 Welcome to Digital Asset News, I get top stories in crypto currency and digital assets and bring them down to bite-sized pieces. Today, there's just a ton of stuff to go over and we just need to jump right in. So first up, Uniswap becomes the first decentralized exchange to be Coinbase Pro and Kraken by a huge margin in daily trading volume. And I got to tell you, if you are associated with these centralized exchanges, you have to be worried about what's going on with DeFi. Also VisaExec says opt out with Bitcoin, slamming the Fed's new policy towards inflation and Chinese Bank disables digital yuan wallet after soft launch. And when I'm looking at this, I'm thinking to myself, well, how much power are the central banks going to have because it looks like they're able to shut off your wallet or anybody's wallet just like that. They're in classic hit by a third 51% attack in a month and I got to ask the question, why is this thing even listed? And finally, Chainlink acquires blockchain oracle solution from Cornell University and we may be looking at a new white paper from Chainlink. Also before we go on, I just want to make mention that Unstoppable Domains, there was an interesting email that was sent out and it says that sex sells essentially. And the domain of sex.crypto sold for $90,000 on Friday. So if you don't know about Unstoppable Domains, you're able to buy the .crypto, the .Zillica or .Zill domains, just like you were able to buy the .coms and .orgs and whatever else back in the 90s when that was all blowing up. So people were buying like Casper.com and Pets.com and they sold them for millions, right? I'm not saying that's going to happen again, but here's an example of what just happened. Somebody sold or bought sex.crypto for probably not too much. They sold for $90,000. So if you're looking to purchase some domains that you have in your head, go ahead and go over to Unstoppable Domains. There's a link in the description. Book something like this and that way you know you're getting the right one. Before we do all that, let's take a look at what's going on the market. So today it is August 31st and if you noticed over the weekend, I had no video put out. I was just feeling under the weather, just could not get out there to do it and there was so much, so many interesting stories going on. I regretted it, but you know, sometimes when you work a little bit too much, you just got to take that break and that was my break for the weekend for sure. But anyhow, here we are back and I got to tell you, it's nice to come back to a green day. So Bitcoin is up 11.7, almost hitting that 12K mark at 0.3% up for the 24 hour. Very happy about that. Ethereum, fantastic. It's above $400 and I'd like to see this, but I got to tell you, when I'm looking at Ethereum, all the decentralized or DeFi products that are going on, everything's built on Ethereum. Ethereum is the world computer. It is the everything that kind of makes things run right now is being built on Ethereum. That's why those fees are so outrageous. But I got to, I think that Ethereum is going to go all the way to the moon with everything that's built upon it. But we'll see. Tether is Tether and XRP is XRP, enough said. Chain link down 5% of $16. But hey, still holding strong. I'm glad it's above 15. We'll see what it does. Polkadot oscillating between number five and number six position as it's jockeying with there with chain link, but up 7%. It's 637. So all you polkadot holders who got in at $2 and $3, congratulations. B-cash, Litecoin, Cardano up 5%. Amazing. Bitcoin SV in the top 10. Don't know why. And that's the big stuff. Tron's up. I like to see that. All you Tron holders, congratulations. NEMV chain. And then the darlings here. You're in finance and UMA and also AVE or AVE. I mean, it's down 4%, but still pretty massively. If you got to take a look at this, look at the price of your in finance for one token is $38,103. This is the power of decentralized finance and yield farming or essentially giving your coins up or staking them or borrowing. And then that platform giving you a governance token just for borrowing or just for staking. I mean, it's amazing. It's like getting a mortgage for your house and going, Hey, thanks for using XYZ bank. Here's some free money. That's essentially what's going on here. I don't know if this is sustainable. I don't think so. But it's a very interesting prospect. And we're going to I'm going to over the next couple of weeks, delve more into decentralized finance, but there's a lot of different moving parts. And I'm just going to, you know, go down that rabbit hole for the next couple of weeks, spend a lot of money and see where I end up. So we'll see how that all works out. But let's break into today's top stories. So first up, Uniswap becomes the first dex to beat Coinbase Pro and Kraken. And I got to tell you, it doesn't seem like it's way off to me. I think this is due to happen. And if you are a centralized exchange, you have to look around and just go, you know what? Are we becoming obsolete? I don't know. ETH based heavy mover Uniswap has made history after making an all time high daily trading volume of 599 million. I think I'm the first dex to surpass Coinbase Pro and Kraken. A comparison of both trading giants shows that Uniswap's trading volume is 18% higher than Coinbase Pro's at four and four million and a whopping 52% higher than Kraken's at 187 million. So it states the exploring DeFi activity that scene investors jumping head first into daily emerging platforms, especially in yield farming, has boosted liquidity services that Uniswap offers best. Uniswap offers traders to swap ERC tokens and others from different blockchains conveniently with a hundred available token pairs and the liquidity of a one billion or so. So when I was reading this, I'm like, well, in case you don't know, Uniswap, you can take a look at it here is what the website looks like. But I have read other reports about Uniswap being impersonated and people losing a whole ton of money. So just so you know, in the comments or in the description section of all my videos, there's going to be an exchange fees and wallet alternatives to Coinbase. And it just goes through everything from Coinbase, Coinbase Pro, Celsius, Voyage, Gemini, Uphold, Abra, SimpleSwap, Uniswap, everything you can think of that I've ever used or I'm currently using. And I break them down by the fees and the APRs and the APYs and everything that you can really want to know. And if it's recommended or not. So instead of Googling Uniswap, just go to this exchange sheet and this is the actual domain. So you can find that link in the description looks like this. And for all of these links, you know, you're going to the right place. And also, if you want to sign up for anything that's here, usually they have an affiliate link that you can get between 10 and 25 dollars. You don't have to use my affiliate link, but you can just go right there and go ahead and sign up for it. But if you do use it, it's between 10 and 25 bucks. So that's up to you. OK, so Uniswap. So the big thing is so we're here on the website itself, just going to click on Launch App here or in the middle, doesn't matter. And the whole thing is that you have to connect your MetaMask wallet. And if you have a brave browser, it's super simple, all you got to do. And you can't really see it here. But on the top left of every computer that you're using, it's going to say brave. If you have your brave browser open, you're going to click on brave. You're going to go into preferences. And the preferences you got settings, brave rewards history, blah, blah, crypto wallets. And right here, you just you're able to set it up. You just click on a button and then off it goes. And there's you can deposit your Ethereum. So like what I just do is I just deposit my Ethereum to this address. And I usually just send it over from either my ledger or from my Gemini account. And then it's already prefunded with Ethereum. Now, how do I get to this, you know, get Celsius and USDC? Well, I need to go through Uniswap. So I have this connected to my brave browser. When I go to Uniswap, see how it has the balance 1.29. It's reading my crypto wallet that is attached to my brave browser. Same thing. You could do it with a ledger or whatever other options that they have, but that's what I use just makes it simple for me. Again, I do not put a ton of money on my, my ether wallet or my or my brave wallet. It's just for little things that I want to do here and there. I keep the majority in my nano ledger, which is cold storage. And I don't have to worry about things. So if I want to find a token, an ERC token, let's take a look. What do they have? Well, they got pretty much everything you can think of. And there's different ones as far as like right down here, it says Xerion Explorer. Let's change that. Let's go to, there's all these different types of lists that they have. Let's go for the Uniswap default list. And here you have everything. You have Celsius, die, I mean, a die. And I mean, it just goes on forever, honestly. So pretty much everything you're looking for is pretty much right here. And if you want, if you're looking for something else, you're like, well, I want it specifically to defy. Let's change this over. How about the AVE token list? Well, let's see what we got. Okay, USDC, you've got A, Binance, USD, Key and C, A Lend, A Link. So everything with defy is right here. So I want to just go back here. This is why this is so popular, because everything is here. I'm going to buy some more Celsius. I like Celsius. How much I want to get? Well, let's see. Well, Celsius is around 40 cents around somewhere around there. So let's say I want to get a hundred. Let's just round it up, which is go 0.01 or 0.1, excuse me, 0.1. Same way the 101 Celsius at 40 cents, it's like 40 bucks. All right. So not too bad. And just as you see underneath here, liquidity provider fee. So this is the whole thing about defy. They need your cryptocurrency either to to stake it or to borrow against it. So if you do something like this, it's all right there. And then you get that fee that is generated for all these different services. So it's a pretty cool thing. And I got to tell you, I mean, as far as like moving into the future, where banks are going to be, what's going to happen in the future? What's going to happen with these centralized exchanges? I mean, it's an exciting time. I don't know exactly what's going to happen, but it's the same thing back when the internet came about. Nobody had any idea that you would have a job as like an SEO person, a search engine optimize optimization or somebody who would build actual websites that would be specific for marketing and popups and things like that. And then I don't think anything, I mean, when cryptocurrency came about, especially in 2010, 2009, 2008, no one had any idea this would actually be here that we would be directly competing with banks for everything, not just for currency, but for lending and for staking and for derivatives. And everything you think of, I think as time goes on, it's going to be, I mean, just like Alex Machinsky said, it's going to swallow the internet hole. All right. So enough of that little speech. Let's go for a little swap action. Click on that. I want to confirm this. And just so you know, output is estimated, you'll receive at least 97 sell or the transaction will revert because of the transaction fees. And I'm going to confirm the swap. And it's going to ask me to confirm that. Is this what I want to do? What the? And see this gas fee? That's crazy. 1948, let's take a look at that. Let's edit that. So here's the basic and here's some advanced. If I want to make this 20 minutes, it's only a 50 cents. Get out of here. So let's do this. See how it says gas price 300? Let's drop it on a 50 and see how long that's going to take. So I'm like, so I'm going to put about 10. Let's just try 10 because a new total is 43.98 and it's going to be the transaction time is more than two minutes. I'm telling you, it's probably going to take hours because look at that. That's insane time. So let's just let's just click save. See what we got. So my gas fee now is 65 cents, which is a lot better than $18. Here's the total and I'm going to confirm. Now, just so you know, this is going to take a long time, but I got nothing but time. I'm fine. Let's see what actually goes through. And it didn't go through because not enough. Let's try this again. I can swap gas fee, $19. No way am I doing that? We'll edit the gas fee. We can go from cheese already jumped up. It was 1850. Now it's 1950, 1933. So let's go to advanced, which you can't see, but it's right above right above here. It's advanced. So we got 300. Let's go for 100 gas price. Sure, let's save it. So what's the gas fee? $6 and 49 cents. Amazing. Let's see if that works. Jeez. So that's pretty high amount, but there we are. That's what it is. So if there is going to be awesome, if they can just deal with those fees, hopefully something can happen there. So we'll see how long it's going to take. I expect that it could take at least an hour or so, but we will find out. Anyhow, that's it. Let's move on to the next section. So this story, I thought was pretty awesome in the beginning, but it's really not. It's just a visa exec says out on Bitcoin. I'm like, oh, wow, visa said that. She can't understand. It's a visa exec and it's just a guy who really isn't a Bitcoin. So on Thursday, 17 top Federal Reserve officials explained that they're going to let the interest rate run a little bit hot as far as for the, excuse me, inflation rate of 2%, which is going to run a little bit higher. That's what Fed chairman Jerome Powell said. Central Bank be allowing inflation to run up a higher than 2% for a period of time because they want inflation right now. So Andy Yee is a senior director of policy and visa tweeted about the Fed's latest move. And he said, Jerome Powell speech today will be for the history books. The visa executive continued, never in the history of mankind was so much stolen from so many by so few opt out with Bitcoin. And when I read this, I'm like, oh, great. It's, you know, it's visa talking about this. It's not, it's just an executive who has his own opinion. If you go to his actual, I'll just go to his account. This is Andrew, this is Andy Yee. Okay. Bitcoin maximalist senior director of policy from the Google industry, UCLBT, views are my own. And that's it. I mean, so I thought it was interesting to note. So if you see some of the YouTube channels that are talking about visa, they're not. It's just a guy who is an executive of visa who is really in a Bitcoin. That's fine. It's like me when I worked in healthcare. You know, I'd always tell my patients like, hey, you know what, what might help you with your knee a little more is stem cell therapy. I had stem cell on my knee. You should take a look at it. Is that the policy that the, for the company that I worked at? Absolutely not. But it was just another opinion to go for. So again, take it with a grain of salt, but let's move on. Next up, Chinese bank disables digital yuan wallet after soft launch. So a major bank quietly opened up a wallet service for China's central bank digital currencies, the public users, but they shot it down. So I'll make this very simple. I wanna go into too much of the weeds here. Central bank or the China Construction Bank or CCB, they had an online app. And if you just looked or did a search in that app for digital yuan, you would be able to actually activate it and use it. And once the bank figured it out like, hey, this wasn't supposed to be released. I don't know how the heck that happened, but they just shut it all down and they stopped everything. What I thought was interesting though is that this was the actual picture that somebody snapped. And what was cool about it is that the user had activated the service was assigned, could be assigned a specific wallet ID, which could be used to make transactions between the wallet and the user's CCB bank accounts. In addition, users could also send and receive digital yuan to each other by putting either their unique wallet ID addresses or an associated mobile phone number, which is pretty cool, meaning like if you had, somebody had a Wells Fargo account, this is the American version, and another person had Chase Bank. You could just send the digital version and it wouldn't have to go across a bunch of different jumps. So it's kind of like Venmo for us, I suppose, but it's a central bank coin. And what was scary about this is that they just shut it down. So in an instant, you could just, you know, turn off the money supply. And here's the thing about banks, and they can always shut you down at some point because that's where it is. But I think the big thing is for these banks to be able to see exactly what you're spending on, exactly what you're doing. And everything is accessible because it's not in the commercial banks anymore. It is in the central bank, which are pretty much tied to the government, and especially in China. Now in America, America once again is falling behind because they do not have, or haven't done anything with central bank digital coins. So we'll see how that all works out, but I'm not very optimistic about it. I think the entire world will pass us by and we'll miss the belt. Anyhow, that's it. Let's move on. Next up, I don't know how this project is still around. Ethereum Classic is hit by a third 51% attack in a month. You know what a 51% attack is? Essentially, if you have control of 51% of the actual hash power or the network, you can reverse transactions. You can mess up all the blocks and you can, you know, do double transactions like it's nothing. So this just happened the third time again. So how can anybody put any kind of stock or any kind of confidence in this project? Just go away. So the attack, this is what happened. The attack reorganized over 7,000 blocks or two days worth of mining, according to a tweet shared by Bitfly. The first two attacks reorganized 36 and 4,000 blocks respectively. Notably, a leading organization behind the Ethereum Classic Network, ETC Labs, announced a strategy to protect the network from additional attacks last week, including defensive mining that is intended to stabilize the network's plummeting hash rate and resist future 51% attacks. That worked out like a lead balloon. After the first two attacks, Exchange OKX responded by saying it will consider delisting the asset due to the network's severe lack of security. Coinbase also took drastic measures by extending deposit and withdrawal confirmation times for ETC to roughly two weeks. So here's the thing. If you're an exchange and you've done your due diligence and you put it on there and now this thing happens three times in a very short amount of time, why is delisting it? Do you think like, oh, well, they're gonna fix it. They just try to fix it. They couldn't fix it. Get it off your exchange and get another asset that actually can do something. Like for Coinbase, I don't know why you don't have Cardano on there. That's ridiculous. I mean, you've got a project that is in the top 10 and is doing a ton of great things and it has a mainnet launch. They're gonna do it. It just, it doesn't period me a little bit. But ETC and Bitcoin SV, no problem, even though they're worthless. So that's all I can say. Lastly, cryptocurrency seems largely unaffected by the series of attacks trading at 6.86 at last check, less than 4% below its price during the second attack. I don't know where the volume comes from. Maybe it's bots don't know. Let me know what you think in the comments section. Let's move on. Last up, Chainlink acquires blockchain oracle solution from Cornell University. So I'll make this quick. Deco was co-created by Ari Jules. I'm pretty sure I messed up his name. Former chief scientist at digital security from RSA. He will also join Chainlink labs in the same title. So Ari went to digital security because I believe him and Sergey, which is the founder of Chainlink, they wrote the original white paper it says right here. So they're gonna work together to draft a second white paper. They had actually done this in 2017 with their CTO Steve Ellis and moving down. Now as I've said, Deco can be used as a foundation for a few crypto wish list items such as permissionless credit or decentralized identification. For example, Deco can prove a person is over 18 by pulling data from a DMV while hiding the individual's birthday. That's pretty awesome, especially for all those. If you live in the States, there are three different reports that they can pull for your credit. And unfortunately it has your personal information with it. So what would be fantastic is if they can pull the information without your personal data because that's what happened as far as it getting hacked just a couple of years ago, which is always great to have your personal information just floating around for anybody to look at. That's why Deco sounds pretty good. Anyhow, Nazarov said an oracle like Deco could one day allow a smart contract to query off-chain credit information such as banking records without overreaching into personal data. Deco is the way a lot of collateral make its way to DeFi, Nazarov said. I gotta tell you, there's a lot of collateral and there's a lot of money going to DeFi right now. So if that can speed it up so much the better, which is why we probably should be looking at DeFi a little harder. All right, that's it for today's videos. Thanks for sticking around with me. There's a lot of kind of all over the place today. But I want to say thanks to all my subscribers and also to everybody who's joined up. And what I, if you don't know, is a join now button on the bottom right. It doesn't give anything special. Just a buck 99, like a tip. I used to random shout outs like Michael Wilson and Archie Garcia, Patrick May, Jimmy G, Miss Fusion, that's a good one, and eat my shiz. So that's it for today. So thanks a lot for sticking with me and being patient over the last weekend and do anything. Just couldn't make it. But that's it for today. See you on the next one.