Dogecoin, Shiba Inu & Bitcoin Breaking News! – Will Binance Collapse?

Dogecoin, Shiba Inu & Bitcoin Breaking News! – Will Binance Collapse?

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Dogecoin and Bitcoin are two of the most popular and valuable digital currencies on the market today. And things are only going to get better for them in the future!

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Whoo hey everyone this is Daryl from Daily crypto trading has come to you Live live from Vietnam guys it's a great Time to be alive so yes I am back in Vietnam guys it is a great time to be Back in Vietnam uh Bangkok weather was Fantastic it's beautiful sunny over There but the weather in Vietnam is not Looking too good it's like rainy and Cold out here so hopefully I don't get The flu hopefully I don't get sick but I Got the OG coffee and the OG Magda mug Guy so if you guys are ready we're gonna Get lots lots to talk about It's early morning Saturday I'm going to Be going to work soon so let's talk About what is going on with binance Let's talk about what's going on with Crypto right now uh things are not Looking good I must say things are not Looking good I took uh I took about one Day off from making videos uh just want To enjoy the last couple days while I Was in Bangkok and I basically turned on The computer this morning and I looked At the show out there when it comes To crypto and it was it's gnarly it's It's nasty so we're going to be talking About what is what is causing the Markets to go down why are things uh not As expected and let's jump in it guys Let's absolutely dive into it remember None of this is financial advice it's Just OG in-house expressing my opinion

So let's get it guys so hopefully we'll Have a better weekend a lovely jubbly Weekend but it's not looking too good Right now so we did see that yesterday The U.S markets closed basically down Everything was down and nothing too Positive to report there some of the big Stories coming in is that we're seeing a Binance native token uh plunges to Lowest since July as concerns Mount About withdrawals and FTX ties so you Know there's a lot of there's a lot of a Lot of stories uh you know circling the Interwebs a lot of stuff happening And you know some of it is fun some of It is fun we're also going to be talking About uh uh you know the main auditor That was auditing uh binance and other Crypto exchanges and they just kind of Like throw in the towel they walked out We're going to be talking about why they Did that what's going on with that uh Also going to be talking about Ben Armstrong and coinbase as well so looks Like BNB the coin created by crypto Exchange has dropped almost 6.5 percent In the past day and over 15 percent uh In the last week and a lot of this has To do with a lot of the flood That is being spread by Kevin O'Leary And just as a lot of mountain fun out a Mountain of fun out there there's people Are saying that the binance is not back One one to one uh and uh you know

Remember that the BNB token 50 of the BNB token is held by binance and they're Using the BNB token is used to Collateralize margin out there so if That fails what's going to happen uh is Zizzi gonna have to buy a whole ton of BNB to to make sure their price doesn't Evaluate and drop guys so we have to Talk about that so binance is facing Questions over its uh ability to handle Potential claw back demands of 2.1 Billion in FDX uh bankruptcy proceeding So that is well that's one also one of The major uh catalysts out there binance Has been an early and major investor in FTX it looks as if they may bail out the Rival exchange before opting against the Acquisition so this is kind of Interesting what is going on so Basically one after the collapse of FDX Investor concern over crypto exchange Binance is failing binance's native Token is down 15 as I talked about and BNB is the first amended in 2017 is the World's fifth most valuable Cryptocurrency uh out there so at its Total Mark cap is worth about about 39.9 Billion dollars out there the latest Issue Uh concerning uh binance is FTX Bankruptcy proceeding binance was the First outside investor in FTX in exiting Its Equity position in the company this Year binance received a payment equal to

Roughly 2.1 billion dollars remember so Binance exited binance got paid out 2.1 Billion dollars and remember in the Interview with cnbc's Squawk Box on Thursday binance C CZ dismissed concerns That his company Uh could have a money clawed back as FDX Winds its way through bankruptcy so the Concerns are That they did get paid out 2.1 a billion Uh you know so they exited you know About the 500 million dollars uh that um CZ basically dumped the token this is What caused it all the spiral stuff Happening but one of the big concerns Out there is that lawyers may say no you Got to pay the 2.1 billion dollars so That is not helping also the foot also The audit that's happening guys so a lot Of stuff is happening for for finance Right now so binance is dropping this is From Matthew Hayward he's saying get Your coins off binance be safe not safu So I believe it's it's more like binance Users uh reserves are there but don't Become a victim of exchange so what what He's saying is He's kind of he's I mean I think Matthew Hayward's kind of uh fueling the flood Here he's saying you know get your Crypto Finance I mean I don't think We're there yet I absolutely don't think We're actually at that point yet and Remember at the end of the day if all

The users withdraw their money then the Total market cap of Binance is going to go down so you know Once again I don't think we're there yet I absolutely don't think we're there yet Other other interesting it looks like Doge is trending on Twitter right now so That is pretty cool beans out there what Else is coming in we've also got this Thing from Dylan Sinclair and what he's Saying is that b b is currently serving As collateral for nearly the entire Crypto derivative complex Binance is the only game in town okay Binance is still holding game in town And an inflated BNB price is integral For marginal positions they own 50 of The entire float and they subsidize Financing costs uh against its Collateral guys so this isn't fun it's Just reality who's the natural buyer of The Last Resort for BNB who when when You know solvency of the crypto complex Gets margin calls the release valve is Simply the exchange rate guys so you Know and and Matthew Hayward says look This is a primary concern Question would CZ resort to selling Users funds to defend the price of BNB So that is that is concerned but I don't Think CZ would be that stupid to do that I don't think he's going to do that uh I Think if if the BNB price collapses I Think CZ will just let it collapse

Let it be natural I don't think cesy's Going to get uh get get into that kind Of situation Other bad news that's causing this whole Crypto crypto Market to dump right now Is looks like Mars group suspends all Work With crypto clients including binance Crypto.com citing concerns over public Perception of proof of Reserves so it Looks like Mars group out there has Suspended all work on crypto uh for Crypto clients uh and this is kind of Kind of interesting you know we saw that You know uh Mars group they did post Some of the results on Twitter and then Suddenly all of a sudden bam All the reports and audits are gone so The decision to cut ties and binance Cool and crypto comes comes after the Global accounting firm release proof of Reserves reporting several digital asset Exchanges so they did report they did Issue the report and then suddenly it Disappeared so what they're concerned About is uh in November we did see that FTX class puts Auditors and crosshairs Of clients and Regulators so one of the Reasons why Mars group pulled out is They're afraid that the SEC and The Regulators could come after them So I think what they what they did is They just said look we were pulling out We don't want to have none of this but

What's eerily irritating is why they Didn't think about this before they did The audit before they released The audit results on Twitter and then They pulled on it because a lot of People out there are going to see that And think that what's going on is there A problem with exchanges and that's Going to cause more crypto contagion now Brian Armstrong of coinbase hats up to Him he hired the top auditing firm Deloitte touch to to audit and I think What binance needs to do CC needs to do Is actually hire you know you know KPMG Deloitte two so one of these big Auditing firms to do a proper audit sure It's going to cost massive amounts of Money but that is what the market needs Right now we need assurances that crypto Exchanges are safe guys that's what we Need we need we we definitely need these Kind of assurances so that's what I Recommend that's what we need out there And once again guys if you got your Crypto on uh if you got your crypto on a Lending platform Or an exchange I suggest you get Yourself a knowledge or wallet guys go Down there check out the link guys I Would definitely be doing that what else Is coming in uh so we talked about that You know that ain't fun that 50 of the Collateralized margins are on BNB out There so but I don't think I don't think

Uh I I don't I do not think that BNB Would sell users funds to prop up uh Prop up their coin that's not gonna Happen that's absolutely I happen so Yeah you know these auditing firms Pulling out last minute bad luck also We're seeing that former FTX spokesman Kevin o'learo defends the endorsement of Uh bankman's fried Bank of a fried Script the bank Fried Chicken cryptos Firms so looks like investor Kevin O'Leary appeared on CNBC Squawk Box to Face questions over thoughts on disgrace FTX uh founder send back from free and Basically he just came out and said look Everybody is innocent until uh proven Guilty yada yada yada I mean I don't Know why I do not know why this snow Like would not just cut ties I just Don't know why doesn't it cut ties Anybody know uh I mean did he get did he Get to keep the 15 million I don't know but if I was Kevin o'lear I Cut ties guys also looks like uh it Looks like uh Elon Musk is in the Crosshairs again looks like EU threatens Elon Musk with his sanctions after Twitter suspends suspension of Journalists so looks like uh Vera the European commission vice president of Values and transparents said the news All the arbitrary suspension of Journalists on Twitter is worrying so Twitter Twitter uh abruptly suspended

Several high-profile journalists who Cover him including CN CNN correspondent Uh Donnie O'Sullivan and the New York Times Reporter rayon Mack guys so Basically the the EU is kind of saying Look uh you know we think that there's a That the censorship going on here blah Blah blah and uh and basically you all Requires a respect of media freedom and Fundamental rights adding there are red Lines and sanctions soon so it looks Like a Elon Musk is under Fire guys so Next week nothing big is happening in Terms of uh economic announcement Nothing happening uh Monday we got a Housing market that's about it nothing Too big out there fear and greed right Now we're seeing ourselves at 28. uh we Come down a little bit and but we're Seeing right now if you take a look at The heat map we're seeing most of the Crypto market right now is really not Looking good it's a bad look guys it is A nasty nasty look and I think this is Going to get a lot more sorry to say but Uh buckle up it's going to get worse Before it gets better guys and gals if We take a look at the total market cap Right now the total Mark cap has dropped In the last 24 hours a whopping 5.18 guys and gals and uh Bitcoin is Down ethereum is down Everything is looking nasty out there Look at Dogecoin Dogecoin is Hammer Time

Dogecoin is below eight cents out there So it is not looking good for those Right now Dosh has broken down right now Below our purple line of zero seven Eight nine we're sitting at zero seven Six nine probably our next Line in the Sand right now is the uh is probably Going to be the zero six eight six level So right now we are seeing we are seeing That the uh the uh the 20-day the 20 Days a simple move average is still Being held so that looks like it that is A support line of the 20 uh 20 SMA out There so it's not looking good for Doge Absolutely not a good look for Dogecoin Uh looks like Jim Cameron says binance Has no uh real legitimacy after what Happened to FDX who cares about Jim Cramer Jim Cramer is an idiot Justin Bank of international settlement Announces new policy that allows Banks To hold two percent of the reserves in Cryptocurrency that's bullish that is Actually bullish guys absolutely good News is out there side back with fried Chicken family called for Bohemian Prisons to request vegan meals for him OMG why don't we also request silk Sheets for that knucklehead so what's Going on at dogeco right now is saying Dogecoin is down 10.55 not so good out There we're seeing that the total Volumes uh trading volumes are up about 76 most of it is selling guys not buying

And we're seeing the market cap it's Just gingerly holding on to 10 billion Dollars out there so that is not a good Look at all uh we're seeing that Dogecoin right now it was at the seventh Spot right now where is Dogecoin it is Trending Dogecoin is trending on Twitter Right now but you can see Dogecoin has Dropped from seven to eight spot about 24 million mentions out there uh a Monthly volumes uh in terms of social Engagement down 25 uh social engagement 42 so not looking good this is not Helping the price we're seeing that Social mentions on the weekly also down 33 and 29 guys you've got to stop it You've got to continue supporting the Doge loving the Doge like crazy out There let's take a look what's going on Who's in the money who's out on money I Think we're going to see a lot of people Out of the money guys what is going on Here we go we're seeing 55 are out uh in The money my bad and 43 are out so not So good not so good dxy is going up not Good for crypto we're seeing that uh Bitcoin right now is dropped below Seventeen thousand dollars and is it 16 718 it did hit a low yesterday of uh 16 550. I think we're just going to be Trading probably you know in this range We could I think we could go down as low As fifteen thousand to 500 guys so get Ready get ready we can see more bleed

Out coming soon for cryptocurrencies on The weekly things are not looking good As well we're also down guys we've got One day and 23 hours left on this week Account so it's going to be two weeks of Negativeness for uh Bitcoin out there It's not looking good uh if take a look At binance reserves Buy has lost almost 10 billion since all this binance fund Has spread so that is not good guys Absolutely not good guys get be part of The freaking conversation out there Actually be part of the freaking Conversation guys and gals uh join and Show join my Discord link down below go Get it guys uh so you know You know it's absolutely incredible out There so guys it's not looking good it's Not looking good Shiba Inu is down she she was broken Down uh in the last 24 hours shipping Union was down like 4.64 is trading at Uh a bunch of zeros and eight and this Is probably going to collapse below uh Zero eight soon guys and gals uh Ethereum also a big huge red dildo down Minus seven point eight three percent Not looking good so guys all I gotta say To you is You know weather the storm Don't Panic Sell uh let's hopefully things do Improve uh I'm not I'm not feeling too Confident right now about that I wish I Had better news out there uh things are

Not looking good for binance right now So hopefully hopefully at least we'll Get an audit coming out hopefully Binance and CZ will choose Deloitte Touch or KPMG to do an audit that's all We need we definitely need some Satisfaction out there to prove that This one-to-one funds out there Otherwise if BNB collapses it's not Going to be a good look for crypto it's Not going to be a good look for you out There so guys and gals uh don't forget To follow me on my Twitter guys I would Appreciate it Follow Follow Follow The yellow brick road right there we got 5725 Falls I appreciate it and also guys Don't forget to go down check out all The linkage down below you wanna I wanna Let's get it guys don't forget to get The merch guys see what the cup of love Right here I would appreciate it so it's Uh I'm back in Vietnam not happy to be Back but what can you do what can you do I'm back so guys I wish I had good news For you crypto crypto sucks right now It's not looking good it's boring I wish I had positive news like fairies dancing On the moon pink unicorns I don't I just Want to bring it real guys so have a Great weekend spend some more time with The kids love your wife hug your kids be Blessed be well that's all I got [Applause] Foreign

[Music] [Applause] [Music] Thank you [Music] [Applause] [Music]

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