 Great. Well, there's the last set of news that gets up. So I was in crypto bringing on a bite-sized pieces I'm actually going to try to do that today and break things down into the smallest pieces as fast as we can Within reason so first we'll take a look at what's going on the market is a little bit of a slump today Then we'll take a look at maybe the main reason you're here for the thumbnail of title Which was Gary strikes again as they come out and sec is listing nine different cryptos as Security so we'll take a look at why that is and some insider trading over at Coinbase surprise Then also we'll take a look at the big story I'm not gonna spend much time about it with because everybody's covering it already which is Tesla sold some Bitcoin. Wow shocker Not surprising and we'll talk about Some videos I put out over a year ago We talked about the same exact thing and lastly we'll take a look at another free app that you can use to earn Crypto while walking and then lastly we'll just do some Q&A at the very end So just stick around for that. Let's jump into it. Take a look at the market slump today today is the 21st 21st of July and Looking like pretty much how I kind of expected it to kind of roll out We're looking at Bitcoin down just a little bit sit there. I'm down Remember we had a marvelous run look at that those seven-day numbers 14% for Bitcoin 39% for a three now that could be because of yes Tesla did sell off like a hundred million dollars worth of Bitcoin, but who cares? I mean in the grand scheme of things. It'll just be a blip on the radar Today's just one of those days wherever down just a touch a smidge as some might say And of course as people sell off they get in a tether and USD coin. We can see how they're up That's weird tethers up by 0.6 percent. Interesting. Yeah, whatever Binance USD same thing and then of course over the last 24 hours a little bit of a downer But man, I gotta tell you a polygon makes it makes a big run We've covered a couple of stories about them them getting accepted in that Disney program and then those ZK rollups Which which could be infinitely? Scalable and also reduce The Ethereum fees and we talked about this was a yesterday. It was yesterday We're talking about how because of this maybe Ethereum could be almost unstoppable. So check it out later Avalanche and just a little bit of jostling here down around Cosmos hub. Congratulations Cosmos holders 10% That's great. So I mean nothing to write home about almost 1.1 trillion So I'm happy with that even though we're down 2% and that's what the markets holds Let's talk about the big story the big show. What's going on Gary Gary strikes again Gary Gensler. I have nothing. I have no problem with Gary Gensler I know some people hate him here, but I mean in all honesty some of the calls that he's had I know people don't like don't they hate when I say this but I'll say it again He's right on some of these things. He was actually correct and when he stopped coin base for those earned programs said look You can't co-mingle these things. It's not gonna make any sense for consumer protection Look what happened with Voyager and Celsius just saying don't hate me but put in the comments But he was right on that one But not everybody's 100% right So here's what's we got sec lists nine crypto tokens as securities following coin base Inside our trading chargers and let me just say this The sec doesn't Create law that's not their job. Their job is to enforce said laws So when they come out and they say that this security that's a security That's not for them to really put it out there. That's really for The legal branches of government to say this is what we believe it is this what it is Securities and exchange commission. They're just there to enforce those laws So this is very interesting how this comes through and and before anybody says well, what about this one by that? I'm not a lawyer. I can just tell you what's going on. I think it's just very odd. Here's what we got The sec is listed nine cryptos on coin base that it says our securities This was contained within a complaint arresting and a charging a former coin base employee and two others with wire fraud What's that you say? Well, what's this former coin base product manager arrest on inside training? This is just today July 21st Former employee coin base was arrested His brother and friend also faced charges in connection to an inside trading scheme Which profit of them at least 1.5 million and of course what we're gonna talk about today and separate charges sec claims at nine of the assets traded were securities and if you haven't been to Coinbase I'm actually having I've been pushed there ever since Voyager took a big big hit as we'll say a big dump whatever and Coinbase has about a thousand different cryptos now, and I guess what happened was somebody said hey These are gonna get listed. There might be a coin base effect And he told his brother and some friends and they made a 1.5 million. Well, yes He seems like you can't do that And we're gonna charge you we we're okay with JP Morgan those guys doing that but not you now And they actually come out in JP Morgan, too. So here's the here's the cryptos that they said are securities amp Rally DDX XYOR GT LCX power Dfx and crumb I gotta tell you out of all these I don't know any of them except for amp and amp was one of those big ones that were talked about is potentially being Linked to Amazon or Walmart and it looked like a pretty good project and did not really happen so far So let's just take this back. Let's let's take a look at it. How much of this effective first of all Here's amp. It's Frank number 76 It's supposed to be for Payments and to be you know Integration these different platforms and so on and so forth. It took a hit of 6% is that like massive? I mean, we just saw Bitcoin going on 3.5 percent. So I don't think it's that big of a deal right now and actually Last 24 hours. Well actually right now it actually came up. So whatever But that's the amp price now. Let's see. What else we got? rally DDX Rly, I'm just gonna do a couple of these because I don't know any of them rally Apparently is now considered a security but again This is for the laws to be passed by Congress to determine What exactly is a security and not a security and the krypton then digital asset space over the last 24 hours? Actually went up. It's pretty funny and then let's see. I'll go. I'll look at power P. P of WR Let's see what that is. I don't know what that is POW are right number 252 and most of these are outside the top 100 and That's just they're just saying these are what they are these probably because this was what was listed For that case is when they when they came down from inside of trading So maybe all these things were listed recently. So this is 24 cents down 5% Not too bad in all honesty as being enlisted as a security So that's all we have as far as those nine and I can tell you right now. That's just the first stop They're gonna start to move forward. They're gonna start to label things as securities That's going to accelerate Congress and hopefully sent the alumus and the rest of her cohorts to come down and actually say Here's the rules and regulations. Here's what we consider a security and it's gonna be a bunch of back and forth But you know what I know this might some people might say this is actually negative I think it's good. We got to move this we got to keep getting this move forward because if we don't So we're just gonna sit around here and twiddle our thumbs and let Gary just decide. Well, this is curious not a security It's not how it works. It has to go through the process They have to go through the legislation and say this is what we believe it to be true And then we can get the rules when you get the rules Then of course you can bend the rules is the same thing that people do with taxes It's the same thing that people do with capital gains. It's the same thing all the way around I never understood why people say we don't need regulation Well, how can you get anywhere without knowing what the rules are so you can move yourself around it makes no sense to me That's just my little rant. All right, let's finish this this article up so This is the SEC our message with these charges is clear fraud is fraud is fraud whether it occurs in the blockchain or on Wall Street They know about that The complaint today implies that the SEC is largely keeping with the view that the majority of cryptos are Securities so before we go on what does this mean? If let's say everything besides Bitcoin Is labeled as a security? What does that mean that we can't? Get our get our hands on securities. No, we get our hands of securities all the time It's over on Robinhood. They're called stocks and equities. Those are securities So also I see is that all the thousands of the crypto that you guys know that we all know are worthless All those people have to now list themselves with the SEC and they can't do that because there's a big long process It's expensive legal fees paper and all that stuff So there's gonna be wiped away and not actually they're gonna be left in the dust and that's fine The other mid-tier ones will get picked up by the bigger projects and go We want to absorb you and actually you know get bring you into our ecosystem We're also going to absorb your developers and that's really how it goes for businesses I could be wrong That's just how I see things and the grand scheme of things the ones that are really gonna hurt and suffer Are gonna be the exchanges because now they have to list themselves with the SEC They have to pay a lot of money They have to go through a lot of regulations and guess who's gonna be able to do that Probably the bigger exchanges that have the money and the power to actually do that. That's just how I see things We think that everything's decentralized Things are becoming more centralized at a rapid pace and it does concern me So that's what we have. Let me know what you think about that in the comment section and then Let's move into a story that I think everybody knows about it was covered quickly But this is what it is Elon Musk Dismisses crypto as a sideshow, but it's open to buying more Bitcoin sometime. That's funny It's like he's pretty much saying this is this is clown show But I'll buy at some point like it's an afterthought. So just know who you're dealing with anyhow Tesla may have just jumped 75% of its Bitcoin and admitted to losing tens of millions of dollars on its investment in the crypto But Elon Musk says the car maker isn't finished just like he's not finished with Dogecoin Tesla's main goal is to speed up the transition to renewable energy Which makes crypto a sideshow to the sideshow and not something we think a lot about just kind of like a red-headed step child Just whatever you want to do. We don't really care But we're gonna buy some here and there on Wednesday's earnings call Tesla CFO Zachary Kirkhorn said that the company sold the Bitcoin for a Realized gain good for those guys Which I knew they would Yet the car maker also made of the Bitcoin It still owns is now worth much less than what it paid for it and that the decline is large enough to offset the sum Tesla gain from its Bitcoin sales. So they sold this in Q1 probably around 30k or something like that good for those guys again There are no diamond hands. I mean some people say well Michael sailor Okay, Musk said Tesla decision to sell its Bitcoin was not due to the declining value of the crypto Whether he blamed China and its COVID lockdowns Tesla's Bitcoin sales should not be taken as some verge on Bitcoin and that's important to note Don't just think because one big company sold it. It doesn't mean that Bitcoin is worthless I mean, I hope well, I don't have to deal with that with you guys because you're you're if you're here now You're not a tourist. You've been around for quite some time. So you know what I'm saying So I should even have to mention that it's just that we're concerned. We were concerned about overall liquidity of the company Giving shutdowns in China. You got to stand they need look they need liquidity They're open up new giga factories one in Austin, Germany, and of course China has problems over there They need a lot of money. I don't blame them. They got to sell it But I just want to remind everybody from now on could we just all agree amongst us the OGs that are here that? Institutions aren't here to save us. They're not here to make sure that we do well What they're here for is for their shareholders to do well. So when a bunch of Institutions move forward and they start to buy more things moving, you know in the future, which will happen Let's just agree that they're gonna sell at some point and diamond hands isn't on their agenda And I actually talked about this a long time ago There's a link in the description. Let me see here Hmm And it looks like this They'll sell no video number one they'll sell buddy number two and this was back in March 8th of 2021 And I talked about how calls for Tesla and other corporations to sell Bitcoin Here's why and when they'll probably sell I got the dates wrong But they were pretty pretty wide wide range and I just told everybody I'm like they're gonna sell There's no doubt in my mind that they will sell and then of course on May 19th, 2021. I Said Bitcoin markets are dropping why you should sell and I'd talk about how Again, not you guys people before the tourists would say Rob, you're an idiot and you've got PTSD from 2017 And institutions will never never sell. They will buoy us forever and I'll never go down. Sure again I've been wrong many a time in this channel But I just want to make mention or just really put it out there that institutions again Just because they're here don't think that we'll never go down They're here to make a profit and they did so good for them. Anyhow, let me just think about that in the comment section and Lastly we'll finish up with a free app a free app It's called smiles or Satoshi miles before anybody asked me Rob did you get paid for this? Hold on now So and stop asking me so if I get paid for something I have to disclose that and there's a little check marks And we'll see like this is a paid blah blah blah I have affiliate links in the description of every one of my videos if you don't click on those I don't get paid for that But if you don't use those affiliate links you also don't get any perks So if you were gonna go to like I trust something like that you go right to I trust right But you won't get paid that big dollars in Bitcoin So do whatever you want to you can go right to it with this smiles and sweat coin You go right to it. Don't bother me with like you get paid you get paid. No, but it's an affiliate links Let's just move on from there. Shall we so? Smiles is a free app Just so everybody knows I've downloaded on my phone and it works pretty well actually not to be a jerk But you can do whatever you want to I'm not your dad so Like let me stop this screen so you can see if I see Let me show you my phone Ready so let's see here. Oh There is the all-important what a burger app if you ever want to eat like I do trying to be healthy So anyhow Satoshi miles So there's a link in the description, of course it isn't affiliate link I think I don't know what I get but I think I get some kind of Satoshi So I would guess but it's pretty cool because like you just download it and it's free and It's like for every I got 7,000 steps. That's pretty good Let's see for every I want to say like Thousand steps or something like that. You'll get one Satoshi. So right now What do I have? Oh Look at that. I've had this for a while about over a couple weeks now And I just wanted to check it out, but I've got 37 Satoshi's which is not worth It's like pennies, you know, but who knows what it could be worth in 20 years. You don't know I don't know. I've no one has a crystal ball So I thought it was interesting that you could earn these things and the question I had was well How the heck did they get paid because if it's free doesn't make any sense. Well, it's freemium Of course, they're gonna say hey if you want to shop at Walmart use our special link to present back You got featured all deals e-commerce health So yeah, so it's all a bunch of affiliate links. That's all it is I thought it was pretty good because like you can get it and everything else and that's awesome What's this news? National Geographic and so on and so forth. So yeah, and then what I thought was interesting also is that I could Well, it says it says here send sats If I send it Yeah, you have to get at least a hundred Satoshi's to send it out That's pretty cool. I can send it right to my an anniversary awesome And then there was one really cool thing that I must show you I thought this was pretty neat is that you can play like chess games Let's see Play chess and if you win like I'm in I'm a moron so I'll just do this So like if you win the chess match you get so many Satoshi's so for you chess players That would be pretty awesome That's not a good move. All right, so that's what we have for that one and then switching gears Sweat coin is also another one that you could download again. It is free and You earn sweat coins which is not worth anything right now just so everybody knows But what's pretty cool about this Is that we have a Challenge going on so if you can beat me Which everybody's beating me right now actually 15 people are beating me today. Dang it. How am I doing this week? Son of a gun Wolf I'm not doing so hot So if you can beat me the top three people and I'm gonna change this up actually The top three people that beat me with the app just for steps and again, it's free They say it's free. Just want to make sure you know, it's free. So when I do these steps The top three people that beat me either come on the show I give them 50 sweat coins or do a portfolio review and also for this one the question might ask is well How do they make money? It doesn't make any sense. Well, I'm glad you asked that question So let me stop this screen real quick Let me share it again And First of all whoops, so I want to show First of all links in the description and I got both of them now. So right here. These little running people these little icons Here's the sweat coin again It's an affiliate link just so you know and then the s miles Satoshi Satoshi miles It's also an affiliate link. There's a link right there or you can go right to the I don't know whatever you want to do I don't care but For sweat coin There's a couple ways where it makes it makes money, how does it do that? Well first your question might be well They probably track me and sell my data to whoever they don't do that and the next thing you might say is well They're gonna it's all about the coins and they're gonna you know for the coins Actually, I have to buy that like a step in like Nancy and do that either so all the ways that it makes money I did a deep dive on this Sweat coin which they're gonna be this kind of it's gonna be called a token generation event on September 12th Of this year so every sweat coin that you accumulate 1,000 steps is one sweat coin. This has been out for over gosh three years now They're going to airdrop you these sweat coins need every want to and I show you exactly how they make Their revenue through this app. It's pretty interesting actually and then just so you know It took them 21 days to create two million wallets because they are the number depending on what day you go to it They're either the number one or number five They're always fluctuate in that health and fitness app for iOS and Android. So just so you know They just crossed 11 million wallets themselves for sweat coin So I think this might be a big thing and you might ask yourself. Well, how long did that Bitcoin take? Well, let me show you something so for Bitcoin These are this is a end of the block if they wanted to get for addresses or for wallets It took them a good and there's different ones. There's total total with balance total zero balance We'll just go total just to make things simple 11 million about three four years or so occur, of course now we have a lot more We have one billion addresses, but that doesn't tell the story actually if you want to do like Total with balance right now. We've only got 41 million addresses. So just so you know So I just think it's interesting that sweat coin which again free. Did I say it's free? It's free They made they hit 11 million wallets a couple of days ago, and they've only been around for I mean They've been around for three years. They started the crypto part about three months ago So that is what is going on for the free apps and lastly for everybody who's Who's wondering why is Dan teaches crypto so fast? Well, let me tell you something. There's a website. It's a hundred percent free I made it a hundred percent free because not a lot of people can afford five bucks a month or Ten bucks or a hundred bucks or whatever else it is I made it free because that's what I wanted to do Unfortunately, I use GoDaddy for the hosting and GoDaddy is not the greatest Because of when you start to get like right now we have over 30,000 members for the free website and It bogged the website down so much that I had to transfer over to another hosting platform and now it's much faster It's much more expensive, but it's super fast So just so you know Dan teaches crypto comm hundred percent free as the link in the description like everything else and If you're looking for some of my concern you this was a great video with me and stash. I love this one What's the metaverse? There's there's six different. Let me go And I go now look at that There's six different modules basic safety investing reviews How do I do stuff in metaverse one of the ones that a lot of people have been giving me good feedback on is the safety part and also I talks about how to use a ledger. What's a public private key? How do you set up your ledger live apps delete and restore a nano and you know Basic stuff that you need to know especially with the debacle that happens with Voyager and Celsius So that's today for all the news So look I tried to go as concise and quick as I could and that took 22 minutes I was just seeing how fast I could actually go and that's as good as I'm ever gonna get I think so that's what's up So look that concludes the day for the news if you like today's video do me a favor hit the like you don't have to subscribe I come here every day you can stop by I'll be here That's it for for that part if you want to stick around for a little Q&A I'll answer all your burning questions the best of my abilities and we'll go there but Before we go. Thanks for stopping by. I do appreciate it. I know sometimes I see a little bit gruff I just got a lot of things to do today, so I'm trying to get things moving usually. I'm a little bit a Little bit not so rough around the edges. All right, that's what's going on. Let's go on to some Q&A