BLACKROCK ONDO FINANCE BIG TOKENIZATION NEWS! BITGET CRYPTO EXCHANGE HACKED!

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. We are approaching 200,000 subscribers on YouTube, so make sure you subscribe. And if you're listening on Spotify or Apple, join 80,000 listeners and follow and leave a five-star rating. It will really help support the podcast. Thank you so much. Okay, folks, let's quickly look at the charts. Bitcoin is still consolidating. Bulls are still control on the daily chart per the MACD.

The RSI has moved away from the overbought zone. So we're waiting to see what's going to happen next. Bitcoin could correct further. We could potentially see a drop down to the low 70s, 74, $72,000, or we consolidate and we keep moving higher. So this is where we're going to have to be patient. But as Bitcoin is cooling down, we're starting to see some of that liquidity hit all coins in different ways. So for example, Litecoin has been pumping today, pumped up to $72.

And a lot of the old Litecoin community has been on X talking about this pump. And it's kind of nice to see these legacy coins, you know, starting to wake up. It means liquidity is starting to rotate. I think some folks at Ethereum Classic is also on the move. I have a little bit of Litecoin I still have in my portfolio since 2017

So, I'm certainly looking for this to go higher. I'm sure some of you have some legacy coins in your portfolio. But right now, Litecoin is in the overbought zone, so expect to pull back sooner than later. But it's nice to see some life here, the liquidity rotating through the market. And this is what we want to see for alts to start waking up, for them to go higher, you know, break through the resistance levels, set new support levels, and then continue higher. But it won't go up in a straight line, right? It moves in phases. Now, something we do have to be a little bit cautious about with the markets, because it could potentially set up a Black Swan event. And I know Black Swan events are things that happen, which nobody expects. But the 10-year treasury yields hits the highest level since July 2007 And we know what happened later that year into 2008, right?

And it's not looking too good right now for the bond market. And of course, Treasury Secretary Scott Bessent has been doing debt buybacks. And that's injecting a lot of liquidity into markets. But this situation seems a little bit out of control. Now, I'm not calling for a crash. I'm not saying there must be a crash. I'm just saying I'm seeing some things here that don't look good. It could be resolved and it won't matter. But we as investors want to look at all scenarios, be prepared for all scenarios, and look at what's happening in the macro, right? We often talk about that. That could impact crypto in the broader markets. It's just something to think about. I tweeted out about this saying, well, if we get a black swan event, referencing the 10-year treasury yield, the bears will be happy. It's the only thing that will save them.

I've been saying that for a while. The only thing that could save these bears is a black swan event because we have a lot of bullish signals. Of course, the higher timeframe for Bitcoin and the weekly chart still looks absolutely bullish because that bullish divergence has been playing out for months now. This looks really good.

Let's be patient and let's see what the market takes us. Now, we have huge news around BlackRock and Ondo Finance, and it involves tokenization, of course. If you all remember, Larry Fink, CEO of BlackRock said a few years back, tokenization is the future of finance and BlackRock has been building since then. They launched their money market, their tokenized money market fund. They've been doing a lot. Well, now they partner with Ondo Finance, and here's what Ondo tweeted out. Introducing Ondo Intelligent Portfolios. The first three portfolios powered by BlackRock. Ondo Intelligent Portfolios introduces a new on-chain product category, curated investment portfolios delivered as single on-chain transferable tokens. So folks, we've been talking about it. We're headed to the token economy. The infrastructure is being built out here. So a couple of takeaways here. Ondo, I have it in my portfolio. I'm very bullish on it. Number two, we're seeing the merging of TradFi and crypto at a rapid pace. And number three, BlackRock continues to build with crypto technology and blockchain technology. So I hope you guys see what's happening here. So they continued saying the first three portfolios are based on portfolio strategies developed by BlackRock for Ondo, making it the first time eligible on-chain investors can access exposure to such strategies through a single token.