 Welcome to Digital Assets News to get top stories and cryptocurrency and digital assets and bring them down to bite-sized pieces today. We got a lot of information to go over and it is a smorgasbord of a variety of great topics. So first up, Ethereum whales still on the rise despite immense price dip. And when I start to look at the market, I want to know what smart money is doing and this is a fantastic indicator. Also looking towards the traditional market, UK Digital Bank Zigloo launches peer to peer payments for Bitcoin and Bitcoin Cash and if this doesn't make the traditional bank sit up and take notice, nothing will. Also Analyst Dave The Wave says Bitcoin facing one last test ahead of rise to 120,000. I'm not real big on Bitcoin predictions, but what he says in here really got me excited. And finally, I almost feel guilty talking about this subject, but Binance joins the DeFi craze, unveils new platform for yield farming. The reason I feel guilty is because people have been losing their shirts on DeFi and also making a lot of money for the ones who get it early. This one will probably be enormous and I'm very weary of the whole DeFi craze, but this is the news that's out there. So I leave it to you. Finally, we'll go over a cue of the day, which happens to be a topic which talks about death and digital assets. And we'll go over there at the very last part. But first, let's jump into the market. So today it is September 8th, it's around 1230, almost high noon Texas time, and looks like a little bit more of a red day and not surprising. So Bitcoin down 13% for the week, 0.5% in one day, but it's still above 10k, so I'm pretty happy. Ethereum dropped a little bit. I thought it would drop down to like the two nineties and here we are 341. Tether's tether, XRP is XRP. Shwoo, XRP down 23 cents. Watch out. Main link 1.6%, just around $12. So I'm pretty happy it didn't drop down to nine, which I thought it was going to do, but it didn't at all. Bitcoin cash in that sixth spot. Remember there is a potential that's going to happen. It's a Bitcoin fork that's going to happen on November 10th or 15th. We had Roger Vier on yesterday. He explained the whole thing. So check out that video. Polkadot down 2% to 435. Maybe you can go below four and we can pick up some peak Polkadot, huh? Binance coin, SV, don't know why it's there. Bitcoin and 10th spot, 0.5. So let's see what's up. Tron, congratulations. I'll try. I don't hold Tron, but if you do, congratulations, that is a tough hold. So good for you. What else we got? Monero up 1.8. Cosmo is 4%. Fantastic. 9% for UMA. I gotta tell you, I got that one wrong. That one seems to be the one that is just booing up and hopefully you can maintain that. 26% for the week though. Ouchie. Bind chain. Bind chain. 28%. As they're going to, what are you going to do? Ave. Someone told me how to say that, Ave, 4.3%. So that's not too bad and you're in finance, sticking around that 20,000 mark. So nothing too fantastic. Let's see what's going on with my favorite topic, Sushi, 255 down 10% for the day. I did not expect that to go up, but hey, it seems like I'm wrong on DeFi. I don't know what's going to happen with Sushi, but when you got the master chef who pretty much just does an exit scam and it still goes up, that's just a wackiness of crypto. Let's just break in a day's top story. So first up, Ethereum whales on the rise. I gotta tell you, I love these types of articles because it reaffirms what I believe and that is that Ethereum is going to be massive. It's a $10,000 coin. It just needs a little bit more time and a little bit more laying of the infrastructure and hopefully 2.0 can get here to reach that goal. And it's not just me looking at that. It's a bunch of whales. So what's going on here? A good statistics from Santamint, which is an on-chain social analytic cryptocurrency site for confirms that ETH whales are pumping of the crypto market like never before. The definite ETH prices have surprisingly not disrupted the number of whales that have now doubled over the last few days. If you don't know Santamint, you can sign up for like a premium account. I got a free account and they send you like some really good data, some analytics. And one of those talked about whales and this was the PDF that they sent out and it was fascinating because it was just like last week we did a whole video on this one. But just to give you the highlights, it talks about how whales dominate not just in the mining sector, but whales dominate for Bitcoin and altcoins together and they lay it all out as far as data and analytics. So 85% of the total supply of Bitcoin is found in addresses owning more than 10 Bitcoin, 113,500 at current prices. So I don't know if you're one of those whales, but congratulations to you if you are. 61% of Bitcoin's total supply is in the hands of Bitcoin millionaires, which is people who own 100 or more Bitcoin. Wow. And then top altcoins are no different, 80% of ETH is held by addresses with more than 1000 ETH in its possession. Chainlink is the worst one at 94, well almost the worst one, 94.6% held by addresses more than a 10,000 link and XRP is a number one spot, 95.4% held by addresses with more than 10 million XRP or 2.6 million at current prices. So if you're going to talk about whales and how your project is decentralized, think again, what else we got? So two more things. Bitcoin whale holdings have declined, which is a positive effect by a similar margin during this time of the time, about 2015, 2020 and supply owned by addresses with less than 10 Bitcoin has grown from 6% to 14% since August 2015. That's good news. And I've always thought that whales will come and go, but they will dissipate because whales will eventually have to sell and they'll go into hands like me and you. And we have strong hands and we will hold on to that until our price point gets actually taken. So that's why it's good that you're here on the channel and you're learning about just having a strong hand, holding it, being an investor, not a, you know, crazy trader with a hundred X leverage or something crazy like that. If you're into that, hey, cool, whatever. But I'm just telling you right now, I'm just an investor and maybe you are as well. And lastly, this is what all comes down to. They had a strategy that they try to do. And the strategy was based on whales and how they would try to defeat them. So their strategy was fetch all addresses holding a hundred plus Bitcoin, review their trend over the last 35 days. And then if there's an upward trend, you know, their accumulation, downward trend distribution, if the trend slope was greater than 0.5, they would buy or hold the trend slope was less than 0.5. They would sell or keep cash. And here was the outcome. So the whale strategy returned 46%. So all that data and all the analytics, that's what they got. But if they just held on to it and did absolutely nothing, they went up 61%. So again, you don't have to trade to make money. Let me say that again. You do not have to trade to make money. Just be an investor, sit back, throw away your ledger in a, you know, not only cold storage but in a safe and just don't touch it for a year or two. And guess what happens? Usually things do pretty well now, not in every year. But if you just wait a little bit longer, things will be good. That's what I'm trying to do. Seems to work out okay. All right. So that's what's going on with the other sense. This is what's going on with the current addition. So over 50 new whales have entered the market. 50. Currently there is no specific amount of the total number, which is increasing by the second. Approximately 70 new whales have been welcomed into the ETH market within a space of three days. These whales are known for holding and investing large amounts. All incoming whales are holding a thousand. It says here $1,000 to $10,000 to $3,000. I was like, wait, am I a whale? Ah man, this is awesome. I'm a whale. I didn't know it because it says $1,000, $10,000, I was like, oh, that doesn't make any sense. So if they look at the actual tweet, and it's not $1,000 to $10,000, they just got a little bit ahead of themselves. And it says roughly 68 new whales holding $1,000 to $10,000, Ethereum have joined the network. So not in dollar amount, but $1,000 Ethereum, that's a lot of, it's over $400,000. We'll say that. Well, actually, it's about $350,000 because it's $1,000, so off you go. The big thing is this. And this is what's important to look at. What is smart money doing? Because if you have, I don't know, $1,500,000 to just throw around, you're not going to just be stupid with your money. I mean, not every whale is a smart whale. I mean, let's be honest, there's always the idiot in the crowd. But if you've got a lot of people coming in there, a lot of smart money coming in, it's a good chance that you are in the right category and headed in the right direction. Potentially. Let me just think of the comment section. That's just how I see it. And lastly, it states most investors have repeatedly devised that a bear market is the best time to invest in crypto like Bitcoin and Ethereum, mainly because a bull run is always expected to proceed a bear market, although it sometimes takes longer than expected. So that's interesting. I mean, bear bull market, bear bull market. It's tough to look at the prices like right now and go, you know what, this is a fantastic time to get in because everything's down. But if you're new to this, this is how I see it. When I look at these red, I'm like, man, look at all these sales. This is crazy. Like, you know, chain link is down to 1%, polka dot 2%. That's insane. 13% down for Bitcoin. It's just like going to an auction or any kind of flea market. You're like, wow, it's so cheap. Why don't I just pick that up? Because it's still a good product. Nothing really changed. The fundamentals didn't change. Bitcoin didn't change. Bitcoin didn't get hacked. Ethereum didn't get hacked. XRP, chain link. I mean, they're all the same thing. They're all the same project. It's just that, you know, weak hands get a little bit shaky. So guess what? I'm going to pick those up. And that's the way to look at things. That's just how I see it. And lastly, it says, meanwhile, for the day-to-day trader, ETH's trading price isn't the most encouraging and profitable. So again, you do not have to be a trader. If you want to trade on the side, that's cool. I mean, go ahead and trade. Have fun. I mean, that's what a lot of people do. I just don't have time for that. And I just want to put my money in and then wait. And then that's it. I mean, it's the same thing I do with land. I purchase land. I don't really look at it. I don't look at it from day-to-day. I look at it at, you know, six months to two years out and just see what the price is. And when the price goes up, I'm like, hey, good deal. All I had to do was just sit on it and do nothing. That's it. So let me know what you think of the comment section. Let's move on. Next up, traditional market stuff. UK Digital Bank Zigloo launches peer-to-peer payments for Bitcoin and Bitcoin cash. So London-based Bank Zigloo, I think I said that right, said it has been licensed on an electronic money institution or EMI by the UK's Financial Conduct Authority. After receiving the permit, the FinTech started to immediately launch peer-to-peer payments for both crypto and fiat. The Digital Bank supports the British Pound and Bitcoin, Bitcoin Cash, Ethereum and Litecoin. I was looking, I was like, why is Litecoin supported? What is so great about Litecoin? And maybe I'm missing the boat on Litecoin. Tell me if I'm wrong because like Ethereum, the transaction fees are like outrageous. Bitcoin went and all went up the same type of thing. Bitcoin Cash is there. And you know, I had Roger on yesterday, he talks about how great it is, I don't know. And then Litecoin, maybe it's just because it's just so easy to use. The transaction fees aren't there, you can use them to have a privacy. So maybe, I don't know, maybe I'm missing the boat on this. I used to own Litecoin, I sold it before, but here we are. Anyhow, this means users of the Zigloo app can now make payments peer-to-peer over the network or to other banks within the UK using the supported coins. So if you want to have something that is like fast and easy and has low transaction fees, maybe Litecoin and Bitcoin Cash are one of those things you can actually use. This is launched in June, Zigloo raised $5 million in seed funding. Let me say that again. This was launched in June. What are we in September? Three months. Three months. And this is where they're at. The company says total digital assets are insured against cyber attacks up to the value of 50,000 pounds or $66,000 with commission fees of 1.25% on ultra activities. So that's pretty cool. Just like we have in the States, the FDIC Insurance is up to $250,000 in the banks. For here, for your digital assets, you're insured up to 50,000 pounds. That's fantastic. That's how it should be done. The commission fees, 1.25%, what are you going to do? I mean, there's a lot of different places where you can get it cheaper, but if you want to take a look at that, I have an exchange fees and wallet information spreadsheet. It goes everything from, I mean, Coinbase, I used to use a lot, I don't use it anymore. I use a bunch of Celsius and Voyager, but I also do a lot of things with Kraken and Gemini. And I go over all the different wallets that are out there, such as like Uphold and the ABRA app. I go over the SimpleSwap, Uniswap, Kraken, and just, you know, what I've gone through with them. And if I recommend or not, I do not recommend it or just letting you guys know right now. And then it just goes over the interest rates. If you're going to deposit, you know, Celsius has some great interest rates. So does Voyager and all the different fees that they have. So go ahead and check that out. Also on top, you want to sign up. There's affiliate links. You don't have to use them. You can go write the Voyager. You can go write the Gemini and just sign up. But if you use the links, it gives you between 10 and 25 bucks. So your choice. Anyhow, if you want to find that, it's in the description, every one of my videos. It looks just like this. So go ahead and check that out at your leisure. All right, let's break back in that story. Okay. Moving down to finish this up. The Ziglu app, user numbers currently range in the low thousands, but the CEO says I'm aiming for a hundred million customers over the next six or seven years. And I gotta tell you, I gotta tell you, I think that he is right on track. I mean, if you get a bank that gives you the option, which they all should do of fiat currency and also cryptocurrency, that's what the world's going to run on. So why wouldn't you do that? Here's a prime example. I was trying to pay my niece from my bank with Venmo and my bank, for some reason, stopped the transaction. They just refused it and Venmo froze my account for 72 hours. Well, my niece had to get paid. So what do I do? Go to exchange, pick up some XRP and I send it over and it's there like that. And then she can do whatever she wants with it. So in these situations, like this is fantastic. We can use fiat money. We can use cryptocurrency. It's at our disposal and whatever we want to use. And that's just the tip of the iceberg. So we don't remember back in July, the office of the OCC with Brian Brooks, he's the head of that department, who was also the head of the legal department for Coinbase. They gave the option or the ability for banks to custody cryptocurrency. This is actually a great article written by Alex Mascioli and he pretty much just said, look, the banks, they are going to have this option and they're not going to do it because they are not at the forefront of innovation because banks suck. Basically, that's what it came down to. I mean, the banks suck. That was my wording. But look, I mean, if you get something like this going on and the banks are like, hold on, wait, there's other bank and they're doing all the fiat that we do, but they're also doing cryptocurrencies, which is what we can actually do as far as custody go. And then people are flocking over there. Well, the free market is going to say, hey, like me and you will probably go to those types of banks. And as time moves on, people will go more to those banks. And I believe that banks look across the ponds or just across the street and go, you know what, they're doing something we're not doing. We should probably do that. And the reason why they're going to actually catch up to themselves is because no one wants to be a blockbuster. Nobody wants to be that old technology that's sitting at the end of the street that everybody is passing by in the ghost town as they all go to Netflix. Just my theory. Let me know what you think of the comments section. Let's move on. You know what, it's taken way longer than I thought. The last two articles where we talk about the track record about Bitcoin going to $120,000 from Dave the Wave and also the article about Binance Joins DeFi Craze. I'm going to do in a separate video and I'm going to do it as a live from here so we can all talk about it, especially this one. This one, again, I feel guilty for even talking about it, but it has to be talked about. So what we're going to do right now is we're going to jump into Q of the Day and then we'll finish up. Hello, everybody. Welcome back to the office for Q of the Day. So today's question comes to us from Randy and it's a pretty good question that I think everybody's going to have to deal with when we pass on how is this going to affect us as far as encrypted digital assets and how do we leave it to our family members? But before we get into that, just to make sure, I've got a couple of comments about my beautiful green screen that I have for my office. This is not a green screen, watch this, this is not a good thrower, but. All right, so I'm not a magician so not a green screen, this is actually my office. And people think, oh, it's so off so I'm going to have a pool and you're out. No, it's not. I'm going to tell you why. First of all, you have to do a lot of maintenance and second of all, it's hot. Cause I'm in El Paso, Texas and if you haven't realized that, some days it gets to be like 106, 110. So I'm out here in this area, non air conditioned. So don't think this is like the most fantastic setup of all time, it's not. Just that my wife kicks me out of the house and this is semi detached. She goes, go to the pool room and do your stuff. So that is what it all is. So don't think this is anything fantastic cause it's not. All right, so the question then is, this is from Randy. He says, I'd like to know how to ensure that my daughter has access to my digital assets should I get hit by a bus? Which you never know. I mean, that could happen tomorrow. I mean, hit by a bus, just keel over, heart attacks, anything that could happen, right? Who knows? Unlike a traditional bank account, I can't make her a beneficiary, which is true. How would I specify this in a will or a trust? Maybe you could do a segment on that topic. I think it's something we should all be thinking about. And these are things that we don't think about until a family member this actually happens too. I mean, if I pass away, then I have instructions from my wife and how she's going to get all the crypto crazy assets off of ledger. But in certain families, this might be more of an issue if you think about it. If you have a large family and you just kind of verbally tell your spouse like, hey, or one of your kids, hey, this is where all the money's at. Let me tell you, I've been involved in these situations where money makes families go crazy. So it's super important that you have some kind of written instruction before you pass away. Because if not, it all has to come down to the generosity of people. It usually, not all the time, but it usually kind of gets, it devolves into something very ugly. And I think we don't want that for any of our family members. So what we have done is we have created a trust and we can only do that with a lawyer. So usually what usually happens is go to a lawyer and then put out all the information that you want and have it specified line by line. So that is one way to do things. Another way is if it's just a very small family like Randy here just wants his daughter to have everything. So the best way that I said to him was, well, first of all, if you have an all ledger, you just put it in your instructions in your will that my daughter gets the ledger and she can open it up and you can even put instructions there or you can try to teach your daughter or your significant other, how to actually get those and transfer them into your accounts. Another thing is that if you have a Celsius wallet, they have a, they're going to be adding something into their actual wallet where you can put the information of a beneficiary, which is pretty great if you think about it. So all you would need is that letter or some type of will and a death certificate that states who gets what and it'll go to that person. I don't know those specific details, but thankfully Alex Machinsky, the CEO from Celsius will be on the show tomorrow to answer that question and a bunch of other ones that I have about Celsius. Some things that I've just seen that I've gone on or questions that you have sent to me. So these are just two things that I think will help, but the big thing is just make sure that when you're doing all these, this type of work, you specify who gets what. It's not like this goes to my family and then let them figure it out because I'm gonna tell you right now, it'll get ugly. So that is hopefully that answers Randy's question. Another thing is that I see with what's gonna happen in the future. This is like the same thing with the internet days. Nobody realized when the internet came about that we would need somebody to make a specific website for marketing or a specific website for sales or to have somebody who would do search engine optimization or would do Facebook ads or something like that. I mean, we just didn't know that when the internet came about. So I have gotten this question many a time. One is from Randy, one was from Droplet. I got this question twice before from two other people about what's gonna happen when I pass away and how does this go into my family because my lawyer has no idea what the hell I'm talking about. And my family, when I try to talk about cryptocurrency, it is calling me a kook because it's digital assets, right? So this is, I see it like this. I see this actually to be a service that could be done in the future by a group or by a person or by a group of people who would transition your digital assets from one person to another. It could go like that. Some people will say, well, that's not the whole point of cryptocurrencies because you are your own bank and you should have your access, your keys to everything that's out there, which is true. However, that is what you are doing. Your family right now, and correct me if I'm wrong, but I'm gonna guarantee that your entire family is not a hundred percent on board with digital assets and cryptocurrencies. They probably look at you like you're a kook sometimes or just kind of crazy. So if this is the case, I think maybe down the road, this could actually be a service like someone would go in there and be like, okay, I know how to work all these different wallets and all these different cold storage or hot storage or whatever else. Here's the paperwork that we need. Here's the forms that we have to have. Just something I see is maybe a potential thing in the future, I don't know. I'm gonna just end the comment section but hopefully that answers the question and let's jump back. All right, that's it. So I hope that answers the question. It's one of those topics that nobody wants to talk about but we have to talk about, you know, death and cryptocurrency, that's just how it is. Before we take off, I just wanted to ask for a favor. I don't usually ask for likes. I don't ask for subscribers. That's just not what I do. But I have another channel. It's called the Digital Asset News Clips. And just like today, how there was a lot of information, I just break it down by clips. Not everybody has the opportunity to listen for 30 minutes, 40 minutes to me ramble on about different topics. So I break it up into different sections. Not only that, is I wanna do this because you never know when YouTube's gonna pull the plug on your channel. This has happened to numerous cryptocurrency digital asset channels and it will continue to keep happening especially as time goes on. So I just need to make sure that there's a backup. So what I was gonna ask you to do in the description of every one of my videos, the second channel link is there. It's gonna look like this. If you'd be so kind, just head on over there and subscribe. All the different things that we talk about are going to be in clips there. And I'm also going to do one bonus clip for this channel, specifically for that channel. That will not be on the regular Digital Asset News. So just wanna have two, just as a backup. And I wanna make it easier for you because time is money. And like I said, not everybody's got all the time in the world to listen to me ramble. So maybe just wanna listen to just a specific clip and that's it. That's why I created that video and the channel to boot. All right, so thanks so much for sticking with me. Really appreciate it. If you like these types of videos, there's gonna be two months gonna pop up on your left and right, not sure what it is because YouTube controls all that. Just like they may have controlled the cruddy ad that you saw, which may have been a scam. I have no control over those just so you know. So if you wanna talk to YouTube about it, they'd love to hear from you. So check them out. Anyhow, that's it for today. Thanks so much. I really appreciate it and I'll see you on the next one.