 Great, welcome to the last set of news to get top stories in crypto right amount of bite-sized pieces today Just the thumbnail the title suggests surprise Ethereum 2.0 or what used to be called the Ethereum 2.0 has been delayed and it's not a surprise here But it might be surprised a couple other people and what this actually means It's it's actually pretty good news for a couple different L ones such as polka dot and Luna and we'll talk about that So we'll take a look at what exactly went on Also, we'll take a look at what I call clown news as the dumbest money launder and existence And what he did with Bitcoin plus I need you to watch the narrative as it unfolds out of this particular story Also, we'll talk about some good stuff. Dallas Cowboys That's pretty good as they move into crypto And then now we're talking about the bad as far as NFT sales and get prepared now And then lastly we'll do five questions in five minutes And also we'll take a look at the second channel called Dan D gen where I go over some super risky things And we'll be talking about fame and I may token So before we get all that first of all if you're here for the live stream welcome make sure stop and buy appreciate Just so you know if you're here for the replay time stamps below Let's get around to what we want to do to save you time and news takes about 15 or 20 minutes Questions are five minutes. Let's get going. So first of all take a look at the market itself and see where exactly we're at and surprise There's a lot of sarcasm today, sorry, it's just that it's just not a surprise a market's down and we're down just a little bit and You can see that over 24 hours, you know 2.8 2.6 But again take a look at the seven day how much we're down over there And it just seems like we just keep slipping and slipping and slipping now the last 24 hours Looks like I mean the last hour we're up a little bit But if that will continue remains to be seen and we're just down across the board Let's see is any big losers out there that we could focus on not really it's pretty much across the board and Really what it comes down to is Correlation we've been talking about this for a while a lot of places been talking about it They just take a look at traditional stonks S&P 500 is down and of course the NASDAQ is down now yesterday had a rally and we had a rally today It's down and we are down so it's just amazing to me just actually not really amazing But that's just exactly what we have as far as the market So nobody surprises where it is now. Let's get in today's top story and talk about The ETH delay and really what it means moving forward getting into some other L1s and and the team up Between Luna and Dot so here's what we got This is this came out yesterday, and I think it's no surprise a lot of people if you're following me on Twitter or anybody on Twitter everybody talked about this and Some people were generally shocked and what what is shocking to me personally is how everybody or a lot of people We're saying how it was a foregone conclusion That this merger was going to happen in June and I was like no one said that That's just an estimate the Ethereum Foundation didn't say that so why do people keep saying that and just it drove me a little crazy But it is what it is and now it comes out and of course we're delayed again So if there was merged delayed despite successful shadow fork test, so that is actually positive and let's this is what's happened So there was a major test called the shadow fork very big success Ethereum developer Marius van der Wysgen nailed it tweet on April 11th the merge Will meld the proof of stake beacon chain with three main net replacing really what's gonna replace is gonna go from proof of work To proof of stake. It's all it is and they're gonna cut down their energy consumption like 99% great The most recent test processed main net transactions on a shadow fork That was the test which is a subset of proof-of-work nodes that have been merged with the beacon chain to process proof of stake transaction The tests mimicked the real merge with the nodes processing real Ethereum transactions from the blockchains minute And it looked like it went off without a hitch so it begs the question. What's going on? Why do you have to delay it and not like a week or two weeks, but it's gonna be Q3 Q4 that's exactly what's going on and then it talks about past delays and so on and so forth So really what it comes down to this? Don't listen to anybody On Twitter or YouTube. It's just a starting point. I hope everybody realized that it's just a starting point Do your own research the best place to do your research is just go to the source and the source is the Ethereum foundation If you go to a thing about org EN English my favorite language forward slash upgrades it lays it out right here very simply and I link this in the description so you can you don't have to remember that and Just so everybody knows the beacon chains live So that's already been processed the merge when we go from proof-of-work to proof-of-stake was estimated 2022 I don't think it's gonna they're gonna hit that honestly and then the the third part which is sharding It doesn't happen until 2023. I just want to remember this is that we're not complete Until 2023 and also there's a huge misconception about Ethereum is that people believe that this is going to reduce the fees It's not It's not gonna reduce the fees You're still gonna have some pretty high fees now how they deal with that in the future Remains to be seen. I'm sure there's a lot of smart people. So I'm sure they'll handle it But right now just so you know The ethereum 2.0, which is not even called ethereum 2.0. They they a annex that or stop that That's not gonna happen for a while. It's not gonna reduce the fees. That's what it is. Let me make something crystal clear I'm not an ethereum hater ethereum is my second largest bag It's just concerning to me that this is what's going on. This is why I talk about the diversification because Ethereum might make it. I don't know luna might make it some, you know Tomato coin might make I don't know There's a lot of different things out there that could potentially make it and that's why I like to just diversify a little bit because even kevin oliri With his billions of dollars or how much is worth and all the different people that he has working for him to do all The research and even ray dalio who does hundreds? I mean millions of dollars for the research Can't even tell you who the winners are So i'm not going to tell you I can because I can't but I can tell you that and even ray talked about this We talked about this yesterday. He goes the best way to protect yourself is the diversification Just watch watch yesterday's video. That's right from ray dalio one of the most successful investors of all time And and uh one of the the creator of the largest hedge fund in the world Just saying so that's what we have as far as that and then if you can if you further go down the rabbit hole And if you really want to click on the merge It says right here from the theorem foundation. When's it shipping? We don't know q3 q4 The is upgrade represents the official switch to proof of state consensus limits the need for energy intensive mining blah blah blah So they're like yeah, it could be q3 might be q4 Who knows we'll see what happens. So that is essentially what's going on with ethereum Don't get disheartened because I mean in all honesty Did it really affect the price that much ethereum went down two and a half percent? bitcoin had no news and it went to two point eight percent So I think it's not Awful or terrible, but it remains to be seen and what remains to be seen is how much Market they lose which leads me to my next point Akala anchor protocol team up to unite terra and polka dot ecosystems This was interesting and it's a thesis that Makes a lot of sense like if you can't deliver And things start to slide back you can you cannot rest on your laurels, right? You're only as good as the last game that you played Here is an example anchor protocol a savings and borrow protocol built on terra Entered a partnership with akala a defi network built on polka dot to increase liquidity And yield opportunities to both dot and terra defi ecosystems pretty interesting terra is being used at scale as collateral for the second largest crypto collateralized stablecoin est And I think as we all know the lfg wallet from terra or dokuan is buying up massive amounts of bitcoin To peg it to their stablecoin as the reserve as their reserve currency. So that's good for the whole space. That's really good akala recently announced a 250 million ecosystem fund that aims to accelerate the development of dapps That uses its stablecoin akala usd and polka dot The usd the a usd stablecoin lies at the heart of akala's defi offerings It can be minted using collateral tokens on the polka dot blockchain including dot gusama akala And karara and then be staked for yield itself. So that got me thinking. What is that? What is akala? This is the akala token and I link this also in the description so you can check it out This is the defi protocol built on polka dot Minimule minimal transaction fees known incentivization governance token The inflation was interesting zero percent inflation. I'll have to do a deep dive at some point But the supply at genesis being created from thin air Is is a billion tokens a billion as well. Here's a distribution looks pretty reasonable community goes to 50% That's pretty good backers 11 early backers and founding team And again, you can look at that In the description, but that got me also thinking How much in jeopardy is ethereum right now for losing or being flipped? That was the question and as far as like defi and dapps. So again If you look at defi lama link in the description, we can take a look at the total volume locked and I mean, let me blow this up a little bit. So ethereum's still the powerhouse at 117 billion Not bad It's lost 2 but over 10 month up 10 and the next closest one is luna Again at 26 billion. So it's a far cry From ethereum right now. Who knows what could happen, but what's interesting to me that if you take terra buy a smart chain avalanche and phantom Now we're talking about something 26 and 17 40 50 56 60 now you got about half Of what ethereum is and then if we take a look at Dot Look it up for the defi is almost nothing now. It's number 80 and it's only got a whopping four million, but Take a look at this It is up 1,285 in a month's time. So what does that mean? It means potentially It could be a growing threat and that's why I like to diversify and then lastly, I also like to take a look at the dapps Because I mean for defi you have that part now for dapps Who has the most if you go to dapp radar dot com. I don't know if I put this in the description. Sorry But you should go to dapp Radar dot com you can see that First of all, you can just break it down by volume Uniswap v3 has 1.89 billion in volume. That's amazing. I didn't think it'd be that high But okay, so that's you got eth and polygon and optimism. All right This was interesting neutrino protocol built on waves has an 870 million of volume By swap by an smart chain 550 million solo one-inch network that has ethereum Optimism by an smart chain and polygon pancake swap. So you see where I'm going as you go down farther Yeah, ethereum is sprinkled in there But you can see that as far as like dapps goes again ethereum is far and away the winner right now But you can see how there's other other things creeping in here phantom Binance smart chain avalanche chronos. It's an interesting position to be in and that's what's going on So again, I think ethereum is in a safe position right now, but who knows where we'll be In six months a year two years three years five years ten years. I can just tell you one thing I'll be here probably still investing and making these videos So that's what we got for today as far as that section. Let me know what you think about that in the comment section Let's move on to a little lighthearted news clown news and this is a God, this is dumbest the dumbest person that Is a money launderer? Clowns I tell you clowns. This is what it really comes down to so On this one and watch the narrative on this as we move forward New york man charge and cash to bitcoin money laundering plot. This was actually on march 24th Just kind of came across my screen. I thought it was hilarious A new york man was indicted for allegedly running a cash to bitcoin money laundering scheme before I go on I'm going to show you how to launder money This is this is how the guy does it. It's the wrong. It's like the most ridiculous way. We decide to do it But he openly bragged about it on social media telling clients he could help them stay completely off the radar Sure Genius thomas speaker spiker whatever converted more than and I want you to pay attention to these numbers 2.3 million into bitcoin and more than 380 thousand of bitcoin and dollars So not only was he an awful money launderer, but he didn't do much volume whatsoever That is nothing and he laundered criminal proceeds between january 2018 and august 2021 three years Why am I talking about this? First of all, it's funny But second of all, you're going to hear this narrative And and people who are in a position of regulation are going to use this stupid story to drive it down our throat About how crypto is used for illicit activities. I'll get to that in a sec The case file in state court in Manhattan shows us how new tech like crypto can become key drivers of a Wide range of criminal activity that can easily span across the globe And this was by attorney alvin brag Manhattan district speaker reportedly searched on google for bitcoin money laundering. That's how you do it right there Speaker used a rotating Rotating set of accomplices to open corrupt accounts with banks and crypto exchanges The alleged scheme helped at least seven clients watch out seven clients Hide the proceeds from a wide range of criminal activity, including drug trafficking according to brag District attorney said as alleged this sprawling Seven people sprawling web of international money laundering helped drug traffickers organize crime ring and scammers hide their criminal activity and transmit their proceeds Around the goal around the globe. So good for you cracking down on this mastermind that came out and did a lot of money laundering. So again watch the narrative, uh, it doesn't make much sense, but that's what it is and uh, that really Breaks it down for clown news. Let me just think about that in the comment section And uh, let's move on to our last couple of pieces the good news and the bad news Good news is Dallas cub was getting crypto and since i'm in texas i have to talk about this story And then also here's some bad news as far as nft holders. So here's what we got So first up Dallas cowboys america's team Getting into crypto here's what's happening. There's a partnership between blockchain.com and dallas cowboys announced yesterday At the nfl teams headquarters in frisco by jerry jones. First of all I always use blockchain.com as just on chain analysis, but apparently It's the it's the world's most popular way to buy, sell and trade crypto. That's what it says on the website So, you know, it's true sarcasm But uh, yeah, they did a little deal there This is the first national professional sports deal for the crypto company and will include branding advertising content and event opportunities It will not include the naming rights kind of like ftx And the cowboy setting will remain the atnt stadium for now Its stadium holds 80 000 people at capacity and they'll be adding a qr code on every single seat That will link to the cowboy's website and talk about blockchain.com's wallet So fans can learn more about crypto. So again Adoption is slow, but it is study and that's all we have and that's the good news now the bad news unfortunately Is stuff like this somebody bought jack dorsi's tweet as an nft and he paid 2 point cheese 2.9 million last year for that Not a smart investment play, but I could be wrong here And also if you haven't heard the news um Elon musk He bought nine percent Roughly of twitter stock And he was asked to be on the board, but he would have been limited to 14 percent For to purchase more stock. He denied that and then he's Really just sent a letter to them and wants to buy the entire company. That's how billionaires do it So there was a nice little transaction record Of text which I have over on twitter. So check it out It's a pretty funny thing that he said to the the head of Or the board on twitter and about how how he was going to take it over and that they must Accept his offer anyhow off topic, but uh, here's bad news for nft holders partially so Sina estabi purchased the nft for 2.1 2.9 million in march 21. Here's what he purchased He purchased this tweet jack dorsey's first tweet where he says just setting up my twitter On this 2006 so good for him. I don't think it's a great play, but whatever and I mean, it could have been He announced on twitter that he wished to sell the nft and pledge 50 of its proceeds Uh to charity honorable, you know The auction closed wednesday with just seven total offers ranging from point on on eith, which is 277 dollars 2.0019 eith, which is almost six That's sad man, uh 2.9 million down the tubes essentially That's what's going to happen and then there's some other stories about estabi, but I want to pile on to him So that's a that's a bad thing which Here's the thing you always have to prepare for things right as time goes on because you never know like there was an nft craze I'm sure a lot of you lost some money nfts even myself I bought some pretty stupid nfts Uh, but I didn't really go crazy because I talked about the floor price and I was like I'm not paying more than x amount for this This is stupid if it goes up great But I'm still in negative for most of my nfts unless you're a buoyed it board apiak club member or Crypto punks, so that's what's going on So you have to prepare yourself now because who knows what's gonna happen in the future I think we can all agree to that which leads me to my last points We talk about here That thing that's spinning above my head or just static actually I trust it's a Roth IRA So if the United States, this is how peer teal made five billion dollars tax-free He took his PayPal stock that he got in the late 90s or whenever it was And he put it into a Roth IRA and it wasn't worth anything Well, then then it grew to five billion dollars and he's going to pay no taxes So I trust capital is a crypto IRA. You can put a bunch of different things in there You can trade within the account and it's Capital gains tax-free Also, there's no more monthly fees. They waive those twin adels Monthly fees just use the link in the description Also on top of that if you don't know what to do with your money just sitting there on fire 8.5 inflation debatable Also, I use masterworks This is part of my some of my exit strategies and that's one of the pictures that I actually own I own a bank see and a basket and it's up 20 percent pretty good again This is one of those risk off assets so you can get collateralized shares Or fractionalized shares, excuse me of fine art pieces such as like a bank see or somebody else whatever else I don't nothing about art. These guys do and every single Fractionally I share that they send or that they sell to you It is a it is a security and they are registered with the sec So no worry about regulation because I already took care of that also in the description and finally If you're in the u.s. Again tax times coming up corporate trader dot tax time. I put everything in Shipped it out to my cpa to be 30 minutes easiest most stress-free thing I've ever done I mean this year thus far again links are in the description looks just like this and there is a explainer video which goes over all that stuff and lastly I did a deep dive I did this thing called fame MMA and It's on my second channel and I'll just say this There's already some people. I've already seen it because I've already put it out and It's a risky play. That's what Dan DJ and the second channel is all about Risky plays about what's going on, but I can tell you right now The hardest thing is marketing and these guys have the marketing. It's built on Binance Smart Chain They've already got a built-in user base of millions of people global and it's Going to do pretty well. I think just an opinion. So go ahead and check that out There's a link in the description at the very top And it looks something like this and that's it for today. So look 20 minutes hit the time frame If you like today's video thumbs up and subscribe all the good stuff If you can't stay for the Q&A, it's okay a lot of things going on But now let's go into the five questions in five minutes answer all your burning questions And go from Zah. Thanks everybody. So let's see That's right That's butter bean. So also On fame MMA. They actually they're getting all these ambassadors to come in and one of those is butter bean So if you like MMA like UFC stuff, you might want to take a look at this Yes, come on. You can ask your questions now. There's always a there's always a delay. Thank you for the reminder Ah When are you going to come to Puerto Rico? Well, it You got great golf up there Tell me work on my swing Here's a great question question number one and I trust are you allowed to delegate for proof of stake or provide liquidity yield form? Not right now. It was supposed to be out in q2 Which I guess we're still in q2 We'll see what happens, but they're almost sometimes that Proof of stake for a staking like you can stake a theorem You can stake polka dot card on all things that are in there and you could gain the yield on those They've been pushing that back too. So I'm not too happy about that aspect. I am happy about the other parts It's super simple to use but that's why I like so to answer your question. No, no But remember this Here's a big here's a big thing Whatever you put in there This is using let's just use bitcoin for example Bitcoin's at 44,000. Let's say you go you put it in there And maybe you were putting it on celsius. I mean not in the united states you can't do that anymore because you're not an Accredited investor, you know what I mean? So let's say you put it on some exchange or you do some d5 plays You get 20 per year. Wow. It's pretty good But you're paying taxes on that and then on top of that something goes wrong with a rug pole. Well, that's gone at least with with the eye trust They use Oh, yeah, they use curve and coinbase Coinbase custody services. So at least you know you're a little bit safe and uh, it's tax-free. So that's what I like about that one Going forward. So let's say bitcoin goes to 500,000 in 10 years Guess how much you're paying from 40 from the taxes from 44,000 to Half a million zero Second question Is there a set of processes for DCA into something and more importantly DCing out of something when the market is up I'm a little bit different because these to DCA into certain projects It starts to change because things move so fast and crypto Like I like to see growth and I like to see new things happening. So like in some of these projects Pick a project. I don't know. But okay. Here's my favorite example a dash of salt. Take a look at dash It went up Massively in in 2017 then in the big run up in 2021 It only it only hit like a third of what it used to be So that's very odd. And then of course, there's another one called salt that one massively ran up And then just flat in line because the sec came after him So things change for DCA. So I take a look at what the developments are and how things are progressing There's only going to be so many winners So I'm going to pick some some losers and I'm going to get out of those losers at some point because they're losers And go into other other parts. I can't tell you which ones are going to win That's why I diversified much like him and as far as like DCA out Some people tell you like well, you know, look at uh, look at the rsi Look at the trend line trend is your friend like Ben always talks about and you can do that me personally I don't really take anything out until I absolutely need it And those things come along very rarely and it's going to come along In May and June when I started to buy more properties. So I'll probably be taking out. It's a little bit of profits. I could do loans like I've done with other collateralized loans to buy properties but Uh, I don't know what's going to happen. I do see a recession on the horizon. That's me All right, I hope that answers your question. Zach, welcome to being a member. Thanks Rob, do you follow anything about the minotokan? I do not I'm very sorry Hmm Rob, let's talk about his favorite pumps and dumps. Well, let me tell you Go over there to Dan D gen and the last things I talked about was everdome. That's it pretty good Actually at launch. I think it was point zero zero one or point zero one I think it's about right five five cents or six cents and that's in this crappy market. Let's be honest Then I talk about world mobile token. That's doing pretty good And I talk about mel that's built on cardona. It's doing okay And I talk about avagacchi. They're going to launch their metaverse. They actually are launching metaverse. So As far as pumps and dumps Sure, uh, but also that's why I'm always talking about look at three things the utility What does this thing do? Is it something new or something that actually has function? Uh, look at the team. What have they done before and where are they going? They have the right developers. They're actually going to move things and the last thing is the tokenomics Are you going to get dumped on? Dumped on meaning like you get into a private sale and that's like 60 or 70 percent Of what's going on you can't get into that stupid what you want to look for is lockup periods That's what I talk about exclusively on every single thing that I review Also, I don't get paid a dime for those reviews, but I do invest in every single one of them because guess what? I got skin in the game Hope that answers your question Ah, okay, where are we? Jacob says we'll see 20 like it. Maybe you don't know. Ah, Adriana's got a pretty good point Uh, thanks for all the great content seems like price action predominantly moves with liquidations That's true. We got liquid a lot of liquidations longed a couple days ago Do you see the parabolic move coinciding with regulations? And you know that's intuition pledges you Adriane you're speaking my language. Yes, I do The regulation is a double-edged sword. Look what happened with Celsius So it really comes down to this. I think regulation is like a slice of it's it's like cake Really? You know, you go to us to go to the restaurant. You're like, that's like a slice of cake That'd be great after this big huge steak. I had great. Here's your cake It's good. It's filling everybody's happy, right? Now if three armed guards come in there like oh, you want some cake? Maybe start shoving cake down your throat and like here's a cake and take another cake And they shove another one on your throat and you got three cakes in your stomach That's not good. That's essentially what regulation is essentially a little regulation You go a heck of a long way when you overdo it. It screws up everything. That's what I see And again, I also wanted some clarity. What the heck is is crypto is it a security? I say this every day is crypto security Is it a commodity? Is it a currency or is it something in between? Give us some guidance so we can get the institutions in here and go on so forth Although somebody did make a good point. They said, you know, everybody's Everybody's pining for These institutions to come in and he goes, well, we guess what you've got it because they're all buying OTC And then they're selling on spot and they're playing that game around and around around And I think that could be the big manipulation, which I don't know why Gary doesn't go after that Gary Gensler, I know you watch this show. Hi, Gary And that's it Yeah Icing goes a long way too Let's see And then I think that's it And that last question one of the limit orders and I trust good question That's something I should bring up with those guys because that would be good I'd love to see them do limit orders because again, you can trade within your Roth IRA And it's tax-free as opposed to over here, you know, he makes some gains He makes some gains and you got to pay for that. So that's never good Giovanni, thanks save your money Put that into crypto Not financial advice And that's it Oh, Paul finally gets Off his and comes into the show. Hello, Paul. Thanks for stopping by. Appreciate it Samira, welcome to the club super sticker. Great Again, save your money And that's it And I'll deal with this. Hi, Gary. Hi, the ghost Gary Gensler, you know, you're you know, you can stop this Just give some little guidance. That's all you got to do. Yeah, that's it for today So look, thanks for stopping by. I do appreciate it again. Link in the description for fame in MA And I I talk about this. It's a risk. They're all risky plays on Dan D. Jen So look at two worked up very risky stuff. That's it for today. So thanks so much for stopping by. Appreciate it If you liked this video, give it a thumbs up. I'll consider subscribing, but that's it So I appreciate you and I'll see you on the next one. Adios