welcome back everybody to altcoin daily so much is happening in cryptocurrency
in today's video just like always i want to clue you in everything going on in crypto on
a daily basis lightly tap the thumbs up button do me a favor lightly tap it if you appreciate
us keeping you informed let's jump right in just in angel studios which is a competing
movie and tv distribution studios and platform think of this similar to a netflix just in
angel studios discloses that they bought over 10 million dollars in bitcoin in 2021 putting
10 million dollars on their balance sheet rather than cash most interestingly they are backed by
gigafund which is actually best known for being one of the largest investors in elon musk's spacex
this is angel studios streaming platform it's like a netflix only they gear themselves towards
more wholesome and family-friendly content only so streaming platform angel studios buying 10.6
million in bitcoin it's your move netflix we all know you could use a little bump right now
speaking of spacex speaking of elon musk pivoting to talking about tesla in tesla's latest
sec filings just dropped today quote we believe in the potential of crypto both as an investment
and as a liquid alternative to cash it has become quite normal for tesla to talk about bitcoin and
crypto in every sec filings they release this was the full paragraph on bitcoin and crypto
read you a couple sentences in the first quarter of 2021 we invested in aggregate 1.5 billion in
bitcoin we believe in the long-term potential of digital assets both as an investment and also as a
liquid alternative to cash as with any investment and consistent with how we manage fiat-based cash
and cash equivalent accounts we may increase or decrease our holdings of digital assets
at any time based on the needs of the business and our view of the market and environmental
conditions very telling they're basically keeping the sec and the general public in the
know we could increase our bitcoin position at any time we could decrease our bitcoin position
at any time and in fact they specified digital assets in this quote meaning we could allocate
certain positions into different cryptos if we did that we could also decrease those positions
it's safe to say that what elon musk is doing what tesla is doing what spacex is doing basically elon
musk companies we have yet to hear the last of how they are diving in to crypto and they're
keeping us on notice in other news and this is a big one especially if you have the crypto.com card
or if you've ever had it crypto.com cuts card rewards to customers dismay crypto.coms move
to significantly cut the cash back rates on its card product has sent the project's native token
crow plummeting by 17 on the day the key takeaways are as follows crypto.com announced yesterday that
it will phase out the staking rewards and lower the cash back rates on its popular prepaid visa
cards due to take effect on june 1st the changes will see the rewards rates on the company's card
drop from what was the lowest one percent and the highest eight percent to now zero percent with the
highest being two percent depending on the card's tier the move has sparked outrage within the
community sending the crow token plummeting 17 on the day these are the rewards that are going away
no longer will it be eight percent to one percent it will now be two percent to zero percent as they
phase out their staking program let me know your thoughts on this move by crypto.com to cut rewards
are you in dismay did you think this was always a possibility let me know in the comments below
and let's pivot towards doge mark cuban along with elon musk talking about dogecoin in this case
as it relates to spam on twitter so much spam kind of like youtube only twitter is a lot worse so
much spam mark cuban has an idea for elon musk we add an optimistic rollup to dogecoin everyone puts
up one doge for unlimited posts if anyone contests a post and humans confirm it's spam they get the
spammer's doge spammer has to post 100x more doge if it's not spam the contestor loses their doge
doge dao for the win do you think this idea would work i think this is a good idea i think something
needs to be done there needs to be some cost to the spammers who are spamming and taking away some
crypto would be a good idea i think this could even work better with the cryptocurrency that has
more store of value properties like bitcoin like satoshi's on the lightning network but ideas like
this using crypto using the blockchain i think they're winners attention crypto holders attention
crypto traders do you invest in crypto do you trade crypto if yes i have a major opportunity
that i need to clue you into most people in crypto do not know that they can take advantage of this
you should be investing you should be trading with choice ira app a retirement account trade invest
with choice and you pay zero zero capital gains tax they offer thousands of traditional assets
and tons of crypto assets you can buy crypto with choice you can trade crypto with choice
these guys are a proud sponsor of our channel you could hold your own keys if you want their
fees are low and highly competitive the bottom line is if you think your bitcoin ethereum and
cryptocurrency assets are going to be worth a lot of money in the long term why not put a portion
of your stack in the choice app so you won't have to pay any capital gains tax your future self will
thank you take advantage of this use our link and receive fifty dollars in free bitcoin when you set
up an account take advantage of this let me know if you did polka dot might be severely undervalued
missouri just put out a state of polka dot report i'll give you the key details first
of all missouri addresses holding dot continues to grow people see the long-term vision of polka dot
you can read the full report yourself i'll give you the key insights after five years of research
and development polka dot pair chains are now live at the close of q1 2022 13 pair chains one
pair of chain slots bonding 127.8 million dot 11 of the total supply worth 2.9 billion companies
who win the pair chains lock substantial amounts of dot in the pair of chains so this is good
for the tokenomics when different projects get into the pair chains a total of 28 more
pair chain slot auctions are scheduled through february 2023 bringing the total to 41. polkadot
has an evenly distributed validator set with 99 of validators having 1.8 to 2.6 million dot
staked polka dot developer activity remains among the strongest in crypto the next major milestones
are the implementation of cross consensus message format pair threads and performance
upgrades if you're interested in alternative layer ones they're focused on interoperability polka dot
is one of the biggest in the game and i would say cosmos is the other big one in the game let's talk
about apecoin first of all you're aware that hugo labs other side nft sale broke records 310 million
dollars worth of apecoin the other side nft drop set a nine figure record last night extremely high
gas fees it was crazy it was actually two nights ago since then apecoin plummets after this it
was pumping into this now apecoin plummets double digits after the metaverse nft land sale the token
behind the board api club inspired dow apecoin dropped 13 in 24 hours amid board api clubs record
breaking metaverse land sale so there was a lot of hype going into it now there's a cooldown this
is what us old dogs in the market expect with big events like this now all is not lost for apecoin
they did make a very interesting partnership one of the world's largest web3 ecosystems
polygonmatic now supports apecoin making it available for 19 000 plus apps and games across
the board in the polygon ecosystem apecoin and polygon tara luna has been in the top 10 by market
cap for a while but tara's stablecoin ust is now a top 10 coin by market cap as well solana their
co-founder critiquing bitcoin solana's co-founder said bitcoin should change its consensus algorithm
i think what makes bitcoin so valuable one of the things is that it doesn't change and we know
it's going to be how it is now 10 years from now and so it's a better store value that way solana
co-founder critiquing it it's ironic because then solana's mainnet lost consensus for seven hours
and that's okay you know solana is very different from bitcoin i think they're still going to be
around and they're still going to bitcoin 10-year play for me i mean there's some bitcoin i'm not
going to sell for 10 years solana i still think there's a lot of upside to go especially as
more and more people start building on these l1s which cryptocurrencies would you like us to talk
about going forward please comment your thoughts on this below we love to keep you updated on a
daily basis i hope i provided you with some value today starting off the week strong starting off
the week right make sure you subscribe we update you on a daily basis see you tomorrow my friends