 Welcome to Digital Asset News, the top stories in cryptocurrency digital assets and breaking down to bite-sized pieces today. I just want to do a very quick video because it's Christmas. We need to give away two trade the chain memberships and one market rebellion membership. And also we're going to be doing a bonus giveaway at the very end. So I just want to make it, like I said, a very quick video and just talk about a couple of things that is going on in the market. Now the first thing we really need to talk about is the price action. And I found this remarkable that Bitcoin right now, it is gosh, 5pm on Christmas. It's almost, it's going to be 24,700. It might even hit 25,000 bytes tonight, not for sure, but it's up for almost 4% and for the week 8.3%. So when I take a look at Bitcoin and I think, man, these prices are so crazy. But what's even crazier is that for us to have hit 19,900 or whatever the all-time high was previously in 2017, the market cap had to hit $840 billion or somewhere around there. Right now we're sitting at $677 billion and Bitcoin is well ahead of that. What does that mean? That means that the dominance of Bitcoin is incredibly high. And actually you can see it right here, the dominance of Bitcoin is almost at 70%. So 70%, almost 70% of every dollar that is actually going into the crypto market is going into Bitcoin. The rest, I mean, a paltry 30% is going into the other thousands of projects and not to really make it seem quite substantial. But I mean, the next closest one is Ethereum and it's got a lot, 71 billion, that's pretty good. But then the next one is 20 and then it just drops off a cliff 14, 8, 5, 4, 3s and 2s and then 1s, then just into the hundreds of millions, which is a lot of money, let's be honest. But as far as an asset class, it's not that much. So when people talk about institutions are here and what are they really into and it's Bitcoin, it's Bitcoin right now and people say, yeah, but they're behind the scenes are buying, I'm like, I don't think they're buying that much up, honestly. I think for them to wrap their heads around it, this is pretty much as good as it's going to get for a while. And the rest of the altcoin season, there's going to be altcoin season, but it's not going to be institutional investors. I firmly believe it's just going to be retail investors for the majority and you're going to have some institutional players kind of dabbling in there that much. And you can just take a look at the market right here. Like I say, 67.6% is all Bitcoin and it is what it is. When I first got into crypto, I was kind of ticked off that they kept telling me that Bitcoin, Bitcoin, Bitcoin. And I'm not saying Bitcoin's going to be around for a thousand years. I'm just saying that for the near term, it's what everybody's going to be investing into. It's going to be what your mom and your grandparents and your siblings and everybody else can invest into because it's all they're going to know. So like I said, when I first got into it, I was kind of like, yeah, you know, it's so much money to put into Bitcoin. I didn't really like it. So I kind of just looked around for everything under the sun and I had a ton of different altcoins. And you know, Shemath Palliabataya, he even said, he goes, why even think about it? Just go for the easiest one and the one that has the dominance and just go that route. And that's true. I mean, again, in the near term, now in the midterm to long term, if you just take a look at the first mover advantage, as far as like a browser, right? Netscape Navigator back in the day was huge and no one knows what that is anymore. Yahoo as a search engine was enormous and no one knows anything. I mean, we use Yahoo here and there, but it's not like it was. So just realize that for the near term, you're going to hear a lot of Bitcoin and the other stuff, the other altcoins down there, that is a longer term play and it could play out massively. But the real question is, which ones are they? And I've already got my positions in a lot of different areas. I've got my positions right in a lot of different cryptos, but I've also got before that I'm putting in heavily right now every single day, which is the video we did yesterday. You can check that out later. But this is what's going on and it looks like Bitcoin is just dominating everything. Anyhow, Ethereum is Ethereum tethered and it cares. XRP is down massively. We're going to talk about that. That's the big two stories, really. Litecoin is up big again because of the whole PayPal thing. Bitcoin Cash, Bitcoin Cash is up pretty good. 7.1%, pretty good. 2% for Binance Coin, Bitcoin SV. And then some of the big winners, let me just go down here. Celsius is going to break in the top 20 and it's almost going to be $4. I remember us, we did a video about a month ago and I said, wow, Celsius is going to hit up to over $2. It's going to be fantastic. And here we are. We almost almost doubled that. And since the very beginning, I mean, it's been growing leaps and bounds. It's just enormous. So congratulations, Celsius holders. I am one of them. So just so you know, I'm pretty biased. CDI, sure. Crypto.com, not a little bit, but whatever. Dang, 12% for the week. What the heck is going on? I'm sure it's some kind of controversy. Crypto.com is always something about, you know, the staking and the rewards and I still get into it. Theta is up huge. 60% for the week, 8%. And again, I remember reporting on like, hey, it's almost 60 cents. Now here we are at a buck 29. So again, Theta Network, again, biased me. And then that's what's going on. So let's, let's just do a couple of quick stories. And then let's talk about, to give away some free stuff, huh? Okay, first up, XRP source 50%, what's behind the recovery, but on top of that, breaking, BitStamp became his first major exchange to halt trading due to SEC lawsuit. And of course, all the gains that were made just got wiped away. So, and you'll notice that this is Friday, December 25th, 618. And the next one is Friday, 1225, 1629. So in the course of what, 12 hours or so, didn't really work out so hot. So this is what's going on. On December 24th, XRP sort 49% in just a couple of hours, peaking at almost 38 cents. That's pretty good on the BitStamp. It's funny on the BitStamp exchange, which is the one that halted trading just a couple hours later. That's great. And this was, I don't care about the rest of it. This is what I care about. Clayton gets replaced by a pro crypto chairman. We had talked about this, I actually had done a video like an hour after, after commissioner Pierce, she put out a tweet said, Hey, congratulations to new chairman Royce, I mean, Royce, man, I'm really excited to, you know, have you as the chairman, whatever she said. And we knew that Clayton was out. No one is a no one's a fan of him. He's not a fan of us. So great, good riddance. But people were ecstatic about this guy, he loved Royce, man, because he's he's a pro crypto guy, just like Hester Pierce. So those are two, two people in power in the SEC. That's great news. However, this is the interesting part. Despite the outpouring of hate towards Clayton, lawyer Jake Trevinsky, if you don't know him, he's on Twitter, definitely follow that guy. He's the one that's been breaking down this whole SEC type of thing. And he's, he's fantastic. Twitter feeds great. He notes that he wasn't even mentioned in the complaint. Let me read this again. Despite the outpouring of hate towards Clayton, this guy, the chairman, he wasn't even mentioned in the complaint. Hence, Trevinsky believes that the leadership changes are extremely unlikely to turn things around for Ripple. He states, it's unlikely that changes in SEC leadership will have any impact on the Ripple case. Given Commissioner Pierce's conspicuous silence, I guess the vote was unanimous in favor of filing. I have to remember this whole thing with the SEC, it's not just about XRP being considered a security. That's a big part of it. The other part is about how XRP went about marketing to the consumer as to who they wanted to buy. They didn't go to the institutional investors. They didn't do for the accredited investors. They pretty much just stuck it and said, retail, this is, this is what it is. And that's fine. I'm not here to debate it. I don't really care because I am one of those retail investors. The SEC has a big problem with that. And we're going to see a lot of different things come out. And there's already a ton of things that it's already been out there. So again, this is going to take years to solve, unless this guy, Eli, comes along and says, hey, you know, let's, let's drop it. But that's extremely unlikely. Once, once the wheels are in motion, it's hard to stop with the justice. And that's just how it works. So that's good news. And then of course, we got this not too long ago. Bitstamp becomes the first major exchange to halt XRP trading due to SEC lawsuit. And I was, I was going along the Twitters and checking out the Twitter feeds about everybody. And some people are delusional. I mean, that's just, I'll just say it like that. Some people will say, this is great news because the next repeat can move to the exchange. I'm like, what are you talking about? And then, and then some people will say, well, they're just halting it. So they're not delisting it. I'm like, well, I mean, there is a difference. I mean, we know there's a difference, but the results the same, the price is going to drop. And that's exactly what's going on here. So starting from January 8th, 2021, if you understand, you can still do it right now, but starting January 8th, US customers will no longer be able to deposit or trade XRP. And this is what Bitstamp states. They go and lie the recent SEC filing against Ripple Labs, which alleges that XRP is a security. We're going to halt all trading and deposits of XRP for our US customers on January 8th, 2021. We will closely follow the unfolding situation. So that's what they're going to do. But this just comes back to something that Brad Garlinghouse said. He said that 95% of all the trading and transactions and what Ripple and XRP are doing is outside the United States. So with Bitstamp doing this, it only affects US customers. This is going to be interesting to see what exactly happens with the rest of the world. Because if we're only 5%, if US is only 5%, this shouldn't make that much of a dent once people realize, hey, it's okay because the rest of the world is benefiting from XRP. And I'm wondering if the southeastern Asian markets will actually pick at the pace and start to do more things with it, especially with SBI trialing XRP. And so this is going to be a fantastic reveal to see if that is what happens. If it goes away, hey, you know who cares? And then hopefully the price will go up. But as of right now, I mean the price just on the news and hasn't even started. What the heck is first blood? We're down 6.5%. I mean, we're at almost 40 cents. Now we're at 31 and dropping. So we'll see. So that's the big news. So that's a bummer of a deal. But again, we'll see what happens. I think if you're into XRP and you believe in it, this nothing affects you. And that's fine. Let's see what happens. But if you're kind of like, well, maybe this could be something, then to me, I honestly think it's a problem when you have constant negative sentiment on your business over a prolonged period of time. And a court case can do that. I don't care how great the product is. And that's just the truth because I've been a part of that. All right. So let me understand the comment section. Let's give away some free stuff. Well, so first up, we've got two trade the chain memberships. First of all, what the heck's trade the chain? Trade the chain is great because you've got TA technical analysis. You got FA fundamental analysis. And this is what I call sentiment analysis. That's what they call it. And it makes a lot of sense sentiment analysis, we can see right here, the stories that we just covered. News drives this market. You have negative news and it pumps this in kind of cryptocurrency in a negative fashion. If you have any kind of mergers and acquisitions, something positive, some kind of listing, the price goes to the moon. So what the great thing about trade the chain is that they realize that like, okay, what we're going to do is we're going to crawl the entire internet. We're going to crawl, we're going to crawl these blogs. We're going to put down the sentiment analysis. We're going to be one of four cryptocurrency companies to have a direct API link into Twitter. And we're going to disseminate all this information and tell you exactly what could potentially happen. And when you want to do a lot of trade, so this was one, they just picked up December 19th, and I was a listing for graph. I had never heard of it. And what's cool is that this alert came right to my phone. And I could say, wow, look at that. There's this thing called graph. I don't know what the heck that is, but it's being listed. Looks like a good thing. It was the alert was given to summer 18th at 519 in the morning. And in three hours, it went from 18 cents to 56 cents, to an 11% increase. If that sounds like something you think would actually help you, then all's I want you to do is in the comment section below, just put in trade the chain. And that's it. And then I'll have the guys over the chain draw two winners and they'll have a membership. Now, on the flip side of that, you got technical analysis. And that's what market rebellion is all about. This is from the Nigerian brothers. They've been doing a lot of options trading. You've seen them on MSNBC and CNBC. And these guys have now put together a crypto TA analysis education platform. And they're going to give away one, three membership for an entire year. So it's pretty cool. You get trade ideas, some charts, member forum, weekly of webinars, crypto education. And that's pretty cool. And then a lot of things for like interaction and just teach you the basics of all the different trading, which I actually am a member of. And I've been learning a little bit here and there. So who knows, I might actually become a trader. I'm just kidding. I probably won't. But it is interesting. But for people who are like really want to do the trading, this is probably a great thing. So for you, all's I want you to do is put in the comments below market rebellion. And the guys over micro volume will pick one winner. Here's what I recommend. If you like both of those things, put in trade the chain and market rebellion in the comments. And then we'll have the guys maybe pick you and you get two for one. Just all depends. And then also if some of you have trade the chain, some of you have market rebellion. So for those, I'm going to say, just do this, I want you to just type in the comment box, shield folio, and we're going to pick a winner for the shield, the shield folio stone book. I like this thing. Like I always talk about last pretty long time, tear resistant, soil resistant, water resistant. And I like it because it keeps all my seed phrases in one place. Then you do this, James Bond, cool stuff. That's neat. I haven't done that yet, but it looks neat. Username is a passwords. I have it all in one place. And I've got like, I got to tell you, I got like 20 different seed phrases from all the different things that I have. And I like because it's all in one place. I will remind you I lost 20,000 ADA because I had a bunch of slips of paper everywhere for all my different wallets. And I don't know where the heck happened to it. But I had the shield folio still with the 20,000 cardana, which if you've seen my prediction, I think Cardano is going to at least $2 in the next bull run. So yeah, I still lost 40 grand, but what are you going to do? I mean, you live and learn. So anyhow, if you like something like that, just type in their shield folio. And actually I'll have Freddie. He's the CEO. I'll have him draw the winner for tomorrow. And that is it. So if you like all this stuff, go ahead and you know, draw it. And if you would like, if you don't win for some reason, you know, the Columbia so many winners, just look in the description of all my videos. And there's discounts and there's links to the official websites and go ahead and check it out. So so that is it. So I want to make this easy peasy and very short video, one of the long I'm sorry, Christmas. And that is it for today. So I appreciate you sticking with me to the very end. And I will see you on the next one.