 On the last that news my name is Rob and there are good news about we've got some pretty historical agreements And then also the markets are doing pretty good So what I'm talking about is that today it is February 7th. It's almost 3 p.m. Puerto Rico times that's 2 p.m. Eastern time and friend of the show Jerome Powell just came out and give a little press conference and After that 25 basis points hike, which we all saw coming the market did pretty good And then during the actual press conference Fed chair Jerome Powell reiterated that continued interest rate increases will be appropriate and that the Disinflationary process has begun. That's good. That means inflation is coming down That's what we want to see and hopefully they can make some changes not they're gonna pivot right away But that's good news and then lastly Powell explained that he wasn't too concerned with one potentially outlier month of Jobs data. We actually saw that the unemployment rate actually went down So that is a little bit concerning news But in all honesty the market Responded not too bad in last 24 hours. It's like there was a big dip or a huge increase We're pretty stable Which is quite interesting in the crypto market across the board you can just see over even like seven days 4.7% for Ethereum and looks like just a little bit of a pullback last five hours But last hour looking pretty good So who knows where this all lead to us, but I will say this These are the stories that I care about because this just means that our Section is recovering Gemini and Genesis reached a hundred million agreement Over the earned program if you've watched my channel for any time, you know, I'm very concerned about contagion Which was happening with FTX and would it bring down DCG and grayscale and Genesis has already affected and now here We are with Genesis and Gemini coming to a resolution. Here's what we got Cameron Winklevoss announced the agreement on Twitter. Of course, why not today at Gemini reaching an agreement with principle with Genesis Global capital LLC if you don't know global capital or Genesis is one of the four subsidiaries of digital currency group One of those being coin desk also foundry the largest Bitcoin mining operation on the planet And then of course, we've got Genesis and grayscale Which is the grayscale Bitcoin trust and I was concerned that these things would have contagion But I thought if they could just deal with this Maybe we'll have a clear landing So Gemini will contribute up to 100 million more for earn users the terms of the agreement with DCG includes the sale of Genesis global trading so one does bite the dust But not everything and I'll take a little bit of a of a cut in the arm then lose the whole body Further DCG will exchange 1.1 billion notes due in 2032 for convertible preferred stock and refinancing its existing 2023 term loans and two tranches made payable to creditors with an aggregate total value of approximately 500 million So look to me. This is a huge win. I thought this would spiral out and be something huge and it's not So I'm glad this is where it is. Let me think about that in the comment section and also I just got an email this morning Dear Robbie Voyager went into an agreement with Binance US. Yes, we know they did not too long ago January 10th or somewhere around there on January 10th voyager received bankruptcy court approval to solicit votes from creditors on the plan We believe Presents the fastest path to returning the largest portion of cryptocurrency to you Look, I can't sway you if there's a voting process or what it's gonna be but I'm gonna say right now I'm voting for this. I'm out. I'm tired of this stuff. I'm tired of this nonsense Let's just go and do this because we're still in a bear market Give me back my funds so I can reinvest in the smart ways not to deal with this nonsense You can do whatever you want to do. Let me tell you the way I'm voting. I'm out done so to gain access to your crypto distributions as Soon as they are made available start the process of connecting your existing Voyager account with a new Binance dot US account If you opt in your account data will transfer to Binance US prior to the closing of the proposed transaction That's good. If you want to opt in what if we want to opt out? Well, if you want to opt Or you could choose not to opt in And you're opting out your data will still be transferred to Binance after the closing of the proposed transaction So you're gonna have it either way, whichever way you want to do it It's going over to Binance US and of course there was a link here to opt in via the Voyager app Which I did not do yet And there's a reason for that. I'll show you that in a little second Which is this what have I live in Hawaii, New York, Texas or Vermont? So here's the thing with me I live in Puerto Rico Unfortunately, my driver's license is still in Texas and it's very hard to get them to recognize that I'm in Puerto Rico So I might be a little scrawled in this end, but here's what's gonna happen to me New York and Vermont Individuals also why? Binance US is actually working with applicable regulators to obtain money transmission licenses or exemptions Unless and until Binance US obtains the the requisite money transmission license or exemptions Customers in Hawaii, New York, Texas and Vermont will not receive their crypto want want But will instead receive their distribution in fiat Regardless of whether or not such customer opted in to transfer their account information to Binance US And again, they're going to be taking the actual amount that was on believe it was July 5th So it's not going to be like today. It's going to be back July 5th, 2022. Just so you know, I'll take it I'll take cash will take crypto doesn't matter. It's gonna go back into crypto anyhow And of course if you're have curiosity or need to talk to somebody which is fine as a reminder voyages the restructuring information line remains available And here's the number I linked that in the description. You can go give them a call tell them what you think And what happens is the plan is not approved because it's still in flux it looks like you know finance wants to do this voyager wants to do this but will the uh, will the uh The bankruptcy court allowed agreements not closed by April 18th 2023 Submit to a month one month extension the agreement allows voyager to immediately move to return value to customers It's important to note that customers will receive A meaningfully higher percentage of crypto With the plan then then would they lose the liquidation look for this one? Great. Glad they got it done. That's fantastic There's another one that's uh with top of this channel Celsius And uh, people said we don't we don't want to liquidate look on that one That plan's not common If they told me it's a liquid or not I would definitely liquidate and get that out of there because they still are stuck on this reorganization I could be wrong, but uh, I don't see that happening. Anyhow, I'm interested in thinking about that in the comment section and lastly more good news I like this stuff Is iTrust came out and they said look we don't have anything that is on the balance sheet versus off the balance sheet What do they mean? So Just because Of what happened with fdx everybody has to change their strategies And they stayed a regulated charter trust entity and all assets are off the balance sheet That is iTrust capital off balance client accounts are never co-mingled with our business operating funds Holding client assets off balance means that the assets are not Reflecting the company's financial statements and are not Used by the company to impact the company's financial ratios or leverage in other words client assets are client assets, so The reason why they do this is because fdx co-mingled the funds you guys lost a lot of money I didn't personally use fdx But it is what it is and i'm sorry that she she'd be lost it They took your funds and they bought their condos and bungalows for their friends and family and that's where it's at so sorry So at least with iTrust you don't have that issue and that'll leave me to my last point if you're looking at iTrust It is of course a crypto ira. There's a video. I did about a year ago. I should probably update that But uh, this is how peter teal Turned $2,000 and a five billion. I talked about how he used an ira how you can use an ira Not that you're gonna make five billion dollars. Come on. Let's be serious But tax incentive wise there's a link in the description looks just like this and you can check out The video itself and decided that's for you. There's no more monthly fees They make their fees through what exchanges should do while regular places should do Which is if you're going to trade anything within your Roth IRA account, which again is tax-free That's where they make their funds So that is it for today. So look if like today's video give it a thumbs up consider subscribing everything we talk about is time-sensitive But that is it for today. I appreciate you stopping by but that is all so I will see you guys on the next one