 Welcome to Digital Asset News, the top stories in cryptocurrency and digital assets, and bring them down to bite-sized pieces. These next two stories we're going to talk about were two articles I was doing in the beginning from the first video that we released earlier in the afternoon, and since we had to cut it for time, I put these two into this video so we can do a live from here. So let's jump right in. First up, analyst Dave DeWave says Bitcoin facing one last test ahead of rise to 120,000. Like I said before, I'm not big into the Bitcoin price prediction because who really knows what it's going to be? But there's a couple of things that Dave said in this article which makes me extremely happy and also very bullish also. Also, analyst Dave DeWave says Bitcoin facing one last test ahead of rise to 120,000. I'm not real big on Bitcoin predictions, but what he says in here really got me excited. And finally, I almost feel guilty talking about this subject, but Binance joins the DeFi craze, unveils new platform for yield farming. The reason I feel guilty is because people have been losing their shirts on DeFi and also making a lot of money for the ones who get it early. This one will probably be enormous and I'm very weary of the whole DeFi craze, but this is the news that's out there, so I leave it to you. But before we get into that, let's take a look at what's going on in the market. So it is still September 8th. Nothing really going on and not too much of a draw. Although, no, I take that back. Bitcoin is teetering on going below 10,000. It's only got $5.22 to go, so we'll see what happens. Ethereum 335, Tether's Tether, XRP, yeah. Chainlink, 4% down. Yeah, 1162. Everything's down just the couple of hours that's taken between the first video and the second video. So not a great day. However, great day if you're looking to pick up some cheap cryptocurrency, but we'll see what happens. I don't see a good resolution here. Ooh, UMA up 10%. Unfortunately, down 26%. And you know what? All these 24-hour things don't really, it doesn't really matter. What really matters is what is this coin doing or what is this token? What is this coin? What is this altcoin? What is Bitcoin doing? And has there been really any changes? Fundamentally, has anything changed with any of these cryptocurrency? Has anything been hacked? Has the team come out and said, you know what, produce a bunch of scammers? Fundamentally, nothing has changed. The only thing that's changed is the price. And if you believe in your project and you think, you know what, in the next five years plus or however long you think it's going to take, if you believe that it's going to change the world, invest. Invest. Because guess what? It's the early investors like you and me that really pay all the dividends as time goes on. And that's just what I believe. All right. Let's jump in the two articles today. All right. So analyst with remarkable track record says Bitcoin facing one last test ahead of rise to 120,000. Now this, again, I'm not a big fan of the whole Bitcoin's going to this and Bitcoin's going to that. Because we never know. It could go, I'm not going to say it goes to zero. That's just so dumb. It's not going to go to zero. I mean, it's not going to happen. But we don't know if it's going to 100,000 or 800,000 or 10,000 or whatever. We just don't know. But I like this information about what Dave the Wave talks about for one reason. I'll get that right now. So real quick in a new tweet, the analyst known as Dave the Wave said it's within the realm of possibility for Bitcoin to continue consolidating for the rest of the year. You can't see me, but I have my hands in prayer pose. I hope I pray that Bitcoin keeps consolidating for this sweet, sweet ride when we can all just keep being investors and dollar cost average in and just pick up Bitcoin on the cheap. Because I truly believe it's not going to be 10,000 forever. It's going to go up and I see it going anywhere between 100 and 250,000. That's just my prediction. Again, I don't like to make them because they kind of seem a little bit ridiculous right now. But look what happened in like 2012, 2013. People, I mean, it was like, you know, 300 bucks. People are like, oh, you know, Bitcoin could at some point reach $1,000. And now we look at 1,000, we're like, can you imagine if Bitcoin was $1,000? What a piece of junk. So you got a dream. Anyhow, so Dave, to make this quick, he draws a nice little algorithm line or lines of support where it's going to bounce off. I'm not a TA person, so I'm not even going to get into it. I'm not even going to pretend that I know what he's talking about. But basically it's all trend lined and levels of support. And I can see that. I mean, just going across here where he draws lines, it's all about where you draw the lines, right? So fantastic. But it states here Bitcoin may continue hovering above the form resistance of the triangle at the end of the 2017 Bitcoin bull run and kept the market bearish for over two years and leave me those sucked. But this is the interesting stuff. Dave's chart also shows that the previous resistance and the logarithmic growth curve will touch base on December 31, 2020. According to Dave, the meaning of the two support lines can ignite a bull market that catapults Bitcoin 120,000. Do I believe that? I don't know. But I can tell you this. I am happy. I am ecstatic that we can continue on with this 10,000, just nothingness for as long as we want to, well, maybe two or three months, and just accumulate. I'm all about that. That's fine because I know that Bitcoin will only increase. I had a discussion with Alex Maschioli about this. He's the head of the Bequant institutional services and he gets like big players in the game. And I just asked him, I go, Alex, what are these people talking about when they talk about cryptocurrency? What are they investing in? Because Grayscale has their Litecoin fund, their Ethereum fund, their XRP fund. He goes, you know, they're talking about Bitcoin and that's it. So these big, massive players, these are the ones that are getting in and that I think is what will drive the price up. Could be wrong, but who knows. But as far as like the actual price action, what's going to happen in the future? I mean, you can draw these all day long. I'm not a TA guy. I just don't get into all those trends. I can take a look at price action and see what happened. And this is what I always talk about between the first having, second and third. Again, past performance is not indicative of future happenings, however they say it. But if you look at the first having on November 28, 2012, that was the date of the first having. And then in a year's time, it reached an all-time high of 994 bucks or let's just say a thousand, right? So the price on November 28, 2012 was 12 bucks. And then in one year, it went up a thousand. That is an 8,000% increase. So we go from the first having the second, which we all remember that all some of us do. The second having happened on July 9, 2016 and the price at that time was 650 bucks. Pretty good. Then in a year and a half on December 16, 2017, it went to almost 20,000. So between the first having and the second having, by about a third. So a 3,000% was the gain. So from 8,000 to about 3,000, we'll round it down. We'll say about a third, right? Now, the third having happened in May. This was actually this in December. So I thought it was around May 16. It was like May 11, May 12, some around there. And I always thought it would be around 10,000. And it was around 10 grand. So I just looked at this. I'm like, well, for the first, the second, it went from a year to a year and a half. So maybe it'll be two years till when we have the next all-time high for Bitcoin. So if we take a look at that then maybe in 2022, which we're roughly looking at about another gear and eight months or somewhere around there, we can go from 10,000 to 100,000 because it went from 8,000 by about a third, 3,000 by another third, 1,000% 100 grand. That's a very conservative number. Who knows if I'm right or wrong? That's just how I see it. Let me know what you think in the comments section. Let's move on to our last article. Next up, I'm guilty for even talking about it. But I mean, we have to, right? DeFi is, it's out there. And I, I'm not, I'm nothing against DeFi, nothing against DeFi. I think it has its place. I think it's gonna be massive in the future. I think it's gonna be great for small businesses like myself. And we can just, you know, put up collateral and get these fantastic rates and don't have to jump through all the hoops like we have to do now with the bank which suck. So yeah, I think it has its place. Do I think this is the final iteration? No, I did not. So what's going on here? Binance, the world's largest crypto exchange has unveiled details of a new product called Launch Pool. This platform will allow users to stake assets and earn interest and bearing rewards and yield farming. Binance is, they take risks. I'll just tell you this. CZ Binance, that guy is just like, you know what? See what happens. He's also the guy that also listed sushi. And that was to me an exit scam. But what are you gonna do? That's what they did. And no risk, no reward, right? However, me, I try to minimize my risk as much as possible. I'm mostly going for sure things and I'm not into that. Anyhow, the platform's first project is a Bella protocol or Bell. And it will let users stake Binance coin, ARPA token, and Binance USD stablecoin in three separate pools to form Bell tokens starting from September 9th. So that's how DeFi all works, right? When you stake your tokens, in this case, you're going to be able to stake Binance coin, ARPA or BUSD. They're going to give you Bell just for free. And if you take a loan out like, Hey, here's your money. And also here's some Bell tokens. It's like, it's like a parting gift. It's awesome. However, don't depend on that because we see what happened with Sushi and all the rest of this stuff. I know some people say, Sushi's still around. It's awesome. Sure, I guess. To me, I just think it's a very risky game. That's all. To finish up, it says, although 5% of the total Bell token supply has been set aside for staking rewards, staking Binance's VNB token will yield the highest reward, surprise, surprise. Specifically, users who stake VNB will earn 90% Bell rewards, 9% for staking BUSD and only 1% for ARPA. So who's going to stake that? Come on. VNB is going to be what everybody stakes. Rewards for this project will be distributed 30 days from this coming Wednesday, which is Manjana, which today is the eighth, which is Tuesday. And a week after that is September 16th, Binance will list Bell token for trading on the exchange surprise. The Bella protocol aims at streamlining, because I was like, what is this? What does it do? So it aims at streamlining the DeFi experience by leveraging the one click design. I like that. And also cutting the gas fees. Oh, I really like that. Bella co-founder and CEO, Felix Zoo, postulated this at Bella. We want to bring your everyday banking experience to crypto. Interesting. Majority of crypto holders cannot participate in DeFi due to high cost and poor user experience with Bella. Users can save gas fees and time, enjoy high yields from sophisticated strategies, and leave all the heavy lifting to us. We aim to become the BlackRock of crypto. That's huge. I didn't, I didn't remember this BlackRock of crypto BlackRock, we don't know is like a, I want to say a trillion dollar. No, I know it's like six or seven trillion assets in our management, something like that. And it's a just enormous firm, a firm based here in the US and New York for asset management. So if they're saying that we want to be the BlackRock of crypto, it's a pretty lofty goals. And they want to bring 10x more users to DeFi ecosystem. Well, that's not going to be tough because everybody, you know, pile in because they want to see how much free money they can make. So I don't see how this project could actually fail. It means backed by Binance, but it could be wrong. Let me know what you think in the comments section. And that's it. 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