BIG CRYPTO NEWS! CHARLES SCHWAB ADDS ALTCOINS, XRP TREASURY SEC, & UK'S HUGE STABLECOIN PLANS!

**Tony Edward** (0:05)
Hey folks, welcome to 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. Alright folks, let's quickly take a look at the charts here because Bitcoin is back over $80,000, and I think it's trying to make a move up to $83,000 because that will be a key support levels for the bulls to claim and for Bitcoin to close above, and even if there's a pullback, that's fine because we're building the higher highs and higher lows. Obviously, the pullback, we don't need it to be impulsive, right? If it's impulsive and it starts crashing back down hard, that's not a good thing. So we're looking for some sort of pullback and Bitcoin to hold the key support levels around $70,000 and then continue higher.
We do have to be patient here because the recent move was so overheated. Bitcoin right now extremely overbought and a lot of altcoins are following Bitcoin's move. So you can anticipate some sort of pullback, but the bulls are still in control per the MACD on the daily chart, even though we're seeing they are starting to lose some momentum. From the higher time frame of the weekly chart, things still look super bullish. The RSI has broken out above the downtrend and there's still room for it to run higher and the MACD shows the bulls are in control. And in the higher time frame beyond that, the monthly chart just looks immaculate where the RSI has turned upwards. Certainly bears don't like these charts because it's going to be hard to be a bear. I think we have broken the downtrend and we're starting in the uptrend in this early phase of the bull market and the MACD on the monthly, this is the important one. It's turning from dark red to light red showing the bears are losing momentum and it's going fast. So guys, be patient. Again, we're in the early phases of this bull market and we still got ways to go and expect volatility. I've been saying the ideal scenario would be the Clarity Act passes in September or early October and that just adds fuel to the fire and we see another impulsive run up for Bitcoin potentially up to 100,000. We're not far away and that will be a nice level for Bitcoin to claim before rolling over maybe with a very strong correction as we head into 2027 But we'll have to wait and see. Regardless, I'm happy because we've turned a corner out of this bear market and we are now in a bull market. And something that's really great to see Galaxy Research highlighted that Bitcoin's weekly candle last week was the single largest weekly gain by dollar amount in Bitcoin's history. So that move was, needless to say, very strong. Obviously impulsive is the word I've been using. So we're getting more confirmation again of that bear market ending.
And we're seeing a lot of buying of the dip. So Singapore public company, Genius Group, announced they're planning to buy $827 million in Bitcoin over the next five years. That's huge, folks. So you're seeing more and more companies around the globe looking to add Bitcoin to their balance sheet, whether they're a digital asset treasury company that is entirely focused on buying assets, or they're just a company like SpaceX and Tesla that just has Bitcoin on their balance sheet. Both are completely fine. I've often stated I'm not a big fan of what Michael Saylor has been doing because he's raising obscene amounts of debt to do it. And I believe he's over leveraged at this point. But for companies that are just saying, I'm going to take some of my cash reserves and I'm going to buy some crypto and put it under my balance sheet, that's totally fine. It's less risk for sure than raising all the debt that Saylor has been doing. Now speaking of digital asset treasury companies, Xrp Treasury firm Evernorth said the SEC form S4 related to their business combination with Armada is now effective, allowing progress toward a Nasdaq listing. Here's a quote from the CEO Ashish Birla, who I've had on the podcast many times. He says, we believe institutional finance will increasingly be built on chain. Evernorth is designed to accelerate Xrp's role in that work. So they're going to be buying a lot of Xrp. This is very good.
This is the first major Xrp Treasury company, if I'm not mistaken. I believe there's another one, but Evernorth would be huge being listed on the Nasdaq. And I'm looking forward to having Ashish back on the podcast to talk about this. So this is another avenue where people can invest in Xrp. And of course, they're going to be supporting the Xrp ecosystem, looking at integrating DeFi and generating yield and all these great things. So really great to see this. And they're a step closer. And I think they timed it right because you didn't want to do this in the bear market. You want to do it when a bull market and everybody's excited. There's more attention, more liquidity and more. Moving ahead, Charles Schwab adds Solana, Avalanche, which is Avax and Chainlink to Nascent Crypto Platform. So many of you know Charles Schwab most recently launched crypto trading and they're going all in, right? They were kind of late to the game, but they're here and they're offering crypto to their clients. And you may have caught my interview recently with Jim Ferrioli, who's the head of Crypto Researcher Charles Schwab. If you haven't seen that interview, be sure to check it out. We go through their strategy and his outlook on the crypto market. So US Financial Services giant Charles Schwab plans to add Solana, Avalanche, Avax and Chainlink to its crypto trading platform in the coming months, expanding its direct cryptocurrency offering beyond Bitcoin and Ethereum. Schwab Crypto began rolling out to retail clients in May, initially offering direct Bitcoin and Ether trading alongside traditional investments through Schwab's website, mobile app and thinkorswim platform. I don't think I've heard of that, but nevertheless, they're building the on-ramps for people to be able to invest in crypto. So all the major Wall Street firms are doing this, guys. Remember Morgan Stanley, I believe was late to the game, but they're here. And then Vanguard eventually capitulated and said, OK, we'll offer these crypto ETFs. So the brokerage said it planned to add more cryptocurrencies and digital assets over time, though it did not specify which assets it is considering or provide a timeline beyond the three newly announced tokens. I believe they're going to add Xrp soon. In my conversation with Jim, we talked about Xrp. He talked about the benefits of Xrp and much more. So again, he's the head of research. They get it, right? They're studying all these platforms, but they're going to roll out things over time. They're going to crawl, walk and run. But guys, look at what's being built, right? More on ramps for more capital and adoption. It's exciting and all the major Wall Street firms are here. The banks want to do it, the stock exchanges, everybody is here. Moving ahead, the UK to formally order Bank of England to advance stable coin and digital money innovation. Guys, we're seeing game theory play out here. Just over the past couple days, I was telling you about the US banks, both on the state level, the community banks and much more, who are launching their own blockchain and their own stable coins. Yesterday, we talked about the big banks like Bank of America, Wells Fargo, looking to launch global stable coins. So other countries and jurisdictions, they're seeing this and game theories playing out. No one wants to get left behind. They're all putting together their plan, guys. So I hope you see what's being built here. So this is where you got to send this news to the crypto skeptics, people who are not financially educated about what's being built. So Britain plans to give the Bank of England a new statutory objective to support innovation in stable coins and other forms of digital money, while keeping financial stability as its primary responsibility. The government plans to add the secondary objective through an amendment to the Financial Services and Markets Bill. The Central Bank would have to report annually to Parliament on how it's advancing innovation and payment systems and digital money, the Treasury said. The change would turn the government's push to modernize payments into formal responsibility for the Central Bank. Britain is working toward a single regulatory framework covering traditional and tokenized payments, including stable coins and tokenized deposits, while exploring how the rules should adapt to AI agent payments. Sounds a lot like what's happening here in the United States. Again, no one wants to get left behind. We are in the global race here, and this is where the United States needs to pass the Clarity Act so that we can remain in the driver's seat and gain the economic benefits. But make no mistake about it, this is a global asset class, and this technology will be used to power the future governments, capital markets and economies. Now folks, a great place where you can invest in Bitcoin, all coins like Xrp, Ethereum, Solana, Avax and more is on iTrust Capital. So iTrust Capital allows you to invest in crypto, precious metals and stocks in an IRA. The reason why you want to invest via an IRA is you get the tax advantages. So when you sell for a gain, you don't have to pay capital gains taxes whether it be long-term or short-term. That's huge. Many of you know the capital gains taxes is highway robbery by the government and you can get exposure to multiple asset classes, right? So for the precious metals, it's gold, silver and platinum and as mentioned, they have stocks as well. 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