Now the only question I have for the latter group is why dont you watch our content, everyday Well, Im going to give you The best reason todropping some crypto content that will blow your mind..So. Are you ready for our blow of topp Because its time for Chico Crypto Well BTC..Bitcoin wasnt? Looking good yesterday as we lost a critical support, level. Pulling out the price? Chartthing were looking OK wednesday evening, as we pumped back over 61kbut then slide baby slideLosing 60k yesterday down to 59k, which was bought up pumping us back upto 60kthen, a steep dip down to 58k that was initially bought up tooback to 59kbut. As of shooting. This videowe had lost 58k support and were sitting at around 57500. Now, just over a week ago, we were over 11000 dollars. Highernovember 10th BTC was sitting at around 68500. To the low of 57500we, have dipped by over 16 percent. So is this just a short term? Dip, or is this something moresomething to be really worried about Well lets. Look at both sides of the coin, here., First, the possibility that this is just a short term dip. Now, do you remember my video from Wednesday? Well, I showed that this bullrun and the 2017 bullrun had many similarities since Julythe charts were looking almost exactly the same.. I also showed there was a November dip in 2017s bullrun.. The price then dipped, pretty dang hard from 7500 down to 5900which, was a loss of 21 percent.

. So in reality the 16 percent dip we have seen isnt out of the ordinary.. It actually fits perfectlywhich. We can confirm even further. By going to 2014there was a November dip, then too. Pulling out the price chart. The early November peak was 358 dollars., The price dipped down to 313 dollars.. This was a loss of about 12 percent.. Now, if you take the average of the 2017 November dip of 21 percent and the 2013 November dip of 12 percent, you would get an average November fall of 16.5 percentsooo. As of yesterdays fall, we were basically spot on with the average November fall over the last 2 bull. Cycles. Soo. Is this just the November before the Holy Pump, The Last Hoorah Well in 2014 and in 2017after their November dips? Yes, it wasjust a small DIP before they pumped and went ballistic, So hows that for some history, hopium Now lets flip the coin. Look at the reason we may need to be worried about this DIP.. It all comes down to one of the biggest cryptocurrency lending platform out. Thereblockfi whats happening with them may have lit the fuse.. Just 2 days ago. It was announced that the SEC opened a probe into BlockFi, as well as a dozen other cryptocurrency companies. From the article. It says Sources told Bloomberg that this is the heart of the SECs investigation to determine whether BlockFi accounts are similar to securities.. If so, these products must then be registered with the agency.

. The SEC has not accused BlockFi of any wrongdoing. Thus far Has BlockFi engaged in any wrongdoing. Well, sir Bitfinixed, who has been all over the Tether case, has also been looking at BlockFi.. He tweeted on the day. The news came out about the SEC.. Blockfi is in a bad position due to their GBTC trade.. They took your Bitcoins. Deposited to Grayscale to get GBTC hoping to sell GBTC for more money after the lockout expired.. This trade blew up in their face and GBTC is NEGATIVE to Bitcoin.. They cant return. Your BTC. Wellthere is a website which used to be called ditchblockfi.comas. Its been taken down, but we can use the wayback machine to pull it up. And this website detailed. The trade. – The site said We understand that BlockFi takes client funds and creates GBTC shares with them in order to try and sell these shares at a premium to the price of BTC.. They currently promote a 6 annualised interest rate to depositors, depositing BTC.. So if their return from creating GBTC waiting 6 months and then selling GBTC for BTC is less than 8 6 for the interest they owe 2 to cover Grayscale fees per year. Blockfi loses money.. Currently, GBTC is trading at negative 7.89 and was recently as low as negative 15. Below is an internal BlockFi document they sent to investors. That explains this trade. – According to this, we believe that they have at least 1.8 Billion dollars of their own customer assets.

In this trade. – And they show the supposed internal document which detailed the tradeeven, including the projected revenues from the trade assuming the premiums held at the December 2020 premiums – Well, they didntthe wayback machine snapshot of ditchblockfi. We can see was taken in March of 2021then. Gbtc recently went as low as negative 15, but when the screengrab was taken, GBTC was at negative 7.89 percent.. What is it like today? Well checking out ycharts we can see that premium hasnt recovered it got as low as negative 20 percent in May of this year. Once again, lower than negative 20 percent in October, and as of yesterday, was negative 13.47 percent. Uh oh.is BlockFi in trouble, Did they take on way too much risk with customers funds that its now about to blow up in their face? Well, I cant be the judge. Jury and executionerbut now that I doomed and gloomed you lets switch gears and bring some crypto HYPE Im talking about Gamestop and their NFT platformwhich ties into a certain cryptocurrency., But before we get into that its time for a sponsored segment of this video brought to you By the team of SmartCoin, and like always, the full details of our agreement can be found in the description As it stands. The crypto world is pretending to be decentralized and fair, in reality, its controlled by the wealthy, the insiders and VCs who, time after time, pump and dump projects and rug, the masses its time to destroy the leechers of the old world and provide small time players and Whales, equal opportunity and incentive.

The SmartCoin Project is a multi phase. Yield farming protocol on Avalanche with an innovative self feeding tokenomics system with 2 goals in mind, first provide a safe, stable and profitable experience for yield farmers and number 2 to completely break DeFi and create a revolution in crypto Youre going to want to dig deep into This one but itll, be worth your time. Smartcoin just launched phase 3 of their project called SmarterCoin. The tokenomics investing strategies and core mechanics are subject to change from phase to phase. This is an exploration into economic theory, social behavior, web3, innovation, game theory and memetics …. A vibrant and helpful community has already formed on Telegram and the project has become a shining star of game theory in crypto, similar to the game theory of Olympus DAO, where users are encouraged to cooperate with each other to secure the most profitable, outcome. Phase 1 and 2 finished with monstrous success, seeing the TVL skyrocket to over 48M and their APR booming to over 25000 thru, their 2 primary reward incentives, the Double Double mechanism and the Bollinger Band Booster.. In Phase 3, they swapped the SMRT token for SMRTr and introduced a new yield farm experience with potential 6 figure APRs, along with enhanced mechanisms like SmartBuy and the DumbFee coming in Phase 4 and beyond, is a memecoin, an OHM fork. And if you want to play in this game til the end, you have to participate in Phase 3 in order to have the opportunity to cash in, on the final prize of Phase 10 rumored to be an 89 figure prize, pool.

SmartCoin has created a lot of Excitement and garnered the attention of all of DeFi Su Zhu, CEO of 3 Arrows Capital called the project, One of the most fascinating social experiments Ive seen in recent times. And tho, the team is anon to the public. The project has been audited by Paladin and RugDoc, and the team is fully KYC verified, composed of former blockchain founders, a Harvard professor top devs, a triple A game, architect and professional yield farmers and have a direct advisory board composed of core members of Trader Joe and Avalanche. SmartCoin is a social experiment., Its game theory. Its web3 education and learning., Its DeFi and a yield farm. Its a community token project. Its a lot of things and a lot of fun. And if you learn how to play by the rules and can work with the community, it can become financially life. Changing. Phase 3 is in motion and essential to the entire plan check out the link to their website and follow their twitter for the latest announcements. Some major announcements are coming soon, but most importantly, join their telegram and start interacting with the community. So you can play a part in this revolutionary crypto game Now back to Gamestop their NFT platform and the crypto who may be involved with it.. That crypto is one Ive been covering for a long time. In relation to this partnershipsince Juneand that crypto is. Loopring, Now going to the Loopring subreddit, there was a post titled Proof that the actual GME GitHub leak was legit Diving into the post.

It was posted by a user presence salt which breaks it all down. Ive included the post. If you would like to deep dive yourself., But we are just going to cover the things that are important.. So there was a code leak from Gamestopthat went under the radar. A few weeks, backbut Superstonk redditors found it. From Github a user windatang committed to loopring webv2.a commit titled NFT feature.. This commit was deleted, but using the waybackmachine, the researchers were able to pull it back. Up. Diving into the code. We can see that Gamestop is mentioned. 10 times in the code. Now jumping back to PrecenseSalts research, we can figure out the story., The post says.. Now after doing some research, I have a story on what mightve happened here. Windatang pushed the commit on October 26th, giving it the name of NFT feature., Soon sheor. He realised the mistake and tried to undo the changes.. Now the only option was to delete the whole repository which they did., But GitHub doesnt delete fork repositories, so we still have that repository under Bachopins account httpsgithub.comBachopinloopring web v2, which btw is a loopring developer, themselves. Fast forward to November 2nd windatang pushed another change to the Official loopring SDK, giving it the name of NFT feature ring a bell.. This is a real commit made by a real user to official looprings code.. Jumping into that code we can see mentions of Gamestop had been removedAlthough. There are a lot of similarities between the two codebases, which points to the fact that the code on October 26th was pushed as a part of a demo and on November 2nd.

The code was officially made part of looprings SDK, which will be used by GameStop.they. Just had to remove Gamestops name due to NDAs. Soo, my friends is this: the smoking gun An accidental leak from a Loopring DEV, which they tried to delete and cover up before the masses found out Well Presence. Salt added an edit to his postthat said. This comment does a pretty good job in explaining the similarities between the two codes. Juming to the comment. User, Dark Stapler, said Professional dev here also an ape Just joined your sub this evening. After writing. This post, I did review the earlier leak and the public one thats now actually a part of loopringsdk, and they are definitely very much the same.. This proves undeniably that loopring and GameStop are partnered to make an NFT marketplace. Given a couple assumptions listed below., They list those assumptions which Ill. Let you read his comment is also linked below., But then they say Judging the beforeafter progress on the two pull requests. I would guess the product is at least a couple weeks away before it can go, live but likely a bit longer.. They seem to still be adding quite a bit of new features at a quick pace. Couple weeks away. Possibly maybe a bit longer., Gamestop and Loopring is coming soon and remember. Who was the Youtuber who called it? First.

https://www.youtube.com/watch?v=dFDi11S0Mwg