0:03 in crypto. I I think that there has been
0:07 some concerns about uh you know quantum
0:10 >> breaking news. JP Morgan steps further
0:13 into crypto with tokenized money market
0:16 fund on Ethereum. If you know somebody
0:19 who holds Ethereum, send them today's
0:21 video. Smash the like button and let's
0:23 talk about how big this is for the
0:26 cryptocurrency industry. JP Morgan, the
0:29 banking giant with 4 trillion assets
0:31 under management, is rolling out its
0:33 first tokenized money market fund on the
0:36 Ethereum blockchain. JP Morgan will seed
0:39 the fund with 100 million of its own
0:41 capital and then open it up to outside
0:44 investors on Tuesday. So, the fund is
0:48 called my onchain net yield fund. MY
0:51 money looks like a normal money market
0:53 fund. It holds assets designed to
0:56 preserve capital and stay liquid. What's
0:58 different about this fund is that it is
1:01 on Ethereum. It's different how the fund
1:04 operates. Shares are issued and tracked
1:06 on Ethereum using JP Morgan's Kinex
1:09 platform. This lets the funds settle
1:11 faster, issue and redeem shares
1:14 continuously, and move ownership without
1:16 waiting on traditional clearing systems.
1:18 Right now, this product is only open to
1:20 large investors, individuals with at
1:22 least 5 million in investments and
1:24 institutions with 25 million. For
1:26 investors, the risk profile and purposes
1:29 are familiar. For JP Morgan, this means
1:31 faster cash movement and tighter
1:33 integration with treasury and collateral
1:35 systems. Large asset managers are
1:38 starting by moving fastest. The most
1:40 conservative products onchain first
1:42 because that's where efficiency gains
1:44 show up immediately. Adoption is
1:47 accelerating. We tweeted this news the
1:48 moment it was published. Make sure
1:50 you're following us on Twitter for daily
1:53 crypto updates by the second. Let's talk
1:55 about how big this is for the industry.
1:57 Again, if you're getting value today,
1:59 smash that like button. What you need to
2:01 know is this. Black Rockck, JP Morgan,
2:05 Fidelity, UBS, State Street, BNY,
2:08 Invisco, Deutschbank, and so much more
2:11 institutions are tokenizing on Ethereum.
2:14 Next, they'll have to buy Ethereum and
2:16 stake it. We know this is going to
2:18 happen. They'll have to buy Ethereum and
2:20 stake it to increase its economic
2:23 security and to earn a yield while doing
2:25 it. We know this is coming down the
2:27 line. This is bullish for ETH. The price
2:30 is tanking today. Yes, Bitcoin hitting
2:33 $85,000 range. But think about
2:35 everything that's going on behind the
2:37 scenes and what smart money is doing
2:39 while retail is unsure. Think about
2:42 this. Vanguard and Schwab flip bullish
2:45 the same day a week ago, allowing for
2:48 crypto ETFs at Vanguard and soon native
2:51 asset trading at Schwab. JP Morgan comes
2:53 out and finally capitulates and builds
2:56 on Ethereum's public chain. The biggest
2:59 institutions in the world are showing up
3:01 on chain. They are telling you in an
3:04 obviously coordinated way that they are
3:06 going to pump this thing into the global
3:07 settlement layer while you're
3:10 capitulating on crypto and or stuck
3:12 playing small ball. This is the most
3:14 insane shakeout I've ever seen in my
3:17 life. So many have left or are still
3:19 leaving and sentiment is the worst I've
3:22 seen in years. You will be and are
3:24 getting replaced by millionaires and
3:26 billionaires from the world's global
3:29 elite, not our audience. This is why you
3:31 subscribe to Altcoin Daily. Subscribe to
3:33 Altcoin Daily for daily crypto videos
3:36 keeping you informed. Follow us on X for
3:38 up totheminute updates on everything
3:40 going on in crypto. We're just about to
3:43 hit 2 million followers. We're so close
3:45 to 2 million followers on Twitter. I'm
3:46 going to leave a link so you can follow
3:48 us below. So, let's talk about what's
3:50 going to happen over the next few years.
3:53 >> I I think that there has been some
3:57 concerns about uh you know quantum. I've
4:00 just thought about this today. Most
4:01 people won't think about this until
4:03 we're back in the bull market again.
4:06 When the bull market comes back, I think
4:09 the Ethereum will flip Bitcoin narrative
4:11 will come back stronger than ever. This
4:14 is Ethereum's cycle to lose
4:16 understanding everything going on and
4:19 I'm aware most people have no idea that
4:21 everything is being built in the down
4:24 market. Breaking news. Visa launches
4:26 stablecoin advisory practice to keep up
4:29 with crypto wave. The stable coin bill
4:31 passed a couple months ago. This is not
4:33 a surprise to us. We know that things
4:35 like this will happen are happening.
4:37 This will happen with the mag 7, the mag
4:40 10. All big entities are now integrating
4:43 stable coins. And so how lucky are we
4:45 that we know the crypto market structure
4:49 bill legislation act will be passed ASAP
4:52 in a bipartisan sticky way. Hey
4:54 everyone, Brian Armstrong, Coinbase CEO
4:56 here. I'm in the halls of Congress back
4:58 again pushing for market structure
5:00 legislation. We've seen a lot of
5:01 progress since I was last here. We've
5:03 now seen draft text shared by the Senate
5:05 ad committee. Senate Banking is also
5:07 working nights and weekends to get the
5:09 next iteration of their text out. So,
5:11 we've got a good chance, I think, of a
5:13 markup for this bill. This would be a
5:15 big milestone to get crypto unlocked
5:16 with clear rules in the US, which would
5:18 benefit all companies. Thanks all of you
5:20 for continuing to show up and contact
5:22 your representatives and keep pushing
5:24 for clear rules for crypto in the United
5:26 States. We will keep doing our part here
5:27 as well to try to make it happen. Thanks
5:28 so much.
5:31 >> The latest news is as follows. In a
5:33 statement, a Senate Banking Committee
5:36 spokesperson confirmed this AM that the
5:39 Banking GOP, the US Senate Banking
5:41 Committee, will not hold a market
5:44 structure markup this year. They want to
5:46 make sure this is sticky. They want to
5:47 make sure it's right. They want to make
5:49 sure this passes in a bar bipartisan
5:52 way. So the committee is continuing to
5:54 negotiate and work on it and looks
5:57 forward to a markup in early 2026. They
6:00 now say this is happening in 2026. Oh,
6:03 also news today 11 trillion Charles
6:05 Schwab adds Salana futures to its
6:07 trading platform and actually taking
6:10 stock of all the blockchains this year.
6:12 Solano ecosystem recorded its second
6:15 consecutive year as the most popular
6:19 blockchain ecosystem capturing 27% of
6:21 global interest in chainspecific crypto
6:25 narratives in 2025. So very strong year
6:27 for Salana. But I want you to notice
6:30 that two and three are base and
6:32 Ethereum. And then down here we also
6:34 have Arbitum and Lineia. But I actually
6:35 think if you take Ethereum and Ethereum
6:37 layer 2's, Ethereum is number one and
6:39 then Salana. But either way, the data is
6:42 clear. Salana base and Ethereum still
6:44 lead interest in blockchain ecosystems.
6:46 So glad you're joining us back at Tom
6:49 Lee Daily. Listen, if other people
6:51 talked about the future of crypto as
6:53 much as Tom Lee did, I would share them
6:55 equally. The fact is Tom Lee is stepping
6:58 up week after week telling people the
6:59 value prop of Bitcoin, Ethereum, and
7:02 crypto. And for that, we salute you,
7:04 Tom. And in this particular statement
7:06 right here, I happen to agree with him.
7:08 He says, "In crypto, the best years are
7:11 definitely ahead because today there's
7:13 only 4 million Bitcoin wallets with
7:16 $10,000 in it. There's 900 million IRA
7:18 and brokerage accounts globally that
7:21 have $10,000 in it. That's a 200 times
7:23 larger of a market. And he says a lot
7:25 more. In crypto, the best years are
7:27 definitely ahead because today there's
7:29 only 4 million Bitcoin wallets with
7:33 $10,000 in it. There's 900 million IRA
7:34 and brokerage accounts globally that
7:37 have $10,000. So there's that's 200
7:40 times larger market. I I think that
7:44 there has been some concerns about uh
7:46 you know quantum and then there was that
7:49 huge deleveraging event on October 10th
7:51 but the crypto fundamental story I mean
7:52 is exiting on a really high note this
7:55 year. You know the US government passed
7:57 legislation and regulations favorable
8:00 for crypto and we know Wall Street has
8:02 expressed a lot of interest in building
8:05 products on the blockchain. So, it's
8:07 almost like they both have great
8:09 visibility, but the price levels are
8:10 just what's being uncertain.
8:13 >> And this is significant, too. Per Poly
8:18 Market, 95% chance the next Fed chair's
8:21 name is Kevin. Huh. Interesting little
8:23 wager you can bet on on Poly Market
8:25 here, but it's saying either Kevin
8:27 Hasset or Kevin Worsh. They're both kind
8:30 of surging. Originally, we thought it
8:32 was going to be ex Coinbase advisor
8:35 Kevin Hasset. Now, it looks like Kevin
8:38 Walsh, also into Bitcoin and crypto, is
8:41 surging. This is another big tailwind on
8:44 the horizon. 95% chance the next Fed
8:46 chair is a crypto holder. And we know,
8:49 no matter who it is, the next Fed chair
8:51 will do what Trump wants and cut rates
8:54 even more. You know, that Poly Market is
8:56 a channel sponsor. They're the only
8:58 major prediction market that uses crypto
9:00 rails. And in that way, they are the
9:02 number one prediction market in the
9:04 world, which happens to be a crypto
9:06 company. And they're predicting future
9:10 events often a lot more accurately than
9:12 the mainstream media. And another reason
9:15 why the market is tanking today, because
9:17 for whatever reason, there's a 1% chance
9:20 that Michael Sailor's strategy sells its
9:22 Bitcoin position or any of it this year.
9:23 And that's congruent with what we know
9:25 about the company. But what's
9:27 interesting is for whatever reason, 30%
9:30 chance strategy sells next year, if you
9:31 were to bet $1,000 on this, you could
9:34 win 25,500. But these odds, this
9:37 information is one reason why the
9:39 markets are a little shaky today. If you
9:41 want to start using Poly Market like me,
9:44 I'm going to leave a link to Poly Market
9:45 so you can make an account below. Like
9:47 you can bet on the Super Bowl, you can
9:49 bet on the Fed's decision, you can bet
9:52 on who will Trump nominate, Tesla, all
9:54 kinds of sports games obviously. And
9:57 like I always say, the crypto section is
9:59 where I think that our audience would
10:01 have the most alpha. Not all of them are
10:02 as interesting, but some of them are
10:04 really interesting. And some of them,
10:06 generally speaking, are weird. How many
10:08 gifts will Santa deliver this year?
10:10 Let's click on it. This is right now a
10:12 bet on Poly Market. You will have to
10:14 read the rules how they're kind of uh
10:16 evaluating this, but this is just an
10:18 example of the wild and crazy wagers you
10:21 can do on Poly Market. Again, as
10:23 somebody rooting for crypto companies to
10:26 kind of usurp other companies, I like
10:28 the fact that Poly Market just took
10:30 third flipping both FanDuel and
10:33 DraftKings. Like look at this top three.
10:35 Crypto is winning and Poly Market just
10:38 shot up big. Yes, my friends, crypto is
10:41 down today, but over longer periods of
10:43 time, the trend is going in one
10:45 direction. Never miss any cryptocurrency
10:47 news. Subscribe to Altcoin Daily. Join
10:51 our team. Look guys, could Bitcoin hit
10:55 75 to 70,000 on this dip? Yes, it could.
10:57 That was kind of last cycles old
10:59 resistance. Now, very strong support.
11:01 Even if we're consolidating over the
11:04 next 3 6 8 months, even if that's the
11:07 case, I tend to agree with this outlook
11:09 for the next several years in
11:12 traditional markets and crypto. As the
11:14 BitMEX founder Arthur Hayes says,
11:16 Bitcoin will likely be in a bull market
11:20 until 2028 for this reason. Make sure
11:22 you subscribe to Altcoin Daily. I'll see
11:23 you tomorrow. Japan, the new prime
11:26 minister, she is talking about printing
11:29 money to help households pay for goods
11:30 and services because of the high
11:31 inflation that was caused by the printed
11:33 money of the previous administration who
11:35 she loves aomics. Um, so they're
11:37 printing money in Japan and then the ECB
11:38 is going to have to print more money to
11:40 save the euro. So again, all around the
11:41 world, the politicians are going to
11:43 print more money and so I see it as a
11:44 completely different scenario than let's
11:47 even talk about 2021 when Jerome Paul
11:48 was talking about tightening credit when
11:50 every central bank was tightening credit
11:52 because of inflation. We are in a
11:54 scenario where the politicians around
11:56 the world regardless of where you live
11:57 are talking about spending more money
12:00 without raising taxes. And so that's why
12:01 I believe that this particular cycle
12:03 will extend. I think it's going to
12:05 extend into the 202728
12:07 time period, but again, who knows how
12:09 long it will go for. But as long as the
12:11 politicians are going to print money to
12:12 hand out goodies to people to support
12:14 them, we're going to keep going higher
