Crypto News: Big BNB and Solana News

Crypto News: Big BNB and Solana News

all right guys hello hello yeah paying
taxes is actually in the Bible like uh
you should pay attention to authorities
and also give to Caesar what Caesar
someone directly asks is it a sin to pay
is it right to pay taxes and Jesus
basically said give to Caesar what
Caesars give to Gods what gods so no
paying taxes is actually mandated in the
Bible also money changers aren’t Tax
Collectors they’re people that doing
they’re people that are actually doing
business in the temple
grounds so yes we have B&B news and we
have uh salana news B&B news is good
salana news is pretty good as well um
they nothing that would change price
immediately but they are actually they
are very very good
news especially like uh for the
long-term aspirations of salana BNB like
you can just do more stuff with BNB get
like more like uh staking and stuff
which is all always good so let’s
actually start with uh let’s actually
start with the B&B
stuff dude stop looking at the the bsta
stuff man that’s that doesn’t really
matter I mean we’ve been swinging in
this range for a long time it’s like if
you don’t we we’ve been we’re we’ve been
between like uh 65 and they we’ve been
between 600 like 60,000 and 70 7
70,000 for like the longest
time actually before 1913 it was mainly
rich people that paid taxes they just
made it so everyone pays taxes right off
the payroll because like they like you
were paying like excise taxes and stuff
and that’s really like generally
businessmen and rich people that PID so
they just kind of made it where everyone
paid uh ETF starts trading on Monday or
Sunday it should be Monday or Tuesday I
don’t I don’t exactly remember which day
but it should be Monday or Tuesday
hopefully like you know I definitely
want to see it though like the ETF would
be like a Big Boon ETF would definitely
be a Big Boon for
us so yeah that hopefully that makes us
go up I don’t have too much expectations
for the Hong Kong stuff but hopefully it
does make it go up for
us uh can turn just pointing it out yeah
I mean the market I don’t think the
Market’s paying any attention to TA
right now like you know as bearish as it
gets like 60,000 is kind of the bottom
line we’ve bounced up from it several
times Hong Kong exchanges start I am
afraid I am a little bit apprehensive
though because we dumped a lot on the
stock market today and crypto might
follow tomorrow that’s really what I’m
afraid of other otherwise than that I’m
not really that afraid of it because
generally like it it sometimes there’s a
delayed effect Hong Kong exchanges start
yeah but for us it’s uh 9:00 to 10 p.m.
so it’s ESS Tuesday I think people are
expecting a I think people are expecting
a lot from Hong Kong and I I I do think
people are expecting a lot from Hong
Kong and I I’m unfortunately I think
people are going to be disappointed from
the Hong Kong stuff I I don’t think like
uh I think they’re expecting way too
much uh from Hong Kong CU like I don’t
really know what number is going to come
out of there Hong Kong is not all of
China a lot of the Chinese businessmen
do um invest through Hong Kong but I
think people are expecting way too much
of it uh way too much from Hong Kong
itself we did pump last weekend sure
last weekend’s pretty I mean we did pump
last weekend but then we kind of went
back like we were at 66k now we’re at
64k but I I wonder if there’ll be like
some excitement with the Hong Kong stuff
coming I’m hoping it causes a little bit
of a pump at least cuz like I I think
like with prices stuck in this range
like less and less people are actually
interested like less and less people are
definitely interested like since we’ve
been stuck in this range for a very very
long time or just like at least a month
like people like people expected when we
busted through the new all-time high
that we would just keep going up and
that didn’t really happen those on runes
the new Alpha dude like seriously the
the
um the whole Doge to the so like the
ruins thing is going to be a disaster
for Bitcoin like I think temporarily it
might have some good investment inside
but like longterm wise the ruines thing
is like a disaster for
Bitcoin absolute like absolute disaster
for Bitcoin because like it’s going to
jam up the blockchain so much Bitcoin
simply does not have the Bitcoin simply
does not have the capacity to be
anything else except for a store of
value and that’s really what it should
be a store of value that’s a pretty good
use case like I I think they going to
make I think they’re going to make
Bitcoin completely unusable though cuz
like we’ve seen what happens with
ethereum when they try to when they try
to do stuff on it and bitcoin’s like way
less scalable than ethereum but people
are obsessed with trying to build on
bitcoin but realistically the way
Bitcoin is designed it’s literally just
meant to be a store of value it’s not
meant for lots of
transactions lots of transactions is not
like something Bitcoin is good at it’s
going to be extremely expensive and it’s
going to make everything bogg down
hopefully it doesn’t crash the entire
Bull Run or maybe they’ll like um or
maybe
maybe it won’t crash like uh maybe like
um like people will find they’ll just
put everything on Lightning but but
there’s a lot of things they can’t
actually put on Lightning unfortunately
so it’s it’s kind of a tricky situation
Brazilian Neo
Bank uh new bank introduces new crypto
wallet features in Bitcoin other and
salana nice
nice building is it good because more
activity no I mean like if Bitcoin was
one of those blockchains that can handle
a lot of activity it would be good but
Bitcoin is not a blockchain that can
handle a lot of activity it’s gonna it’s
going to bog down the Bitcoin blockchain
it’s completely going to bog down the
Bitcoin blockchain like there’s a reason
that why I’m against building on bitcoin
and it’s because Bitcoin can’t handle
building on but
regardless uh track brc2 need to meet
big pran Benny I mean I’ve seen brc2
I’ve also seen what it can actually do
to bitcoin you’re you’re like they’re
not going to build Bitcoin entirely on
layer 2 like on a layer two solution
like they tried that with ethereum but
people still build on on base Bitcoin
it’s going to be it’s going to be a
serious
problem it’s it’s definitely going to be
like a really really big problem in the
future um but looking at the chart it
does look bearish that’s because we’ve
been we’ve been stuck in range for a
long time
building is bad it’ll clog the network
yeah Bitcoin is simply not built for
that stuff at all like you can build a
bunch of layer twos but there’s a
there’s a limited amount those can
actually do for Bitcoin itself like
Bitcoin was built on Old architecture
and it can handle roughly 7 to 14 TPS
the base chain can’t can’t ever handle
more than that they try to segt and
other things and I think that’s part of
the reason that like uh coins like bch
and bsv came along cuz the blocks were
too small but having the blocks be
bigger causes problems as
well somehow I think altcoin season
starts today no I don’t think so pass
the 25% unrealized gains to loophole
dude they’re they’re not going to pass
that bill that that bill is never going
to pass like that that can’t that won’t
even get through the Democratic con
Congress like not like there’s not going
to be like there’s a lot of there’s
going to be a lot of Democrats that vote
against it building tap you need to go
to track Discord
yeah it’s a layer two it’s he’s
basically doing like a layer two
solution I mean the blocks for Bitcoin
are only so big and there’s it’s 10
minutes a block that’s something you
can’t change buy underappreciated or
[ __ ] assets with 99 price down enjoy
government paying 25 back to you um
that’s it’s limited to $3,000 a year
first of
all it’s it’s really limited to like
3,000 bucks a year uh on on the losses
and it’s not buying underappreciated
assets you have to buy the assets and
wait for them to go down
99% that it doesn’t quite work that way
it doesn’t matter if you buy the assets
while they’re it doesn’t matter if you
buy the assets when they’re already 99%
down you have to buy them before they go
down and no one’s willing to do
that they build the BTC layer 2 that
doesn’t go through the meme pool it’s
going to scale a lot
better I mean maybe I I I think Bitcoin
scaling is very very limited like
lightning does okay honestly but any
kind of like layer 2 is going to be
pretty centralized when you build it up
any kind of Bitcoin layer 2 is going to
be fairly
centralized which honestly like may or
may not matter to people you
know but there are just better pools to
build on besides
Bitcoin uh doesn’t it have to route
through the meme
pool I I I thought it did but maybe
there’s a way around I I I think I think
pretty much it all has to go through the
meme
pool look Bitcoin just like Bitcoin is
just not made for that
stuff uh custodial
nodes I thought everything had I
actually thought everything had to route
through the Mee
pool but anyways let’s talk about um the
BSC stuff because that is actually uh
you know for those that are on BNB this
is actually decently good news pretty
good news actually actually um so
they’re actually they’re finally doing
liquid staking on B&B they’re doing
they’re doing liquid state
uh yeah but treat you have to lose more
than
$3,000 to get the
$3,000 from the
government you have to lose like $99,000
to get the $3,000
rebate so it’s it doesn’t exactly work
no one’s going to go ahead and lose a
bunch of money just to get a rebate
so uh the B&B news like BS they’re
they’re going to have liquid
staking um which means you can actually
stake with B&B and do other things so
basically like BNB one of the largest
smart contract enabled ecosystems in the
crypto
environment uh has announced the
inclusion of native liquid staking in
its BSC blockchain the new feature aims
to allow validators to secure the
network and maintain the liquidity of
assets while ecosystem abandons the
beacon chain so yeah so that so BNB is
going to abandon the E uh the beacon
Chain by June it’s going to move
completely to BSC and it’s going to have
liquid staking so that’s going to be
that’s going to be like really awesome
for people that want like double profits
via staking and yield farming or staking
and staking so liquid staking coming to
B BSC um I think that’s a lot of people
have been working with that and I think
it’s going to make BS uh BNB probably
even even more attractive than it is now
obviously BNB is still making the moves
uh technically without CZ although like
I’m pretty sure CZ is involved through
his wife because his wife still runs
binance so yeah um really really good
news for really good news for BNB the
other part is uh
salana um
salana has pretty good news as
well and uh it’s seeing drastic increase
in institutional portfolios so more
institutional investment is coming into
salana so coin shares found a
significant increase in hedge funds and
uh wealth manager survey respondents who
have allocated salana compared to
earlier this year so institutional
investors appear to be broadening their
exposure to altcoins including salana
which has seen a dramatic increase in
allocations from wealth managers and
hedge funds says coin shares investors
are more optimistic for salana the asset
manager’s head of research James
Butterfield in April 24th based on a
survey of 64 investors with a combined
600 billion in assets under management
nearly 15% of surveyed investors said
they had invested in salana so like
usually it’s like 90% Bitcoin and
ethereum so salana is making some gains
in terms of institutional stuff so
basically if you look at um which assets
have you invested into you have Bitcoin
ethereum multi asset salana polka dot
cardano um xrp polygon and other I don’t
really know what these little so like uh
so so basically the diamond is the
previous survey on which assets you’ve
invested into so like the amount of
people the percentage of people invested
into Bitcoin is actually like lower the
amount of people invested into ethereum
is lower multi asset about the same
salana about the salana has had a
massive massive increase polonite has a
slight increase cardano is pretty much
exactly the same xrp it looks like no
like no one survey actually invested in
xrp that’s dropped polygon is basically
nil and other is about the same so
salana looks like it ate polka dot xrp
and maybe like Bitcoin and ethereum’s
lunch I’m not exactly sure who they uh
who who they surveyed but the the thing
is like it goes to show you that like
the there’s a broader vers uh range of
coins people are investing into and
salana is the actually is the one
winning out so so basically like
um so basically like uh they did they
did a big survey of a bunch of uh crypto
investors or a bunch of investors um
asking them like which crypto they
invested in and essentially like Salon
went from like 0% to almost 15% while
xrp like dropped from 5% to 0% uh
Bitcoin dropped from like 29 to 26 I
think ethereum dropped from about 28 to
25 so like you can see that salano was
the big Gainer Butterfield noted xrp has
seen a significant decline with none of
the Sur survey respondents holding it
now compared to January survey despite
the surveyed institutions not holding
xrp in this survey investment products
with the cryptocurrency do see
allocations uh with coinbase report
showing minor inflows of 1.3 million to
xrp products for the week of uh April
19th so there’s still some inflows to
xrp but generally on the survey almost
no one invest Ed in it polygon is still
all at zero I think there’s like 1% or
something but salana has definitely
grown up meanwhile salana was third when
ranked by the most compelling growth
Outlook with just under 15% of
respondents agreeing a bump up from over
10% of the same survey in January so
very very um and this is like from hedge
funds so this is like from like like uh
from the hedge
funds so Bitcoin however remained the
Investor’s top spot with
41% agreeing
so like bitcoin’s obviously number one
ethereum’s number two if you look at
like um the survey like which asset do
you think believe has the most
compelling growth Outlook obviously
Bitcoin and ethereum are still there
like ethereum’s dropped down a little
bit because I think the SEC is I think
people know that the SEC is going to is
going to reject ethereum ETF salana
obviously like you know has gone up um
the rest of them are pretty low right
now you also have like polka dot cardano
and none of them basically taking up a
little bit but like none of the others
really factor into this current
portfolio positioning um basically like
you get a look at that but basically
like I uh of the new investors recently
salana has taken a big upswing in like
hedge
funds now that’s not to say hedge funds
have a lot of salana hedge funds like if
they have crypto it’s mostly Bitcoin and
ethereum but more of them are looking at
salana and more of them actually have
salana now so that’s what we are right
now so like salana is looking very very
uh a lot more bullish than other than
other cryptos when it comes to like
hedge funds
investment that’s uh that’s where
they’re going with that not saying that
salana is almost as big as Bitcoin and
ethereum because it is not also there
might be a massive buy signal for a big
transfer um crypto analysts believe that
large transfers could have a big impact
depending on where the capital is being
deployed a total of 1.3 billion usdcoin
in transfers from App parent well
addresses to crypto exchange coinbase on
Thursday could be a potentially giant
Buy Signal for
Bitcoin according to Market observers
usdc moving onto exchanges is a giant
Buy Signal as the saying goes on the
internet money printer go bur yes
they’re treating stable coins as money
printer go Bur because a lot of times it
kind of
is the five transfers totaling $1.3
billion with amounts ranging from 150
million to 350 million were made to
coinbase on April 25th at 815 UTC
according to other scan data um Traders
often view large stable coin deposits on
exchanges as as a bullish sign
indicating possible large buy orders in
the near future while significant crypto
deposits on exchanges can signal a
potential selloff so because there was a
bunch of USD
basically transferred onto salana $1.3
billion people not salana on coinbase
people do actually believe they’re
planning to buy crypto with that $1.3
billion so maybe that’s a Buy Signal if
it is a Buy Signal it might come Monday
of course uh whale movements are never
guaranteed indicated of the crypto
Market a lot of attention gets paid to
whale movements but we never really know
what they are doing 1.3 billion is a
good amount of capital but it depends on
where it is being deployed it could be
OTC or other things as well but if they
do buy even with a significant portion
of the 1.3 billion we could actually be
going
up Davis also pointed out that Wales
might Place limit orders instead of
instantly buying assets by the ways
Wales almost always Place limit orders
they never buy Spot
orders limit order a limit order will go
in creating a buy wall that will act as
a layer of price support for the assets
however he warned it is never def
definitive how these large transfers
will impact the market obviously it’s
not going to to be definitive meanwhile
Jong argued the market could sh shift
positively a if a significant amount of
funds were to go into a single crypto
token as we would see additional
liquidity help move the price of other
cryptos up um I definitely think if it’s
like bit it only really helps all the
other coins if it’s Bitcoin so if they
if the whales are planning to buy a huge
amount of Bitcoin then yes it will shift
the entire market up although he is
doubtful an investor would see the
benefit of doing so doing uh due to
overexposure risks if this amount were
deployed into a single altcoin with a
$100 million market cap it would
absolutely Spike the price but I highly
doubt they’re going to do it for a
single altcoin because that wouldn’t
really make any sense but I can’t
imagine any well in their right mind
doing this as it would make it nearly
impossible for them to be profitable
doing so if it was used to if it was
used to buy Bitcoin it wouldn’t have a
similar effect obviously because Bitcoin
has a lot more liquidity and it takes a
lot more money to move Bitcoin so
yes the thing is like there might
actually be a large there actually there
might actually be a large buy of Bitcoin
for
that like there might be like $1.3
billion transferred to coinbase um and
that could actually be used to buy
Bitcoins harar thoughts so the harar
partnership was obviously not a
partnership hadera clarified that like
the partnership was not a partnership
like they they didn’t really have
anything to do with decision um they are
tokenizing $25 billion of uh um of black
Rock’s IC treasury on hadera that much
is true but that was really AR’s
decision and it had nothing to do with
black rock Black Rock just didn’t say no
to the decision but Black Rock did not
like you know it wasn’t Black Rock who
said yes to the decision either so uh we
got to get that cleared up like Black
Rock wasn’t like oh we have to have ARX
or whatever we have to have hia or
whatever but ARX decided to use hyera so
it wasn’t really a black rock
partnership as much as an as much as an
arcx partnership however you are still
you are still um tokenizing a bunch of
uh treasuries on uh
hia I mean that’s why had that’s why
harar dropped a lot since then because
people actually thought it was a
partnership between Black Rock and harar
but it wasn’t a partnership between
Black Rock and harar it was ARX and
harar and black rock basically like just
didn’t say no now Black Rock was aware
of it they they’ve actually they’ve
actually confirmed that all parties were
aware of it so Black Rock didn’t oppose
but they didn’t actually they weren’t
the ones making the
decision try longing and got liquidated
more yeah dude you don’t chase the green
candles man like even if the even if the
partnership was a partnership with black
rock it was going to retrace sometime
because like the like I said last time
they weren’t going to collateralize
harar to tokenize the fund so like
physically it doesn’t have any real
impact on the price no no I’m talking
about George like physically they don’t
like phys like physically they don’t
have any it doesn’t have any impact on
the price because you’re not really
you’re you’re not really holding any
shut up zero cool like like you’re not
really holding any uh har
bar like you’re not holding any H bar to
tokenize the product is liquid staking
on binance on on defi or the exchange
it’s going to be on BSC it’s going to be
defi
avac price
prediction use secur to launch tokenized
money uh that was Black Rock tokenized
on
ethereum he has to know better at George
is the market for some years dude I
don’t know if he’s just doing it for
Content or what but you don’t chase
those giants green they don’t you don’t
chase those giant green
spikes you don’t actually change Chase
those giant green spikes man anyone in
the market knows that you definitely
don’t long with leverage on the giant I
mean like it literally went up like 100%
why would you long something that just
went up 100% And I mean it’s not a meme
coin so it’s not like it’s not a meme
coin so it’s not going to have those
1,000% spikes it’s like a top 50 coin
with a pretty decent history like it’s
not going to get the th% spikes man it
just just
not yeah like you definitely don’t play
derivatives with green
candles is tipsy on streams so he felt
like
gambling I mean he has the money to
gamble people donate him a lot of
stuff I mean he has the money to blow so
whatever at least he’s using money to
can throw
away I mean like people donate him
enough crypto for him to do that stuff
sure mean he has the money to blow yeah
especially when it’s fake
news I mean
the the he said fud about the hia stuff
but the hia stuff isn’t fud it was like
it wasn’t actually a partnership between
Black Rock and hia it was Black Rock and
it was ARX and hadera but they’re still
tokenizing the
funds they’re still it’s not bad they’re
still tokenizing the funds I think
hadera is Paving it look I think hadera
is like laying a good base for defi they
need to go permissionless once they do I
can see a lot of growth in their
ecosystem like once they do I definitely
can like see really good growth in their
ecosystem but if they like they
definitely need to get get go
permissionless sooner rather than later
so that’s the thing for haera I I still
like I still really like hadera
though I still really like hadera and
despite the uh retrace like harar is
still at
um harar is still like at 11.7 cents
which is still like two or three cents
more than before the pump started so no
you shouldn’t have bought into the pump
fing into the pump is never good but I
mean if you held hia from before you are
still quite a bit up so it’s still like
a pretty good gain overall it just
pumped like way too it just pumped way
way too high and it couldn’t sustain the
price so it dumped but like it still a
pretty decent gain Ada going top three n
Ada needs liquidity man like Ada has no
liquidity at all well not no liquidity
but Ada has very little liquidity like
if the Ada ecosystem actually gets more
liquidity like can probably like it can
definitely move up a couple of ranks I
think eventually Ton’s Mo like if if
Ton’s pump is down it’s most likely
going to fall below ada8 but
like but but cardano like needs to move
up cardano needs to gain the
liquidity dude every coin needs
liquidity like every single coin needs
liquidity like the I mean like salana is
really the only Network that actually
has liquidity outside of outside of
ethereum and the layer 2
none of the other coins really have that
much liquidity some of them are building
it uh you have 25 unrealized uh for high
net worth individuals so I don’t really
know what high net worth net worth
individuals inails it’s probably like
people that have over $11 million in
assets or something like that but dude
those those kind of bills almost never
pass it it’s basically look he just
proposes those things to please the
farle and then they never pass he knows
it’s not going to pass
case so far is probably the best tra
like those things will never pass it’s
but also like it’s probably not going to
affect you because you don’t have you
probably don’t have $10 million or
something like no the the over 10
million the over the over 1 million was
like the 40% Capital tag Capital Tax uh
gains rate so he basically like wanted
to tax um all income like all investment
income above $1 million at 40% which
doesn’t affect 99% of people so if
you’re not making over a million dollars
it doesn’t actually apply to you I think
the I think the high net worth
individuals like it’s a it’s a net worth
of like 10 million or something like
that so it probably doesn’t affect you
either unless you actually have $10
million how are you going to tax
unrealized profits you can’t that’s why
that it will never pass Congress is not
going to let that through neither the
Democratic Congress or the Republican
Congress is going to let let that
through there is no way in hell Nancy is
going to let that through or like any of
the or a lot of the uh other Democratic
senators dude those are things just like
those are things just proposed to keep
the far-left happy more or less that’s
just not going to happen there are
countries that tax unrealized profits
yes but it’s very tricky to do in the
United
States if BNB and also like me El Ace
I’m not worried about it because I don’t
have $10 million and I don’t make over a
million dollars a year so for me it’s
not a big deal even if they pass it it
doesn’t hurt
me because like uh I don’t actually have
me and 99% of other Americans do not
have over $10 million and we don’t make
over a million dollars a year I don’t
really have too many prospects of making
over a million dollars a year either
right now so I’m not really afraid of
that thing that was the dumbest thing
I’ve seen about the unrealized how they
going to tax on
hypotheticals I mean critical thinker if
you think about it it’s kind of like
taxing per transaction on crypto cuz
like I mean that’s what the IRS does
they tax per transaction they don’t wait
for us to cash out into USD cuz like we
still have to pay taxes in USD so it’s
basically us it’s basically forcing us
to sell our cryptos for gains that
aren’t realized just because we’ve
swapped or because we’ve traded now to
be fair I don’t actually think most
crypto people that even even most crypto
people that actually report their crypto
transactions and taxes I don’t think
they reported like that but they’re just
making it hard on
themselves High Network worth no that’s
the like no that was the income tax that
was the uh capital gains tax when Prince
Philip OG High net worth has to be way
over a million it’s probably like 10 or
something like like the the other rule
was like the other rule was like the 1
million rule was for capital gains per
like if you have over a million dollars
worth of capital gains the first million
is taxed at 20% the above a million it’s
taxed at 40 that was like part of The
Proposal as well you saying that less
than one or yes less than 1% of
Americans earn over a million dollars a
year less than and it’s also a million
dollars in
profits yeah I I think it’s like a it’s
probably going to be like a like the
wealth tax has been brought up before by
Bernie of all people and of I mean I
guess that’s who you expect the wealth
tax has been brought up before it’s
never passed or had any inkling of
passing there’s like European countries
that that do have like a unrealized
profit tax and also like I don’t know
how many of them have a wealth tax
though in the on the $12 I made on
Costco hot dog I think you just have to
figure out what price you bought it for
and what price you sold it
at I don’t really know if it’s
Switzerland but there are countries that
that do have a wealth tax and there are
countries that do actually have an
unrealized gains tax say how how do you
even calcul let’s say a stock uh then
goes back to
$25 I mean if you do have un the thing
about unrealized gains is if you do
unrealized gains you have to take it you
have to take into account unrealized
losses as well and the government
probably doesn’t want to do that it’s
it’s really it’s a really a sticky it’s
really a sticky subject so I really
don’t think they’re gonna they’re
definitely not going to do it they’re
definitely not going to do it it just
doesn’t it doesn’t make a lot of sense
it really doesn’t make that much sense
at all
barter is an untra is untraceable isn’t
it yeah barter is impossible for them to
trace now if you like the thing is like
if you like are having huge bars where
just like bartering like giant
properties and houses yeah they’ll be
able to catch you but like if you’re
just doing small barers there’s no way
they can trace
it my country has Surplus tax if I have
more than 10 million net worth I pay 5%
on the expense net worth it that might
be how it works
they probably do but then like people
will have to people will start reporting
unrealized losses too and that’s going
to be a headache for the
IRS I mean the Scandinavian countries
are some of the richest per capita
countries in the world and they have
some of like the best socialized
Healthcare like the socialized systems
ever
they also have like a total of five
million people so it’s a little bit
easier yeah I mean
like look I’m I’m gonna I’m going to
guess like most cryp people who do
crypto don’t actually report it on their
taxes they should but they probably
don’t but most those gains are probably
a couple hundred dollars so it’s not
worth the IRS coming after them but if
you make millions of dollars in crypto
and you don’t report yet they’re going
to come after you cuz it’s not that hard
to track that is a small punishment for
being smart yeah richest country per
capita in
Europe um I think that would be
Luxembourg but if you if you if you uh
if you exclude the city states then it’s
probably it’s one of the Scandinavian
countries I forgot which one it was but
it’s definitely one of the Scandinavian
countries if you um if you take out
Luxembourg and like the city states
because the city states aren’t like
regular
countries lost and gained so many
different Salon to
calculate it’s either it’s either like
lonstein or Luxenberg it’s one of those
two because both of them have a really
high per capita income Central
exchanges Central exchanges help you
with taxes the uh the US version does
they do give you reports but I think a
lot of people just a lot of people also
just
estimate this tax thing probably won’t
pass no I I highly doubt it’ll
pass no well I mean midl it would be
really bad for crypto but if you really
think about crypto that’s kind of how it
is right now for crypto because you have
to pay like you have to pay per
transaction so if you’re a Trader it’s
you’re already kind of in that mess it
won’t it won’t really change for you if
you’re a Trader if you’re a holder yeah
it will it will actually affect you for
sure although mof it would actually
force people to sell at a profit
sometimes which
which coincidentally would actually help
a lot of people thanks man thanks the
donation uh what fetch uh have to do
after the merge to
ASI
um there should be
instructions what the
people uh fetch to ASI conversion what
do I think there’s no instructions right
now they’ll they’ll work automatically
with each
exchange uh but I don’t really know what
happens to the
wallets
so Ahi so there’s going to be an ASI
token exchange mechanism starting with
fetch as the base token of the alliance
the fetch token will be Ren named ASI an
additional 1.48 billion tokens will be
minted with 847 million ASI allocated to
AG holders and 611 million ASI allocated
to to Ocean holders the total supply of
ASI tokens will be 2.63 million a
snapshot taken Monday March 25th in 2024
shows a summary blah blah blah uh token
holders will receive blah blah blah um
what act as I am a fetch holder what
action should I take fetch holders don’t
need to do anything right now with the
announcements with the with the
announcement live each foundation will
speak to business partners answer
questions from the community and start a
plan to the next steps their first
priorities to execute the token merge as
mentioned fetch token will be the
reserve currency of the super
intelligence Alliance blah blah blah um
holders of ocean and AIX will need not
do anything right now the exchange rate
between fetch ASI and ocean ASI and agx
is fixed and the swap mechanism will
remain open indefinitely so users can
choose to swap tokens at their Leisure
um so they don’t really need to do right
now they’re going to open up a they’re
going to open up a swap somewhere in
there if you have ocean and AG tokens on
the exchange no action is needed we will
work with each exchange to ensure a
smooth conversion and your Holdings will
automatically be converted into ASI
tokens directly by The Exchange if you
hold uh Ocean or ax outside an exchange
and want to convert them to ASI tokens
please see the next paragraph So ocean
agx tokens in hard wallet are offline
for those of you holding your tokens in
hard wallets are offline a token swap
mechanism will be available in the
coming weeks to allow holders to
exchange their ocean and agx for Asi
once made available the swap mechanism
will be available uh indefinitely to
follow long-term to allow long-term
stakeholders to exchange their ocean and
AIX for Asi tokens when their tokens
unlock without any FX or exchange risk
so um it’s not available yet there’s
going to be a token swap
mechanism uh basically so timing for the
token swap mechanism the token swap Mech
the token swap contracts have been
tested and audited but given the
complexity and coordination with
hundreds of business partners we’ll
complete a more detailed analysis speak
with partners and exchanges and come
back to the community with a firm date
uh to release the token swap pool stay
tuned uh to our official channels which
you should access via links or blah blah
blah so essentially like there’s um you
have they’re going to have official
channels probably via like Twitter or
like um telegram or something and
there’ll be more information on that
there’ll be more information on that but
right now you don’t really need to do
anything cuz nothing’s ready yet
lonstein got like 20K citizens yeah it’s
it’s really hard to be a citizen of
lonstein all right let me well yeah let
called property tax
yeah those countries that have wealth
tax usually have lower tax bracket have
Max
25 does that mean send no you can if you
want it to be Auto but you don’t have to
there’s going to be there’s probably
going to be a mechanism like within the
wall or like some kind of site or some
kind of like uh they’re they’re going to
have some kind of swap mechanism so you
don’t really need to do anything right
now you could send it to an exchange and
they’ll do it
automatically those countries that yeah
I’m heading to do yeah think the article
with Singapore and Luxembourg is more
recent for 2024 I
see so yeah right now you don’t need to
see uh you don’t need to do anything but
um you should follow their official
channels like tegam or Discord and
they’ll give you all the information
there but right now like it looks like
nothing right now looks like nothing
right now with the next couple weeks but
there is risk holding crypto and
exchange rather than cold wallet I I
don’t think it’s within the next couple
of weeks uh I I don’t know if they’ve
given me anything I don’t really know if
they’ve given me anything on the
timeline right
now but they should actually announce
something in their Discord or telegram
when they actually have something up and
you should be able to swap without any
real issues
dude LeBron’s like 40 years old man and
AD is like not stepping
up the Nuggets just like they just can’t
beat the Nuggets you go ahead and blow
the Lakers team up they do they should
have blown it up a while
ago think Qatar has overtaken lonstein
for per capita maybe I mean Qatar has
that oil money three years I hope
binance won’t rug us binance isn’t going
to rug anything also I I don’t think
cz’s gotten three years I I his sensing
is like next week I
think that oh thanks man thanks for the
donation thank you for the donation my
friends thank you for the donation I’ll
give you I’ll give you updated info if I
see it thank you for the donation man
no like LeBron is look LeBron is still
good LBJ look LBJ is still
good it’s just that he can’t carry a
team anymore like look the thing is if
you get LeBron if you if you get LeBron
for Drafting bronny and you have like a
pick in the mid 20s you you should draft
bronny and if you can get especially if
you can get LeBron on like a minimum
contract if LeBron’s willing to go on a
minimum contract to play on your team
just to be with bronny you draft bronny
if have the 25th pick cuz the 25th pick
cuz the 25th pick isn’t worth anything
anyways like the the 25th pick isn’t
really worth Jack anyways so like you
just draft bronnie you get LeBron on a
cheap contract he’s like he’s still a
solid piece for your
team he’s still a really really solid
piece for your
team he’s just he just can’t be like the
guy that basically takes like wins the
title for you by himself more or
less yeah he’s old dude but like DJ tail
you can’t like DJ tail you can’t tell me
that if you had like the 25th pick in
the draft like the 25th RI pick in the
first round you can’t tell me that it’s
not worth it to draft bronny just to get
LeBron on a cheap
contract if he wants a high extension
that’s not happening but if like he
wants to play with bronny he’s he’s
going to have to go for a cheap contract
you get LeBron and have to pay bring in
like a pay have to pay bring in like a
million no the thing is like if he wants
to be if he wants to be with bronny he’s
gonna have to accept a cheaper deal like
no like people are going to extend him
on
Max uh lepra has award that Jordan
Olympic bronze medal yeah I mean he has
an Olympic gold medal
too he still will he also beat a 73 and
N team in the finals he’ll still get 50
million plus for the next three or four
years I don’t think I don’t think he’ll
like I mean like Shawn Reynolds he’s
worth that much just because of the just
because of the eyeballs he brings but I
don’t think he’ll actually get that much
especially like if they’re if if they’re
doing a favor in drafting
bronny the 25th team dude the 25th best
team in the NBA doesn’t even make the
playoff well I mean yeah the the person
the the team with the 25th pick it um
usually is pretty good but like but big
e32 that means they want LeBron as an
extra piece like like I said it only
works if LeBron’s willing to play for
like a cheaper deal like if you draft
bronnie to get LeBron for a year or two
on a cheaper deal I would totally do
it because the 25th pick usually doesn’t
do any like the 25th pick is usually
worthless anyways when LeBron son
playing the league I don’t know I don’t
like bronnie is not ready for the league
he needs to play a year or two more in
college at least
isn’t doing a favorites saying you’re
trying to acquire
LeBron exactly but but like Shawn
Reynolds it’s the same thing with like
uh you know with Milwaukee like
reserving a spot for giannis’s brother
no one wants giannis’s brother it’s for
Giannis obviously it’s like having a
roster spot for giannis’s bro is
basically like keeping Giannis
Happy Well are they going to draft
bronny then
because the Lakers are capped out like
an ad like LeBron and AD aren’t going to
win a championship
anymore like giannis’s brother is like
legit like one of the worst players in
the NBA I don’t even know if you I don’t
even know he would if he do if he would
do well in D-League honestly what’s BTC
Trend right now I mean BTC is just swing
between 60 and 70 it’s going to take
another trigger to actually pull it up
I’m hoping that it’s going to be the
Hong Kong thing
I’m hoping it’s going to be with a Hong
Kong
thing no no like I I think like in order
to get LeBron to sign with like if you
want if you if there’s any chance that
LeBron’s gonna sign a cheaper contract
with you like you’re gonna have to take
Brony in the first round but like but
Shawn Reynolds dra like draft picks at
the end of the first round aren’t that
valuable China ETF priced in I don’t
know if you can really PR it depends on
how many people actually buy I think the
the like I think they start selling like
Monday or Tuesday probably
Tuesday it’s mainly it’s mainly
institution and rich people but you know
if it’s a Hong Kong ETF that’s who’s
going to buy anyways like they’re saying
like they’re saying anywhere between two
and $25 billion in the first year but I
I don’t know like exactly like how big
of a splash that’ll be I think people
are overestimating I really do think
people are overestimating this Hong Kong
thing I I think they’re putting too much
faith I think they’re putting way too
much hope that Hong Kong’s going to
completely boost the market up and
they’re going to be kind of
disappointed because like the it’s not
like Chinese retail can buy in Chinese
retail cannot buy in at all it it’s it’s
like all Hong Kong it’s good the ETFs
are being introduced there yes there is
what what about the having narrative I
mean we already had the having you’re
going to have to wait you’re probably
going to have to wait a couple months
for the narrative
you’re most likely going to have to wait
a couple
months yes
$99 everyone should give me a $99
donation now or a $100 donation which
will other countries launch there are
several countries that already have ETFs
or they’re just called etps in Europe
there’s a lot of countries that already
have them but no one cares about those
things they only care about the one in
the US not going to first round if he
does it’s to the very end LeBron also
has planned out for Bonnie can still go
back to college after yeah cuz he didn’t
actually have an he didn’t hire an agent
obviously I mean if you’re a LeBron’s
kid you don’t need an agent isn’t that
what happened with the BTC ETF people
were expecting too much too fast well I
mean not really if you think about the
BTC ETF we did go up from like 46 to 64
right now and we went up all the way
from 46 to 73 but the Hong Kong ETF
isn’t anywhere near as big as the US
ETF uh what do you mean Chinese
blackmail that doesn’t make any sense
what happened with the beat
um is a holder of 400k in crypto hope
the tax thing
fails the the tax thing’s not going to
get
ped like they’re they’re not like they
they literally need all the Democrats to
vote for it because none of the
Republicans are and not all the
Democrats going to vote for it a lot of
those guys have a lot of those guys have
large
Investments there’s like the tax thing
is for capital gains tax like I mean
like they’re proposing a 40% tax on
capital gains for crypto over the first
million dollars so if you make less than
a million dollars a year in crypto it
doesn’t like it’s not going to affect
you but if you have a year where you
make over a million dollars the the
amount over a million dollars is going
to be taxed heavily
if the tax thing passes through holding
will become dead and everything will
turn into
Traders no that’s actually not true at
all cuz you still have that you still
have to make over a million dollars for
that thing to
matter like I swear people don’t really
people don’t really read like The the
bill and they don’t understand how to
how a graduated system
works it doesn’t affect you for the
first million
dollars ICP I mean my information’s
already out
there my information’s already out
there well you know coincidentally like
coincidentally like the the unrealized
gains the unrealized gains is like more
Troublesome but coincidentally the
unrealized gain might actually help some
people because it would actually force
them to sell at a
profit it would actually force them to
sell at a profit see like one of the
biggest problems in crypto is people
have a big profit and they don’t sell
the the the uh the unrealized gains
thing would actually force people to
sell at a profit so that might actually
end up like helping them by accident
because like some of those people would
never actually sell so they would have
to sell at a profit
LeBron enu LeBron bronny
enu will BTC go down I mean we’ll have
ups and downs I’m I’m thinking like next
Monday next Tuesday is probably going to
be up because of the Hong Kong thing
like everyone seems to be talking about
it at this point I think PE I definitely
think people are way overblowing it and
I I I I really really think people are
overblowing it
what what’s that is that World Series of
Poker no I’m not playing the World
Series of
Poker I haven’t played serious poker in
a long time it’s like getting taxed for
catching a
baseball no like like Sean Reynolds I
swear like the the unrealized the
unrealized uh Capital the unrealized
gains thing will actually help some
people in crypto because it will for
them to actually sell at a
profit so it will actually force them to
take profits just in order to pay taxes
because like some of those people never
take any profit so it will actually
force people to take profit like I don’t
really like that I mean it sounds really
bad but honestly it actually might it
actually might end up helping more
people than it
hurts what are your thoughts on buying
those brc2 I’m not a fan of brc2 I mean
I’m sure they’ll have a pump cuz people
are obsessed with developing on bitcoin
but I just don’t think bitcoin’s meant
to be developed
on like they’re good for like a FAL pump
but I think like you know I do think
runes and brc2 just I I can’t see them
like I I I I can’t really see Bitcoin
really supporting them in the long run
so you write it back down you get tax on
the max gain you once
had no you don’t um but it’s remember
Cory Alin it’s by year so in order to
pay taxes on that year that you made
money you would have to sell at the end
of the year so like I said it would
actually force people to sell at a
profit yeah but I mean like I think
runes is I think runes is just like brc2
but you know brc2 is Making Waves look
there’s a there’s a group of people that
are really really committed to actually
building things on bitcoin I think
building things on bitcoin is completely
Folly but there is a group of people
that is very very committed to building
things on
bitcoin oh yeah the unrealized profits
is way more unlikely than the 44.6 thing
I can’t really I re I honestly can’t
really see that many people voting for
the unrealized profits like maybe like
the maybe like the the the farle will
but the Centrist in Congress will never
go for
that I mean runes look be like Bitcoin
is just like on onchain
nfts I’m not a look I like nfts and I
think they have a place in the world I
think there’s real utility for like
certain nfts honestly I think there’s
like real utility for certain nfts but
realistically
though realistically like most the jpegs
that are worth hundreds of dollars just
not cutting it man just not cutting it
building a better is building in Bitcoin
better than uh ethereum no building in
ethereum is actually better than
building in Bitcoin Bitcoin is less
scalable than ethereum Bitcoin is
roughly half as scalable as ethereum and
Bitcoin doesn’t have the infrastructure
set up and it was never really built for
smart
contracts no no like well nft like most
nfts aren’t backed it’s not like Bitcoin
nfts are backed they’re just like random
crappy jpegs for the most
part would I trade 0.25 BTC for ICP yes
I actually would right now I
would like nfts aren’t really backed by
anything I mean what what the like
unless you’re like buying like an nft of
a treasury bond what the hell are they
backed by exactly they’re not backed by
anything shouldn’t high value nfts be uh
stored on bitcoin blockchain because of
how secure it is I don’t think the other
blockchains are any less secure
I don’t I don’t really think it’s that
different I just get this Bor on over
with this the tax most likely would be
this year I
see yes we talked about it earlier today
consensus is suing the SEC like I said
ethereum suing the SEC is a big deal
because ethereum has a lot of the
receipts from like maybe some of the
back door Deals they made and that’s
really bad for the
SEC I couldn’t understand some people
pushing smart contracts yeah Nas those
people are dumb that’s what those people
are like straight up those people are
stupid because the if you push smart
contracts on bitcoin they’re going to be
even more
expensive those people are just playing
stupid or those people are minors and
they want the fees one of two
possibilities either those people are
minors and they want the fees or they’re
just playing stupid one of those two I
think Ada is a decent
buy yeah the the whole I think like the
SE no the SC is suing Unis swap uh not
going to
work look BTC is going to have its ups
and downs I do believe it’s going to go
up on Monday or Tuesday because the Hong
Kong Thing by how much I can’t really
say I don’t know how much it’s going to
go
up dude the SEC is literally trying to
sue everyone it like their lawsuits most
of their lawsuit are not going to work
they’re they’re basically trying to sue
everyone and seeing and hoping to see
what sticks like realistically none of
their crap is like none of their crap uh
is going to
work like none I don’t think I don’t
think any of their crap is really going
to
work stream lag yeah they’re just
throwing [ __ ] at walls more or less I
mean they’re losing more and more and
like this this this ethereum suing SEC
thing is like gonna is going to be like
a huge it’s going to like bother them a
lot because like I said ethereum like
consensus and ethereum have a lot of
receipts of like the maybe the Shady
stuff they did they don’t want that to
come out so they’re going to have a hard
time dealing with ethereum can suie hit
15 bucks in a bull
run
um I think I don’t really know about
specific price
I mean yeah it can hit $15 in a bull run
like it’s
possible you have to look at like the
delution for coins though like how much
more coins are they going to release
compared to how much they have now like
a lot of people actually need to pay
attention to that I think the Hong Kong
ETF will take a few weeks to affect
bitcoin price like the US one
did I mean maybe but the Hong Kong one
isn’t going to have a big selloff
because like there’s no Genesis or
there’s no like FTX for the Hong Kong
one dude if they if the SEC can’t even
win against coinbase they’re not going
to win against metamask or binance they
are literally just trying to sue
everyone and see and hoping to something
sticks but they’re essentially just
losing they’re just essentially losing
more and more lawsuits and it’s making
them look worse and worse it’s kind of a
like it’s kind of a
joke I think grce scale sold about like
35% of their BTC actually about half of
their BTC I think gra scale sold about
half their BTC but their but their
outflows are getting slower and slower
now so it’s they’re not affecting As
Much
Anymore by the time Gary is done SEC
look I mean it’s already weakened a lot
the the invincibility Aura around the
SEC is completely gone at this point
like people know that like as long as
you have money to fight them the SEC can
actually be beat at this
point the lawsuits really aren’t going
in their favor right now none of the
lawsuits are really going in their favor
right now there any projects on base
besides Aerodrome and Brett I there’s a
lot of projects on base I don’t really
know them all I mean I know like aerod
Drome is one of the bigger ones it’s the
main
Exchange aerody Drome is one of the
bigger ones it’s it’s it’s the main
Exchange but yeah
I’m going to sign off in a couple of
minutes it’s like 1:30 in the morning
here and uh like the news at night is
kind of dull like I kind of want to I
want to see what happens next week I
really want to see what happens next
week
geez I think it’s
like that guy just like comes in with
different accounts and like uh basically
asks dumb questions that have nothing to
do with
anything why is awt still down through
uh look look awt is a really small coin
either it goes up like 100x or it
doesn’t do anything I mean like IG might
be promoting the game like IGM like
might be promoting the
game but I mean people still aren’t
buying the
coin I don’t really know what would
actually get those coins to actually go
up like sometimes just like sometimes
those coins go up and it’s just kind of
random
honestly realistically a lot of times
when those coins go up it is just kind
of random
Goldfinch Maple Finance cuge clear
pool aloe vera water I I don’t exactly
know what that
is when you buy the coin it will go up
if you buy enough of it
sure if you buy enough of it yeah it
probably would go
up I’m hoping we do get to 70k next week
like I I just I don’t have that much
confidence the Hong Kong ETF is really
going to push it up that much I I’m
really hoping I’m wrong on that I’m like
super super hoping that I’m wrong on
that but I just don’t have that much
confidence they need GTA 6 to implement
crypto payments
sure you gota I mean it would be nice if
they could
bu run about to over before GTA 6 dude
that’s if G yeah if GTA 6 ever comes
out because like GTA they can just keep
delaying they honestly can just keep
delaying GTA 6 until like literally
forever they literally can just keep
delaying GTA
forever like it’s been what like 12
years since GTA 5 they could just like
not make it they literally could not
make
it will have their own crypto like
fortnite as
brick I mean we’ll have to see what
happens skip no or they can just rep or
they could just or or sea Reynolds they
could just like make another shitty mod
of GTA 5 and charge you 60 bucks for it
which you know that would make them a
lot of
money as long as they keep making DLCs
and mods Rockstar is never going to go
broke like realistically as long as they
have like sh as long as they make shitty
DLCs and mods Rockstar will never go
broke they they literally can like not
make a game and just release a mod and
call it like GTA
6ish and people will still buy
it like G like just release a mod and
call it GTA
6ish because you know people will buy it
like they’ll buy it at any
price GTA kind of six basically it’s
like NBA 2K I mean look the only thing
with NBA 2K every year is they update
the rosters that’s basically it
dude if you really want
uh oh my god there are thousands of
people like if you want to really look
at something with GTA
6 I mean look look dude check this video
out guys check that video
out like seriously check that video out
that that’s what that’s what the true
situation is with GTA 6 that video GTA
kind of
six you know it’s just like uh it’s just
like how uh George Santos it was like
he’s like Jewish so he’s kind of Jewish
sort of like that it’s like GTA 6ish
because like look I mean like they made
so they probably made so much money from
GTA 5 that they’re pretty like they’re
pretty much all rich I think they’re
like I think they’re pretty much all
rich because they like from the GTA 5
I’ve actually seen some of the I’ve
actually seen some of the previews of
GTA 6 it does look really good
the the the preview videos actually do
look pretty
impressive I just have no idea if
they’re actually going to make it or
not cream is down 10% I
see GTA 5.5
all games look good on preview until you
play it Ah that’s partly true I’ve
actually seen some games that look
really bad on preview
though but the but like but the graphics
on GTA 6 look really good kind of kept
hacking G and said he won’t stop until
until they let him out I
see all right guys that’s going to be it
for today like And subscribe hit the
Bell notifications
button I will be back tomorrow tell your
friends about the stream and channel and
I will see you guys later

#crypto #bitcoin #hedera

BSC will be getting liquid staking
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ADA

addr1qyp0ap6glhn20zlkrf6kk6elr8up8wtd096s4dtw4dc400fhvw8gqrh7t7jrewqwaj33pzt0e3vuzgukwyrzdp4j8e4qgqeddx

Solana:
EQ6wKcRTWkX1jPTsHEd11VzEmRQXaUpb9FaFEYvbcohL

Vechain
0x41aea376d651d90d53f76ce280c05855db105007

Hbar:

0.0.5076747

Tron

TXJw7F9mZbiXz6EJcpo656BYU7h8mosNEY

ICX

hx52f439bd40bdaa1f13b1a93697d45ad5fa73d36e

Base:
0x8F902AE0156c6693618feDC4f777D8414b3992BB

My other channels and subscribe!
https://www.youtube.com/channel/UCMAep54SS2uOP0cDlZAUGMQ — Food channel
https://www.youtube.com/user/Iamaninjamaster/videos — Fishing, Adventure, and Photography
https://www.youtube.com/channel/UC3La_FQoHwz-rlnIHTAWWOA — Crypto Update channel, 1 video per day summarizing all of the day’s important crypto events

* These are my opinions, they are not financial advice of any sort