 It looks like there's trouble on the horizon for crypto exchange Huobi, but in all honesty, it really comes down to, does it really matter if you just would have done this one thing? So there's an ongoing story. This is about Huobi, the crypto exchange. It looks like there reserves are down 30% amid reports of the top executives being arrested by the Chinese government. And it looks like they have withdrawn or people have withdrawn almost 45 million stable coins during the last week. And of course, this is going to happen as people, they hear negative news, they don't like that news, they start to have a run on the bank as it were, they start to withdraw most of their funds. And this whole article just talks about that in, in excess of how much there actually is. And people are, you know, taken around the bank and everybody's panicking. And then one of these things that you're always going to always hear about is, well, if this is really true, is it true? Or is somebody just spreading FUD like Rob at Digital Asset News? And in all honesty, I took a look at the piece, the article, this is from Tech Hub News, and I believe in Mandarin, and I had to translate it. And it says pretty much the exact same thing. This article states over on this one, and where it's just like this guy knows a guy, who knows a guy, who heard that these executives got arrested. That's not really that great of information. However, if we do look over at Twitter, you start to see some patterns. This is Justin Sun. He's one of the big advisors over there at Hulobi. Also for Tron fame, he says, ignore the FUD, keep building. Tron and Hulbi will thrive through continuous development, trust in our vision and community efforts for a stronger future, which sounds very compelling, quite honestly. And then of course, Hulbi puts out this article, but don't worry about it. There's no FUD, there's no problems. And of course, we've seen this before. Have we not? We've heard about this from the exchange, from the people in charge of the exchanges, and we're like, we don't believe you. And with pretty good rationales. However, I need to ask you just one question. What does it matter? What does it matter if these crypto exchanges do fold up? Because there's these rules, I think we should all have learned by now, right? The rules that are underneath my big, enormous head, where it says, number one, it's all gone, don't invest more, and you can afford to lose 100% scams, everything's a scam until otherwise, don't leave any 10 exchanges. Period. Because there are pronous things like this. And of course, don't use leverage. I'm not a big leverage person. You can do what you want to do and take profits along the way. So again, when I see these articles, if you're like, oh, you're spreading the FUD, you're spreading the FUD. Look, there shouldn't be any FUD, there shouldn't be any issues, because in all honesty, you shouldn't leave anything on exchanges. And we all know that. Do we not? Anyhow, let me just think about that in the comments section. Also, I find this an amusing story, and kind of good, kind of bad. Curve. Sir, Curve had a hack last week, Curve Finance. They have over $3 billion in liquidity and assets, and they are offering almost $2 million reward to identify the hacker. I find this very odd, because the hacker's already given back roughly 73% of everything that was taken. So I don't understand why they're offering $1.85 million, other than the fact that I guess this person, this guy, this lady, this group, they only gave back 73% when they said, hey, we'll give it all back, or we'll just keep the bounty and they just didn't do it. So according to Peck Shield, 73% of stolen funds worth about $2 million have been returned as of today. And this is where it gets interesting. Following the incident, the attacker issued an on-chain message, maintaining that their decision to return the stolen assets was motivated by a desire not to inflict additional damage on the involved projects. Well, that's nice, a hacker with a heart. And this is what he states, I saw some ridiculous views. So I want to clarify that I'm refunding you, not because you can find me, it's because I don't want to ruin your project. Kind of a little late, but whatever. Maybe it's a lot of money for a lot of people, but not for me. I'm smarter than all of you. And I got to tell you, that's a pretty ballsy statement for a guy who's got a 2 million bounty on his head, but we'll see how it all plays out. I find this interesting and this is just how it's going to be moving forward. We're going to see more hacks and more issues as we stumble forward into mass adoption and DeFi is no exception. However, there's also some other good news on the horizon, which is the story that pretty much everybody and their mothers talking about today, which is PayPal. So PayPal just came out and said, Hey, we're going to do a stable coin. It's called PayPal USD or P Y USD. And we're going to open this up in the American markets. Now, they don't have any listings on exchanges because it just started today. You'll probably be able to use this on on DeFi protocols, but no exchanges that I know of right now have been used. And this is again, only in America. But I found this very interesting that here's the contract address zero X E one seven B, then it ends in one 126 E. And it was started about 10 and a half hours ago. This is one that actually was created. All right, good job, PayPal. And then it looks like up they put this another transaction here. And they tried to transfer from one wallet into the actual contract zero XC 126 E. And unfortunately, they were out of gas. So I don't know if PayPal is aware of just how expensive Ethereum gas fees are, but welcome to Ethereum and the wonderful world that it is PayPal. We're glad that you showed up. And then also I found this interesting as well. This is a nice little piece because I thought, well, if PayPal is going to do this and they have their own stable coin, and they have B USD and you have tether, how's it going to affect all these different stable coins and even like circle with USDC. So this is an article from the block. And this is from Paolo Ardoño nailed it. He is the CTO of tethering says we don't expect any impact on USDT because PayPal has been launched in US where tether does not serve. I found this interesting. Maybe I'm not understanding the context, but I've bought tether many a time on Coinbase. I bought it on Kraken. And I'm an American citizen. I'm not using some crazy wacky VPN. And I can still use tether and use it every other place. So I'm not for sure what that is alluding to. But I can just tell you that as an American citizen, I can buy tether on American exchanges. And it goes on a further state. It's interesting. Another stable coin in the US. It could lead to the erosion of revenues for payments that have been mainly fueling MasterCard and Visa. Let me tell you something. They are correct. I wholeheartedly hope that actually happens. MasterCard and Visa have a stranglehold in all of us, especially for my businesses, for all the different transactions I have to do. And that is very true. Unfortunately, the problem with that is that MasterCard and Visa are still low in transaction fees. Unfortunately, this ERC-20 token for PayPal, it's on Ethereum. And if we go to bidinputcharts.com, I'll link in the description. I'm just going to look at the last six months, not over the last bullmark. We can see that just in March, I mean, we had an average transaction fee of $1.72 for Bitcoin. That's pretty good. Ethereum, almost $16. Now coming down here, not too bad. $5, $4. That's pretty good. $3.54. And then back up to $5.00 and $6.00. Somewhere around here, it's going to hit $7.00 or so. $5.00, $6.00, $7.00, $8.00. $16.00. Then we go up to here, part $27.00 for an Ethereum average transaction fee. Yeah, that's right. So right now, I mean, it's a nice dream for Ethereum to do that. I think layer two solutions would be just fine. XRP would be a pretty good option in that case, also as well. And of course, Bitcoin Lightning and every other crypto that's out there that you hold that I didn't mention is going to be awesome. But as far as like Ethereum layer one, I just don't see that happening for transaction fees. Anyhow, let me just think about that in the comments and then to finish up, I'm feeling pretty good lately about the market itself. This is Ben Sight. He's a lot. And I like this part here where it just gives you like a summary of price metrics, on-chain and social. You can take a look at total market cap risk, Bitcoin risk, fear and greed index. The on-chain metrics looks at the MVRBZ score, 12 multiple transaction fees, and then social is all like YouTube views and Twitter followers. And it just kind of condenses it into one summary. And right now, it's relatively safe-ish if you're investing into a crypto market that is the most volatile market in existence so far. So when I see this, I'm like, this is not a bad time to dollar cost average. And actually, I just added another image from early in Ohio. This is in the four-year cycle risk bands. Link in the description. You can find this piece here. And it lays it out very nicely actually. And you can see that the bear markets are two years prior to the having. Or actually, it's actually just one year after the all-time high. Of course, 2010 doesn't exist. So 2010, 11, 12 was a having, 13. And they break it down by bear, free bull and first, bull and second. It's all the same things we know. I just thought it was an interesting way to look at things. Right now, look at 2011, 15 and 19. I like to look at this because you can see like towards the end of the year, it kind of starts to go up a little bit. 2019, it's still, it goes down a little, but it's still looking pretty good and flat into 2020 having and really, really drove down unfortunately because of COVID, but then it really took on a rip and a tear. Same thing in 2016. Same thing in 2012 and the bear market. So right now, I think it's a pretty good time. Is there a recession in the cards? Yeah, maybe. Who knows? But remember, recessions don't last forever. Bear markets don't last forever. Neither do bull markets. So I take a look at this. I'm feeling reasonably good about what's happening in our crypto space. I feel like the time is coming soon, we will say. And one of the things I need to talk to you and try to get in your head is that this is that the next bull run, I think Bitcoin will do great. L1s will do fine. L2s will do really great. But I'm really, really under the impression that we're going to do a lot of play to earn or the gaming aspect and that'll lead a lot of things. And you don't have to invest into, of course, the actual projects that are out there, but just pay attention to where all the different gaming play to earn, play to win, play to whatever are actually being built on what rails. Are they building everything on Avalanche? Are they building everything on Near? Are they building everything on Polygon or Ethereum? Just take a look at that because you don't have to decide all those things and say, well, all these rails are being built on one thing. And there was a great Twitter Spaces. I'll link it in the description. It was with Animoka Brands co-founder Yatsu. They talked about crypto gaming heating up and it was a really good talk about where things are going and why it's going to do pretty well. Also, I had Yat on the show almost two weeks ago now. And he did probably the best breakdown I've ever heard of Web 3 digital property and why it's going to be so huge. So I'll link that in the description. You can check it out. This would be the one to check and, of course, the Twitter Spaces. But I think that will be big, but we'll see. And that's it for today. So look, if you like today's video, give it a thumbs up. Consider subscribing. Everything we talk about is time-sensitive, especially as we go into the Bitcoin halving, which we got about eight and a half months or so. That's it for today. Thanks so much for stopping by. I do appreciate you and I'll see you on the next one.