THE CLARITY ACT IS CLOSE TO PASSING AND WILL EXPLODE CRYPTO PRICES!?
Crypto News: Treasury Secretary Scott Bessent calls for the crypto market structure bill Clarity Act to be passed asap. Trump will attend meme coin event. XRP adjacent Flare proposes protocol-level MEV capture and 40% inflation cut.
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⏰ Time Stamps ⏰
00:00 Intro
00:25 Bitcoin analysis
02:17 Clarity Act Scott Bessent
04:46 Coinbase Morgan Stanley Bitcoin ETF
07:27 Trump Memecoin and World Liberty Financial
10:51 Gemini exchange Acquisition
12:39 Flare Network XRP news
13:46 Securitize IPO hire
14:51 SpaceX IPO Solana Bitget
16:39 Binance prediction markets
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#Crypto #ClarityAct #Bitcoin #CryptoNews #Cryptocurrency #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #Altcoins #NFTs #Metaverse #Podcast #ThinkingCrypto =================================================
The Thinking Crypto Podcast is your home for the best Crypto News and Interviews - crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, altcoin daily, cryptosrus, coin bureau, altcoin news, bitcoin today, markets, investing =================================================
Disclaimer - The Thinking Crypto podcast and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice. Note that links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can
Speaker 1: Hey, everyone, Welcome into the Thinking Crypto podcast, your home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please let that subscribe button as
well as the thumbs up button and leave a comment below.
If you're listening on a podcast platform such as Spotify
or Apple, please leave a five star rating and review. Okay, folks,
let's quickly talk about bitcoin because we are still range
bound in this sideways chop zone. It's kind of annoying,
but Bitcoin is slowly creeping upwards. We're near seventy three
thousand dollars, so we're going to see in the coming week,
could we see some more strength along with the stock market.
You know, everything has been kind of rallying on the
stock market side since the ceasefire announcement between the US
and Iran, but you know, that could be short lived.
That situation is still volatile. There's a lot of uncertainty there.
But our hope is that Bitcoin could continue this relief rally,
potentially touch eighty k or go higher then roll over
to the fifty k's. That's my thesis. Again, I could
be wrong, right, We're gonna look at different scenarios and
look at the probabilities of what has a likelihood to
play out. And here I'll share two point of views
from two separate analysts. One using Fibonacci analysis is calling
for bitcoin to rally higher than eighty k, possibly over
ninety k, which would put us at a six one
eight Fibonacci and then a big dump in fact to
to forty five K range before continuing higher later this year.
So that's one scenario. The other is this is just
simply a range bound sideways chop that retests the high
it hit about a couple of weeks ago, about seventy
seven thousand dollars, then it just dumps down to fifty
K range. So I'm more leading towards this that it
may overshoot and hit eighty k's look three thousand dollars
more right, seventy seven thousand, and then roll over. So
I'm in a camp of this happening, but we're gonna
have to wait and see. Markets can certainly surprise us.
And you know, I've been saying that I hope the
reallyef rally continues and has enough strength where you can
pull some all coins, but.
Speaker 2: That's not guaranteed.
Speaker 1: And one factor that could contribute to a rally potentially
over eighty k is some good news on the Clarity Act,
the Crypto Market Structure bill. So Treasury Secretary Scott Bessen
he put out an opinion piece on the Wall Street Journal,
and he tweeted out, Congress has spent the better half
of a decade trying to pass a framework to ensure
the future of finance. It's time for the Senate Banking
Committee to hold a markup and send the Clarity Act
to President Trump's deaths. Senate time is precious and now
is the time to act. So we've been talking a
lot about the timeline recently. The clock is ticking. If
we don't get some sort of markup done this month
and then you know we put should into May to
get the passing done, we're gonna have problems because it's
an election year, and you know time is going to
run out and people are not going to be focused
on bills.
Speaker 2: They're going to be focused on the elections.
Speaker 1: Right, So it's great that Scott Besston's coming out here
leading the charge, putting out the article on the Wall
Street Journal. But what's a good sign, and this is
what has me optimistic that something could happen very soon
because Brian Armstrong, CEO of Coinbase, retweeted what Scott Besson
said and said, we agree. Thank you Scott Beston for
saying it. It's time to pass the clarity at grateful
for all the bipartisan work among senators and staff over
the past several months to make this a strong bill. Now,
the banks have been holding this up because they've been
lobbying members of the Senate because they don't like that
you can go earn a high interest or yield on
platforms like coinbase. So we heard that some sort of
compromise has been completed. We don't have the details yet.
Coinbase is happy with it, and along with other industry players,
you know, we could get that compromise solidified and then
they can get this bill move forward, so that could
spark their rally in the market. So we're gonna have
to wait and see how it all plays out, but
that would be huge, very very huge. And again there's
a bit of a bier rumor sell the news event,
so we're gonna have to watch out for that. So
that's why we're going to continue to look at the
charts first, then the news. But this is very very
interesting and fingers crossed guys that we can get this
done this month and we have a big rally again,
not to new all time highs, but you know, just
a very strong relief rally, and it aligns with what
the stock market's doing and much more. Now, speaking of Coinbase,
this is very interesting. This week Morgan Stanley launched their
bigcoin ETF. Well, Brian Armstrong tweeted out that Coinbase has
been named as a custodian for the Morgan Stanley Bigcoin Trust.
He said institutional adoption continue regardless of short term price effects,
so he spot on. The building that's happening is at
an all time level. It's incredible, but the price doesn't
match because we're in the bear market. However, as I've
been saying, we get the Clarity Act pass in addition
to other legislation that's being passed.
Speaker 2: Around the world. You have all these big.
Speaker 1: Tradify institutions building on rams such as ETF and different
crypto products. What do you think is gonna happen the
next bullmarket cycle? It's gonna be incredible.
Speaker 2: I think the.
Speaker 1: Super cycle kicks off, guys, and we're gonna see new
all time highs. I think we're gonna see a much
stronger bull run than we just had, you know, which
was really lackluster. But we got to get through this
bear market. So make sure you have the long term view.
Speaker 2: Now.
Speaker 1: If you have the long term view, guys, a great
place to invest in crypto and precious metals is on
I Trust Capital. So I Trust Capital gives you an
IRA to invest in over ninety plus crypto assets, even
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get huge tax advantages. So many of you know you
incur capital gains taxes when you sell in a profit.
Of course, well you can reduce your tax implifications.
Speaker 2: By doing it via an IRA.
Speaker 1: And we know the US government itself is looking to
position crypto and four to one K so this whole
setup is coming right where a lot of money you're
going to be coming into the crypto asset class. So
if you are bullish on both crypto and precious metals,
you can invest via the IRA with I Trust Capital
and if you have an existing four to one k
or IRA, you can roll it over to I Trust
Capital's version.
Speaker 2: Now.
Speaker 1: I Trust also offers a premium custody account, and I
believe this is the second safest way to custody your
assets outside of self custody where you control the private keys,
because they use institutional grade cryptoc so to use coinbas Prime,
which black Rock uses, Fidelity Digital Assets, Fireblocks and many others.
Speaker 2: So great custodial.
Speaker 1: Service tier one institutional level and it's a closed loop
system so if someone hacks into your account, they can't
withdraw any funds guys, So it's really safe, and it's
low fees and you can go in and out twenty
four to seven of course. So really great solutions here
being offered by I Trust Capital. I have an account
with them, and if you sign up with my link
you can get one hundred dollars funding bonus. So check
them out. Go to I Trustcapital dot com, slash go,
slash Thinking Crypto.
Speaker 2: The link will be in the description.
Speaker 1: Now, folks, here's some news I really don't want to
talk about because it's really annoying and frustrating. It and
I think many of you know how I feel about it.
We have news here that Trump is going to attend
a meme cooin conference later this month. According to Politico,
this is of course around the Trump meme coin. And
I don't believe any elected officials should have a thing
like this.
Speaker 2: That this is really really bad, horrible optics.
Speaker 1: I've said it many times, and the fact that he's
going to do this is really really annoying. I wish
he would just stay out of these things, and you know,
things like meme coin, even World Liberty Financial. I think
his kids having some businesses like the American bitcoin mining companies, fine,
but these things that are attached to him that have
Trump brand on them and much more. They need to
sunset these things. But look, I don't think we can
control that. And look here we get reports that senators
are questioning Trump's meme cooin event attendance, and of course
it includes Elizabeth Warren. So by doing these things, he's
also causing problems that could potentially block the claritiac. And
this is the frust trading part. And I'm sure many
of you saw this news, but there's a lot of
controversy around World Liberty Financial. It borrowed millions from a
protocol it owned, its own advisor co founded, so unchained
data shows we're Liberty Financial deposited five billion of its
own tokens as collateral to borrow so stable coins. It's
sent to coinbase Prime, pushing a lending protocol to one
hundred percent utilization and leaving depositors unable to withdraw. So
essentially they minted this is according to what people are saying,
they minted a bunch of their tokens and then went
on board USDC against it. So right now there's a
media social media frenzy around this and a lot of
people are tweeting about it, and as a result, the
WLFI token is down is down to twelve percent to
all time lows after they did this, and a lot
of influencers, a lot of people are calling it out
so horrible optics.
Speaker 2: Man. Again, it's just ridiculous. Man. I wish the president.
Speaker 1: And these people who I think some people are taking
advantage of the Trump name. They go to him and say, hey,
we'll give you X amount of money, let us use
this or build this with your name. You know, A
bit of that is happening, and I wish somebody was
advising him or he would take this up and say,
hell no, I can't do that, right, but unfortunately here
it is so today though the word liberty financial folks says,
two days ago we repaid fifteen million dollars USD one
on our WLFI markets position. Today we repaired another ten
million dollars USD one. So the word liberty financial guys
have been tweeting NonStop, trying to you know, combat all
the information that's been put out there, and it looks
like they're getting forced to own up.
Speaker 2: To some things here.
Speaker 1: So it's great that, you know, we're keeping them accountable
and people are you know, exposing things and calling them out,
but just shady stuff.
Speaker 2: Man.
Speaker 1: Again, I think this is just people on the outside
are looking at this saying, look, these guys are scammers, right,
They're trying this is like FTX minting your tokens, going
and borrowing. It's FTX like So it really sucks. Anyway,
let's move ahead. We got reports here that potential buyers
are evaluating an acquisition of parts of the Gemini crypto
exchange back by billionaire Winkle Bass Twins. Gemini has had
a hard time, man, you know, I tweeted out about it,
and I'll read that tweet because I think it's summarizes
what's happening.
Speaker 2: I said, I'm not surprised by this.
Speaker 1: Gemini has always had a hard time grabbing market share
from Coinbase and cracking, and the Genesis Earned situation was
the nail in the coffin. They haven't recovered since. With
that said, I'm chomping at the bit to see who
acquires them. So again, they haven't been one of the
largest exchanges out there. They've been around for a long time,
the Winklevoss twins many they were in crypto for a
long time. They filed for the first BIGCOININGTF. Their exchange
should have been further along. It should have been like
maybe Kracking. I wouldn't say it should have been like Coinbase,
but maybe the size of krakeing. But for whatever reason,
mismanagement or you know, I think in the early days
they were avoiding a lot of all coins. They were
very bigcoin only kind of right, and then the rest
of the market moved past like listing all coins, and
I think they were late to that game.
Speaker 2: And then that Genesis.
Speaker 1: Earned situation was really bad for them. But I'm curious
who is going to acquire this exchange? Could it be
like cracking? Could be you know some tradi fi companies
who want to get into the crypto game, and they say, hey, look,
Gemini's got the infrastructure.
Speaker 2: They do have a lot of licenses. They launch a
prediction market.
Speaker 1: As well, and they would be a nice company to
go acquire because they have a lot of these puzzle
pieces and then you fix some of the problems obviously,
So keep an eye on this, guys. Don't be surprised
if I don't know, a JP Morgan or something goes
in and boughts this company. So this is going to
be very interesting. Okay, moving ahead. XRP adjacent Flair proposes
protocol level MeV capture and forty percent inflation cut. So
I am an XRP holder and a Flare token holder.
I of course got the snapshot from back in the day,
and I hold a good amount of Flare tokens that
I'm hoping the next bowlmarket cycle it can do well.
So propose a governance overhaul to capture maximal extractable value
MeTV at the protocol level and redirected from external searchers
and builders to the network itself. The plan introduces a
three stage redesign of block building and a new Flare
Income Reinvestment entity to channel MeV and other protocol revenues
into Flare buybacks and token burns, while cutting annual inflation
to three percent.
Speaker 2: The proposal would.
Speaker 1: Sharply increase the base gas fee and boost annual token
burns even as typical transactions remain under a cent. So
great to see that upgrades and expansions continue to happen
here with the Flare network. Now, on the tokenization front,
this is interesting. Securitize, which is of course the major
tokenization firm. They help black Rock to tokenize and start
their Biddle fund, and black Rock is actually an investor
in securities and they are looking to go public. So
you know, this has been mentioned many times, I think
via spac. Well, they named an ex sec official, Brett Redfern,
as president ahead of public listening. So this is an
interesting one. And we've seen this with many other companies.
They'll bring in certain people of a certain caliber and
position and expertise and you know, before they go public.
So this will be big, right, another crypto company going
public and you know, essentially the leader in tokenization as
far as a crypto native firm. And I remember interviewing
Jamie Finn, one of the co founders, back in twenty
eighteen when they were so small they had a little
booth at World Crypto Con and wow, they've become this powerhouse,
So how times have changed. It's it's incredible. And speaking
of tokenization, SpaceX is coming to Solana. So pre spas
powered by Republic launches April eighteenth on bitget ipo Prime.
Now this is not directly affiliated with SpaceX. It's a
token to track the performance of this stock, which is
interesting and you know, I'm not heard of this concept,
so it's not affiliated and it doesn't grant any actual equity,
but it's an interesting way kind of like a mean coin,
a controlled mean coin and a controlled environment, you know.
Speaker 2: So we'll see how this works.
Speaker 1: But this is a fascinating one and it could be
a future you know, monetization model or investment model that's used.
So very very interesting. And you know, Elon looking to
take SpaceX public of course, and I may invest in
the SpaceX stock, but of course I never invest when
a company goes public.
Speaker 2: That's that's where you get dumped on right.
Speaker 1: You wait for that stock to crash back down after
you know, pumping insanely, and then you buy the blood
in the streets. Right, Guys, you remember I was telling
you all about the circle stufu circle when public.
Speaker 2: I'm not buying that now. I like the company, I
like what they're doing.
Speaker 1: I'm going to invest in them, but I'm waiting for
what the stock is now, right when it's down. So
this is how you got to play it both On
the crypto side, you always want to buy when there's fear.
Speaker 2: It looks like it's over, something's crashing.
Speaker 1: Now, obviously you have to do your research, make sure
the fundamental is good, the company is still in good shape.
Speaker 2: Right.
Speaker 1: You don't want to invest in a bankrupt company with
a stock is dumping, right, You don't want to, You
don't want to be stupid. But if everything is good
copa setic, their finances, their licenses, you know everything's good
on that front, you wait for that stock to go down, guys,
to take your position, all right. Moving ahead, Binance adds
prediction markets to its app for millions of users. So
prediction markets are taking over here, and it's pretty crazy.
Speaker 2: The world is becoming more.
Speaker 1: Financialized, and there's a lot of sports betting.
Speaker 2: There's prediction markets now.
Speaker 1: It's it's pretty wild, but one could argue it's because
scene model coming online, right, It's making it easy for
you to bet and gamble and do all these things.
Speaker 2: And look, some of it is good, some of it
is bad.
Speaker 1: Right, We're gonna have to educate people and help people
because some people can get addicted and lose money. And
it's even easier now because you don't even have to
leave your house. You can be anywhere you have internet
connection and you can do it. So these are things
you're gonna have to deal with. But it's interesting that
Binance is doing this. So Binance added a prediction markets
feature to binance Wallet, connecting it to predict dot fund
on the BnB smart chain, letting users trade without leaving
the app. The integration covers gas costs to lower barriers
for retailer users. Binance doesn't operate the markets directly, instead
providing access to a third party application. So very interesting. Okay, folks,
that's the news. Let me know what you think. Leave
your thoughts in comments below, hit the thumbs up button.
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