 Welcome to Digital Asset News to get top stories in crypto and a big amount of bite-sized pieces. So today it's all about Cardano and what is going on. So first up $30 billion worth of a Cardano has over 70% of the supply staked ahead of the major upgrade. The major upgrade that we're talking about is smart contracts. So we'll take a look at what is going on as top of how that actually compares to the other top cryptos that you can stake and earn yield. So we'll take a look at those types of things. And then we'll take a look at just how much is actually locked up as far as a theorem goes because that ETH 2.0 side is just one part of the story. And then I'm gonna go through real quick about how easy it is to actually stake Cardano. And to me, it perplexes me as to why people still haven't staked their Cardano because it makes it so simple. Never even leaves your wallet. There is no slashing rewards. You can delegate, undeligate. And I'm just gonna show you like in two minutes how easy it is. And then I'll also take a look at a bit of a charity, which is one of the promises that we have here at DNews. So we'll take a look at all those things, but first take a look at what's going on into the market. So today it is 5th of July. It's kind of like a mini holiday here in America. A lot of people are off, but I'm still working. That's just how it works, how it goes. And today the market's working as it gets a little pullback, a little dump, whatever you want to call it. And the market cap is at $1.4 trillion. So today's a red day. You know, usually it was the weekends and now it's migrated to Monday or Tuesday. And that's fine. I don't really care. The daily swings back and forth, not a big trader. So if we're at $1.4 trillion and things are in the red, whatever, it is what it is. So let's just do this and break into this story about how 70% of Cardano has actually staked. So this is a good one from CryptoGlobe. And it just pretty much lays it out very simply. It said, look, according to PoolTool, and a lot of different other information sites out there, almost 72% of ADA's circulating supply is now staked across 2,600 plus pools. DNews being two of them. A total of 672,000 addresses are staking their funds in Cardano. And it does fall up and say, look, even though there's a lot of things being staked as far as Cardano, because in my humble opinion, they really made it so simple to do. And I'm going to show you how easy it is. I just don't understand why that 70% is staked. Why isn't the rest of it staked? Because all this is just a couple of clicks of a button. Anyhow, a theory you have to remember, they're still trying to roll up the E2.0, the proof of stake work, maybe another year or so. But you can still stake it. It's just that you have to be made aware that it leaves your wallet. It's in these providers. And if they're not up and they're doing some kind of nefarious, you're going to get slashing rewards or you're going to get your rewards slashed, excuse me, which means they're going to actually be reduced or completely taken away. And it's a little bit cumbersome. And when I went through the whole rigmarole of that, I was like, nope, I'm not doing that. I just keep my Ethereum on either my ledger or on three or four different exchanges just kind of scattered around. That's how I do things. But there is $12 billion. Solana has $10 billion. And Polkadot just over $10 billion as well as far as like $10 billion worth. And I think this will actually increase as time moves forward and people can understand that, hey, I don't have to do all these like selling and trading and different things. I can just buy a bunch of crypto. I can secure the network and I can stake it and make a lot of money. The amount staked on Cardano has been rising ahead of the long servers. Of course, in August, we're going to see some smart contracts. And this leads me to a couple of points. First of all, this is just a great website called Staking Rewards. You can take a look at this exact same statistics that we took a look at. You can also find this here as far as like, you know, let me pull this over so you can see it. The total staked section right here, you got 70% Cardano with theorems only five. Solana 67. That's pretty good. Really good. Polkadot. I'm waiting for Mike, the investor to make that video for me so I can figure out how to stake Solana. Algorans 51%. Binance Smart Chain 59. 70% for Cosmos. Holy smokes. And then Avalanche running at the top 10. But there's more if you want to view all the assets. I just don't have time. So, I mean, it's making a lot of sense is like, you know, why people want to stake because it's just, you know, it's just a multiple streaming revenue and pretty easy stuff. On top of that, the question then becomes, well, well, if it's only 10 billion that's locked up in the staking, what about the rest? Where is the other stuff? Well, you gotta remember though, is that Ethereum is crushing it as far as DeFi. Everything's built on Ethereum. All the developers are working on Ethereum, not all of them, but I mean a lot. And they're way ahead of everybody. So you have to look at the total value locked in DeFi is 54 billion. Then the question is, but these are different projects, Rob. Well, that's true. But you have to understand that I'm gonna blow this up again so you can see what I'm doing. See where the, for Ave, it's a multi chain. Curve is, the chain is Ethereum. Instadap, Ethereum Makers, Ethereum Compound, Ethereum Uniswap, Ethereum, all different chains are based on built on Ethereum. You can just, there's a lot. I mean, that's it. It's all Ethereum. So when people talk about, you know, these Ethereum killers, yeah, it'll take a lot to kill Ethereum because it's here. First move advantage, there's debates about that, but I still think it's going to do well. And that's why I hold Ethereum and Cardano. And I don't really care which one wins because, you know, I'm just, I'm just here to be the cheerleader and just to give you the news. That's the big thing. But people will say stuff like this. They'll say, well, Rob, why are you even in the Cardano? Because there's nothing on it. It's vaporware. It's a ghost chain. Nobody builds on it. And it doesn't do anything. Well, ghost chain is debatable and no one's built on it is untrue. We've seen a lot of different products being launched. One of my favorite ones, World Mobile Token and Meld coming out. So things are being built on it, but you understand Ethereum's like way ahead. That's why this is all speculation. All this stuff is speculation. So you just have to understand that, yes, this is what is going on. And yes, this is, you know, it's a long play in all honesty. So all these rewards that we're talking about really is just what you can actually get into it. So that's the whole part of it. I think around do well, especially with smart contracts coming up. So let's talk about this. How do we stake? How do we actually do this? Because to me, it's, it's brain dead easy, honestly. So here's my Daedalus wallet. So just so you know, you can use Daedalus, Yoroi or Adelite. Adelite and Yoroi, you don't have to download the whole entire blockchain, which takes a long time. But Daedalus, you do. I just like Daedalus because it's really easy to use. And I have my, my private keys. I do have to download the whole chain. It takes a little bit of time in the beginning. But once you start it up, it only takes a couple of minutes after, after that. So see on the left hand side right here, we got, that's my new wallet I made just for this video. And I put in 100 ADA. And then on the left, also the left hand side, you got these, there's like this little cube looking thing. Then you got a little voting icon there. If you click on that, you can vote on things. You have to download an app. And so, and then of course the settings right here. So what I'm going to do, let me minimize this just a little bit, is I want to show you the stake pool. So on the left hand side, if you want to delegate, this is how it is. You just download Daedalus and I will link that in the description. You just, you know, as you go to a specific website, IOHK Daedalus, very simple. Download it to your computer, PC Mac, whatever else. You open it up and then, you know, you can, you send over your ADA in very simple way. And then if you want to delegate, this is how easy it is. So see, we've got that, where is it here? On the left hand side, little cube looking thing. So let's search for a stake pool itself, right? Well, I'm very biased. So I'm going to look for DNews. There it is, DNews. And then we can click on that and we can, we can delegate. But let's just say, like, that is, that makes sense, right? DNews. But how about this? Let's go, let me look for Hash, like, like Hashoshi's stake pool. If I put in Hash, there's Hash, H4H, Quark, M Hash. Well, how do I know which one is actually Hashoshi's? Well, if I click on the Hash one here, it says the perfect visionary chrono stake pool Hash, I don't know what that is. That doesn't make sense. And then Hash 575. Okay, this one's the official Hashoshi stake pool as seen on YouTube series CryptoverCoffee. And then there's his website. So okay, I'm going to delegate to this pool. And it's going to ask me, okay, first you got to do your wallet, then you got to do the stake pool and delegation confirmation. Okay, continue. So I'm going to choose my wallet, click on that. And I'm going to click on continue. And then it says right here, you have selected H4SH to delegate to New Dan walks. I've got 100 whopping 8n there. And then it says you this, or select the stake pool from the list of all same votes. I don't want to do that. I've already picked the one. I don't know why it does that on a second time, but whatever. So I'm going to click on continue. And then there's a fee 0.16. There's a deposit fee of two eta. Just so you know, and I'm going to do my spending password, super secret key here, something like that. And I'm going to click confirm. Great. And the state from your wallet, Dan new wallet is now delegated to the Hashoshi stake pool, your new delegation preference. And I'll post it blah, blah, blah. I'm going to close that. So now as you can see, I'm delegating to three different state pools and different wallets. I delegate to my D news one, obviously. And I got hash and then meld, which we already talked about why that is. So yeah, on our side, we have our different wallets. Here's the summary. I got 107 eta. I already sent two over just a little bit ago. And let's see 180 was already put in. So yeah, so I've got that. I've also got a thousand and 12 tomato coins in here. Watch out. And then I can send it to anywhere I want to just paste an address, whatever criminal address that it is. If you want to receive all to get to do is just come over here to receive, you click on share. And then you click on copy the address. And then you put that into whether you had a Coinbase or Voyager or sell or wherever you have it. I don't know, you don't have on Celsius yet. Wherever you have it, then it'll actually be sent over to this wallet. This is send and receive. And then, of course, you just delegate like we just talked about. So super simple. And if you're looking at if you're looking at for something like like super duper easy, just to like, you know, talk about how this actually works, all you got to do is I got this great website. It's called danteachescrypto.com. And in all of my videos, like this one right here, if you scroll down, it'll say like, it'll say Dan Cardano Steak Pool right here. It's got this big blue diamonds. And there is a, you just click on that. That'll take you to my actual website. And the website, there's a video that'll pop up. It's about 20 minutes or so. And it'll go down to like how you stake the very basics, why it is, how it is, how we compare and everything else. And of course, all the different epics that are and how that all gets paid out over time. So check that out. And then lastly, I just want to make mention of we here at DNews, which we try to do is, is do charity because, you know, you want to do good, want to do well, right? Do well, then do good. So for Kiva, it's giving micro loans to different people throughout the globe to help them out. And what's great about that is that it's not just like charity where you don't know, like it's just a black hole and just disappears. They actually do payback. So over time, as we keep making these loans of people, we'll get bigger and bigger. And we'll keep making the loans and it'll just be a big snowball effect. So who knows what we'll be in like 10 years. Pretty cool. So if you sign up, we have a team, Digital Asset News team. Again, there is a link, let's see if I can find it here. It's a little bit too big, but help others through micro loans, why I recommend and give. And I talk about why I give to Kiva. And here's the link for the actual group or Dan group over there. And then when you go in through Kiva and you sign up, it's going to just, it's going to ask you like, well, how do you want to do this? And you can sign up for the Digital Asset News team. And we've got 120 bucks back. That's pretty good. And we've already, gosh, we've already given almost 1600 bucks. And then when you go through the loans, you can just pick who you want to give your loans to out. And then of course, they do a little micro loans back. So what I try to do is find the ones that are going to make the biggest impact. So I just scroll through. I go, I like these ones research loans with research backed impact. And I'll give you a bunch of them. And what it like, some people are like, Hey, we just need, you know, more seeds for a farm. And that's our industry. Okay, well, I can get behind that. Or we need more textiles for this small business that we have in our village. Great, I can give that on hand that. So today, I'm like four weeks behind, we try to give 100 ADA every single week. And so that would be like 600 bucks. So because that like eight is like $1.40. So what I did was I just went through and I just gave to these one, two, three, four, five, actually six for 100 bucks each. And there's the order confirmation and it goes to them. And again, I think over time, it'll do pretty good stuff. It's just just takes a little time to get the ball rolling. And then maybe if you want to do something like that, go right ahead. But if you donate to DNews or stake with DNews, that's what we do. So look, that is it. And I want to make mention, oh man, I forgot to do this. Last thing is grayscale. So yesterday in the video, we had talked about the grayscale Bitcoin trust that was going to be an unlocked schedule. I didn't explain myself the best way possible. So just so you know, for grayscale, grayscale never sells their Bitcoin ever. It is just it's like an ETF without being an ETF, which makes me wonder what's going to happen when an ETF actually gets approved, which I think it actually will be soon. So this unlocked period is where all the people that invested into Bitcoin, this trust, they're able to to unlock and then realize their gains and then sell off the shares of the Bitcoin trust. And that's really all it is. But it does create pressure. There's an arbitrage opportunity and all this great stuff. So sure. But to me, it's not, it's another one of those small time things that are just it's going to affect the market. Could be major, could be small, but in the grand scheme of things over the next five to 10 years, not a big deal. And you're going to see maximum amount around 18 through 20 July. And then once August hits, I think that's what we're going to see most of the fireworks. So that's it. Didn't explain it well enough. Sorry, but I try to get it right. And that's it for today. So look, if you made it all the way in, thanks. Appreciate it. Also look for all those links in the description. Give the video a like if you liked it. Consider subscribing. And that's all for today. Thanks so much. See you on the next one.