BIG CRYPTO NEWS! NYSE TOKENIZED STOCKS! USD STABLECOINS TO GO GLOBAL! XRP LEDGER & SOLANA UPGRADES!

Tony Edward (0:05)

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. It really supports the podcast, and it doesn't cost you anything. Let's get into the news.

All right, folks, let's quickly start with the charts, because Bitcoin and the crypto market are seeing a bit of a pullback. But as I discussed in the previous podcast, that Bitcoin was entering that overbought zone, and naturally, you had to expect a pullback. So we're seeing the normal market behaviors playing out here. On the daily chart, the RSI is now below the overbought zone. So that's a good sign. The MACD is still in control by the bulls. But what really matters, what really matters, we've been tracking from months on now, is the weekly chart, right? The bullish divergence on the weekly chart, the RSI breaking out of that downtrend, the MACD showing the bulls are in full control. So that is what matters here. Because of course, you're going to have pullbacks in a bull market. But we have clearly entered into an uptrend. We've reclaimed a 200 day moving average. We have this bullish divergence playing out. And of course, on the stablecoin front, the USDT stablecoin dominance, we still see the bearish divergence playing out there on the weekly chart, showing there's still more liquidity that's going to make its way into the market. Now, of course, the macro backdrop, you do have the war with Iran. We're seeing the Treasury do incredible buybacks to help resolve the bond market issues. So liquidity is being put into the whole system. So everything is in alignment here. And that's bullish overall. So again, you do have to be patient. The market could go sideways till the end of the month or come down a little bit more. And then we find support and we keep moving up. Don't be surprised if Bitcoin goes down to 72k or something like that or 70k, right? What we are looking for is higher highs and higher lows. So with this pullback, we want to see the higher lows because that will maintain the bull market structure.

Now, let's jump into some news because we have some very, very big news here today, guys.

First up, the New York Stock Exchange signs a deal with BlockchainDOTcom to bring tokenized US stocks to 44 million crypto accounts. So you have the stock exchanges, the banks, the world's largest asset managers, all getting involved with Blockchain and crypto. They're doing tokenization of assets. They're offering crypto trading. They're launching custody. They're using stable coins and much more. So just look at the partnerships that are being formed here. Who would have thought the New York Stock Exchange would partner with a crypto platform like BlockchainDOTcom? And for my OGs who have been in the crypto market, BlockchainDOTcom has been around for a long time. So here's what the co-founder and CEO of BlockchainDOTcom had to say. His name is Peter Smith. I've deeply believed for a long time that people shouldn't be limited in owning stocks based on where they live or what brokerage they can access. By partnering with the New York Stock Exchange, BlockchainDOTcom will bring tokenized stocks on chain and open up 24-7 trading across the world. Economic freedom powered by open networks means access to the best financial markets and products for everyone. And this brings us one step closer to the vision we set out 15 years ago.

Incredible folks. I mean, I'm actually surprised the New York Stock Exchange partnered with BlockchainDOTcom because even though they've been around for a long time, they're not big like the other platforms like Coinbase and Kraken and so forth. Maybe they can do a lot more with BlockchainDOTcom because they have more freedom. They're not in competition with other people using the respective platform. It's maybe a bit cheaper as well. I can imagine Coinbase and Kraken and these big platforms maybe charge an arm and a leg to do things like this. So a really big move here about a New York Stock Exchange. And it's incredible, guys. So as we've been talking about for years, we're headed to that token economy. The markets will be 24.7, 365, no more opening and closing bell. That will be a thing of the past.

And the tokenized version of these assets will reach people across the globe. They could simply have a crypto wallet on a smartphone in some country in Africa, in some country in South America and other parts of the world. They can access finally some of these stocks, which they could not be for. And they can put it to work because it's in a tokenized format. They can own a fraction of it. So it opens up a lot of opportunities. It's pretty incredible. This is huge news.