 Welcome to digital asset news. We take the top stories in crypto. I'm breaking out of bite-sized pieces today I want to go over a couple of pieces of news which really just escaped me I didn't make a lot of sense then but it really is making a lot of sense now as we see the market do Pretty much nothing just trade sideways and I believe a lot of people are front running us So first up we're gonna talk about State Street Bank with its trillions of assets under management getting into the crypto game Which is the same thing we've been hearing about from another large bank BNY Mellon again trillions of assets under management and the whole story About what happened with NY Dig and NCR six billion dollars as more banks small to medium banks Get into the crypto game and again this didn't make much sense to me But now I see it the banks are front running us and they're really just putting all the infrastructure in and they don't really I don't know if they're causing fud if they're kind of like just sitting the sidelines But I I see a lot of big things happening Especially if so many banks are getting into it and you better believe They're not gonna tell you what they're gonna do first They're gonna do the things and then when they've made their profits. That's when they'll release it So I think time really is running out So we'll take a look at those and also as a quick reminder world mobile token Which I've been talking with this channel for quite some time the TG event is down to 15 hours So in July 4th, it's going to Yeah Actually be able to get your tokens if you're in America. Sorry, you cannot be a part of it You cannot be a part of it And that's just how it is you're gonna have to wait until after this because that's the good old us of a not allowing people To get into any kind of sales like this. So sorry I'm in the same boat. So we'll take a look at those things and then Yeah, we'll go over that but first take a look what's going on into the market. So the market's doing pretty good I mean, we're up to 1.44 trillion again, not a big deal because we were at 2.5 trillion. That's my goal I want to see 2.5 trillion or even 5 trillion by the end of the year. People think I'm crazy. It's whatever People thought I was crazy when I said that we hit a trillion dollar market cap and here we go but um So we got Bitcoin at 34,000. Let me blow this up so you can see what I see a little better Anything great going on seven-day change. Wow, Bitcoin's up 10%. It's pretty good 24% for Ethereum. Ethereum's gonna pump Just so you guys know until middle of July when EIP 1559 comes around and then it'll probably fall back down But I see a theorem going up because that is what is supposed to help with the gas fees and that's debatable So we'll find out. Tether's tether. Nobody cares. Binance coin 10% Cardano at 15% Cardano was added to um Grayscale's trust. So I need the number three now And the grayscale trust and they gobble a lot of that up So look if you're looking for smart money, it doesn't get much smarter than grayscale They're the ones that bought bitcoin back in like 2012 2013 so If you look at look at what they buy and then just kind of go from there not And investment advice that is investment opinion like everything else I talked about on this channel And uh, it's a pretty good day over seven days. So and then for the one day we're still up So again, we got a long way to go to get 2.5 trillion, but that's what it is So let's just jump into uh today's uh top stories and then This is a big story and before I get into this, let me just say that I think that all these things that are going on with the banks It's like I've been saying for the last two years in this channel. Um There is a time when all the money is made and it's not made when there's that big hockey stick and it all goes to the To the to the roof. That's when all the dumb money gets in. Sorry. It's just the truth The smart money This is it This is the time when everybody just starts slowly accumulating when it's super boring and everything's moving to the sideways And it's just totally unsexy. That's just how it is and then people just don't pay attention So like to me I keep trying to beat this the same message in and it's very few people that get it So if you're watching this video, you're one of the few Thanks, um, invite me to your island when you make it And this I think is gonna make a lot of sense. So State street Who are they? Why are they getting into crypto? Well, they're a huge bank trillions of assets under management State street a u.s custody bank that oversees about uh a measly 40 trillion dollars in assets Yikes has launched a crypto division State street said it is expanding its digital reach to include crypto central bank digital currencies blockchains and tokenization and will upgrade its existing global link platform Into a multi asset digital trading system sounds good. I like that already in april Coindesk reported that state street was working on a new trading platform For digital assets to set to go live mid-year through a partnership between the bank's current x trading tech provider and london based pure digital Which develops infrastructure for foreign exchange trading platforms. That was boring, right? Uh, but they just pretty much played it down because at that time state street representatives played down the possibility That the bank would use the platform to trade crypto No, we're not gonna do anything like this. Why would they say that? Why would it be like, uh, you know Yeah, we're gonna trade crypto. So you should probably get a bunch of crypto. No They're like no, no, no, we're just testing some things out and maybe we'll get into it But we're not too sure and all of a sudden like wow That was the idea the whole time and then here we are going man, maybe dan was right. Maybe we should have you know Maybe front run these guys before they front run us so Digital assets are quickly becoming integrated into the existing framework of financial services and it is critical We have the tools in place to provide our clients With solutions for both their traditional investment needs as well as their increased digital needs state street ceo ron Oh Hanley said so that's just one piece of the puzzle and then to finish this up State street was appointed as the fund administrator and transfer agent of the van ek Bitcoin trust guess what van ek is doing right now? They just submitted we're not just submitted But they're one of the big ones that submitted for a bitcoin etf and from the rumblings that I hear It's actually going to go through now Do not take that as gospel that is just rumor Cheese may whatever you want to call it But I hear for some pretty big people that it's going to happen And that's the whole one of the holy grail as we've been waiting for for a long time A bitcoin etf. I don't see the big deal I can still get it but that is one of my major flaws I just assume everybody's like me and they go to all these different exchanges and all these whacked out Dexes and get their crypto. They don't there's a lot of people out there. Do not do that They want an etf. They got a lot of money on the sidelines. That's fine I'll take all the money that you want to throw at me Lastly when bny mel and enter the crypto space that pretty much forced state street to get involved. Who are they? Well, they're these guys bny melon to offer bitcoin services bank of new york melon the nation's oldest bank Said thursday it will begin financing bitcoin and other digital currencies It will eventually allow digital currencies to pass through the small financial network It currently uses for more traditional holdings like us treasury bonds and equities now granted. This was on february 11th So who is it bny melon? Why do I care? Why should you care? Well, they're also another big player in the game And they've got 41 trillion assets under custody and our administration 2.2 trillion assets under management are all these uh assets going to go into cryptocurrency? No Are some of them? Yes, and if you just take a five percent here and a 10 percent there from all the different banks that are getting in It's a pretty big piece of the pie on top of the retail investor Which leads me to my next point. So we've got this thing called NY dig and ncr we've covered this at length many a times I'm just going to paraphrase this 650 us banks will soon be able to offer bitcoin purchases to 24 million customers There was a deal between payments giant ncr and ny dig and they're going to allow community banks and credit unions To be able to offer their clients crypto trading through mobile apps built by the payment provider. Why? Why are they doing all this? They've already got all the fiat that they want to fractional reserve lending They've got they're riding a gravy train with biscuit wheels. Why would they want to get into cryptocurrency? and the reason is Is because as it states here and which makes a lot of sense to me They are tired of seeing crypto purchases made from their accounts to outside exchanges Basically just letting everything just go away by providing these clients a way to buy bitcoin and eventually spend it Within their existing accounts the traditional financial institutions are part of a rising tide of those companies in direct competition with cryptocurrency exchanges. So look Financial opinion not financial advice, but when I see these articles of these huge banks getting into In 2017 when I got into it if we had heard of any bank really getting into it We had lost our minds and it would have it would have gone over a trillion at that point And we only hit 860 billion Now it's just the news after the news after the news of positivity. So why isn't the market going up? Well, some people say it's overvalued. Some people say that the people are front-running. Some people say that there is a lot of manipulation I can't tell you and of course some people also say that people are taking profits, which I think is a pretty good point I think it all comes down to this Is it overvalued? Maybe but if you look at what's going to happen in the future I mean That's the whole point of investing right you invest into the future I'm not investing in today Does cardano do everything as far as like smart contracts and depths it doesn't have smart contracts Functionality so no and then with a theorem. Is it able to provide everything? No, it's not and it slows down It's clunky and it's it's expensive and can bitcoin really be used as a currency and globally No, we can't and it's so volatile But it doesn't matter we're looking for the future if you're looking for something small and like right now That's called trading and day trading and swing trading and do all that stuff. Um, that's not me. I'm just looking out for The future and I think the banks They've done pretty well for themselves and they also see the future and that's why they're investing into this so My theory is I think the front-running us. I think they're just kind of letting everything fall by the wayside You even see uh people Who is it not not drunken miller? Menard from uh from Guggenheim He's uh the cio over there and they've got trillions of asset under management I believe correct me in the comment section another old-fashioned institution and he's been sending out tweets about you know, it's very volatile and no It's it's almost like a tool of bubble, but yet They have cryptocurrency services and coming in so I don't believe any of those guys anyhow I think it's time to really take a hard look and just know exactly where things are going Anyhow, let me know what you think of the comment section and let's finish up with our last piece. So Come over here World mobile token Ah This is one of my favorites I like to do good and do well and it's uh pretty easy to do that with something like this So world mobile token as I've been talking about this before Uh, this is the one that uh, they have it's like a two for they put infrastructure in To sub-Saharan Africa. They've already done it in Tanzania. They're moving into Nigeria. They're putting Telecommunication towers and electricity with the solar panels. That's the first part second part is They do everything on the blockchain for the digital id built on the cardinal network And it's going to have a token generation event coming up on July 4th, so There's a lot of questions about it about can americans participate What does it look like as far as like week zero through five? How much can I get on these weeks? What is the maximum tokenomics? So we did a video about Um, world mobile token over on dan clips dan clips is uh, is our second youtube channel Where we take a look into like uh advancements in crypto and uh projects that really aren't mainstream or in our world yet So, uh, check that out. I'll link it in the description below But you can find a lot of good ones. We've done. We did world mobile token We took a look at another uh projects that are built on cardano indigo um The oracle one called charlie. We've also taken a look at uh meld, which is really interesting card launchpad Card starter and then silo it isn't built on cardano, but it is I think gonna be big so I'll link all those in the description, but What I wanted to know was Some of the questions that I left out of this video, which was pretty encompassing. I thought So I got sedric from world mobile token to answer some questions So let's jump into that quick six minute interview and let him answer all those things So everybody welcome So, uh, what I did was I had a couple questions about what was going on with world mobile token and this token generation banner tge So I reached out to the group and thankfully uh sedric came on who's one of the advisors over at wmt And he is my contact for what's going on. He's kind of like my insider. So sedric welcome to the show. Thanks for coming on Thank you rob pleasure to be here So these are the questions that I get a lot and these are questions I have in my head too So talk to us because I know We're gonna have I mean the vault was already generated people already went to the website They generated their vault talk about this token generation event because I think Everything starts July 4th, right? Yeah, yeah, if you haven't created a vault you have time to do it for the entire six week duration of the token sale So go to the site world mobile token dot com and make your vault But this is the moment we've all been waiting for it's the tge Which officially opens for token reservations on sunday july 4th at 11 am utc So like so just so everybody knows 11 am utc americans. I'm sorry you cannot participate because of regulatory issues So that's why the utc thing goes in so okay So 4th july Everybody goes in the vault so they can come in but this is the thing that confused me. You guys have week zero through week five What happens on week zero? How much can people buy as far as the world mobile token because I think I think the max supply is two billion, right? The max supply is two billion, but there's only 200 million tokens available for the public sale the rest are locked and going to be you know distributed over a 20 year span um on week zero For the sale we limit how much of that 200 million public sale allotment is sold to 25 percent Okay, so that's that's week zero the first one the first The very first week so we can't sell out on the very first week and that's because on week zero You can only buy up to 2000 usd worth of the token and as soon as we sell 25 of that sale supply that week is closed Great. So what is the what is the token going to be offered at initially for the price? Uh 20 cents 20 cents no matter what week you buy Uh 200 million wmt available for the sale for a maximum public sale market cap of 40 million usd Gotcha. Okay. So the first so week zero essentially people can buy 2000 they're putting up 25 percent of the 200 million which makes sense So we're looking at like, you know 50 if my math is right about 50 million Tokens that very first are week zero week one Then how much can they buy right if they want to get into this Week one we raise the cap very very drastically to a hundred thousand dollars usd available to purchase in the token And there's no cap. So that could sell out and interest is super high. So I would definitely be trying to get in by week one for sure I got you. Yeah, that's That's one of those things because when I saw I was kind of concerned But then the thing that I remembered is that it's the 200 uh million That is only going to be offered right now and the rest is locked up over 20 years So i'm okay with that because we've seen a lot of projects come in and they're like Yeah, we're just going to dump everything right now and everybody gets to it. So wales control That's not good. So this one makes a lot of sense to me. Okay So we talked about uh americans. They can't participate. However, a lot of people on my channel are americans When can they get their hands on wmt and where? So, yeah, we get we get a lot of question about exchanges not only americans and canadians but just Regions that were restricted from the tge Due to the tge taking place right now. We can't really talk about exchanges But I envision a ton of decentralized exchanges coming to cardano After smart contracts are released. Yeah, and we already see like 10 inactive development and they're all competing to release first um So that that's definitely a positive sign. I can't discuss any plans for a centralized exchange But what I can say is that being a cardano native asset and a project backed by our hk Uh, that's definitely a possibility. Awesome. Okay. Yeah, I'm going to reach out to I know you can't tell me but I'm going to reach out to some of these these decks For a cardano. I've got some things lined up with them for interviews I'll just go ahead and ask them and maybe they can tell me that's good. So I'm fine with that. And then lastly So the whole project there was it initially came off in tanzania And it was pretty successful. You guys set up solar panels You guys set up the iPods to give telecommunications and internet to that village Which was the last mile. Have you guys done anything since then? to to branch out in africa So, yeah, especially with this this token sale starting and and going to conclude in the next the next few weeks Our team is getting ready to roll out massively across zanzibar and tanzania Which are the two regions that we were already in and working in But then also kenya The rollout of kenya is a brand new plan that we are currently developing and you heard of here first We never said that to anybody yet so um, but we have equipment on the ground right now uh to zanzibar Some more coming through air and sea and our implementation manager is there already and then also We have a film crew in we have two film crews in ethiopia and london right now and they're both leaving for tanzania next week and included in those film crews are Maybe some BAFTA award-winning videographers. So like throwing that out there that the videos are going to be They're going to be super super beautiful videos Within six months. We should have connected tens of thousands of people and we'll be publishing videos Of that entire journey along the way Okay. Well, it sounds good. This is a because to me like i'm always looking for for two things One is to do good, which is you know, nice We don't want to do good things for people and the next thing is do well, right? machine He always talks about this one. So I stole it from him So do good and do well I like this project because it's actually doing something already has real-world utility And uh, I can see why the demand is is high so anyhow So everybody uh, first of all cedric Thanks for stopping in and taking the time and then for you watching at home I'm gonna link in the description all the different uh links that you would need for world mobile token world mobile.io So you can take a look and also you can generate your vault and maybe if you want to participate Look in there now again. This is just an investment opinion not investment advice Do your own research, but me personally I am uh pretty excited about this whole project. Unfortunately, I can't do much You know american. All right. Cedric. Thanks for stopping by. I appreciate it and uh, let's jump back Thank you. All right. So thanks cedric for answering all those questions that helped out a lot for me Hopefully for you if you're looking at that again, uh, do your own research take a look really hard At what you want to invest into this is what I will be getting into when it becomes available to Americans and again As you know, I'm an advisor to this project So I try to you know, help them navigate the whole social media platforms and things like that and uh, but I Will be getting into them when uh majorly when I actually absolutely can which that is what it is for Americans And then lastly, uh, don't forget that, uh, you know If you come into the queue And you're looking to to purchase you can never go down for your number So if you get in your number is like 106 for week zero on week one It'll still be 106 and if other people drop off You'll still be in that number and you can never lose your spot or go down But you can only increase if other people drop out or decide not to buy so that is what is going on and uh to me I think it's a pretty big project. All right. So that's it. So if you made it to the end first of all Thanks for watching all the way. I appreciate it If you like the video, uh, give it a thumbs up give it a like Also consider subscribing a lot of things we talk about on this channel are time sensitive and that is it for today So enjoy your weekend. I appreciate it and I'll see you on the next one