 As we continue to accelerate in 2024, the Bitcoin digital asset market just keeps moving on and even some of the most bearish news that you could think of really has nobearance on the market itself. So what I'm talking about is today, there was a little piece that came out that India is the block URLs of Kraken, Binance and several other crypto firms. Now, if this would have happened in the bear market in 2022, it would have obliterated the market and shot us down even farther than what we were. However, it is right now and right now that the market is alive and running just fine, Bitcoin is only down by 0.7 or 8 percent. The total market cap is around 1.74 trillion. So this doesn't really have too much of an impact on the market itself. And after this, we're going to take a look at some super bullish news. So this is the article itself. The move will block Binance, Kraken, Huawei, Kucoin, Bitrex, Gate, Bitstand, Bitfinex and Nexiglobal after claiming the virtual asset service providers are vast, which is the license that they all have to operate, were operating illegally because they were not complying with the prevention of Money Laundering Act, KYC and AML, which is essentially what they got CZ Binance for as far as money laundering. Now, I'm not going to sit here and say that he was found guilty. I'm just saying that's what the government charged him with. Prime Minister Modi expressed in August the need for global crypto regulation. All right. The rules, regulations and framework around it should not belong to one country or a group of countries, not only crypto, but all emerging tech need a global framework and regulations. When I read that, I'm like, this seems reasonable. I think India looks to be that they don't hate crypto as much as possible. But then I read the next sentence, the country has a whopping 30% tax on crypto gains. It's a higher tax rate on equities or any other investments in India. Look, in America, we have short term capital gains that could be between 25 and 45%. Also an additional 7% to 9% to be in the states you're actually in. Long term capital gains between 21% depending. So when I take a look at 30%, I'm like, honestly, that's not too bad. But of course, in India, they look at this and go, well, that's kind of a bummer. So I was thinking maybe they don't really invest too much in crypto, but not so fast. So the last one says it all. Chain analysis found that India leads the world in grassroots crypto adoption. Earlier this year, the country is the second largest crypto market by raw estimated transaction volume. What that says to me is that there are some outsized gains and everybody can see it. Even a country with a billion plus people and say, you know what, we get into equities, we get into real estate, we get into other commodities, but probably crypto is our best bet, even if we got to get hosed on the 30% tax rate. Let me think about that in the comments section. But again, didn't move the market too much. And then we got some of this news. Bitcoin worth a billion dollars vanishes from exchange in the largest single day outflow in 12 months. When I read this, I'm like, this is super bullish, but I got to warn you on chain data, you got to really dig deep. This was all pretty much came about from Glassnode and the chart itself. And it says that, yeah, there was a big massive outflow in one day. And it states on Wednesday, just over 28,000 Bitcoin worth one point, roughly 1.2 billion left centralized exchanges. And when Bitcoin goes off the exchanges, that means people don't want to sell it. They put in cold storage and hold on to it. When they put it on the exchanges, that means they want to sell. So obviously people are looking to hold off a little longer. And this they say is the largest single day outflow in Bitcoin since December 14, 2022. And I was looking at this chart, I'm like, I don't think that's true because I can't see behind this and I don't really know what's going on. So I took a look at crypto quads just to make sure. And I took a look at the total exchange outflows. Again, this is the 29th. He had 24,000. So not the 28,000, but whatever. Over here, he had 28,000. So maybe this is what they're talking about December 27. But then I thought to myself, wait a second, the day before that, he had 51,000 and then he had 37,000. And then let's just blow this out to a month. Hey, wait, there's more dates. This is totally wrong. I took a look at a year. I'm like, hey, wait a second. There's a ton of different days which had 28,000 or more Bitcoin outflows itself. But then I took a look at the actual chart itself and I go, wait, wait. That's net flow. So that was on my fault. And then I took a look at net flow. So net flow is the amount and they take the total output and total output is a net positive or net negative. And we can see that, yes, on this data sum of 26, they've got 22,000. So a little bit off, but okay, I'll take it for a week or so. Let's blow this out to a month. All right, so pretty bullish indicator. There's a lot of Bitcoin coming off the exchange, but I went to a year. I'm like, wait a second, there's a lot of net outflows. Over here, he had 26, 27,000. Then he got 22, 24 over here and so on and so forth. So I'm like, eh, the article's a little bit off, but not too bad. So again, when you're doing this, this on-chain data analysis, just take it with a grain of salt. It may be a year. It is bullish and that's fantastic, but you just got to kind of dig into it to really get the full picture. Anyhow, let me just think about that in the comment section. And speaking of exchanges, for all these things we just talked about, and of course we talked about India, now these outflows, which is again, very bullish. This is extremely bullish. Even after the problems with legally, Binance grew there based by 30%. They added 40 million accounts to 170 million. So even all the things that happened with CZ Binance and having to go to court in Seattle, I believe, just like in the comment section in the US, they still added 40 million accounts. So even something like this doesn't really bother people too much. You know, it just happened a little bit ago. I think 2024 is going to be a fantastic year. I will say this though. When we were taking a look at this article itself, and it talked about they want to get KYC and AML. I know people were probably thinking to themselves, but Rob, because of this article, wouldn't you just use a DEX? Well, you could use a DEX, but how are you going to do an on and off ramp for all your fiat? Good question, right? Because right now you've got to use a centralized exchange. For me, I'm stuck with Coinbase in the United States. But what if you use a wallet where it could be your own on and off ramp? Well, I've got this wallet I've been using. It's called Titus. I use two different wallets. And Titus is one of them. I also use Phantom, I also use cold storage device, Tangem, ledgers and stuff like this. But this is my hot wallets that I use. I use Titus and I use Phantom. I like about Titus itself. It uses Ethereum, Solana, Bitcoin, Polygon, Cosmos and Optimism. And I've been doing some really easy swaps moving in and out. I was talking to one of the guys over there last night. They go, yeah, we're going to be rolling out an on and off ramp potentially in Q1 2024 with governance. I'm like, hmm, sounds pretty interesting. Then I asked them about, you know, I've done this with ledger for buying and selling cryptos and stuff like that. And they use MoonPay and it's ridiculous. It's four to five percent or something crazy like that. Like, no, no, no. We're going to use fractions of a percentage. So I'm going to leave this in the description like you to try this out and check it for the wallet itself. These are the ones that I use and because they roll those things out and a couple of other things, I think it could be a big thing. And then speaking of, because I always kind of saw Titus and Phantom as a Solana ball, even though it's not, let's talk about Solana. Solana, speaking of good news, they just somebody sent a boatload of Solana to Coinbase yesterday. This could be the big dump that we were afraid of, but on a side note, the transaction fee was ridiculously small. Take this out. Transfer from here to here to Coinbase too. They transferred 1.8 million Solana. So you're looking at, you know, millions of dollars where the Solana was actually moved out. But if you can see here the fee, 0.00007. Try doing that in the bank. It's not going to happen. And I was, and people were saying, well, this is the dump that we're waiting for. And did it? No, didn't really matter. The Solana is actually up almost 6% for the 24 hour period. So again, some of the things that would be considered bearish, really doesn't have a big of a hindrance on what's happening. And then, but there is one thing that people have been harping on lately, the tokenomics. There's a great website, send to me by Dave. Solana tokenomics. I want to share this with you. There's links in the description. I want you to analyze it. Do you know that the circulating supply, the total supply right now is 565 million. Circulating is 429, non-circulating is 136. What's the difference? The non-circulating supply takes two forms. Solana that is locked in a stake account. This is the result of an investment in Solana or a grant by the foundation. And the next one is Solana that is owned by Solana Labs, the Solana Foundation. So that's the two different ones. People were surmising like, well, Solana, if I know you can just dump on us. Listen, anybody can dump on you. So just be aware of that. But here's the big thing, the stake supply. You see the total Solana stake, 380 million, locked Solana stake, when we were talking about 54 million. And this one, Alameda's locked stake, 24 million, 391,735. Who's Alameda? Well, that's the investment arm of FTX. And right now they're going through a bankruptcy. So if that comes through, then yes, they could unlock it and they could sell it all. But again, I'll just remind you, goes all the way and they sell everything, which first they have to get out of bankruptcy. Good luck, that could actually happen. Heck, Mount Gox just came out of bankruptcy after 10 years and they just gave the initial distribution. That's after a decade. However, there's a great video from Aaron Bennett and he talks about Celsius and you are actually eligible as they agree to the plan. And that took about a year or so. So it could actually happen, but is everybody gonna sell? Not for sure, but that's just what it actually is. I'm gonna have you take a look at this and you make the judge for you because you are doing your own research. Anyhow, I want you to think about that. And then lastly, Air Drops. There's a great video by Lady of Crypto. She does a great, fantastic job about Air Drops, I'll link that in the description. And what she was talking a lot about was Linnea, which is the blockchain for MetaMask. And what they're using, and when I took a look at this, Linnea, the Air Drops are already pretty much over. So you just missed it by like five days. Sorry, Charlie, don't worry, I missed it too. But what they're using is this third party called Galax. And Galax has a lot of different things that you can look at for the next Air Drops. And all you gotta do is like answer a few questions. You gotta use some on-chain transactions. It's way not too difficult. Also, there's another one called Intract. And Intract, there's another one that's coming up. This is for base. And I'm going through that process right now. And you're doing little things like swapping Ethereum, going into base and doing transactions. Not very difficult. And I will just leave website itself in the description. But right now they're going through base, DKSync, Alley, Allmaker, Dow, and then over here for trending campaigns, Layer Z and a bunch of different things. And then Token Quest. So if you were like really looking for the next big Air Drop, it's probably gonna be on Galax or Intract. And I'll link this again, you can find it. But just remember, when you're doing this type of Air Drop thing, make sure that you're using a hot wallet that doesn't have your entire life savings in it. Make it a whole new hot wallet that you just do that stuff in so you don't lose anything because I gotta tell you, this could be a little risky. And that's it for today. So look, if you like today's video, give it a thumbs up. Consider subscribing or even talk about his time sentence. There are so many things going on right now. Just sign up and subscribe to somebody you trust and want to get some information from because it's going to keep moving faster. That's it for today. Thanks so much for stopping by. I do appreciate you. And I'll see you on the next one.