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I've got huge news for you. Another state pension fine is investing in big win N N etheria E T S and Robin hood cracking and paxos are gonna launch a super stable coin. I'll share the details with you and europe's largest telecom company is looking to mind big coin. This is big. Let's get into IT.
Hey everybody, welcome into the thinking crypt to podcast your home for gypt to currency news and interviews on your host tony Edward on your way in please that that subscribe button as well as a thuds up button and leave a comment below if you're listening on a podcast platform such a spotify apple, please leave a five star rating and review folks. Right now, bitcoin continues to struggle as the election uncertainty is looming ing over us, and we need this election to be done with so that the markets can keep moving up. But bakin has not invalidated the higher highs and higher lows that it's been building.
Stair stepping its way out of the boring zone. The good sign is that dx I is breaking down and that is what we've been waiting for. And we needed to go below one hundred where IT will be full risk on.
But I think within a weeks time, with the election uncertainty out of the way and the dxy continuing to break down, that's gonna good for big and the all points. So we have to be patient guys. It's annoying, I know, but we get to be patient.
And one things for sure, the smart money continues to buy. We are seeing epic buying of big coin and e thum E T S the wall street uh bakin etf issues like black rock. So Matthew le a vanity highlighted that the first state pension fund buys e theme.
E, T, F, state of michigan follow a thirteen f, disclosing new eat etf holdings becomes a top five holder of each. And E, E, 啊, incredible stuff, folks. We are seeing massive adoption.
Erb tunes waiting on the news, adding the following, not only the michigan pension by either E. T. S, but they bought more than they did a bitcoin.
E, T S, ten million dollars vers seven million dollars. This despite bit in being up a ton and either in the guta, pretty big win for either which could use one. So folks, smart money buys the dip, why they buy the lows and sell the highs.
Unfortunately, people who are not financially educated, who don't understand markets and cycles and charts and so forth, they come in with the dumb money crowd buying the top. But this one could argue a great position to take for if IT is down significantly. You look at the if bitcoin chart edem is bleeding, you look at the salona if chart eat is bleeding, right? But IT will have a day, and so will many other, all coin.
So we have to be patient. We have to take our positions and pay attention to the charge, pay attention to the fundamentals and the mrs, not a emotion. So this is very bullish, guys.
And remember game theory, one state does IT gonna see many others follow suit. And then you could eventually see the federal government add big coin to its baLance sheet. So that is a proposal, Donald trump in senator since the put forth.
Now check this news out. This is massive Robin hood crack in paxos. And other cypher firms are launching a stable coin, any firm called global dollar, or U.
S, D G. Folks, the stable coin market is heating up. You, of course, have tether, which is the market leader.
You have U. S, D, C, which is the second large. You have paypal.
S, P, Y, U, S. Ripples on the way with an R, L, U S D. 啊。 Now you have Robert cracking in.
These folks are launching their own silicon. Remember, we heard rumors of this about a month ago. So IT is amazing, was taking place.
And recently, stripe acquired bridge for one point one billion dollars, which a bridges as label coin infrastructure company. And that was the largest acquisition in crypto or in decypher u. Industry ever.
So amazing stuff. Let me give some details here. By the way, i'll be interviewing the CEO of paxos very soon. So of course, someone to asking me about all the details here. So the U.
S, A, D, G stable coin is issued out of singapore by axel and is broadly ly in line with the, with the monetary authority. Singapore is upcoming stable coin framework. Income derived from U, S, D G reserves will be shared among the initial global dollar network partners, which are encourage digital bullish galaxy, digital cracking in new vay, paxos and Robin hood.
Some very big names here. And that makes sense that they are are collaborating and forming the super stable coin, if you want to call IT that. So uh, but they are doing IT at the singapore, and could be they are waiting for clarity here in the united states, but IT will be very easy for them to push you through.
This is on blockchain, right? So it's not hard. So very fascinating. So paxo C. E. O Charles casella said, this is meant to be really a community token. Anybody can join the global dollar network and a crew rewards for activity or distributing something like ninety seven of the economics. That's a big difference from how other stable coins have been set up and created today.
So folks, the competition is heating up and that's good for ers and users, right? Uh, h IT puts everyone on their tip of their toes that they have to do things, right? They have to make sure their eyes are dotted, their teeth a across and much more.
And like I said, i'll be interviewing trials very soon, so i'll get you all the details, make sure you subscribe. Folks will quick word from our sponsors continue. And that is a bit go, which is one of the top tier cyp to coastal ans.
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That's the more head swe twenty one shares. So big go helps the custody some of the big point in etf assets for twenty one shares and nike users bit goes wallet service for uh their nf, and they also have a self hosted wallet for retail. So you can check that out and big go spin around for many bull and bear market cycles.
They have insurance. They're trusted and much more. So if you'd like to learn more, got a bit go out. Com link will be in the description. Now check this news that europe's largest telecom provider, downshift telecom, to test big coin mining for a surplus energy guys.
The adoption that we are seeing is mind blowing and IT makes me so abolishing this is from their website and official uh press released from their website guys incredible. And I am waiting to see more companies, especially energy companies, do this as bitcoin money becomes a way to monetize wasted energy or blow off top energy and surplus energy. And I think that makes economic sense.
And I know regulations are usually one one aspect, but I think we're going to see some very big names jumping into the mining business. guys. It's gonna be fascinating. But I mean, come on, this is incredible. You have etf, you have companies putting big win in the baLance.
You you have countries buying big win as a reserve asset, and you have companies looking to mind IT and even energy companies using looking to mind IT with their surplus energy. So incredibly bullish stuff. Now guys, tomorrow, of course, the is election day.
And we know crypto o has been a big spender in this election cycle. And many anti crypto people are losing in in the polls and and they are going to lose the elections. We started seeing this on super tuesday and as well as the primaries and h, you know, these reports that this upcoming congress will be the most programs to ever.
Well, the critical energy is not stopping here, guys. They are continuing to donate money. Coin base recently donated another twenty five million dollars, while critics in of a sixteen z said today we're contributing over twenty three million dollars in additional funds.
The fair shake and its a fillide packs for the twenty twenty six mid term election cycle. No matter what happens on election day, we are taking a long term approach to our policy efforts. So you come against script or you're gona lose.
The industries is not putting up with the nonsense any morning in a way, Elizabeth warn and gary cancer um there nonsense entire pt, the army garbage in a way, uh really brought the crypt o industry together to fight back against those people who uh clearly are puppets from the traffic bies trying to slow the startups down um and they are spending and they are fighting back. And we got more members of congress. We got bad partition support of cyp du and legislation around the corner.
So this is incredible stuff. Now speaking of Elizabeth morn, remember, uh, we covered, I think, just a couple days ago that power wall of coin base highlighted that they sued the F, D, I C to get the four request of a documentation around Operation choke point two point o while the judge moved in quick order here, and paul says in record time, the judges in our F D, I C for your case has ordered the agency to produce the Operation choke point two point o pause letters. We appreciate the courts consideration so much needed sunlight is on its way.
And folks h, as i've been telling you all, I spoke to people in D. C, and they told me about what took place. Uh, this is all Elizabeth warn.
I know some people like, oh, I was biting into biting is just following Elizabeth n because he cut a deal with her up for her to drop out the primaries and to give her this financial oversight job. And he positioned her people like against the S C C N T position, people, the treasury and the fed and much more. And they were doing her bidding and the whole anti crypto army nonsense.
But now it's going to get exposed, and there's gonna some lawsuits. I think that by anim, istra's really screwed up here. And Elizabeth warn, I tweet about the other day, many democrats are gonna angry at her because SHE bamboozle the whole bunch of them to do this and now they're onna feel IT in the elections going to lose out on campaign donations and much more so it's over for them um and here you know we often talk about crypto is a global movement, a global asset class.
And here pakistan is looking to legal ize crypt with new amendments to the S. B. P. act.
So we are seeing countries around the globe, some of which we don't usually hear about, and uh there may be small, may be big and is just fascinating. They're putting curbed legislation in order. So I hope you see what's happening here.
They're not banning IT. They're not following IT. They're putting the garage and place.
They're allowing IT to grow and flourish. And h, that's coming here for united states. Obviously, you are seeing etf being issued globally.
Many on and off ms big companies getting involved. It's it's incredible. I hope you see what's happening.
I hope you're bullsh. I hope you're not investing with your emotions and. Looking at the Price and saying, man, my coin is down.
Oh, no, right? A patient, patients, patients, patients. Now when IT comes to investing, there are various factors, right?
You have to diversify. You can put all your eggs in one basket. You have to look at the macro, you have to look at the fundamentals. So you can just blindly say, oh, I like this coin and you can have religious emotional attachments to a coin. I've learned that.
And when I move past that, uh, I was able to finally make money because is not about how I feel or what someone is necessarily telling me. But I study the data, I look at the charge, I look at what's going on. And if people are using conspiracy theories as their investment thesis, you Better stay far away from them.
Guys um use data, that's the important thing and you can go review that data. Um I I often try to share as much as I can here with you um and in in my newsletter as well. So guys let me know what you think.
Leave your thoughts and comments below a great way to support me. This subscribed to my free email netter on subset. It's a hundred percent free.
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