🚨SEC MAKES A HUGE UPDATE FOR ALTCONS ETFS! XRP, SOLANA, CARDANO, LITECOIN!

Episode Transcript
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Speaker 1 (00:04):
Hey, everybody, Welcome into the Thinking Crypto Podcasts, your home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please sit that subscribe button as
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or Apple, please leave a five star rating and review. Folks.
Huge news coming out of the SECS. So the SEC

(00:26):
has asked the issuers of the like coin XRP, Solana
Cardano and Doge ETFs the SPOTYTFS to withdraw their nineteen
B DASH for filings following the approval of the generic
Listing standards, which replaced the need for those filings. Eleanor
Turrett reported that the withdrawals could start happening as soon

(00:47):
as this week. So this is very bullish, folks. And
if you recall last week, I told you guys that
I interviewed Commissioner Hester Purse, and one of my major
takeaways is that with these new guidelines for the ETFs,
futures markets are not new and in addition to nineteen
B DASH fours, so the process is going to be
sped up, It's going to be much more easier. And

(01:08):
less cumbersome for these filers to get their all coin
ETF applications in and then approve. So this is very bullish.
It's setting up for the approval come Q four, and
we're expecting the markets to rally. Obviously, you know, on
today's livestream, m I broke down the dynamics and everything
that's happening. But you can see the direction things are
heading in and we're going to get a lot of

(01:29):
all coin ETPs and of course the two biggest that
are on deck right now is XRP and Solana, and
I think the market really wants those. There's a lot
of applications and filings for those, so great to see
the SEC saying hey, guys, with draw those respective aspects
of your filings. And it looks like the SEC is
getting ready to approve these individual et apps now. Eric Balchunis,

(01:53):
who's a senior ETF analyst at Bloomberg, says, nice scoop
from eleanor here. This was something we thought could happen.
It makes sense as you don't need nineteen b dash
fours in the POSTGLS world. So talking about the new guidance,
just not sure how the launch schedule will work. More
will be revealed soon. So this is very good, guys,
very bullish set up here for what we can anticipate

(02:16):
in Q four. Now, quick word from our sponsor, folks,
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(03:00):
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dot com. Link will be in the description. Now, folks,
look at this bullish news. Swift, the banking messaging system
that has existed for a very long time and how
the banks communicate with each other for cross border payments

(03:20):
and money movement and much more. They are partnering with Consensus,
the developers of etherorem, to build a blockchain settlement system.
This is news you want to share with the skeptics
of crypto and people who still don't understand what's happening
here because this is a huge capitulation. Remember, Swift is
simply the banks around the globe, So you're JP Morgan's

(03:42):
and many others coming together and forming this respective messaging system.
And now they're saying, we need blockchain, we need this
technology because we're getting disrupted. So let me give it
a details. The Swift interbank communication network is working with
Ethereum ecosystem developer can Census to develop a blockchain settlement system.

(04:02):
So they're going to use here a blockchain which is
a layer two on top of ETHEROREM. And different reports
are saying that it is called linear, so clearly it's
a theorem base and once again it's a layer two.
According to a Monday announcement, the Society for Worldwide Interbank
Financial Telecommunication SWIFT is developing a blockchain in collaboration with

(04:23):
over thirty financial institutions and Consensus. The initial focus is
on developing infrastructure for real time twenty four to seven
cross border payments. Guys. Is what I've been beating a
drum on the economies, the governments, the markets will all
be running on blockchain rails. Clearly, the banks recognize the
disruptive potential of stable coins, blockchain and crypto, and that's

(04:45):
why they're trying to catch up to crypto now because
crypto's being the first twenty four to seven, three hundred
and sixty five day market, right we all know that, well,
all these legacy tradify guys, The banks and stock exchangies
are all moving in the same direction. So one of
the object of the new blockchain will be interoperability with
existing and emerging networks while also maintaining compliance. Consensus is

(05:07):
tasked with developing the conceptual prototype in the first phase
and defining the future work phases. Here's a quote. The
ledger will extend swift's financial communication role into a digital environment,
the announcement said. Swift added that the platform will support
the exchange of tokenized assets, though the types of tokens

(05:28):
would ultimately be determined by central and commercial banks. So
let me break this that for you. They're going to
create a private layer two on etherorem, but they're going
to have interoperability with public blockchains because we saw many
of these folks, JP Morgan, IBM and others tried to
create the private permission blockchain. It didn't work. No one

(05:48):
trusted each other's blockchains. So it's just like they don't
trust each other. Right now, they have to use a
messaging system, but public blockchains are the way. So they're
going to have to have the ability to bridge into,
you know, the rest of the world that's on public blockchains.
And here's a great example of that. Qatar Bank taps
JP Morgan's blockchain for faster US dollar payments. Now this

(06:10):
is JP Morgan's Connexus blockchain, which is a private fork
of etheroremy It used to be called Quorum, and most
recently we saw a JP Morgan they were testing the
payment rails with Ondo Finance and chain Link, which are
public blockchains. So you can see once again, you can
have your private chain and you can have your wall garden,

(06:30):
but you better have rails going out to the public
blockchains where nobody's gonna trust it, right, Why the hell
would I trust your blockchain and it's centrally controlled. So
they're going to have to meet other banks and other
institutions on the public blockchains in kind of a public
town square type setup. Right, So very bullish news. You
got swift capitulating, You got these banks, JP Morgan and

(06:52):
others having to plug into public blockchains. So again, look
at where the puck is heading, folks. This is major
news here. It's not the most sexy news, but it's
huge capitulation from the banks, the people who are naysayers
spreading fud, saying this is all a joke, a ponzi
of fad, magic internet money, you name it, right, the

(07:14):
different criticisms we've seen over the years from Larry Fink
at one point, Jamie Diamond of course, and many others.
So incredible news here. Now, speaking of chain link, chain
links AI powered communications tool shows promise at streamlining corporate
actions data sharing globally. I'm a big believer in chain link.
Many crypto native companies and projects and even trad fin

(07:37):
institutions are using chain Link. I just give the example
of a JP Morgan, right, So I'm a linked token
older I have been for a long time, so I'm
very bullish on this. So Chainlink is providing a deeper
look into its attempts at improving the global financial industry
by inking deals with the largest market infrastructure providers such
as DTCC, Swift and Euroclear, big names there. The chain

(08:00):
Link runtime environment orchestrated the validation of multiple AI model
outputs that were then transmitted to the Swift network using
an ISO two zero zero two two compliant messaging format.
So big development here by chain Link. They continue to
get adoption around the globe by many different institutions and
even once again other projects in the blockchain space or

(08:24):
the crypto space. And I'm hoping chain link can do
really well this bull market. It has shown some strength rallying.
But I'm looking for one hundred dollars plus link price,
but you know, not guaranteed, of course, but I'm hoping
we get there, all right. Moving ahead, Binance joins coinbase
and offering white label cryptos services for trad five. I've

(08:45):
interviewed quite a few folks in coinbase where we talk
about the services they're offering, like, for example, they're powering
black Rock's ability to buy and sell and trade crypto,
plus the custody black Rock uses coinbasis custody. Well, Coinbase
is offering the white label to banks. We heard about
P and C Bank, we heard about JP Morgan, so
smart move by coinbase and Binance is looking to do

(09:05):
the same thing, so essentially offering crypto as a service.
So crypto Exchange Finance is launching its own crypto as
a service solution for licensed banks, brokerages, and stock exchanges
looking to offer crypto services to their clients. The white
labeled solution will enable these trad FI institutions to tap
Binance's spot and futures markets, liquidity pools, crypto solutions, and

(09:28):
compliance tools without needing to build their own infrastructure from
the ground up. The Binance statement said on Monday, here's
the quote. Institutions retain full control of the front end
their brand, client relationships, and user experience, while Binance powers
the back end supporting trading, liquidity, custody, compliance and settlement.

(09:48):
So this is huge, folks, right, especially that these powerhouse
crypto exchanges are helping these trat FI institutions to offer crypto,
and the TRATFI institutions are doing this because they don't
have to spend years trying to to build a product out.
Now you believe eventually they will, you know, as they
start making money and you know their R and D,
the department is going to look at what coinbase is doing,
what binance is doing, and they're going to build out

(10:10):
their own stuff. But right now, with the race to
get to market and to provide this access and not
lose clients, they're going to go this route. And it
makes sense. It's very easy, and this is a huge
win for these exchanges in the crypto industry that these
trad fin institutions are capitulating to the crypto acid class,
but they have to use the crypto exchanges to power it. Now.

(10:33):
I've often mentioned that, you know, the banks were the
ones lobbying Elizabeth Warren and Gary Genser to attack the
crypto industry, and they've clearly given that up and they've lost,
and now they have to capitulate crypto as across the chasm.
It's no longer fad, it's no longer taboo. It's no
longer this nascent acid class. They better get on board
right or they will have their blockbuster moments. So huge

(10:57):
news here. Now crypto's global. It's a global acid class,
in fact, the first truly global acid class. And look
at this. Kazakhstan debuts state Back Crypto fund with BnB.
Now you may say why BnB, Well, you guys know
they assign cz Binance's founder and former CEO as an advisor.
So this is why you got BnB of all tokens

(11:19):
kicking it off here. And I'm not anti BnB, but
you know it's an exchange token and most people know
that that's kind of its use case for the most part,
versus if you look at ethereum, XCERP, Ledger and others. Right,
So very interesting move here. So Kazakhstan has established a
state back Crypto reserve in partnership with Binance, making the

(11:40):
country's latest move into digital assets. Marking the country's latest
move into digital assets. The initial digital asset in the
fund's portfolio is BnB, the utility token that drives transactions, fees,
and governance on Binance's blockchain. According to a Monday announcement
on the Kazakhstan government's website. The announcement did not specify

(12:00):
how much BnB was purchased to see the fund, nor
did it give any details about what other crypto investments
might follow. The fund, named Alem Crypto Fund, was created
by the Ministry of Artificial Intelligence and Digital Development and
is managed by Quasstan Adventure Group under the Astana International

(12:23):
Financial Center. Here's a quote. The primary objective of the
fund is to make long term investments in digital assets
and bill strategic reserves. Very bullish needs. Here you got
countries buying, you got digital acid treasury companies buying, and
of course you got trad fi institutions like black Rock
and others buying. Lots of demand for this acid class,

(12:46):
and I'm glad I'm here. Early I bought the lows
and the bloody bear market. Right when people were screaming
this is all a scam. They weren't educating themselves, They're
just reading headlines. But now again we've crossed the chasm
for adoption. All right, Moving ahead, NASDAK listed Predictive Oncology,
launches three hundred and forty four million dollar deepen Treasury

(13:10):
focus on ether If I'm saying that writer ether ae
t Hi R. This is the first time I'm hearing
of this. I'm a big believer in decentralized physical infrastructure
network is also known as deepen, and it's really interesting
that you have a new digital acid treasury company going
beyond the top twenty tokens, right, your normal bigcoin xrpiece, Solana,

(13:32):
Etherorem and others, and going with this token I've never
heard of. So you're going to see a lot of
plays like this. This is very interesting, so predictive oncology,
a biotechnology company specializing in AI driven cancer research, has
announced a three hundred and forty four point four million
dollar digital acid treasury centered on the ether's ATH token,

(13:55):
marking the first time a NASDAK listed company will hold
and actively managed tokens from a decentralized physical infrastructure network. Now,
I don't know how well this is going to work
out for them because I've never heard of this token.
It sounds like it's new and it's not, you know,
one of the tokens that has a lot of the
liquidity like the tokens in the top ten. Right. So
the capital strategy has developed with guidance from DNA Fund,

(14:19):
a Web three investment and advisory company and BTIG, which
served as placement agent Predictive Oncology disclosed Monday. It was
structured as two concurrent private placements in public equities combining
cash investment with crypto pipe involving in kind contributions of

(14:40):
ath tokens. DNA Fund said in a separate announcement, So
let's see how it works out for them. You know,
the rising tide lifts all boats. When this market goes
crazy and all these different random coins start popping off,
it could work out well when the bear market comes,
you know, as the saying goes, when the tide goes out,
we'll see who's swimming naked. So again, not hoping for

(15:01):
anything bad to happen. Just if I was doing a
digital acid treasury, I would more so go with the
more liquid tokens in the market. But hey, we'll see
what happens. All right, folks, that's the news. Let me
know what you think. Leave your thoughts and comments below,
especially about the Swift news. That's a big one, right.
They are full on capitulating, all the banks, all the
stock exchanges are bending the knee. Obviously. We heard just

(15:23):
this last week Vanguard is finally capitulating, so all the naysayers,
all the people on the fence jumping into the acid,
class and industry folks. So, folks, if you appreciated the content,
please be sure to subscribe to my free email newsletter.
It is one hundred percent free on substack link will
be in the description. Check out my book on Amazon,
it's available in paperback, in digital, and my course at

(15:44):
mycryptocurse dot com. 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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