 Welcome to the last set news or Dan for short. My name is Rob and today just the title suggests There's some good news coming out which looks like the small retail investor is accumulating and accumulating massively So I take a look at what exactly is happening Also, there's some more good news and that is that inflation is dropping and crypto still attracts large amount of investors in the year 2022 which we're at right now also take a look at CFTC and regulation of crypto is going to take more than us So says one of the regulators at SCFTC and then lastly we'll talk about how BlockFi would just announce their Bankruptcy yesterday came out with their reorganization plan today Which I think is amazing which I won't have to wonder why can't other Places or centralized exchanges do the same thing. Lastly, we'll do a little Q&A at the very end But first things first Some good news now look on this channel. I have to tell you I'm I'm quite bearish about what's going on. So when the good news comes, let's celebrate it, right? Let's let's be a little bit happy about the things that are happening and just take a look back and go Yeah, things are not as bad as maybe we think they are and that there's some good news on the horizon Does that mean that we're gonna have a massive bull rally tomorrow? No, it doesn't so let's just celebrate the good times so here's what we got this was a pretty great data from a Glass node and to talk about how there's been some pretty massive accumulation as far as all-time highs as far as small retail investors Bitcoin editors only the 10 Bitcoin have been accumulating record amounts of Bitcoin in the aftermath of the FDX collapse Here's what we have so According to data There are these two types of retail Bitcoin investors that have been accumulating the record amount of Bitcoin falling the collapse the first type classified as shrimps our Entities are investors that hold less than one Bitcoin and the second type crabs hold addresses up to 10 Bitcoin So of course they can be in both those categories But crabs are less than a bit or excuse me shrimps are less than a Bitcoin crabs are more than 10 And what does all comes from it's a data piece looks like this from glass node and you can see that up into the right There's been some massive accumulation Bitcoin for these addresses. So that's a good thing as I think that's Not everybody's under the assumption that the entire crypto crypto market will collapse exponentially So I see this as a good positive news. However, the other things to take a look at so Shrimps They've added 96,000 Bitcoin to their portfolios following the FTX crash and that was at the beginning of November November 2nd 3rd some around there, which is an all-time high Balance increase in such a short amount of time. Maybe it's just people who just realized that hey That's it was a little bit irrational for us and the crypto market to Collapse because of a centralized player. There was no Bitcoin double spend There was no hack of the blockchain Vladimir Putin didn't come out and say hey, I created Bitcoin and now I'm going to destroy it None of that happened had nothing to do with the decentralized aspect of digital assets They just have to do with the centralized players. It was irrational and here we are However, does that not mean that we could go lower? Of course, of course I believe we will but sometimes people just irrational. Excuse me most times crabs Ones up to 10 have bought about 191,000 Bitcoin over the past 30 days, which is also an all-time high While crabs and shrimps those are funny names have been accumulating record amounts of Bitcoin large Bitcoin investors have been selling Whales have released about 6,500 Bitcoin 107 million to exchange over the past month Which remains a very small portion of the total holdings of 6.3 million Bitcoin So again as time moves on and you start to hear diamond hands and hold forever and things like that just remember that it's okay to sell a little bit along the way and When people say, oh, no, no, you have to you have to hold it forever Well, not even the whales do it and not even the OGs do it And if you take a look at again at the white paper Satoshi Nakamoto, which we've gone over a couple times now It's nine pages. Very simple lays it out quite simply and says hey This is for peer-to-peer transaction. It's not for anything else You can say whatever else you wanted to say that it is but that's not what the white paper says So it's okay to sell a little bit and take profits and that will lead me to my next point the rules underneath me Don't invest more than you can afford to lose say it's all gone Don't just understand that everything is a scam until proven otherwise Don't leave anything on exchanges. Don't use leverage take profits along the way You can use those rules or not. It just served me well and go from there and also before I move on There's a question though about concentration there's a great website into the block and It breaks down all the on-chain data that you want to take a look at and the question I always have is like well, you know, how much of those wallets Those addresses have their percentage of coins and we can see quite simply here It's very nice very nicely laid out that the balance of course when they were talking about Shrimps and crabs and things like that the people who had less than one Bitcoin Which in this one? The percent of addresses is the vast amount of addresses 50 75 90 97% roughly are the percent of addresses However, that's a difference to the actual percentage of coins that are out there people that own One Bitcoin or less Make up roughly 6.7 almost 7% of the total amount of percentage of coins of Bitcoin that is out there So just remember that 7% not that much, but it's something and it leads us to a little more decentralization One to 10 Bitcoin. That's 10% one to if you have Between one and 10 Bitcoin You are roughly 10% of the entire population of actually who owns Bitcoin not a population Excuse me the percentage of coins 10 to 100 is 22% 100 1,000 which you know now we get into the whale situation anything if if you own 1% or more of the total amount of coins you are essentially a whale and You're looking at 1,000 10,000 that 24% of coins 10,000 100,000 Bitcoin 12% Own that and then greater than 100,000 Bitcoin That's 4% or roughly five addresses So what does all mean when I take a look at this it means to me like which ones are decentralized or not? Well, I Mean addresses look pretty good the percentage of coins over here look pretty well evenly distributed Take a look at Ethereum Not as great but pretty good and again zero to one so on that so forth percentage of coins I Mean Greater than 1 million Ethereum 1 million of the coins 22% It's a lot 18% 10,000 25% not that it's it's like the worst It's actually pretty much a second best and you can take a look at it I didn't look at Cardano, but that's what we got right now, and then here's one that kind of concerns me is Dogecoin so the percentage of coins So 1 million to 10 million doge and above That's roughly 40 60 70 90% of all the doge that is in circulation 90% it's by people who own 1 million doge coins or more actually take a look at 10 million or more That's 20 40 60 70. That's that's pretty much it too So just remember when we take a look at the different coins that are out there in the percentage You have to take a look at what is Concentrated and what is not and can you get dumped on so that's how I see it and also lastly I will say that there's another aspect to look at Which is from looking to Bitcoin? Addresses with more than one Bitcoin you can see right here that we're at an all-time high of Addresses that have more than one Bitcoin all time. I this is the most almost 1 million Addresses with more than one Bitcoin almost a million 954 thousand three and seven and addresses Have more than one Bitcoin In this situation And also greater than a hundred you can see it's pretty flat Yeah, not that many but the one that concerns that concerns me just takes a look at is addresses with a balance of Greater than a thousand you can see that in actuality and this is what we're talking about whales It actually increased a little bit and then has gone down So either they're selling which I think they are or they're breaking up their amounts of a thousand Bitcoin of their addresses because who wants to Just keep a thousand Bitcoin and a one address and as you break it down You have a little bit more here and a little more here So take it with a grain of salt because I mean these are just on chain analysis Anyhow, let me know what you think about that in the comment section and then some more good news Which is twofold first of all is a great website It's called app.trueflation.com links in the description and it takes a look at different points of data And it pulls all those data in through using this thing called an oracle Also That we have here chain link and chain link and it pulls all this real-time data in and we can actually get accurate Information as to what the inflation rate is not retrospectively, which is what the Fed looks at but what's going on right now and the Fed it is you know, we've talked about inflation being Whatever the numbers were released nine point, you know eight percent nine percent true inflation had much much higher Actually from all the different data points they took a look at twelve percent, which I think it was the peak in March 11th But you can see is now As things are starting to slow down we're actually at a pretty much a low for roughly a year six point three five percent and that's good news because maybe at some point the Federal Reserve here in the United States can take a look at that go wow Maybe we shouldn't be hiking the rates so much I mean they still will because they want to get this to you know two percent I think it's a step in the right direction one thing that would scare me is if we were going like just like a big V shape It would come down down and I would just take off again That would be scary because that means that they would have to raise the rates even more which would crush the market also It's goodness for the US, but the UK Let's take a look ouchy So if you're in the UK Europe sound off like to hear if because I keep hearing reports about the price of goods and services electricity gas natural gas crude oil diesel has been up exponentially and I can just see here that over the last gosh Couple of months. I mean you guys have really been hit hard 18 percent. I remember over here. I thought I'm like, oh, it's only at like nine percent in December. No, no Right around here. I was like wow 12 percent. It's pretty high And then it just keeps going up and up and up so the UK. Sorry Hopefully we can get everything done in control over here in the States and then it can kind of come back over there also Another good piece of news crypto remains the largest investment sector in 2022 outpacing fintech and biotech Good report from decrypt in the third quarter investment in the sector was 879 million in the crypto sector The lowest recorded amount since the second quarter of last year that's okay Because 6.5 billion has still poured into the space over the past 12 months. That's pretty good because Not too long ago We were at an all-time high. I want to say November 2021. Correct me where I'm wrong here But yeah, so over the past 12 months. We still have since that that high point. We're still have people coming in It's far outstripping the second most backspace of fintech, which is raising only 2.7 billion The sector status was also boosted by the fact that two of the largest deals in the quarter were blockchain projects Meisten labs and aptos. I think that was one of the crypto new launches Not for sure, but I didn't invest in that one. That was for sure And uh, there were raises were valued at 300 million and 200 million respectively These came second only to we work founder Adam Newman's new rental startup flow Which raised 350 million so Sometimes when I take a look at this, I go this is good news because you know, we got more people coming in investing sometimes look at this and I go The people know who they're investing into and what they're investing and and just how much they're dumping money into I mean like we saw that we've got some we had some pretty savvy Quote-unquote savvy investors get into FTX and that collapsed And they did their due diligence and things like that but just went down And now we have this report of like, you know Of course our sector is doing well, but it it was second to uh flow from adam newman And we work. I don't know if you've heard about this story They got a good a good series on netflix. I think it is Or maybe it's on amazon. I forget but uh, we work was started by This gentleman right here mr. Newman And all it started in 2010 and all as it was was just Renting out space for people to actually, uh, you know rent work spaces to work and in nicer Locals and they can do it month-to-month or lock it up for 15 years or more And it made a lot of money in the beginning 2014 After years of success we work is valued at 4.6 billion dollars Uh, yeah big shot investors jp morgan chase and t-roll price willing to management golden sacks again Same people who like we're the geniuses. We know what to put the money, which you know, maybe they did 2016 No, it doesn't matter 2018 as years went by they weren't a public company yet Tell me this doesn't sound right Two or the same thing that's playing out Company faces backlash from employees as they are restricted to eating plant-based meals only in efforts to help the environment Meanwhile, the ceo newman buys a 60 million jet that he frequently uses That's the same thing with esg people as they fly to davos and they talk about esg compliance and how they're really for the planet But yet they're using their expensive luxury liner jets whatever august 2019 they go public And of course then all the records come out And that's what I like about transparency. So when you go when you have an ipo They file a public prospectus Uh describes financial security for potential buyers stemmer 2019 They figured out hey, this place was valued at so much, but it really isn't worth it After the backlash of the public prospectus We work announced it is changing the company's governance because they realized that they weren't doing the right job In october 2019 everything shut down Jen june 2020 investors they bought shares and we work prior to the failed ipo Filed a class action lawsuit against we work in soft bank But like I just sometimes I look at these things and i'm like they're gonna invest in this guy again Who collapsed a 47 billion dollar company to zero? That's what they want to do. I guess anyhow, I could be wrong, but I think that's crazy Anyhow, let me know what you think about that in the comment section and then lastly to finish up Uh cftc one of the regulators says we should work together and this is what it just comes down to uh mersinger who was a one of the regulators of the cftc the Commise a future trading commission says we probably need to work a little more closely with the sec That collaboration would likely mean the cftc would also receive more congressional oversight as far as crypto goes And the agricultural committees in the house of rep and the senate already oversee the cftc She states are the regulatory gaps. We have identified they do exist But at this point we really have to just stop and figure out all the facts involved collect all the information And really get a handle on what's going on. So I know on this channel we talk about Regulation it's coming anyhow. So we should be We should be talking about we shouldn't be the ostrich with the head in the sand So if you're in the states This is the house agricultural committee which oversees the cftc. I don't know where you're at But apparently you got a lot of reps in california massachusetts illinois, ohio arizona florida, iowa Kansas if any of these are your reps I did a link in the description you can find your representative reach out to them and say why it's important To not over-regulate this industry and to not stifle innovation to have a try to have a little bit of a light Hands approach and remind them that the ftx collapse was by centralized players Not by the decentralized aspects of crypto and digital assets and then finally just to Talk about something. I think that is positive again This is Aaron Bennett friend of show That's great with youtube channel And he says hey celcius. How did block five come out with a reorganization plan the moment they declare bankruptcy? While right now five months going strong Celsius has no plan And they still filed for an extension of the exclusivity. I believe They still have everything banked on their magical bitcoin mining operation. Maybe it'll work. I just don't think it will I just thought it was fend just amazing that block five announces a bankruptcy the next day. Here's the reorganization plan My 74 pages you can check it out and read it. But it's quite interesting what they want to do To get the funds back and get things moving again. It's just amazing to me five months and Celsius says Zippo plan moving forward as all our funds are stuck on there. Anyhow, that's my little rant today And that's it. So look That concludes the news for today if you want to stick around We'll do a little q&a. I'll answer all your questions the best of my abilities and go from there if you gotta take off take off It's been 18 minutes. Thanks for stopping by. I appreciate it. But right now we're going to get into the q&a Answer all your questions and we'll go from there. All right. Let's uh, let's jump in banners all right Geo money says if cbd's are coming then who's going to provide data chain link. Well