CZ Binance Says Crypto Bear Market Will be Over Soon!

**Tony Edward** (0:05)
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All right, folks, we got to start with CZ Changping Zhao, who is the founder of Binance. Well, he tweeted out today, Bitcoin won't be dead for too long. Don't panic in large, friendly letters. So the founder of the world's largest crypto exchange is saying, it's not going to be too long before we get out of this bear cycle that we've been in. Of course, the headlines are out there. Jim Cramer, all these people are saying Bitcoin is being murdered. It's dead and all kinds of hyperbole. But we know market cycles are playing out here and markets don't move in one direction forever. And we've been tracking on the charts, of course, that Bitcoin is in historic extreme oversold levels. The RSI in the daily chart is so bloody, so red. It's kind of ridiculous where it is. But this is where we have to be patient, let the market cycles play out because sellers are going to be exhausted. The sentiment is currently in extreme fear and you have a lot of headlines, as mentioned Jim Cramer and all these folks on mainstream saying Bitcoin is dead. So it is setting up the stage for a massive reversal. Now I'm not saying it's going to pump tomorrow but next week I think we have to let this play out maybe over this month and come July we start to see some major moves. I know some of you are going to say Tony, what about selling May and go away?
Yes, but we've seen that has been kind of broken in the past couple of years just with everything that's been going on in the markets with tariffs and a whole bunch of other stuff, right guys? It's been certainly volatile and timelines have been shifted. So I'm just going off the charts and I see the oversold conditions, I see the crowd capitulating, I see the extreme fear and that has me bullish. I'm not saying this is a move to new all time highs, but I think we're going to see a strong counter trend move. And big statements here from CZ.
Now, despite the bear market, we continue to see a lot of token projects as well as crypto infrastructure companies are raising a lot of capital. And it makes sense if you are an institutional investor, a VC or a hedge fund, you want to go buy at the lows with low valuations, right? So that you are putting yourself in place to make bigger returns as the market returns into a bull market phase. So Morpho has raised $175 million from Paradigm, A16Z and Rivet Capital to build on-chain credit infrastructure. The lending protocol already has $11 billion in deposits and accounts, Coinbase, Binance and Kraken exchange among its users. So big fund raise here from Morpho and they are doing a lot of the DeFi lending.
For example, if you go borrow against your Bitcoin or other crypto assets like XRP on Coinbase, Morpho is powering that. So this is really, really huge and big players participating, A16Z and much more. So the raise highlights the interest in blockchain-based financial infrastructure from banks, asset managers, and other traditional financial firms exploring tokenized assets and on-chain settlement systems. So really big move here for Morpho and I'm going to try to get some folks on from this project to come on and talk more about what they're doing. Now Japan's three largest banks, MUFG, MSBC, and Mizuho, plan to jointly issue a stablecoin by fiscal 2026
Folks, just recently, I reported to you all, JP Morgan, Citi, and some other big players, and this was reported by the Wall Street Journal, by the way, they are building a tokenized deposit system to compete with stablecoins. So all the banks now are trying to build their own version. Some will be on private blockchains, some will be on public blockchains, but we've seen these big banks have capitulated. They've tried to bypass public chains, but they are now forced to go on public chains because that's where the liquidity is. That's where the settlement is happening. So these banks can certainly come together and form their consortium and build their internal networks, but they still got to bridge the public chains. But you're seeing across the globe the move, folks, towards this technology. So this is the news you got to share with the skeptics and the people who think this is a scam and a Ponzi. They're missing the forest for the trees. They haven't gone deep enough to educate themselves, and we are seeing just some incredible adoption of this technology. Folks, quick word from our sponsor. This episode is brought to you by BitGo, the trusted infrastructure behind the digital asset economy. If you're serious about crypto, whether you're an investor, institution, or building in this space, you already know security, compliance, and execution are everything, and that's exactly what BitGo delivers. With over a decade of experience and 5,500 plus institutional clients across 100 plus countries, BitGo provides a full suite of services, including qualified custody, trading, staking, financing, and stablecoin infrastructure all in one platform. Let's break it down. Want to launch crypto services fast? BitGo's Crypto as a Service lets banks, fintechs, and platforms go live in as little as a couple of months without dealing with complex licensing or infrastructure. If you're looking to launch a stablecoin, BitGo offers a complete stablecoin as a service platform, from reserves and smart contracts to compliance, built to align with the new US regulatory framework that is the Genius Act. Want to earn rewards on your crypto? BitGo runs one of the largest institutional staking platforms with tens of billions staked across 50 plus networks, all while your asset stays securely in qualified custody. Need deep liquidity and execution? Their trading platform aggregates liquidity across 30 plus venues, giving you better pricing and the ability to trade directly from custody, no pre-funding required for approved clients. And if you need capital, BitGo offers crypto-backed financing, so you can unlock liquidity without selling your assets. So here's the bottom line. BitGo is one of the first federally chartered digital asset infrastructure companies offering regulated, insured custody and a platform built for institutions. But accessible to forward-thinking players across the space. So whether you're scaling a fintech, managing a fund, or building the future of finance, BitGo gives you all the tools that you need to do this securely, compliantly and at scale. So learn more at bitgo.com and see why the biggest players in crypto trust BitGo. Okay, moving ahead. Chainlink will power the official FIFA World Cup Prediction Market Partner, enabling instant payouts and market resolutions for billions of football fans worldwide. So it's great to see crypto blockchain technology being leveraged in different walks of life, in different industries, in the entertainment and sports industry. And I'm a holder of the Link token. I'm very bullish on Chainlink. Their technology is not only being used by native crypto projects and competing blockchains, but also TradFi. So they've been doing some incredible things.