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I've got huge all coin news. Three guys, ripple and cardono are teaming up. I'll share what bread golden house and Charles husband had to say today as X R, P starting to break out on its chart, as liquidity flows through the crypto market and someone has filed for the first h bar spot etf.
This is big and i'll share some big hearings that took place in dc today around stable points. Let's get into IT. hey everybody welcome into the thinking crypto podcast your home crypto currency news and interviews under your host tony edward on your weight in the police that that subscribe but ton as well as a thuma button and leave a comment below if you're listening on a podcast platform such as spotify apple please leave a five star rating and review folks that start with big coin as i've been telling you guys we were due for a cool down a pull back a healthy one because we can't go to a hundred k or one hundred and fifty k without building support levels along the way up i've been saying this uh over the past few days as well as in my newsletter so this is anticipated big coin cooling down currently hanging out over eighty seven thousand dollars once again very healthy IT could go lower if could test a d k but that would be normal guys and we've seen this before you can have this type run up without some sort of cooling down in the building of support levels but what were certain cy is the liquidity from bitcoin is cycling through the market now are there outliers that move without bitcoins a liquidity sure like salona sala has been ripping right but for majority of all coins the liquidity flows down from bitcoin and guys on the x r p chart we're seeing a break out here very good sign and this is why been telling you guys i even mentioned IT in the live stream yesterday to be patient the liquidity has the cycle through the bull market works in phases IT doesn't happen over night IT doesn't happen in just one a week IT happens over a months so you got ta give time you have to be patient let the liquidity flow through but good sign for x rp here IT touched over seventy one cents today and it's a very similar break out the cardinal had recently uh you can see here look at the cardinal similar move to the city blue chip coins and once again the liquidity has the cycle through and look are many different big traders and analysts are recognizing that x r p is ready for an explosive move here m m crypto christ mm crypto who i recently had on the podcast he's not some x r p fan but he just does chart analysis he primarily trades big in in a theory he said x r p is breaking the four year triangle so him and other analysts were not bias they are not x r p specific people they are not big holders x r p you're just looking at the chart and the chart is telling us the stories so all coin's are waking up and that is a very good sign and it's what we've seen historically in the bull market big coin will steal to show but then all coins will follow and many times we see all points are performed bitcoin by the end of the bull market now bitcoin is the least risk as acid in the crypto market right uh those coin and me coins and some all coins are just created last week whatever are very risky sure you can make money on IT but many of these are like walking into the casino and on black on the reality table so you have to understand the dynamic and what's happening here folks now here's some very big news remember we were talking about charles housing in a previous episode where he mentioned he will be working with the truth campaign to help get crypto policy through and that he wanted to uh build a bridge back with the exact community and possible have r l u s d to the report stable we put on cardono well apparently the talks are emotion he tweed out today i just spoke with brad golden house that repeal CEO he is a great CEO an extremely collaborative and i'm excited to see how the future and false bad then resulted him saying thanks for the kind words charles now is the time for the crypto community to come together push for a level playing field and clear rules of the road a rising tide lives or boats so guys i love this i love this collaboration i think uh ripple will benefit in having its r l u s e stable coin on the cardinal blockchain and cardona will benefit from that with more liquidity more transaction body mouse law more participants more activity more adoption to the block chain more valuable IT becomes and i'm sure they are gonna collaborate on cricket policy and working with the trumpet administration and so forth very good sign folks this is what we want to see and i'm going to try to get trials on the podcast to ask him about the plans and what else is going on now can funds remember they're been filing for etf such as x r p etf and so forth will they have filed for an h bar etf a bi t f and h this is following their launch of the h bar trust in october so we saw this coming but they have ve officially followed s c c very bullish i am in each bar token holder i'm a cardono token holder and am an x r p token holders so exciting times ahead now if this was early in the year people would say uh no we don't know what the chances here because guess ers in office as well guess what against is gonna out we are expecting possibly this week his resignation letter uh or maybe next week we'll see but we know he's done and that uh donal trump whose the president like will be putting in a new s c c chair who will be procreate though he will have a decrypt adviser in the government and all that stuff so things are gona be very bullish as we had to twenty twenty five and h i expect the spot e t s to get approve for x r p salona h bar and so forth and even basic t t s right i just recently had the had a research of grey scale on the podcast and he talked about their index etf which includes like the top ten so IT has long IT has x r p and so forth so are incredible stuff guys i am so bullish ed and a great place where you can buy sell h bar x r p and cardono is on uphold which is an exchange i've been using for years uh in fact i think i started using them in twenty eighteen there are great platform to have big coin all the top of coins they have three hundred plus script of currencies they're availability in over one hundred and fifty countries they support many fio tt currencies uh they have a great APP it's easy to use and folks are they don't commingle or lend out your crypto to funds they are one hundred percent reserve and you can review the transparency reports and they have a lot of great features such as a u s the interest account where you can park your cypher profits or dry powder and earn up to four point nine percent a p y so uh that's really great and best of all there's no up terms you don't have to lock up your money and you can access that you can access IT anytime you can withdraw IT and put IT in at any time there are no mouthy fees and it's fdi ensure its so that's a really great service that i'm using and if you you like to learn more about uphold visit the link in the description now check this out guys are the digital chamber and a bunch of crypto industry folks met with the federal reserve governor bowmen or woman and to talk about stable coins is the title of the report how stable coins are extending the u s dollar dominance a policy makers guide to action i believe stay coin regulations are right around the corner and uh nick carter was there whose of course part of castle island venture fund he has a fund and jack mcdonald rip is there we know poles looking to launch their r l u s stable coin so this is very very good you in order to get a stable uh through and and get regulations to you need to treasury and the federal reserve to buy and right the people who control the currency as so you gotta meet what they had with snake here so this is incredible stuff guys things are moving ahead at a very nice pace here now today we had two big ceos on c n b c first was a brian armstrong of coin was lad of robin hood and um i'll play a clip of what brian on strung at to say and you know obviously home base is the largest exchange in the u s IT is a publicly traded company IT is fighting against the s c c of course.
hey what's up as one more of the rama you know a lot of us don't think twice about our tech millions of americans struggle to connect to today's digital world and that's why this story i really hit home for me i mean i start thinking about my upbringing in myself growing up in a world where you know you need IT every possible tool or help you could get to actually allow you and afford you a bigger dream that's why i know what a t n t been doing doing something amazing they have launch an effort to equip twenty thousand students with laptops backpacks and school supplies see out of for example they provided two hundred and fifty laptops and backpack to kids who who really needed them now you might think like okay two hundred and fifty kids that's nice you know but but i stopped to think for a second like the impact of what this could do for our community imagine you know two hundred and fifty kids getting that can help it's it's it's huge it's not just happening in seattle right att is doing IT all over the country i'm just proud that a t is connect the next generation to the rider future and.
very special necking changes everything.
eighty eighty.
and had donated a lot of money to the crypto al packs which are spent in the election so let me read a a quick quote here i won't play the entire clip because it's over four minutes long he says we need to have a clear path for people the registered to the security for the last four years the door has been shut in our face it's really the dawn of a new crypto error with this election because it's the most procyclical congress ever let me play uh short clipper for you guys.
there's about one hundred things i want to ask you but let's just start with with what's happening in crypto post this election and and maybe it's the same question i asked of that earlier as you sort of look out on the horizon now given present electrum p and his administration his ambitions and plans what is IT that you see happening exactly.
yeah good to see you andrew i mean one of the most exciting things about this new congress which is the most proscriptive congress ever is that i think we finally have a chance to get some regularity clarity in the us about some of these big open issues that You Frankly, under dr. Gangs lor, we just haven't gotten clarity for a long time.
So which of these assets are commodities? Which of them are security that requires the sec and the cft C2Come tog ether and col laborate on rem aking or to hav e con gress rea lly ste pped in pas s new leg islation. So there's opportunity to do that. The fit twenty one bill, which passed with strong bipartisan support in the house earlier this year, it's now making its way through the senate. And with any luck, we'll get i'll get that past through the senate and make IT to the president's test either in the lame duck or early in the .
trump administration. Brian, we've obviously seen bitcoin move materially obviously, in the past, past week, really even even more so even before that given given sort of the run up and maybe expected the present, trump was going to win the selection. When you think about the other currencies there, the ones I would imagine at this point that have the bigger room to move or no.
well, no, I think bitcoin will be the most important cyp to acid for a long time. It's got a lot of run way to move as well. But what's exciting about this coin fifty index that we launched is that people are increasingly becoming aware that it's not just about biton.
There are dozens, hundreds of different assets ency photo that are now they've met our listing standards, they've made IT onto our exchange. And actually there's thousands of these being created everyday, believe that are not. And so some of these are there know coins like town and world coin, which are being used in emerging markets.
There's things like in the device space, right, like unus that people want exposure to or the things that are later to solutions are being built on top of like optimism. I think we're eventually going to get to a world where ther's millions of these tokens, you know, every project, every individual, every meme on the internet is going to have one of these. And of course, every company, when they want to raise money, as we get regular clarity around security and and have a clear path for that, they should be issuing these coins as well. And so increasingly, people are gonna broad market exposure to crypto. It's gonna the next version of the stock market, but it's also the next version of the internet.
Wow, really big stage ends from brian there. I love what he said. It's the next version of the stock market. And of course, the internet we're headed in or we are in web three as the block chains are sitting on top.
The internet now to move value and how we transaction with each other and much more now get some very interesting statements from glad Robin hood, C. E. O.
He said IT costs us roughly an order of magneto, the less to Operate cryo currency business and offer the exchange of assets that IT does on the trade. For high side, that advantage is underived. Wow, wow.
W books. Robin hood started off with stocks and equities, and the C. E, O went on, T, V, and that crypto is Better for their business.
And of course, crypto is a global asset class. Uh, IT is twenty four seven. IT doesn't sleep.
There's no holidays are closing bell and opening bell, no weekends and all that stuff. So what a bullsh statement. And I think all of all trees watching their recognizing what's going on.
That's why blackrock etf has been sucking up a coin theme. Etf have been performing well and way till the other all coin's have etf guys. It's incredible. Now speaking of etf coin base launch, what's call coin base fifty index or coin fifty? They said a new way to track the performance of the ecru pt o economy, the benchmark representing the top fifty algic digital assets, all in one easy to follow index.
This is such a smart move by coin base, and this is the great things that are being put together to uh have people to get exposure to to index as verses. They have to pick individual uh crypt al assets. They can just buy a basket.
So going fifty index builds on a three year track record of coin base asset management index experience and has been developed in partnership with market vector. Every acid in the index is listed and accessible on coin base exchange, which meets a rigorous wedding process that evaluate assets against strict legal complaints and security standards. Eligible institutional and coin base advances, users will be able to trade the coin base fifty index via a coin fifty perpetual future on the coin base international exchange point.
Fifty perp is available in select indications outside the U. S. U. K. In canada. Now the reason why they haven't launched IT in the united states is because of lack of clarity, but we know that's going to be a coming around soon in the folks in these jurisdictions will be able to excessive. So really smart move here by coin base. Final news item here, altera fox business was highlighting the following with regards to Elizabeth warn.
Charred Brown, who is a general in her army, has been kicked out and mark Warner, uh, says he plans to stay in the senate and he's also one of the entire cricket army folks uh but he said senator aliza with morning is now all about guarantee to be ranking to be the ranking member of the senate banking committee next year as uh senator 10 od Brown exits and mark Warner confirms he plans to stay on the senate entire community senator tim Scott will be the likely choice for chair so a couple things here um despite the encrypt entire pto army being destroyed right the right Brown outs and all these guys have lost big time in the house in the senate uh warn will still be around。 However I don't think in matters because guess what SHE can do anything without dancer. Dancer was her dim on the league doing whatever the how he wanted, right he was the one sending a lot of the enforcement actions and without charred Brown and all these other clowns uh if he doesn't have the the same power and she's lost a narrow big time and the election right of a lot of democrats are not going to a line with her at all.
We saw already this year before the election, Roger Marshall and a bunch of other people started backing on a bill. So she's done. I don't think we will hear senator levin talk about at all.
It's been such a failure on her and and I think a big part of White democrats lost the election was, uh, crypto because critical was the biggest spender in this election. And uh, I looked there was other issues. Obviously, i'm not saying Crystal is the only reason, but it's certainly one of the reasons for sure.
So I don't think a warn sticking around matters. And if he does try to do anything, we have the most proper pto congress ever um and both democrats and republicans are supporting crypto in the house in the senate. Good luck.
And as a beforn, go go. Why did you go retire or gary, you guys go off to some island somewhere in, don't come back, guys, let me know. Do you think about this news? Leave a comment below.
And a great way you can support me in the podcast, guys, is by subscribing to my free email news that is one hundred percent free link mini description also have copy in my book, rethinking cryptozoology on amazon and paper back in digital. Uh, if you bought a copy, please leave a five star rating and review IT will really help me out. Thank you guys so much, and i'll talk to you all later.