Hey, this video was brought to you by our only sponsor on the channel. It's the programs on building your wealth linked down below and you can learn to build your wealth in real estate stocks and by being a hustler, making money either at your job or creating your own business, learning all about liability and business growth. Check out those programs link down below. Wow! CZ At Binance really knows how to get the Crypto Community supporting him and even though some of us have our suspicions, you have to give credit where credit is due.

They're doing all the right things to boost their credibility. at least where they can. In this video. we're going to talk about what Fortune insiders had to say Crypto quotes a latest analysis and what this whole Voyager game plan is.

Let's go ahead and start with Crypto Quant Hey everyone Me: Kevin Here let's review everything we can about Binance. Uh, at least the latest because Boy A Lot of people are wondering is Binance going to be the next FTX We've been covering this for quite a while and Cz's interview didn't give us a lot of confidence on CNBC though some of this might help crypto Quant who was a Critic of the FTX blockchain Behavior specifically around Ftt token has recently come out to conclude that Binance's reserves are quote not showing Ftx-like Behavior at this point and they found that Binance's BTC on-chain liabilities very closely resemble what they actually hold on chain. Now this is actually very good now, of course. Michael Burry tells us a proof of reserves are essentially meaningless and audits are essentially meaningless in the crypto world because most Auditors are just learning as they go.

But at least it tells us that when Binet says hey, our assets are backed one to one, it appears at least for Bitcoin Not sure about the other coins that Bitcoin is backed one to one. Now, there is no risk that the entire corporate structure of Binance could be pledging the value of Binance for loans. so that way they can make other Investments and potentially expand their business. For example, where did Binance get the money to invest 500 million dollars into? Twitter Where are they going to get a billion dollars to invest in? Voyager Digital.

When just a few days ago, they kind of that they didn't have 2.1 billion dollars available or they wanted their attorneys to speak to that. Yet now they're talking about Voyager And who knows, Maybe they were talking in such a way because they wanted to have the best possible negotiation with Voyager. and it's better to appear poorer when you're in a negotiation to try to get a good deal, right? rather than have to try to convince CNBC that you're solvent or liquid. Well, this from Crypto Crypto Quant does seem to be at least a boost to Binance's credibility, assuming of course, there's no connection between the owners of Crypto Quant and Binance.

Remember Crypto Quant did previously red flag FTX and they are not red flagging Binance. But then again, we can never be so sure about the connections between all of the folks in Crypto, and we should always be skeptical of everyone and everything that we hear. So remember. and I Want to be very clear about that When a corporation can say something like hey, look, we have all of our assets backed one to one.

Let's say you have the umbrella of Binance and here you have all of the BTC Holdings that customers have deposited and let's say they're a billion dollars of those. Maybe it is true that you do have a billion dollars worth of BTC on hand, but what if you've now gone ahead and pledged 500 million dollars against the value of Binance in its entirety? So that way, somebody else lends you 500 mils so you can go invest in Twitter and then you get another 500 ml to invest over here. A billion to invest over here and over here and over here. And if some of those bets start going bust and start margin calling Finance That's where the question comes up.

Is Binance potentially ever going to have to liquidate something like the BNB token? Now, the Binance token is one that Binance says is really decentralized and people shouldn't have these concerns. Although that doesn't really hold perfectly true because when in October, they were hacked for 570 million dollars by Finance was really quick to pause on-chain activities for B and B Finance is obviously under multiple investigations, but not just the Department of Justice but by other departments as well. So there are a lot of questions here that if BNB ever went down, you could see a similar kind of collapse that you saw at Ftt except B and B going down could also bring up good old tether fud again and could take tether down by deepiking tether as B and B might have to sell a lot of their feather. Assets Now A lot of that just fud understandably.

So CZ says we're going through a stress test right now and maybe it's nothing to be concerned about after all, this crypto quad argument is nice, but it still doesn't give us transparency about all of the liabilities that are held by Binance and that's something that CeCe says they're working on auditing, but they haven't revealed just yet. Now keep in mind, one of the things that was unique about the Ftt the finance the FTX token was is that FTX was essentially making Bets with Ftt and using Ftt as collateral. So when Ftt bets failed and the value of ftt fell, then all of a sudden the actual under the belief of the stability of FTX as a platform and the value of FTX as a platform fell. and when the value of FTX as a platform fell, the value of Ftt token fell more and so you had the stair stepping to Hell basically at FTX and at least according to Crypto Quant that does not appear what's going on or to be what's going on at Binance.

And this is also reaffirmed by insiders who spoke with Fortune who say that right now it does not look like the activity happening at Binance is anywhere near as bad as what happened at FTX. Now how bad is bad enough to still cause problems? Well, TBD But at least at this point, Binance is working really hard to at least create the appearance that they are strong and now they are offering one billion dollars for Voyager Digitals assets. Voyager Digital of course went bankrupt and they're offering 22 million dollars for other value for the company, which could be residual brand value. This is now leading the penny stock of Voyager Digital to Surge.

It has presently surged over 87 percent at the time of this recording you can see here: Voyager Digital has gone from a 20 stock all the way down to literally a 1.8 Cent stock. A Uh, basically a penny stock. Although a stock becomes a penny stock, once you hit five dollars, it actually became worth approximately a penny. It's now sitting at about 5.7 cents.

A nice move up there on just pure speculation over this Binance deal going through now. I Personally think Binance is using a lot of these as tools to increase their clout. It's useful to be able to say uh, yeah, we'll buy out FTX and then they pull out on that. It's useful to be able to say oh yeah, we'll buy Voyager digital to try to create the semblance of stability.

It's like what they're trying to do with an industry Consortium And this Consortium could collectively have money to basically create a bailout fund for other crypto businesses that end up having problems. Now, so far, it looks like less than a hundred million dollars from money outside of Binance was committed to this fund, so we don't have a lot of faith in that fund if problems happen to Binance, but Finance is trying to Showcase Hey, you know what? We're here to try to be the only lender of Last Resort because they're the biggest player left. So not only is them trying to show their strength with Voyager important crypto Quant Important Fortune Insiders important and the industry Consortium important, but they're also making sure to top off their promises. Remember when I called out that Seifu their Insurance Fund had fallen below thresholds by a large amount and they said they had a billion dollars, They had maybe three to four hundred mil available.

Well, they topped that off within about eight hours of my making that video and I'm not saying it was my fault that they made that video, that that update, but whatever. Tip them off to realize that their Insurance Fund was below threshold and then they topped it off. At least they did the right thing and topped it off. So a lot of things to think about here, but I will say so far, all the things we're hearing here are definitely better news than what we heard at FTX.

But I just want to be Crystal Clear Personally, I would not have my money in any stable coin or any exchange right now. not my keys, not my crypto. You could keep your yield I just want my possession. That's all I would be caring about right now, at least until we get through the bitter cold crypto winter.

It's just not worth a yield for a few extra months of patience in my opinion. Thanks so much for watching and we'll see in the next one. Good luck.