 Welcome to Digital Asset News, the top stories in crypto and bring out a bite-sized piece. So today, just like the thumbnail suggests, everything changes for Bitcoin in seven days as it becomes the legal tender officially for El Salvador. So we'll take a look at what that means and what the ramifications are for the El Salvadorian people on top of what that means globally when this all works out. On top of that, take a look at Cardano smart contracts are going live on the test net tomorrow, and they'll be going live completely in September 12th. And then finally, we'll take a look at pro baseball or major league baseball or MLB here in the United States is going to be minting NFTs through tops cards, and it's not on the platform that you may think it's going to be. So we'll take a look at all those things. But first, take a look at what's going on the market today. Not too bad. Almost 2.1 trillion. We're just kind of fluctuating that area. So not a big deal. I'm just happy that it actually held, and I'm actually pretty ecstatic about what's going on leading into September and all this good news. Daily sentiment drops a little bit 46 out of 100. And we're using trade the chain for sentiment analysis just so you know. And then as far as like coins and price goes to the biggest winners today in 24 hours, well, XRP is up 3% and watch out 14% for Polkadot. And Solana was on a tear this morning, but it's just equalling out but still looking pretty good. Hex is down 2% that 12th spot. So good for all you hexologists. I know you guys love it when I even mention the word hex. Hex. Chain link is at 5%, 2% for Stellar. And again, this is the trade the chain sentiment analysis. So if we begin to sentiment, I mean, if you're beginning to trading, I mean, it's great to have no technical analysis and also fundamental analysis. But it's also good to have the trifecta in your toolbox, which is sentiment analysis. So over the next hour, I'll look for these to really shoot up Rary, governance token, DeFi money, scale, waves, keep network, grin, and Orion protocol. Interesting. So that's what's going on in the market. Let's jump in today's top story. And we're going to go, we're just going to talk about this El Salvador and everybody was super excited about this. And I'm still super excited about it. And I really kind of just fell to the wayside. But I think we really need to realize that, hey, in a week, this is going to happen. And the entire government is going this way. Now, how big is El Salvador? Well, the total population is 6.45. And then there's different numbers that go through there. We're talking about children and, you know, of age, adults or whatnot. So we'll say around between 4.5 and 6.45, depending on what you're counting. So not a small country. And they actually just released this today, a matter of fact, on Twitter. And it talks about actually, I'm sorry, yesterday, and it talks about what's going to happen on the 7th of September. Now, it's all in Spanish, my Spanish, I'm better at speaking Spanish than understanding Spanish. That was much better at that here in El Paso. But real quick, this is what's going on for the piece. And I'll just say like this, that pretty much what they're saying is, hey, look, it's going to go live on September 7th, you're going to have Bitcoin or cash, they can kind of roll in whatever else you can buy whatever you want. And you're going to put it on this, I'm going to blow this up so you can see what I see. This is the Chivo CHIVO app. And what it's talking about here is it's saying, hey, we want you to use this app. And you can use pretty much whatever app that you want to, and we're going to keep this going for prices, dollars and pensions, that'll be in US dollars. But for everything else, you can use the Chivo app. And that's what it's going to be as far as like transferring and getting paid in Bitcoin. You can, when you get paid in Bitcoin, you can immediately transfer it over. That's fine. You can use whatever different app that you want in Bitcoin. But if you use the government official Chivo app, we're going to give you $30. Now, in an article we're going to look at pretty soon, it says $30 in Bitcoin. In the video, it sounds like it's just $30 US dollars in Bitcoin or $30 USD. Whatever it is, let me just tell you this. If you are living in El Salvador, okay, and someone says, I want to give you $30 just to use this app. Well, we have that here in the States. We have it, you know, for Voyager, we have it for Coinbase. I mean, I don't know, Coinbase, Binance and things like that. Well, not even Binance. Well, Binance US, I suppose. All the different ones that are out there. But if you're in El Salvador and your gross income per capita in 2019 is $4,000 and someone says, I'm going to give you $30 just to use this app. I'm pretty sure you're going to use it. Regardless if it is the government app or not, $30 is $30 and you're making $4 grand a year. That's all I'm saying. So I think that was a smart move on El Salvador as part. And they're going, hey, look, use our app and we can track everything that you do on the blockchain. And that's just, that's really what it comes down to. And again, it just talks about you can do, you know, buy whatever you want to and so on and so forth. So also in the video, it talks about how you're able to, there's no fees to process the payment. There's no fees for remittances. I think that's the big thing of why they're doing it like, look, if you want to send money back to your family here in El Salvador, just send it on the Chibo app and you can just send it without any type of like Western Union crazy high fees or Wells Fargo or whatever banks that are over there because you know they charge crazy high fees just for remittance payments. So I think this is going to go swimmingly well. Now the thing that concerns me personally is what is going to actually have to go on when we're talking about with the IMF. And here's talking about remittance payments again. So let me just move forward. The thing that I was questioning actually was how much is actually, did El Salvador actually purchase for Bitcoin because they have to purchase Bitcoin for everything to be sold and purchased and everything else. And then of course, if they're going to pay people in Bitcoin, so this is from a deli hodl and says El Salvador to buy an estimated 135 million worth of Bitcoin. And this was back on June 27. So right away, this has already been priced in. This isn't the big thing. This isn't the big thing. It does say here if all four and a half million Salvadorians out to receive the free Bitcoin, it could instantly grow the Bitcoin user network by two and a half percent. According to the president, one of the central reasons is introducing Bitcoin as legal tender, of course. So when you have something like this, the big thing that it really comes down to is all different types of countries in Central America, South America, poor third world countries, as you call them. They're going to look at this pretty hard. And they're going to say, look, if we can have a lot of our citizens who are completely unbanked, if they're able to get into Bitcoin and just use an app and then be able to store wealth in an app, as opposed to going to the bank where they have all the fees, where they're not actually doing much for our citizens. Anyhow, I think we're going to go for this on top of the fact that if you have people who move out of our country and they go throughout the world into other countries like United States, like Canada, wherever else in the EU, and they are sending money back to family, friends, relatives, whatever else. And it's crazy high remittance fees. Well, let's just have them do that in Bitcoin and for no fees as opposed to using a bank, doing a wire transfer, spending 20, 30, 50, whatever, how much dollars it actually is, waiting all that time to actually go through. And oh, not to mention the fact that there's also a failure rate for remittance payments. So as you send all the money back to your family and they're like, oh, we didn't receive it, that's kind of a problem. So I think what's going to happen is that everybody's going to take a look at this. If this works out pretty well, you're going to see mass adoption in all types of countries. And they're going to take a real hard look at this. And if that happens, what do you think is going to happen to the price of Bitcoin? And not just Bitcoin, maybe other cryptocurrencies and digital assets as people are like, why do we need these central banks? And why do we need all these different banks that are just pretty much robbing our citizens of money here and there? And then not to mention the fact about DeFi, decentralized finance, digital IDs and everything else. So let me understand about that in the comment section. Let's move on to our next piece where we talk about Cardano smart contracts. So in a nutshell, there was a great video. It was put out by IOHK. And what it talks about here is everything that's going to go on tomorrow and tell September 12 all about smart contracts. So let's just take a listen real quick. Well, let's start with where we are right now. Lutus is ready. The Daedalus wallet is ready. Everything is all packaged up. And as of now, it's been confirmed that we are ready to hard fork to the Cardano testnet on Wednesday, September 1. Once we've hard forked the testnet, then we can start testing everything that was inside that package we just updated in a live production environment. We'll be running our own tests and inviting others to test as well with the main goal being to test for stability, security, testing that the foundational code to write smart contracts is working properly, and all the other miscellaneous things that need to be done to ensure that we can confidently hard fork to the main net. This is also the time in which 140 exchanges will be switching from Alonzo Purple to a live production environment in preparations for the main net launch. So what is the main net hard fork? It's currently set for Sunday, September 12. And this gives our testnet partners roughly a week and a half to ensure that everything is running correctly. And there are no fundamental bugs or issues that for security reasons could mean the date needs to get pushed back. So that's where it's said right there. And these are interesting times. So what's going to happen tomorrow? Testnet. I'm going to give it about a week, a week and some change to see if they can break anything as they invite more people in. And if they can do all their checks and balances and make it to the end and go, yes, all the things that we did, all these peer reviewed papers, all the testing that we've done, all the time that we've taken. And now we're at that finish line. And we've tested it rigorously. Yes, now we can go live with the main net launch on September 12. If they can do that, and this happens, expect the price of Cardano to skyrocket. This is just investment opinion, not investment advice. Do not put your life savings and sell your kidneys to put it all in Cardano just because some YouTuber said that the price might go up on a main net launch. But for me, I can tell you, this is part of the end of a very long journey for Cardano. And we'll see if they can do exactly what they said they could do. And this is on top of the fact that Charles came out just last week and said, look, we had a go-no-go meeting, round robin table meeting, and all our checks and balances went green light, green light, green light, all things that we thought could go wrong, did not go wrong. And we are pushing forward to the Testnet. Here we are, the Testnet. We're going to push forward and hopefully main net launches for smart contracts, which could lead us into DEXs and decentralized finance. Imagine what that would look like. All right. So that is that issue for Cardano. Also, I found a little piece I'm going to actually link this in. This was from Pat at Amdreamer and he talks about Cardano wealth distribution. Let me blow this up so you can see it. And it's all about the amount of wallets that people have and how much Cardano they're actually holding. And I got to tell you, if I'm looking at this pretty correctly, we've got a lot of people with just a thousand, a 10,000, 10,000 to 100,000, 19, 26%, but it really drops off after that. There's not like four wallets that control 50% of everything. This is a pretty looking good, decentralized type of wallets. Now, it is true that some people like myself have more than one wallet floating around. Maybe you got three, five, 20, I have no idea. But just take a look at this. You can take a look at other projects. And there are still wallets, five, six or seven that control the majority of all the different tokens. And that, my friends, is not a good plan because all those people can just start dumping. And yeah, let me just think about that in the comments section. And let's move on to our last piece, pro baseball and NFTs. And this was just a quick one. It's tops, tops and veils. Tops is when I was a kid, I used to collect baseball cards and tops was like the only player around. They've been with the Major League Baseball for two decades plus. And they are saying, hey, we're going to do an NFT series now minted on Avalanche blockchain. So real quick, I'll just wrap this all up. Tops is averaging Avalanche blockchain after the company was using the Wax blockchain for projects like Garbage Pail Kids, which is something I remember as a kid too, and Godzilla series. And then it says the site removes the need. This is the top site removes the need for special wallets or token apps and provides a single location to buy, sell and explore official licensed tops NFT collection. Here's the website itself. So we actually did a deep dive, deep dive on Avalanche. And I said it was going to be big. I've been, I've been delving into this for over six weeks. And I finally got one of the team members, Jay Kurahashi, Sofu on, and we went over everything that has to do with Avalanche and why I think it could be great. But one of the big things that I talked about was that they're doing a two-fold bifurcation. They're looking for to get into heavy into the private blockchain sector, retail people like you and me, and also the private blockchain sector, governments, Fortune 500 companies and stuff like this. So when you have something like them going after two different ways, that's double your pleasure, double your fun, because they can dip into much more of a market than say another different type of cryptocurrency who's only doing public blockchains. And hey, I know if people don't like it, but guess what? Sometimes government and Fortune 500 companies have stuff they don't want to reveal. So maybe they need like a little private blockchain. I think there's room enough for everybody. Anyhow, that is it for that section. Also, if you want to take a look at the deep dive, I'll link that in the link in the description below. Also, just so you know, over on DanTeachersCrypto.com. If you just scroll over to staking up here, they were two, we have two staking pools, Cardano and Abax. And we got Abax, it talks about how to actually stake with the Avalanche blockchain. It's pretty simple. The only problem is is that they have lockup periods between two weeks, two months, six months a year, but it is a lockup period just so you know. And I explain all that in the video right down here. So that's it. So look, that's it for today. And if you made it all the way to the end, I want to say first of all, thanks for sticking with me all the way. I appreciate it. If you like that type of video and you found some value, give it a thumbs up. That helps tremendously. Also consider subscribing, loving to talk about our time sensitive. And that's it for right now. So thanks so much for watching. I appreciate it. And we'll see you in the next one.