 Open digital asset news to get top stories in crypto current digital assets and bring it on a bite-sized pieces today We've got spent more fantastic news. You can't get better than this if you are an XRP army member US court dismisses claims against XRP also Bitcoin drops by 7% in the hour after breaking $12,000 like I tell you I'm not a TA person, but I can see this comment on top of the $12,000 bump for Bitcoin There was exchange outages during Bitcoin crashes. How amazing is that? It's like that's never happened before Also Zeus capital doubles down on chain link pump and dump claims and a fellow youtuber is struck down in in their prime I'll be going over that in detail. But first take a look at the market so it is August 2nd it is around noon high noon Texas time and Yeah, Bitcoin took a little bit of a slide a little bit of a correction Look, you can't keep going up forever, even though we'd all love that to happen But Bitcoin's down three and a half percent, but for the whole week 16.1% and that my friends is awesome Ethereum 3.6% almost hitting that $400 point. It actually did touch. I think it went to like 411 So I'm pretty happy with that and the big gainer of the day XRP 3.4% almost hitting 30 cents and maybe just maybe that court case had something to do with it So tether watch out not as getting tether's tether Bitcoin cash Cardano down But it is in the sixth spot. So that is interesting Bitcoin SV some reason the top 10 don't understand why Down 7% Bitcoin cash down 7.5% so sure chain link up 9% for the week 835 almost gonna hit it's all-time high so that tell you something crypto.com doing pretty well and Well, not really down 2% or 6% But everything else is pretty much the same either a little red or a little green mostly red though Not so fantastic, but hey look that is cryptocurrency and I gotta tell you It feels good just to have done the plan and the plan for me was just to dollar-cost average When all the markets were really bad and they were just dropping like a stone. I did not care I just kept doing the plan if if that's you let me know in the comment section And if you stumbled still let me know like to hear what's going on anyhow Let's break in the top story. So first up. This is huge. This is huge This is this is one of two things that needs to happen for Ripple and XRP And that's the first thing is the US court needs to dismiss this case Which they did today the second thing is for the government to come out and say also that this that XRP is not a Security and is just currency like it should be so what's going on. Let's take a look so If you didn't know there was investors that came forward. They had invested like a long time ago I can't remember 2014 2015 so many correct me in the comment section But it was a while ago and they said that hey XRP is a scam or not a scam It was a security and they were not informed of that and they sued Brad Garlinghouse and Ripple themselves And this took a long time to come out of pipe, but it was weird because they put him like I mean a lot of money I know was over a hundred K. I want to say 300 K and if they just what a held on They would have made a boatload of dough, but they just they sold too fast and they got salty and like hey He didn't tell me and I need someone to babysit me. So I'm gonna start a lawsuit and here we are So it states here the investors insist that Ripple that Ripple should have made a formal application to the US Securities Exchange Commission Or SEC for the cryptocurrency XRP to become a security. Are you out of your mind? Why would they go the SEC and go hey you class class security sounds like a Fantastic plan genius, but I digress according to court findings published online by law 360 The court made the following for it and I just want to remind everybody that today is Sunday This happened eight hours ago. So I don't think courts are open on Sunday But I think this happened a while ago and it is got wind of it. So here we are but This is what was stated the court found the lead plaintiff failed to provide the necessary evidence in the courtroom to support multiple claims Regarding XRP's non-security status Brad Garling house's personal holdings and monetary intentions XRP sales strategy as well as the company's Software products and I gotta tell you I did not think this is gonna be dismissed this early I thought I was gonna go through the whole process and they're gonna have to go through discovery They're gonna have to do go through depositions are gonna have to go through the whole thing and you know expert witnesses and all those things Which I had to go through for my lawsuit, but good for Ripple. They didn't have to I mean again even if you win a case you lose a case and Glad Ripple didn't have to go through that. So moving on the Northern California District Court also said the plaintiff failed to offer The factual allegations needing to show that Ripple and Mr. Garling house's Statements were false when made and that's pretty much it and it talks about some other things about Moneygram, but that's not the big story The big story is this and this is what if if you hold that or if you're in the XRP Army Which same thing you are waiting for this case and this case is huge and I believe that's a good reason why we're seeing this Nice little healthy pump for XRP. I expected to go much higher When everybody learns this when we're out of Sunday and people aren't at church or with family or something like that And they find this out. I think it's gonna pump big time. Do I think you should buy? I'm not gonna say that I'm just saying that once this case and it breaks all over the place should be pretty big now Remember, you might know what's going on, but not everybody knows what's going on. So I Think this should happen, but we will see and yeah, let's move on next up Somebody asked me about this question the comments to go Hey, can you tell me about, you know, what's going on with the but the price and the whales and things of that? I'm like, I have no idea honestly. It's it's anybody's guess to but I can tell you what I think is going on I don't think it's a big whale thing and we're gonna talk about that right now So Bitcoin drops by 7% in the hour after breaking 12,000 bucks. So what's going on? So a week after Bitcoin's $10,000 resurgence, which was nice by the way Bitcoin's price dropped way over a grand and 8% drop in just an hour and I actually tweeted this I said, hey, I would love to see traditional market players come come in this space or investors and try to have The Cajones to deal with an 8% drop in an hour And I I said it was like 10% about 10% in like 10 minutes. That's what it looked like to me People would lose their minds. You have to have ice in your veins to look at that and go man That's a Sunday. I mean some people would call that a catastrophe I just call that today and that's just how it is because you know, we've lived through it so much We're sealed and that's just how it goes. Anyhow, when we're talking about these pullbacks Because it states here only a few hours before this dump Bitcoin had broken the $12,000 of ceiling Let me read that again Only a few hours before this dump Bitcoin had broken the $12,000 of ceiling The last time Bitcoin's price over 12k was August 2019 when it fell all the way to 7,000 I don't know what happened with that one, but I can tell you what's happened here I believe because even I had a Sell order at 10,000 I had totally forgotten about it. It was just on the one of the books and it had Triggered when Bitcoin hit 10,000. I was like, why do I have 100 bucks in my Voyager wallet and sure sure enough There was 100 bucks because I put a a sell order in all those times ago a limit order So I think that's what's happening here. Every time you see 11,000 12,000 30 all the way up to 20,000 You're gonna see a pullback and it's part of the reason not the whole reason obviously But part of the reason is people like to use round numbers. They just do I'd still do Obviously, but I'm trying to get away from that So when you see like 12,000 on a point people are gonna sell a 12,000 because like I'm gonna sell 12,000 I'm gonna sell 13 and 14 and so on and so forth and then you have you know, everybody talks about the gap There's you know, there's the gap to fill the gap for all the different orders in here with that Sure, yes, you got to do that too and then of course There's there are wills out there that that manipulate But I don't think that's what happened here and we're gonna talk about right now So moving down says beginning on July 22nd the price began to resurge and it was a nice day that day Positive news of banking cryptocurrency custody solutions being given the green light by US regulators. That was one a Study increase of money inflow into the Bitcoin markets That's two and the price began to slowly increase and the reason I think of all this different increase that it's going on It's the same reason gold is is increasing. It's it's hitting. It's all-time high It's because people are scared of the monetary policy going on throughout the world There is so much quantitative easing and printing of money people like we can't keep doing this This doesn't make any sense We have to have some kind of hard asset or hard some some type of hard Cryptocurrency hard currency hard currency that we can rely on and guess what they can do You can rely on gold been around for thousands of years Tens of thousands and we can rely on Bitcoin because even though it's only 10 years old It's still proven us are proving itself already and it's finite. It's decentralized No government owns it so they can't manipulate it. I mean Wales can manipulate a little bit not so much and Look it used to be, you know a couple bucks now. We're here sitting around 11,000 So the reason why things are going up is because of what's going on globally and the fiscal policy That's what I believe are at least part of the reason Anyhow it goes on to state that last week's 10,000 move was unlikely to be result of a whale move as there were no reports of a Larger by order place Above the trying trading price of Bitcoin and was gauged to be an organic break out from a period of low volatility And you can see here that there is a problem with shorts because people love to play the market They love the short it they go, you know what big coins not gonna make it I can guarantee it and they short they have a short position and guess what they all get liquidated. So Trading is not my thing. I'm just an investor I like to just sit around and just put my money in and that's it because I don't have the stomach or the patience for anything else and Yeah, as far as short scale. Let's break into that article so moving on exchange outages during the Bitcoin crashes why and This is nothing new if you're in the space So the article states in addition to Binance going haywire other exchanges also faced a few abnormal incidents Incidences with today's Bitcoin drop FTX users were among those exchanges that experience slippage and ADLs on FTX Users were unable to put up trades or modify existing orders with some experiencing untriggered stops and unnecessary ADLs The drop that took a few minutes liquidated about a billion dollars worth of positions a billion That's crazy. And this is from from somebody who got stuck and caught in a loop He says this is one of the s's times possible to have FTX official go down Like literally a volatility of lifetime, but I can't close some of my shorts. This is annoying AF FTX is CEO and co-founder SPF That's the name. I guess I don't want to test it was quick to tweet that there were no big wicks or crazy liquidations Which is true. I mean if you think like not just a billion dollars here and there not a big deal Well, it's a big deal for call me full-time trader, which doesn't sound too. Call me right now But I mean you you get my point like even though it's not like some like wipe out of like, you know A hundred billion or something like that. It's still a big deal of people. So make sure that you work I mean we put our money in the exchanges all you had to do you're charging us, right? All these different different fees and whatever else just make sure your work You had one job and he messed that up. So that's why I'm very Finicky with with exchanges and whatnot is they just annoy the heck out of me and if if you're new to the if you're the game and you need some type of Help as far as like what exchanges to use is I have a list It's in in the description of all my videos It's gonna look like this and it's a link to my Google spreadsheet and I have everything here from Coinbase coinbase pro Celsius Voyager Gemini Binance up hold Abra simple swap Itoro and crypto and these are all the ones that I have used or and using right now or am evaluating I pretty much just break it all down. But like here's the here's the fees Here's the rates here's if you're gonna, you know Get a loan or if it's going to be you want to invest into something like that or the interest rates Here's everything that you need to know and then This just helps you out if you're new just use Coinbase. It's just super simple. I mean Voyager I think it's just a simple but whatever Another thing is that if you want to sign up you can go right to the website That's fine. Just you can go right to you know Celsius dot our Celsius dot network I think it is and then Gemini Dot com whatever and you can sign up or you can sign up You can use my affiliate links and you can get 10 bucks or 25 bucks or whatever else it is So it's up to you go bananas But if you want some help as far as like which one to actually use check out the spreadsheet It helps a lot. All right, so moving down while everything seems to have returned to normal This isn't the first time this has happened mark 2020 so one of the most brutal drops in Bitcoin history The price drops 50 to 60 percent. I remember that day. It was just awesome and prices went from nine thousand to thirty eight hundred dollars and Side note if you bought at thirty hundred Congratulations, I did not I bought it around forty five or five thousand something like that But I was I was like it's gonna go lower and of course I was wrong But if you got it at thirty hundred around four thousand great job Lastly it states bit next up for an outage Back in this time too. It says that many users Referred to it as a shutdown to rent the price from cascading lower with panic sellers dumping the Bitcoin or Bitmex Stated that no, it wasn't it. It was a DDOS attack So it's always interesting to me that all these places are like no, no, no I mean I know there was some huge volatility and and it just happened at that point But it was a DDOS attack or some kind of scam or something like that. It wasn't us. It was somebody else So sure but on a side note on a main note, I guess And coinbase wasn't a part of this outage so Congratulations coinbase. You did your job. I'm really happy for you now, but seriously good job coinbase I I gave them a ton of flak because I was so ticked off because they went down three times and it It cost a lot of people some money and they were pretty upset so hey, maybe they fixed everything and That's what it's all about. So if that's the case tip of my hat. Thank you coinbase. Let's move on next up Zeus capital doubles down on chain link pump and dump. I'm sure you guys have seen this around or you've seen this around Some type of report by a place called Zeus capital LLP And they have been saying that chain link is just a huge scam and and it's gonna go to zero and it's I'll let you be the judge anyhow Zeus capital LLP has released a new report Reiterating its earlier stance that chain link is a giant pump and dump scheme now before we go on full disclosure Here's what I invested in so I've got Bitcoin Ethereum XRP chain link Cardano EOS Tezos and Stellar so when I talk about these things I'm biased because I own them I try not to be but it sneaks in there every so often just like probably right now anyhow in this Article it states in what it now term is part one of its expose Zeus capital asserts in the latest report that the over 140 partnerships Let me remember that again over a hundred forty partnerships announced by chain link so far are an exaggeration Listen, I don't care if you said I got a hundred forty partnerships, but you only got 80. It's still pretty good I'll be honest with you I'll take that the asset management firm contends the project has been created to enrich the founders Second of all again, this could be me being biased But it's not the whole point of working to enrich yourself help your family help your friends get some money Take care of people or are you just doing for free? I don't know. Maybe they're doing for free but maybe they're not maybe they're doing to enrich themselves, I would guess and To shore this up Zeus capital LLP, which some Twitter users have linked to nexo finance again Don't know if that's true amidst that chain links core proposition is to connect APIs with blockchains And so a pretty good number of legacy players can easily be involved that makes sense. So this is why I'm biased I invested in chain link chain link to me is like the companies that Supplied the prospectors and the 1800 gold rush Everybody was went out to California to find gold get thousands upon thousands of people and they all want to make you know Hit it rich with gold. So there was these stores that would set up and go look We're not gonna look for gold, but what we can do is we can give you pickaxes We can give you pans we can give you all these different screens So you can find gold and I go, okay So the people who really got rich it wasn't all the people who were looking for gold I mean some did not all them, but the ones that really did me was the ones that said that supplied the Prospectors and that to me is kind of like chain link. They're like look you want to be smart contracts cool You know, you have Ethereum and Cardano and Tezos and everything else out there So you guys do knock yourself out Well, we're gonna do is we're gonna give you an API to be able to pull in outside data So you can pull in prices and weather and all the stuff that you want to do But you know, we're gonna supply that to each and every one of these smart contract platforms sounds good. Sounds good You guys are it. That's why I invested in the chain link. So We will see anyhow finishing up smart contract and the people behind chain link are taking it from there Loudly announcing how a big tech company's name is eager to do business with them argues Zeus capital LP This is done to show up the price of link. So here's the example. Tell me if I'm wrong So to support this claim Zeus capital gives an example when chain link announced the integration with Google The price was a dollar 19 per chain link However, when Google tweeted about the same a few hours later the price skyrocketed to a dollar 93 of 62% less than 24 hours How awful? Why would you do that? Why would you tell? That you partner with Google and then have Google tweeted out to verify. Why would you do that? Let me tell you something if Google came to me and said hey digital asset news We really like your your style. We're gonna, you know, we're gonna partner with you. We're gonna stop up to currency You better believe I'm going everywhere. Tell everybody. I'm telling my friends on my phone. It's on everybody. Look Google is all about me However, you have this type of thing where it's like that's what you should never I just don't get it I tell me where my logic is off in the comment section. Like I said, I am no genius That's for sure, but it'd be nicest to see what you guys think. So let me know and then lastly this article is done I'll finish off with this For somebody this Zeus capital who just wants to expose the truth and be you know captain justice I find it odd that they are spending money on ads to do so. So as I was perusing through Twitter looking up the thing with Altcoin Daily, I see this and this was in my fee We've unlimited resources to go up to link. You can't short squeeze us the attempt to manipulate the market and blah, blah, blah So This is promoted so they're spending money on ads on Twitter And then that was just one of them and here's the second one I saw and it was like right down my feed Same thing. Here's the link for the different the chain link fraud PDF file which you know says that chain is going to zero and You know, you can download it and read it and that's promoted as well So I get it if you're trying to be captain justice and go out there and like expose the scammers. That's cool But to promote it. I mean, how bad do you want to shut these guys down? Like I hate scams I think everybody I mean you probably know that watch the channel every so often But I'm not gonna promote it. I'm not gonna promote to take scams I mean, I do my best, but geez Louise calm down. So it just seems very fishy to me. That's all All right, and that's it for that section. Let me know what you think in the comment section I don't see it as as a scam Chain link works. So if it works good enough for me, I'm happy and next up is our question of the day I really want to get into this because it is very concerning to me. So why don't we jump in my office? I'll show you what I'm talking about. All right, everybody. So happy Sunday and welcome back to the office some this This section Directly relates to the question that was asked by Sean and Sean asks Does anybody know what happened to Altcoin daily looks like YouTube deleted them? And if we do a little quick little search for Altcoin daily, you don't find them Actually, it's two brothers and they do pretty good work and they just do kind of like a channel just like mine They get the news just the news. They don't get anything crazy out there They're not telling you to do a thousand X leverage and go to some crazy exchange That's no one's ever heard of in their lives or to do illegal gambling. They don't do any of that stuff they just talk about the news and So yeah, if you do a quick search, you're not going to find them. They are deleted. They are gone. So this was actually Happen on Friday, I believe and this uh, so so the reason I know is because if you look at their twitter account Um, it just says and you can find them at altcoin daily I think it's that altcoin daily IO or something like that For twitter and it just says it's one of their pinned comments. They say hey look this is what happened We got Terminated we didn't we weren't notified of anything beforehand because usually there's a three strikes out in your policy and you're out And they just said that they got an email or some kind of notification that says you were doing illegal activities We don't like that. So your channel is gone. It's it's terminated So there's an appeal process which they're going to fill out and then go through that and then a lot of people have been Tagging the at youtube team help, but that's where they're at right now And I got to tell you I think it's uh, I think it's a it's a shame that somebody Works and it's it's two brothers out of california It's a shame that they work so hard on their channel to build it up to where it is And these guys do a lot of work, you know, they do a lot of work So it's just to have somebody who's over you say hey, you know We don't like that and reviewed it and you're out of here. You're gone So, I mean that is the nature of of the business. Do I think it's fair? It's not fair That's that is how it is and that is a that is a real shame. So This isn't the first time this has happened. I don't know if uh, if if you're new to this space, this is This is uh, one of those those times when we can look back at history and see what has actually happened beforehand So back in Let's take this article up. This was in december 26, 2019. My man billy bambra He does he does solid work for over there forbs. He talks about hey this this in december 2019, which was only what eight months ago or so um Google and youtube have what was called a it was like a crypto Sweep or a crypto ban for a bunch of different youtube channels and a lot of the big youtubers medium-sized and even small ones We're getting eliminated not eliminated, but a lot of their videos were being taken down So remember it's a three strikes policy and you're out So they were getting like one strike two strikes and they were all sitting on the edge of their seats going ones The third strike coming and it kind of sucks. So this is nothing new it's It's new to this level that it's actually gone to like hey We're just going to bypass the strikes and we're going right to termination now Do I know that they haven't had had any strikes? I don't know that I have no idea But I can tell you that I catch their show every so often and the reason why I watch them is because they're so Damn good at those thumbnails those thumbnails are on point. Let me tell you everything's big news Everything's exciting. Everything's sensationalized. You can't stop but click on that damn thumbnail so When I see these types of things go about I'm like, oh, well, you know I don't know what's going on behind the scenes, but the things that I watch and the things that I've seen Doesn't appear to be a legal activity and a legal activity can be anything from um abuse It can be anything from gambling I mean or where you could send somebody to a website that has unauthorized type of Whatever like medication or whatever else. So I've never seen them where they're like, hey go to this exchange And it's in kazakhstan and you can get a bunch of free bitcoin. I've never seen that So, um, I don't know but I I can tell you this Um, I like doing this youtube videos I I do it's fun. It's fun stuff, you know, I get to talk to you guys you to see all the comments section You tell me, uh, you know either You know how relevant or the whatever the stories are that are good And you also tell me what a raging moron I am and that's okay because uh, sometimes I am And it's just how it goes But uh, you know it it is a shame just just the thing that you're gonna wake up one day And all the hard work that you've done is just it's just gone and uh, there's nothing more you can do about it so, um The same thing happens in every industry every industry where you have no representation or you have nothing to Really shore yourself up against them. It's just a David vs. Goliath. You'll never win. You'll never win So the only way to win really is through unity and um, I mean I've gone through that I've been sued by you know big big players And uh, it is never fun and it actually hurts and even like I said even when you win you lose Um, because you're spending so much money. So like with this type of situation I have a pretty good idea of how I would handle it and uh, but the only thing is that um, unless YouTubers get together in some way shape or form, uh, it will never Uh, it will never happen. So uh, I can just say this if you are a youtuber and you're not doing any illegal activity and you Feel like hey, I don't want to wake up tomorrow and have my youtube channel gone But I want you to reach out to me. I want you to reach out to me I have an idea of how to combat these things There's ways to do these things there's ways to not do these things and the worst way is just to Duck and cover and just hope it's not you because guess what next chance next opportunity It is you and your channel's gone and then how you're going to feel when you're sitting there like altcoin bailey And you got to tweet out. Hey guys, my channel got deleted. So uh, hopefully I'll see you but maybe not Anyhow, uh, that's what I got. So again, if you're a youtuber, uh, my email Is in every one of the descriptions of these videos. So Just show me an email. We'll talk and that's it for that section. Let's uh, let's jump back Okay, so that's it. So thanks for sticking with me through all that a lot of stuff going on Before I sign off just want to say thanks to everybody who signed up as a member If you don't know, I got a join now button underneath everyone in my videos. You don't get anything special I don't hold anything back. It's kind of like a tip. It's a buck 99 and uh, yeah, that's pretty much it So everybody who's signed up, uh, I want to say thanks. So just do some random shout outs Of course the new ones mark recent bill ennis domo francisco. Hello. Thanks for coming in grant charm I've been said that who else we got Uh, I'm gonna try this I'm gonna try this name and I'm sure I'm gonna destroy Her vote. Hey, so if I got that right, let me know in the comments. I doubt it. What else we got? Sally's w we've got uh Smiling mcdougal. I always stop attack guy and uh, who else we got gary camere and one more shon thompson So look, thanks for everybody who signed up. I really appreciate it If you've liked these types of videos doesn't mean too. They're gonna pop up on your left and right right now I don't have any control over that just like I have no control over what Uh Ads appear before in the middle and after my video. So if it's a scam video, sorry I don't have any control of that But uh, like those videos or these types of videos click on those. That's it for today. Have a great sunday. See you on the next one