 Welcome to Digital Asset News. Take a top stories in cryptocurrency digital assets and bring them out of bite-sized pieces. So today we've got some pretty great news about what is going on in the market starting with this little important piece where the SEC commissioner states, Hey, we're overdue on approving a Bitcoin ETF. This is good news if you've been waiting for one of these over the last, uh, seems like forever. So we'll take a look at what is being said here. Some positive news as far as, uh, Tether stablecoins as they were actually being backed by what they said had been backed, which would probably fuel into this ETF being approved. On top of that, we'll take a look at real quick about what is going on with everything for Bitcoin in the exchanges as they're being taken off. This is by the man CJ over at Market Rebellion. And finally, just a quick note, we'll talk about Cardano being fully decentralized as 100% is being done by the operators of the pools for Cardano. The news being one of those. So we'll take a look at all that. But first, let's go on the market. So today, first of all, we are still in Puerto Rico might be here a little bit longer, just doing a couple of things, but not a bad place to be stuck. I'll just tell you that today is April 1st. It is 1045 a.m. in Puerto Rico, which is really Eastern Eastern time. And here is what we got. So first of all, Filecoin is one of those most bullish coins that is really taking off right now. I know if you're like me, sometimes you take a look at these, at these markets actually blow this up and go to the coins. If you're like me, you probably take a look at these and go, man, I wish I would have gotten to that. I wish I would have gotten to that. But here's the thing. Remember this. You invested what you could when you could. So don't beat yourself. If you didn't hit every single opportunity out there is impossible to hit. And what is going on with Filecoin is it's jumped all the way up to a pretty admirable position. Let's see. Probably to number ninth spot already up 38% in a 24 hour time frame and just been going up and up and up. Everyone was listening on Coinbase at 30, jumped all the way to 110 and dropped all of that to $30. So for everybody who has held for Filecoin and the number nine position, congratulations, looks like a pretty good project. I was going to get into it just missed the opportunity. Bitcoin up 0.48%. Wow. And almost at that $60,000 mark. And we are now at an all time high market cap of $1.9 trillion. Three or four days ago, I said $2 trillion is right around the corner and here we are. It was based on no concrete evidence. I just kind of felt like the sentiment of the market is going that direction and here we are. Ethereum up 5%. And we're sitting at price of 1934. It might even hit all time highs as well. Finance point, everything's up. It's a pretty great day. So again, take these W's, take these wins because every so often we do, we have those magnificent days. On top of this, let's take a look at the projected range. As a reminder, this is trade the chain. It only, not only, but it goes through all the sentiment analysis to see what is actually happening. It scrolls all the interwebs and the blog post for the exchanges. Also has one of the few integrations in the API as far as a cryptocurrency company. It's only one of four. And it takes all this data and it gives you the best thing. So hey, look at that. Dogecoin is number one in sentiment analysis. So see this little middle number here for 3%. That is 90% accuracy as reported by trade the chain and all the data points they have. So the next hour it's projected to go up 3% or all the way up to 10%. It could go down to four, but 3% is the middle number we want to see. What else we have? Storage, Filecoin, looks like it's going to continue to rally maybe 9% in the next hour, but usually about 2.5%. Kucoin, Nano, BT, Reddit, Wax, Kava, Phantom, Peercoin. And you can take a look at all those different projects to satisfy our intertrader. But I think you might be here for a little bit of the news. So let's just jump right into what is going on to, I think, is pretty big news. So this is from Hester Pierce, also known as CryptoMage. She says, hey, we're overview on approving a Bitcoin ETF. In this channel, I've talked about Bitcoin ETFs and how I have no faith in them whatsoever, because they keep getting shot down and I just never thought it was actually going to happen. But there's some things that have changed and some people that I've talked to that have completely changed my mind. And I'm going to talk to you about the case for an approval of a Bitcoin ETF. First of all, why is it even important this actually happens? Well, in my opinion, it's not. It's not important that this happens for me and you, because we know how to get Bitcoin, right? We know how to get cryptocurrencies. There's a plethora of options for us. However, my one fatal flaw is thinking that everybody's like me. I'm trying really hard to not do that. And you have to understand that in the traditional markets and people with a lot of money out there are used to ETFs like, you know, Mr. Wonderful, Kevin O'Leary, who's always talking about, you just do an ETF or would have got into it. There's a lot of more people like him. So an ETF just brings more money into it. I think it's going to be great. Here's the case for why this could actually happen. So what's going on here? So this is again, this is an interview by Forbes and Pester Pierce, one of the SEC commissioners said, yeah, we're long, long overdue. She acknowledged that approving a Bitcoin ETF in the US should have been a long time ago. I didn't have the standard set for Bitcoin ETF proposals may have been way too high and it only makes sense. And the SEC at that time, they didn't really understand it. They didn't understand what was going on. I've got the last guy's name. Everybody in the XRP community hates him. Nobody's really a big fan of him in cryptocurrency. So as he stepped down and we're going to get a new one, Gesner, who knows what's going on, I think the standards are going to be lowered a little bit. So this can actually go through. You have to understand the people that are in the SEC before, they had no idea. Well, they had some idea, but they were just nervous about it. They didn't want to do it. Now we have a new changing of the guard. I think they're going to approve it. So moving down, he states, my view has been that we're overdue on approving one of these things. I also think we dug ourselves into a bit of a difficult hole by setting standards for approval that are difficult to figure out how to satisfy. So I really don't know where we're going to go. And then finally, she states what the price of Bitcoin is doing is really not the business of the SEC. That's not what we look at when we're looking at other underlying markets. So here's the thing. Commissioner Pierce is right. This thing should have been done a long time ago. The standards should not have been set so high and really they need to be lowered. And the reason why, first of all, there's a couple of reasons. As so goes the world, so goes America, so goes the world was an old adage for traditional finance. That is kind of fallen by the wayside. As America gets passed over by every other country globally, not every, but you know what I mean, a lot of other ones. So I mean, even Canada has approved the Bitcoin ETF and the Ethereum ETF. And then you've got other places like in China and Russia and the EU and they're all looking at the same thing. And they're either they've approved it or they're getting ready to approve it. So America sits back and goes, are we going to be passed by by everything that is going on? Well, we could. Seems to be not a problem for a lot of places, but I don't think they're going to be. And that's why they've got these people in place. So we have that specific instance. And then just so you know, I skipped over this for a reason. The SEC acknowledged that Van Axe Bitcoin ETF, which is now waiting a final verdict in April, is still on the table. So first of all, who is Van Axe? If you don't know, Van Axe is an old school institution and they have really been a bunch of gold bugs for the longest time. They've been around for quite quite a bit. But in January 2020, this all changed when they talked about how great Bitcoin was. And because they came from the traditional market and because they can talk about these things, I think they were in a prime position. As they put forth their paperwork to the SEC to go, look, this is why this needs to be approved. Here's what we know. Here's where we come from. And here's where we are going. And I will link this in the description. It's a great case. And it pretty much just tells us like how better it is than gold. And remember, these guys were huge gold bugs. So the big problem with not being able to approve an ETF is because of like my friend Ryan Gorman over there at Trade the Chain talks about. He goes manipulation. And as things get hashed out, and then people start to realize, well, I mean, there are wells that can manipulate. But guess what? That's the whole beauty of the blockchain, right? We can take a look. It's a public ledger to see exactly what's going on on top of that. When we talk about different things that are happening as far as like manipulation, this was one of the biggest things I thought was which was Heather. Everybody was talking about how there is no Heather wasn't backed by anything. It was supposed to be one to one to the US dollar. And people are like, No, that's not that's not what's going on. Ted is like, Yeah, that's what it is. But they wouldn't let anybody in to actually do the audit for these accountants or independent accounting firms. Well, they just did it. And guess what happened? The accounting firm came out and said, You know what? They're 100% correct. And actually, they have more than as far as like the back dollar than what they said to. So this was just released an hour ago. Assurance reports as those Tether stable coins are fully backed. Heather Holdings Limited publish its insurance opinion issued by an auditing firm based in the Cayman Islands. For the accounts report, consolidate a total assets amount to at least $35 billion, $276 million, $27 million, blah, blah, blah, blah, blah. Which according to other holdings, limited exceeds the total amount required to redeem the tokens and just gives us a statement here. Heather Holdings Limited issued a comment. Tether has always been, first of all, before I read this, this is like the big victory lap. If you're Tether, like, I told you so. This is a pretty reserved way that I would do it. The good thing that I'll run a billion dollar company, but they said, Look, folks, Tether has always been fully backed. And the assurance opinion we made available today confirms it once again, that Tether's growth in the market continues to validate our business. We understand the public's interest in this matter and are pleased to share this attestation as part of our ongoing commitment to transparency. And then this last terrorist talks about, they're only talking about USDT or Tether. They're not talking about XAUT, which is backed by gold, same part in that same company. They're not talking about that. Just Tether. I'm happy with. I'm ecstatic about that because if you've been around cryptocurrency for a while, the big issue was that Tether would just say, yeah, we got a bunch of money, the backs, and they would just start printing off USDT. They would buy Bitcoin. They would buy up the market. It would inflate the market, but they're like, whoa, you have to understand, this isn't, people were saying this isn't backed by the US. They don't have that much, but now they do. So in that regard, when we talk about manipulation, of course, there's going to be some manipulation. It's not like the traditional markets don't have manipulated players. I mean, ask anybody in hedge funds, they'll tell you exactly what's going on. But for the SEC to take a look at this and go, okay, well, these different parts of the organization are not manipulating. That's pretty good. We've got people in there that are coming in. They know all about it. So that's good. And then all these different good stories about what is happening, institutions adopting. I mean, old school types of institutions that are really getting into it. I think it's just us. No one's here. Just me and you talking. I've been talking to some people and they are talking about how, yes, this is going to definitely happen. So if the ETF gets approved, some people say it won't make a big difference. Some people say it'll make a big difference. I think just for the mentality, I don't care if there's money coming in. Just the mentality of saying, yes, the SEC has approved Bitcoin ETF, I think will be massive. If not in the purpose alone, but the actual ideals that it brings behind. And then lastly, just to finish up, just so you know that for USDT, it's got a market cap of $41 billion. So $35 billion, $36 billion. Okay, pretty close. And it's fluctuating all the time. So at least they have that. And then lastly, the guy that I'm talking about who has taken over the SEC was either he has been approved or he's going through the approval process or he's already approved. This is Ginzer. Ginzer, he'll Ginzer. Gary Ginzer, excuse me. And this is him in 2018 giving a talk to MIT students about blockchain currency and mostly about Bitcoin. And he was also given about XRP too. So this guy knows exactly what's going on. So if you've got that, you've got Hester Pierce. I thought the person is going to be here for the CFTC. But these people, they all know what it is. I think it'll be approved. Let me know what you think in the comment section. That is my big foray into ETFs. So hey, anybody in here might have an ETF. And that's what's happening. All right. So moving on. I just want to talk real quick about this is from CJ over at marketer bill and he pulled this this chart. He goes, look throughout the past year alone, 3% of the circling supply has migrated out of exchange. I'm a Bitcoin and into third party wallets. Now just 12%, 12% of Bitcoins circling supply are held in exchanges. That's the lowest amount ever. This could be interesting. Let me blow this up real quick so you can see. So you can see we've had quite a big drop off of everybody over the past year. So the question then is, well, why is this important? Who cares if more people have a ton of Bitcoin than their personal wallets? So if you knew to crypto welcome, but as people have already known as they've gone through this journey, the more people that take their cryptocurrency Bitcoin included off of the exchange and put in the third wallets means that they're not going to sell it. They're just going to sit on it for quite some time. Once they've had to transfer massive amounts or even any amount to an exchange, that means the exchange does one thing, sells your crypto. So if you're taking it off, that means you're going to hold for a while. And if you're holding for a while, there's a bunch of people who want what you have, what happens? Well, if you have a lot more demand and you have limited supply, what happens to the price usually goes up. So thanks CJ for letting us know about that. It's interesting. Let me know if you think this will make a big impact or not. I think it will. Let me know anything in the comment section. That's it for that. Let's finish up with a little shilling. So every time I talk about Cardano, people will always in the comments say, Rob, you're a shill. Sure. All right. So here I go. Cardano, just so you know, is now fully decentralized for block production, meaning state pools are now producing 100% of Cardano blocks before it was in the Cardano Foundation was minting. So this is the whole process to push it over all the way over to the state pool operators like we have in D news. And just real quick, for D news, we changed our description in our on our pool. So we talked about and if you look up the description of D news taking pool, it'll say this is the official state pool of digital asset news. And that's pretty much it. Oh, and Microsoft Azure was made available. We added a piece in there, which said that from now on, part of proceeds are 100 ADA. Every epic, which is every five days will be going to kiva.org for microloans to help disenfranchise people unbanked underserved throughout the world. And since we just had an epic that just completed, we of course did another round of funding to kiva. And this was this goes to young lady, lady in Ghana, where it helps her to support her business for switching by mustard and stuff for her mustard, right? Apparently it's very big and gone. And that's just what we do every now every epic. So that's what's going on. If you want to take a look at D news is linked in the description and also just so you know, for I want to add this real quick. Somebody asked me like, well, what's the best place to get passive income with crypto? It was a great website called stakingrewards.com. And it talks about Cardano 7%. It's a little bit of a plate of it. Okay. Polkadot 13%. And this goes through all the different ones that you can stake and get a ton of money or some of passive income. And the one that I didn't realize, which is something I own is terror. So I need to start faking that 41% crazy, right? So this one's called stakingrewards.com link in the description. And that is it for this video for today. I'm going to do a follow up later on about we came out of Puerto Rico was mostly for a vacation. But of course, we had a great opportunity to purchase a apartment and we did and went through the whole process. But I want to talk to you about later on about purchasing as far as like how it goes with the banks, wire transfers, Donald banks are created equal and also talk about just how we did things because when you're not liquid, sometimes you need to put up a loan and we took out a Celsius loan to help us pay for everything for this opportunity. And sometimes you just got to do these things to get the things that you want. All right. So that is it for today. If you like that video and found value, go ahead and hit the thumbs up that always helps out tremendously the channel. And if you like this content, consider subscribing. That is it for today. Thanks so much.