 Welcome to digital asset news like a top stories and crypto and bring out a bite-sized pieces today Just as a thumbnail suggests Ethereum, although it may not be totally gone. It is going going and almost gone So we're gonna take a look at what the heck is going on with Ethereum as I believe there's a little bit of a supply shock We're gonna talk about Cardano being the second biggest blockchain as far as transactions lately We're gonna talk about Voyager debit we're gonna talk about also what I'm the most excited about is the machine Alex Moshinsky is taking on some gold bug in a debate which is gonna happen tomorrow So I cannot wait for this one, but let's just jump in to what is going on which we'll talk about in a second Let's just go over today's market and how things unfold and so first of all, let's be honest not a great day It's it's Tuesday It's the one I always joke about and I say, you know Hey, if if you think that's you know 2% or 3% drops in the traditional market is something awful Just stick around for a crypto digital asset market because guess what we'll drop 10 20% a day We just called it a Tuesday. Well, it lived up to its name today because we took a hit everybody We took a nice little shelling shellacking and the market cap went from around 2.9 Something trillion all the way down to 2.64 trillion pretty awful But it's not surprising. I'm gonna talk about why but Bitcoin price went to 60,000 452 and what's really odd about that is that I mean even though it dropped a little Low 60 for a little bit. It always gets bought up and I'll show you that in a second But over this over the last 24 hours, you got Bitcoin down negative 5% Ethereum 6% byance coin 7% Let's see any big losers Shiba Inu 9% Tara 10% a lite coin 11% and so on and so on and so on so it was just one of those awful days and you just got to remember That's these days when all these things, you know, just dropped to the ground There's two types of people out there there's Contrarians and there's ones that fall to herd so the ones that fall to herd everything drops down The first thing they say is everything's falling. I can get out of the here This is ridiculous and they start selling and the contrarians. They're the ones that instead of running away from the fire They run towards the fire and they say to themselves, you know what? This is an opportunity I can't believe what's happening in a distance and I just see these prices go down because guess what they're not going down forever That's what the big smart money wants you to believe when you take a look at these opportunities You're like man, it's another thing and we always talk about buying the dip sometimes just a little bit harder But for me, I am just like man. I just You're gonna force me to buy it so I have to buy it and of course that's what I did today And what did I buy all Ethereum and I'm gonna tell you exactly why so when I talk about this story Where I said ETH gets pulled it really comes down to some on-chain analysis and my favorite place is CryptoQuant And I'm will definitely be releasing that video with with the CEO key on June about On-chain analysis, but just so you know We're talking about the things that are going on. This is the things that I see and When I'm looking at this I want to take a look at first off is the price dip was it all because of Miners who were selling well in this case. No, it really wasn't and then if I want to take a look at it Well, is it because like there was a big amount of leverage place there was a little bit so just so you know as people start to go long on Bitcoin and become super attractive and then you know Just some people will just start showing because there's too much money made So take a look at those BYBT and you'll see all that but I didn't really see a ton going on But there was some liquidations that is to be sure Also, it took a look at the exchange reserve and see if you know did people start putting Bitcoin back on the exchanges and if we take a look at it. No really they didn't actually they took a little bit more off So, you know that wasn't that wasn't really what was going on and then before I get to the exchange reserve I'm gonna blow past that a little bit This thing right here the all exchange all exchanges take her by volume What you want to notice about this and I talked about this last couple days Is that once it hits a certain point? It seems like see these purple graphs here That's when whales and people just start buying up like crazy because they don't want it to go down to a certain point And we can even see like if I blow this up a little bit better You can see that in all honesty Lately as this thing started to really wick down Bitcoin started really wick down around 59 8 59 9 is when everybody started to buy everything up and you just see this massive buying of People whales and every individual out there because they are just dead set about keeping it at 60k And it seems like that's the new floor around around 60k or so and then leverage ratio There was a it's extremely high anything above two is like way too much and right now We're at 0.2 as far as all exchange estimated ratios, but this is the one that I've never seen before I have never seen it look like this ever in the whole time. I've been covering It's Ethereum the exchange reserve meaning the people are taking Ethereum off the exchanges as opposed to putting it back on it dropped Magnificently over the last year or so and it was a pretty steady pull right and that's normal That's normal for these these these study people just to take it off as time goes on They want to use it for you know for NFTs to buy things in the gaming sector To pay for gas fees to stake whatever you want to do with these which is it really has the most utility right now But look what happened today Womp and it just fell off Just fell off the planet and then if we even take a look at we go back two years like glassnode did I mean You can see it wasn't that big of a thing as far as like a supply shock shock that might happen with Ethereum but just this last 24 hours somebody knows something and That person probably told a friend who told another friend and they're like let's get this all off And now before you know it you got people who are gobbling up Ethereum taking it off the exchanges I don't know what they're doing with it But it sounds like they're not going to sell and if you're gonna take this much off the exchanges There's bound to be a supply shock and when there's a supply shock you're like hey I need Ethereum for my gas. Hey, I need Ethereum to buy my NFTs. Hey, I need Ethereum for XYZ Sorry, there's not that much to go around but if you pay for it at 5,000 6,000 7 you see where I'm going with this It's just like there's not enough to go around supply shock And then of course if you have the same demand but less supply what usually happens price goes up That's why I bought a boatload of Ethereum today And that's pretty much the majority of what I bought I bought a couple of other things, but wasn't that what is it wasn't as big as Ethereum because I think that there's a big play About to happen and I know people will say well, that's kind of goofy Rob because you know I mean how much can Ethereum go up right now? Probably can't go up too much, but I bet you in the short term go up pretty fast And it's a safer play than some of these riskier things out there And that's just what I'm trying to do minimize a little bit of risk and get in where I fit in So that's what we have for that section. Let me know what you think in the comments But that's where I see it and then also As far as like chains and things that are going on Take a look at this This was the most active chains block chains in the last 24 hours Bitcoin doing a lot of things, right? You know El Salvador actually doing a ton of stuff as far as like a legal tender a lot of different even banks and Well, not banks. I think a lot of institutions hedge funds buying the stuff up Bitcoin twenty one point six seven billion, but look at Cardano 18.24 billion what's going on are the daps coming out? Is there a dex that's already there? Is there some kind of like a super? Superdap happening. No, not really what's really going on is that there's a bunch of voting going on for the first decentralized exchange on Cardano, that's called Sunday swap and To vote for this because they're gonna need what it is is it's called an ISPO an initial stake pool offering and what people are going to be able to do is take their ADA if Depending on where it's at and they can stake it with a specific state pool operator is going to be 30 And instead of getting ADA as far as rewards, you're going to get Sunday swap tokens as far as rewards and if you were around when you swap well, they didn't do something like that They just they just give a big airdrop to everybody But you remember how big that was as far as when you got 300 tokens of Uniswap Well now imagine getting in early for the first dex on Cardano With what they could potentially do as far as the speed and as far as the fees I think a lot of people are gonna get into this and that's why We as far as D news, I think that's right down there We want to be one of those state pool operators and I've been I've been begging the last two or three days for everybody To vote for me so I just want to say thank you so much for voting for D news and we're doing pretty well I don't know how well we're doing so we don't really know until Tonight around 9 p.m. Or 8 p.m. Or something like that But if you got time and you are so inclined just go to actually not to do not you don't have to really go anywhere I'll make it super simple For the SPOs If you want to take a look at it, there's a ton of them out there All you got to do is when you're voting for vote for SPO I'll link this in there. There's a there's a description At the very top all you got to do is do this see D news right there. All I want you to do is You can vote for anybody else in the second one But for for vote number one that's D news for number two could be now it could be Paul or it could be CCV Or it could be ape I did this before I mean whoever you want to vote for in the second one Let's just say it's a right and then it's you just put 2.365 254 It'll tell you a code you're gonna put that into your dead list You'll Roy or ate a light wallet and you're going to send 2.365 254 to your same wallet address I know it sounds goofy, but you do that and then it's read in the blockchain and then that vote gets recorded and then off We go so that is essentially what is going on for Why there's so much activity in Cardano because everything stops tonight and we're gonna find out those 30 So if you could vote for us that'd be great I'm just calling my markers and all those things and that's it. So that's what we have for that piece and then Next to last just to let everybody know others is pretty good. Is that Voyager is releasing their debit card and So far they've partnered with Mastercard and what they're gonna do is they're going to the debit card It pays you up to 9% annual rewards just for holding your crypto on Voyager Especially in USDC. So I'm like so I personally just did this nice little thing and Clicked on the button and now I'll have a debit card. Why is this important? Well it's because the majority of my Money is not actually it's not in banks anymore. I actually transferred over to different exchanges into my Ledger long a while ago, but now that I have it in USDC On Voyager if I was so inclined to I could put a ton of that cash Right into USDC into the stablecoin and then I could just use the debit card just like I use my regular debit card So it's like seamless transaction Oh and also for other people that haven't done what I've done already They could just say you know what? I don't know why I need my bank because my bank is paying you point zero zero zero two percent or whatever it is APY so what I'm gonna do is I'm just gonna you know the money I have laying around transferred into Voyager get myself a debit card and then That's that's it. That's the big thing So I think this could be a game-changer especially for Voyager and let's hope it goes off without a hitch I'll let you know how it works out, but I think that's one more utility Let's see if the price of VGX goes up because so far my Prediction hasn't really come to fruition yet, but hey, I still got a month and a half so what happens And yeah, let me know what you think about that in the comment section I'm sure that'll be a great one and then lastly I cannot wait for this one. This is gonna be great. So Alex Moshinsky CEO of Celsius is going to be debating this guy this gold bug guy and What they're gonna debate is is bitcoins fuel gold or gold 2.0 Couldn't come at a greater time for the gold bug because you know We saw we saw a 10% dip and of course he's gonna say it's a bubble. I told you there's a bubble. I've been telling you forever Right, so hopefully Moshinsky's you know gets it to him and says hey look is Is gold really a store of value because over the last 10 years it's about the same price And I was trying to keep up with inflation, which is 7 to 15% depending who you're listening to it really hasn't done a great job Just saying before any big gold bugs get after me I own gold and I own silver and I have no problems with holding it I'm just saying why would I hold the majority in Golden silver when it doesn't even go up and even will say well store of value again Inflation is it really keeping up? It's almost the same as putting into the cash So I would love to see this debate and see where it's going because this guy in the left right here the gold bug He has been telling people to not invest in the Bitcoin. I think since 2014 and if Hopefully People didn't listen to him and they did they'd be multi multi millionaires as opposed to just holding on to gold Which is what he did a long time ago in order. He made a lot of money To really just be even Steven and that's it So that is what is going on. I will link. I'll try to link the link I'll try to link the link I'll try to put the link in the description as far as how you can sign this up sign up for this and watch this live Because it's gonna happen tomorrow and also just so you know Celsius is doing pretty good things. They've got a SWAT platform coming in They've got it in a couple of states right now They're trying to go to all all 50 states in the US where it's gonna be either low or no fees I think it's no fees, but they talked about this in their little AMA. It's about three minutes Also, they've got Celsius doing a dex decentralized exchange and they've got plans for that to happen I think this year and then also lastly just so you know if you want to earn free crypto Here's a bunch of promo codes you can put in you just put them into your app You just go to the actual promo code section there and you can put all these things in and make a bunch of extra spare change So check that out and that my friends is what's going on. So look, I know it's It's a very bad day. I'll be honest with you and no one likes these days But these days when you I can't tell you what to do because it's not investment advice just investment paying But for me personally, I just saw these dips and I'm like, I know where we're gonna be I don't know. I can't say that. I don't know exactly where we're gonna be because no one knows the future But I do know that as time rolls on the crypto market will pick up Exponentially and I don't see us being at I don't see us being at a 2.6 trillion For this cycle I see us at like a 4 trillion 5 6 trillion and maybe I'm wrong Maybe it's more or maybe it's a little bit less, but I don't see us sticking around here I definitely don't see us going lower and lower lower Especially with what crypto bitcoin digital assets have to offer. I just do not see it so I can only see This play going one direction and that's it. So look if you like today's video First of all, you stick around. Thanks. If you liked this video, give it a thumbs up Give it a like consider subscribing letting us talk about our time sensitive just like this and that's it for today So thanks so much for watching. I appreciate it. I'll see you in the next one