HEDERA Tokenization | $GRYP Mining USING Debt? | $USDC BILL & Cannabis Stocks

HEDERA Tokenization | $GRYP Mining USING Debt? | $USDC BILL & Cannabis Stocks

[Music] welcome back in today’s video we’re going to be reacting to a recent interview that this YouTuber Jesus Martinez had with the CEO and co-founder of Arch a and basically just recently there was this uh news announcement from the team at hadera the harar foundation that Arch ax tokenized ownership of a black rock fund on the hadera blockchain and there was a lot of back and forth about whether this actually happened or didn’t and a lot of the I don’t know if it’s confusion or just misrepresentation of the information that was published but people took it as Black Rock was tokenizing their fund on the hadera blockchain and that’s not what the release said that’s not what harar said and that’s not what archa said so we’re going to break it all down we’re also going to talk about this news that a stable coin bill could be ready for the US House soon according to top Democrat Maxine Waters and they may actually also include um reform or Provisions about marijuana in that and what we are seeing is the cannabis stocks are moving significantly to the upside recently and what we’re also going to talk about is grion mining this is a mining company that we’ve been talking about recently and they have a fairly low market cap uh with very very big potential in my view but there’s some concerns that I have with some recent filings that they had with the SEC about potentially raising more money is this bullish or bearish for gri Griffin mining or grip we’re going to talk about all of that and more in today’s video don’t forget to give this video a thumbs up hit that subscribe button turn on notifications that way you never miss a new video we upload every single day of the year let’s get into it the stable coin bill could be ready for the US House soon according to Maxine Waters now keep in mind she’s been working on this for a few years now and she indicated that the final version of a stable coin bill could be ready very soon she said we’re on our way to getting a stable coin bill in the short run she said it’s about making sure investors have the and the people and that the people are protected we have to ensure that they have those assets to back up the stable coins now I agree with this right usdc and tether if they say they have the backing and they have physical assets to back the coin prove it right prove it and I I I think that that is important for the overall Financial ecosystem and also for the crypto ecosystem because we saw what happened with Tera Luna and Tera USD the Tera stable coin collapsed everything because it wasn’t backed even when it was backed by 880,000 Bitcoin it collapsed right so there definitely needs to be some type of Protections in place I do agree with that uh but there’s there’s a lot more here okay a marijuana banking bill could also be paired with the stable coin legislation the committee has announ advanced the marijuana legislation that could face opposition from the Republican leaders in the Senate however Maxine Waters said she was hopeful of overcoming that resistance if it were to come so what does this actually mean well if they’re going to push through a stable coin Bill and they’re going to put the marijuana cannabis in there and they’re doing it for banking because right now because marijuana is not legal on a federal level you you can’t transact in the traditional Financial ecosystem right Banks won’t Bank these these companies and so that’s a huge hurdle for a lot of these companies in states where it is okay to to to sell and so that brings us to the cannabis stocks and you know late last year I was kind of dabbling in them and then I was like yeah this is not really moving and I dumped them but then I started uh seeing a lot of convo at the beginning of 2024 about the potential to reclassify marijuana out of a class whatever it is schedule one drug and if they do that all these cannabis companies just based on the speculation alone in my view this is not Financial advice these are just my opinion strategy and thesis I could be wrong so make sure you guys do your own research before you make investment choices and never make investment choices based on what I say but in my view if they uh legalize marijuana make it easier to transact for the the companies that are in the industry or reschedule it Guys these cannabis companies are going much much much much higher much higher to show you how much higher they possibly are going to go just take a look at where they were back in 2019 when there was discussion about this happening as well again the year before the election we’re in a $40 50 range with till Ray and by the way I get it some of these companies they reissued stock they you know offered more but look at ACB ACB went from a, ,000 a share in 2019 and we’re now at $6 and by the way just since the beginning of the year uh Aurora cannabis went from basically 290 that’s the uh that’s the low for the year so far and by the way that’s the low for internet computer in September as well that was the low but yeah you can see that’s the yearly low $2.90 from $1,000 again the market cap is what matters not the price of stock but the market cap of this is 504 million Canadians so us that’s about 400 million approximately so you have a $400 million Aurora cannabis stock granted they’re not profitable but most are not because the overhead is very high because the regulations are different in every single area of the world right and so I don’t know I’m looking at this I’m looking at tillay and by the way tillay a year or two ago what they did was they re um kind of rest strategized if the Cannabis industry wasn’t going to be legalized so they kind of Diversified and now keep in mind tillay is one of the largest um breweries they’re the till Ray is owned several bre breweries and is the fifth largest Craft Beer Company in the United States the fifth largest so now they have the the beer side right the alcohol side and they also have the Cannabis side so they’re well positioned in my view and they’re worth $ 1.37 billion dollar right now and we’re at a176 right if this industry opens up I think they’re going to do extremely well that’s my personal opinion and seeing that they’re kind of trying to push it with the stable coin thing and it’s going to be like well if you either do both or none it’s could be really really bullish for these kind of stocks and so I’m definitely keeping an eye on it now before we get into the Griffin Mining stock I thought it would be important to talk a little bit more about what else is going on in crypto Avail data availability is now going to be integrated by arbitrum optimism polygon starkware and ZK sync now remember we’re hearing about data availability a lot more and data availability allows more interoperability more uh ability for one blockchain to tap other blockchains that do things better or more efficient the chain users will be able to opt in or out to use a veil for data availability to stash reams of data produced for all their transactions taking place now effectively they share that these five mayor major layer tws will integrate with a veil’s data availability Solutions users will be able to opt in or out to use the data availability a service needed by these rollup networks to stash reams of data produced on all these transactions taking place a key driver for data availability Solutions is that they can provide a cheaper and faster way of storing data than the main e ethereum blockchain aail came into the Limelight alongside other data availability projects which gained Buzz over the past few months like protocols such as Celestia that went live in October and enan layer went live in April ail’s data availability is still in testet but is expected to go live very soon and so ethereum is going to have a lot of negative sentiment over the next few months because ethereum ETF I think is going to be uh not approved we’re see we’re probably going to see more downside in the price of ethereum so understanding that there’s a lot that’s still in the in the pipeline to be released to be integrated to be launched they could do this once uh they believe that the bottom is formed and all these positive things that are in testet mode right now once they move to main net this could drive the recovery narrative in the ethereum ecosystem but I don’t know that it’s going to happen before the Bitcoin sorry before the ethereum ETF is approved or denied I think it’s going to be denied and I think that using the data availability Integrations can be a great way to kind of gear the ecosystem back to ethereum is going to be fine without an ETF because everyone’s going to think it’s the end of ethereum right so a veil just a few months ago announced that they’d be coming out with two or more core products Nexus a layer that connects different rollups to each other through the Avail ecosystem similar to polygon’s a layer and a veil Fusion which will borrow the security of crypto assets like ether or Bitcoin and contribute them to a veil security similar to the igen layer data availability is more production ready because data availity availability is going out soon according to one of the uh I guess Executives with the company Nexus is something that they have is still in development and they’re working with some of the teams to integrate the Nexus piece more closely and that brings us to hadera so again black Rock’s IC money market fund is going to be tokenized on hadera by Arch ax right so Arch ax is a like a fund manager and so they invest in things on behalf of their clients and what they decided to do was basically put the money market fund tokenize it on hyera so that they can manage ownership of the shares right and so uh there was a a lot of back and forth about whether hadera is hosting this money market fund whether Larry thinkink is the guy who said we need to be on hadera tomorrow and so now we’re going to hear from the horse’s mouth what happened and this is the CEO and co-founder of arch acts and he’s uh with Jesus or Jesus I’m guessing Jesus Martinez who’s a YouTuber and he interviewed him and let’s kind of understand what in the hadera blockchain went on here and I’m going to be playing this at uh we’ll play it at 1.5 speed so if you’re already watching this at speed it’s going to get faster and don’t forget to give the video a free thumbs up you can also click the join button down below if you want to learn more about becoming a channel member on the cryptoviser podcast uh so yeah let’s listen into what they talk about I’m going to skip around a little bit throughout but let’s listen in we’re going to start at 46 and this is uh why hadera me Graham why have you decided to build on idera yeah we uh we’re a chain agnostic been around six years uh you know we work with a number of chains but when we were starting to build our regulated exchange we knew that we needed High transaction through put where we came across hash graft so we’ve known the hia guys for a while they gave to Grant back in the day to start building a totalization engine with them and abine our largest external shareholder wanted us to tokenize their fund on hyera so we did that with them it was already in place for us so when we started working alongside other investment managers you know we had herera there as an option given it’s got high transaction throughput low fees governing Council good for institutions you know made a safe choice for this latest pro project yeah that makes sense yeah makes sense like in Divi I feel like it’s a bit slow but the the institutions are kind of creeping up have you noticed on ARX just a lot of interest in AER specific now we’re going to be uh skipping a little bit ahead but that’s why they chose hadera now we’re going to be going to the Black Rock fund and what what exactly the Black Rock fund is and all of this drama that we recently heard to this there was this huge announcement I don’t know if anybody has heard but it talked about how Black Rock had a money market fund that was coming in I don’t think a lot of us even know what a money market fund is but we know it has the word Black Rock on it so it must mean something you know a lot of people had conflicting opinions on the announcement the gravity of the situation how important it was tell me tokenizing assets onto the blockchain how many people are actually going to use this how do people gain access to this and is this actually a big deal yeah there there’s quite a lot there so what is a money market fund just think of it as something that’s pretty liquid almost cash-like but is invested in a load of high quality assets which tend to be lowrisk as well so things like government debt or or safe corporate debt so a lot of Institutions Park their cash there rather than in a bank and usually you can get access to your cash on t0 or T1 the reason why it’s become so much interest in this kind of rwa or web 3 space is because everyone’s looking at stable coins and going okay what stable coins there this thing I transfer around great utility value is brilliant but when interests are higher at five and a bit perc what you’re really doing is giving your interest to the stable coin issues right so we’ve all seen the amount of money that tether and circle and these guys are making because they’re making interest on other people’s money the vision is really imagine that when you want to go risk off you want to stop investing in crypto you know you don’t think Bitcoin is going to happen anymore you want to park it in cash you might buy usdc or usdt and sit there all the time they’re earning earning the return on your money now imagine you could have that in a tokenized money market fund suddenly you’re getting 5 and a half% a year but if you’ve got a tokenized money market fund you can still use it in all of the pools that theoretically you could in defi you can use it as the settlement currency when you’re buying Bitcoin you can use it to transfer to people so it should have all the same functionality as a stable coin but with a yield however issues start coming in because of stable coin regulation and you can’t pay interest on deposits so at the moment regulation kind of favors the fact that these stable coin issue is get to keep your return and you can’t have them so so I’m going to pause right there because this is the explanation of like what a tokenized money market fund is right and what he’s saying is accurate you know just recently in like March and April we saw tether and usdc market cap rising and I saw a lot of people in um on Twitter and stuff like that saying oh well the stable coins are rising that means everyone’s moving their money into usdc that way they can buy crypto and I’m like well some of that is accurate but the accuracy is in that people are moving their money slash Val into usdc and T because that’s what people do when they sell and now coinbase and many other exchanges for that matter but coinbase in particular their base currency is usdc and usdc and USD are they consider the same thing so when most of their uh customers sell they’re selling into usdc at this point and so when you when you’re seeing during the bull market these uh stable coins Rising that typically means people are selling you may not see the prices uh going down but that’s what it means it doesn’t necessarily mean people are moving all their money from their Banks into usdc just to ready to deploy because they could just buy directly from their Bank like you know what I mean uh so yeah that’s why people they move into money market they move into stable coins that’s exactly what he was talking about there so um this next part is why choose hadera and also uh does Black Rock know because everyone’s saying oh no this is not really this is not really big thing and black rock supposedly responded saying that they’re not uh they’re not partnered or doing anything on hadera and that that’s not what the announcement said that’s why I don’t understand why everyone is making such a big deal about this like uh like the hyera blockchain and Arch a are not doing things to put the money market fund on the blockchain or tokenize it they are through Arch acts not through Black Rock but it’s a black rock money market fund that they’re tokenizing for their clients so this whole Miss interpretation it’s just people who are not they’re not paying attention they’re just hearing what they want to hear they’re hearing oh hadera is saying that they got Black Rock that’s not true that can’t be that can’t be why would in our blockchain get that it’s like calm down guys calm down anyway let’s continue listening to what he says here rest of the world pretty much this year so has ARX ever tokenized anything on the blockchain or is this the first time you’re doing this with black rock yeah we tokenized the Black Rock fund we tokenized abine’s Fund in the past and we’ve tokenized UK equities so a couple of UK’s equities we tokenized guilts we’ve got two stable coins we’re working on both US Dollars one of them’s got an Associated State stable coin and the governance token as well so there’s a bunch of stuff we’re doing we developed our own tokenization engine so herera is one of the chains we can tokenize on as well as algorand ethereum polygon xrpl you know we tend to be commercially driven if our clients say put it on this chain then then we put it on the Chain they choose otherwise we kind of work with one of our partners so did you notice to what he says they do what their customers are asking them so their customers are saying we want it tokenized they do it so they want to tokenized on the xrpl like he just said hadera that’s what they do were you the ones that chose Adera or did your partner suggest Adera Well we’d already use hadera for the abdine money market fund and it worked well for that we’ve seen recently uh an issuance of a black rock money market fund on ethereum which worked well and I think almost immediately someone dropped some tornado cash directly into the D address of the the issum so we were just like okay let’s just you know let’s play it so we’re putting it on herera right now so you know a lot of it for us is about creating these products for our clients and starting to work out the functionality we want to open up to the community but really for all of the reasons I listed earlier low cost pretty high sophistication it’s green from an Institutional point of view it’s kind of a bit of a low risk from those institutions now we’re going to skip a little bit ahead to does Black Rock know because this is what everybody’s been asking that there was like a der person counseling them in regards to like crypto laws back in the day when we were all crazy during the bar market so it really does feel like they’re really tapped into this whole thing so hopefully it makes people more comfortable and so did Black Rock go ahead and sign off on this press release like are they aware that this is happening right now yeah yeah they’re aware so I guess you know what do we say on Twitter was kind of pretty much close to the truth as I guess a lot of stuff on Twitter is so what actually happened was archs wanted archs had clients that wanted to invest in the Black Rock money market fund when they expressed an interest we opened an account of Black Rock so that we could and with most of the Investments we make we want to tokenize them we told them that we were going to and then just out of a good relationship with them we said hey look we’re putting out a press release you guys happy to to check it so they checked it they gave their views on it so that’s you know why I said earlier in my tweet that people should check the official press releases from us because we’ll always work with our partners and get the relationships accurate there you know and some kind of went a bit off track saying hey you know Black Rock did this black rock did that black Ro were involved you know they’ve been great to us in all of the communications so far but Arch a has been leading the project yeah and that is the key Arch ax is the one who tokenized the Black Rock fund for their clients on hadera and anybody who is trying to say any different didn’t look at the harar foundation uh press release didn’t look at their tweet and obviously didn’t watch the cryptoviser podcast right here on YouTube because I actually have a separate video where we just break down the the note and the release and the Tweet about what happened and you know coin Telegraph coin desk they they’re writing oh well there was a misinterpretation it’s like why are you even reporting on that like no anybody with a brain was able to see that it wasn’t black rock that was tokenizing that it was ARX and that archa is a money manager and that they wouldn’t be harar wouldn’t be tagging black Black Rock if Black Rock didn’t know that their money market fund was being tokenized on hadera but anyway even with all of this there’s still going to be people who say but cryptoviser hadera is not uh hosting black rocks fund and these people they just don’t get it so unfortunately they’re probably not going to make it in the cycle I mean it is what it is can’t help everybody moving right along oh this is another article that we pulled up Griffin digital mining now we’ve been talking about this for a while I was calling it gyon mining a lot of people in the comments said I was pronouncing it wrong and apparently a lot of people do because they posted on their X page it’s pronounced Griffin not gyon if in doubt think of the guy from uh Family Guy Griffin anyway Griffin mining is doubling down after the Bitcoin having um so they announced that they successfully completed a hardware upgrade for their Bitcoin mining operations to enhance efficiency with energy now that the Bitcoin having is complete um they are mining Bitcoin at break even at 12 sorry 18,200 now that’s based on 2023 fiscal year I don’t know what their cost of mining is this year and they I personally think that they need to release that information because they keep referring to last year’s Mining cost but we’re in 2024 we’re not in 2023 anymore and so uh yeah they need to uh do that the other thing that I recently saw is uh we’ve been talking a lot about Griffin mining that they’re going to be doing a stock buyback and so if you go to their SEC filings you can actually see that um I think this was April one or something like that where’s the date yeah April 18th they said that Griffin mining announced on April 22 the adoption of a share repurchasing program under this program the company is not required to but may repurchase up to 5 million dollars in company shares now I thought this was great because they’re going to be uh buying back some of the stock right and you know when Supply is limited price goes higher but I was like why else are they doing this right that’s a lot that we’re not even in the bull market yet we’re not even really past the having this was two days after the having and so there’s other um there’s other fundraising it appears that they’re doing this um SEC filing is from April 19th the day after that and it says Griffin mining has entered into agreements with certain vendors pursuant to the company will issue vendors up to an aggregate of 1.3 million shares of company stock in payment for services rendered and other payment obligations over the next several fiscal quarters under contract Arrangement between them and the vendors so effectively they’re going to be paying their um their vendors the people who Supply them with goods or services they’re going to be giving them up to 1.3 million shares of the company’s stock as payment now this could be viewed as a positive thing or a negative thing on the positive side it would say okay well clearly they’re vendors they’re the people who are uh giving them something of service you know maybe it’s they’re fixing the machines maybe they’re providing whatever other service right they’re doing they obviously will think that grion mining is going to grow and that their stock is probably going to grow as well otherwise they would say no give us cash and then they would go and invested the way that they want so that could be viewed as a good thing but it could also be viewed as a bad thing like does Griffin mining even have the money or are investors going to be footing the bill for this because if you release 1.3 million shares and then they go and sell it that could put sell pressure on the stock and then every investor is affected by that and then if you’re buying the stock at that time you’re buying it from the vendor so you’re basically paying the vendor for work that they did for the company not for you that’s neither here and are there that just may be part of the fact that this is a small company and they’re growing and maybe they got a good deal for whatever service they’re going to be paying with Company’s stock so it’s not necessarily a bad thing it’s just something to keep in mind because this is going to be increasing the number of shares in the ecosystem and they also um posted this on as an filing on the same day April 19th this one is a little bit more interesting and makes me a little bit more bullish I think this one is actually better even though it could also be viewed negatively but think about this on April 19th uh Griffin mining entered into an at the market issuance agreement with B Riley Securities now keep in mind B Riley is the company that wanted to bail out core scientific before they filed bankruptcy they basically told core scientific we’ll give you money we’ll give you like I don’t know $20 million or $70 million and core scientific said no we want to go bankrupt and then B Riley was along with black rock is one of the biggest bailouts right Black Rock and B Riley actually bailed out core scientific so the fact that they wanted to bail out core scientific means that they knew that these companies are going to do well right cor scientific is a large Bitcoin mining company that’s at least my interpretation of it right and so now that they’re entering into an at the market sales agreement basically what they’re doing is they’re going to buy at the market price up to70 million of shares think about that $70 million of shares I want to put this in context for you guys Griffin mining’s market cap okay market cap uh is $53 million when I’m recording this video okay and we’re seeing B Riley wanting to buy up to 70 million shares of their stock so yeah that’s interesting it says the company will have the right but not the obligation from time to time beginning or whatever date they’re talking about here for B Riley on any trade day to act in a principal basis and purchase up to an aggregate of $40 million of share of its stock over the term of this agreement in the respective terms um however only one sale up to $2 million may be requested in the longer of a calendar week or every five trading days unless otherwise agreed to by B Ry Securities all shares sold to B Riley on a principal basis shall be distributed to them by any method permitted by law deemed to be an at the market offering basically meaning they’re not putting a limit order in they’re just saying we’re going to buy these at whatever the price is on the day that we’re buying it so if I want to buy right now it’s going to be a147 and so th this is in my view very very bullish very very bullish right because effectively it’s saying they can only buy up to a total of $2 million uh up to one calendar week or five trading days so $2 million per week There’s 52 weeks in the year it’s $100 million So within one year B Riley could effectively they’re going to be buying $2 million a week up to if they want the market cap of this stock is $50 million so I mean this this is actually EX extremely bullish now why they’re doing this agreement I don’t know this looks like it’s uh the ability for Griffin mining to raise $70 million by um issuing these shares because I believe that these are going to be new shares not shares like just from the open market and so even though the number of shares would therefore increase the fact that b Riley is willing to basically buy uh more than the what the market cap of the company is this is very very bullish in my view because they wouldn’t be buying the stock just for a quick flip I don’t think so based on what they did with getting uh with helping core scientific just from a financial standpoint like I don’t think that they’re going to invest $70 million just to think that the grion stock is going to go up to $3 or $ four do I think that they understand that the the potential growth of the grion team the grion fleet of mining the gyon potential in AI I mean there’s a lot there and so I am really bullish on it I mean it this could go wrong and I I mean I’m just giving you guys my opinions right I’m invested in gyon I’m invested in a lot of Bitcoin mining stocks I think they’re going to do extremely well during this cycle is it a risk absolutely it’s a risk right because maybe gon’s not going to do well we’ve saw a lot of Bitcoin mining companies uh go bankrupt or not do well financially during the bare Market but we’re in a bull market and I was a little bit concerned with the the fact that they were uh talking about uh paying vendors with you know with shares which I was like H that doesn’t sound too great but then once I saw this about you know B Riley this made me really really excited so let me know down below I mean honestly I feel like a lot of people are not looking at the Bitcoin mining stocks they will but they’re not right now and this is a great opportunity for investors to potentially enter positions in these areas that are going to what I believe is going to perform well in this cycle and again I’m not telling you 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