Latest / The Paul Barron Crypto Show / Japan Goes All-In on Crypto!!!🔥Soneium Set To Explode
Transcript
- 0:00Speaker 1: Japan is all in to one blockchain. Today. We'll break
- 0:02Speaker 1: it down for you. Project crypto could start to shift
- 0:05Speaker 1: the global power. We'll show you how. My name is
- 0:07Speaker 1: Paul Baron, Welcome back into the show. I want to
- 0:09Speaker 1: thank our sponsor, and that is Coinbase. You guys can
- 0:11Speaker 1: get your whole crypto journey started over on Coinbase. Very
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- 0:17Speaker 1: Future of Money is here. A couple of things about
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- 0:23Speaker 1: two hundred bucks in crypto just by making your first trade.
- 0:25Speaker 1: That's the first thing. But you can also get the
- 0:28Speaker 1: adjacent wallet to Coinbase called the Base Wallet, so get that.
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- 0:34Speaker 1: So we appreciate that as we are filming this guys
- 0:38Speaker 1: ethereum is trying to break its all time high, holding
- 0:43Speaker 1: it around forty eight hundred dollars right now. On the
- 0:46Speaker 1: day we had clipped just a little above forty eight hundred,
- 0:49Speaker 1: so it's very possible we could see an all time
- 0:51Speaker 1: high literally within the day. Here we are recording. If
- 0:54Speaker 1: this video gets dropped on Friday, that's going to be
- 0:56Speaker 1: the case. Now. We showed you this video out what
- 1:00Speaker 1: was it, almost five months ago, and the point was
- 1:04Speaker 1: is that the Japanese are in a massive move to
- 1:08Speaker 1: try to restructure their financial system, and the way that
- 1:10Speaker 1: they're going to do it is what we're going to
- 1:12Speaker 1: show you guys today in today's video, because it's going
- 1:15Speaker 1: to get into a lot of detail. I think you
- 1:17Speaker 1: want to pay attention to. All Right, So a quick
- 1:20Speaker 1: post right here from Sotawana Nabi basically stating we're going
- 1:24Speaker 1: to bring the whole of Japan on chain, and this
- 1:26Speaker 1: is something that he's been talking about for quite some time.
- 1:29Speaker 1: Looks like this is going to happen now, guys, and
- 1:31Speaker 1: there's a lot to it. Japan's giant conglomerate SBI, you guys,
- 1:35Speaker 1: remember who that is, is all involved in this, and
- 1:37Speaker 1: of course Project Crypto is what is going to be
- 1:40Speaker 1: paving the way for this new token iszed world that
- 1:42Speaker 1: they're essentially getting into. And we've showed a few clips
- 1:45Speaker 1: about Soda talking about Startel. Today we'll get into a
- 1:48Speaker 1: little bit more of that detail. Japan's giant financial conglomerate,
- 1:52Speaker 1: SBI Holding, they're now partnering with Startel Group. So this
- 1:56Speaker 1: starts to shift things away from Ripple believe it or not.
- 2:00Speaker 1: Couple of points I want to showcase here eleven trillion
- 2:03Speaker 1: in the Japanese yen in assets under management and a
- 2:06Speaker 1: customer base of about sixty five million worldwide, including fourteen
- 2:09Speaker 1: million in security accounts. So all this, remember, Japanese market
- 2:13Speaker 1: is currently number five I believe in the GDP. We
- 2:15Speaker 1: look that up hovering beyhind India and Germany. And if
- 2:20Speaker 1: you look further into this report, our platform now will
- 2:23Speaker 1: enable continuous programmable trading of token is stocks, including US
- 2:27Speaker 1: and Japanese native stocks. Another possibility composable financial products integrating
- 2:33Speaker 1: token is stocks and DeFi protocols. This is something we've
- 2:36Speaker 1: been talking about for a while. And you guys remember
- 2:39Speaker 1: this guy, Yoshita ka Katau. This is the guy that's
- 2:45Speaker 1: leading up all of this evolution that's happening in the
- 2:48Speaker 1: Japanese markets. And he basically states here, this is all
- 2:51Speaker 1: going to be very interoperable, always open and accessible to anyone.
- 2:56Speaker 1: Last point he gets on leveraging star tales, proven blockchain infrastructure,
- 3:00Speaker 1: SBI groups, corporate ecosystem spanning finance and the digital space.
- 3:04Speaker 1: So this is getting heated in the Japanese market. So
- 3:07Speaker 1: what does this mean for the projects that are going
- 3:11Speaker 1: to be involved. You will remember the CEO of SBI
- 3:14Speaker 1: Holdings as one of the largest and most bullish people
- 3:18Speaker 1: on XRP. Obviously they've been involved in this for quite
- 3:21Speaker 1: some time. And this right here was an interesting post
- 3:24Speaker 1: by Ripple coming out right after the announcement, and they're
- 3:29Speaker 1: talking about this. You know, the SBI is basically bringing
- 3:32Speaker 1: in RLUSD to Japan in early twenty twenty six. Now,
- 3:35Speaker 1: I don't know why they're waiting that long with the
- 3:37Speaker 1: fact that we're starting to see the rollout of what
- 3:40Speaker 1: Sonium is doing right now. So that is a question
- 3:43Speaker 1: mark I would have for Ripple of why not go
- 3:46Speaker 1: ahead and roll out our LUSD start to feather into
- 3:49Speaker 1: the Japanese markets as a stable coin. Let's get into
- 3:53Speaker 1: the security ratings here of chains and why Sonium has
- 3:56Speaker 1: kind of gone this direction. And if you look right there,
- 3:59Speaker 1: top seven optimism setting at number seven right there, at
- 4:02Speaker 1: least in the category of the ratinga rating of course
- 4:06Speaker 1: ethereum and as we see XRP, Ledger not in that case.
- 4:12Speaker 1: So this is one of the things that I'm looking
- 4:14Speaker 1: at right now in terms of how this plays out.
- 4:18Speaker 1: One thing to look at is this chart right here.
- 4:20Speaker 1: This is the leisuermetrics for XRP, and it's struggling at
- 4:24Speaker 1: around this one million transaction mark right now. If you
- 4:28Speaker 1: compare this to what we're seeing right now on Sonium,
- 4:31Speaker 1: this change is quite a bit. They have started to
- 4:33Speaker 1: skyrocket literally over the last well this last year and
- 4:37Speaker 1: now holding a little bit over one million in transactions.
- 4:40Speaker 1: So this might be an opportunity I think where we
- 4:43Speaker 1: could see optimism being a play of how this all
- 4:47Speaker 1: comes together all right, Before we go into the power
- 4:50Speaker 1: moves that are happening that also correlate to this, I
- 4:53Speaker 1: want to thank our sponsor, and that is Uphold. This
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- 5:21Speaker 1: below to get started. All right, so let's jump over
- 5:23Speaker 1: to some power moves. This is Eric Trump planning his
- 5:26Speaker 1: visit to Japan in September for a crypto push, and
- 5:29Speaker 1: this will be a big deal because it's going to
- 5:32Speaker 1: showcase a lot of what's going on in general. We're
- 5:35Speaker 1: a liberty fi. You guys have seen us talk about
- 5:37Speaker 1: this quite a bit. Eth is a position right there,
- 5:40Speaker 1: but as you can see, finance holding a large position
- 5:42Speaker 1: right now, we're a liberty fi in terms of a
- 5:44Speaker 1: market cap. This of course all plays into what could
- 5:48Speaker 1: be happening in the Asian markets, and that is PlayStation
- 5:51Speaker 1: also getting ready to drop what could end up being
- 5:54Speaker 1: some big announcements at the Tokyo Game Show. This will
- 5:57Speaker 1: happen just around the corner, and Sony launches is on
- 6:00Speaker 1: the Ethereum network, paving the way for PlayStation. This is
- 6:03Speaker 1: another factor that we've talked about before, is that all
- 6:06Speaker 1: of this gets into gaming at some point, and that
- 6:09Speaker 1: I think is where many of these kinds of projects
- 6:12Speaker 1: are really gonna shine. Okay, let's go over to the
- 6:14Speaker 1: Japanese Yen because you can kind of see where they're
- 6:16Speaker 1: connecting to some of the apps out there, Avalanche in there,
- 6:19Speaker 1: polygon in there, ethereum in there, and of course astar
- 6:23Speaker 1: which is sonium. That is the point hence optimism that
- 6:27Speaker 1: plays into this. So this ecosystem is already stoked. And
- 6:32Speaker 1: one of the ways that it leads off, of course
- 6:34Speaker 1: right here with a sonium ecosystem with their bank tied
- 6:38Speaker 1: into that of course, is now partnership with Morpho, which
- 6:40Speaker 1: is lending within the bank. Then you can flow over
- 6:43Speaker 1: into the decks which is Kyoto. This all plays into it,
- 6:46Speaker 1: and then you have vaults coming in with Sake now
- 6:50Speaker 1: integrating super USD and this is super started to move.
- 6:54Speaker 1: This is another USD derivative. But the point being is
- 6:57Speaker 1: this is already in place, and now we're going to
- 6:59Speaker 1: start see I think a lot of growth going forward.
- 7:02Speaker 1: Sony even in a position now where they will be
- 7:05Speaker 1: launching the bank all writing on sonium. Back to our
- 7:08Speaker 1: point there and right here ethlayer two sonium on Sony.
- 7:12Speaker 1: This kind of ties it all together for you guys,
- 7:14Speaker 1: for the stable Yen with Sony bank. All of this
- 7:17Speaker 1: is being digitized very quickly and moving on chain. And
- 7:21Speaker 1: when you think about on chain, here's optimism with the
- 7:24Speaker 1: super chain ecosystem, right it is the OPI main net inc.
- 7:27Speaker 1: Which courses cracking. Then you got unichain sonium right there,
- 7:32Speaker 1: modes or et cetera. Guys, this is just pointing that
- 7:36Speaker 1: when you look at the growth of ethereum in general,
- 7:40Speaker 1: optimism and sonium are the next big mover. So pay
- 7:42Speaker 1: attention to what we're going to see. Just taking a
- 7:45Speaker 1: look quickly at optimism. Let me gump over here to
- 7:48Speaker 1: the chart and right now look at the this is
- 7:53Speaker 1: on the daily or actually this is on the weekly.
- 7:55Speaker 1: If you even go just go back to the March
- 7:57Speaker 1: high of four point fifty versus or Optimism is trading
- 8:01Speaker 1: at right now seventy eight cents. Again, this is not
- 8:03Speaker 1: financial advice. I'm just showing you what we're watching in
- 8:06Speaker 1: terms of research that is diving into what one of
- 8:09Speaker 1: the biggest countries out there in terms of global GDP
- 8:12Speaker 1: is getting ready to do on chain. So pay attention.
- 8:15Speaker 1: This usually indicates more movement in markets. And I think
- 8:19Speaker 1: that's the thing that is interesting here because the Japanese
- 8:23Speaker 1: are market makers. They have the largest holder or they
- 8:27Speaker 1: are the largest holder of US treasuries, and if they're
- 8:29Speaker 1: market makers, and this is kind of an interesting play.
- 8:33Speaker 1: If they start to feather out of US treasuries, what
- 8:36Speaker 1: does that do to the US treasury market. Well, that's
- 8:38Speaker 1: where you get into stable coins, which are now backstopping
- 8:41Speaker 1: the US treasury market. As the US stable coin market
- 8:44Speaker 1: starts to export globally, that could be a good transition
- 8:49Speaker 1: between the reverse carry trade coming out of Japan and
- 8:54Speaker 1: now stable coins propping up US treasury. So we'll get
- 8:57Speaker 1: more into this as things go. If you guys are
- 8:59Speaker 1: not part of the diming circle, get in right now.
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- 9:14Speaker 1: next time right here on The Paul Baron Show.