SEC NEW CRYPTO GUIDE & MAJOR BANK PARTNERS WITH COINBASE TO OFFER CRYPTO!

Episode Transcript
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Speaker 1 (00:00):
The SEC releases a new guide on crypto custody for
retail investors, and another major bank is partnering with coinbase
to expand their crypto services. I'll give you to details.
Let's get into it. Hey, everybody, welcome into the Thinking
Crypto podcast. You're home for cryptocurrency news and interviews. I'm

(00:24):
your host, Tony Edward. On your way in. Please let
that subscribe button as well as the thumbsubp 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. Not much happening with the
price of bitcoin, and of course we're using bitcoin as
the measuring stick because all coins follow bitcoin. I know
it's a very boring, tough time. It is painful in

(00:46):
the market, right, but this is part of investing. You
got to be able to control your emotions, as hard
as it may be. And I'm talking from experience, having
been here since twenty sixteen, going through multiple bull and
bear markets, and you know every cycle throws a different
curveball and different challenges. So we have to get through this.
I know the two scenarios I've been sharing with you guys,
is that we are definitely going to see a rally here.

(01:09):
I think Big Point is going to go higher. The
question is is this a relief rally, a dead cat bounce,
or the move to new all time highs. And that's
where we're going to have to be patient to say.
Regardless if it is one of those, all coins are
going to move, but we're going to have to see
how much liquidity comes in the market and how many
of these all coins start to hit new all time highs.

(01:30):
It would be pretty disappointing if this was simply a
relief rally or dead cat bounce to lower lows into
a bear market, that would be one of the worst
bull markets ever for crypto. But you know, folks, we've
been talking a lot about the different macro factors despite
what the chart is showing us, and that is we
are still in a macro bull market. We're seeing Silver

(01:52):
is hitting new all time highs. I'm sure many of
you who are tracking that are looking at that. This
week it started hitting new all time highs. Gold is
on the move again. It is close to its all
time high setback in October, and let's see if that
breaks this week, because that would be an indicator of
this macro bull market continuing. We of course want to

(02:12):
keep watching the stock markets such as the S and
P five hundred and NASDAC, the Russell, and so forth.
The Russell hit a new all time high this week,
but we haven't entered into full price discovery right. But
I think as liquidity starts making its way into the
economy and markets from what the FED is doing, they
just started quantitative easing on Friday, so I think we

(02:32):
got to give time. You know, I don't expect anything
towards the end of this month. I think come January
into February, I think we start to see some action here.
But until then, we're gonna have to be patient and
see how the market plays out. I hope I'm wrong.
I hope, you know, we get some sort of catalyst
that drives the market higher, but I don't think so.

(02:54):
So patience is the key here. Another factor I've been
highlighting to you guys is that whales are accumulating again
based on on chain data, so sentiment shows bitcoin whales
with wallets of ten or more bitcoin. They're starting to
accumulate again. They were in distribution over the past two months,
so this is a positive sign. We have some positive signs.
And you know, on the topic of global liquidity. I

(03:15):
know this has nothing to do with crypto, but Mickey
Mantle baseball card could sell for one point five million
dollars at an auction. These are not things that happen
in a bear market where liquidity has dried up. So
this is where, as an informed, educated investor, you want
to look at the different aspect of the market. Look
at what gold and silver are doing the stock market right,

(03:37):
what are the valuations of companies and much more? Are
people looking to do IPOs in twenty twenty six And
the answer is yes. You got Open AI and a
bunch of AI companies. You got crypto companies looking to
do IPOs. So this is where, folks, things are a
bit different here. And then you've got Trump talking about,
you know, his new FED chair, who's going to do
his bidding. He wants to do the two thousand dollars

(03:58):
tariff stimulus check. So something is different here. And I
know that sounds cliche because people say that all the time,
right in every cycle, but the macro factors are different.
The timeline has been pushed back because of the tariff situation,
and it just seems like there's another leg here, but
I could be wrong, guys. You know, I wish I

(04:19):
had a crystal ball to give you the exact details.
But I'm just looking at all these factors right and
just saying, man, it just doesn't add up. But we're
gonna have to wait and see. So patients is the
key here. Again, the pain in the boredom comes with investing, right, folks,
So we got to hang in there, Okay, Moving ahead,
the SEC has released a Crypto Custody Basics Guide for

(04:43):
retail investors. So they're ramping up the education efforts or
initiatives here, which is really great, and you know, is
dislike something a preview of what's the common twenty twenty
six with all these ETFs that have been launched, IPOs
and much more. You know, we're gonna have to wait
and see, so let me give you some details here.
So the US Securities and Exchange Commission published a Crypto

(05:05):
Wallet and Custody Guide Investor bulletin on Friday, outlining the
best practices and common risks of different forms of crypto
storage for the investing public. The SEC's bulletin lists the
benefits and risks of different methods of crypto custody, including
self custody versus allowing a third party to hold digital

(05:25):
assets on behalf of the investor. If investors choose third
party custody, they should understand the custodians policies, including whether
it rehypothecates the assets held in custody by lending them out,
or if the service provider is co mingling client assets
in a single pool instead of holding the crypto in
segregated customer accounts. Now. Crypto wallet types were also outlined

(05:50):
in the SEC guide, which broke down the pros and
cons of hot wallets which are connected to the internet
and offline storage in hot wallets. So it continues, but
this is really great guys. You got the regulator educating
people and again, you know, is this a purview of
what's to come in twenty twenty six, I don't know,
but nevertheless it is very good. Now on the other

(06:11):
side of the token, the CFDC has approved bit nomial
prediction markets in the US. They did this for Gemini
as well, so they're giving a lot of approvals here
and they're doing a lot of great stuff. You know,
A shout out to acting Chair Caroline Fams So Bitnomial
Clearinghouse LLC received approval from the US CFTC to clear

(06:32):
fully collateralized swamps, enabling its peering company Bitnomial to launch
prediction markets and offer clearing services to other platforms. According
to Friday's announcement, Binomials prediction market will cover crypto and
economic events alongside its existing Bitcoin and crypto derivatives products.
The contracts are designed to allow traders to take positions

(06:54):
on outcomes such as token price levels and macroeconomic data.
So guys, we're seeing the regulatory agencies giving massive approval
and guidance for the crypto market. And a reminder what
the OCC has done just over the past two weeks.
They gave conditional approval to five crypto companies, including Ripple

(07:14):
Circle and others to become a national trust bank charters.
They have given clearance to banks to participate in crypto
trading transactions. So I mean you got the SEC, the
CFTC to OCC all doing amazing stuff. This is very
bullish as we head into twenty twenty six. You know
one thing I want to highlight. Macro investor Ral Palell
replied to this news posted by Frank Chaparro and said,

(07:38):
it's wild and wild to see the markets not react.
So it is a weird time in the market. You
have some of the most bullish news, but yet the
market is kind of like being held back, right. It
feels like someone's holding back that parabolic phase. And that's
what it feels like. You know, it doesn't mean that
that's how it's going to play out, And you know,
I want to make sure I caveat these statements because

(08:00):
I'm waiting for more confirmation on the charts and different
things to see how this is all going to play out. Now, folks,
this episode is brought to you by Vchain. V chain
is one of the top layer one enterprise blockchains out there.
I'm a VET token holder, I have been since twenty eighteen.
I'm very bullish on this project. They're getting a lot
of adoption. A lot of enterprises are building on vchain,

(08:20):
they're building tokenized applications, they're building Web three applications, and
they're partnered with Dana White in the UFC. Earlier this year,
Dana White said he bought a million dollars in the
VET token and some of the great features of the
v chain blockchain includes it's scalable, secure, fast, compliant and
purpose led and folks, they're working with brands such as
Boston Consulting Group, BMW, PwC, Walmart, China and much more.

(08:43):
So you got to check out v chain. They're doing
some great things. Once again, I'm a token holder, so
I believe in this project. So if you'd like to
learn more, go to vchain dot org. Link will be
in the description. Now, folks, look at this news. Standard
Chartered Coinbase deepen alliance to build institutional crypto infrastructure. We're
seeing coinbasis services getting huge adoption lately from JP Morgan,

(09:06):
p and C Bank went live with their bitcoin trading
power by coinbases. Crypto is a service platform. You got
City Bank that's working with coinbase, and here's Standard Chartered.
So coinbased a very smart move on their part. We
know black Rock and some big institutions have been using
them for a long time. So as part of the partnership,
the duo will explore offerings across trading, prime services, custodies,

(09:29):
staking and lending. The British Multinational Bank announced on Friday.
Here is a quote. We aim to explore how the
two organizations can support secure, transparent and interoperable solutions that
meet the highest standards of security and compliance. Margaret Hayward Jones,
global head of Financing and Securities Services at Standard Chartered

(09:49):
set The two firms said. The partnership combines Standard Charters,
cross border banking and custody expertise with Coinbases institutional crypto platform.
The goal is to deve up an integrated suite of
services that allows institutions to trade and manage digital assets
within a secure and compliant framework. So the banks are

(10:09):
all building on ramps here for their clients, and not
just retail but institutional clients. So a lot of money
is going to come into this asset class and eventually
that will be priced in and you know the prices
are going to go higher. Now, it's always the question
of time, right, timing that's the hard part because you
can see all this bullish stuff and the macro sometimes
on the chart, but no one can tell the timing.

(10:32):
That's the that's the challenging part, and this is where
you got to be patient. But you know, there's a
saying time in the market is better than trying to
time the market right. So incredible what we're seeing now,
speaking of banks, Brazil's largest private bank advises investors to
allocate three percent to bitcoin in twenty twenty six. So
we're seeing banks and the largest financial institutions around the

(10:55):
globe telling people to invest in crypto, launching crypto services.
It's pretty incredib Now, I'm probably going to butcher this name,
but ITAO Asset Management, if that's how you pronounce it.
The investment arm of Brazil's largest private bank, Itau Unibanco,
has recommended that investors hold one to three percent of
their portfolios and bitcoin next year. In a new research

(11:18):
note ITAO Assets, Renato E said that the global backdrop
of geopolitical tension, shifting monetary policy, and persistent currency risk
strengthens the case for adding bitcoin as a complementary asset.
He called bitcoin an asset distinct from fixed income, traditional
stocks or domestic markets, with its own dynamics, return potential,

(11:41):
and due to its global and decentralized nature, a currency
hedging function. So we know it all starts a biitcoin,
then they go to all coins, right, so this is
a great start. The train has left the station, and
eventually they're going to all move to all coins. E theorem,
Solona XRP and much more. Now look at this Yo

(12:01):
Labs YO Literally, Yo Labs raises ten million dollars to
scale cross chain crypto yield optimization protocols. So the investing continues.
The capital is flowing into the market, guys, So we
are seeing a lot of investments. So Yo Labs has
raised ten million dollars to expand its crypto yield optimization
platform YO protocol across multiple blockchains. The protocol automates yield

(12:24):
generation by rebalancing capital across DeFi protocols, factoring in risks,
and offers access to various assets. The funding will help
improve YO protocols infrastructure and expand its reach, positioning it
as core infrastructure for FinTechs, wallets and developers. So good
sign that people are investing in building and expanding in

(12:46):
much more, guys. Final news item here, I have officially
added the Canton network token to my portfolio to ticker
as CC. Now, as always, do your own research, don't
invest because I'm investing. But I always tell my followers,
my listeners and many of you that what I'm what
I'm holding in my portfolio. Right, So I'm letting you
know that I added this token to my portfolio, so

(13:08):
I've been highlighting the news and who's behind this. A
lot of Wall Street firms are building, so I've been
highlighting who's behind this firm. I interviewed the CEO of
Digital Asset, the firm building this, and you know, there's
folks like Citadel and Goldman, Sachs and much more who
are backing this. So that's why I'm taking a bet
on it. I looked at the adoption and their use

(13:29):
primary use cases. They're building a public blockchain that has
native privacy built in so they don't need any third
party solution to be plugged in, so that's the unique
feature here. And they're building for institutions. So again I
took a bet on it. It's available and uphold one
of my sponsors so you can check them out. You
can buy this token and uphole if you want. And yeah, folks,

(13:49):
I added my profilio and once again, do your research.
Don't just go blindly invest because I'm doing it right.
So I want you to be smart. I want you
to be educated about what you're investing in. And I'm
on this project, but doesn't mean you have to be
you know, if you do your research and say, you
know what, I agree with you, Tony, I think this
is something to look at, then you know, go for it.
But this is a project that I think is going

(14:12):
to do well, but I could be wrong. So, folks,
just letting you know in full transparency that I hold
a token and no, I don't have any inside you
know connection. I don't have any you know, special rate
or anything. You guys know, I don't do stuff like
I literally bought it on the exchange. I think I
got in just below seven cents right now is training,
you know a little bit over seven cents. So if

(14:35):
you want to learn more, you know, obviously you do
your research there, folks, Thank you for watching and listening.
Be sure to support the podcast by subscribing to my
free email newsletter. It is one hundred percent free. 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 you need to
know about crypto. Folks, thank you for tuning in. I

(14:55):
appreciate you all, and I'll talk to you all later.

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