Crypto Mason delivers a daily market update covering the current state of the crypto market. He notes the total market cap at $1.31 trillion and a 1.94% rise, with Bitcoin hovering around $30,000 and struggling to stay above the $30k support level. The Fear & Greed Index sits at an extreme‑fear reading of 8, prompting his reminder to buy when fear is high. Among altcoins, GMT leads gains, Algorand offers a 2‑for‑1 promotion, Curve is highlighted as a favorite DeFi 2.0 play, while HEX and Luna lag. Mason draws a strong analogy between Ripple (XRP) and Amazon’s early days, citing a Grateful Dead quote from Jeff Bezos and previous videos that label Ripple the “Amazon of payments.” He reports Spotify’s trial of music NFTs, speculating on its impact on Audius and the broader NFT space. He walks through staking DOVU on dovou.earth, noting a $424k liquidity pool and a reward rate of 116,000 DOVU per week. A major Bitcoin conference in El Salvador, attended by 44 nations, is highlighted as bullish for Bitcoin adoption. He relays Sam Bankman‑Fried’s criticism of Bitcoin as a payments network versus the scalability of XRP, Algorand, and HBAR, and agrees that Bitcoin’s scalability issues make it more of a store‑of‑value. He mentions Mike Novogratz’s Luna‑related tattoo as a cultural footnote. Finally, he points viewers to a Forbes article on the SEC‑vs‑Ripple lawsuit for those needing a refresher. The overall market sentiment remains cautious, awaiting Bitcoin’s rise above $35k to boost confidence.
Chapters
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 daily market update. If you were paying attention on Instagram or Telegram, you would have seen that yesterday I was traveling to Minneapolis the entire day, so that's why we did not have a daily market update. But we are back in laptop mode for a while here, um, and we're gonna bring you guys a jam-packed daily market update, of course. So make sure you're following on, on the Twitter right there. Follow on the Instagram. We're approaching that 100K. We will do a crypto giveaway as soon as we hit 100K. Um, I don't know how much it's going to be. I wish it could be $100,000 that we could give away when we hit 100K. Uh, but it's not going to be $100K. Don't get your hopes up. So right into the market here, uh, one, the market's up 1.94%. Total market cap is at, uh, $1.31 trillion, as we can see right here. Still literally above the, uh, support line I've had for— above the support line I've had there for months. Um, and that, as we've said before, is from July of 2021. So essentially, we are, uh, we teleported in time back to July 2021, and Bitcoin on the short term is doing exactly, uh, what I said it would do. Oh, sorry, this isn't Bitcoin. Right here, exactly what I said it was going to do— continue to battle this $30,000. And I think it will continue to do exactly this. Um, as you can see, we can't even We can't even stay above, uh, this support right here, which is $30,000 exactly. We can't even stay above it. Uh, we keep diving below it. Right now we're above it, but I do expect us to come right back down and start bouncing around here. If I'm wrong, I don't care because Bitcoin is barely moving right now. It's literally in snail mode. So what are we looking like on altcoins? Everything is up basically except HEX. And Luna. Luckily we're only going to have one thing, very small thing about Luna today. Um, so here's all the altcoins. We got GMT is the biggest gainer, then we got Algorand as well, still at 50 cents. That's a 2-for-1 special, so you can get one— you can get 2 Algorand for $1. Um, so each $100 you spend is 50 Algorand. Very good deal. Uh, we've also got Curve at $1.46. That is one of my favorite DeFi 2.0 plays. Um, yeah, that's what, that's what the altcoins are looking like. We've got the Fear and Greed Index at an 8. We're at an 8 right now. Bitcoin's at $30,000. All the altcoins are significantly down, which that does contribute, but we're at an 8 on on extreme fear. I believe this is a record. I'm not sure if that's a record or not, but I don't think we've ever been at 8. So what do they say, man? You buy when there's extreme fear, right? Be fearful when others are greedy, be greedy when others are fearful. Okay? Man, I always get that confused. I think we got it. So you just basically buy when there's extreme fear, right? When everybody's scared and panic selling, you buy. And when everybody's being greedy, you should be fearful that it's going to come crashing down. Now, look at this tweet from Jeff Bezos right here. 25 years ago today, Amazon went public, and he says, as the Grateful Dead would say— why? As the Grateful Dead would say, what a long, strange trip it's been. It's been far from smooth. Lots of risk-taking, lots of invention, lots of mistakes, blah blah blah blah blah. All I care about, uh, all I care about for this is that he's quoting Grateful Dead. You guys know I have an entire playlist called XRP Decoded. Um, I'm— and I'm decoding the connection with Grateful Dead and Ripple because it is a very, very strong connection. Um, and it's kind of creepy, kind of creepy to be honest. So we've got Jeff Bezos weirdly quoting Grateful Dead right there. Um, and Ripple is the next Amazon. I hope you guys know that. We've talked about that before if you just go to my channel. And you search, uh, Ripple Amazon, right? Ripple Amazon. You type that in on my channel, you will see, um, or maybe you would— hold on, there's one, there's one right here. That's an old one though. Let me see if I can type in XRP Amazon. Uh, okay, I know for sure I've— oh, this one. Yeah, this one. So this one, 2 weeks ago. It's called XRP is coming for $120 trillion. XRP is coming for $120 trillion. And Brad has directly said that Ripple reminds him of Amazon in the early days. Crazy. Okay. So got a couple different things here that we're going to cover. Spotify starts trialing NFTs on its platform. Look at my brother FaceTiming me live on camera, dude. I can't answer you right now, man. I'm, I'm filming a video. Spotify starts trialing NFTs on its platform. He's spamming my FaceTime. Um, okay, Spotify NFTs on his platform. I've been saying this for a million years now, like probably actually like 1 or 2 years. Um, I want Spotify, Instagram, and NFTs to all come together. So I want, I want Spotify and Instagram to come together where I can have a a place on my, on my profile to show off the music I listen to. Um, but yeah, Spotify has apparently been testing, uh, NFTs on its platform. What is that going to do to Audius, right? Audius— I'm surprised Audius is going up. Actually, it does make sense that it would go up off that news. Um, and then you've got Opulus as well. I am still holding some Opulus. We got wrecked I got wrecked on Opulus, as you can see, flatlined, right? And that's because all the venture capital people who were backing this took their profit on Opulus and basically wrecked all of us. Um, so very bullish on music NFTs. Music NFTs, um, definitely are the future. Coinman the H Barbarian says, have you got carbon hands? We can now stake our Dovu on dovou.earth. Okay, we can stake our Dovu on dovou.earth. Um, this is very, very cool. So I'm, I'm gonna stake my Dovu. My Dovu is just sitting there not doing anything, right? Why would I not stake it? Um, and it doesn't look like that page leads right to it. Let's see. Oh yeah, Liquidity Pool V3. So click that and then click Dive In right there. Let's actually see what it does. I haven't checked it out yet. Um, okay, yeah, you'll just connect with your MetaMask, and it looks like right now there's $424,000 in there. Liquidity provider reward rate, 116,000 Dovu a week. Interesting. But we can stake our Dovu. I'm still bullish on Dovu— excuse me— as a project. Very good. Now, huge Bitcoin news right here. Uh, there's a Bitcoin conference going on in El Salvador and 44 nations are attending it. 44 nations. So that is absurd, dude. That is very, very bullish. Um, yeah, so El Salvador holding the Bitcoin conference, this is super bullish right there. Then we've also got SBF. This is, um, Sam Bankman-Fried basically responding to this where it says Sam Bankman-Fried, founder of FTX, said that Bitcoin has no future as a payments network because of its inefficiency and high environmental costs. Countries such as El Salvador and the Central African Republic have adopted Bitcoin as legal tender. He responds and says, to be clear, I also said that it does have potential as a store of value. Sam Bankman-Fried, folks, telling the truth. The BTC network can't sustain thousands/millions of TPS, although Bitcoin can be exferred on Lightning/layer 2s, etc. And these are not Bitcoin. So Bitcoin needs the external help to scale this big. It needs centralized external help. XRP does not need that. HBAR does not need that. And that is why the official people like the banks and governments will go with that to run, you know, the payment systems versus Bitcoin. And already I believe with like 95% surety— that should be a word, surety should be a word— with 95% surety that Algorand is the, uh, the, the thing that's making Bitcoin work in El Salvador, right? Because Bitcoin cannot even scale. Bitcoin is garbage. But he says it does have potential as a store of value. I agree, I agree. It'll be a collectible, right? Basically a collectible piece of gold that you own digitally. I mean, he's telling the absolute truth here, so there's no arguing with that. We also have Mike Novogratz. Um, he hasn't tweeted since Luna and Terra imploded. Novogratz was one of the people who promoted— now we need to make this clear, okay? Everybody talked about Luna. Everybody talked about Luna. It was a household name. That means it was one of the contenders in the Layer 1 battle. Therefore, every, every influencer I know colloquially mentioned Luna. It was just a household name, right? And at certain points, they might have been bullish on Luna as well. So don't get mad at people for like— nobody on this earth could have seen this coming. And Mike Novogratz also got this horrible tattoo. Horrible tattoo on January 4th of 2022, um, saying, I'm officially a lunatic. Thanks, Stablecoin, and thank you, my many friends at blah blah blah. And he's got Luna there. Horrible. Now, luckily, it does double as like Luna, that is the moon, right? Horrible still. Final thing we're going to cover here is the SEC versus Ripple has got another, uh, another— oh no, sorry, this is from December 29, 2020. But what I wanted to show you with this, um, why did I think this was new? What I wanted to show you with this is, uh, that this is like— go into the link in my description and read this article because if you're not caught up on what the XRP lawsuit is This Forbes article is a perfect, uh, perfect article right here. And of course, this is written by the, uh, the woman Roslyn, who has been writing everything, uh, like all the Forbes articles about XRP. So very good article there. That is all we've got for the news today. Um, I think the biggest news is probably that Spotify The Dovu staking, actually the 44 nations attending Bitcoin, pretty, pretty powerful. But as for the market, there's really nothing, nothing going on. We still have a stablecoin as the biggest loser today at 11 cents. Are we've, you know, I'm looking at XDC at 4 cents. XDC at 4 cents might be a good buy. Stellar as well. There really is nothing to say. All of this depends on Bitcoin getting back up. I want to see Bitcoin get back up above this, so $35,000, and then I'll feel a little bit more confident in the entire market. So that is all we've got for today. Make sure that you follow, subscribe, click all the buttons and all of that BS. Hopefully I can get some videos from VCon, but that is all we've got. I love every single one of you, and goodbye.
