Cardano – ADA Ethereum – ETH AMAZING! CARDANO CONTRACTS HIT RECORD HIGH & ETHEREUM’S NEXT BIG MOVE IN MARCH.Welcome to digital asset news my name is Rob and today just like a thumbnail and title suggests there’s an activity going on with I feel two of the winners which are cardano and ethereum and what I’m talking about is uh there was an article was recently put out which states that Uh code on a smart contracts hit a record high as of February 2nd so this is what we got last year’s basil hard Fork expanded cardano support for smart contracts imagine that a year ago cardano didn’t even have Smart contracts and here we are stuck in the top ten do It not too bad the gains in Ada could also be tied to Chronos recently launched stablecoin Jed this is true a lot of things were locked up with that smart contracts on Chrono are rising there was 5006 on February 2nd and 4 000 as of December 3rd so you got a thousand More programs and then are two months and that to me is progress and on top of that if you’re taking a look at cardano this is a report that ethereum activity is picked up with the Shanghai upgrade and if you don’t know about the Shanghai upgrade this is going to be happening in Mid-march and this is all about uh unstaking or giving people the ability to unstake their staked ethereum which they did a while back and they did that under the assumption that at some points they would be able to unstake it and nobody knew when it was so for them I Tip my hat because that was to me kind of a risky play and some people have thought well once they are able to unstick everybody’s going to sell it’s going to be a huge massive problem and we’re gonna say the market just collapsed and other people are like no I Won’t do much because those people are True Believers me personally I could I couldn’t care less because I dollar cost average if everything goes down I’m super happy because now I get to get uh I get to purchase a lot of cheap crypto and that is what I would like to do if It goes up well okay I’m in profits but I think in the long term because I have a horizon of two or three years until we hit the next Bull Run maybe four who knows I’m trying to prepare myself for everything but it got me thinking about This which was if we’re talking about all these things about well there’s you know a lot of activity more smart contracts then if we see more activity we should see more our fees rising up it is a great website called cryptofeeds.info and we can take a look here that ethereum Over the last day or so has over 4 million in fees 4.8 in seven days so it looks like a little bit of a pickup for sure and then actually everything’s up we can see and we take a look at cardano you know Quran is not here oh there it is But that was way down here at 11 000 before you start laughing I will just say this cardano is a lot cheaper to use I want to say it’s around nine cents 10 cents correct in the comment section if you take a look at ethereum for every transaction that you do this Is on y charts and we can just scroll over here as of January no let’s see here February 4th it was around 66 cents and this is all denominated in US Dollars this isn’t in way or way or however they say it this is in US Dollars it costs roughly 66 cents I Never really believe too much in charts so I did it myself I sent a test transaction and my guess was a dollar so again average fees were like 66 maybe I hit it at the peak time no idea but a dollar for every transaction should do In ethereum could yeah make a ton of fees up to four million dollars I suppose then it also got me thinking about another part which was we see a lot of people talk about well everything’s locked up as far as like total volume locked up tvl and the best Way you can find out is on defy llama there’s a link in the description and we can see the total value locked total value lock for everything in D5 at 58.6 billion dollars that’s for everything ethereum binance cardano Tron arbitrum polygon Avalanche optimism I mean everything you can think of and They’re all right here it’s only 58 billion dollars which sounds like a lot but in the grand scheme of things it’s absolutely nothing now if we click on just ethereum itself it’s 34 billion it’s more than half of everything that is locked up and that’s just for Now so when we take a look at winners so far ethereum’s really really crushing it but there’s this part here that confuses me and at C here it says including tvl so it says to include the staking so if we do that let me click this off Or actually before I do that let me let me just show you this this is stakingrewards.com and it shows you what is being staked and the staking market cap or how much is take the staking ratio is 14 percent out of 198 billion dollars so that’s 28 billion is being staked in ethereum Right now 28 billion remember that number if we go back here and I click this because there’s 34 billion right here included in staking if I click this off we should see what six seven billion no it’s only 29 billion so I’m not for sure they calculate that it seems a little Bit off to me I’m not doing this correctly but if I also go back to stakingrewards.com I do the same thing let’s take a look at both grounds number two and I can see here the staking Market the total markup is 13 billion staking wow 10 billion well that’s Because they have almost 72 percent everybody’s staking cardano everybody you got 10 billion so again if I go back to D Phi Lama and I do a search and I put in ardano I click on that color value locked up is a measly 103 million dollars that’s not too much but again I’m not including in the tvl the staking so if I do that it should Rock It Up by 10 billion right no 23 million so again uh maybe I’m not uh saying this correctly we can put in pool two it doesn’t matter borrows doesn’t matter And that’s all we have so that’s all we have for for that piece again I think a couple of the winners for layer one Solutions are definitely are what I see Chrono and ethereum I still think there’s a lot of runway for that that’s why I dollar cost average into Avalanche into Cosmos and to polka dot I think there’s another couple I can’t remember right now but uh again on this channel you have to understand I’m super biased I only talk about the things that I have invested into so if you’re wondering does Rob invest into that he Sure does talk about it a lot yes yes I do so let me know think about that in the comments section and let’s move on to an interesting piece about FTX uh this one it makes me it makes me laugh because it’s just everybody’s just You know you go to the lowest volume the the lowest value denominator uh to what you want to do so the FTX wants politicians and packs to return donations and may Sue to recover funds isn’t that the whole point with donation like I’m gonna donate this to you so here you go Use this for President Joe Biden so you can actually you know win the presidency now we can now give him that money back amazing here’s what we got FTX newly appointed CEO John John Jay that can’t be his name right John John John J Ray III contributions or other payments he States will be returned by February 20th he’s talking to all the politicians that going a previous warning the company would go after funds not return voluntarily through legal means with interest accruing from the date any action is commenced so all those funds of the game which was roughly 93 million Dollars like give it back to us we don’t care if you spend it or not we want him back the FDX debtors are sending confidential messages to political figures political action funds other recipients of contributions of the payments this is where it gets pretty dank recipients who’ve donated funds Connected to fgx to Charities are not off the hook and that company will still seek to recover the money regardless I find this fascinating like oh you gave that to a charity to help homeless children or to help you know some kind of sanctuary well tough give us that money back Because that’s what we want on the other side of that you have to think about all the people who lost all their funds and of course I’m sure they’d like that money back but again you got to do that for everybody that’s for the dirty politicians and then for The people who give the Charities and everything in between I imagine think about that in the comments and then also not to leave out any our friends in Celsius but uh this is a good piece from Pete no stop and Celsius and Voyager matter of fact hired this Law Firm Kirkland and Ellis And there was a nice nice little article Above the Law a look inside crook Canal’s partner’s new 38 million Malibu mansion very nice so if you’re wondering where all your funds went to there you go and I’m just going to tell you like this nobody wins in chapter 11.and I’m Going to call for right now liquidate everything return as much fun as you can back because every single day week and month that we stick ourselves in this chapter 11.the less we’re going to get back because the only winners are going to be the people who used to run this company As they do the clawbacks and the lawyers that’s why I say liquidate give as much back I will know what to do with it better than you and your stupid reorganization of a company anyhow that’s what we have let me know and then to finish up I thought it was Interesting nfts are already here are coming to bitcoin and it’s a it’s a big argument that’s always been coming along about as far as like uh the Bitcoin maximalist and the purist and they say well Bitcoin to this we can build on top of Bitcoin we can do all These things we’ll hold on not so much so the launch of ordinals which is an nft protocol is on the Bitcoin blockchain it’s coming out or knows the protocol that assigns trackable serial numbers to satoshi’s these satoshi’s can then be added to digital assets like video or audio and People like no we don’t want to do this the criticism is that it’s potential to abuse the network and populate its block size with financially irrelevant storage the argument against onboarding dates back to 2010 when a proposal I’m on a domain name system was rejected by Satoshi the Satoshi the Satoshi and a Number of other core developers Satoshi said this piling every proof of work Quorum system into one data set doesn’t scale in reference to the potential memory usage you added that users shouldn’t have to download all or of both to use one or the other so there’s always been this thing about well Bitcoin is the is the most securest platform on the planet it has the most computational power because we’re using so much to mine Bitcoin and all the Bitcoin Maxes would always talk about we’re just going to build on top of that and scale up I just maybe this isn’t What they were talking about I’m not sure but they’re like no to nfts however I found this interesting not everybody somebody uh a gentleman by the name of Dan held he’s got a YouTube channel check him out he’s been around forever he’s a crypto Bitcoin OG he says this will drive the Demand from block space and bring more financial use cases to bitcoin and also I’ll get up you know the meme coins to people or dog coins like hey this might be something good for nfts that’s what we have not really convinced on this one and then lastly You’re gonna see these articles pop up and they’re going to really start to question yourself about investing in the Crypt I know some people will look at this and start laughing and go Ah that’s Jim Cramer doesn’t know he’s talking about but you understand uh people outside of crypto they really like Jim Cramer for some reason and they love watching the show it does you know recent decent ratings and when he tells them about how bad crypto is it just leads itself to people just closing their minds down so if you’re new to crypto I just want to explain to you this Jim Cramer probably was a great whatever but he’s made so many bad calls as time has gone on you just have to question yourself is like does this person really know exactly crypto and all it is he’s already invested in the crypto before he used crypto he sold it paid off his House and now he’s like it’s the most awful thing of all time and you should never get into it kind of reminds me of what Kevin O’Leary did he says you know up to the 2019 he was saying Bitcoin is the is the worst dumbest thing and no One would ever get into it on the flip side and he admitted this on Squawk Box he was actually buying it in 2018 anyhow so here’s what we have as far as the article itself very quickly Jim says I wouldn’t touch Krypton a million years which is pretty funny Because in December he said everybody get out now and we just saw like a 50 rise so whatever and what he’s talking about it goes there’s a bailout loan from the federal Home Loan Bank for a crypto Bank to stem the run and what he’s talking about is this The outcry so you don’t get twisted the Alki comes after silvergate Capital Corporation a california-based bank that provides Financial Services the digital asset industry sought a 4.3 billion loan to make it through the crisis of confidence across the crypto ecosystem late last year I don’t see a problem With this I mean it’s been a pretty rough year and a half actually so when we have somebody that comes out and says that actually is still solvent and still making things hey they just need a little bit of help but the thing about this article is this you look at a Guy like Kramer and he seems so sure of himself I mean so sure and when he’s talking about these things he’s like I’m 100 sure there’s nothing against me in my thought process well just remember this that during the financial collapse this was him this is 27 seconds listen To what he says about bear Stearns which was insolvent and actually later went down and was only rescued by JP Morgan Chase take a listen to this a great job I am okay Peter writes should I be worried about Bear Sterns in terms of liquidity And get my money out of there no no no no their search is fine do not take your money this is really look if there’s one takeaway other than plus 400 or something bear Stearns is not in trouble I mean if anything ever more likely to be taken over Move your money from there that’s just being silly sure wasn’t silly as they just collapsed and of course this was actually an article of follow-up 10 years later and it just talked about how Jamie dimon the CEO JP Morgan actually regretted decision to kind of bail them Out as they became insolvent I just think it’s interesting just how how sure of a person’s self that they can be but they’re like yeah you gotta do this you got to this you got this and then it becomes the exact opposite so that goes For me too if you think like at some point like I’m 100 sure you need to question me and be like even though Rob is 100 sure does he really know here’s a here’s a tip no what he knows nobody anyhow to finish this all up a little Quick article binance launches a tax tool for crypto traders in France and Canada that’s great for everybody all the Canadians and French residents you guys have a tax tool now for the rest of us there’s this thing above my head it’s called coin Ledger and it’s what I Used two years straight they are a sponsor of the channel if you hate using affiliate links don’t use it I mean you get like 20 off I think but if you don’t if you hate my inferior links just go to coin ledger.io and you can sign up for Free right now and you can just take a look at like a cost-based analysis you know to pay for everything but if you do decide to use it for your taxes I’m telling you it’s super simple for the time that I started this up to actually Put all my taxes in it takes me 30 minutes as an API integration into my metamask wallet so all my centralized exchanges to my D5 all the stupid nfts that I bought for some stupid reason it’s got everything and it puts it all in there and says this is what you have This is how much you owe great job to better next year and I just ship it over my CPA and off I go so if you just want to see how that works you can sign up for free there’s a link in the description it’s very simple looks Something like this and there’s actually a video on how to use it and that is it so look that is it for today if if I liked today’s video give it a thumbs up consider subscribing I always talk about our time sensitive but that is it for This show so thanks so much for stopping by I do appreciate it and I’ll see you on the next one Cardano came out this February with ATH’s in smart contract use and Eth has seen a massive amount of activity in anticipation of the Shanghai upgrade.I think these chains are winners.WARNING: I own both so I’m biased.
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