 Look visual asset news or Dan for sure. My name is Rob and today just the thumb on tile suggests there is some speculation that was gonna be a massive dump coming up because of a big influx of Bitcoin to exchange So we're gonna take a look at the actual piece of information And I'm just kind of lay it out there that don't worry. It's not a big deal When in doubt zoom out I'm gonna show you what this is so you can do your own research Moving forward, you know what to depend on me Also, we're gonna talk about aetherium's new road map addition called the Scourge Talk about Gala games and P network and who will be global their legal spat that's going on after that White hack that just happened and also talk over real quick about a coin bureau They do that you should probably check out and lastly of course the little Q&A so first things first The title you can take a look at that and go oh my god It's gonna be the worst day ever because there's gonna be a dump incoming This is gonna keep happening in the bear market. You're gonna keep seeing stuff like this and hopefully don't get triggered on this channel we don't do a lot of Speculation we don't do a lot of these different parts where we could just say well This is just you know, it's dependents This is gonna be the the worst thing or the best thing ever we try to keep it right in the middle So don't worry about that. We'll get to that But I have to tell you real quick little PSA a little public service announcement I think everybody's been talking about this So I just want to make it crystal clear that There's something going on with with FTX or maybe nothing at all I'm not for sure, but I can tell you right now. There's these rules underneath me I'm talking about it all the time and they're gonna protect you. You don't have to do them He's just my rules and they've worked out pretty well for me. First of all, it's all gone Don't want to invest where you can afford to lose don't start taking little Timmy's money from your college fund and dumping it all into whatever Stepping or whatever. I don't know and then you lose it all Everything's a scam until proven otherwise. Don't leave anything in exchanges That's why you can have you have cold storage devices. You have a ledger or a tracer don't use leverage unless you're really great of it and of course 1500 X is ridiculous Also take profits along the way. It'll it'll save you so there's these things been coming up with FTX I don't know for sure what's going on, but would it hurt to take your crypto off of FTX? I'm just saying if I wouldn't hurt you too much So if you haven't done so already, please do so because that might be something that you could do if it all blows over Hey, I was wrong and I really don't even I'm not even a hundred percent sure things are going on But whether a smoke there's fire. I'm just here to let you know. I don't want you Something bad to happen to you, but I just find interesting of course Sam comes out and says look This is what's going on a competitor is trying to go after us with false rumors FTX is fine assets are fine Here's the details FTX has enough to cover all client holdings. We don't invest into client assets even in treasuries That's pretty good. I like to hear that. We've been processing all the draws What can we'll continue to do so I've heard they're a little bit slow But hey a lot of people are taking their stuff off some details on withdrawal speaking There's a little tweet that he put out It's heavily regulated even when that slows us down We have gap audits with greater than a billion excess cash We have a long history of safeguarding client assets and that remains true today. That's true. Everything's cool until it isn't I'd love it at CZ Binance if we could work together for the ecosystem And this was from a tweet that CZ put out and said look I'm taking everything off because once we figure out That something is negative for the space and pretty much sing sing singling out singling out Sam Then that's what they're going to dump their FTX for the next couple of months. So just so you know and Start trade is a good point says right here, you know the guy from Celsius Network said something similar so I don't know what's going on, but I don't like it and that's just another Reminders you do such things also moving on yesterday. I made a mistake There was this video we talked about 10-year bear market or 250k Bitcoin in 2023 and there was two people who predicted well That's one person. No, excuse me. There was two for you all that everybody to 250k Bitcoin, but it wasn't 2023 One was Tim Draper and he says in mid 2023. We're gonna see a 250k Bitcoin. I think that's crazy But that's just me the second person I've got here is his mark You use go hopefully I said his name, right? He's a CEO and CIO of Morgan Creek team and From the video that I watched I got the impression that he was talking about 2023, but he's not he was actually talking about In the next cycle because he like myself believes in the four-year cycles and he says I can see in 2025 actually happening and He actually said 250 is kind of high maybe 200k and I was taking a look at I'm like Yeah, you know, it's probably right because we we took a look at this at the fair value a lot rhythmic regression you can find this and a bunch of other stuff over a Ben's website and a cryptiverse links in the description and Again, I believe in four-year cycles and one thing to notice is this is that as we pass of these these four-year cycles This was the 2013 big boom the first one. There's a second one in 2017 Here was the last one in 2021 and you notice that the fair market value the upper band we actually exceed that by quite a bit and Same thing happened in 2013 to 2021. So if we go to 2025, let me blow this up so you can see it If we go out to 2025 Which I'll be here. You'll probably be here too. I mean if you're in the bear market, you can be here in 2025 if if we extrapolate this to the upper band in August 2025 Let's just take a guess just one thing I stopped at the upper bound is 170k and we've seen that We go higher than the upper bound Did in 2013 and 1721 so what mark was talking about this one was probably absolutely correct He said it's a you know, he could see 200k. I can see 200k. Does that mean it's gonna happen? No Because nobody has a crystal ball and over says they know exactly where it's going is full of it That's just how it is, but I hope it is and I hope it's right. So sorry about that mark I made a little error error on that one. Okay, so now let's get into The stuff so this was actually as a tweet. I Like these guys were watcher watcher. Guru. They always got good information Usually and this one comes out says hey 3.1 5 billion worth of Bitcoin sent to exchanges in the last 24 hours You're not familiar with this whole process When people start to stick their Bitcoin into exchanges means they're gonna sell it because what's the point, right? They had an in cold storage It's like they had nothing to do they put over in the in the exchanges wait for a time and the boom They sell it and usually happens pretty quickly. So when we see a big inflow of Bitcoin That's potentially a sign that there's going to be a big dump. However, maybe not so much. So 3.1 5 billion worth what's going on according to coin glass 152,000 Bitcoin worth a whopping 3.1 5 billion was moved to exchanges the last 24 hours And this was the diagram that they gave I gave you guys the coin glass Balances website and it looks like this So I need you to click on that in the description. You can do your own research from now on So when people are saying this you can go there and go wait, is that that true? So when I took a look at this one And I'm not saying they're wrong. I'm not saying but I I couldn't duplicate this From because they have a time frame of a very short here 18 October to 7th November I've kind of shortened that up To 30th and I don't see the big cliff that they that they're that they're talking about and of course here The balance is 2.1 million on a 4th of November then it dropped to 2.09. There is a bit of an increase here 2.09 2.11 2.11 so a little bit more than what it is a Little bit less I could say but it doesn't doesn't match the big Boom but mathematically. Okay. I see it But the thing I want you guys to remember is this when you take a look at these data points and go man, that's a lot That is a lot You have to sit back and go. Is this really the whole story? I mean cuz like it doesn't What you want to do is when in doubt zoom out. So let's just zoom out. So this is over the last Six seven months or so we can see that in 2nd of August. I Mean, there was a high amount of balance back then 2.15 million and It was pretty stable back then for what it was September has a bit of a volatility Then of course we have it here comes out here, but then again here we are again actually know what if you take a look at this Here's the price of Bitcoin and is this one I take it back if this one comes up here this big green piece here This is the people putting it on to exchanges it actually went up and then God we're looking at a week's time frame and Over time then it started to dip down. It was like two weeks later and then over here same thing We see the price of Bitcoin You've got 2.1 million and it comes all the way up here 2.14 and then there's a big drop-off then over here Yeah, it looks like it's flat So we could see it again and the price goes down a little bit. So yeah, maybe but again Is this the big end-all be all of everything probably not? I mean We're gonna keep seeing these things and you're gonna keep seeing these headlines and these titles and these thumbnails and things like That I just want to bring it to your attention that when you take a look at it at the grand scheme of things Is it that big of a thing? It depends on how long you're gonna be here if you're a trader first of all if you're a trader I'm not I'm not your show Go check out invest answers and James, you know, he'll talk talk you off about that stuff But for me, I'm just here for the long haul I look at this and I'm like is this gonna be that big of a deal and then what I mean How much do we go down about 2%? I'm not here for that time frame. Anyhow let me think about that in the comments section just kind of bring it to your attention and these next articles I think is Really about the next process especially about adoption. So this one was interesting metallic Muturin reveals a new phase in the aetherium roadmap called the discourage so There's been some Some himming and hawing about the merge that just came up and people have been complaining about especially about the centralization of it I thought maybe it was a little bit people talking a little bit Expeditiously a little bit too much, but apparently it's enough for even metallic to go You know what? Maybe it is too centralized. Maybe we should do something So this is coming from a dog. You're not for me but I was at a new stage the aetherium technical roadmap it aims to improve censorship resistance and decentralization of the aetherium network Ethereum has been in the second stage called the surge which is right after the merge very nice with the goal of getting to 100,000 TPS through roll-ups man. I hope they hit that that'd be cool. That's a lot of transactions per second now They can only it's not as fast as it as it could be and of course, I mean fees or fees But I really just had the fees go down not so much the speed But that's me rope nap now inserts the scourge as the third new stage and This will be followed by the previously known stages of the verge the purge and the splurge laser taser and phaser Sure, the goal of the scourge is to ensure reliable and credible neutral transaction inclusion and to avoid centralization And other protocol risks from MEV. What's MEV? Great question MEV is minor extractable value. It occurs and first why didn't know this was going on It occurs when a minor front runs other participants in the network by deciding which transactions are to be placed in a block And in what order? This allows miners to duplicate all winning deals from the mem pool and execute Execute their transactions ahead of arbitrage seekers anyone attempting to make a profit as a result The theorem has become associated with a higher degree of centralization and censorship following the merge Following the network transaction to proof of stake the percentage of blocks compliant with the OFAC or US Office of Foreign Asset Control reached 73% on November 3rd And you can debate that all you want to it's just the facts And there's another thing that came up that I found it quite concerning. This is some sentiment This was a while ago. It's December, September 15th. Did you know? According to Ethereum post merge inflation 46 almost 47% of the proof of stake nodes for storing data processing transaction I knew blockchain blocks couldn't be attributed to just two Addresses this heavy dominance by these addresses is something to watch However, there's a little bit again to really dig into that that data in the minutia One of those pools has multiple pools underneath it So I don't really see it as as that big of a thing But you're going to hear about this a lot and you're going to see well Is it really centralized is always centralized? Look, it's a lot More decentralized than any bank out there. I'll tell you that right now A lot more decentralized than eos. Sorry. Sorry Beardy. Sorry. I said it So, I mean these are the things that are going on and also remember this I still think proof of stake was a was a pretty decent move I mean it might open. I'm up for security and gensler and all those things because now it's What improved word to prove a stake, but that's that's not for me to debate. That's for gary and the cftc and Congress, I don't really I'm just here But what was interesting though is that there's a website called ultrasound dot money a link in the description You can also check this out You can see that what's been happening is that Ethereum is becoming more deflationary Isn't perfectly deflationary right because the supply change so far is plus 3000 eeth that's since since the merge which was 53 days ago Which you think what's that's a lot of eeth Well, if they would have done proof of work, you know, which would have been 636,000 eeth Let me say that again. So In the proof of work Our proof of excuse me proof of stake. They only increased their Ethereum by 3000 So not deflationary but pretty close if you take a look at all the transaction fees and things like that And then of course you go down here 636 So the supply growth per year For proof of work would have been three percent For proof of stake you're looking at yeah, yeah roughly point. It's point zero zero one whatever is my name So I see good things for Ethereum. I don't know which one's gonna win I don't care. I just buy dolly cost average bitcoin and ethereum and Solana and cardano and polka dots and cosmos and things like that And I just go about my little merry little way. I think in three years it'll work out But I could be wrong. Maybe it all goes to zero. It's not going to zero It's too much money sloshing around and of course the politicians They love to tax you on those things or the government does that's what uh, they don't want you to stick it in the In your bank account. They want to tax you. That's what capital gains are for come on silly. That's how it goes So let me just think about that in the comment section and lastly to finish up This is a weird story Gala token exploit not a white hat act who will be global who will be claimed that Calling the incident and hobie is the centralized exchange calling the incident a white hat move was only p networks excused to avoid legal Legal trends legal sanctions. Excuse me This is interesting because it's going to get ugly and there's going to be legal ramifications Against who obi And against p gala. Here's what's happening Days after game five product gala games and and d5 protocol p network Assured its community that everything was fine Every everything's fine Nothing to see here folks move along citizens Nothing to see here Uh Who obi global came out with its version of the story accusing p now work of earning a four and a half million profit From the recent p gala crash on November 3rd a suspected attacker minted two billion worth of gala On bmd smart chain and dumped a portion of the tokens on pancake swap Running a total of almost 13 000 bmb tokens, which is worth around 4.5 million, which is a pretty good day's work I gotta I gotta tell you This drained a pain pancake swap pool and caused a drop in a token price Man, I will be really ticked off that happened if I was in some pool and everything would just run out of my money traders took advantage of the situation buying gala from pancake swap and done with the tokens on who obi causing a price crash crash from Uh four cents to fraction of a penny on the crypto exchange Recent announcement by how how obi the crypto exchange made allegations against p network claiming the protocol's recent behavior is not a white hat move Like they said it was a scheme for malicious profit Also led to calling the activity a white hat attack was only an excuse to avoid legal consequences Well, we made claims the incident caused massive losses for its users, which it did Exchange underscored that it's ready to represent the users who sustained damage Illegal court of law from the incident and threatened to take legal action against p network However, if the alleged attackers are willing to return the proceeds from the attack Who are we said it will provide a one million bounty and will not pursue its legal responsibilities Pretty much forced them to give the money back said hey, we'll give you a million bucks But you got to give everything else back to 4.5. So we'll We'll take a haircut 3.5. So p network came out and said look that's a lie that you were coming out with And they also explained that it'll seek legal against legal action against who will be for its allegations. So look Things get ugly These are the things that are happening in uh in our Our market and that's just pretty much how it is. So let me just think about that in the comment section Just another thing that's happening. And lastly, I will say this Watched a great video the day uh coin bureau podcast And it gets uh, it's guy and it's mad mic. I think it's me It was a great video and they talked about uh moved to urn The different projects out there and the reason I bring it up is because I am super biased Towards sweat coin because I own a bunch of it. So just everybody knows and uh, they talk about and they give their opinions about steppin and uh sweat coin And uh, talk about some other things. I own I still own steppin the nft I used it just didn't like it and talked about sweat coin I thought it was interesting to bring it to your attention and go from there links in the description But that's it for today. So look that concludes today all the things we're talking about as far as the news If you like today's video give it a thumbs up consider subscribing all that good stuff