 Great. Welcome to Digital Asset News. My name is Rob, and today we're going to go over a lot of different topics. First up, we're going to talk about just a quick market recap. We're going to talk about leverage, liquidations, and of course, everybody's favorite, the unlock schedules for certain cryptos. Then we're going to talk about some good news for supply and chain issues as we talk about China, what's going on over there. But there's also some concerning news from the Fed. And then lastly, we'll talk about the reason why you're here for the thumbnail on the title, is why is Cardano pumping so much as opposed to all the other cryptos? So we'll answer all those questions in a bit. But first, let's take a look at what's going on into the market itself. So first of all, thanks everybody for stopping by on a Tuesday. I hope you had a good Memorial Day three-day weekend here in the States. And the market's up and we're doing pretty good. So I just want to remind everybody that, hey, when the market's up, even though we're not up to like, you know, $3 trillion, $4 trillion. Remember to strut around a little bit. Be happy, right? We don't keep going down whatever you want to call this, dead can't bounce, a relief, or the start of the next parabolic bull run. I don't know. Maybe you have better information than me. But just remember, like these are good days. So I will always remind you, always remind you from now on that when the numbers go up, this might be an opportunity for you, depending on your investment strategy, to take those profits. Nobody, everyone broke taking profits and that is up to you. And this is just one of the things that I've learned along the way. So on top of that, I also want to say that there's a nice big pump going on with Cardano. And I found this image quite, quite funny. And what it really comes down to is this, don't bet against the community. Sometimes when the community is just so strong, like you'll see an XRP, like you'll see in a Cardano, like you've seen a lot of different or certain projects, they have a pretty big voice and a pretty big following. And that is really what it comes down to. And that's the first, when I assess projects, that's the first thing I look at. Community, then utility, then tokenomics, then team. And I always talk about, will it make the cut? The community makes everything work. So on top of that, let's take a look at what's going on in the market. Today's a great day. I mean, look, we're at 1.36 trillion, which is up almost 2%. Bitcoin's up, it thames up a little bit. Binance coin, and look at Cardano, 11.8, it was up even more. In seven days, it's over 17. No holders and the people that are DCing into Cardano, like I've done in the past. So it's pretty good. Now we take a look, so on is down, polka dots down a little bit, not that much. Rap Bitcoin, 2.2, anything up majorly. 6% for Stellar, sure. 5.4 for Chain, 1.5. Almost 10% for Axie Infinity. I think we should take a look at that unlock schedule for Axie, which we'll do in a bit. So that's what's going on in our market, which is looking pretty good. And then we always talk about correlation. So if we're up, pretty big amount, how's the S&P 500? It's down, well, not by much. Let me refresh this, 0.1%. Now down 0.36, pretty choppy. Take a look at the five-day. It's up pretty good. Down for a month, really down for six months, just like us. And of course, the NASDAQ, how are we doing? Very slight, 0.093. How about five days? How about one month, six months? Everybody's getting crushed. So that's what's going on in the markets and also the traditional sectors. Let's just take a look real quick at leverage. And we had talked about this yesterday, and I took a look. This is from CryptoQuantz. There's a link in the description. If it's not there for some reason, it's cryptoquant.com. I don't have a affiliate link or anything. But when we take a look here at the leverage ratio, yesterday we were talking about this, it was super high. I mean, anything above 0.2 is 0.2 is pretty high for the market. And we saw that it peaked out, and this was the highest ever, 0.28. And today we're down to 0.27, not a big deal. So what happened there? Well, some people were calling for a short squeeze. Some people were calling for a bunch of liquidations. But we take a look at it as far as what actually happened. Here's exchange liquidations from OKX, Binance Bybit, Biffenex, and everything, and so on. The last four hours, we've actually seen, as far as liquidation, the long. If you take a look the last day or so, the shorts really got hit. And of course, the reason is because we had a nice little rally. Yesterday, when we were talking about it, no one really knows exactly where we're going. No one has a crystal ball. I can tell you for a 100% fact this is what it is. And it looked like everybody was going short, short, short, short, short, short. I talked about it. I said, hey, maybe you're the contrarian. I said that exact term, contrarian. I said, maybe that's for you. Maybe this is your opportunity. And you go against everybody who says that, you know, we're going to go down to 20K or 12K or whatever else. That is why I don't tell anybody what to do. I'm not a financial advisor. I just give you the information and you make the decision. Now, that's not to say that maybe tomorrow we go down 5%, 10%. Who knows? That's just the reason why I DCA. So if you got liquidated, sorry about that. That's for the traders out there. That is not my play. And then lastly, let's take a look real quick at the unlocks or lockup periods. And this has been a fan favorite so far. We just started doing this a couple of days ago and people seem to like that a lot. So if you go to misari.io, M-E-S-S-A-R-I.io link in the description, you can sign up for 30 bucks a month if you want to, but the stuff I'm going to show you is free. You don't need a membership. So let's see here. Oh, you know what I did want to do? I wanted to show you a difference between, because we talked about Axie, but I did want to show you this one, Binance Coin. If you go to, so when you go to misari and you click on the token that you want to take a look at, and then you take a profile token economics and it'll tell you everything you want to know, right? Let's see. Let's see. 50% for the first year. You're going to reduce 25 in a second. We don't care about that. Let's take a look. Okay. So founders received 80 million BNB or 40% of the supply of the supply. Wow. Vested over four years. That's not bad. Unfortunately, it came out in 2017. Half of the founders allocation was vested immediately. The other half is vested through 2021. So that's already gone through. That's a lot. And then from Q2 2019, these tokens will be burnt. Investors received 20 million BNB or 10% of supply with no vesting or lockup. So this is the projected use of the sales of all the different tokens for Binance Coin. Branding and marketing is half. Developments 35 and emergency. That's pretty good. 15%. But this is the thing. When you take a look at where all those tokens went to, well, half went to investors and half went to the founders. And that's just how it goes. And we take a look at the supply schedule. This is the flattest supply schedule you will ever see. And I want to compare this to Axi Infinity in a bit. So again, start off in 2017. And it's just the ICO participants, whoever those were, they received 73% for the vesting. And then angel investors, 13%, Binance team, Binance term. And then you see it just flat, flat, flat. So that's not a bad play, actually. I mean, unfortunately, you got to locked up in the hands of maybe a bunch of whales. But as we talk about it, it's pretty centralized. So that's the markup or the lockup period for Binance coin just to see how flat it is. But let's take a look real quick at Axi. And I think Axi's in the 40s. There it is. Axi Infinity. Profile. Token economics. Tokenomics. Okay. So you can read all this. You want to public sale, 11% total supply, private sale, 2 million, SkyMavis, play to earn rewards, so on and so forth. Here's the supply breakdown, 50, 36, and 18. And then this is the supply schedule. You're going to see a little bit of a difference. And what Binance coin is, which I'm sorry, it's centralized, as opposed to like Axi Infinity. If we take a look at this, there's a lot. I mean, there's a lot of unlocks going on, but where are they being unlocked? So you've got advisors, the ecosystem fund, play to earn rewards. And the last one, and you can see it hasn't been that long. We're talking November 2020. So about a year and a half ago or so. The next big unlock, if we look at it, and you can see there was a big steep increase here in November, February, this guy, April 20th, 2022, May 4th, unlock 18th, and it just got done. Now we're going to flatten out until the next one, August, and another big one in October. End of October, early November. So just be aware of when people have an unlock schedule, it's up to them to decide, hey, do I want to put this in the market and sell it? What do I think is going to be a pretty big play? And they keep it on there. So just something to be aware of. Now let's break into a little good news, which I thought was pretty good, supply chain issues. So I don't know if anybody, I haven't seen a lot of people talk about this today, but I've been doing a lot of other things. But just so you know, hard to believe it's happening, but Shanghai is going to lift the COVID lockdowns. And I will preface it with this. This article goes on pretty long, so I'm not going to bore you. I want to get out of here on a reasonable time. Just so you know, they lifted these lockdowns, but they're still doing it in stages, and it's not like everything's just going to open up. But this is a positive news, especially for supply chains, because if they can get this to move, I think it's going to be better all around globally. So that's good news. That's one of the big pillars of issues we're having. Supply chains, war on Ukraine, Fed Reserve, high inflation. If we can solve one of these problems, I think it's pretty good for the market. Now here's some bad news, though, and it's not really bad. It's just something to be aware of. Fed Governor Christopher Waller says he's prepared to take the rates past neutral to fight inflation. Well, that's not good. Fed Reserve Governor Christopher Waller said Monday he expects 50 basis points interest rate hikes to continue. I think we all know that's going to happen. The central bank official said he would support hikes that exceed the neutral level, currently paid around 2.5%. Waller added that he thinks the Fed can raise rates and tamp down demand without causing a severe economic downturn. So, I mean, that's a positive type of news, but we'll see how it all plays out. But this was what was kind of concerning a little bit. I couldn't believe it. Over a longer period, this is from Waller. We will learn more about how monetary policy is affecting demand, and how supply constraints are evolving. And I think that's the good news that we just talked about right here. And lastly, he says, if the data suggests that inflation is stubbornly high, I am prepared to do more. So, I know we always talk about how this is priced in, don't worry about it, but I will tell you, when these stories come out and the Fed starts to become a little more hawkish, then things get a little bit dicey. So, let me know what you think about that in the comment section, and let's get to the big story or why you're here. Cardano. This is what's up. So, Cardano, like I said, it was how much would we go up? 12% roughly, 17% over seven days. But for this story here, like I said, it was up way above 20%. So, a nice little pump. Cardano becomes the sixth biggest crypto with 27% sort of great congratulations. This is why the Cardano rally perceived the highly anticipated Basel hard fork upgrade, which is expected to improve the network's throughput and efficiency before people will throughput and what is that just so you know it's really TPS. So, throughput measures the overall performance of the system for transaction processing systems. Throughput is typically measured in transactions per second or transactions per minute. This is straight from the IBM website. So, that's what we got. So, there's some products that will say, hey, we're millions of TPS and we can do all this. We have the, you know, lockdown for finality. Sure, I guess. I guess Cardano says, hey, we want to improve that. So, let's do some upgrades. Basel test net release is scheduled for June 2nd. So, let me say that one more time. Basel test net or Basel test net is scheduled for June 2nd. The main net launch is slated for June 29th. So, they're just going to test it out and see how things improve. But the question then is, what is actually improving with this upgrade? So, the Cardano improvement proposals, all these are going to be in that upgrade. The CIP upgrades, Cardano improvement proposals are supposed to lower the fees, improve the network's throughput, and decentralization. I don't think, I don't know, they can get better than that. And solve the so-called concerns, currency issue, which has plagued Sunday Swap in the beginning, issue that has severely impaired the scalability of the apps. So, here's the thing. When I was thinking about this, I'm like, that's pretty good, in all honesty. They talked about it. They write the papers about it. And then they're like, hey, you know what? So, we want to do this test net on June 2 days. And then we want to launch it, you know, roughly 27 days later. If they can pull that off and do it, I'd love to see that. That would be amazing. Now, the question then, of course, is, well, how much transactions per second does Cardano actually do? And you can read this super long article from IOHK. And it talks about different types of cases. Validations, Prowse, Prowsemax, Pipelining, which is a new one that's coming in, and AV. It's not really extremely clear to me, but I will just ask you the question. These are on milliseconds, not per second. My question to you is this. How many of you have actually used Cardano for a transaction? I personally have for NFTs. And actually transferred Cardano around for different friends and things like that. How fast was it for you? And how were your rates? Because for me, it was like super cheap and it was super fast and it worked out okay. The big question is, and I think this is what people have in mind, but Rob, what about when it starts to scale and they start to do things with different parts of African governments and they start to put a lot of different load on it? Time will tell. I have no idea. Do I look like a developer? Well, maybe I look like one, but I'm not. So I don't know, but we'll see how this all works out and then we'll take a look at the TPS later and see if it actually worked. So that is the reason why Cardano has gone up in price. So it is up to you now to decide. Is this a product I want to get into or is this a buy the rumor, sell the news type of thing? And that is it for the Cardano. So good job, Cardano holders. Let me know what you think about the comment section. And lastly, I just want to tell you how I lost. I lost big action. I lost real big. And what I'm talking about is there's this project I'm fascinated with. I keep talking about it. It's called the sweat economy or sweat coin. And it is not a cryptocurrency yet. That'll be coming in Q3. They've actually had, as I hear rumblings, partnership with Binance. And it's an app that's already had over three years exposure. It's one of the top five downloaded apps. I think in the Android store. And it's great because like you download it, it's free. No, they're not paying me. I mean, they pay me in sweat coins because I use the app and I walk. That's the only thing. And what I said was this, I go, so for this, these sweat tokens, right now you just get these sweat tokens and you can just buy stuff within. It's kind of like a rewards point system. And you can buy like little trinkets and things in there and their economy, which is cute, but it's not like a crypto yet. So I said, look, if you download, and there's the link right there. Actually, if you go to any of my videos and just scroll down past Ben's crypto website or actually above it, you can download the app. It's 100% free. No problems. It pays you when these little sweat coins and what's great about it, if you're outside the United States. Thanks Gary. For every sweat coin that you earn, they're going to give you the sweat token. It's going to be a one-to-one swap. And that is the, I'm not sure if it's a one-to-one, not 100% sure. I haven't read the white paper yet, still waiting. But it's going to be the largest token generating event of all time in crypto. So what I said was, if you can beat me, which I didn't think anybody could, because I walk a lot, I will do one of three things and it's up to you. You can either, I can do a live portfolio review. So sending your portfolio, I'll tell you what I think. Or you can be on the show and I'll just swing you in and we can talk whatever you want to talk about. Or I'll pay you 50 sweat tokens. And right now, so I ranked like 16th. You can't even see me down here with my 300,000 steps, which is not bad for a month. I must admit. But these guys, Crypto Autistic, Chi Xingsang and J-Web destroyed me, crushed me. And that's okay. So for these people, you can reach out to me on the app, send me messages, it's me and I can verify you with your username there. Now if you, and here's the thing, I can't follow everybody. I've got like 1,000 plus people following me on this app. I can't follow you back. I can only do 10 per day. That's the limitation of the app. I don't know why I've already talked to those guys. We're trying to upgrade it. So if you have beat these three people in the steps, send me a screenshot on Twitter and I will look you up and you get one of those three options. Either a portfolio review, come on the show. I give you 50 sweat coins. That's what's up. So that's it. So, hey, we won our 20 minutes. It's pretty good. So look, that's it for today. If you like the video, thumbs up, subscribe, all that great stuff. Now we're going to get into the Q&A. I'll answer all your burning questions. This is best of my abilities and we'll go from there. Just so you know, we only do the Q&A. We do it live here. But after this is done about an hour or so, we split it and it'll be a separate video because there's an algorithm thing with YouTube. It doesn't like hour long videos. So that's what's up. All right. So let's do a little Q&A.