Episode Transcript
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Speaker 1 (00:04):
Hey, folks, Welcome into the Thinking Crypto podcast through home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please let that subscribe button as
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We have some huge news around digital asset treasury companies
(00:26):
and one is with XRP and Ripple and the others
with Etherorem. Let's start off with Ripple, So Ripple Labs
leads a one billion dollar raise for new XRP treasury.
So on this podcast, we've covered a lot of digital
acid treasury companies, many of them investing in bitcoin, Etherorem, Solana, Avax,
bn B. Most recently, I shared some news around that
(00:48):
and there was one company that did XRP and that
was Vivo Power. We heard about another one but we
didn't get confirmation if they've actually executed on it. So
this trend continues. We've talked a lot about it at
No Where. This is very good for our bags that
these companies are buying the assets we hold. Right, you
have the supply and demand economics playing out plus the
(01:09):
public mainstream announcement. Right, these companies are saying, hey, we're
buying x amount of ether or XRP of whatever, and
we're spending billions. Right. We see Tom Lee, he's going
nuts with bitmine, and of course Michael Saylor is leading
the charge with bitcoin. And this is a global trend, folks.
We're seeing a lot of companies across the globe doing this,
(01:29):
and like I said, very good for our bags. I've
often issued the warning though that come to bear market.
I don't know how many of these companies survive. I'm
not saying all will crash or all will die. I'm
just saying the nature of markets, we should we could
see some of them collapse. However, with that said, we're
going to ride the wave of them buying and pumping
the price and doing their stark arbitrage. So let me
(01:50):
give you the details here. Ripple Labs is leading an
effort to raise at least one billion dollars to establish
a new digital asset treasury for XRP, Bloomberg reported, citing
sources familiar with the matter. According to the report, the
fundraise is set to be made via a special purpose
acquisition company or a SPAC with Ripple contributing its own
XRP holdings. The details of the rays and transaction structure
(02:13):
are still being discussed and remain subject to change. The
report set. The Block has reached out to Ripple Labs
for comment. While Bitcoin and Ether have dominated the crypto
market narrator this year, particularly around institutional adoption, XRP has
gained notably less traction as a base asset for dats. Now,
like I said, there's only been one company, Vivo Power,
(02:34):
that was confirmed that they are actually doing this. But
here the report says, if successfully established, the new entity
could become the largest digital acid treasury dedicated to XRP.
In June, Singapore based Trident Digital announced plans to raise
five hundred million dollars to bill an XRP treasury. Now
we haven't gotten confirmation on that yet. I know Vivo
(02:55):
Power they're like in the two hundred and fifty million range,
so this would be and largest. So let's see how
this plays out. Like I said, guys, this is very good.
If these companies are buying the acid you hold, whether
it be bitcoin, XRPE, Theoreum, Sowana, whatever it is, and
I have all those in my portfolios. So this is
very good. And like I said, it's not just that
they're buying, but they're making the big media headlines and
(03:17):
this will all help drive the prices higher. So this
is very bullish news if you hold XRP and if
you hold Ethereum. Here's some more bullish news Toobi founder
Lee Linn to lead a one billion dollar Etheroreum treasury firm.
So Lee Lnn, the founder of Goobi and chairman of
the Hong Kong based Avenir Capital, is spearheading a new
(03:39):
one billion dollar Ether trust alongside several of Asia's most
influential early etherrem investors. According to Bloomberg, the group is
in talks to acquire a Nasdaq listed company to structure
the vehicle, with a formal launch expected in the coming weeks.
The move comes as institutional appetite for Ether grows, with
public companies already holding over four point four million eight value.
(04:02):
That's sixteen point nine billion dollars coin get go data
shows that's incredible, folks, amazing, amazing stuff here. Again, this
is very good for our bags, and you know, one
of the things you want to look at. In addition,
to charts and on chain data and macro factors. It's
the adoption, right, So if these firms are raising this
(04:23):
amount of capital to buy these assets, would they be
doing that if we are entering a bear market where
the prices are going to keep collapsing, right, So this
is where you got to put your thinking cap on here.
I do believe we are still in a bullmarket, as
I've been saying, despite the volatility and corrections we're seeing,
and I've given the different factors check out yesterday's podcast. Right,
(04:45):
we are going to see the rotational liquidity from gold
into crypto and stocks, and we are in a macro
bull market for all assets we have been over the
past couple of years. So this is very bullish news.
Billions of dollars worth of the assets we hold in
ourorfolio of getting bought by publicly traded companies. Now, folks,
a great place you can buy, sell and trade. XRP
(05:07):
and E theorem is an uphold. This is a platform
I've been using since twenty eighteen. They have over three
hundred cryptocurrencies. They offer staking on twenty plus crypto assets,
so they are a great place where you can stake
your assets. And folks, I've been using them for a
long time, like I said, since twenty eighteen, never had
any issues, any problems. They've always been reliable and folks,
they are fully reserved. They don't commingle or lend out
(05:29):
your crypto assets and you can review their transparency report
on their website. They also offer great products and services
outside of the normal stuff, like a rewards program. So
they have what's called Uphold rewards where you can earn
up to five point twenty five percent on stable coins
and part of the program you get twenty four hour
early access to new tokens they list. So the coins
(05:51):
they support includes Ripples, r L, USD that's a stable
coin of course, and USBC. Now you can earn up
to five percent on our LUSD and USB you earn
up to five point two five percent. In order to participate,
you simply have to open the app once per month,
deposit fifty dollars once per month, and trade fifty dollars
once per month. So very simple. You know, if you
have a DCA dollar cost averaging plan, this works out
(06:14):
great and you earn this amazing yield. And folks, I've
interviewed the CEO and the representatives that are doing this
the right way, no shady business, no nonsense. So I
made sure I validated that. So, folks, if you'd like
to learn more about Uphold, check out the link in
the description. Now look at this news. This is interesting.
Onto Finance they wrote a letter to the SEC telling
them to hold off on the Nasdaq's tokenized securities plan.
(06:38):
So you've got a bit of a battle between the
crypto native firms and the trad five firms who are
trying to, you know, adopt blockchain in crypto. And this
is very revealing and it's along the lines of what
we've talked about for years that a lot of the
trad five folks, they lobbied Elizabeth Warren and Gary Ganser
to try to kill these crypto startups and slow it
down because they're getting disrupted. So let me give you
(06:59):
the details on Though Finance urge the US SEC to
delay or reject Nasdaq's proposal to trade tokenized securities, saying
it lacks transparency and could give established market players an
unfair edge. In a Wednesday letter to the regulator, Onto,
a blockchain company that issues tokenized versions of traditional assets,
said the regulators and investors can't fairly evaluate Nasdaq's proposal
(07:24):
without public details on how the Deposit Trust Company DTC
will handle blockchain settlements. DTC serves as the main depository
for US securities and facilitates their post trade settlement. While
acknowledging support for Nasdaq's move towards tokenization, Ondo warned that
Nasdaq's reference to non public information implies differential access and
(07:48):
deprives other firms of a fear opportunity to comment. So
I certainly back onto on this, and we want as
much transparency as possible. We don't want Tradifi coming in
getting spect rules and you know, being able to leave
frog unfairly. Now, if you have a free market and
whoever builds the fastest and builds the best product, that's fine.
(08:10):
But if the Nasdaq is doing something that maybe crypto
companies can't, then you know, we need to sort that out.
So let's see how this all plays out. But it's
very interesting now look at this news. Tempo Stripe's new
blockchain hits a five billion dollar valuation in a five
hundred million dollar funding round. This is the first time
I'm hearing about this. Stripe is, of course a massive company,
(08:31):
in the payments world, and they're building their own layer
one blockchain. So I think we're going to see a
lot of this. Some firms are gonna build layer twos
like on Eth and other things and other blockchains, but
some are going to build their own. And you know,
one of the projects I've been telling you guys to
watch is Canton Network because that one is backed by
a ton of banks. I interviewed the co founder and
CEO of the company that is building that, and folks,
(08:54):
that's a coin I'm going to look to invest in.
I'll let you guys know when I do. It's currently
not listed on exchanges. But anyway, let me jump back
to the story here. So Stripe's blockchain project Tempo, raised
a five hundred million dollar Series A round led by
Green Oaks and Thrive Capital, valuing the payments focused network
at five billion dollars according to Fortune. Sequoia Capital, Ribid Capital,
(09:18):
and Ron Conway's s v angel also joined the round,
while Stripe and Paradigm did not contribute additional capital. A
person familiar with the deal said the news comes less
than two months after Stripe, a Global payment's fintech giant
unveil plans where it's new layer one blockchain in partnership
with Paradigm, a venture capital firm that invests in crypto
(09:38):
and web three startups. On September fourth, Stripe CEO Patrick
Collison rode on x. As the use of stable coins
and crypto more broadly grows across Stripe, Bridge and Privy,
we found that existing blockchains are not optimized for them.
We think of Tempo as the payments oriented layer one,
optimized for high scale, real role of financial applications. He said, Now,
(10:02):
what we'll have to wait and see is this a
public blockchain, will they have a token? And much more so,
I'm going to do my research there, and you know,
is this possibly a coin or if they have a
coin that I would want to invest in. Sure, Actually,
it looks like the article hints at some of things here,
he says. While Stripe hasn't disclosed plans where a native
Tempo token, the blockchain focus on payments infrastructure puts it
(10:23):
in a competition with several stable coin issuers already embedded
in the global payment system. So we don't know if
they're going to have a token, but if they do, folks, again,
we're going to do our research for the next bull market, right,
because I don't know if they launch a token now,
if it does really well, it just depends on when
they launch it, right, the re launch it after the
market tops. So I'll let you guys know about all
(10:45):
those things. You know, I don't like to buy into pumps.
I like to wait when there's blood on the streets
and buy to load so I get the most return. Right,
So these new coins by these some of these institutional investors,
I'm going to be here in my news that are
on the podcast telling you, hey, I'm buying this. Obviously
not financial advice to your own research. I'm just sharing
my plan in being fully transparent. You know a lot
(11:07):
of the channel members have access to my portfolio and
Google docs. So I'm flagging this to you guys, right,
this is something we want to look at Tempo and
I mentioned Canton Network earlier. Now, in addition with the
folks that stripes Tempo team, they got an Etherorem Foundation
veteran Dan crad Feist probably butchered his name, but it
(11:27):
looks like they're bringing on people with the expertise, right.
So he's a longtime Etherorem developer and he's joining Tempo.
So Stripe is not playing around here. You know, they're
proaching the talent, they're getting the capital. These are these
are things we want to watch as investors, right, We
want to watch closely and be prepared to take our position.
(11:47):
All Right, We got some news here around Arthur Hayes.
So Bitmech's co founder's family office seeking two hundred and
fifty million dollars for private equity fund. So let me
give you to details here, Maelstrom, the family office connected
to bitmx co founder Arthur Hayes, is reportedly looking to
raise two hundred and fifty million dollars for a private
equity fund aimed at acquiring crypto companies. Some more capitals
(12:11):
coming in, folks. According to a Bloomberg reporter on Friday,
the fund plans to use forty million to seventy five
million dollars for each acquisition of as many as six
crypto companies, with funding expected to be completed by September
twenty twenty six. Sounds like they're, you know, looking to
get ready to buy in the bear market, right. I
(12:34):
anticipate this market would have already topped by September twenty
twenty six. So that's when they'll close the fund, you know,
once they've hit the total funds. So this is why guys,
we are reading, we're paying attention what moves, what there
signals we're seeing out there from these big players. But
clearly more capital coming in. And you know, a lot
(12:56):
of these investors they not only invest in the token projects,
but the company is building the infrastructure, the picks and shovels, right,
So very interesting. All right, look at this news. The
token economy continues to expand globally. Japanese megabanks to jointly
issue yen peg stable coin. You know, to some people,
this is all a scam. Who needs stable coin, who
(13:18):
needs crypto, who needs blockchain? They don't understand. They're not
educated about how things actually work in the world, and
what is happening with swift and why money doesn't settle instantly.
It takes days and weeks sometimes when you're talking cross
border and much more so. Three of Japan's largest banks
reportedly plan to jointly issue a yen backed or again
(13:38):
peg stable coin, contributing to the region's growing adoption of
crypto technology within its financial infrastructure. Nike reported on Friday
that Mitsubishi UFJ Financial Group, Bank, Sumitomo Mitsu Banking Corp.
And MIDSU Bank plan to modernize corporate settlements and reduce
transaction costs through a end based stable coin project built
(14:02):
on mufg's stable coin issuance platform programat interesting. So, folks,
I hope you see what's happening here. I've been beating
the drum telling you guys the future markets, economies, and
governments will all run on blockchain rails. And what you
want to look at is which blockchains are doing that
(14:23):
on and grab up those tokens. Not at the top
of the market when everybody's scared and there's blood on
the streets, kind of like right now where people are fearful.
It's over doomtown, blah blah blah. Right, that's the time
you want to buy. Obviously, do your own research, right right.
I'm not telling you to go out and buy because
I said so, But I'm just pointing in the right direction,
(14:44):
pointing you to the information and showing you the full
landscape of what's happening, and then you make the decisions
with your money. Obviously. Here's another example. Ghana Central Bank
targets December to have crypto regulations in place. Man, when
I step back and I see what's happening, and even
(15:06):
countries you wouldn't think that would be trying to adopt
crypto because of their history with their central bank and
their economies and how they abuse fiant And you know,
if you get to some of these countries in Africa
and look even Latin America, right, they printed so much money.
You got trillion dollar bill notes and much more. It's wild, right,
but they all recognize where the puck is heading. And again,
(15:29):
future markets, economies, and governments will all run on blockchain rails.
And you know, as I shared in yesterday's podcast, what
the IMF director said, get on board except reality this
is here to stay, right that crypto. She was talking
about crypto and the digitization of money and much more so,
we are seeing capitulation across the globe from the biggest dominoes. Right. So,
(15:52):
Ghana Central Bank aims to have crypto regulations in place
by the end of the year, with the West African
country advancing a bill to parliament and just a week
after Kenya passed its own bill regulating the industry. Johnson Asiama,
the governor of the Bank, of Ghana said at the
International Monetary Funds meetings in Washington on Thursday that the
(16:13):
country had done a lot of work in the past
four months to put together the regulatory environment and create legislation.
The bill is on its way to the parliament and
hopefully before the end of December, we should be able
to regulate cryptocurrencies in Ghana. He said. Folks, you need
to say anything else, right, make sure you have a
(16:35):
macro view on this market, because if you are caught
up too much in the micro, you're going to get lost. Right.
There's a lot of volatility, but that's where the opportunity
lies because we're so early. It's not a mature asset
class like goal over the stock market, and that's why
there's so much upside. And obviously when we go to
the downside, you know, it's like a pendulum. It swings
(16:57):
very low, but it swings high when and that's why
you make the gains that you make. That's why bitcoin
and crypto has to outperform other asset classes. Right, It's
what Paul Tudor Jones said, it's the fastest horse in
the asset race. So, guys, if you appreciate this content,
please please be sure to sign up for my free
email newsletter. It is one hundred percent free. It's on Substack.
(17:20):
Link will be in the 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 you need to know about crypto.
Once again, check out Mycrypto course dot com. Folks, thank
you so much for watching and listening. I appreciate you
all and I'll talk to you all later.