SHOCKING! HUNTER BIDEN TO LAUNCH MEMECOIN! HUGE TOKENIZATION ON AVALANCHE AVAX!

**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. 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 many times, he says, Bitcoin just achieved a weekly close above its 55-week and 100-week EMA ban 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, not to mention a bearish divergence has been playing out on the US, and the ETC Stablecoin dominance. So, we've been monitoring different signals. So, we are turning the 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 it possible? Is it highly probable? I believe there's a higher probability that this is not a fake out and we have turned the corner, given all the different factors we've covered in the past 3 to 4 months.
I don't want to 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 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 don't want to say that that's impossible. Again, we're talking probabilities here. But if it can cool down to where, again, the RSI is maybe near the neutral zone, 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 really going to have to be patient here. Maybe we see it sooner. I don't know. Could the Clarity Act passing be a big catalyst? No, certainly possible. So let's see, guys. Things are looking really good here, and we got to be patient. And in addition, we are seeing a lot of big institutional investors are buying the dip. We had recently covered just last week that institutional investors like Goldman Sachs and others have been buying a lot of XRP. Well, look at this news. Spot Bitcoin ETFs pull in near a billion dollars 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 examples because they had standout weeks, right? A lot of capital flowed in. So this is really a very positive sign that demand is picking up. And then people are starting to recognize, okay, the bottom is in here. Let's start loading up and get ready for the next leg up for Bitcoin and all coins. So this is very, very good. All right, folks, we got some crazy news we got to 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 PumpFund or Robinhood Chain. He's doing it on Coinbase's Ethereum layer two 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 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.