I Can't Believe This... Crypto Is Being ATTACKED! ALGO, XRP, QNT & More

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. There is a ton of stuff going on today. A lot of regulatory stuff, so we're going to give my thoughts on all of the regulation stuff with Binance, with certain cryptos being deemed securities or called securities by the SEC. We're going to talk XRP price, Quant price, what's going on with Algorand— it just continues to dump down. We're going to talk Casper, Corium, all of the great stuff that you guys like. If this video hits 1,000 likes or more, we will do a 100 XRP giveaway. But let's get into, uh, the market. So $26,489 on Bitcoin, $1,800, uh, $1,841 on Ethereum there. Uh, so not too good of, you know, pretty flat 24 hours. Uh, XRP is standing out. Now one of the crazy things here is look at the top 10 coins, right? So this year, XRP is the second best, uh, performer in the, in the top 10 here. But Lido staked Ether, so I don't even think that's on— yeah, that isn't on CoinMarketCap here. Uh, so XRP is basically the number one, uh, best— like, you'd get the best returns if you invested $1,000 on January 1st, 2023 you know, in XRP, you would have done the best. This is what that means. Uh, and with everything else, you would be down. Ethereum, you'd be up 9%. So decent on that. Uh, here's the total market cap, what we're looking like. This is the daily. Uh, usually, you guys know I like to look at this on the 12-hour, uh, and also with those Heikin-Ashi candles. Uh, and you can see, dude, we are coming down. Like, I do believe we will test $1 trillion again, okay? And that's why, you know, I am actively shorting Bitcoin and ETH right now, um, shorting them down a little bit. You know, my entry prices are a little bit higher, uh, for the shorts, but I do think we're going to see a little fallout here, uh, very soon. So here's the Bitcoin chart, right? I, I honestly think like this just can't it just can't last at these levels. Like, I think we're gonna come back down, even if it's $25,900. You know, we're gonna get there, in my opinion, uh, and then it might be time, uh, to actually head back up. Because you guys know, like, we don't stay above $1 trillion for a very long time. And, you know, we've— we have been above it. So next thing I wanted to show you is some of the, uh, the flows And then we'll talk about some news that has came out with XRP and different, and different regulatory news. But this is the positive flow for the week. So a lot of money flowing into Binance— or sorry, BNB. We've got CTC, never heard of that one. A lot of money flowing into XRP, uh, Monero, Volt, USDP, Kava. So this website is amazing, uh, for checking what people are buying and what people are selling. Uh, and this is cryptometer.io. This is not sponsored, shout out to them though. They also have the current trend, which it can show you the buying pressure and the selling pressure. So there's slightly more selling pressure right now, and you can view the trend history right there. And then if we go to CoinGlass, you can also see the total liquidations, uh, that have happened today, uh, and yesterday. And June 4th, we were hit with a lot of long liquidation. So almost $300 million in long liquidations. Don't get liquidated, folks. Use your stop losses, uh, and use your take profits. And you know, if you're deep into profit, move that stop loss up, uh, so that, you know, you can— if it does come back down, uh, you can almost break even on there. So this is what we're looking like with liquidations. I, I expect a lot more long liquidations coming. But we will see if I'm right. Once again, don't care in the slightest if I'm right. All I know is that Bitcoin cannot last. It's just not— it just doesn't have the strength to really, really pump yet and get going. And I think closer to the halving, we will, we will see Bitcoin really get some legs on it. So let's talk about what happened with Binance, right? Binance has now had to stop. They've suspended USD deposits as of yesterday, and they're notifying customers that their banking partners are preparing to pause fiat USD withdrawal channels, uh, as early as June 13th. Okay, so get your money off Binance, please. Okay, I've been using Binance for literally 5 years, and it's very sad, uh, to see them, you know, getting slaughtered by the SEC. But this is Binance US. If you have money on there, get it the heck off there. Um, and you'll be, you'll be fine, okay? But what's really happening right here is Binance is being sued, Coinbase is being sued, and Ripple is being sued. These are the biggest players in the entire industry. Gary Gensler is, is taking on the biggest players. Uh, BitBoy actually got word, um, he spoke to a Binance attorney and they are earmarking $1 billion cash to fight the SEC. They could basically hire every major law firm at once to fight for them. Just imagine, Ripple has wiped the floor with them with only $150 million. So Ripple has spent $150 million fighting these idiotic, idiotic SEC, uh, cases here. Okay, uh, and then the Binance attorney has now said they are preparing to use $1 billion against the SEC. Now I will say crypto is absolutely saved if XRP wins and Binance wins and Coinbase wins. Uh, that is what it takes to— what it's going to take to save crypto at this point. And you know what I'm thankful for is that people are more willing to rally behind Binance and Coinbase than they are, uh, with, with Ripple. So as we know as well, in some of these cases that have came out, they've been like telling these coins that they're securities. Okay, so here's some of the coins that they've declared securities, right? And these are not officially securities. There is no law around this, okay? There's no law. It's just a complaint, and it still needs to be proved inside of a court. So, you know, why is HBAR— why is, um, Quant— and why is— why are certain other coins not securities? Shiba Inu. This is because it, it really depends on how they started, right? Ethereum might have been a security when it started but it is now sufficiently decentralized to where it's not being deemed a security by the SEC. That's the same thing with Polkadot, right? It's all about how they start. So I urge you guys to look into how some of these coins started. The reason the XRP case— literally, if XRP loses, crypto is done for. All altcoins are done for. You want to know why? XRP didn't even do a freaking ICO. Ethereum did an ICO. Literally, Ethereum did an ICO. XRP didn't. So if the SEC gets XRP deemed a security, all of these altcoins are, are going to be in trouble, right? All of them. Because XRP didn't even do an ICO, and they're going to try to get that deemed a security, right? We know that ICOs are, are a little bit like they're a little bit like, okay, there should be some registration here. You know, this is a team saying that there's a promise of returns on most ICOs, right? Not all of them promise a return, but there's an expectation of return based on what the team is going to do. It's just a fact, right? Like when you get into a freaking presale for an ICO, you're getting in to make money, right? Like it's very obvious, um, for some of them, right? For some of them. But if they deem XRP— where you didn't— you couldn't even do that with XRP, right? There was no ICO. There was no early, like, ICO or anything. Uh, so that's why these are so much in trouble. I, I noticed, like, a couple months ago we went over this website called Crypto Rating Council, uh, and all of these are members. So Coinbase is a member of this. Circle, All of these are members, right? And you used to be able to go to the asset ratings area on this website and it would show you their ratings, um, of the top 100 digital assets. It would show you their ratings on if they're securities. They've now removed it. I can't find it anymore. Where is— where's all the ratings? Because I used to look at this and like it would show you on different cryptos, like the score if it's going to be a security or not. But they have now removed it, and Coinbase is a part of this, right? Coinbase, Paxos, OKCoin, a lot of big players are a part of this. Just a very interesting observation I had. Um, and then what else do we have here? Uh, on the regulation side, INX. So INX, um You know, INX was one of the, the security token exchanges, uh, that I was talking about a long time ago. And you know, they, they are properly licensed. They welcome your deposits, right? These are the properly licensed, licensed exchanges that the SEC has actually let into the game. So when— if all the, uh, all the crypto exchanges get accused of listing securities, go to, go to INX, go to the security token exchanges. Now let's get into XRP a little bit. Uh, Uphold has integrated with Zoom Wallet. Zoom Wallet is the MetaMask of XRP. So if you don't have a Zoom Wallet, you need one. Um, with Topper, Zoom users worldwide— excuse me— now have a fast easy way to buy digital assets with a credit card or debit card. Okay, so does this mean that you can buy XRP directly, uh, with your debit or credit card in the United States? How are they still doing this? I don't think that's what this means. Oh, it does, it does. You can actually buy XRP directly with your credit card. In the United States. How are they allowing this? I'm very interesting— I'm sorry, I'm very interested in Uphold. Uh, it is, it is interesting how they're still allowing that. I don't know, we'll see, we'll see about that. Now let's talk about, uh, one of the projects. Uh, this, this is not sponsored, but they have— Ape Runners has provided me with some NFTs. They've given our VIP members an NFT. We've done a public giveaway with them. Uh, and now they— this is a Bitcoin NFT project, by the way, uh, and this is my second one that I'm getting, you know, I'm my second Bitcoin NFT that I'm holding. But they're doing an airdrop, right, for the DGNX token, and they have actually given our Gold Squad VIPs, uh, airdrop, like whitelist. Uh, so you will get airdropped, uh, 1,000— what is it, 1,260 tokens? For free, a free claim. You don't even have to pay fees or anything, I don't think. 1,260 tokens, okay, if you're part of our VIPs. And there's a sign-up form in there, you can apply and you'll be able to claim your tokens. There's only 21 million of the DGNX token, and this is a BRC-20 token, so this is on Bitcoin. Super crazy stuff. It is on Bitcoin. Uh, so shout out to our Gold Squad VIPs, uh, you know, supporting us, uh, every single month. Very nice, uh, little benefit for them. Now let's talk about Algorand, right? Um, and you guys might, you know, you might be asking, what indicators are you using, Mason? What, what indicators are those? That's all I can say, okay? That's all I can say. Here's the Algorand chart, okay? 12 cents. Is this the bottom? Is this the bottom of Algorand? Okay, if we look at the weekly, I mean, it's looking like a bottom, right? The last time we were at this freaking price was in 2020. You can get into Algorand at 2020 prices right now. We are gonna do a live tweet on that, folks. You can get some ALGO tokens at the same price as in 2020. Opportunity. Tweet, live tweet, boom. Uh, if you see this video, go on to that tweet if you made it this far in the video. So here's the weekly chart, right? 2 days, it looks like we're slowing down. Daily, we're actually printing a green today. Very interesting. I'm riding with ALGO. If ALGO goes to 5 cents, I don't care, right? I don't care if ALGO goes to 5 cents. Like, but this is pretty crazy price action and pretty bad price action, right? Like, this is horrible, very horrible. So whoever's accumulating, accumulate. We got Quant breaking out of this downward trend line right here, finally broke out. Shout out to those who longed it at 100. If it goes to 100 again, you know, this time— hold on, here's what I want to say, right? We went to 97 or 96. That's way too close to exactly 100. So the next time that Quant goes down, I expect it to go a little bit further, okay? Maybe a little bit further, but I still will be probably longing it, uh, when it goes down there. So next thing, shout out to our Corium delegators. We got 58 8 Corium delegators. You guys know I am partnered with Corium, uh, and you know, these people are making passive income every single day, and it's so easy. If you want to make a, make a, uh, a bag, a long-term bag of Corium that you're planning to hold, why not stake it? Uh, why not stake it in the Gold Squad node right here? Uh, so big shout out to the Corium people. Uh, we're trying to get it so that we can offer like a special name color or a special role in our Discord. So you'll get like a special name color if you stake a certain amount of Corium or Casper. Uh, we're, we're further along with Casper, uh, in terms of doing the Discord integration, but we're at 120 stakers in the Casper node. We are taking over. Uh, we actually partnered with a big uh, Casper NFT project. We're gonna announce that soon, uh, and on Casper Dash, so the wallet on your phone, uh, if you go to the App Store, type in Casper Dash, uh, we're actually one of the top validators. So right on the app, like, you can send your Casper in and boom, you'll be able to stake your Casper right from your phone. So big shout out to all those, uh, people there. But this is the video. I love every single one of you. Drop a like and comment Uh, crypto is here to stay. I'm here to stay. I'll be making videos forever. Uh, follow my Instagram, follow my Twitter, all the links in the description. I love every single one of you, and goodbye.