INSANE CRYPTO NEWS! HUNTER BIDEN TO LAUNCH MEMECOIN! HUGE TOKENIZATION ON AVALANCHE AVAX!

Hey folks, welcome into the Thinking Crypto podcast, your home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in, please hit 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 be sure to follow and leave a five-star rating. All right, folks, let's quickly start with the price data and the charts and what's happening and what may come next. So analyst Caleb Franzen, who I've had on the podcast, uh, many times, he says, "Bitcoin just achieved a weekly close above its 55-week and 100-week EMA band after a multi-month breakdown. These reclaims ignited huge rallies in recent years." So we know that a bullish divergence has been playing out on the Bitcoin chart, the weekly chart, uh, not to mention a bearish divergence has been playing out on the USDT stablecoin dominance. So we've been monitoring different signals, so we are turning a corner and here are more signals, more confirmation that bull market is here. And look, could markets fake us out? Of course, right? Anything is possible, but the question is, is not is it possible, is it highly probable? I believe, uh, there's a higher probability that this is not a fake out and we have turned a corner given all the different factors we've covered in the past three to four months, right? Uh, I, I don't wanna go through everything again. You guys have seen it in the newsletter. We've gone through it many times. So this is, again, more confirmation that things are turning around and, uh, as mentioned on that weekly chart, we continue to see Bitcoin playing out beautifully. The bullish divergence is playing out beautifully. The RSI has broken out of the downtrend. Not to mention it's in the neutral zone, which means it still has room to run, and the MACD shows the bulls are in full control here. And if we jump back to the daily chart, while the bears are in control here, the RSI is out of the overbought zone. It was in the extreme overbought zone, so you're seeing the natural cyclical pattern of the market cooling down. So Bitcoin, though, even though this is happening, the price is just chopping and moving sideways, consolidating. Now, it doesn't mean that it can't go down further, right? I, I don't wanna say that that's impossible. Again, we're talking probabilities here. But if it can, uh, cool down to where, again, the RSI is maybe near the neutral zone, uh, you could maybe see a turnaround and Bitcoin has its next big move, and that may come in the next two to three weeks. So we're gonna really gonna have to be patient here. Maybe we see it sooner. I, I don't know. Um, you know, could the CLARITY Act passing, uh, be a big catalyst? You know, certainly possible. So let's see, guys. Uh, things are looking really good here and we gotta be patient. And in addition, we are seeing a lot of big institutional investors are buying the dip. We had recently covered, uh, just last week that, uh, institutional investors like Goldman Sachs and others have been buying a lot of XRP. Well, look at this news. Uh, spot Bitcoin ETFs pull in near $1 billion last week as institutional demand recovers. So you're seeing a lot of dip buying here, not just for Bitcoin and XRP, for other coins as well, but I'm just highlighting those as, as examples because they, uh, had standout weeks, right? A lot of capital flowed in. Uh, so this is really a, a very positive sign that demand is picking up and then people are starting to recognize, "Okay, the bottom, uh, is in here. Let's start loading up and get ready for the next leg up for Bitcoin and alt coins." So this is very, very good. All right, folks, we got some crazy news we gotta talk about. So Hunter Biden, who is the son of former President Joe Biden, plans to launch a meme coin on September 9th, so this week on Wednesday, via Coinbase's base network. So he's not doing it on Pump Fun or, uh, Robinhood chain. He's doing it on Coinbase's L- Ethereum Layer 2 call base. He's allocating 20% to investors who lost money on Trump's meme coin and up to 30% to be burned if Democrats win the 2028 presidential election, per The Wall Street Journal. So guess what the name of this meme coin is? Laptop. Guys, when I saw this news, I started facepalming. Like, this is just hot garbage, right? Just like the Trump and Melania meme coin, just like the Kim Kardashian meme coin and all the gar- celebrity garbage meme coins, right? It's a rug pull. It's a cash grab. So I would avoid this. I would not participate. I really wish he wasn't doing this. Uh, it's, it's nonsense, right? We, we've talked a lot about it on this channel. This is y- this is like going to the casino and you throw it on black or whatever it may be. It's straight up gambling. It's not investing in utility and use cases and fundamentals and more. This is just straight up highly speculative, super risky, so please don't give your money to this man. Don't give liquidity to this. It's hot garbage. So the ticker is, of course, laptop, right? And it goes back to h- the whole controversy with his laptop and all that. I'm sure you guys know about it. So what a mess, my friends. What a mess. And of course, you know the anti-crypto folks out there, they are ready to put out headlines. "See? Crypto's all about the grift. Crypto's all about scams." And obviously it's not. There is a segment of it that's there because of this, uh, unlock and democratization of the ability to create tokens and all these things. But we know institutions are building a blockchain, and we're gonna talk about those news items later. But I have to let you know about this because it, it's, it's gonna pop up. It's gonna make the political news cycles, the mainstreams news cycles... I mean, look at this. The Wall Street Journal is reporting on it, right? Now, another reason why I think this is a cash grab, I'm sure many of you heard just last year Hunter Biden has to pay off $50 million in debt, so- I'm sure he's gonna, gonna make some money off of this because you're gonna have, uh, people who don't know better are gonna do it, and you have degenerate gamblers who are gonna just participate. But you know what's gonna happen. Just look at the Trump and Melania meme coins. Look at the other meme coins out there. Hot garbage, rug pulls. You, you will lose your money. Um look is there a possibility you get in the right time and you get out the right time? Sure. But you really gotta know what you're doing. Uh, but this is not set up to help you make money. This, this is set up for the insiders to use you as exit liquidity. So that's the cold, hard truth that you need to know about. Now, guys, there is a silver lining to this hot garbage, if you wanna call it that. I tweeted at Elizabeth Warren, uh, retweeting Hunter's announcement of this meme coin. I said, "Hey, Elizabeth Warren," and I tagged her, by the way. "We need you to weigh in on Hunter Biden launching a meme coin. The only way to stop this and President Trump's meme coin is to pass the CLARITY Act." So this could be the situation that many Democrats are now gonna have to back off and say, "Well, we can't just criticize Trump about meme coins. We got a Democrat, who's the son of the former president, Joe Biden, that is launching a meme coin. So how can you, in good faith, attack President Trump only?" Right? So that's the silver lining. This could help get the CLARITY Act passed because now the Democrats don't really have an ethics complaint entirely, right? Uh, if you recall, there was also news, and this was months back, but w- I haven't seen any updates. Gavin Newsom was talking about, uh, he's the governor of California, uh, launching a meme coin. So if you have folks on the Democrat side who are also doing this crap, uh, this, this could force the Democrats to say, "All right. All right. Look, we, we get it. Let, let's pass this so we can regulate all this," right? So that's the silver lining. Let's see. Uh, you know, it's obviously speculating, but it, it could really carry some weight, especially if this thing takes off. And not to mention, he's looking to help out the Trump meme coin holders. Again, hot garbage, but y- you know, this could really sway a lot of Democrats to say, "Okay, we can't have this." And I've said from day one, no publicly elected official, uh, should have anything like this. And, uh, I know Hunter Biden's not a politician. Obviously, he has political connections, and he's using that to his advantage. He has talked about running for president apparently in 2028, but I don't know. That's all political speculation at this point. But I plea- please, guys, please, if you're a follower or if you're a listener, don't invest in this. Please, don't give liquidity to it. You know what's gonna happen, right? It's setting up for a rug pull. And again, the h- the silver lining is hopefully Democrats say, "All right. All right, we get it. Let let's let's all come together and pass the CLARITY Act." And this, this could be the catalyst. So let's see what happens. Now, let's cleanse ourselves here and move forward to real utility adoption of blockchain technology. So we have huge news around the Avalanche blockchain, and the native token of the Avalanche blockchain is AVAX. Many of you know I hold AVAX in my portfolio. I'm bullish on this project. So Hanwha Investments & Securities, part of the $200 billion Korean conglomerate, is building its new tokenization platform on Avalanche. Hanwha is bringing traditional assets into global on-chain markets using Avalanche as the infrastructure connecting institutional finance to blockchain rails. The launch comes as Korea is moving aggressively towards tokenized capital markets, with regulators unveiling plans to bring all types of securities on-chain. If you recall, I believe it was the last n- news podcast where I mentioned this, uh, they're targeting 2027 to move their market, South Korea that is, move their markets on-chain. Uh, Korea's next generation of financial markets is being built right now on Avalanche. Now, I do believe Avalanche is gonna be one of the winners in this market. That's, uh, my opinion from doing research. You don't have to agree with me. You, you can do your own research. So I'm just sharing my perspective. Um, uh, obviously, there's gonna be multiple winners, right? There's not gonna be one blockchain to rule them all. If anyone is telling you that, they're lying to you. Uh, I believe Ethereum, XRP Ledger, Solana, Avalanche, and others, uh, will do well. Canta Network as well. Um, and there's gonna be others. So I'm, I'm not listing all of them, obviously. But uh we are seeing real-world adoption from governments, institutions, asset managers, and more looking to go on-chain in different ways, offer crypto, launch their stablecoins, tokenize, uh, different assets, and even leverage blockchain internally to move data and much more. So this is great news, guys. Now, a great place where you can invest in AVAX and other altcoins, as well as Bitcoin, is on iTrustCapital, and you can do it via an IRA. And not only can you access crypto, but you can access precious metals like gold and silver, as well as stocks. So you may say, "Why would I wanna invest in an I- via an IRA?" Well, it gives you huge tax advantages. When you sell for a gain in that IRA, you don't have to pay long-term or short-term capital gains taxes. And many of you know, man, th- those taxes are heavy, right? Sometimes up to 30-something percent, 40%, depending on where you live. So this is a great option. Like, if you have a long-term strategy on some of these assets, and you may have a split portfolio, traditional exchange portfolio and an IRA portfolio, right? So y- I, I personally do that, so that the long term just sits there, and when you are able to... Let's say you're, you're preparing for retirement, and you're trying to, you know, go through the process here and, and get those tax advantages. It will work out in the end 'cause you don't have to pay those crazy capital gains taxes. So if you have an existing IRA or 401, you can simply roll it over to their, uh, iTrustCapital version. It's low cost, no monthly fee. Again, you get access to not only crypto, but other, uh, asset classes like gold and silver and stocks. And they also have a great custodial service called Premium Custody Account. It uses institutional-grade crypto custody, which is, uh, Coinbase Prime and others. So you're getting the same level of institutional custody that BlackRock uses, 'cause BlackRock uses Coinbase Prime. And it's low fees. It's also a closed-loop system. So if someone hacks into your account, they can't withdraw anything. It's only set up to go to your bank account, so you can sleep at night knowing your assets are safe. So guys, you gotta check out iTrustCapital, see if it's right for you. If you sign up with my link, you can get a $100 funding bonus. The link will be in the description. Go to itrustcapital.com/go/thinkingcrypto. All right, folks. Moving ahead, huge news between two major banks. DBS and Citi complete weekend USD payment via Swift's digital ledger using tokenized deposits. Now, we've talked about tokenized deposits. They're more so between the banks versus retail, right? So it's B2B, and they're going to use this to move capital between the banks, and obviously they're using blockchain technology. Um, now stable coins will be used more so by retail and... And look, they may use stable coins to move money in different ways as well. But I think the larger fund, uh, you know, when you're moving lots and lots of, uh, millions and possibly billions of dollars in a tokenized format, they're gonna use tokenized deposits, I believe. Um, so the c- transaction is the second confirmed live use of Swift's blockchain ledger, coming as the network races to prove it can compete with digital payment rails that never close. So 24/7 markets and payments is the end goal, right? That's where they're gonna move everything on chain. Uh, and that's why you see the biggest institutions, stock exchanges, payment companies, credit card companies, and more are all doing this, and the banks are trying to catch up and, you know, we've talked about how they've tried to slow things down so that they can catch up because they are, uh, getting disrupted. So in its second confirmed live transaction on Swift's blockchain ledger, following HSBC and Standard Chartered's first live cross-border transfer in August, the back-to-back tests come as Swift's 1.5 quadrillion network faces pressure from stable coins and tokenized deposits that settle around the clock, raising the question of whether the 53-year-old messagings network can adapt fast enough to remain relevant. So they rolled out their blockchain ledger in July with 17 banks. So guys, if you were ever questioning is blockchain legit, is it here to stay? Here you go, right? Even the oldest of the oldest here, the, the incumbents, the financial juggernauts with the banks and Sw- I mean, if you know what Swift is, y- you know what the deal is, right? They are all moving on blockchain. So is the DTCC, right? Y- m- many of you may have caught my recent interview with DTCC's digital assets, or head of digital assets. Uh, they're all headed in the same direction. Okay, moving ahead. Ethereum's next major upgrade will let users pay transaction fees in stable coins instead of Eth. This is an interesting one. I, I wanna try to get someone from the Eth Foundation to talk about this because could this impact Eth utility? Maybe not, because Eth has so much network effect, so much adoption, but if the token itself is not being used as much, you know, uh, does that impact the price? Maybe not. Again, 'cause there's a heavy speculation, uh, layer to crypto, but also Ethereum is getting so much adoption, it may not matter, um, because if those stable coins are still running on Eth, right, uh, while the token's not being used, the transaction, the volume is still happening on Eth. The settlement's still happening on, on Ethereum, I should say. So uh again I'll try to get somebody on the podcast to talk about this, but this is an interesting upgrade and, and, and I'm curious to see the additional details as a, uh, we get closer to that upgrade. Now, final news item. Canary Funds is looking to launch a staked Tron, or TRX token ETF, um, and they've... I think if I'm not mistaken, they were the first to launch the first XRP spot ETF in the US, so it looks like that's gonna be listing on the CBOE September 9th. Um, I, I personally don't hold a Tron token. You know, Tron gets a lot of its volume and adoption from stable coins, uh, uh, like Tether. Um, so i- I guess it's still a very strong blockchain out there, but, um, I personally don't hold it. I'm not a big believer in it, but that's fine if you are, right? Uh again we can't all invest in the same thing in every blockchain, and you wanna do your research and have your convictions on which projects you think are gonna do well. So this is big, though. Um, another on-ramp for people to access Tron, and a staked version. They can earn the passive rewards, and many investors are looking for yield. They're looking for passive income, so staking is a huge one in crypto, so this is very, very interesting. Folks, that's the news. Let me know what you think. I obviously wanna hear what you guys think about the Hunter Biden meme coin. Like I said, hot garbage. Stay away from it, but there's a silver lining. Could it force the Democrats to say, "Let's get the CLARITY Act done"? I I... Let me know what you guys think, you know. I'll, I'll check out your comments. Folks, be sure to support the podcast by subscribing to my free email newsletter. It's on Substack. It's 100% free. Link will be in the description. Uh, grab a copy of my book. It's available in paperback and digital. Uh, it's on Amazon, and check out my course at mycryptocourse.com. This is a comprehensive course that teaches you everything you need to know about crypto. All the links will be in the description. Thank you so much for tuning in, folks. I appreciate you all, and I'll talk to you all later.