 Welcome to Gelasset News to get top stories in cryptocurrency and gelassets and break it down to bite-sized pieces. Today, we've got some pretty good stories about mass adoption and banks actually catching up and getting into the cryptocurrency pitch. So, first up, DeFi Exchange 1-inch expands to Binance Smart Chain, citing ETH gas fees. And this goes in direct correlation with what we talked about yesterday when we talked about how I am stopping the DC-ang of Ethereum and going all in on Cardano. On top of that, we're going to take a look at one of the largest banks in Switzerland is rolling out crypto trading services, as well as a large Germany bank Solaris Bank is launching licensed crypto brokerage. So, again, this is kind of makes me flabbergasted to see that banks getting so much into cryptocurrency and digital assets, but hey, here they are. So, we'll go over those two things, but first take a look at what's going on the market. So, today it is February 26th, 8.30 in the morning, getting things done early. Let's see what we got as far as the market. So, Bitcoin continues to drop a little bit over the last 24 hours looking at 9% loss and we're looking at 46,488. Again, hopefully we can close at 45 or above, but I've got a bad feeling that maybe we will go down. And again, if I was a big trader, I'd be worried, but I'm not. I'm just an investor. So, if it goes up, it goes down. I still believe that Bitcoin hits 150K this year. That's why I'm at our time. Ethereum also continues to slide 7% down, 15.08. Cardano is up and it's one of the few that are actually up at 5%. And this is something that really goes with what we talked about yesterday as far as Cardano and the hard fork where they are getting into the Gogan era, Mary and getting into NFTs, decentralized finance and all those great things. There's a great video we did yesterday on top of Satoshi's video, which I'll link at the very end as well. And this is, again, what I was talking about before. So I think it's going to be a pretty great year for Cardano. And this is just the information we have right now. I'll get to that more about that in a second. So we've got those three things going on. Binance point is still slipping, which is kind of surprising, but in over one hour like 0.79, but still it's at down 12%. But it had a massive run. You have to remember that it was at 226. I think it almost, it was above 280 at one point. And we just a couple of weeks ago, I believe it was below 100. So I mean, it rocketed all the way that fourth position. It overtook XRP. It overtook Tether, overtook Polkadot, overtook everything. And now it's sitting pretty firmly where it's at right now. Polkadot's up a little bit. Sure, XRP. Watch out, down a little bit. But again, everything is down. What is this one? Dogecoin. Dogecoin, some people have still talked to me and said, oh, it's going to a dollar. I'm just going to here to tell you it's not. So what else we got? Nothing really, nothing really. Let's take a look at the sentiment. Actually, now let's keep going. Let's keep going down. We never go down. People complain, you never go down far enough. Okay, sure. Voyager token, one of my faves, down to 3%. But still, it's above $6. It topped out at $7. I'm still pretty happy with that. Yarn finance, sure. 1.3, anything really, and that. Matic, again, Layer 2 solution, sure. Dara Hashgraph. Yeah, I guess. Honestly, it's not really interesting to me. Let's take a look at this projected range. Let's see what's going to happen in the next hour. So this is what I like about trade the chain, sentiment analysis. So, ooh, Ion, Aon. It could go up 15% in the next hour. And it looks like it's going to go up 7% in the next hour based on their 90% accuracy. So maybe you want to take a look at that. I'm not a trader. I do a little bit. Actually, I might take a look at this. Reserve right, we've covered that before. I made a little money on that as far as trading. So yeah, dent, man, dent. 11% in the next hour. Definitely take a look at that. 12% for Matic. This is the great thing about trade the chain. If you want to take a look at it, it's in the description, but let's jump into today's top story before I lose my mind of all the different increases that could potentially happen, shall we? All right, so this story caught my eye because, again, it goes into, it's a correlation what we talked about yesterday as far as Ethereum versus Cardano. Again, I will continue to hold both. I don't know which one's gonna be awesome and which one's gonna be super awesome, but who knows, but I will hedge my bet and have both of those, but I will not be down the cost averaging any more Ethereum for a bit. I'll just be putting a lot more into Cardano. So this is what's happening. This is very short and sweet. One inch is a decentralized finance or a DeFi protocol for routing trades is now live on the Binance Marching. So just like with Uniswap, which uses only Ethereum tokens, gas and all that stuff, which is super expensive. Now I can't even use it. It just becomes unusable. Now one inch got the hint and like, you know what, we're out, we're not gonna use so much. I mean, we're still gonna use it, but we wanna be hooked up to that Binance Smart Chain because the fees are so much less and that's what people want. So it's a very simple thing, right? You have customers. They want something and you give them that something. It's very simple and I don't know why it's so hard, but this is exactly what one inch has done and bravo to them. It's hedging its bets on Ethereum's ability to handle more transaction volume, that's true. Now for all the Ethereum lovers, I love Ethereum too, but you have to take a look at what's going on today and be like, well, maybe in six months or a year it might be better or maybe three, I don't know, maybe two months. I have no idea, but right now this is what we got. So why would you do it? If you have, like I said yesterday, you got a dentist down the street who's charging half or you got a dentist 30 miles away who's doubling up on the cost of a tooth extraction, which one would you go to? Guess, I'll go with that one. Anyhow, the one inch token on Binance Smart Chain will be used for a bridge between the Binance and Ethereum networks. Great, so you can have the one inch token, you can bridge between the two. One inch users will get access to pancake swap, burger swaps, street swap, Venus stable swap, jewel swap, bakery swap, and other Binance Dexes and lending protocols. So if you're into that type of thing, great. My big thing is just to try to find Celsius. I try to find it to where it's not so damn expensive. So maybe I'll check this out, especially with one inch because I can't get Binance coin. I'm in Texas, so I can't use Binance or Binance US. So kind of screwed there, but what are you gonna do? And this just is correlation we talked about yesterday, you know, Binance, Cardano came out and with that hard fork and Mary, and not only did they say it's gonna be done at the end of February, they came out and said, okay, nope, we're gonna do a hard timeframe of March 1st, and it's actually gonna happen. And that makes me happy as an investor because they say they're gonna do something and they do it. So we'll see if it comes to the past, but like I said, they've been hitting all their milestones so far. So I'm very happy with what's going on there. And especially with DeFi and NFTs and smart contracts and then people being actually built on it as far as DApps. And then my man has showed you talking about he's a developer and he says, hey, it's easy, especially with this Haskell language and then all the different things they're doing. It seems to be pretty well and they're supposed to keep their prices low because that's what Cardano was built for, right? First generation blockchain, Bitcoin, second generation, Ethereum, third generation Cardano. This is what it's built for. So we'll see if it all comes to fruition. And again, I will just say this, this is just the information that I have right now. I don't know what's gonna happen in six months from now. I don't even know what's gonna happen tomorrow. Not Nostradamus. I'm definitely not a financial advisor. So if I get information tomorrow that Ethereum has been accepted by the US government and they're going to use that for their currency and they're gonna have all the developers come on. Oh, and the fees went down to almost nothing. Yeah, I will probably buy a little bit more Ethereum. Hopefully I get that information before it breaks, but probably not. So I'm just going with the information I have right now. And the information I have right now is that Ethereum is slow. Ethereum is expensive. There's a lot of people building on it and it's super congested. And then that's what we're at right now. I'm not gonna sell any Ethereum. I just sold Ethereum a little bit ago, not because I was worried about the price dropping but because I had a plan in place and exit strategy. And as soon as I hit 2000, I sold a position and it just kind of worked out that that was the top. I honestly, it's just luck. It's not like, oh, you know, I made this fantastic play. No, it was set in stone months ago and that just kind of worked out. Again, if I hear other information, I will definitely let you know and that's why hopefully you can subscribe because a lot of things we talk about are time sensitive. So just think about that. All right, so that's it for that piece. Let's get on to the banks stuff, huh? All right, so the banks, the banks, there's two banks, one in Switzerland, one in Germany and they're starting to get into crypto. What's going on? So this first one, it's called Border and CSCMA. One of Switzerland's oldest bank institution now provides crypto trading services. That's the whole story. Really, that's it. We're going a little bit depth, but just know that banks aren't known for much innovation as you can probably tell and just go with any bank, even mine. But when they get into something like this, this is big and they've actually moved quite fast. And there was an article rolled out by Alex Mascioli and this was a months ago when Brian Brooks, the OCC had said that banks would be allowed to custody. And he's like, they're not going to jump into that. And they didn't for a while, but I mean, here we are. So Bordier, Bordier, Bordier says it's partnering with Cygnum Bank to incorporate its B2B, business to business banking platform into the firm's infrastructure. This allows Bordier clients to buy, hold and trade crypto assets on an execution only basis, which means that Cygnum will only provide a platform for trading and storing crypto and will not offer financial advice to clients. That's great, because they give bad advice anyhow. I mean, if you look at JP Morgan, they just came out and said, hey, maybe you guys should put in 1% into your portfolio. And you're like, geez, thanks. Wish that would have, you would have told us to that about that, I don't know, three years ago. Anyhow, so Bordier, this was interesting. Bordier currently supports Bitcoin, Ethereum and Bitcoin Cash and Tezos, which when I was reading this, I thought it was just gonna be Bitcoin, Bitcoin Cash, Ethereum and Litecoin, just the same as PayPal. But the last one for Litecoin was switched with Tezos. And I'm wondering, is it because of the smart contract functionality or why did they pick that one? That would be an interesting topic to talk about. Maybe I'll get somebody from the bank to come on the show, I doubt it. And to finish up, it says we have seen increasing demand from our clients to diversify. Oh, sorry, this is why this is done. This wasn't done because they're like, this is a good idea. This just goes back to what I was talking about. You have clients and these clients want something and you give them that thing. It's a simple, like I said, very simple thing. This is what the bank did. It said, hey, you guys want crypto? We'll make it happen and they have crypto. And that's pretty much the whole statement right there. So on top of this one, you also have Germany's Solaris Bank launches licensed crypto brokerage. Now this to me is a better business model. It's just a better business model for retail and even institutions as well. So German Fintac firm Solaris Bank is building on its regulated crypto custody service with a brokerage and trading API. See, they've already moved into the custody service, which is great for them. And they knew if we can get into custody and we can figure out the regulations for that, we can roll out some other type of product by trading and selling or just like a broker model, like what Voyager has or like what Swissborg has. And let me tell you, Voyager is doing pretty good and Swissborg is doing really good. I am going to have Alex, CEO of Swissborg on next week. And I'm gonna talk to him about this whole broker model and how it's working out pretty great in Europe. And I was actually thinking about this today. I was thinking out loud. I thought, you know what? You know, 2017 was like the year of the ICO, tons of ICOs, right? And then 2018 was just a huge dip and 2019 was the year of the reset and 2020 was like the whole halving thing. I'm starting to think that 2021, which was supposed to be the year of DeFi. And I think it still is really. It could be the year of the DeFi, NFG and utility tokens or brokerage tokens because you see things like Binance Coin going crazy, OKB, Kuobe token, Voyager token, Swissborg is making moves. And now we have another broker who's coming in late. Now granted, they may or may not be a token but I just thought to myself, I'm like, you know, the big winners right now really like the tokens that actually do stuff like a utility token, just food for thought. Anyhow, Solaris Bank, which provides Samsung among other companies with a range of APIs for digital banking and payments announced Thursday it will offer Fiat to crypto trading and instant settlement from within its custody solution. So these guys already know what's going on. They already have Samsung and a ton of other companies as far as API integrations are like, let's just do crypto and show them if they are. And then lastly, the state's custody is the first step into crypto for large regulatory firms which has been happening recently with the likes of BNY Mellon and Standard Charter making announcements. And this last comment is a couple of things, maybe think because you know, you have BNY Mellon which is the oldest bank in America, they said, you know what? We're going to start with custody. We can custody crypto, no big deal. And for a lot of people, some people say, oh, you shouldn't custody of the banks custody because they're evil and blah, blah, blah. Well, look, not everybody's like us, right? Numbers like me, numbers like you, and they want to go and figure out a ledger or a taser and sit down and, you know, hopefully write down a mnemonic phrase and not lose it and then deal with, you know, the five kids and the two jobs and the social life and everything else like, you know what, I don't care. Somebody do this for me and let me get into the game. Great, have BNY Mellon do it or other banks do it. I'm okay with that, it's fine. But if you look at what this article is talking about, I said, look, BNY Mellon's getting into it, the German bank, Swiss bank. I think as we start to see more banks just put their toes in the water and they say, hey, let's do a little custody, not let's do a little trading, let's do a little brokerage. And before you know it, the banks which I thought were going to get blockbustered come around, they got a whole new bag, they got a whole new repertoire of what they could actually do and it just makes sense for them because look, we're moving this way unless they like it or not, these are the things that are gonna move everything forward. And if you're not involved right now, I think it's a mistake. So you watching this video right now, you are super early. And I've always said this, people say, oh, I'm late, you're not late. Go on the street and talk to anybody. Do you know what Bitcoin is? Yeah, some will probably say yes. Do you know what Ethereum is? Do you know what Cardano is? Do you know what XRP is? Do you know what tomato coin is? I have no idea what you're talking about especially tomato coin. So like to talk about this and these banks just getting in here, you are super early. Can you imagine what's gonna be like in five years? I don't know either. Anyhow, that's it for today. So, hey, if you made it all the way to the end, thanks for watching, I appreciate it. If you liked the video, give it a thumbs up. Also, thanks for talking about our time sensitive. So hit the subscribe button, I'll let you know what's going on. And also I'll link two more videos on the left and right so you can watch something that you might be interested in. All right, that's it for today. Thanks so much. See you on the next one.