we have some big crypto news to talk  about in the market today so I want to  update you guys on exactly what is  happening in the crypto Market that you  guys need to be aware of right now and  also I want to do some updates on lunar  classic the cryptocurrency so a two for  one update in this video so if that  sounds good to you guys you guys enjoy  these updates make sure to smash the  Thumbs Up Button comment down below  where you guys are tuning in from and  guys let's get straight into this video  and I want to kick it off actually with  uh what's happening with the stock  market so the stock market actually  closed good on Friday and we have seen a  bit of a pump up in the crypto prices so  today at the time of making this you  know sometimes the crypto prices will  follow the stock market a bit of a pump  in the stock market bit of a pump in  crypto it's that simple and if we do  take a look at some critical updates  what is happening in the crypto Market  you can see right here a hacker has  drained three hundred thousand dollars  from the Olympus Dow on bond protocol so  this is not good in the crypto space and  it says here hacker drained thirty  thousand four hundred and thirty seven  ohm tokens from one of the smart  contracts on bond protocol that Olympus  Dell operated at 1 22 am the incident  took place because a contract failed to  properly validate the Hacker's malicious  fund transfer request so that is not  good in the crypto space you have to  remember some aspects of crypto still  kind of operate like the wild west and  you will get Bandits you will get  robbers out there who are trying to  maliciously exploit kryptos and that is  just a risk you guys need to be aware of  and on top of that we also have some  pretty interesting news about FTX so we  talked about sandbankment freed in  yesterday's video and have a look at  this this is a really interesting FTX  will de-list crypto Assets in the US  that it deems might be Securities  according to CEO Sam bankman freed so  bankman freed says that pending the  establishment of legal Frameworks that  would define and categorize crypto  assets his firm will attempt to  determine which coins can be deemed as a  security and I have to just pause and  say right here guys this is quite silly  in my opinion he's almost like acting  like he is the government in crypto  right now so he is actually taking on  the role of the government and he's  delisting he's going to potentially  de-list kryptos on his exchange that he  thinks is a Security even though that is  the government's job to determine even  though the government legislation they  are slow they are unclear they are  ambiguous and you guys know the  government doesn't really like cryptos  and uh one thing you can do as a  consumer though so is simply if you do  have a FTX account and you're not fond  of what Sam bankman freed is doing with  his policies simply move to a different  exchange so one of the best exchanges I  personally have been using recently is  maxseed.com so I like this one why do I  like this one because I have some really  nice bonuses but on top of that they  also they also list lots of moon shots  and so lots of fun the small cryptos and  I like those little cryptos and Sam  bankman freed you know what happens if  his own crypto Solana is deemed a  security is he going to deal that and  then is there what's he gonna do there  and uh he is just taking on the role of  uh the political governor in crypto  almost to some degree but again he's  only going to have power if you allow  him to have power and what I mean by  that is it is is if you use his exchange  so there's lots of other crypto  exchanges out there you can use  different ones but it's just totally up  to you what you guys decide it's not my  decision but that is how you give people  power so again people are going to  implement their policies whether you  want to be part of that or not it's  really up to you but you can leave that  crypto exchange should you wish and guys  let's talk through some specific Terra  Luna classic updates today so we have  had some updates about Terror classic  there is lots of development happening  for this I did see this big medium post  get retweeted by Edward Kim and uh have  a look at this so this has to do with  integration for Terra classic and they  are you know putting out the guidelines  for developers on people how to  integrate Terror classic into different  areas infrastructure of cryptocurrency  interfaces and this is cool guys so this  is exactly kind of what we need for this  cryptocurrency as I've said before as a  very very big picture of Terror classic  you know what's going to really give it  value uh you know the top cryptos at the  top the reason they're highly priced the  reason they've got a lot of value is  because there's a lot of utility there's  a lot of real demand behind those crypto  so people buy those cryptos uh because  they like to use them for different  things so again ethereum people going  for idos icos on the ethereum network  BNB same deal right there and again as  Terra classic increases that development  increases more cryptos coming onto the  chain and gives people a reason to buy  up terra classic to participate you know  buy some new projects I reckon that is  going to be bullish for that crypto so  this post right here is a good one from  The Terror at Rebels team we also know  in the background of Terra classic there  is also a strong Community people want  to see a terror classic get listed on  coinbase there is also petitions to get  it listed on Robinhood which is really  really good and uh the Terra classic  community over on Twitter is very very  strong so that is another bullish thing  happening for Terra classic so I think  right now Tara classic utility  development of apps getting developers  onto the Terra classic chain that is  going to be bullish for this  cryptocurrency and if we take a look at  the crypto bubbles today how are we  going with the price so again we had a  good push-up of the Dow Jones on Friday  crypto prices are looking good Chili's  is looking good cspr is looking good  apcoin is up 8.1 percent so shout out to  eight coin right there and a lot of the  cryptos are actually up in the green  today so that is really good and if we  jump over to the Bitcoin price we did  recover a bit so yesterday it dropped  down into the 18 000 range and now we  pushed back up to around 19 100 as well  so this is good and I'm still a Believer  though that for bitcoin price to really  Moon and this will bring up all the  other alt coins in your portfolio be it  lunar classic be it Shiba Inu xrp what  do we need to see we need those macro  economic drivers in the economy we do  need to see inflation under control we  need to see the politics get a lot  better around the world as well so  there's a lot of conflict at the High  high levels and I think once that gets  solved that would be really bullish for  crypto so Bitcoin trading around  nineteen thousand dollars but long term  I'm still bullish on cryptocurrency long  term I'm still bullish on bitcoin and if  you guys like crypto Zeus you guys want  to support the channel you can check out  some of the links to different exchanges  in the description of this video Maxi in  particular is a good one so I do like  Maxi and currently they have an  exclusive bonus for you guys interested  in trading around Futures up to nine  thousand one hundred dollars though so  you guys make the most of that if you're  into Futures Trading I'll leave a link  to that in the description of this video  and today's shout outs go to first one  goes to Jeff Rose and he's tuning in  from the Philippines so shout out to  everyone in the Philippines today very  beautiful country over there and I also  want to give a shout out to uh crypto  Shady so he wanted a shout out and I'm a  man of the people so shout out to crypto  shirty today thank you for tuning in and  if you guys want more shout outs make  sure to drop your comments down below  where you guys are tuning in from today  and give some more shout outs when the  next video is up on the channel guys  that's a big update for today I hope you  guys enjoyed it and I'll see you guys in  the next one crypto Zeus signing out