BIG CRYPTO NEWS! SPACEX IPO BITCOIN, EU REGULATIONS & STABLECOIN, JUSTIN SUN WORLD LIBERTY FINANCIAL!
Crypto News: Musk’s SpaceX holds $603 million in bitcoin despite $5 billion loss stemming from xAI. Justin Sun, the founder of the Tron layer-1 blockchain network, criticized World Liberty Financial (WLFI), a decentralized finance platform co-founded by US President Donald Trump’s sons. Bitwise files second amendment to Hyperliquid ETF.
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⏰ Time Stamps ⏰
00:00 Intro
00:24 Bitcoin analysis
01:54 Elon Musk SpaceX Bitcoin IPO
03:10 ECB EU Crypto sypervision
04:27 EU Banks Stablecoins
06:15 Stablecoin volume Visa Mastercard
08:49 Bitwise Hyperliquid ETF
10:00 Ethereum treasury SPAC
11:20 CFTC Crypto task force
12:49 Justin Sun World Liberty Financial =================================================
#Crypto #Bitcoin #WorldLibertyFinancial #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 co
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 a thumbs up button and leave a common blow.
If you're listening on a podcast platform such as Spotify
or Apple, please leave a five star rating and review. Well, folks,
I'm sure many if you saw a news there's been
some escalation with the Iran war in the Straita of
Horror Mooze situation, and bitcoin had a pullback to about
seventy one thousand dollars now not a major pullback because
we were at seventy three, so just a couple of
thousand dollars, and it's still within that range we've been
talking about. The mac D on the daily is still
in control of the bulls, and the RSI is not
in the overbought zone, so there's still room to run here. However,
you know, this situation could escalate and then we could
see the stock market and everything start to dump. But
the stock market is still showing some strength here. If
we look at the s P five hundred bowlsing control
on the daily chart. MACD RSI also not any overbought zone.
Now that doesn't mean we can't see small pullbacks before
we continue higher. But you know, it's it's a great
time of uncertainty with that Iran war situation. But if
things are not going to escalate as much as they
have in the past, we could see further upside. Again.
We are in the midst of a relief rally which
I think will potentially take us to eighty k then
a rollover to test the lows. If you look at
the bigcoin weekly chart, seeing some good things here with
the mac D flipping green for the first time in
a very long time, and the RSI is moving away
from the over soul zone. So some nice strength here,
but nothing's guaranteed. Obviously, we're looking at probabilities when it
comes to markets, so we're gonna have to be patients
and see how the coming week and weeks play out. Now,
we have some interesting news here. Elon musk SpaceX holds
six hundred and three million dollars in bitcoin despite a
five billion loss stemming from Xai Arkham data shows eight
and eighty five bigcoin in coin based prime custody as
the company swings from eight billion dollar profit to nearly
five billion dollar loss ahead of its IPO push. So
the big takeaway here is SpaceX still holds Bigcoin on
his balance sheet, Tesla still holds Bitcoin on his balance sheet.
Elon himself personally holds bitcoin, dogecoin, and etherorem in his portfolio.
So great to see these companies are still holding this
capital in their balance sheet. And what's fascinating is SpaceX
is going to do an IPO it looks like sometimes
this year, and they're going to have Bigcoin on their
balance sheet. So that's a really cool standard that's going
to be set because this is not a crypto company obviously, right,
So I know other crypto companies have gone public and
they hold crypto obviously, But to have a company that's mainstream,
that is in another sector entirely having Bigcoin on his
balance sheet and they haven't so and they're going to IPO,
it's pretty significant. And I think this is a great
example of how things are going to play out in
the future with companies holding crypto on their balance sheet.
Now we have news here that the ECB, the European
Central Bank, backs the EU plan to centralize cryptos supervision
under the Paris based EESMA watchdog. So across the globe
again we've talked about it, we are seeing legislation and
the guardrails being put into place to allow this asset
class and industry to flourish. And I believe with all
of these things happening globally and here in the United
States we have the Clarity Act we're waiting on, and
with the on ramps being built for institutions right different
financial products ETFs and much more, this will kick off
the super cycle as we head into the next bullmarket.
So the ECB formally endorse the European Commission's plan to
shift supervision of major crypto firms, training venues and clearinghouses
from national regulators to the EESMA. Per Reuters, the ECB
warned that the esm A must receive adequate staffing and
funding and recommend a phase transition to avoid disruption. Smaller
EU states, including Ireland, Luxembourg and Malta have resisted the plan.
So all the ducks are getting in line here. Yes,
they're going to be your naysayers and some people pushing back,
but at the end of the day, they're going to
have to get in line and they're going to regulate
this industry in this acid class, and it's here to stay.
Clearly now, speaking of the EU, banks corporates in Europe
are actively selecting partners for a stable coin push, So
across the globe, big institutions are tokenizing, You're launching stable
coins and much more. Banks and corporates across Europe are
moving beyond exploration and are now actively selecting infrastructure partners
to support stable coin adoption. According to Lamin Brahimi, a
co founder and managing partner at crypto custody technology provider Taurus,
Brahimi told coin Telegraph that eighteen months ago, most conversations
were still educational focus on understanding stable coins and their risks. Today,
firms with broad level approval are preparing to go live,
he said. The introduction of the EU's Markets and Crypto
Assets Regulation MIKA has accelerated that transition by replacing fragmented
national rules with a single block wide regulatory regime. Here
is a quote. In the past twelve months alone, some
of Europe's most stringent financial institutions are all arriving at
the same conclusion. Digital assets, including stable coins, belong inside
the existing banking stack, not beside it, he said. Big statement,
and it's what we've been talking about for a long time.
And these folks are getting educated now, they're ready to build,
and even some are further ahead and ready to roll
out into production their stable coins, their crypto products and
tokenization and blockchain integration in different ways. So this is
why I'm very bullish. This is why saying that supercycle
is coming, because you can see he references the EUS
version of the CLARITYAC which is the MEKA regulation. Once
these things are in place, it allows institutions to go
all in to build and invest capital. Now, speaking of
stable coins, stable coin transaction volumes could reach seven hundred
and nineteen trillion dollars by twenty thirty five and rival
Visa and MasterCard by twenty thirty nine, driven by one
hundred trillion dollar generational wealth transferred to crypto native younger generations.
This is spot on. It's only going to continue to
grow as the legislation is rolled out and more of
these companies keep building. However, you know they reference Visa
and MasterCard. Those companies are integrating stable coins right. I've
interviewed the head of crypto at MasterCard and I should
have him back on soon and they're all trying to,
you know, integrate stable coins in different ways, and they've
all formed their own crypto conglomerates with different companies. In
much more so, they're trying not to be disrupted, which
obviously makes sense because if you don't adapt to the technology,
you will have your Blockbuster moment. Right many of you
remember the Blockbuster Netflix situation and how that turned out,
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the description. Okay, folks, we got some big news around
bitwise and hyper liquid, So bitwise files second amendment to
its hyper liquid etf adds winter mute and flow desk
as trading counterparties. So we continue to see more ETFs
are being launched for all coins. So hyper liquid obviously
has its respective token and it's getting a lot of adoption.
I personally don't hold a token, but it's been doing
pretty well and we are seeing different folks launch these
ETFs and competitions heating up right. One player makes a move,
then you see the others start to follow. So Bloomberg
ETF analyst Eric Belchunis said the fund could launch imminently.
The filing comes a day after Bitwise Europe listed a
fully backed hyper Liquid staking ETP on Deutsche bors Zetra.
It would hype up roughly two hundred percent over the
past year, so if you've been holding hype, you know,
congrats to you. But again, these on rams being built here,
going back to my super cycle thesis, legislation plus the
on ramps being set up globally will allow more capital
to come in, and I think these assets see higher
prices and we have a better bull market than the
one we previously had. Now move ahead. One point six
billion dollar Ether machine SPAC deal collapses over unfavorable market,
So essentially the Ether machine and etherorem treasury firm, meaning
they buy and hold Ether on their balance sheet currently
has more than one billion in Ether and their treasury.
They were going to go public or get public listing
via SPAC deal, but that has obviously collapsed due to
the market being in the way it is. And I
don't blame the people who they are trying to do
that with. And it's actually a merger with Dynamics Corporation,
and apparently Dynamics will receive a fifty million dollar termination
payment as the agreement unwinds. So the longerest bull market
goes and if the prices go lower, which I think
there's a good probability they can, we could see some
of these digital acid treasury companies collapse. Hopefully they prepare
for this bear market, but it wouldn't surprise me as
some of them collapse, not all, but some, and we'll
see what happens. Guys. It's tough out there, right. I
think I hardly look at my portfolio these days because
we know it's been stuck at the same place for
the most part, sideways Chop and we've been down, but
we're waiting for bitcoin. As you know, we started the
pod with to continue that relief rally and then we
may see some alts start to have a mini relief
rally again, not a move to new all time highs,
but better than being down. Okay, moving ahead. CFDC unveils
Innovation Task Force members in Crypto Clarity Push. So lots
happening on the CFDC front. Chair Mike sea legs doing
some amazing work. He's of course been collaborating with his counterpart,
which is the sec and Unsure Atkins, so it's really
really great to see. So the Innovation Task Force was
initially launched by CFDC Chairman Mike sea Leg on March
twenty fourth, who appointed Michael Paslaqua from saying that right
as the leader of the group. Pas Iloqua is currently
the senior advisor to sea Leg at the CFTC. In
an announcement on Friday, the CFTC said that Pasaalaqua will
be joined by a list of five initial members, including
Hank Balaban, a former Letham and Watkins crypto lawyer, Sam
Canavos and ex Potomac crypto and prediction markets advisor Mark Phagefar,
a CFDC legal veteran, Eugene Gonzales the fourth and ex
Sedley blockchain lawyer and Dina Mussa, a CFDC Market Participants
Division Special Council. So here's a quote. The Innovation Task
Force brings together a leading team that exhibits deep expertise
and an enthusiastic commitment to deliver clear rules of the
road for American investor Sea Lake Sam So love it, guys.
This is what we need. And it's great that these
agencies are open for business again and working in good
faith with the industry. Now, folks, final news item here.
And I covered this in the previous podcast, and I
saw a lot of comments in the comments section. How
dare you criticize President Trump? Unsubscribe? Unsubscribe. I've said it
many times. I don't worship any politician or any political party.
I don't kiss anybody's shoe, I don't kiss the ring.
I'm here to hold politicians accountable, right, left, independent, whatever, right,
because politicians are there to serve us. We elect them right.
And I need to call it like it is. I
got to call balls and strikes. And I'm not here
to make a paint a Rosie picture for anybody or
be unfair to anybody. We got to call it like
it is. And this situation with World Liberty Financial that
I reported in the last podcast has escalated and it's
not looking good. Obviously Trump is connected. Today's his family.
Justin Son is calling out the word Liberty Financial platform.
The platform is threatening a lawsuit in response. So he
did a full expost saying the word Liberty Financial platform
has a backdoor backlisting function. And obviously he's calling them
out for doing scams and bad behavior and all that. Right,
and it's not looking good. And of course we're Refinancial
replied on x saying we're gonna sue you and all
kinds of stuff. It is a mess. This is why
I keep saying President Trump has been net positive for crypto,
but I wish he would distance himself and kick these
people out who are trying to come to him saying, hey,
launch this, launch this, launch this meme coin. Right, look
his meme coin and milania is coin down ninety nine percent.
It's a mess, and it's just it just gives the
industry a bad name, a bad look to people who
don't know much about crypto. They just look at it like, wait,
what's happening here? These people stealing people's money? Is crypto
all a scam. That's the impression to get. That's not
the impression we want to put out there. We need
to have people look at this and see the benefits
of the technology, because there's incredible things being built. Now,
do I think this is going to kill crypto or
hurt crypto? No, Obviously we're in a bear market, and
when we come out of and the price starts pumping,
people forget about these things. But again, we got to
call balls and strikes. We got to call it like
it is right. We're not here to kiss politicians' asses.
I don't worship any politician. I don't bend the knee.
I hold them accountable. So I've had many politicians on
the podcast, members of Congress, senators, and so forth, and
I will continue to have that. But we got to
call it like it is right, guys. So again I'll
say it just because people get very emotionally triggered. Right.
President Trump net positive for crypto, definitely better. But he
is doing things that are also making the industry look
bad with his meme coins. His wife's the first lady's
meme coin, We're Liberty Financial, and this whole drama, it's
all making things look bad. And look here, Bloomberg is
picking up on it. Mainstream media is picking up on it. Right,
Trump linked, we're Liberty Crypto project faces investor reson volt.
That's not the headline we want out there when we're
trying to push adoption, when we're trying to get crypto
legislation through. So, uh, this is this is where I'm
gonna call it like it is. And if you want
to unsubscribe, go ahead, but we're gonna keep it real.
We're gonna call it out well again, right left independent,
I don't care you do something that is not copasetic.
We're gonna call it out. All right, guys, that's the news.
Let me know what you think. Leave your thoughts at
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Thank you so much tuning in. I appreciate you all,
and I'll talk to you all later. M m hmmm