 Great welcome to the last set news that get top stories in crypto and bring them out of bite-sized pieces So today just as the thumbnail and title suggest there's a big problem and It's a big problem for the crypto market in general Not just for Celsius about what happened an email that I received this morning But in general the crypto market, so we'll take a look at the story That is Celsius bow is a knee and the problem with the United States Also, we'll take a look at the US inflation numbers are out of CPI and surprise. It's a little higher So that's the bad news and then we're gonna get into some good news some fortnight metaverse the NBA and Nasdaq pumping money into crypto or as far as a survey has been said and then when we get done We'll do five questions in five minutes. I'm sure you have a lot of questions after this one So hold your questions until the end and before we do that just know that if you're here for the live stream Welcome, I appreciate it but I'm here for the recording. There'll be timestamps underneath So you can skip around to whatever you want to news takes about 15 and 20 minutes Q&A is about five minutes and then off we go So let's jump into it. Shall we let's take a look at the market and let me just tell you one thing I was having a great day this morning great day this morning. I was like, wow, there's a lot of positive news I was pretty happy because the last three days I've been having some a Negative sentiment as far as like the thumbnails and the titles But I always give you two sides of the same story I tell you about what's going on and I tell you about the negative and the positive so you can make the best decision for yourself I am not here to be all a bunch of hope in and everything's gonna be fantastic And there are gonna be no bumps along the way and it's gonna be super smooth and to the moon straight shot Doesn't work like that. And if you're looking for a channel like that, I am not your channel So let's jump into it. So first of all the market not too bad today. I must admit We're up a little bit and there's a couple of noteworthy performances that you might see and That is well bitcoins out a little bit. That's okay. A theorem's up a little bit Spine and squins all both so long is up a good amount four and a half percent Cardano to have a lunch. Ta-da-da-da 17% for Shiba Inu 17% That's pretty good polygon 5% What's going on? Well just real quick Robinhood decided to add in Shiba Shiba Inu Solana polygon and compound and they were added to Robinhood crypto And then just just as this is like an off-brand type of thing But I thought it was interesting they stated as a safety first company Robinhood We have a rigorous framework in place to help us evaluate assets for listing and we remain committed to providing a safe An educational crypto platform until we shut things down because we don't want you to trade That's just that one. Thanks and pay for order flow Robinhood's chief broker officer Steve quirk said the addition comes after the company said last week it activated its crypto wall for 2 million eligible customers Making digital asset transfers broadly possible in a long Firewall investment, which is great. I gotta tell you that's that's good news the more exposure that we get I'm happy. So congratulations for all you holders. I don't own any Shiba Inu But Solana and compound yes and just so you know that's the 11th listing for all these different ones For all their rigorous approach for Robinhood, they have listed bitcoin. All right bitcoin sv Okay, sure, whatever bitcoin cash, I guess Polygon Shiba Solana compound dogecoin litecoin ethereum ethereum classic so I will leave it up to you to decide Why they listed those and what the uh positives and negatives are but that's not the whole point uh, the whole point is to talk about some other things and also I just so you know We had covered this yesterday, but as far as like liquidations and leverage plays if you went long Better luck next time. I know it didn't work out for you this time But long's got liquidated at the tomb of almost Half a billion dollars yesterday and again like I've said if you if you were shorting you're doing a pretty good job Actually, so for all those people that are leveraging out out the wazoo I mean, that's that's all you and if you're making money on shorting. Well Uh I can't fault you for making money I just can't but it does lead to a little bit of volatility. So you know, that's what's going on in the market Let's bring in to the big story Which is this one, uh, we talk about Celsius bowing the knee and Ah I gotta tell you again I was feeling pretty good this morning until I I was uh Do my morning exercises doing all the great things and then all of a sudden I get this email from Celsius I'm like, oh, it's ought to be interesting And here's what they said So let me blow this up so you can see it Uh, Tuesday April 12th. That's the day, right pretty sure. Yeah Dear Celsius And it was a nice way to say it today where we're writing to give our community advanced notice of upcoming changes Which will go into effect on April 15th, 2022 Three days. All right Celsius has been working closely with regulators around the world and that's that's great. I mean, look I've always said on this on the show. We need regulation. We need regulation I think it's important at least to clarify What crypto is do we know? Is it a security? Is it a commodity? Is it a currency? Just the basics will be nice, you know, and that's why I talk about it now regulation There's the opposite end of regulation which is over regulation and I give my example as of Like we can all agree that uh, it's good to have some speedings some speed limits in like a school zone Nobody wants to have a speed limit posted of 75 miles per hour in a school zone Kids get knocked over the place, right? So like first, let's define what a school zone is. All right And then just say it's about 10 miles per hour and then everything else off we go So there's always going to be mistakes. I think this is one of those mistakes as far as over regulation But it is what it is This is what we got so More specifically we have been in ongoing discussions with united states regulators Regarding our earned product. There will be changes the way our own product will work for users based in the us Here's how these impact you All coins transferred to sell CS by users in the us prior to april 15th Will continue to earn rewards. So a couple of things to make mention of here First of all, if you're outside the united states, this does not affect you whatsoever Again, if you're outside the us, this does not affect you whatsoever It's only people in the us and the reason why I bring this to your attention Is because it doesn't just stop there If they're gonna the regulators are gonna work their way into with block 5 They're gonna shut them down with not shut them down but shut down their their their earn rewards program Then they're gonna move on to sell CS and they're gonna say you're gonna stop that How far away are we from all the other ones that are out there? I mean I think voyager is next I could be wrong But uh, that's the next logical step that I see and that's why I think there's a good play for dex's essentialize exchanges and defy Hard to work into that But i'm getting off topic. So states here Okay, all coins transferred to celcius by using us as predator Those existing coins will continue to earn rewards from april 15th and onward for as long as they remain in their own account So if you have an account in celcius And you have already put a different tokens and cryptos in there as long as they're there before april 15th You're gonna keep earning for as long as they stay there. Make sense. Great On april 15th Celcius will be launching a new custody solution for users in the u.s Your custody account Will serve as the centerpiece centerpiece of your home for crypto providing a secure way to navigate across celcius's products Including store access borrow spend earn and grow Uh, great. That's awesome, right? Uh, and then New transfers made by non-accredited investors. Let me say one more time New transfers made by non-accredited investors in the u.s will be held in their new custody accounts and will not earn rewards Non-accredited investors can continue to swap Borrow and transfer within their custody accounts based on local jurisdiction So first of all if you're in texas, you can't swap anyhow. So good luck with that And if you're a non-accredited investor, then sorry charlie your sol So here's the next question you might have rob. What's an accredited investor? I'm glad you asked that question because here's what it is accredited investor In the u.s the term accredited investor is used by the sec under regulation deed referred investors who are financially Sophisticated and have a reduced need for the protection provided by regulatory disclosure filing. So what they're saying is You're a moron And you can't handle it So we're going to protect you and that's just how it is We don't care if you go gamble your life savings away But dang it you are not going to invest in these types of things We'll protect you till the very end Anyhow accredited investors include high net worth individuals banks insurance companies brokers and trusts And then moving down just to clarify. This is the requirement To be an accredited investor a person must have an annual income exceeding 200 000 or 300 000 for a joint income for the last Two years So if you in one year if make a million bucks in one year, they're like you're still a moron It's gotta be two years with the exception of running the same or a higher income in the current year. Great the income test Cannot be satisfied by showing one year of an individual's income And the next two years of joint income with a spouse A person is also considered an accredited investor if they have a net worth Exceeding one million dollars either individually or jointly with their spouse. So if you make a million bucks You're savvy make underneath that not savvy You're a pleb just sit back grab some bench. Don't get rich stay poor An intended an entity is considered an accredited investor if it is a private business development company organization with assets exceeding five million Again, when the five million you are in that golden zone However in 2020 the u.s. Congress modified the definition of an accredited investor to include registered brokers and investment advisors Maybe i'm being a little bit too harsh on this one But it sounds to me Like if you already have made some money Then you can make some more money But if you haven't made that much money and you see an opportunity You're not going to be able to invest into this There's other ways for you to do that but not here and not definitely not in the United States And that's just how it is. So that's what's going on But uh, let's jump back real quick and talk about the last points here Okay Loans all coins posted as collateral against the loan as open prior to april 15th will be returned to their earn accounts When their loan is repaid because I have a loan and that's nice, too Those coins will resume earning rewards for as long as they remain in their own accounts Verified accredited investors in the United States will be able to add new coins into their own accounts to earn rewards. So That's what's going on Before everybody gets up in arms I still think first of all you have to look at what selski has had to do here. Do you think selski's had a choice? as the regulators come down and it wasn't just the sec I believe these were different state entities That came down on them and said hey you got to stop doing this And they work with everybody as much best they could now here we are So that is the process that is going on kind of a bummer. However As time goes on I don't expect this to be the case. I expect them to Be very successful as time goes on just right now. It's going to suck And again with regulation That's what you get That's what you get when you ask for I ask for regulation and I still stand by it Is this a great example of regulation? Absolutely not. However, if regulation comes out and says, you know what? We're going to define these as securities great. They're all securities So now all these are from exchanges all you got to do is just register them as securities We're trading and buying securities right now On robin hood and they're also doing cryptocurrencies Securities Stocks equity those type of things If they want to say that let's just do that and let's just move on So then all the different financial institutions can go. Okay. We have regulatory clarity We can actually get in we can't give regulatory clarity by the community and has to come from these guys Whoever regulatory entities and go from there. So that's what's going on And that's where we're at and I will just say this I am an accredited investor And there is some there's a process that I have to go through for Celsius to Show that I'm an accredited investor not hard. You just put in some bank statements. That's it However, is that really fair that I get to do these things and you don't get to do these things? So what I'll be doing is I will not be submitting that paperwork Just to do all these things because why should I get an advantage and you shouldn't Just because I've made a little bit of money. Does that make me smarter than you more savvy than you? No Sometimes I'm an idiot ask my wife So I just don't see how this is fair and I see this is a big problem in the United States and that last thing I will say this This is not going to be very popular But in Russia The one that yes, there's a big war going on Ukraine at least they got one thing right When they came through and said we want to get regulatory clarity and here's the rules for investing in the crypto You know what they make you do? They make you do a test And if you can answer some some pretty much basic questions as far as like finances They allow you to invest the maximum amount Into what you want to buy into cryptocurrency All you got to do is pass the test that shows that you're smart or smart enough to know about financial literacy So just because someone made 200,000 I will tell you this Uh, my brother makes more than that and he's a moron and do you think that I would let him invest? Sometimes no, but uh, that's just how we have it here and that's the the problems and so on so far So let me just think about that in the comment section. Jesus crime any Christmas that was 14 minutes. Let's move on to our next piece us inflation numbers So this is a bummer, but we knew this was coming uh us inflation numbers are this You're going to hear about this all day. So I'm not going to spend a much time on it us inflation jumped 8.5 percent highest since 81 Uh labor department said tuesday that it's consumer the cpi Things that we pay for jumped 8.5 percent in march from 12 months earlier ouchy the sharpest year uh over year increase since december 1981 prices have been driven up by Not just money printing but bottlenecks supply chains that is true robust consumer demand And disruption to global food and energy markets worsened by russia's war against ukraine I can see that I can also see Of course, you know, the money printing is kind of a big thing. We have been printing a ton of money so just so you know The data that they got this was from the u.s. Bureau of labor statistics We had actually covered this a couple of days ago when we were talking about recession and the potential possibilities that that could come on the pipe in the next uh 12 to 18 months, but uh, just so you know here's Here's the 12 month percentage change of cpi as far as like food energy electricity taken at all and into account And here we are That's pretty high it looks like but remember it's not seasonally adjusted means they Adjust it for the time frames as far as like uh the time of the year Because sometimes we need a little bit more food a little bit more electricity these times But this is not seasonally adjusted, but we can definitely see That as things move forward, we are really picking up the pace As far as what we are buying and how much it actually costs Did you know you can even take a look at look at this? This is pretty the average price data For like bananas and ground let me see how much are bananas? bread chicken eggs milk What the heck is this? Wow beef was 533. It's crazy tomatoes Kind of hard to make out of the tomato coin. So Yeah, everything is going up and it is that is of course the situation that we are in and uh, That's the bad stuff. Let's move on to some good news. Shall we because I always like to If i'm going to tell you some bad news, let me balance it out with some positivity so we can go Oh, okay, the world's not on fire. So this is what's going on Uh fortnight first of all fortnight Or epic games I created fortnight raises 2 billion from sony and lego to fund a metaverse plan. So First of all, I don't know if this is a big big story and you'll see in a second. So this is what's happening Uh, there was 2 billion which the deal which is still subject to customary regulatory approvals Would bring epics equity valuation to 31 billion dollars Let me let that sink in epics epic That made fortnight. They have a valuation of 31.5 billion. You know Take a look at this for the crypto market As far as market cap like bitcoin 768 billion if there is 368 tether's 82 billion So Like we had the same like terra is almost there at 30 billion Cardano is 31 billion 34 billion for xrp And that one's going through a lawsuit an sec So all of these things like the top nine roughly and above They have roughly the same valuation as this pretty enormous global company. That is fortnight. I just thought I was interesting so Again, this is them creating a metaverse the question that I have is Is this a big thing for crypto because are they going to use their own crypto token? Is it going to be a metaverse where it's just like an oculus that they put on and people walk around and interact and they say That's a metaverse or what kind of metaverse are we talking about? Is it decentralized or is it more like a centralized metaverse that meta is doing over on facebook? So I can kind of see how it's like. Well, it's a metaverse Name only but is that a big thing for crypto and digital assets and for the tokens that you own right now I don't see it But I could be wrong. I'm on the comment section But at least at the very minimum we're talking about the metaverse and hopefully we go that route Sandbox the central and a different different products that are out there play to earn games and such So we'll see Uh, and then also to finish this up Just so you know nba's crypto chief registered second eith domain as league files for four nft trademarks So this to me this just shows a little bit more as far as mass adoption if the nba is getting to things uh, the league bought or is in possession of two ens ethereum name services This is going to be for web three domains nba.eth And the association nft.eth So we'll see what they do with that just because they own the rights And they have some trademark filings doesn't mean that tomorrow. They're going to do a bunch of stuff Look walmart did the same thing They filed a bunch of things for crypto and metaverse plays and nfts and that's a very that's a long play Just because you file something doesn't mean you are going to release something in like a week So don't get your your hopes up for i'm gonna be a billionaire tomorrow doesn't work like that but Lastly, this is the bullish news today Majority of financial advisors want to increase bitcoin exposure. This is a nasdaq survey. So Here's what's going on a survey of 500 financial advisors, which I am not one of those saw 72 percent desiring to invest more Into bitcoin and brothel crypto sector If a bitcoin spot etf was approved debatable, but maybe who knows Those surveyed are already invested into bitcoin or other cryptos or are highly considering allocation to the asset class Less than nine percent of advisors are confident in their ability to expertly advise clients within the asset class Let me say one more time Less than nine percent of advisors are confident That they can advise their clients within the crypto asset class because it's difficult. I'll be honest with you Even us who are here 24 7 365. It's even difficult to to pick those winners But this is known in educational gap between traditional finance and an emerging monetary system. I will just tell you this Where I see that's this problem. I see a massive opportunity for education for getting into these advisors into these offices educating them so they can educate their Investors I see an opportunity for some one some group or something to go in there and Provide that education. Who knows This was a great Quote from jack rapaport head of digital asset index He says over the last decade financial advisors have been focused on shifting assets into index funds As they incorporate digital assets into their investment strategies They're expressing strong interest in a similar vehicle that can offer broad asset class exposure for their clients So, you know, it'll be great. You know, they have the s&p 500 Uh, who was it was it raid dahlio? or paul tour jones Wasn't it It was somebody who talks about they said when their friends ask them about like what they should you know invest into They said just get into the s&p 500 because yes, you're gonna get a lot of amazon Yes, you're gonna get a lot of microsoft. Yes, you're gonna get a lot of tesla But those are the best performing businesses so like for me Like I wish there was like a like a crypto exchange is just says hey, here's a fund Or here's if you don't know anything about crypto here's our I don't know like s&p s&p of Of the top 10 cryptos and then as these start to jockey for position because you know I like sometimes avalanche will be in the top 10 and then it'll drop down And then poke it out will regain something that could like put the money into it as these start to fluctuate I think that'd be the easiest way just to get in the top 10 and just go from there Why not because that would be exactly the talking about here and you know to finish up Nasdaq survey found that 86 percent of advisors who pre-allocated a bitcoin or the crypto plan to increase Over the next 12 months. That's good news Next 12 months. They want to buy more while none of them intend to subtract from their portfolios And just a little note here this survey this survey only represents a small portion of financial advisors I mean 500 that's that's what a sample size is for It is still undeniable that professionals entering the space quickly discern value For their investors and latched on for the long haul and my let me just say this If these guys want to have their their clients look at them like geniuses get into crypto I Not a financial advisor, but I've done an okay over the last four or five years If I were to put the same amount of money that I put in a crypto Into the s&p 500. Yeah, I'd be up But I'm way more up in the crypto and digital assets That's just me. So that's what we got. So like I know it's a little longer 23 minutes But a lot of things going on that's it for today's news If you want to stick around for the five questions in five minutes, you're welcome to do so otherwise Like and subscribe all that great stuff. I do appreciate you stopping by and now let's jump into 5q in five minutes and we go from there Who has a lot of stuff Thanks, there was two things I three things I start I starred in the very beginning This was a great comment. I should have brought this up Bruno says Celsius will succeed in the long run. I believe that to be true so Sometimes you got to bite the bullet and just go okay You want to work with us or work with you? We'll take this down and it's going to really bite but as time goes on We want to be the first ones that you guys give us the green light That's a very optimistic way and of course people in the comments are like rob's naive There's no he's talking about there's going to shut everything down. It's going to be awful. Ta-da-da. Sure. Okay Do you want to tussle with the sec? I mean you go right ahead Mark Cuban did and he did win. That's true Uh When they convicted when they uh charge him with insider trading look it up on google It's pretty funny story and he did beat he beat them like a drum actually, but uh didn't work so well for block fight just saying And donovan says i'm so glad the ssc protect me too man me too And it says the u.s. Government could have made a lot of money from taxes But instead they are pushing people to defy not too bright. That is the comment of the day It's true And it's the same thing i've been talking about as far as like when people say they're going to ban bitcoin and ethereum No, they're not you know much money they're going to make as far as taxing this as soon as they get some clarity It's going to be a boatload and right now with all that money printing guess what they need They need that money back how do they get that money back through taxes? And what's the best way to do that? Tax your crypto gains If you don't like it move to porto rico all right Let's see what else we got Uh This is a good question number one marty mccrypto rob bunch ever covered the developments metro in ripple case Taking xrp and eth out of the pick and isolating sc. They're a huge confidence between the real issue I don't do it because there's other people to do it way better than I do and uh, I've got the There's actually a lawyer who covers this every every every Week does a great job. I can't do it as well as they do it. So I just defer to them for the experts. That's why I Defy here I come. Yeah, thanks man. I appreciate it Just don't there's a like why do I like you don't get that. So why don't I get that? What else did I miss I think I answered all your questions because there's no questions One of the us become tyrants. We've already we've always been tyrants. Come on Hopefully this Hopefully this video isn't taken down Sales will go below a dollar. Yeah, maybe not for sure I mean, it is negative news. So I can't tell you the future, but it's not looking good except anything No What's up dj? We need a you and your brother interview that morning won't come on here I love them. He's dumb Uh question number two. Hey robin and comments the robin effect Robinhood seems to have a bigger effect than coinbase if you take a look at it And I think it's because they have so few cryptos. So if you want to Take a look at the next big one. Just watch robin. I mean, they only have 11 So it's a a very exclusive club. I would say so. Yeah, take a look at those as opposed to Coinbase it's question number three. Can I get a p.o. Box Puerto Rico? You might be able to but you still got to pass those tests and 183 days 183 days is a hard rule also, you have to buy property there And um, trust me if you move there, you'll love it. I did a video on it Just search digital asset news Uh, Puerto Rico and like two or three will will pop up watch the one with uh, anthony scaramushi and it's great um Place is great. The people are great. I will say this though. Everybody's like good looking and in shape So just to be aware if you're gonna move Like you want to be kind of like I'm trying to fit in as much as possible. Also, uh, learn spanish. That's what i'm doing right now so question Three, hey rob. Why credit investors rich people get to keep making interest on celsius? Because that's what the regulation states. They state that those people are savvy and intelligent and You aren't because you're not an credit investor You again, you can we don't care if you go into you know Vegas start blowing all your money. That's fine But don't invest Into these types of projects because You're not smart enough. That's what they're saying Again, I rush it hit it on the head. They go if you're smart enough to pass this test, we'll let you invest whatever you want to do Make sense to me Uh Now question before is next so a good alternative. I'm not sure what their earn program is, but it might be a viable option I'm going to be looking more at defy anchor protocol So Question is is a comment number four. I'm ticked off about celsius. I called the senate complaint Let's just continue to step in and throw the little people Look it comes out of this man What do you want to do like Forget you guys We're going to keep offering it and then they just come in and shut the whole thing down so then People who are already investing they're done for It would be very expensive. It'd be a very long long process and get it. They really had no choice And this is the industry that we live in right now And I think that's why Celsius went to celsius x some it's not a decentralized exchange, but you can wrap a lot of different things So I did a video with those guys. I need to release that But yeah, so if you're looking of who to blame I think celsius had their hands tied honestly Now they could have just went rogue and like forget it, but that would have been a good move and Let's see what else Don't defy unless you're damn good at math That would lead me out then Anchor protocol 19 and a half percent. I know and everybody loves it. It's not sustainable. It cannot be sniff. I'm not gonna bring it up. Thanks for the Thanks for the chat. I appreciate it, but no I try not to get political on this channel because it just drives people away And then last one Hello Last one is just a statement. We need better protocol risk insurance. I have to agree. They're gonna be a pretty good one All right, guys, we're going at 31 minutes. That's wait. That's uh, too long You guys got stuff to do and I got a bunch of stuff to do also if you're sticking around I want to give you a little secret Today on uh, Dan D gen channel. I'm gonna be talking about the next project. I think it's gonna be pretty big And that is fame mma Have you heard of fame mma neither did I but What they are It's a mixed martial art Organization and they're based in poland and there's and they're branching out into different areas of the the eu into spain france and the uk and things like that What they're doing is they're going they're having their utility token In which you'll be able to do that utility token is their play to earn game You're going to be able to interact with the fighters and also the fighters that are there. They're all celebrities or High caliber athletes from around that area And that token Is going to be used to buy the pay-per-view Showings for mma again for the nfts for the play to earn gaming for affiliates They're also going to pay their Fighters in the token and it's going to be a pretty darn big thing and i'll explain exactly why it is So if you want to check that out, there's a second channel. It's called dan d gen It's where I talk about used to be called dan clips We renamed it because we don't do clips anymore and we just talk about the new upcoming Projects and this will be pretty big and i'm going to explain to you why So that's it for today. So look like today's video give it a thumbs up also consider subscribing All things we talk about are time sensitive. That's it for today. So thanks so much. I appreciate you guys And i'll see you on the next one. Adios