Dave's Daily Crypto Take

#Bitcoin #FTX #Metaverse I'd like to welcome everyone to my new YOUTUBE CHANNEL Dave's Daily Crypto Take In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey. ARTICLES used in today's video:  https://ambcrypto.com/bitcoin-hits-this-low-but-whats-the-unrevealed-narrative-around-btc/ [https://ambcrypto.com/bitcoin-hits-this-low-but-whats-the-unrevealed-narrative-around-btc/] Bitcoin hits ‘this’ low, but what’s the unrevealed narrative around BTC Bitcoin’s SOPR hit its lowest point more than two years after the last one Short-term projections for the king coin showed bearish signs despite more long-term holders remaining in profit Bitcoin [BTC], for the first time since March 2020, hit its lowest point per Spent Output Profit Ratio (SOPR) on 19 November. According to CryptoQuant analyst Maartunn, it was necessary to touch upon this while considering Bitcoin’s on-chain status. He further revealed that BTC’s SOPR stood at 0.984 at press time. The metric hitting rock bottom implied that most HODLers sold BTC at a loss. https://www.thestreet.com/travel/walt-disney-50-celebration-closes-ends-characters-attractions-entertainment?puc=flipboard2&cm_ven=FLIPBOARD2 [https://www.thestreet.com/travel/walt-disney-50-celebration-closes-ends-characters-attractions-entertainment?cm_ven=FLIPBOARD2&puc=flipboard2] Disney Plans Big Cuts After its 50th Anniversary Celebration Disney has a special place in many people’s hearts and the memories. If you breathe air and have been around in the last two centuries, you are bound to have fond memories of Disney. If it’s a Disney movie, a character you fell in love with, songs from the movies or memories from attending one of its many theme parks, there is a certain nostalgia that comes around whenever the word Disney is mentioned. https://ambcrypto.com/cosmos-taking-a-short-position-on-atom-read-this-to-get-a-clear-picture/ [https://ambcrypto.com/cosmos-taking-a-short-position-on-atom-read-this-to-get-a-clear-picture/] Cosmos: Taking a short position on ATOM? Read this to get a clear picture Osmosis outperforms other DEXes in terms of development activity Despite this, Cosmos’ TVL continues to decline, along with its trading volume Osmosis, a DeFi project on the Cosmos blockchain, could be imperative for the latter’s growth in the DeFi space. This was because Osmosis managed to take a lead among DeFi protocols, such as MakerDAO and Lido in terms of development activity over the last few days. https://venturebeat.com/virtual/no-the-metaverse-is-not-dead-its-inevitable/ [https://venturebeat.com/virtual/no-the-metaverse-is-not-dead-its-inevitable/] No, the metaverse is not dead – it’s inevitable Over the last few weeks, many people have asked me the same question: Is the metaverse dead? This pessimism is not surprising, considering that Meta stock has lost over half its value since formally announcing its strategic pivot to the metaverse. Adding insult to injury, last week Meta announced major layoffs across the company, increasing fear throughout the industry. Trying my best to be objective, I see the current struggles at Meta as a reflection of its legacy business rather than an indication that its metaverse strategy is failing. I believe it will take another year or two before we can really predict whether Meta will be successful in this space, or if other large players will emerge as the true leaders of the metaverse. https://alternative.me/crypto/fear-and-greed-index/ [https://alternative.me/crypto/fear-and-greed-index/] https://coinmarketcap.com/ [https://coinmarketcap.com/] Please subscribe, like, and share so that more and more people can view this content. DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency. Thank you very much Dave Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations [https://redcircle.com/daves-daily-crypto-take/donations]

#Bitcoin #FTX #JustinBieber I'd like to welcome everyone to my new YOUTUBE CHANNEL Dave's Daily Crypto Take In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey. ARTICLES used in today's video: https://ambcrypto.com/bitcoin-btc-short-traders-ravage-the-market-as-whales-intensify-accumulation/ [https://ambcrypto.com/bitcoin-btc-short-traders-ravage-the-market-as-whales-intensify-accumulation/] Bitcoin [BTC] short-traders ravage the market as whales intensify accumulation In spite of persistent price decline, Bitcoin whales continue to accumulate. However, on-chain data suggested that most might be accumulating to short the king coin Currently trading at a two-year low, Bitcoin [BTC] whales have ramped up the accumulation, on-chain data showed. https://qz.com/the-grownups-are-now-taking-charge-of-ftx-1849795524 [https://qz.com/the-grownups-are-now-taking-charge-of-ftx-1849795524] The grownups are now taking charge of FTX The job of new FTX CEO John Ray III, who was appointed in the wake of the cryptocurrency exchange’s bankruptcy filing, is ostensibly to guide FTX through a complicated restructuring and try to get the exchange’s creditors and customers their money back. https://ambcrypto.com/dogecoin-doge-buyers-can-leverage-this-patterns-break-to-their-benefit/ [https://ambcrypto.com/dogecoin-doge-buyers-can-leverage-this-patterns-break-to-their-benefit/] Dogecoin [DOGE] buyers can leverage this pattern’s break to their benefit While defending the $0.07 baseline, Dogecoin formed a bearish pattern on its daily chart. DOGE’s Social volumes declined but its funding rate unveiled some hope. Dogecoin’s [DOGE] reversal from the $0.07 support finally broke the streak of red candles as the buyers attempted to change the narrative. Consequently, the meme coin grew but flattened near the 200 EMA (green). https://www.businessinsider.com/justin-bieber-bored-ape-nft-value-dropped-after-ftx-collapsed-2022-11 [https://www.businessinsider.com/justin-bieber-bored-ape-nft-value-dropped-after-ftx-collapsed-2022-11] Justin Bieber bought a Bored Ape NFT in January for $1.3 million that's likely worth about $70,000 in the wake of the FTX collapse Justin Bieber's bought a Bored Ape NFT for $1.3 million in January. It's now probably worth $70,000, according to NFT Price Floor. The 95% drop in valuation comes after Sam Bankman-Fried's FTX collapsed and caused crypto prices to crash. Bored Ape isn't the only ethereum-fueled NFT collection impacted by the crypto crash. https://alternative.me/crypto/fear-and-greed-index/ [https://alternative.me/crypto/fear-and-greed-index/] https://coinmarketcap.com/ [https://coinmarketcap.com/] Please subscribe, like, and share so that more and more people can view this content. DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency. Thank you very much Dave Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations [https://redcircle.com/daves-daily-crypto-take/donations]

#Bitcoin #FTX #Tombrady I'd like to welcome everyone to my new YOUTUBE CHANNEL Dave's Daily Crypto Take In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey. ARTICLES used in today's video: https://ambcrypto.com/sec-v-ripple-16-companies-granted-motion-to-file-amicus-brief/ [https://ambcrypto.com/sec-v-ripple-16-companies-granted-motion-to-file-amicus-brief/] SEC v. Ripple: 16 companies granted a motion to file an amicus brief The latest hearing for SEC’s lawsuit against Ripple saw the latter gaining a significant advantage The judge has given until 18 November for 16 companies to file their briefs More than two months after the first request to file amicus curiae was submitted to the court in SEC v. Ripple, presiding Judge Analisa Torres has finally granted the ‘friend of the court’ to actually show up in court in support of Ripple. https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy [https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy] Sam Bankman-Fried tries to explain himself Last night, Sam Bankman-Fried DMed me on Twitter. That was surprising. I’d spoken to Bankman-Fried via Zoom earlier in the summer when I was working on a profile of him, so I reached out to him via DM on November 13, after news broke that his cryptocurrency exchange had collapsed, with billions in customer deposits apparently gone. I didn’t expect him to respond — typically, people under investigation by both the Securities and Exchange Commission and the Department of Justice don’t return requests for comment. https://foxsportsradio.iheart.com/featured/outkick-the-coverage-with-clay-travis/content/2022-11-16-tom-brady-steph-curry-other-major-celebrities-sued-for-ftx-endorsement/ [https://foxsportsradio.iheart.com/featured/outkick-the-coverage-with-clay-travis/content/2022-11-16-tom-brady-steph-curry-other-major-celebrities-sued-for-ftx-endorsement/] Tom Brady, Steph Curry, Other Major Celebrities Sued For FTX Endorsement Tampa Bay Buccaneers quarterback Tom Brady and Golden State Warriors guard Stephen Curry are among the notable backers being sued for endorsing FTX, along with the cryptocurrency company and its former CEO Sam Bankman-Fried, a copy of the lawsuit shared by The Block crypto reporter Stephanie Murray on Wednesday (November 16) revealed. https://www.coindesk.com/business/2022/11/16/ftx-employees-were-encouraged-to-keep-life-savings-in-the-now-bankrupt-exchange-sources-say/ [https://www.coindesk.com/business/2022/11/16/ftx-employees-were-encouraged-to-keep-life-savings-in-the-now-bankrupt-exchange-sources-say/] FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say Retail and institutional investors weren’t the only ones to get rug pulled by FTX’s swift and stunning collapse last week. In addition to losing their jobs at the now-bankrupt exchange, many of FTX’s employees also appear to have significant amounts of personal wealth locked in the platform – wealth that is likely gone after being sucked into the black hole of the FTX disaster. https://alternative.me/crypto/fear-and-greed-index/ [https://alternative.me/crypto/fear-and-greed-index/] https://coinmarketcap.com/ [https://coinmarketcap.com/] Please subscribe, like, and share so that more and more people can view this content. DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency. Thank you very much Dave Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations [https://redcircle.com/daves-daily-crypto-take/donations]

#Bitcoin #Binance #CZ I'd like to welcome everyone to my new YOUTUBE CHANNEL Dave's Daily Crypto Take In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey. ARTICLES used in today's video: https://fortune.com/crypto/2022/11/15/binance-cz-crypto-first-time-investors-advice-ftx-sbf/ [https://fortune.com/crypto/2022/11/15/binance-cz-crypto-first-time-investors-advice-ftx-sbf/] The head of the world’s largest crypto exchange says that most people shouldn’t invest right now Even the crypto industry’s leaders are cautioning investors against buying the dip. With cryptocurrency prices so low, it might seem like a good time for first-time buyers to invest, after industry figureheads like Microstrategy’s Michael Saylor and Tesla’s Elon Musk popularized the “buy the dip” crypto trend this year. But the market is going through unprecedented turbulence right now after last week’s sudden implosion of FTX—one of the largest crypto exchanges—and the fall from grace of its founder and ex-CEO Sam Bankman-Fried, a former hero to crypto insiders. Combined with a crypto winter that has dragged down cryptocurrency prices since last spring, the market is rife with uncertainty and low consumer confidence. https://ambcrypto.com/how-has-the-ftx-collapse-impacted-btc-hodlers-this-data-reveals/ [https://ambcrypto.com/how-has-the-ftx-collapse-impacted-btc-hodlers-this-data-reveals/] Bitcoin holders, whales, and miners: The impact of FTX on the state of BTC Bitcoin HODLers withdraw historic amounts of BTC from exchanges Miners continue to feel the pressure amidst the FUD The mistrust in exchanges has continued unabated ever since the FTX collapse. Now, in an unprecedented move, many BTC HODLers have started withdrawing huge amounts of Bitcoin out of their exchange wallets. https://www.euronews.com/next/2022/11/15/fintech-crypto-weekly [https://www.euronews.com/next/2022/11/15/fintech-crypto-weekly] Cryptoverse: So long, Solana? Ether rival clobbered by FTX crash The cryptocurrency, which had been lauded by FTX‘s founder Sam Bankman-Fried, has been hit harder than any other major coin by the collapse of the exchange. The Solana token, or SOL, has dropped 53.8% since the furor began unfolding on Nov. 2. By comparison, ether has fallen about 20% and bitcoin 19%. https://ambcrypto.com/bitcoin-assessing-the-odds-of-btc-investors-surviving-the-long-winter/ [https://ambcrypto.com/bitcoin-assessing-the-odds-of-btc-investors-surviving-the-long-winter/] Bitcoin: Assessing the odds of BTC investors surviving the ‘long winter’ BTC held by the exchange was at an all-year low MVRV Ratio and weighted sentiments were up Elon Musk recently posted a tweet regarding Bitcoin [BTC], wherein he mentioned that “BTC will make it, but might be a long winter.” https://alternative.me/crypto/fear-and-greed-index/ [https://alternative.me/crypto/fear-and-greed-index/] https://coinmarketcap.com/ [https://coinmarketcap.com/] Please subscribe, like, and share so that more and more people can view this content. DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency. Thank you very much Dave Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations [https://redcircle.com/daves-daily-crypto-take/donations]

#Bitcoin #SamBankmanFried #FTXarena I'd like to welcome everyone to my new YOUTUBE CHANNEL Dave's Daily Crypto Take In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey. ARTICLES used in today's video: https://markets.businessinsider.com/news/currencies/ftx-bankruptcy-sam-bankman-fried-ceo-crypto-binance-alameda-markets-2022-11 [https://markets.businessinsider.com/news/currencies/ftx-bankruptcy-sam-bankman-fried-ceo-crypto-binance-alameda-markets-2022-11] FTX files for bankruptcy and Sam Bankman-Fried steps down as CEO after crypto exchange fails to secure bailout FTX announced it was filing for Chapter 11 bankruptcy along with Alameda Research and affiliated companies. Sam Bankman-Fried resigned from his role as CEO of FTX, though he will remain to assist an orderly transition. The new CEO, John J. Ray III, previously was brought in by Enron to clean up its finances. https://ambcrypto.com/avalanche-this-level-can-make-or-break-avaxs-potential-to-rebound/ [https://ambcrypto.com/avalanche-this-level-can-make-or-break-avaxs-potential-to-rebound/] Avalanche: This level can make or break AVAX’s potential to rebound Avalanche broke into high volatility to highlight a visible selling edge on its chart. The crypto’s funding rates marked an improvement but were yet to turn positive. https://www.totalprosports.com/nba/adult-website-miami-heat-naming-rights/ [https://www.totalprosports.com/nba/adult-website-miami-heat-naming-rights/] Adult Website Offers Miami Heat $10 Million For Arena Naming Rights (TWEET) The FTX arena is no more. FTX purchased the naming rights for the Heat arena last year in a massive 19-year, $135 million deal. https://www.thestreet.com/investing/cryptocurrency/billionaire-mark-cuban-blames-regulator-over-crypto-debacle?puc=flipboard2&cm_ven=FLIPBOARD2 [https://www.thestreet.com/investing/cryptocurrency/billionaire-mark-cuban-blames-regulator-over-crypto-debacle?cm_ven=FLIPBOARD2&puc=flipboard2] Billionaire Mark Cuban Assigns Blame Over Crypto Crisis Mark Cuban is not happy and makes it known. The successful entrepreneur seems, like most business circles, to have been shocked by the implosion, in less than a week, of FTX, one of the big players in the crypto sphere. The cryptocurrency exchange filed for Chapter 11 bankruptcy on Nov. 11, after three turbulent days, which saw a company valued at $32 billion in February urgently calling on its rivals for help. https://alternative.me/crypto/fear-and-greed-index/ [https://alternative.me/crypto/fear-and-greed-index/] https://coinmarketcap.com/ [https://coinmarketcap.com/] Please subscribe, like, and share so that more and more people can view this content. DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency. Thank you very much Dave Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations [https://redcircle.com/daves-daily-crypto-take/donations]