 Welcome to Digital Asset News, the top stories in cryptocurrency digital assets and break them down to bite-sized pieces. Today, we've got a lot of stuff to go over and it's going to get deep. So first up, Santiment put out a blockbuster of a report which talks about Bitcoin, whales and hodlers. And it's going to tell us the number one strategy to use against all these whales. And the thing about this report, it states that there are way more whales out there than previously thought. Also, talk about the new darling of the crypto industry is Polkadot on the brink of becoming the first Ethereum bridge. This one's pretty interesting because it talks about how not only Polkadot is what it's doing right now, but how it's going to get better within the next four months. And finally, after recent pullback, the next stop for Ethereum price is a new all-time highs, says Weiss ratings, and I'm always skeptical about Weiss, but they actually called the pullback and they're talking about a realistic number as far as Ethereum. That'll lead us to Q and C of the day, which we'll talk about in just a bit. But first, let's take a look at what's going on at the market. So today is Friday, August 28th, it is two o'clock p.m. I got to get this video out so I can get out of the house and do more things. So here's what's going on. First of all, looking pretty good day. So we got Bitcoin pushing past 11.5. Pretty happy about that 2.2% up. Fantastic. Ethereum is almost hitting that $400 mark, which I always talk about. I think that's the level of resistance and support. So we'll see how it all works, but it's up 5% for the day, which is fantastic. Tether and XRP, the two stablecoins, watch out. Chainlink, not too bad, 1526, it's up 5.7%. And I got to tell you, I got to tell you, Chainlink is just one of those things that just refuses to go down. It just kind of keeps, you know, keeping its head above water, keeping its head above water, keeping its head above water. So I like to see big things and I think it's going to happen. Polkadot, up 12% for the day. Unbelievable. 12%. It's at $6.28. And I told you, I hate to say, I don't want to say it, I told you, but remember a couple days ago, I said, hey, don't, you know, don't fomo into Polkadot and put all your money into it. And because it took a big bit of a dip and it went down a little bit yesterday, and you could have picked it up for a fantastic price. And then right now here we are at 6.28 and I got, and after we go over today's report, you're going to see why this thing's going to be big. Bitcoin cash up, fantastic, like, I don't own Bitcoin cash or Litecoin, definitely not Bitcoin SV. Do you want a Cordano? It's up 3.2. It's at $0.10. Pretty like, that's good. Binance, Coin, Crypto, what's up? Eos? Wow, I own that. But yeah, Eos is Eos. Cosmos, geez, everything's up today. I like to see that, $12.3. There's one called UMA. And I was on Alex Maskiole's show today and we were talking about this one. It came out of nowhere. And I just asked a question because Alex is the big institutional guy and we had CJ on from Marco Rebellion, who's a TA guy, I'm like, where does this come from? I mean, seriously, does anybody know about this? They're like, you know what, it's just got to be an inside thing because I mean, no one knew about this, not even these guys. So I'm like, come on, whatever. But 36%, 58% for the week, UMA, I don't know. If you got some information about that, drop in the comment section. Let's get on to the base stories. First up, this was fascinating. This was fascinating. That's what I've been talking about this channel for a very long time. So this is by Santimet. If you don't know Santimet, it's a data and analytics platform and it helps traders become better traders just by giving them the best information that's out there. They put a lot of time and effort into it and I've done some of their stuff before their different cases and they seem to be on point. So when I saw this, I'm like, oh, this ought to be good. Bitcoin, whales and holders. So what the heck is going on here? So to make it very simple, they just pretty much lay out exactly what we've all known is that whales control everything. And here's the data out of 855 assets that we track on chain data for. 727 have greater than 50% of their total supply located in the top 100 addresses. That is hilarious. For the time being, crypto can only promise the decentralization of their network, not of their supply. So everybody who's talking about, well, this project sucks because it's so centralized and this project is awful because it's so centralized. Well, here's the thing, everybody centralized right now. Now, do I think that is going to continue for the long term? No, I think whales can only be around for so long. I mean, this is a very small market. I mean, we're under 300 billion, which sounds like a lot, but it's not. I mean, if you look at like, I mean, the market cap of gold, gold is 8 trillion. The market cap of the entire stock market is like 89 trillion or something. It's just ridiculous. So we're talking about 300 billion. It's a drop in the bucket. And that's why these whales can do all these things and they're making a killing right now off us. But as time goes on, even whales got to sell. And the more that we stay in this, the more strong hands that we have, then we become the controlling aspect of the whole market. The thing is, just have some strong hands. Don't be like Portney over there at Barstool Sports, who just got out, you know, lickety split because he had weak hands. Sorry, he did. So be the strong hand of player, hodl and just hang on because as time goes on, those whales are to sell you and me, we pick up all those little scraps and a little bit of scraps equal up to a complete meal. So that's what I think is going to happen over time. They can't hold it forever. And that's why I'm here. Well, that's why me and you were here. So it says again, Bitcoin supply is dominated by whales. Look at this, 85% of the total supply of Bitcoin is found in addresses owning more than 10 Bitcoin, which isn't that much, right? You think, well, 10 Bitcoin, but that's still 113,000 61% of Bitcoin. So the supply is currently in the hands, the hand of Bitcoin millionaires owning up 100 plus Bitcoin. And then the top five all coins are no different. So don't sit there all smug and be like, well, mine's awesome. No, it's not. So ETH holder district distribution, 80% the total supply are held by addresses with more than a thousand ETH, which is, you know, almost half a million dollars. And then link, which everybody talks about, same thing. 94.6% held by addresses with more than 10,000 link and XRP. Everybody's favorite likes to bag on even me sometimes, even though I hold it. I will never let it go because I'm so stubborn. 95.4% held by addresses with more than 10 million XRP, which we kind of knew that, right? So when we take a look at all these different all coins and just, just to reiterate, just to reiterate, 727 of the top assets have more than 50% of the total supply in the top 100 addresses. So just let that sink in again. So don't be high and mighty. It happens across the board. So let's move down, move down, moving down. And this is what I'm talking about. Whales have to sell and we'll pick up the scraps. The amount of Bitcoin held by small investors has more than doubled in the past five years. Bitcoin will holdings have declined by a similar margin during this time. Supply on by addresses with less than 10 has grown from 6% to 14% since August 15th. That's being you. We're doing great things just by having strong hands. Retail sector growth will be key for Bitcoin again at foothold in the global financial system. And I totally believe that. I have more faith in me and you than I do in those whales. I'll tell you that right now. Moving down, Bitcoin transactions rely on loyalty. I know Bitcoin activity points down going accumulation. 65% of all Bitcoin has not moved in the last year. This marks an all-time low in Bitcoin's yearly circulation. People are accumulating price will go up. Hope to see fireworks hoping for 100k by 2021. We'll see going down, going down. And then talk about median age and decisive zone. I will link this in the description. But it's actually I actually do my do my best, but it's actually it was sent to me via email, so I probably can't. But let me I'll just link the sentiment there so you can find it yourself. But here's the big thing. Here's the crux of the whole article. Oops, it's these last two slides. So trading Bitcoin based on well behavior. So what they did, what if you want to trade Bitcoin based solely on the behavior of its whales? And I went over them like, that sounds good. We back tested a simple trading strategy using the on-chain activity of the largest Bitcoin addresses. Our strategy, one, fetch all addresses holding 100 plus Bitcoin to review their trend over the last 35 days. Three, upward trend equals accumulation. Downward trend equals distribution. So if the trend slope is greater than 0.5, you got to buy. If it's less than 5.5, you're going to sell. And I thought, OK, this is a great sales pitch. Like I thought this was I swear to God, those were the sales pitch. And they're going to say, just kind of for a trading program for 99.5 a month. But here's what they said. The result of our whale strategy for the past two years are as follows. Number of executed trades, 18 annualized returns, almost 20 percent. So the whale strategy returns were plus 46 percent. Pretty good, right? Pretty good. But here's the benchmark, which is the hodl, just holding on. Being an investor, returns were 61 percent. So as expected, trading only based on whale activity is less effective than simply hodling Bitcoin. And it's what I've been saying the whole time in this channel. Look, everybody wants you to trade. Everybody wants you to leverage. Everybody wants you to do all these crazy things that just really just let you lose all your crypto. Just being an investor, if it works out for you. I mean, I don't know what to tell you, because I just accumulate. I just dollar cost average. And I've been preaching that since I started this channel and people at the beginning were like, you're an idiot. You need to trade. You need to get over there and leverage everything and just do it. That might work for the 5 percent of you. Fantastic. But I don't know what's working for everybody. So if you haven't had that much luck with trading and you're overextended, just take a step back. Relax and just dollar cost average, meaning instead of dumping $10,000 all at once in a polka dot. Why don't you just, you know, put a couple hundred bucks in for yes for a couple days ago than yesterday? Maybe put another hundred bucks in then today, put another hundred bucks in and over time it'll work itself out. Just hold on. That's all you got to do. Just hold on. And I think everything should work out. Anyhow, let me know what you think of the comment section. But that's the big thing. You want to beat some whales? Just hold on. Next up is poking on the brink of becoming the first Ethereum bridge. Good question. So this all comes down to a new bunch of developers called Snow Fork. And it's not so much interesting about what they're going to do, but it's the timeline and speed and efficiency. They're going to do it. That's what got me on this article. So Snow Fork, a group of developers and designers have been working with polka dot to help achieve their new level of interoperability between blockchains. And they say it'll be delivered soon. So if you don't know, blockchain, we covered this a couple of days ago, Ethereum mafia and everything else. And it's one of my new holds. I buy a very little bit every day, like 25 bucks. And I get it out of Voyager. Yeah, I know. And I mean, also, you can use Kraken. You can also use Binance, but that's what I do. And the big thing is that. It's by Dr. Gavin Wood, who was one of the founders of Ethereum. And again, I believe in people. So when they're talking about interoperability and sharding and all these great things, I'm like, I believe in people. I'm going to go with that. And they've got a lot of connections. And here's another thing they're doing. So Snow Fork says we're excited to become a part of the polka dot ecosystem. We're going to help improve interoperability within and across its ecosystem, the group proclaims. And this is how they're going to do it. They only need people who are going to use the blockchain. They only need to trust the protocols, mathematics, cryptography, code and economics with the goal of creating an all-purpose application. Snow Fork explains that interoperability is about more than just token transfers. So I'm like, that sounds great. So how long is it going to take? Two years? Here's what's crazy. According to Snow Fork, an all-encompassing product would include other kinds of assets, like non-manageable tokens, loan contracts, option future contracts and generalized type agnostic asset transfers across chains, which is pretty great. Interoperability cross-chains would be valuable functionality. Phase one of Snow Fork's three-step plan is ongoing and expected to be ready in mid-September of this year, not next year, not 2022. This year, mid-September, coming up. And then this is where it gets just nuts. They expect phase three to be completed with the delivery of an all-encompassing, trustless, general-purpose product by March of 2021. So I'm putting that in my mental timeline. If they can hit that, that is amazing. Look at all the other different chains that are out there and how long it took them. These guys are saying we're going to do this. Now, granted, this is not Polkadot. They're just building on top of it. They're trying to help make it a little bit more interoperable. So if they do that, fantastic. But again, I see big things for Polkadot. Let me know what you think of the comment section. Last story. Next up, a recent pullback to the next stop for Ethereum is a new all-time high, says Weiss Rating. So I'm very skeptical and right on Weiss, but they did call this last one. So Weiss crypto ratings noted that ETH is poised to print new record highs, emphasizing that traders remain overly bullish on the second largest cryptocurrency. Like I said in the beginning, I was on Alex Masculi's show and CJ, if I'm right, a rebellion. He does a lot of TA, which I do not do, but he showed what he did was he said, this is what the TA shows. If they'm going to actually break through 400 and maybe even 500. And he talked about he was very bullish on it. So I'm like, great, I like that. And I like the fundamentals of what I believe in, which is everything's built on Ethereum and DeFi is going crazy. So why not? Let's do this. So in a tweet on August 25th, US based economic research agency Weiss ratings postulated that Ethereum had been overheated. That was essentially due for a pullback. So that exactly did happen. So after that pullback, Weiss is saying this, the cryptocurrency is now aiming for new heights. Now the correction was witnessed. So they're looking at TA, but there's also the other side of this, which is the fundamentals. Despite ETH's price stalling in recent days, the DeFi sector has seen media or growth. And this is according to DeFi Pulse, the total value locked in DeFi protocols. Recently skyrocketed past seven billion with AAVE or AVE being the big player. I think they had like over, yeah, it says right here. AVE is currently the largest DeFi protocol with one and a half billion assets locked in. So here's my final thoughts. Everything's built on ETH and you need gas, you need everything. It seems like an ETH is doing everything that it's supposed to do, right? Decentralized finance, smart contracts. And the problem that I saw was the incredibly high transaction fees. But now that OMG is in there helping with all those costs, I don't see any reason why ETH shouldn't blast off to 500, 600, 700. I only see good things for Ethereum and it's why I have heavily invested into it. All right, that takes care of that. That's our last story. Let's jump in and do the Q and C of the day. All right, buddy, welcome back to Q and C of the day. Welcome back to the office. So this Q of the day is pretty interesting because it was just me that was tagged in actually a Twitter response. And this all comes down to Voyager and Celsius. So if you don't know, I'm a big believer in both of those, but I gotta tell you over the last, I don't know, about a month or so, two to three weeks or so. It seems like the big issue has been customer service. I know what's going on. The thing that's going on is growing pains. As we start to really take off in this space in cryptocurrencies or assets, you're gonna see more issues with customer service and the exchanges, the wallets, and the brokerages that cannot keep up are going to wither away and die because if you are an investor and you are not appreciated and you're just a kind of like swept to the side like some of the places have, you're gone. So there is no reason to stick around. Remember, I tell this to everybody. I'm gonna say this again. We do not work for the exchanges, the wallets and the brokerages. They work for us. So if you're not being appreciated, you go someplace else and that's all you gotta really remember. So what I saw a couple of days ago is what made me reaffirm my belief in the different place that I picked. So this is on Twitter and this was a message that was addressed to me and to Voyager. And this is from Bruce and Bruce said, hey, I tried to sign up and invest Voyager as recommended by NewsAsset, that is me and that's my Twitter handle, couldn't connect to Capital One Bank. I emailed Invest Voyager but have not received a response. And I sent out tweets that, well, how long ago was that? Just trying to get some intel. He said it was five days ago, which is way too long. So I always say, work the system. So send an email, let them 24 to 40 hours to get back to you and then hopefully they can give you the right response. But within a couple of hours, this guy comes in named Steve Erlich, the CEO of Voyager, right? And he says, hey, please send me a DM and the info and I'll make sure it gets taken care of. So first of all, I said, well, I said, thanks, Steve, but the big thing is that, how many CEOs do that? How many CEOs of a major company jump in and say, you know what, send me the message and then I'll see what I can do to rectify this. And usually when the CEO takes place and says, hey, I'm gonna do something and he tells his, you know, the staff to do something, usually just saying, usually the staff gets, and you know, takes action. So I do not see this being an issue too long for Bruce. I reached out to him, but he hasn't gotten back to me so maybe everything worked out. But to me, that's amazing. You're not gonna see like Brad Garlinghouse coming on like, hey, did you guys get scammed? Well, let me help you out. I don't think it's gonna happen. Not that Brad's a bad guy. I don't really know him, but sure. I mean, if you have a CEO coming in, I think that's pretty customer service. So that was one thing. Second thing is, this was actually an email that I had gotten from Amateo. Amateo is one of the VP of operations or VP of marketing over there at Voyager. And he just sent me this, I mean, he sends it to everybody. It's not like I'm special. He's like, hey, here's the interest rates for this week or for September. USDC is at 9%, Bitcoin at six. ETH at four and a half. And I was like, great. So I put all my USDC into Voyager because I'm gonna get 9% interest rate. That's way better than the bank. And I'd like to put it over at Celsius. The problem is, is that I'm living Texas. And Texas is the only state where you cannot get any kind of interest on a stablecoin like USDC. Love Texas. I love Texas, but sometimes, you know, what are you gonna do? It just happens like that. So I sent an email back. I said, hey, I'm a tail. Just let you know. First of all, great interest rates. Second of all, there's been some incidents come up as far as with Voyager and I've had some complaints. Are you guys going through growing pains? Which is what I assume everybody's doing. And he pretty much confirmed. He's like, you know, he said, thanks for the feedback. We're definitely growing really fast, which I can definitely see. But we've also scaled up our customer support team significantly to handle all of the inbound requests. We're doing pretty well, but we, you know, we find it hard to please actually everyone. And I gotta tell you, that is true. I've multiple businesses that I've owned and I can tell you to please everyone all the time is a surefire way to blow your head off. He will never do it. So you just have to, you know, get just aim for your best excellence and then move forward. So that's pretty much what's going on here. He says, you know what, we did have a bug that's affected a small number of customers, but we fixed it and we're moving forward. He goes, the customer sentiment is overall pretty high, but we're always looking for ways to do a better job. So please feel free to forward any information to me in any negative comments. So I'm like, great, you know, there's somebody who's, you know, looking out. So I said, yeah, you know what? There's this thing that came up. Somebody had used my referral link of Dan. They had put money in, they had them receive the referral link and you look into it. And that's it. So again, I'm very happy with how things are going there. Also, if you do not get a response from places, you do not feel like, you know what? I don't feel like I'm being appreciated here. Go someplace else. That's it. Again, we don't work for the wall, it's the exchanges. They work for us. So that leads me to my next and final point, which is about Celsius. I love Celsius. I believe in people. I believe in teams. I believe in Elon Musk for Tesla and they kill, you know, make it go to great heights. I believe in Steve Jobs for Apple. I believe in Steven Erlich for Voyager and I believe in Alex Moshinsky for Celsius. I think that guy's very dynamic. He created VoiceOver in our protocol. He's always doing AMAs. He's very accessible. He's been on a lot of YouTube shows. I think you should come on mine. What are you gonna do? I gotta actually reach out and do my due diligence and ask him. But this was, so what I'm trying to say is I believe in Celsius. So when I got this email, this is from Tiffany. She said, hey, I've had a problem with Celsius. I deposited 2000 Omisego, or Omise, or OMG in November 2019 and when the price went way high because they are helping out Ethereum with all their crazy fees, which was great and OMG went up pretty well. She stood to gain about $4,000 and when she tried to cash out, it wouldn't allow it. So I said, well, what's going on? Did you reach out to customer service? I said, yes, it's been a couple of days. But then she emailed back to her, you know what? Here's what happened. I was going to, what'd she say here? Oh, it was a number of coins issue. In the app, you need to input the number of coins manually. If you click max, you will get the message not enough fund. So what she had to do was instead of putting the 2089.457018 of OMG that she owned, she went ahead and put in 2089.457 and left it at that. And it was just a little bit enough to actually go through. So this is a glitch in the system. So if you have that issue with Celsius, now you know what to do. But I need to let Celsius know, I need to let Celsius know this what's going on and because they're glitches and they need to know. So again, the same thing holds true with Alex. Alex, if you're listening or watching, probably. Come on the show and then tell us about customer service and what's going on. But I gotta tell you, one thing is I believe in that guy and that's why I use Celsius. There's other exchanges that they talk a good game, but the people behind it, I don't really know. I don't really know what they're doing and they're not doing the things that I see these guys are doing to delight their customers as warm Buffett says. A little warm Buffett for the day. All right, so that's it for the cue of the day. Now we're gonna go into the see the day. See the day is for the correction of the day. If you watch yesterday's video, I did a correction. There's two screw ups I did. So I just tell you, hey, I'm not perfect and if I don't know it, I don't know it. I'll tell you I don't know it or if I screw up. So but yesterday, surprise, surprise. We didn't know screw ups, which is amazing. So that's a good thing, but we will continue to do the cue and see the day. I'm sure there's probably something that needs to be corrected in this video. Maybe yesterday was just a fluke. So if you see something, if you see something, say something. Now if you see something, put it in the comment section and I will talk about that in tomorrow's video, which will be Saturday. All right, so that's it. Let's jump back, huh? All right, I hope that answered everybody's question and thank God, no corrections to do. But here's what we got. If you don't know, there's a join now button underneath on the bottom right. You don't get anything special. It's just like a tip, buck 99. And why do you just do random shout out? So for all, for everybody who's signed up, just let me say, hey, Jorge Alba, modern samurai. That guy's funny. He's always making fun of my pink shirt. Salmon, that's right, salmon. Eric might go amuse web design, Albert Allery and Igor Pusan. So thanks so much for joining up. Really appreciate it. If you like those types of videos, there's gonna be too much going to pop up on your left and right. Not sure, YouTube controls all that stuff. And that is it, so check those out. They also control the ad. So if you saw a scam ad, report that and then say hi to YouTube because they'd love to hear from you if you got a problem with that, with scam ads like I do. All right, that's it. Thanks so much. See you on the next one.