 Great right on time. Welcome to the last of news. My name is Rob taking the Prospects of what's going on in the crypto world and trying to break it down into bite-sized pieces So today just the thumbnail and title suggests we now have a second announcement for black rock And the first one was coinbase and the next one I believe is much bigger And these are the things in a bear market that allows me to be a little bit bullish and dream a little bit Also, we'll do a card on a follow-up and then we'll take a look at some layer one and And the side chain competitor news and lastly go over a token metrics interview with 50 Lifetime membership giveaways and what I'm talking about it's going to look something like this So I'm going to be able to give you 50 lifetime memberships from this. This is a snippet of the interview I did with Ian. So lots of our customers and community have asked us to create lifetime subscriptions So we figured why not make us a lifetime NFT? So we've launched what's called token metrics AstroBot Society Where we'll have a mint coming up within a month or so Where our community can purchase lifetime subscriptions to token metrics as an NFT And these NFTs will give you access to the platform So Stick around for that and then I'll be giving those away and show and show me how to do it So first of all, let's jump into a little bit about what is going on In the market. So today it is the 11th or so I guess 11th. I think yeah, look at that 1220 Texas El Paso, Texas time and This is right down 2.8% one bit. Let me refresh this That's better. All right 1.4% they didn't didn't it didn't update it But uh, hey, I'm not too bad. We're above 24,000 for bitcoin up 1.6 Ethereum is up everything's up. I think my hands coins down a little bit But hey had a good run 3.4% for polka dot also as a reminder They have started staking on iTrust capital for Roth IRAs for polka dot. It's a 90-day lockup You can actually do staking within your Roth IRA tax-free right here in america And what else we got that's about it. Dang theorem classic is up 12% I guess people just do not want to give that up as we start to move in towards the merge And I can give you the exact date. It's gonna happen potentially. So that's the market itself. That's what's going on Not a big thing. Let's jump into the big the big story today Black rocks second big announcement and we had talked about this before when there was announcement with coinbase And I got to tell you I thought it was a pretty Good deal As things were as far as announcements go I mean black rock They have I mean 10 trillion assets under management or maybe 8.5 trillion depending on the markets As it's as it goes through its courses. What's the 1.5 trillion? But this was on august 4th and it was a big deal Black rock teams up with coinbase and the crypto market expansion even I was talking about how great it was and it really is I I think it is but there's been some particulars that need to be called out And a couple of things first is that the good part was black rock shows the partner with coinbase Because of its scale in the market and role in providing trading custody services prime brokerage and reporting capabilities the service will be available For clients of both companies. So that's good And that's a lot of people a lot of money that can potentially Flow into crypto But here's here's the part that I think some people missed even me and it says The coinbase partnership between black rock and laden Is an exciting milestone for our firm. This is uh brett tapal head of coinbase institutional And uh laden is just a data feed It's uh It's a data feed through which black rock and their institutional investors can take a look and go. Oh, that's what crypto is selling for That's what bitcoin is selling for that sounds good But again, so there were some people that were like this isn't as big of a deal as people think it might be And maybe they're right. Maybe they're not but I think it's a step in the right direction But this my friends Is what we want to be and this is from today august 11 black rock offers bitcoin investors to Bitcoin investing to big institutional clients. This is what's going on black rock It's offering its first ever investment product directly in bitcoin. So this isn't futures This isn't a shorting etf or something like that. This is the real deal Black rock is offering its first ever investment product directly in bitcoin new private bitcoin trust Seeks to track the price of the biggest crypto and respond to demand from large institutional clients seeking exposure to the asset Even after its price plunges here and I got to tell you In 2017 we didn't have any of this stuff. I mean none of this and that was during the the big bull run then 2018 Really, you were looked at as kind of like a moron for for getting in or staying into crypto because you know It was a Ponzi scheme and whatnot But now that we see all these big institutions and even like I mean El Salvador countries getting into it. You really got to take a step back and go Am I in the right place at the right time? I personally think I am But uh, I could be wrong. We could all be wrong. Who knows but I just take a look at these stories and go Maybe this is a pretty good deal. So moving on Despite the steep downturn digital asset market. We are still seeing substantial interest from some institutional clients and how to efficiently and cost effectively access these assets Using our technology and product capabilities. This is from black rock announcement of the bitcoin trust is the second major move black rock last week in bell crypto with coinbase global So again When I take a look at these at these stories It's just kind of like these little breadcrumbs and does it move the market, you know a tremendous amount? No, not really But what I'm looking for is just a little momentum as we're in this bear market as you know on this channel I've been quite bearish and I think with good reason. I think uh, I mean once we had 67,000 Plunge down to 50,000 49 48 so on and so forth. I was like, you know what I think This is not going to look too good for a while and it wasn't Inflation went up supply chain issues macro environment is not not the best. So the narrative wasn't there but right now If people that are paying attention like me and you And we're taking a look at these stories and be like, you know what this is when everybody gets rich Unfortunately is in these bear markets and everything is that is building right now and things can move forward now Could this all collapse when we go to zero? Sure. Why not? But uh, it is a speculative asset and I gotta tell you uh, these types of stories make me quite Or a little more bullish and yeah, let me just think about that in the comment section Let's move on to a piece that I had covered or we had covered a couple days ago and uh, we've been off for Uh, a day or so and then here and there because of health issues and I'll get to all that in the q&a later We'll talk about it. But uh, this was a story Uh, mark Cuban was on all coin daily and it was a good interview. It was like an hour long courage everybody to watch it Fantastic stuff. I know some people hate mark Cuban, but uh, hey, there is what he is and Depending if you hate him or love him, it doesn't only matter the guy's got a lot of sway Not with us But with the people that are out there that listen to mark Cuban because he's a shark He's a shark tank and people listen to him and go. Oh, well Then cardano is not that good because he said it's not that good even though they don't do any research It's just how it is. So we had talked about this and there was a specific quote Where mark said this Cuban says he looks the number of transactions on a blockchain Calling it a bell while there was success. He looks it looks at two things Fees and transactions and he goes I guess the people in Africa are not using cardano as much as they expected because you don't see the transactions You don't see the fees and that's what excludes cardano from being a success And we took a pretty deep dive into it and we took a look at the fees and the fees were definitely not there But that's a problem because that e fees are so darn high And of course the fees for cardano were much lower And of course, that's why there wasn't substantial revenue based on fees which makes sense But the big thing was transactions and we took a look at transactions and yes, it was true Uh, ethereum had much more transactions, but then I got this great post And let me see if I can blow this up It's from Dane Torode Thank you for saying his name, right? And he says hey look up what eutx o is and you will maybe understand why cardano has less transactions And I was well, maybe you could explain it to me So here's the thing is the difference between me and some other people some people might be like no I know what i'm talking about here's the thing if you have more information than me let me know because i'll take a look at it And uh, he says in a nutshell eta and its daps have the ability to handle hundreds probably even thousands of transaction into one transaction Which is true. I've sent uh many different token through one transaction It's simply not the same transfer model or tx model And you can't realistically compare it to a non utx o unspent transfers system using the same metrics unspent transfers the same one that Bitcoin uses ethereum uses just a basic model just back and forth Uh, you have to go find the adjusted transaction volume metrics to get a closer comparison Okay, so I was like well that's quite interesting. So what I did Is there's a link in description. It's it's cardano ghost chain. Let me open this up And when I took a look at Is the basics from one through twelve And again, I'm not going to make an assumption for anybody You are smart You are smart You are smart enough to figure this out. So I'm just going to give you the information and then you can make your decision because You're An autonomous human being it's not that tough. So with cardano. This is in 2020 2021. This is the ecosystem November here's april. I haven't updated it yet because I can't find much data But it's a it's more we'll say it's more everything's going good, right Projects building or down about a thousand. All right. Here's how much is being staked This is the staking ratio 71 percent Here's defi 72 is locked up in defi in ethereum. It's 45 billion bitcoin is 118.55 million in defi And cardano only has 118.56. So it is what it is So this is the thing that I added on here Which we take a look take a look about a fees and transactions And there's a website he's always talking about crypto fees and he's right I mean ethereum is crushing it with fees right now I mean That's what the whole point of the merge not this The merge is going to happen in about a month or so. That's not going to do much for fees It's going to be the next iteration where they start to do sharding shardings and be very big It's going to drop the fees but not for a while heck. It took them years to get to this point So we'll see if it goes that third point doesn't matter pay attention. So ethereum here One day fees is over three million roughly every day. So they get like, you know, good amount of fees, right one day Three times three and ninety million good for them. And then of course you can verify this For the fees per transaction Uh over on massari and it says right here This is on july 28th the average transaction fee for ethereum was $3.99 now it could be higher It could be lower depending on smart contracts and whatever you're doing sure, okay Uh cardano makes squat it only makes it at $13,000 in fees ripple had much lower. I might add 750 bucks And That's just the truth the fees are very low and uh, mark scuban's right And we take a look here. I'm sorry. We know that uh for the average transaction fee. It is only 19 cents Which is pretty crazy right good for them And then now we take a look at the transactions and again If we take a look at transactions just basic transactions you can go to massari and on july 31st just as an average You're looking at 1.2 million 1.1 1 million 158,621 Okay, so that's those with the transaction That's a lot of transactions per day. And then if you take a look at cardano Uh, they only had 91,000 which is essentially what we all know And then from what the what the post was well, what about adjusted transaction volume So massari does this they go, look here's the adjusted transaction volume This is estimated on-chain transaction volume of usd for the past 24 hours adjusted to try and remove some types of non economic transactions Nicely just back and forth really not not too much going on and again Kind of hard if you can do multiple transactions in one like what cardano can do So if we take a look at ethereum again over at massari adjust the transaction volume You can see the adjusted transaction volume is 1.52 billion 1.52 billion for ethereum That's the adjusted transaction volume And we take a look at cardano at 7.82 billion Adjusted transaction volume and what I did was I put all the links there so you could figure it out for yourself And go from there. So that was just a quick update about cardano. What's going on? You're smart You can take a look. I'm sure we're gonna add to it Let me know in the comment section where I'm wrong or what I need to look at I'm always Interested to see where There's gaps in the knowledge because it's all about moving forward, right? Awesome. So that's cardano looking pretty good making me kind of bullish on there and then also There was a tweet. There's two tweets from polygon one. They talked about How they're going to do some kind of tease with the new finance for web 3 pay attention Or you know, it's coming out soon and they did a and then they always do these things It's almost like tron-ish But they're like, hey, there's a new announcement announcement for an announcement But the last one they talked about was disney and their incubator program and that I think was pretty huge This one says, hey, we got a 37 000 dApps are being built on polygon current latest app from alchemy platform That's almost twice number in march and four times jump since the start of the year to me. I don't know about you That's pretty big I am investing in the polygon. I am investing in the cardano. I'm also investing into ethereum Because I think I don't really care who wins. I just don't I think there's room for everybody one's going to have to lie and share the other Others are going to be around there, but I'm not a maximus in any way. Okay. I'm not trying to save the world and trying to I'm trying to I'm trying to try to change the world trying to change my bank account And the ethereum merge has officially been slated for september 15th and 16th And of course you can read the comments, which is well When are they going to push that back? But who knows but there's a great website I want to make mention of for everybody to follow. It's called when merge when merge.com very simple And it just does a countdown So we'll see if that actually works and it's got a bunch of news about what's going on If you want to follow around and go from there and then it talks about The difficulty bomb countdown and if you don't know difficulty bomb As eth hub explains ethereum's difficulty bomber firms to a mechanism that had a predefined block number increases The difficulty level of puzzles So I guess and the proof of work mining algorithm resulting in a longer than normal block times and thus less eth rewards for miners Meaning they want all these miners to stop because they're going to prove a stake This mechanism increases the difficulty exponentially over time It eventually leads to what is referred to as the ice age That is the chain becomes so difficult to mine that it grinds to a halt and stops reducing blocks and freezes so If this goes through First of all I will be wrong because I think they're going to push it back again But that's just me if it doesn't happen great the price will probably go up The real question is is this a buy the rumor sell the news? That's for you to decide not me So anyhow, that's what's going on with ethereum polygon and lastly I want to make mention of this near protocol Is going to be listed on coinbase Coinbase used to have a pretty big effect. I guess it still does I don't know why because coinbase listed gosh darn near everything these days, but uh near I guess pumped a little bit after coinbase adds it to its its its roadmap and just so you know Bubba bubba near protocols token jump 12 to almost six bucks. It's pretty good Near was created to operate faster and cheaper than eth it achieved its high transaction speed and capacity Through a process called sharding. I Not I do not think they have sharding in the bag already I think that is one of those things that is down the line as far as their roadmap I could be wrong check me in the comments, but I do know this If they can pull this off because they are the layer of choice for sweat coin And sweat coin already has 11 million wallets They have 100 million users because it's a it's a free app right now It's what i'm always talking about on twitter and they already have 11 million crypto wallets If they can come in and they can handle that load Right off the bat Near protocol will go through the roof The flip side of that is if they try to handle it and it collapses The price will crash like crazy. So we'll see what happens. I'd love to have those guys on and talk about that anyhow That's what's going on for the layer ones the side chains and cardan or everything else Again, let me know what you think about that in the comments section and lastly Let's do a giveaway, huh? So this is for token metrics and I talk about token metrics here and there They're going to give away 50 lifetime memberships to token metrics and what i'm going to do is there was an interview I did with ian who is the ceo of token metrics. So this is what token metrics is how it all works So just take a listen. Let me get out of here and I will play that Okay, so as promised I wanted to bring in somebody uh to Talk about what is going on in the world of crypto more specifically A website that can actually help you that I use personally token metrics. So ian Welcome back to the show. What is it like third or fourth time you've been on here? Yeah, um, and or it's a pleasure way to be back Yeah, so it's been a long we got to stop making it this long Uh, because right now everybody needs as much information that they possibly can get So I got a couple questions for you today First of all for those that don't know what the heck is token metrics Then I'm going to ask about what's new at token metric site and you got some things going on And then lastly, I know We're talking about web three and the things that it does But what are you guys doing to help push that forward and how are you trying to you know get things into the forefront? So first of all ian What is token metrics? Great question Token metrics is an AI driven crypto analytics platform That helps crypto investors become smart investors our goals to help crypto investors and traders Make money in crypto using data AI and helping them find the need of the haystack That's done through a few key products one through crypto ratings So our AI ratings think of them as moody for cryptos or credit scores for crypto assets We tell you how bullish and bearish we are crypto assets using different data points from market data to quantitative data on-chain data sentiment data As many data points as possible Then we also have model portfolios crypto indices for different exchanges for over 10 crypto exchanges from coinbase to binance to fdx To the whole market that are built using our AI ratings that help you really build a fully diversified portfolio in the crypto space As well as having crypto research through our newsletter and our media company Yeah, that's good man because it's it's hard to make sense of this whole The whole crypto market and I think people need as much data as they possibly can and then of course it's up to you If for you watching the video if you want to check this out There's always a link in the description, but this is what it looks like Token metrics and here it all is Ian do me a favor just walk us through a couple of things some points to to point out for people who are new when they come in here So this is our token matrix market indicator. It essentially tells you when the market is bearish or bullish This is actually free anybody can access this for free if you just go to token matrix dot com without even logging in If you zoom out and click on year And the tap rate on the time horizon This actually called the peak Of the last bull run back in november Do you see when it was bearish? So the way this works is we take we have thousands of crypto assets on our platform And we have ai ratings for all of them and we take The whole market as a whole and the ratings and we see what's the percentage of bullish versus bearish and using that We're we're able to almost perfectly call the top back in november And almost perfectly called the bottom recently But basically this helps you know when to enter and get out of the market Went to ship strategies because a bearish market has a totally different investment and trading strategy versus a bullish market Gotcha. Well, look at that. Yeah, and then if you scroll down, we actually have a chart that tells you if we're in Altcoin season or not. So basically When it's green, yeah, right now we're in altcoin season So right now is a good time to start accumulating altcoins All right a lot of different indicators to choose from a lot of things out there Altcoin season. Well, who doesn't like that? All right, cool. So I guess so that's just a quick overview. What's going on? So, yeah, and Was new man. What's new? Yes So lots of people have been asking for us to add nft Non-fungible tokens to our platform and as of this week, we have officially added them to the platform So we have introduced the new nft grade which is an ai power grade that does the same thing We do for crypto assets But with nfts. So if you go to analytics on the top left And then click nfts We leverage our ai to take all the different on-chain data points and rate nft collections as a whole on which ones we think have the most value So in this case our motto is very bullish on board apkina club followed by board apkina club Then parallel alpha town star and doodles do Yeah, so this helps you figure out what nfts Are actually worth looking at in terms of investing in and then if you go to nft assets on the top left This will go through and find individual nfts that we think have the most upside So in this case, we have this parallel alpha This one had a last sale of 24 000 that one i'll Be kind of cautious could it could be watch trading who knows? We search that But basically on-chain data just kind of tells you where to look at right? So for example, we have board apkina club number 7634 oh, yeah, which lasts sold for 51 eith And our AI estimates the price could be 122 eith So taking all the different data points it basically gives an idea on what nfts could be worth looking at And if you click on one on a single nft it actually takes you to that page And we'll give you more information on the trades and why that is rare Man, look at that 95 estimated price 196 True there's a lot of money So this helps you go through and very quickly sift through the nfts And which ones would be potentially good trades or investments? Oh those of us run nfts Which would me like to my my next point because every time on nfts and how great they are And I think they're gonna be good. I don't see it like I mean a doodles and and a board api club could be great fantastic But I'm looking at more things for like for ownership for real estate for digital ids and those types of things So like I know you guys are big on web 3. So we were talking beforehand. So what are you guys doing to push that narrative forward? Yeah, token metrics is eating our own dog food. We're going web 3 But by creating our own nfts these nfts will be different than typical nfts They'll have actual utility from from the from the beginning So lots of our customers and community have asked us to create Lifetime subscriptions. So we figured why not make this a lifetime nft? So we've launched what's called token metrics astro about society Where we'll have a mint coming up within a month or so Where our community can purchase lifetime subscriptions to token metrics as an nft And these nfts will give you access to the platform You'll be able to log in using your wallet metamask While connect corn base wallet into the platform using the nft you hold in your wallet That will represent the four plans we have from the basic plan all the way to the vip plan Now in crypto fashion, we're making this a mint. So we have 10,000 nfts We're taking wise whitelist spots via pre mint If you go to pre mint that xyz slash astro about society you have the ability to Join the whitelist and this whitelist will give you the opportunity to mint and purchase an nft But it will be random. So and the price has not been set for the mint. But let's say The mint is 0.25 eighth to to eat. Who knows what the final price will be But you have the opportunity to potentially mint a vip plan at a steep discount So this is something that provides an opportunity for anybody who wanted to Access token metrics using nfts or maybe even at a steep discount and getting lifetime access as opposed to paying monthly or annual Yeah, yeah, see this was this was the the part that got my attention because I'm like, you know That means that if someone's like, you know what I don't really like this plan or I'm I'm gonna get out of crypto I'm just gonna be a farmer whatever Then they can just say hey, I have this lifetime Plan that you can purchase from me and I can transfer it right to from my wallet My metamask wallet to your metamask wallet and then boom off it goes, right? Yeah, that's the beauty of it You could resell it on open sea That's crazy. And I think that's where things are going. All right, man. That sounds cool Well, Ian anything. Oh before I take off. Let me ask you about this How do you and first of all, thanks for coming on the show. We all appreciate it. I appreciate it But uh, how do you see the market going right now? It's august something cpi numbers are out Uh, how do you see things going? Uh for the next 12 months or so six to 12 months Well right now I would say We're short-term bullish. So our AI models have turned bullish on the market. So we're bullish as well. However, we just got an out of a Bear market. So we want to be cautious But optimistic. So I would say we're optimistically cautious if that makes sense It makes no cautiously optimistic zone. That's what I am all the time almost And then of course, this is a good time to accumulate Ian Thanks my man for coming on. We appreciate it one last thing So we would you've been in great support of token metrics. We'd love to give away white list spots to your community We have 50 of them So we'll let you handle that our team would love to support the community as well Thank you for Thank you for reminding me. So here's what we're going to do. So everybody there's going to be a link in the description I'm going to put a post up. It's going to look just like this The link to that post and twitter Is going to have all the information all the things you need to actually get white listed to potentially win a So white list for an unlimited lifetime subscription to token metrics So look for that in the description. It looks just like this and we'll go from there Ian, thanks for being so generous. All right. It was a pleasure. I appreciate it All right, everybody. Let's jump back Da da da Great. What now? First of all, thanks again again for coming on. I really appreciate it and uh, just to reiterate just to make sure that we're on the same page if we're taking a look at First of all to win that The white list to have a lifetime membership. There's a link in the description There's a link to the twitter post right here Or you just go here to the actual Um site to sign up and that site itself looks just like this and it says follow Astrobot society follow news asset on twitter must like and retweet this tweet and put your email in there And then they'll draw 50 spots and just so you know, this is not like I didn't realize this was so much so like just for a basic membership at uh, Token metric is 20 bucks a month or 200 bucks a year Advanced is a hundred bucks a month a thousand a year premium is 300 bucks a month or 3000 year And the VIP like like he was talking about is 750 a month or 7500 bucks a year. So If you want to win something like that, we got 50 of those spots open might behoove you to go in there and check it out So, uh, that's what we got right there. Hopefully, uh, we got 50 winners and that's it. So that's what's going on So look, uh, that takes care of today and the news and what's happening Now we're going to jump into the i'll do the quick health update in the q&a We'll do that if you got to take off get out of here You've been here for 28 minutes or so time to go do some other stuff But thank you so much for stopping by I do appreciate it hit the like if you like it subscribe and uh, if not, I'll see you tomorrow Anyhow, so that's it. Let's jump into q&a