 Welcome to digital asset news to get top squares and crypto and bring out a bite size pieces They just the thumbnail suggests There's an evolution going on in the crypto and digital asset space and it's gonna make things like social media and banking Or so obsolete and we're gonna get into that also talk about Bull run top indicators because the market just popped off. So the question is when is it gonna fall down? I'm gonna talk about hacks and secret meetings Solana social media and gaming and then finally we'll take a look at a little meld update Which the project that I've been following pretty closely So before we get into that let's take a look what's going on the market. So today. It's a great day. It's the 8th the 9th November Yeah, 9th of November. It's a Tuesday beautiful day And this is what we got as far as tokens and things going well So Bitcoin itself is up almost at 67,000 I know we hit an all-time high yesterday and who knows we could keep going on What mark caps almost at three trillion depending on where you look could be three could be not But the big thing is over the last 24 hours Cardano is up 9% and Litecoin is up 18% it just goes to show you that it doesn't matter what you think the market's gonna do Which ones are just gonna blow up because of either a great partnership or a great story or some TA that comes out it just kind of happens when it happens and When these things I always take a look at this I always take a look at the products that haven't done anything for quite some time and I get real excited by those projects I go, you know what if they haven't moved in a while They are due and the same thing happens right here Litecoin and Cardano really took a major pump also Binance Armistice Bitcoin Cash and They're in classic sure for whatever reason also if you're a big trader We're using trade the chamber since been analysis I'm gonna take a look at the projected range for one hour one hour If you're a big trader take a look at loop ring looks like within the next hour or so You're looking at between plus seven and plus sixteen percent and then some other ones down here So to take a look at trade the chain is a link in the description. You can check that out And that's what's going on the market. Now. Let's get to some big stories some big stories, but some indicators and Because we've just seen our mark up hit three points something trillion dollars a question I keep getting asked is when is the top gonna actually happen? I have no idea because I'm not no Stradamus, but I can direct you to something That's really I've been featuring on the show for quite some time It's the pie cycle top indicator and yes retroactively It did look back and said that when you take the 111 day moving average Which is this yellow line right here as it crosses over the 350-day moving average times two that's usually the top and when they took back the last three times It said yes, that would happen in April 2013. It also happened in November 2013 It also would have predicted the November or to me December 2017 top and also it correctly predicted the April 2021 top and when we take a look at this that yellow line has to cross the 350 or the green one Look how much space we have Before it crosses again, and if you just take a look over time you've got a lot of time to do these things So where could this end up my personal opinion is what I've always said It's gonna be somewhere around a hundred and thirty K I don't know if it's gonna be super high or super low, but that's kind of like my point. This is not financial Advice just financial opinion. That's where I see things going and it's pretty much confirmed by the pie cycle top And of course TA people you're welcome to sound off in the comments because I know you got an opinion on that So that's what's going on there. Let's take a look at some good news and a little bit of bad news So first up the good news. I think one of the reasons why Cardano may have pumped is because World mobile token, which is that token right there in the bottom left-hand corner They just put out sweet and said, hey, there was secret meetings held by IOHK the the founding arm of Cardano blockchain Secret meetings and I was like, is this really a secret? I mean Charles went to Africa Do you think he didn't meet the heads of state because if he has a digital ID with a Tala Wouldn't that be something I really want to know about also they're bringing telecommunications in with world mobile token When that's something they play I want to talk about I would assume so but I mean, hey world mobile token Sure, good enough. They sent out the tweet Maybe something maybe this or something else happens But just one of those things where it goes might have been a little bit of a reason on top of that Here's some bad news. The bad news is Excuse me. If you have a Robin Hood account like I do It just got hacked Yesterday so another example of a centralized organization being hacked yet again and your information is Floating around on the internet yet again along with all the other hacks that you have throughout time so Just get used to it because if we're gonna keep using the centralized entities Just you know, you should just put a big billboard of your name your social your date of birth and everything else your likes and dislikes Just on I-10 and have people look at it because that's essentially what's gonna keep happening. Anyhow This is what happened hackers Access some personal information of roughly 7 million users then demanded a ransom payment Ah, can't wave us the online trading platform said it believes no social security numbers Bank account numbers or debit card numbers were exposed and the customers have seen no financial losses because the intrusion I will just point your attention to this right here where it says the online trading platform said it believes this information was not Validated or whatever just so you know, that's just a belief. That's not either saying we're a hundred percent sure it didn't happen so Public service announcement if you have Robin Hood like I do go in there and put all the Security settings that you can like put up the pin put up a two-factor authentication And then I'll change your password because you never know when they could drain your account So just be safe instead of being sorry later on so that's what's going on in the good news bad news and then Lastly before we get into meld Solana so Solana was a little bit late to the game I didn't pick it up at pennies like some people did good for them But the double digits. I'm still pretty happy about how things are going on. I wish I would have picked up more but that's how trading goes and this is what I'm talking about as far as crypto is evolving and taking over These services these corporations that are centralized just like a Robin Hood just like centralized banks Just like centralized social media just like centralized gaming platforms It's really going to take over everything and here's the prime example So this is a Sam Bakeman freed and he said social media is a massive opportunity for Solana Here's what he's talking about He says he was just talking about the future of blockchain on a round table and he says Well, first you first, you know FTX has close ties with Solana they Launched a marketplace for Solana NFTs via FTX if you don't know they have at their own NFT marketplace. It's great. I bought a couple of entities. Also. I use the phantom wallet. It's seamless. It's fast It's quick. Oh and also Unlike MetaMask, you can actually see your NFTs within the wall. It's great Solana could benefit from the growth of the so-called game fi space He added that it was possible that two-thirds of all crypto users could be on board via gaming in the coming Years and so just to talk about gaming. I mean sure I'm not a big gamer and I know that like there's a lot better people to listen to than me about blockchain gaming That's for sure But I can see how it will be a big poll because if whatever you were a kid I'm sure you played games and you know how addictive they are Well now take that addiction and then with and then add on top of the fact that you could also make a little Money as far as in crypto. That's where we're at. So if I was a kid, I'd be playing Super Mario's 24-7 just like get the actual Crypto that was off it. So that's just one part and I think the reason why he's talking about this cuz Solana has pretty fast transaction speeds and It's a room to scale. So that's one thing to consider. Also, he thinks social media on the blockchain could be Absolutely huge before explained that he thinks Solana is the best network for it to be built because of thing We just talked about. So yeah, so the things like we just saw here with Robin Hood. You losing your data Facebook you losing your data the difference Marketplaces you lose your data Also for credit services where they actually take your information to safeguard you and then you lose your data This is just a natural occurrence and really what happens So if we can just put everything in a decentralized manner, well, unless somebody hacks the entire network You should be okay as far as the decentralized part of it. So I think it's just a normal progression So imagine just replacing a Facebook with some type of social media platform That's run on Solana and then of course all your data It doesn't really matter then you can interact and you can share wealth You can make payments and everything else not just within certain countries But any country to any person for hopefully some low fees not a theory fees, but you know what I mean And then lastly it states here in July Vitalik Buterin discussed how a theorem could act as a base layer that would allow users to claim ownership of their identity And you know the network has to expand Beyond DeFi and I have to agree with them as far as like expanding beyond DeFi the projects that we have right now are just a natural progression of Evolution of what things are doing right in the beginning You just kind of just you would trade clams I suppose as far as a monetary base and then of course you would put that into golden silver because that would be a Storo value then of course you could put it into banks because banks could you know have it there and store it be safe FDIC insured and of course now we see a progression into Decentralized types of payments and even like loans like loans now we have like we have a block fi We have Celsius which I've used myself But it is a centralized finance platform that is true later on they're gonna move into DeFi But what if we could take the best part of DeFi, which is cut out the middle man Actually get a loan and here's the best part not have to pay back the principle of the loan But just the interest and to explain a little more about that I'm gonna bring in Ken Oling who's a CEO of meld Which they are promising to do just that which is a natural evolution of crypto and digital assets So let's jump right in getting some more information and I want to introduce Ken Oling He is the CEO co-founder of meld Ken. Thanks for coming back to the show. We appreciate your time It's always great to be here Rob. Oh, yeah fantastic a lot of things going on a lot of things moving quickly we could say and For those of you who who don't know as far as what meld is we did a video about this I'd say about I don't know four months ago or somewhere around there Yeah, it was like two and a half months ago two and a half months I know exactly and what I'll do is I'm gonna link this video at the very end so everybody can check it out But just real quick so everybody kind of understands exactly what meld is so meld is it is built on Cardano on the Cardano blockchain and the thing is we just go down here. This is this is my favorite part Melding crypto digital currency stay long get cash me you don't have to cash in your crypto these days You can take loans against it, which is what the things that I'm doing to buy Real estate in the real world and in the virtual world and also you get to keep your keys And I think that's a big differentiator between some of the other loan different C-fies out there and then this is how it works you take out a loan they pay you in cash But you get to earn yield on your crypto because your crypto collateral is added to meld's liquidity pools to generate yield So you know like in other places they'll say give us your crypto. Here's your money We're gonna take that crypto and do whatever you want with it and you don't get to keep your keys Well meld you don't have to do that and they actually you get to keep your keys They actually gain yield on it. So it actually helps you to pay back your principal Of the actual loan and of course you have to pay back the interest they pay back the loan Interest in principal and he gets to earn all the time that is essentially it a nutshell Ken. What did I miss? No, you sort of summarized it pretty pretty straightforward So it's not a it's not a complex concept and you know the reason why we can do it is because it's it's non custodial So everything is on the blockchain. Everybody can see all the transactions So it forces us to really behave in a really responsible way. Yeah makes sense, right and then the last thing I will just make mention is You guys had a pretty pretty great way to do things about as far as getting out Meld itself he did a an ISPO an initial stake pool offering So instead of doing like an ICO where you get a bunch of people and all these VCs And you get to just you know congregate and concentrate different currencies or different digital assets You say look here's what we're gonna do if you want to earn in meld. All's you have to do is just Allocate some of your ADA to our stake pools and instead of earning in ADA You're going to earn in meld and there was there was some Not limits, but a combination of both we could actually earn a little bit of ADA a little bit of meld and that took place Well, actually when we did this video two or three months ago And now we're coming up on the time when all the meld tokens are going to be released But which was I think December 9th, right? Correct, correct, right? But I think there's a little bit of a change. Tell us what the change is and why does it change? Well first the the ISPO filled Yes, so it's not over. It's not it's not closed or it's not it's not done But we've managed to fill the full set of 12 pools 640 million ADA It's gone down a little bit since then so one of the things I'd like to tell people is that, you know It's not over you can still keep your ADA and you still earn meld in the stake pools But if you do take your ADA out now and you try to put it back in then it won't count So just leaving it in there until December 9th is The best thing for you to do if you want to be able to earn it if you don't that's totally fine You can take it out anytime you want. There's no lockups Which is nice, right? That's the best part about staking. There's no lockups You get to keep your keys you get to keep in your wall dead list or Yoroi or a delight wherever you're using and off you go So that's the big thing and now December 9th is upon us. Yeah, it's all gonna work with you know Yeah so we have we have the we've had the launch of Alonzo on September 12th, and we've been working towards being able to Deliver and sort of do the Genesis event for the tokens on December 9th and launch the token launch the platform But because we've now had a lot of time to get our hands on the main net been working on the test net been working closely with other developers We are going to delay our actual launch from December 9th to January 31st So we're going to delay by just about two months The reason why we're delaying is because we don't feel confident enough that enough of the sort of Core bugs in the main net have been addressed We see the progress of these bugs being fixed. They happen on a very fast pace basis So we see that we see the sort of light at the end of the tunnel But we didn't feel that launching right now would be a safe way of putting our protocol out there And we want to make sure that when we put our foot forward We're putting it in a way that we're not going to expose either us or any of our customers digital assets at risk And so therefore we decided to postpone these two months. There's a couple of things to sort of keep in mind in this process Those that are Invested in meld that have bought tokens that have a vesting period. So the private sale Their vesting period starts on December 9th regardless So they don't have to the vesting period doesn't start after what based on this postponement So the vesting itself won't make any won't change based on what we're doing But we wanted to make sure that that when we did launch that there was no possibility of any kind of potential security breach or anything like that But the biggest issue has to do with performance in regards to speed There's a lot of work that's being done by the cardano team to get The infrastructure that supports d apps To operate a lot faster and that's where a lot of our Sort of work is going. It's where we're focusing a lot of our attention doing bug fixing working on cardano with the team To make sure that these this infrastructure can perform at a level that will be acceptable by the community Yeah, and that's a big thing. So okay So we're going to delay a little bit and I can hear everybody thoughts right now As they're screaming out there at their screen They're saying well, why don't you just give us our mel tokens on December 10th when everything stops And what's going on here? Are you going to do something malicious? So right is it a rug pull etc. Is it a rug pull? So tell tell us why this is a bad idea to distribute those tokens It's not a bad idea at all. It's not a bad idea in the slightest the issue is that if we provide tokens without any functionality Then that is considered a security in many countries And so we need to be able to deliver The automatic bridge the ability to do staking the ability to mint tokens these kinds of things all of this Functionality has to be in place Otherwise, we're exposing all of our potential customers people that are holding the token to risk in regards to security And so that's the driving force. It's a legal consideration. It's not because we can't do it Yeah, and that makes a lot of more sense because You know, there's this there's this entity. It's called the sec and for some reason They don't really like when Securities are being thrown around and they seem to want to get companies in To actually find a living tar out of them unless you can actually prove it's it's a utility So, okay, that makes a lot of sense. So this is not just the sec, right? This is also, you know finna and baffum and lots of other Securities in exchange or securities organizations in lots of other countries So this isn't specifically some sort of focus on the u.s. This is also many many other countries Because the vast majority of the people that have participated in our ispo and participated in the private sale are not Americans And so we have to make sure that we're acting responsibly and we're not going to expose our customers to any unnecessary regulatory problems See and there I go again always putting myself first Just thinking America only see this is one of my problems. It can't. Thanks. That makes a lot of sense So we're taking a look at that and then there's another issue that has that has come up and I think Me as a stake pull operator and I've heard some of the complaints from other stake pull operators like you know what I don't like the fact that And we'll just take a peek at it that meld has I mean not only do they Fill it up so fast But you got like you said 12 12 3 4 5 6 7 8 9 10 11 this one But let's say we'll just say round numbers we'll say 12 right you got 12 pools and a lot of them are are full So What's going to happen at the very end of this because once people say okay? Well, I have my I have my meld tokens on January 31st Does everybody just keep their aid of there because I think a lot of the a lot of the complaints are hey This isn't centralized you guys are almost like I mean take your pick. There's a lot of different stake pull operators that have like 10 Like finance. Yeah, etc. So what are we going to do here? Yeah, so so like we've always said We're going to shut down all of our stake pools except one That one meld one will stay open The the the commission on it will go back down to one or two percent So it'll be just like every other stake pool out there but as part of both sort of launching the protocol as well as Taking into consideration a lot of the the things that the ispo participants are asking us we get this question a lot Can we continue to stake here? Can we continue to stake here? And we would love to but we've already committed to not doing that So we're not going to do that and we are committed to decentralization Um, so as part of the actual protocol itself um, the protocol will be Utilizing a lot of stake pool Sort of resources and so we're putting together a consortium of stake pools that work with the meld protocol And these this consortium will be connected to the meld protocol and the protocol will then distribute Ada to all of these different state pools as part of the protocol As a way of generating yield So all of the stake pool operators will be operating on the same level with the same set of parameters So everybody will be fair and be equal and we'll be able to delegate to those state pool operators At the end of the ispo We'll be making creating a list of both stake pool operators and other ispo's that we think are Really really good projects To inform people about where they can send their ada once they've sort of left or been kicked out of the meld pools but as part of that we're also going to be introducing a novel nft solution And so this nft will be available to all of the people that have been part of the ispo And this nft will then help track Where and when anybody have sent their ada to another stake pool and it'll calculate that Based on The fact that you've sent your ada to a new stake pool this nft will then Make it possible for you to earn a higher yield When the meld staking pools open So this will give you the ability to earn more In the meld staking when you're taking the actual meld token So it's a kind of a way to say thank you And to kind of apologize for the fact that we're delayed by two months Put together In an nft because we think nfts are very interesting and this is a very kind of novel way of using them Awesome. Yeah, and I'll take that apology any day of the week. Thanks. Ken fantastic. So now everybody at home I just want to make just talk about lastly The reason why I Have ken on my show when I work with certain projects Is because I trust certain projects and like I've always talked about look for projects that of course one have real world utility They do what they say they're going to do and they actually have a good team when you invest in people things usually work out And here's living proof of that. So ken makes a lot of sense. I appreciate anything else before we take off Any other announcements that you can say legally? Um We have our our community groups. We have telegram and discord if anybody has any questions or comments or is upset or angry because of these delays or You know feels like they're not getting enough information. Uh, please reach out. We're happy to answer any questions We're trying to act as as responsibly as we possibly can and that means we have to respond to all of the criticism um So, please, uh, you know speak to us and you know air your grievances And we'll do our very best to explain and give you the the reasons why We've made the choices we've made. Uh, we'll be publishing a roadmap document tomorrow With a very very detailed technical explanation as to What's happening where things are going why the delay has happened What things are being fixed and what we expect to happen by january 31st Sounds good. All right then So I will put the link of the telegram and the discord group in the description below. You can check that out ken Appreciate your time. Thanks so much and now we'll always really talking to you rub Sounds good. Let's jump back. All right. See you. All right. So that's it So it's a little bit longer video today, but there's a lot of things to go over So if you found value in that video give it a thumbs up also consider subscribing And we do these every day a lot of things are going fast and furious, especially in the next two months It's going to be insane So uh, go ahead and subscribe. Uh, thanks so much for sticking with me. I appreciate it. See you on the next one