WILL CRYPTO FOLLOW THE STOCK MARKET PUMP TO NEW HIGHS? MORGAN STANLEY TOKENIZATION!
Crypto News: The S&P500 hits new all time highs, will Bitcoin and altcoins follow? Morgan Stanley CFO says tokenization is the next major step for its multi-trillion dollar wealth business. Pakistan lifts seven-year ban, allowing banks to service crypto providers.
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⏰ Time Stamps ⏰
00:00 Intro
00:24 Fintech TV partnership
01:24 Bitcoin analysis
04:20 BlackRock Tether BTC accumulation
05:18 Morgan Stanley tokenization
08:06 UK Asset manager tokenization
11:11 Pakistan Crypto ubanned
12:23 Fireblocks stablecoin yield
13:47 Bitwise Avax ETF
14:17 Bitnomial Injective Crypto futures
14:58 Clarity Act update
17:55 EU Mica crypto regulations
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#Crypto #Bitcoin #Tokenization #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 l
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,
Before we get into the news, I want to highlight
that the Thinking Crypto Podcast has officially partnered with Fintech TV.
You may have seen a press release put out today
and we're going to be syndicating some of our content
on there. In addition, myself and my co host Amanda
Witcraft will be contributors to fintech TV, so we will
be recording some of our episodes at the New York
Stock Exchange. Many may know the Fintech TV covers crypto,
blockchain and financial news and it's recorded at the New
York Stock Exchange. So I'm very excited for this partnership
and to continue to grow to podcast, to spread the
news and details and facts about crypto and tell interesting
stories and of course the latest and the greatest. So
and of course, folks, thank you so much for your
continued support for those of you who followed me for years,
I wouldn't be able to do this without your help
and your loyalty in listening and watching the podcast, and
your support in many different ways. So thank you so much, guys.
I appreciate it. Let's get into the news. So first up,
we got to talk about Bitcoin still hovering around seventy
five K, and as we've been highlighting the mac D
on the daily shows, the bulls are in full control.
The RSI still has room to run before it becomes overbought,
so that still gives us the potential to hit eighty
K or higher. Again, I do believe this is just
simply a relief rally, and then we roll over to
test some lows. We could potentially go to fifty K
or the range of fifty two to fifty four K.
I'm not saying that's guaranteed. You know, sometimes I say
these things and people take it to heart because it,
you know, against their bias. But I'm just giving you
the different scenarios. Now, something that's interesting is that the
S and P five hundred today hit new all time
highs guys, so the SMP five veget went over seven thousand.
That bodes well for crypto. Now, the SMP five vergeit
on the daily is approaching the overbought zone, so we
could see some pullback. Doesn't mean it's going to top out,
but this if it continues and it continues to go
higher and hire, let's say this seventy two hundred could
really play out well for crypto and bitcoin following because
we know there's a huge correlation there. So let's see
the next Fibonacci target. The one point two seven to
two fib is at seventy nine thousand, five hundred, so
Bitcoin often overshoots. It could get above eighty thousand, maybe
eighty one. The next level would be the one point
six one eight, which would put us about eighty three thousand.
So my hope is we do get to those levels
and then we see some of these all coins start
to move. But again I don't believe it's a move
to new al taime highs, but that's not guaranteed, and
I will happily be wrong, guys. If the price goes
higher and higher and higher, I will happily be wrong.
I'll be on here saying guys, I was wrong, but
I'm gonna be taking profits because show.
Speaker 2: Me the money.
Speaker 1: I want the money, right, I want the profits. So
I am bullish obviously long term, I believe this bear
market bottom is very near. Yes, it's a bit of
a grind, it can take a little bit long, but
I believe the majority of the downside is done, and
I see light at the end of the tunnel. As
I've been sharing, the Bitcoin monthly chart that is starting
to turn, the bigcoin weekly charts starting to turn. So
we are in a much better spot than we were
months ago. So I'm excited. And again I'm not saying
tomorrow Bitcoin going two one hundred thousand XRP three bucks.
That's not what I'm saying. But there's a process, right,
There's a whole step by step process that plays out here,
and I'm seeing the process start for the next bull market.
And I like what I'm seeing here with the stock market,
the SMP five hundred v shaped recovery there. The Nasdaq
also looks like it wants to break into new all
time highs same pattern and the rustle, which I think
is an important factor here when we think about all
coins also doing the same thing. So again, all of
this bodes well for crypto. Now Black Rocks Bitcoin et
have continues to see inflows, so they bought another two
eight hundred and seventy nine bitcoin. They now hold seven
hundred and ninety four thousand bitcoin. So despite the ebbs
and flows, right, we're seeing some outflows, some inflows. The
macro trend when you look at the chart, it is
still higher and higher accumulation, right, higher highs, higher lows,
as we would say on the charts, and they are
of course not the only ones accumulating. You have bitcoin
treasury companies and even companies like Tether who are adding
bitcoin to their reserve. So Tether adds seventy million dollars
in bitcoin reserves, bringing their holdings above ninety si seven
thousand bitcoin. So we're seeing different types of institutions are
buying and accumulating. And this is I think a great
opportunity to start dollar cost averaging in as we're at
the lows for many all coins, and of course be
patient and prepare for the bull market. Obviously you need
to have a long term view. Now, folks, we have
some very big statements coming out from Morgan Stanley's CFO.
Speaker 2: We know just last week.
Speaker 1: Morgan Stanley launched their Bitcoin ETF, So they are now
all in on crypto.
Speaker 2: Before they were very silent.
Speaker 1: They were late to the game, right, Blackrock Fidelity, Franklin,
Templeton and all these folks had a huge headstart, and
all of a sudden, Morgan Stanley they finally woke up
and said, hey, what are we doing.
Speaker 2: We need to have a crypto strategy.
Speaker 1: So they launched their bitcoin ETF and now their CFO
says tokenization is the next major step for its multi
trillion dollar wealth business as the firm pushes deeper into
digital assets. You don't say, look at that, from people
who are on the fence right late to the game
to now becoming advocates. I love it, guys, I love it.
And it's amazing to see the capitulation from all these
major Wall Street firms. So Morgan Stanley's positioning tokenization and
on chain finance as the next phase of its wealth
management business, aiming to move assets and liabilities more fluidly
over digital rails. The bank's chief financial officer emphasized that
blockchain based infrastructure will be integrated into core services such
as client advisory, lending, and cash management, rather than treated
as a standalone crypto effort. So we've talked a lot
about this on the pod. Right, They're going to approach
this in different segments or facets, So of course they're
going to launch the financial products like ETFs, like different
investment products. They're going to build with the technology like
token eyes on the blockchain, launch their own stable coins
or integrate stable coins, and eventually I think they're going
to do DeFi. So this is where the puck is heading.
And as I've said many times, the future capital markets, economy,
and government will all run on blockchain rails. That is
where everything is heading too. So the bank recently advanced
this strategy through a digital asset pilot with zero hash,
and has expanded leadership under a new head of digital
assets as well as bitcoin offerings, including its own SPOTYTF,
even as digital assets remain a small part of its
business today. Now, over the past couple of months, I've
been sharing with you guys the LinkedIn job postings we've
been seeing from all these major firms like Morgan Stanley.
They are hiring like crazy, bringing in different talent who
have the crypto experience for tokenization, ETFs and much more so. Again, guys,
all of them, banks, stock exchanges, investment firms all getting
involved in crypto. This is why you got to be
patient to have the macro view. I still have the
thesis of that supercycle. All these on ramps being built
across the globe. Legislation being put forth and passing will
allow more capital to come in. So I'm excited for
the future of this market. Here's a great example of that.
UK Asset Manager puts sixty eight billion dollars of funds
on chain via Calstone token network. So I've never heard
of a Calstone token network, but let me give it
to details legal and general. Asset Management has moved more
than fifty billion euro in liquidity funds on chain via
Calstone's new tokenized distribution network. The firm is offering money
market style funds as tokenized shares on blockchain infrastructure, enabling issuance,
trading and same day settlements in dollars, euros and pounds.
Investors can now buy, hold and transfer tokenized units within
a permissioned, regulated network, with funds launched on Ethereum and
compatible blockchains. With more networks planned. This is a microcosm
of how it's going to function. They're going to put
these money market funds and different financial products on.
Speaker 2: It won't be on just one blockchain. They're gonna put
it in multiple chains.
Speaker 1: So if anyone's telling you there's one blockchain to rule
them all, they're lying to you. It's gonna be many
different chains. Don't get me wrong. It's not gonna be thousands.
It could be you know, twenty that are used eventually
in the future, that are used around the world primarily
and some may target specific industries and much more.
Speaker 2: So.
Speaker 1: This is where if you as an investor, you want
to look at which chains are getting the most adoption.
They mentioned Etheroreum and other blockchains that they're gonna use.
So you want to hold the ethertoken and of course
you can stick and you can do different things with DeFi.
So this is where put your thinking cap on, do
your research, look at the biggest firms like these folks
who are building, and take your positions. Now, folks, this
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at this news. Pakistan lives seven year ban allowing banks
to service crypto providers. So this is what I'm talking about,
the thesis for that supercycle. The doors are opening up
across the globe. The on rams being built via different
financial products and not just for retail. Retail can access easily.
Now every major platform is doing this. It's the institutional
money is what I'm following, and I'm seeing bridges being
built to the biggest folks around the world. So Pakistan
sent a letter to all banks and financial regulatory firms
notifying them that they may provide crypto services, but remain
barred from trading or holding crypto assets. So clearly it's
a crawl, walk, run roll out.
Speaker 2: Here.
Speaker 1: You can provide financial services, we're not letting you hold
a trade. But eventually they're going to have to because
if the banks want to compete with the rest of
the world, they're going to have to get in line.
Just like we're seeing here in the United States and
in different parts of the world, So very big news here, guys.
Speaker 2: And Pakistan has been very crypto friendly.
Speaker 1: They partner with Binance and they're doing a lot, man
a lot. I'm actually going to try to see if
I can interview some of the folks from there to
learn about what they're building. Okay, moving ahead. Fireblocks launches
tool for institutions to earn yield on stable coins. So
Fireblocks is a well known crypto infrastructure company. I had
interviewed I believe a couple of folks at the PayPal
border Less stable coin event I believe a couple of
months ago, and they're doing some great things. So enterprise
digital asset infrastructure platform Fireblocks said Wednesday it launched Earn,
a feature that lets institutional clients route stable coin balances
into on chain lending strategies through Ave and more faux
powered products. The product launches with a Centauric curated vault
on Morpho and direct access to ave's stable coin lending markets,
according to Fireblocks, The company said Earn is available now
in early access for Fireblocks customers.
Speaker 2: Fireblocks that the features.
Speaker 1: Aimed at clients sitting on large idle stable coin balances
between settlement windows and deploying cycles. The company said it
processed six trillion dollars in stable coin transfer volume in
twenty twenty five across more than two four hundred institutional clients,
up three hundred percent from a year earlier. Incredible the
growth is happening with the Genius Act pass, A lot
of folks are getting involved with stable coins, launching their
own stable coins, and of course yield is a big
part of that. So really great to see fireblocks doing this.
And we got some news here that bitwise launches the
bitwise Avalanche ETF on the New York Stock Exchange. So
that's the Avax token, offering investors exposure to Avax with
a target staking yield of five point four percent through
its in house taking division. Now I do hold the
Avax token in my portfolio. I am bullish on a
long term It's not a big part of my portfolio.
I'm just diversified, but I think Avax or Avalanche is
certainly one of the blockchains that could do really well
long term. Okay, Now, Bitnominial launches injective futures in US
with eyes on ETF eligibility so the contract marks Injective's
first entry into US regulated derivatives markets and can help
support a spot ETF following a filing from Canary Capital.
So Bitnomial is launching the features for Injective that blockchain
and the token is I in j I don't hold
it in my portfolio, but I know of it. I
believe I had interviewed the founder a couple of years back.
So again we're seeing more and more financial products being
built for these different crypto assets, futures, ETFs and much
more again which are on ramps. Allows more capital to
come into the market. Now, folks, some updates on the
Clarity Act and the stable coin compromise. We know that
is still something we're waiting for, waiting for the details
of the stable coin compromise between the banks and the
crypto industry so that we can get the claritiac to
be moved in the Senate markup then pass then goes
to President Trump. But we are of course running out
of time.
Speaker 2: Well.
Speaker 1: Eleanor Tarrett reported as Senator Tom Tillis, the Republican out
of North Carolina, toll reporters on Capitol Hill this afternoon
that he's still going back and forth with stakeholders on
whether stable coin yield text will be released publicly this week.
Speaker 2: Here's a quote. We've got some open switches.
Speaker 1: That may require some more negotiation, but I'm optimistic that
we're going to be able to schedule a markup in
the coming weeks, he said. Tillis also floated a potential
crypto palooza, describing it as bringing in experts on banks
and crypto while senators call balls and strikes to resolve
remaining issues ahead of a markup. Tillis added he's now
guardedly optimistic on getting the bill done, citing progress on
enforcement and ethics language. So, folks, the sausage making process,
it's annoying, it's long, it's a lot of back and forth,
it's ugly at times, and my hope is that they
get this done. I'm still optimistic, right but look, we
don't know what's going to happen, but there is a
lot of pressure. And look, the crypto industry is launching
for the midterms. They're launching packs for the midterms. There's
actually an update here. So anybody who's siding with the
banks and holding things up, you know they're going to
get attacked in their midterm elections. So here Crypto Pack
Fellowship discloses eleven million dollars from Canterer, Fitzgerial and Anchorage Digital.
So the latest filing by crypto aligned Political Action Committee,
headed by stable coin issuer Tether's head of government affairs,
shows eleven million dollars in contributions from financial institutions Indy Wednesday,
filing the US Federal Election Commission, the Fellowship Pack reveal
it had received ten million dollars from financial services from
Canter Fygial and one million dollars from Anchor Labs, the
companies behind the crypto bank Anchorage Digital. The January twenty
twenty six contributions came amid three million dollars in spending
by the pack for the issue advocacy advertising with the
next group if I'm saying that right, a marketing agency
co founded by former White House crypto advisor and Tether
US CEO Bo Hines. So it's going to be very
interesting commit terms. And I think anybody who's anti crypto
trying to side with the banks, they're going to get
beat because you know the money's going to pile up again.
They haven't learned their lesson in what happened in twenty
twenty four. They're going to learn it again. So I
think a lot of people will eventually try to get
this done, get get the Clarity Act done, get the
compromise done, because they're going.
Speaker 2: To get it in the midterms.
Speaker 1: And speaking of legislation, the EU Advisor says MIKA two
is likely as crypto market matures. So we know the
EU has passed the MECA regulations, which you know, they
certainly ahead of the United States and getting that done,
and that's opened up a lot of business and a
lot of things that have been moving into EU, and
that is of course a huge market. We know the
US has the largest capital market, but still EU still powerful,
still a lot of businesses out there. And it's saying
here that they plan to reassess the MECA regulation and
of course update it. That's very good, guys. I think
we'll have to do that here in the United States.
Speaker 2: For the Clarity Act.
Speaker 1: There's going to have to be a version two, maybe
a year or a couple of years after as crypto
evolves and the technology matures. But you've got to have
a starting point, You've got to have some sort of
foundation here, So I like what I'm hearing here. So.
A European Commission advisor said the European Union's landmark MEKA
crypto regime is likely to evolve as digital asset markets developed,
beyond the conditions the law was originally designed to address.
Speaking of the Powers Blockchain Week, Peter Kirsten's, an advisor
on technological innovation, digital transformation and cybersecurity at the European
Commission's Financial Services Department, said the Commission will review them
Markets in Crypto Assets Regulation MIKA and launch a public
consultation to assess whether the rules are working for market
participants and supporting business development. I like this, and you
know we're going to have to continue to fine tune
and add amendments, and you know, as the technology evolved
and things change, right, But this is really good that
they're open to doing this.
Speaker 2: So, folks, that's the news.
Speaker 1: Let me know what you think. Leave your thoughts and
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