Binance Just Got SUED By The SEC! WILD XRP Price Predictions, HBAR & Important Crypto News Today!

What is up? I am Crypto Mason and welcome back to the Crypto Mason YouTube channel. Shout out to the Gold Squad. We look for gold in every single aspect of our lives and we always find it. Now today we are back for another market update. A lot is happening. Bitcoin is ripping back up. We had a massive crash Uh, but we have started just blasting back up through all of the levels. We're going to talk about that. First things first, if we hit 1,000 likes on this video, that will trigger a 100 XRP giveaway inside the Free Crypto channel right here. Uh, Shuffle Zero, shout out to you for winning the last 100 XRP. Uh, but get us to that 1,000 likes and that will be triggered. Now, first things first, I wanted to talk about our nodes, our validator nodes. We currently, as the Gold Squad, we have a Casper node, uh, and we have a Corium node. Okay, so here is our Casper node active on the Casper blockchain. We are helping secure the blockchain, and you can actually stake your Casper inside of our node. Okay, and we have almost 100 delegators so far. There is a tutorial my last video was the tutorial. We almost have 100 delegators, we're at 99. So how this works though is, you know, you get 10% APY. Now that can go— that can fluctuate up and down, uh, and then also the Casper token price can go up and down, but your rewards will auto restake every 2 hours. So every 2 hours, the, the Casper tokens that you have earned will go back in. right? So you will just have this exponential growth, uh, and you know, you can help secure the dope, uh, Casper blockchain and become a part of an awesome community. Now here is, uh, the Corium validator, 50 delegations already. If you don't have any Corium, get yourself some Corium and drop it into our validator right here. This is 32%, uh, annually that you will earn. And obviously it'll fluctuate. So the other thing I wanted to talk about before we get into the market here is episode 4 of The Gold Pod is coming out. This was our most controversial and, in my opinion, our best episode yet. So make sure you are subscribed to our podcast channel, turn on those notifications, and, uh, wait for that next 4th episode. Now let's get into the market here. 5% up on Bitcoin, and just yesterday we were 5% down on Bitcoin. So the recovery, uh, has been tremendous and blasting through the $27K mark even, which I didn't think was going to happen. Uh, we have Ethereum at $1,879, kind of lagging behind on the 24 hours. Uh, and then we have XRP doing very well as well. Our biggest gainer is Pepe. So what do I think about Pepe? It's not going to recover. It will never ever go past all-time high again, uh, and I, I'm willing to be on record saying that, and I'm super willing to be wrong saying that. I don't care if I'm wrong, but I know how these coins work. Pepe will never get past, uh, its all-time high again, just like Dogecoin will never ever ever get past its all-time high again, and I don't care if I'm wrong on that either. So $1.1 trillion on the total market cap. Here's our chart. Look at that, right? Look at this, equal candles. Like, what type of bullshit manipulation is happening with Bitcoin right now? Just look at those candles, like they're like the reverse of each other a little bit. Absolutely amazing what's happening with Bitcoin. But still, like I'm telling you, as soon as we get above this, it starts getting weak, right? This took a couple weeks, but we started getting weak, and now we're coming down, right? So are we gonna dip below $1 trillion? Uh, I am in a short on Fairdesk right now, so I do want to see us dip below $1 trillion. Uh, but dude, it's so— Bitcoin is so manipulated, it's absolutely insane. Uh, right here you can see, you know, that, that huge candle right there, just massive recovery within 12 hours. You can see on the 4-hour as well, like, this has really happened very, very fast here. Um, and we will see where that goes, man. We will see where that goes. But, uh, one thing I wanted to note, it's not a coincidence. It is not a coincidence that Bitcoin is now dumping and then pumping right when Hong Kong allows retail crypto trading. There are probably some big Hong Kong whales who wanted to get in at a discount and now they longed it up to $27K, right? That it's just the truth of the matter. And they used this massive Binance news, which we will talk about. I will give my thoughts on this. But the Hong Kong situation needs to be taken seriously. And, you know, even Tron, Justin Sun from Tron, thinks Hong Kong will be a big fiat on-ramp. So, you know, what if they wanted to dump it right to here and then they couldn't even wait? Like, they couldn't even, like, be patient and just, like, let us ride out right here a bit, go up, maybe go back down. They couldn't even wait. They just had to pump it right back up, and they all got in right there. Okay, so absolutely insane stuff happening right now. Uh, this is one of the sites, the websites that we talked about, uh, in our VIP Alpha section. Uh, so this is some exclusive insight into some of the resources we've found and are giving the VIPs. This is an amazing thing to watch if you want to understand candles and you want to watch Bitcoin, this is the 5-second chart of Bitcoin. Okay. So you can see like people are capitalizing on this, right? Like tens of thousands of dollars were made shorting from here to here. So and that took like 20 seconds. Right. And to zoom it out on a bigger scale, like basically right here, this is still today. So this chart, like, this is all today. This is all June 6th, this entire chart. So look at how far— like, this can teach you how volatile Bitcoin really is. Uh, and on this you can see a live feed. This isn't sponsored, by the way. This is just a great site that all the traders use. Uh, and you can actually see all the, um, buys and sells coming in across all exchanges right there, right? And then on the side you can see the liquidations. So you can see actually who is getting liquidated. Look at that $2.9 million buy right there. $2.9 million of Bitcoin somebody just bought. And see, that candle is being created. But when you— when the price dives like this, you'll see some liquidations. I have mine set that it's looking for liquidations above $50,000. So if they get liquidated for above $50,000 Uh, it'll show it. Now I just wanted to give you guys that as a, as a very nice trading, uh, resource right there. However, it can induce anxiety, so I will, I will, uh, you know, preface it with that. Be careful using this because you can get addicted to just sitting here and just like— it's almost like a gambling thing of like you're, you're just zoning in on this chart and wanting it to go up. And look at those buys flowing in. Oh my, look at that. See, it, it's extremely fun to watch and it really teaches you how candles work. Look at all those big sells coming in. Like, it's pretty crazy to have open. Now let's talk about the Binance, uh, situation here, okay? So Binance was sued by the SEC. It happened, it happened. Coinbase is also being sued by the SEC, right? And there's other exchanges that have also been sued. They are suing, uh, CZ and Binance and the operator of Binance US, and they are calling this a web of deception to evade US laws. The SEC has alleged, uh, Binance in 13 different charges of artificially inflating its trading volumes, diverting customer funds, uh, failing to restrict US customers from its platform and misled investors about its market surveillance controls. Okay, so this is a huge deal. Okay, do not listen to CZ when he tells you to ignore stuff like this. This should not be ignored. Okay, if you're bullish on Binance as a whole— honestly, I am, and I don't want to see Binance fail. They're, they're removed from Canada now, which sucks because I've been using them for 5 years. It's very sad that I can no longer use Binance probably by 2024. So Binance, if you're still bullish on them, you shouldn't ignore what just happened. This is absolutely crazy stuff that's happening, and just please do not ignore, um, this lawsuit and anything happening with all the exchanges being sued. So since they actually got sued, uh, within 24 hours, Binance users have withdrawn over $3 billion across multiple chains, uh, and they've had a $1.43 billion negative, uh, negative net flow as of 3 PM UTC. So huge withdrawals happening, um, and you know, Gary Gensler's cracking down a little bit more. We're going to talk about that too. Here's the thing though, you stupid idiot Gary Gensler. Tony Edward says, uh, or Thinking Crypto says Coinbase, Kraken, and Binance all got Wells notices and got sued, but the F— uh, but FTX did not get any Wells notice or sued before their collapse at all. SBF and FTX officials met with Gary Gensler And he must be drunk or something. This is— this is messy tweet, Tony. Were you drunk? I'm just joking. But, you know, they met with the FTX guys while they were committing fraud and Gary didn't do shit. But now he's cracking down. I guess it just makes sense, right? That just shows you how dumb Gary Gensler is. Like, number one, it shows you how dumb Gary Gensler is and just how stupid the SEC is. Number 2, it shows you that like FTX was the sacrifice, right? Like FTX had to happen for them to go and crack down on other crypto exchanges. Now this obviously, uh, dumped Bitcoin, right? Like, thank you for protecting, protecting the investors, uh, right? Because you caused like a 6% dump and we all lost money because of these idiots, right? So, and I did want to show one thing. Hold on, let's see if we can, um, look at my searches. Like, Bill Gates on Epstein. Okay, so let's, uh, let's search up, uh, uh, what's his name, Armstrong, uh, what's his name from Coinbase, Brian Armstrong. I wanted to read his— I forgot to pull this up— his tweet about this was amazing. Uh, let's just scroll till we find it over here. Right here. So the SEC also made a complaint, um, against, uh, or sorry, oh yeah, this was today. They made a complaint, right, against Coinbase too. The SEC reviewed their business and allowed them to become a public freaking company in 2021. Number 2, there is no path to come in and register. We tried repeatedly so we don't list securities. We reject the vast majority of assets we review. The SEC and CFTC have made conflicting statements and don't even agree on what a security is and what is a commodity. They don't even agree. This is why the US Congress is introducing new legislation to fix the situation and the rest of the freaking world is moving to put clear rules in place. Instead of publishing a clear rule book, the SEC has taken a regulation-by-enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it. So he's saying they are ready for war. Here's the thing, SEC is going at the titans of the industry now. Right? They, they're coming at Coinbase, they're coming at Ripple, bro. Trust me, Ripple and Coinbase both have the money to fight the SEC back, and they will not back down. Speaking of, uh, the Ripple case, Brad Garlinghouse speaking out against Gary Gensler as well. This is hilarious. If it wasn't already, uh, he says, if it wasn't already clear, it should be now. Chair Gensler's laughable pro-innovation stance is exactly the opposite. What this also tells me is that the SEC is throwing lawsuits at the wall and hoping they distract from the agency's FTX debacle. It's embarrassing to watch an unelected bureaucrat flail like this to mask the fact that he and his agency don't have the power that he so desperately craves. No one is fooled. Wow, wow, wow. And just look at the support, right? Like, these are big tweets. Like, 10,000 likes on a tweet is massive. Like, Brad is pulling— is pulling those, right? Like, there's attention in the right spots to an extent. Gary has also came out saying we don't need more digital currency. So what's my thoughts on this, man? If Binance did shady stuff, they did shady stuff. And they'll lose in court, right? If they did— if they actually did— can be proven that they did shady, bad, illegal things, right? I'm not advocating for illegal exchanges to do illegal things. We just don't know what the hell is illegal in the crypto space. And they, they're saying that, yes, we, we already told you what's illegal, don't do it, right? But what the hell? Like Even, even in the Binance case, they listed a bunch of coins that they say are unregistered securities. And then in the Coinbase case, they forgot to mention those, or they mentioned other coins. Like, what, what is even going on? There's conflicting stuff happening. Like, what? Each exchange has the same coins listed, but in one lawsuit they're not listing certain coins, but in the other they are. Like, it's just so stupid. Moving forward, let's cover a little bit more, one more tweet about the SEC situation, and then we will move into XRP here. The SEC just sued Binance and CZ for breaking U.S. securities laws. In 2023, Gary Gensler's SEC has gone after 4 exchanges, numerous projects, and forced crypto offshore. Just a few years ago, he was teaching that 75% of the crypto market was not a security even in the US. Okay, now let's watch this video of this ugly rat, Gary Gensler.

So we already know in the US and in many other jurisdictions that three-quarters of the market are not ICOs or not what would be called securities, even in the US, Canada, and Taiwan, the three jurisdictions that follow something similar to the Howey Test. That we've talked about, 3/4 of the market is non-securities. It's just a commodity, a cash crypto. So you'll hear debates about initial coin offerings and what's a security, what's not a security— relevant, relevant and important debate. But for 3/4 of the market, it's not particularly relevant.

So he's— you hear him, right? Like, even in the US, and Canada, 70%, uh, are not securities, right? This is before he was SEC chairman. Here's the thing, when you say ICOs, you really have to be, um, be honest, right? Some of these could be deemed securities. We don't know. We, we really don't know what's okay and what's not. Here's what I want to make sure happens in crypto though. An initial coin offering should always and be able to be registered as an initial coin offering, right? I don't want to see it go to security tokens. I don't want to see it go to securities. I want there to be new legislation where— which allows you to do an initial coin offering legally and register for it. That's what we need. And if he was really pro-innovation, he would let that happen, right? Moving forward, let's talk about XRP, man. On June 4th, so, you know, 2 days ago, we had this idiotic article come out. Analyst forecasts XRP price at $92 by June 14th. Now, just right off the bat, this isn't gonna happen. Crypto geek was probably on meth when he, when he wrote this, or he's probably an AI, uh, bot. But this is not going to happen, right? The harsh truth is that XRP to $90 will not happen for a very, very long time. Literally so much shit has to change in the world for that to be possible. But it is possible, in my opinion, if you understand what XRP is. So $90 XRP is, in my opinion, is possible even with that market cap that it would have, right? Because if you really know about market cap, it doesn't matter in crypto. It does— it only psychologically matters. Uh, and once that's broken, which I hope— it's one of my biggest hopes for crypto is that we break the concept of market cap, right? HEX HEX is kind of doing that. HEX is kind of doing that and putting on display, because HEX really has— like, look at what HEX's market cap really is. I hate CoinMarketCap's new layout, by the way. Oh my goodness. So fully diluted market cap, $7.6 billion right there. Now where, where's the actual market cap? Am I tripping balls here? Where, where is it showing the actual market cap? What? Hold on, hold on, let me go and look at— um, this is weird. Where did— oh, they put it up there. So $526 billion. Let's look at HEX again. HEX really should be in the top 10. $2 billion. Sorry, HEX is at $2 billion market cap right now. So where would that actually put it? It should be in the top 30, but it's not. It's not because CoinMarketCap is gatekeeping the concept of market cap. So once one of these tokens breaks that and gets to like 70 trillion, which it might be Bitcoin that has to do that, um, until then we can't see XRP go to $90. Now speaking of CoinMarketCap, HBAR has just got a section added, uh, for their ecosystem. This is absolutely amazing. I've been waiting for this. So now if we go to categories, right, uh, I believe you can type in, uh, hold on, where is it? Uh, where is it though? Uh, the cat— it should be in categories. It should be in categories, I believe. Uh, okay, maybe it, maybe it, maybe it's too small right now, uh, to be showing up. I think it's too small. But here, uh, here's what it looks like, right? You have anything that's related to the HBAR ecosystem, uh, on this list. So Karate Combat, SaucerSwap, Jam token, which I'm bullish on. I'm bullish on Dovu, H-Suite, anything building on the HBAR, uh, network right now. So let's talk about, uh, one of our VIP benefits. I wanted to mention this. Shout out to the Sense bot right here. Uh, basically we have partnered with them to use this in our Discord, and essentially what this does is allows us to give our VIPs, uh, trading alerts by by text message. So literally I get texts to my phone of trading entries, and I can go on my phone, go to KuCoin or Fairdesk, and quickly enter and not miss those trades. Because we all know Discord can get really messy. Uh, and so if you're a— if you're building a Discord server of your own, or you know a project that would need this, this is absolutely an amazing platform. Uh, to do this, they— people can subscribe via Telegram or SMS. So they can— so as soon as you put, uh, your message in Discord, it'll be sent to their phone, like directly to their SMS. Very, very cool project. Uh, well, not even a project, this is more of a company. They don't have a token or anything. Um, but yeah, shout out, big shout out to Sense. This is what we are using in our Discord. Once again, if you're a builder of any sort or you have an NFT project, use this for your notifications, right? Because people are missing those @everyone's. Every Discord is sending out 30 @everyone's per week. It's impossible to keep up. So big shout out to them. Uh, another one of our partners is Commonwealth. I have staked my NFT, folks. I have officially staked my NFT. So if you got into Commonwealth Big shout out to you. I believe in this project wholeheartedly, uh, and you will be hearing a lot more about this. Like, basically me and Megan are both going to cover this until they reach what they, what they, um, have put forth in their vision. So if you come to the Commonwealth website and you click Genesis NFT, you can stake your NFT right here. If we go to the staking page and let me connect my MetaMask right here you can see I've already earned 25 Wealth tokens, uh, and when they release their Wealth token— so at TGE, that means token generation event, uh, you can claim them. You can claim them directly to your MetaMask, uh, earn daily rewards by locking your Genesis NFT until TGE. You can unstake your NFT at any time. Series 1 receives 27 Wealth Series 2 receives 5 wealth. So, you know, if you want to get a Series 2, uh, Series 1, they are expensive. I believe they're expensive. Uh, upgrade your Genesis NFT. Okay, wait, let's go to, um, we gotta get to the, uh, the OpenSea here. Oh shoot, I'm opening random tabs here. Uh, let's go to OpenSea and I'm going to show you how much these actually are. Like, they're already going for, uh, quite a bit. Let's look for the OpenSea link on their website right here. Uh, is it even there? I can't even find it. So Commonwealth, y'all gotta step it up. You gotta step it up on your, um, on your links. But let's type it in right here. Uh, do I already have it? Commonwealth. There we go. Okay, Series 1 is right here. They're going for 0.78 ETH right now. 0.78 ETH. Uh, and then the Series 2 are going for 0.08. Okay, but there's different benefits to each one. Now let's talk about, uh, one more partner and then we'll wrap up the video. Shout out to ByDeFi. We talked about them the other day. Uh, make sure to go and follow my copy trading. Sign up for ByDeFi with the link in the description. Uh, this is a great platform, great platform. You can get $100 in free, uh, perpetual contracts trading bonus, uh, if you sign up with the link in the description, uh, and you deposit $100, you'll immediately get credited $100 in free, uh, money to use, uh, on futures trading. So very cool. My copy trading profile is right here, Mason Versluis. As always, go follow it, go sign up for ByDeFi. So that is all we've got for today's video. I love every single one of you. Drop a like and comment on the video and goodbye.