon because that's also another macro catalyst. Right,
you have the resolution of all these things. It's not
that the markets need them. It's going to give hope
to the investors, right, it's a psychological thing. I personally
don't need that because I've been in the markets. I

(03:44):
understand what's happening here. But for the average Joe and
Jane out there, they need that, right, they need to
fed signal and much more so. This is very good.
And again you got a bunch of XRP ETFs on
ATF still on the table here, and that should when
those are approved live, that's going to be very bullish

(04:06):
for those respective assets. And in fact, here's what bit
why Cio Matt Hogan, who I've had on the podcast
many times, said about the x r P e TF
he predicts it will easily become a one billion dollar
fund within the first few months. So again I hope
you see what's happening here that's not going to happen
to bear market. And that's because the top is not

(04:28):
in folks as brutal as it's been, right, and you
had a lot of head We had a lot of
headwinds with the tariff, So people forget, like all the
stuff that happened earlier this year. People have short memory spans.
But remember I've been saying that had that changed the timeline,
but it didn't end the bull market. So just make
sure you have all these things in mind and put

(04:48):
them into context. And look at this. The largest x
RP treasury company went live on the NASDAC today. That's
ever North, So they're going to raise one billion dollar
to buy XRP. In fact, I'll be interviewing the CEO
ever North as hues Burla. He used to be a
Ripple employee. So that interview unfortunately got rescheduled to tomorrow.

(05:11):
Was supposed to happen today because I posted it on
x But I'm going to be interviewing him tomorrow and
get all the details for you guys. So we got
crypto companies looking to go public, you know, cracking securitize consensus.
So do you think they're going to go public in
a bear market? Right? Put your thinking caps on here.

(05:31):
So that's why look past the volatility and look at
all the factors, right, all the facts and all the
things that are happening in the market. Guys, we're still
in a bull market despite this. You're going to see
in the comments section bears are going to come out
because they have their shorts right, so they're going to
try to get you to panic, sell and feel fear
and much more. It's the same story we saw many

(05:53):
times throughout this bull market, especially in the tariff crash
earlier this year. They were doing the same thing. They
will flood the comments. It's to tops in you're an idiot,
you're you're lying and all right, and then they disappear
when the price rebounds. It's the same thing, so don't
fall for it, guys. Make sure that you're focused on
the data and the metrics and not emotions and sentiment

(06:14):
and someone just making a statement, right, folks. This episode
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(06:35):
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be in the description. Now, folks, we got big news
from JP Morgan today. This is very bullish and in
fact it's one of those things you look at and
you see the capitulation that's happening with JP Morgan and

(07:39):
Jamie Diamond, and you look at crypto Twitter in this sentiment,
the juxtaposition of the two things, right, it's just an
interesting dichotomy between these two things. So first, before we
get to Jamie Diamond, JP Morgan executes the first fund
servicing transaction on its Connecxus blockchain, so the system uses
smart contracts to automated capital calls and reduce manual fund processes.

(08:03):
The launch builds on JP Morgan's earlier on chain repo
tool powered by Connexus. Now. JP Morgan's Connexus is a
private permission blockchain, but what they've been doing is bridging
it to public blockchains like Onto and on coinbases Layer
two base. So JP Morgan is all in, right, they

(08:23):
have launched crypto trading for the wealthy clients. They're going
to use bitcoin an e theorem as collateral. They're tokenizing
on public blockchains, and don't be surprised if they launched
their own stable coin. Now, they did launch jpm coin
in the past, but that's once again part of their
private blockchain, so let's see what they do from a
public standpoint. But clearly they're all in and guys today,

(08:44):
Jamie Diamond sitting at a round table, will Larry Fink,
a CEO Blackrock and other financial big wigs, made some
very bullish statement, fully capitulated. Let me play the clip
for you, well skeptical of crypto at one point, you're
still skyped away with no damage. So far. Crypto is real.
If you mean blockchain, stable coins, you have a JP
Morgan deposit coin, you can move stuff, smart contracts. All

(09:07):
that stuff is real. It will be used by all
of us to facilitate better transactions and price. So anybody,
did you hear what he said? Cryptos real? It was
going to be used by everybody, stable coins, crypto and
so forth. A far cry from the things he said
years ago, right, that crypto, bitcoins a scam and so forth.
So very bullish, and this is the final boss. Remember

(09:30):
JP Morgan, they are the world's largest bank and they
sit at the top of the FIAT kingdom. Right. So,
of course Jamie for a long time bashing the crypto
acid class, calling bitcoin a pet rock and all kinds
of stuff. Right now capitulated. Even Larry Fink at one
point was saying negative things and he's capitulated as well.

(09:53):
So this is a monumental day, and I think it
should be getting bigger news, but people are so depressed
about the it's so funny, But guys, it's incredible. And
Larry Fink, speaking at the same conference, he said that
we're not spending enough time talking about how quickly we're
going to tokenize every financial asset. So it's what we've

(10:14):
been talking about for years on this podcast. The markets,
the economies, and governments will all run and blockchain rails.
They're going to tokenize all the assets. It's going to
open up a truly global market for these assets now,
bringing in liquidity from all over, trading twenty four to seven,
instant settlement, fractionalization, more people can participate, and much more

(10:36):
so incredible stuff. Now look at this news. Ondo Finance
and chain Link unite to bring global finance on chain. So,
starting today, Onto and chain Link are joining together in
a landmark strategic partnership to bring financial institutions on chain,
building the infrastructure to tokenize trillions wow. Together, we will

(10:56):
work with leading institutions to move their assets and operation
on chain using Ondo's tokenization infrastructure and assets. With Ondo
and chain Link partnering to make CCIP the preferred solution
for traditional financial institutions cross chain initiatives, huge partnership. I
own both tokens, both the Link and the Ondo tokens

(11:18):
on Bullish and boat projects. I have more so a
bigger bag in chain Link going back to a long
time years and Ondo I recently added, I think it
was earlier this year in the tariff crash when the
prices were down. So notice I buy when the prices
are down, when there's blood and people on the streets
and people are scared, right, I don't buy pumps, So
that's something you got to learn to do, folks. But

(11:39):
this is huge news and very bullish if you hold
these tokens. Now, look at this Nigerian fintech plans African
stable coin payment system with Polygon. Now, I do have
some Matic token in my portfolio. That's the native token
of the Polygon blockchain and Polygon is a layer two
on Etheroreum. They are getting a lot of adoption and

(12:00):
this is a pretty big one. So Flutterwave, Nigeria's largest
fintech company, is developing a cross border payment platform powered
by stable coins, highlighting the growing role of blockchain technology
in streamlining payments across Africa. The company is partnered with
Polygon Labs to launch the service across its thirty four
country network. Bloomberg reported Thursday Polygon's blockchain infrastructure, built to

(12:25):
provide scalable, faster and cheaper transactions on Etheroreum, will be
used to enhance settlement speed and efficiency. Big news for
Polygon here, but also incredible news for crypto adoption. Stable
coins and all types of financial products are being built
for crypto around the globe. This is the world's first

(12:46):
truly global asset class, So incredible adoption happening across the globe.
Now look at this news. We've been waiting, of course
for the Market Structure Build a Cloudyact to pass in
the Senate, but unfortunately the government shut down, of course,
so I still believe there's a strong chance it gets
passed by December. But here Eleanor Territor is reporting that

(13:06):
the Senate Agriculture Committee is close to releasing its long
awaited bipartisan draft that deals with the commodities side of
the Crypto Market Structure Bill, according to multiple sources, but
exact timing difference depending on who you speak to. Some
say the committee could move as soon as tomorrow. Others say,
final preparations mean it could slide into next week either way,

(13:28):
The imminent rollout, along with the restart of bipartisan staff
negotiations on the Banking Committee, shows the market structure wheels
are back in motion following last week's industry roundtables. So
despite the government shutdown, things are still progressing. And guys,
this is a major milestone item which once again, I

(13:48):
don't believe the bullmarket's over. If the whales and market
makers are doing their thing here, this would be a massive,
huge opportunity miss to drive fomo into this market, and
you know they make their money and their cuts and
so forth. Why would you not try to have the
market continue to appoint where this happens and it becomes

(14:10):
this massive bider rumor sell the news events if you
know how markets work, right, guys. So this, in addition
to crypto companies planning to do IPOs global liquidity whales
still buying, not dumping. The signals like the picycle top
indicator not flashing. The Bitcoin monthly chart still shows the
bulls are in control. That's the higher time frame of course,

(14:31):
and much more right. We've never seen a bull market
end with fear and people panicking and all that. It's
always euphoric. It's always you're an idiot. Were taking profits,
You're an idiot. It's gonna keep going up, right, They
get that greed euphoric phase where you become contrariant to
the herd. And right now I'm being contrariant to the

(14:54):
herd because the herd feels bears, their herd feels. This
is all over. So, guys, I hope you understand what
I'm saying here, right, it's so important to and maybe
what might be helpful for you, guys, journal this stuff.
Write it out in your paper, like the pros and
the cons Right, are we in a bull market? And
list out some of the reasons I shared here which

(15:15):
are factual. They're not made up. It's not a conspiracy theory, right,
it's not fairy tale. It's just simply these things are
on the horizon, and some of it is data driven
and much more versus. Okay, the chart shows embarished things.
We are seeing some volatility, right and despite the positive
news we just got from the FED, and even with

(15:36):
the trade deals with China, the market didn't pump right away.
And Jamie Dimond capitulating the pump didn't happen right away.
Positive news does not mean the market pumps right away.
Depends on what's happening from a liquidity standpoint, sentiment standpoint,
because you have to understand the fundamentals of the market. Guys, Okay, guys,
one more sponsor I want to highlight here. So this
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(15:59):
pioneering the first way to bid, win and trade ad
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(16:41):
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once again coinage my podcast and even the role of

(17:02):
participating here. Folks. Thank you so much for tuning in.
I appreciate you all. Be sure to check out my newsletter,
my book on Amazon, and my course at mycryptocurse dot com.
I appreciate you all, and I'll talk to you all later.

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