 Welcome to Digital Asset News, I get top stories in cryptocurrency digital assets and break them down into bite-sized pieces. Today, we've got some concerning news, I would say. First up is from you today. Whales are dumping Chainlink in mass. This is what the data is pointing to. So the question really is how far or how low can Chainlink actually go also? Cardano is set to take over Ethereum's DeFi business if ridiculously high transaction fees persist. So really got to ask yourself, well, how high are the fees and how close is Cardano actually to doing this? And lastly, we go over question a day where I answer the question, which I did not do on the video from yesterday, which is how the heck do I buy Theta? But we'll get into all that in a second. Let's just go over the market, see what's happening. So today, Wednesday, August 19th and more red, which is not surprising because we had a fantastic run for quite a while. Bitcoin down to 2.5%. So below 12K it goes, but I have an optimism that we will see that reach relatively soon. But who knows? Ethereum down 5%, but still able to stay above that $400 level, which man, I got to tell you, that makes me super happy. XRP, $0.28. Watch out, Tether is Tether. Chainlink actually is actually at 4.6% today, so pretty good. Now we are below the all-time high of I think it was $20.01. But, you know, anywhere around $17, I'm pretty happy. I mean, I picked up Chainlink a long time ago and I'm happy with what's going on. But we're going to take a look at an article which states that things can get really rough. Bitcoin Cash, Cardano, Litecoin, and everything is down across the board. Tron down 10%, USDcoin, whatever, and everything else. So today, not a fantastic day, but look, you got to take the lows with the highs and we've been right in high for quite some time. So let's just jump in and see what's going on in the news. So first up, more bad news. Welles dumping Chainlink in mass says data. And when we go over this, I want you to take this with a grain of salt because you have to understand that these whales, I mean, whales are whales and they're only here for a finite amount of time. I think it's going to be changed on the horizon. So according to data provided by Crypto Analytics firm, sentiment, the number of link addresses that hold from 100,000 to 10 million tokens has been on the decline since August 6th. The headline grabbing crypto corrected to correct and buy almost 27% after reaching a lifetime peak of $20.10 on August 16th. So yeah, just three days ago, it was up pretty massively. I got to tell you, once it started to go up past nine, past 10, past 11, you could take a look at some traders were like, hey, I don't think it's going to go past this. And I went 12 and the 14, the 15, take a look at the RSI, the strength index. And you could see it was overbought. But still kept going up. And here we are. I mean, it went to $20 and retraced back to 16, almost 17. But I mean, hey, you can't be too unhappy about that. And there's been, there was videos that I did along the way where people were continuously asking me, hey, should I get into China? Should I get into China? It's going to be huge. It's going to be awesome. It's going to $100. And I said, just calm down, just relax. This is not my first rodeo I've been in this game before. And I can tell you right now that what goes up will invariably come down. So don't bet the farm on it. You know, and this is people ask me like at $17, $18, $19, I'm like, don't bet the farm dollar cost average in by a little bit here, you know, wait for two, three, seven, 14 days, whatever it is that you feel kind of with and then buy some more because, you know, you never know. If, if you think that all it's going to go up forever, well, guess what? It's not, if you just dollar cost average in, it's just a safer way to do things. That's, that's all I'm saying. Anyhow, into this article, Barstool Sports founder, Dave Portney, declaring himself the captain of the captain of link marines and mainstream media starting to cover link market, the local top of 1,018 percent rally. So if you didn't catch this, this was a story that we did a couple of days ago. David Portney, he is the CEO and I guess he was a former owner of Barstools. He sold it for, you know, millions of millions of dollars a couple of years ago. But he actually sent out a tweet to the Winklevoss twins goes, I don't understand Bitcoin, so come and teach it to me. And these guys came over. I guess that's what big money does. One other big money guy says, hey, can you help? They're like, sure. Actually, I think it's more so that he's got a, like, you know, a million plus Twitter followers. So, you know, there's there to, to push out the message. So they went over there and this guy bought $250,000. I think $200,000 went to Bitcoin, $50,000 went to Chainlink. And he was like so impressed because he's, he does a lot with day trading now. And he has a bunch of followers and they follow him on the day, his day training exp, expo. And he's been tweeting a lot about cryptocurrency and digital assets. So that is fantastic news. What's not good news is that I'm afraid that he probably, you know, was victim of FOMO and bought in at a high and probably kept buying and probably lost right now. So again, I see this as a positive for, for cryptocurrency and digital assets, just to get the message out there. I think it's also negative because you can see all the volatility, but who knows? They say all press is good press, right? So we'll see how that works out. Anyhow, finishing up on chain analyst, Aldi Martinez, estimated that roughly 64 whales have now left the network. And you gotta understand about whales and that is that everybody's afraid of them and, you know, they're so awful and whatnot. They're just, I mean, look, they're just people making money. And the thing is, is that this is the same thing with Bitcoin. It's the same thing. Whales control or, you know, there was more whales that control the massive amount of Bitcoin and they sell it or dump it, whatever you want to call it. And when the price goes up because they're here to make a profit, but here's the thing. There's only so many whales out there and there's a lot of us, the small players, the ones that, you know, pick this up. And these whales at some point, they're going to dump and they're going to, they're going to sell off. But at some point, these digital assets will be in the hands of the people that really deserve, not deserve, that really need it and want it and have strong hands and will hold on to it for quite some time. So it's all this, all these, this Bitcoin, these digital assets, this chain link that was in the hands of these whales is getting shaken out because these guys are like, I mean, they, they're not going to hold forever. Okay. They're going to sell it. They're going to invest into something else and get into something bigger or whatever else they're going to do. But that's how it works. And it's going to disseminate down to us and we're going to have more piece of the pie. Now, there are ways to not get caught with these whales, which is avoid the FOMO. And I always talk about it. There's, there is one rule, actually there's two rules of cryptocurrency. The first rule is we don't FOMO. The second rule is we don't FOMO. So if you just avoid those types of things, just be careful. Don't bet the farm, you'll be okay. And then all these whales that are dumping or selling on us, we'll just pick it up here and there. And later on, whales get out because we have the control. All right, let me know what you think about that. Let's move on to the next story. So next up, I like this one. Cardano said to take over Ethereum's DeFi business if these high transaction fees persist. So Ethereum's network fees are huge and they're becoming a major concern. And more people are wary of paying the fees, blah, blah. Okay. No one really cares about that. What really matters is what's the fees? So there is this site called whitecharts.com forward slash indicators forward slash Ethereum and just look up, you know, Ethereum fees and you'll find it. So these are the Ethereum fees right now. And you can see back in the day, I mean 0.007, pretty nice, right? But that's when Ethereum wasn't worth much. And then it kind of came up and then a little congestion. And this was in June 27,017 at 41 cents. And people were out of their mind like what 41 cents used to be less than a penny back here. And then here we are. And then during the great bull rung bull rung bull run December, 017, you had a spike and it was a dollar 11 and people were freaking out over that. And then it kind of came down a little bit. Then in 2018, when it was kind of coming, you know, really hitting a crescendo, you had it at $3 and 12 cents. And people again lost their minds like this is ridiculous. And of course, the big sell off and here we are. Came back again. Nothing. Here we are coming now. Take a look at where we're at right now. So if you can take a look at the highs, the high highs, we were at one point at $7 and 30, Jesus, $7 and 36 cents. That is amazingly high, right? Now we're sitting around $3 somewhere. Looks last value 357 and that is for today. Well, yesterday, so pretty amazing, pretty high. And I don't see it really going down because DeFi has just been hot for so long, but I mean, who knows, it'll hopefully come down a little bit, but that is a ridiculous amount of fees to pay. And that's just for like an average. If you want to get something done, you got to pay for the nose for the Ethereum fees. Like I, I had to do a couple of things. And I was like, yeah, wait, it's been like two days. So I mean, it gets kind of ridiculous. Anyhow, back to the story. Ether scan, this is what, well, this gets to the meat of it. Ether scan currently recommends a gas price of 350 G way. How are you going to say it? For a 20 second transaction waiting time. I mean, the people are paying as much as $50 to process transactions to ETH. So here's the thing, like, I mean, you can wait like I do. I'm not paying 50 bucks. I refuse. So I'll just wait for it and that'll be it. But that kind of goes against the whole principle of cryptocurrency assets. It's supposed to be fast. I mean, it's supposed to be like, not instantaneous, but I mean, as fast as it can go. But right now we're looking at speeds of like a Bank of America speeds. And that's not what I got into it for. So hopefully with the role of ETH 2.0, things get a little better, but there is something on the horizon. And what they're talking about here is that there was a crypto enthusiast, and I'll show you in a bit, that call on Cardinals Charles Hoskinson to launch smart contracts and native assets faster so that all the DeFi business on Ethereum can be posted to Cardano, which I think is pretty interesting. So this was the guy. This is Anthony Garrett's from Twitter and he just says, Hey, I mean, transaction fees are crazy and can, you know, Cardano do anything with that. And Charles Hoskinson, which some of you love and some of you hate says, Hey, I can't imagine it, which is why I built Cardano. Nice little dig. Then some other people down here just say, Yeah, yeah, yeah, right. It's never going to happen. But but really could it happen? I mean, could it happen? We see this all the time, right? We talk about us all the time about the emerging technology. Yeah, we talk about Netscape as far as a browser and then came along Firefox and then came along Chrome and came along Brave. And then you had social media platforms like MySpace, then you had Facebook and I have Instagram and TikTok. I mean, things just kind of get better as time goes on, right? So who knows where it could go? Let me know what you think in the comment section, but I hedge my bet. That's all I'll say. So moving down to the final piece because the rest of it's kind of boring. Transaction fees are only going to get worse with increasing defi activity. Yes, it will. And while ETH 2.0 will try and address this issue, which I hope it does, I hope it actually makes itself and does real well. But some feel that it may be time to dethrone Ethereum with better and already available solutions. And I got to tell you, as far as like hedging my bet, this is this is why I've invested in the things that I've actually invested into. So that would be Bitcoin, Ethereum, XRP, Cardano, Chainlink, EOS, Tezos, Stellar, VeChain and the new guy, Theta. So you may notice that this has changed because I actually had to update this, not just for Theta, but the amount of my holdings. And I got to tell you, because of the massive run-up for Chainlink, this is the percentage as far as price of what I actually hold for all these different projects. And Chainlink was a big run. So we'll see what happens. I mean, hey, it's cryptocurrency. Go to zero tomorrow. Who knows? But the thing is, I mean, I buy all these things for a specific reason, not just because they're the shiny object or they look cool or someone says, this is going to be awesome. I look at it because like when I look at Bitcoin, Bitcoin is the first. And I always, and I always talk about this, about this firecracker theory I have. It's like firecrackers on a chain. The first one to go off will be the oldest, which is, to me, is Bitcoin. And it's what everybody talks about right now. It's what all the institutions are, you know, gabbing about and getting into. So Bitcoin is going to do really well in the short term. Medium term, long term, I have no idea, but that's not my concern right now. I just know that Bitcoin, I truly believe, will pop off first. And then I have Ethereum because everything that has to do with decentralized finance, everything that has to do with smart contracts. Ethereum was also in that realm of the first. And I think it has a lot of activity. It's got a great team. It's got smart people. It's got a lot of contacts. It's got a lot of partnerships. So Ethereum, I think, will do very well. Now, here's the thing, just like what we talked about in this article, I think there is room because everybody wants to hit up the king. And right now, Ethereum is the king right now of that sector. So what could that mean? That's why I invested into Cardano and EOS and Tezos for the smart contract capability. So if Ethereum doesn't make it, hey, it doesn't make it. I'm not here to shed tears. I'm here to make a profit. And that's why I invested in other parts. XRP and Stellar, I invested into cross-border payments and remittances. XRP is more like the bankers coin. So I got into that because I thought that'd be good. But then Stellar, I like their business plan, which is to bank the unbanked. And I can get behind that. So I think one of those will win out. Don't know which one it is. So I got them both. And then Chainlink, all these different smart contracts we talk about, they all need what's called an oracle. I know there are other oracles coming up, but again, Chainlink's the first. Now, I might get into something else later, but right now Chainlink, like I talk about the firecracker theory, I think it's the next one to pop off. And if all these different smart contracts work, whether that be Ethereum, EOS, Cardano or whatever, or Tezos, they're going to need some type of oracle. And I think Chainlink's it. So VeChain and Theta, VeChain just makes sense to me because of my Amazon business, because I need to track these types of things. I need to see, like, especially for these these shifty, well, I used to work with shifty distributors in China. I cut them off. I after everything happened, I just I just don't deal with them. So but with VeChain, I mean, to actually be able to track for forgeries for, I mean, just think about like like Nike. And then there was an aerospace person, one of their comments said that they have a real problem with counterfeit parts. And when they get them in, they're like, well, we hope these things work. I mean, they have to test and everything else. But to eliminate counterfeit on that part, on baby formula, on different products that are like high end stuff, VeChain is it. I like it. And not only that, we talked about yesterday about their partnership with a third largest pasta producing company in Italy, where they are verifying all the different aspects that the employees have to do to meet coronavirus regulations. So, I mean, VeChain only makes sense to me. And Theta is the last one. And Theta, because of what's going on with eSports, because of what is going on with the bandwidth problem, I would say, because we all need bandwidth and in the share economy, Theta takes the unused bandwidth that you're not using and you earn T fuel and it has a bunch of partnerships. And one of the co-founders are a person of all, I guess, with a co-founder of YouTube. So that's a very long reason. But that's why invest in these things. And I think one of them is going to do well, if not all of them. Who knows? All right. And speaking of Theta, this is the least of the question today because I talked about adding Theta as to my portfolio yesterday. And I wanted to, the problem was that people asked me, well, where did you get it? Where did you get it? Where do you get it? And I messed up. I didn't tell you exactly where to get it because not like you get a Coinbase. So let's jump in the office and I'll explain. All right, everybody, welcome back to the office. So on yesterday's video, I talked about there was a new addition to my portfolio, one, I was going to massively increase my purchase of VeChain, which I started off yesterday. And the next one I talked about was getting Theta. So I said, yeah, I'm going to get Theta. I'm going to add it to my portfolio. Unfortunately, I didn't explain to you exactly how I was going to buy Theta because it's like you just go to Coinbase or Kraken or Gemini or any of the big exchanges to get Theta. They actually asked to jump through some hoops. Let me just say this. We are so early in this little cryptocurrency digital asset ventures that it's actually difficult to get the things that you want. So think about that. All the things that you can have or should have are usually at your fingertips. But with cryptocurrency, it doesn't work like that. Sometimes you got to jump through some hoops to get what you're looking for. So I'm going to jump it back into my computer and I'm going to show you exactly how this goes. It's a little tricky at first for for those of you who are the uninitiated who don't do this too much. I don't do this too much myself. I kind of stick to the easy things, but it it will actually pay dividends, I believe, in the future. So let's jump into my computer. All right, first things first. If you look in the description of my videos, there's going to be Google spreadsheet, whether it's a link. It's going to link you to the exchange and wallet fees. And it looks like this. And I'm undirect you here because there's been some problems with with links and people going to the wrong place as far as like, especially like with uniswap. So I don't want that to happen to you. So just go here because this is the right link and I know it is because I use it. Anyhow, look at simple swap. You don't need to sign up. Just click here and then you click there. So this is going to be a two-parter. OK, you're going to need simple swap and you're going to need a theta wallet. So first things first, it's going to say just to just so you know, aware of how this all works. So simple swap. There's two types, floating rate and fixed rate. If you click on fixed rate and let's just use a theorem, whatever you have for your cryptocurrency, I'm going to say a theorem. And if we look for theta, it's not there. OK, so you got to go to floating rate. You got to make sure you click on that. Make sure a theorem is there. Click on this and we're going to look at theta. Whoops, got to be able to spell it. And it's going to ask us enter the recipient's theta address. That's us. So what we got to do is we got to go to this website. It's called ThetaToken.org and it's going to click on this thing called wallet. And of course, I already have a wallet, but you don't. So you're going to click on create wallet and you're going to set a new password, whatever that is, I don't know what you want to do. And then reenter password and then click right there and then download the key store and the key store is just this little little file that you can store on your computer. So when you want to access your wallet, you can get into it. Also, it's going to also give you that seed phrase so you can write that down. So just write it down and makes it super simple, right? OK, but here I already have a wallet. I'm going to unlock it. So again, there's ways to unlock it by using that key story I talked about by using the mnemonic phrase. If you have a private key or if you have a hardware wall, like a tracer or a ledger, I'm just going to use the key store because it's way easier than a mnemonic. I've already written down in my cool stonebook. If you don't have one of those, good luck getting them because they're all sold out. But my friend, Freddie, he's got some coming in. So I'll let you know when those get in there. So let me just get the key store. I'm going to. So I got the key in there and then there's my password. I'm going to unlock my wallet and look out. I got a thousand, eighteen hundred, almost nineteen hundred theta that I bought. Wow. All right. So what I'm going to need is I want to receive. And I'm going to copy my public address. Remember, public address, you paste it anywhere you want to. Private address, private keys, keep those yourself. I don't want to know those. The only people who want to know those are scammers. So we're going to copy this. You're just going to copy. I'm going to go back to a simple swap. So let's do this. Let's use a set of ethereum. Let's see if we can use XRP. That's pretty fast and pretty much stable coin anyhow. Right. So XRP and we're going to look for theta. So there's always sorry. There's always minimum amounts, 247 XRP. So for this one, let's put in let's say 247. I'll just do it to 50, I guess it's like 80, 80 bucks. I don't know, 70, whatever. So OK, so we're going to get back to theta and let's put a theta address in there, which put the right there and we'll click exchange. So remember, so with XRP, you must put in this thing called a destination tag. Now we can use a theorem. Well, that's probably going to be super slow and kind of pricey. You use Bitcoin. I don't know how fast that is these days. But XRP is pretty darn quick. So let's just do this destination tag or whatever else. Let me so wherever you have your cryptocurrency on whatever wallet or platform, whatever else, that's where you're going to send your XRP to or to your theorem, whatever else. So I've got a little I got a little XRP on my coin based wallet. I'm going to click on the little send with a paper airplane. How much am I sending? Two hundred and fifty. Whoops, two hundred and fifty dollars. Let me switch to 250 XRP and I'm going to continue. To where am I sending it to? Well, I'm going to click on the QR code and. Right there. Scan that guy. Note, I'll just put a little note in here. Simple swap for theta memo or destination tag. Two, six, one, two, two, zero, five, four, eight. And we'll not let you go without doing that. I'm going to click preview and just so you know, memo is the same thing as destination tag. All right, so we're sending seventy one dollars and seventy six cents or 250 XRP to blah, blah, blah, blah, this address. And we're going to pay with the XRP wallet. Coinbase fee zero like that. Never fees zero. Total seven. Let's send now. See what happens. OK, sent seventy one seventy six to REMV. Now last VSC. Try to do takes a few seconds. That'll be interesting to see, actually. So first thing, first things first, remember. That exchange ID, copy, copy back. She won't want to get this so he can see the whole thing go down, confirm and exchanging, sending and finish. That's important. OK, so it's been about 20 minutes or so and I had to do some things when I stepped away. Let's see what we got. So if, if it doesn't come up for you for whatever reason, the swap, remember that tracking number that we had, that we definitely did write it down or copied and pasted. So we're going to copy that or paste it right in there to track your swap. We're going to get that icon there. Little search and OK. So it's already gone through. It's confirmed the exchange of it. It send it and it's finished. So we should have gotten a hundred and sixty six theta into our theta wallet. Let's go to our theta wallet and verify that. And there it is. So there you go. There is your your theta and how to grab it. All right. So that's it. Not too bad, I hope. This will get you on that path to theta. Now, unfortunately, you can't do it like how, how Gemini or Voyager has it or even Coinbase, where they have recurring buys. Every time you want to buy something like that, it's not a set it and forget it. You have to actually go through those steps and get it every time. So hopefully that leads you onto the path to get theta if you're interested in that. But that's all up to you. All right, let's just jump back. All right. And that's it for today. So hopefully that made sense and helps you all out. But before we take off, just so you know, there's a join now button underneath. You don't get anything special. It's just $1.99. It's kind of like a tip. And I just give random shout out. So let's do that. So I got fun. Jess Zadra. I've got K. Neumann. I've got shift happens. Joe Griffith, Joseph F. And Timothy Dillon. So thanks to all everybody who has signed up. Really appreciate it. If you like those types of videos, going to be two more that's going to pop up on your left and right. Not sure. YouTube controls all that stuff, just like the ads you may have seen in the beginning, middle, and end. Whether they be scams or legit, I have no control over those. So again, thanks for checking out. And I'll see you on the next one.