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Transcript

XRP Launches DeFi!🚀Rallies Crypto Market Rally!🔥 · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Everyone's going to be diving into some Ripple news today.
• 0:10
  Speaker 1: This is some amazing stuff for the market. It's why
• 0:13
  Speaker 1: we are seeing a little bit of a pump. My
• 0:15
  Speaker 1: name is Paul Baron. Welcome back into tech path. I'm
• 0:18
  Speaker 1: calling in remote today of course here on Valentine's Day,
• 0:20
  Speaker 1: just for you guys. But there is so much news happening.
• 0:24
  Speaker 1: We're going to get to all of that. I do
• 0:25
  Speaker 1: want to thank our sponsor today. And when you think
• 0:27
  Speaker 1: about not only Ripple, you got to think about Uphold,
• 0:30
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• 0:32
  Speaker 1: your XRP. You can discover crypto better. Uphold is the
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• 0:40
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• 0:45
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• 0:48
  Speaker 1: So if you're brand new to crypto, this is the
• 0:51
  Speaker 1: place for you, guys. All Right, the market is moving today,
• 0:54
  Speaker 1: and of course some of the things that are happening.
• 0:56
  Speaker 1: You've got to take a look at what's going on
• 0:58
  Speaker 1: with XRP up thirty teen percent right now, so pretty significant.
• 1:03
  Speaker 1: And when you look at the trending tokens. One of
• 1:05
  Speaker 1: the other things right there. Guess who is in there.
• 1:08
  Speaker 1: We've got XRP number two above trump tokens, So very
• 1:13
  Speaker 1: hot market right now. Lots going on within the XRP community.
• 1:18
  Speaker 1: One of the things is around the DeFi side of things,
• 1:21
  Speaker 1: and on the DeFi side of things, there are a
• 1:24
  Speaker 1: few things that are big that are happening. One of
• 1:26
  Speaker 1: the things that's happening here, this is just a tweet
• 1:29
  Speaker 1: out there on topper Finance getting ready for XRP five
• 1:32
  Speaker 1: early access. This is where they did their batch one.
• 1:36
  Speaker 1: It literally ran up in no time. And of course
• 1:40
  Speaker 1: I think they're going to go ahead and do a
• 1:41
  Speaker 1: batch too as well. But I want to go to
• 1:43
  Speaker 1: a clip real quick that will give you a little
• 1:45
  Speaker 1: bit more of the teaser here. So take a look.
• 2:06
  Speaker 1: Here's the tweet right here from Doppler Finance. First of all,
• 2:10
  Speaker 1: I'm surprised, they said, surprisingly, but they reached their two
• 2:13
  Speaker 1: hundred thousand XRP immediately after going live, so there was
• 2:16
  Speaker 1: a lot of pent up demand on people that are
• 2:19
  Speaker 1: holding XRP to look for yield. And that is the
• 2:23
  Speaker 1: thing that I think a lot of people miss just
• 2:25
  Speaker 1: how big this community is and the fact that we're
• 2:29
  Speaker 1: literally waiting on an area that could really open up,
• 2:32
  Speaker 1: I think for the very first time, a huge opportunity
• 2:35
  Speaker 1: in DFI. You can kind of see some key things here.
• 2:38
  Speaker 1: The TVL of course that maxed out. You've got the
• 2:42
  Speaker 1: three x boost right now, so that of course is
• 2:44
  Speaker 1: going to be huge. Notice you've got deposit lending and
• 2:47
  Speaker 1: liquid staking all available on XRP five. So this is
• 2:50
  Speaker 1: coming very fast. And this is where they were saying,
• 2:53
  Speaker 1: do the massive interest in batch one, we decided to
• 2:57
  Speaker 1: launch Batch two, so this is coming soon. Look at
• 2:59
  Speaker 1: the market cap right here of XRP. Let me zoom
• 3:02
  Speaker 1: in on that, and it's growing by the minute right now.
• 3:04
  Speaker 1: But right there's your market one hundred and sixty billion
• 3:07
  Speaker 1: that potentially could be looking at inflows or looking for
• 3:10
  Speaker 1: something out there to basically get to revenue generation, and
• 3:14
  Speaker 1: I think it's starting to show obviously in today's numbers.
• 3:17
  Speaker 1: Some other things you have to look at is where
• 3:21
  Speaker 1: and how much of XRP is being traded. Remember this
• 3:24
  Speaker 1: is the only other nonproof of steak token that's traded
• 3:28
  Speaker 1: in the top ten, so that in itself offers more benefits.
• 3:32
  Speaker 1: But here, but here's Coinbase's earnings that XRP is the
• 3:35
  Speaker 1: number two token right now being traded on coinbase. This
• 3:40
  Speaker 1: is ahead of Ethereum and Salona both. So when you
• 3:43
  Speaker 1: look at coin market cap, here's some of the things
• 3:46
  Speaker 1: you got to look at. First of all, Tether, yeah,
• 3:49
  Speaker 1: of course USDC, Yes, even die which is available almost everywhere.
• 3:54
  Speaker 1: Then you have Ripple coming in, So this is going
• 3:58
  Speaker 1: to explode in terms terms of adoption, and I think
• 4:02
  Speaker 1: also just in general volume is going to absolutely go
• 4:06
  Speaker 1: nuts with not only DeFi but also the opportunity of
• 4:08
  Speaker 1: what r l USD will be doing in a very
• 4:11
  Speaker 1: short period of time. All Right, So what you're looking
• 4:13
  Speaker 1: at here shows you how XRP and r l USD
• 4:16
  Speaker 1: is being used. So it goes right through toperi FI
• 4:18
  Speaker 1: and it goes both into stable coin and into centralized
• 4:23
  Speaker 1: and then also bridging into stable coin and on chain DeFi.
• 4:27
  Speaker 1: So basically you're getting on chain yields as well as
• 4:30
  Speaker 1: central DeFi yields. So now there are some other things
• 4:35
  Speaker 1: that could correlate to this. One is Root network and
• 4:38
  Speaker 1: you guys you've heard us talk about We've had the
• 4:40
  Speaker 1: Root team on here before LSD on the Root network.
• 4:44
  Speaker 1: This is still early stage, but the point being is
• 4:46
  Speaker 1: it's going to make things easier overall. So one tweet
• 4:50
  Speaker 1: right here from Eleanor this was a big deal because
• 4:53
  Speaker 1: the SEC now has acknowledged Gray Scales nineteen B four application.
• 4:58
  Speaker 1: This is going to convert XRP trust to an ETF.
• 5:01
  Speaker 1: Another tweet from Eleanor right here, we should give a
• 5:04
  Speaker 1: better idea before Coinbase stands with us today. SEC's deadline
• 5:09
  Speaker 1: is to respond to the company's requests for interoperatory repeal.
• 5:12
  Speaker 1: Remember that the Coinbase lawsuit could get actually released today.
• 5:18
  Speaker 1: This tweet right here kind of focuses in on the
• 5:21
  Speaker 1: staking side of things. And remember that this task force
• 5:25
  Speaker 1: is deciding discussing i should say, integrating staking into ETP.
• 5:30
  Speaker 1: So this could be done very quickly across a lot
• 5:33
  Speaker 1: of things. Any think about XRP having a new staking platform.
• 5:36
  Speaker 1: You look at ethereum with that opportunity as well. There's
• 5:39
  Speaker 1: a lot going on at the SEC right now. One
• 5:42
  Speaker 1: thing I want to notice on the SEC's website is
• 5:46
  Speaker 1: this whole list here. So this is a very critical
• 5:50
  Speaker 1: website right now because it most likely will be the
• 5:53
  Speaker 1: place where meeting logs are transmitted based on their meetings
• 5:57
  Speaker 1: with Ripple and or other coinbase, et cetera. So we're
• 6:02
  Speaker 1: going to see potentially very quickly who they're meeting with,
• 6:05
  Speaker 1: and we all kind of know what's next after that.
• 6:08
  Speaker 1: One of the things that's been going on with El Salvador,
• 6:11
  Speaker 1: as you guys know, is Bookeley has now rescinded or
• 6:15
  Speaker 1: pulling back the status of legal tender. This is all
• 6:19
  Speaker 1: during an IMF loan condition that is required. And one
• 6:23
  Speaker 1: of the things that happened from that was this right here,
• 6:27
  Speaker 1: Michael Saylor now meeting with President nab Buokeley. And of
• 6:31
  Speaker 1: course what are they talking about. Well, I think they're
• 6:34
  Speaker 1: talking about don't bail on bitcoin. That's what I think
• 6:38
  Speaker 1: they're talking about here, don't bail on bitcoin. And if
• 6:41
  Speaker 1: you look at that, it gets maybe a little bit worse.
• 6:44
  Speaker 1: Here look at the data on this confirmation times right
• 6:48
  Speaker 1: now on bitcoin have worsened in twenty twenty five, reaching
• 6:51
  Speaker 1: an all time high of nineteen minutes per transaction. One
• 6:56
  Speaker 1: thing to note right here on this tweet, you know
• 6:58
  Speaker 1: this is a BMT having some fun with this. Obviously,
• 7:01
  Speaker 1: this is Jack Maler from Strike. But point being is
• 7:04
  Speaker 1: is that this is getting listed on some major exchanges,
• 7:08
  Speaker 1: so the likelihood of this taken off would be real,
• 7:12
  Speaker 1: So keep an eye on this one as well. All this,
• 7:14
  Speaker 1: of course is marking what's happening in the market sentiment
• 7:18
  Speaker 1: as well. First, Ledger is doing something pretty cool here.
• 7:22
  Speaker 1: This is coming in fifty percent now of their first
• 7:24
  Speaker 1: leisure fees is going to go to boosting a lot
• 7:26
  Speaker 1: of these projects out there so that meet certain criteria.
• 7:29
  Speaker 1: These are meme coins potentially, so this could cause a
• 7:32
  Speaker 1: little bit of a boom on the meme coin side
• 7:35
  Speaker 1: of things within the ecosystem. And remember in many cases,
• 7:39
  Speaker 1: just like Solana when it ran up to its high,
• 7:42
  Speaker 1: a lot of that is driven off of what's going
• 7:45
  Speaker 1: on within the meme coin activity. Now, this next clip
• 7:49
  Speaker 1: I want to cut to. This is the moon Pay CEO.
• 7:52
  Speaker 1: This is an unbelievable story. Guys, you don't want to
• 7:56
  Speaker 1: miss this. Take a look.
• 7:58
  Speaker 2: Trump just on the meme coin went to four point
• 8:00
  Speaker 2: six billion dollars in like an hour. We get a call.
• 8:03
  Speaker 2: Mona calls because our cfhoe says Winpey has the exclusive
• 8:06
  Speaker 2: rails and Moonshot. The volumes were just gigantic. All of
• 8:09
  Speaker 2: the liquidity that we use to sort of fire the
• 8:12
  Speaker 2: crypto to sell a crypto like was locked in black
• 8:15
  Speaker 2: Rock accounts in a traditional finance sort of manner. And
• 8:18
  Speaker 2: it's Saturday of a holiday weekend during the inauguration, so
• 8:22
  Speaker 2: we have no access to our capital. All of the
• 8:24
  Speaker 2: reserves that we have are dwindling really fast. Well, mona,
• 8:27
  Speaker 2: how much money do we need to raise? Does the mathagans? Honestly,
• 8:31
  Speaker 2: the rate that this token is growing and the demand
• 8:33
  Speaker 2: that we're seeing one hundred million dollars we find one
• 8:36
  Speaker 2: hundred million dollars by when midnight tonight. It's just we
• 8:39
  Speaker 2: have no access to it. So I text Mike, I'm
• 8:41
  Speaker 2: sorry to bother you on the weekend. Do you have
• 8:42
  Speaker 2: a minute to chat with how much do you need
• 8:44
  Speaker 2: one hundred million dollars on us? Mike goes, Okay, no problem,
• 8:47
  Speaker 2: let me see what I can do. Whole conversation. Two minutes,
• 8:50
  Speaker 2: we get a call. They can't confirm that the funds
• 8:52
  Speaker 2: are real because it's a Saturday and no one at
• 8:54
  Speaker 2: Blackrock is picking up the phone call. And so fortunately
• 8:57
  Speaker 2: Lindsay has Well, our chief legal officer sits on the
• 9:00
  Speaker 2: board of black rocks ETF. She's calling her friends at Blackrock.
• 9:03
  Speaker 2: We get someone who can confirm the funds. Chris Over
• 9:06
  Speaker 2: at Galaxy calls up and he's like, guy's hand on heart,
• 9:08
  Speaker 2: give me your word, though you have no means on
• 9:10
  Speaker 2: these funds. In the meantime, after we gave our word,
• 9:13
  Speaker 2: they ask Ivan to personally pledge his entire life, like
• 9:16
  Speaker 2: his entire personal net worth on the line for this loan.
• 9:19
  Speaker 2: Not even a discussion. Signs away pledges his entire life,
• 9:22
  Speaker 2: and he's liquidating his personal bitcoin and like sending it
• 9:24
  Speaker 2: to moonpay to make sure that we stay up and running.
• 9:27
  Speaker 2: And finally, at eleven o'clock at night, the money comes
• 9:29
  Speaker 2: through one hundred million dollars. I wake up at six
• 9:31
  Speaker 2: o'clock in the morning and I'm thinking to myself, finally
• 9:33
  Speaker 2: a day that I could rest. And I look at
• 9:35
  Speaker 2: my phone and trump point is seventy billion dollars. But
• 9:38
  Speaker 2: if we don't raise another sixty million dollars today, we're
• 9:41
  Speaker 2: going to run out of money by tomorrow morning. At
• 9:43
  Speaker 2: the rate that we're going, this thing is just picking up.
• 9:44
  Speaker 2: Just if you cook with your runout of money. What
• 9:46
  Speaker 2: does he mean when people try to like buy crypto
• 9:49
  Speaker 2: with moonpage just as sorry it doesn't work Milania's sort
• 9:51
  Speaker 2: of launch happened at the same time. It essentially was
• 9:53
  Speaker 2: the equivalent of a d DOS attack on Moonpay's like servers, right,
• 9:56
  Speaker 2: because it was just everything coming full force. And so
• 9:58
  Speaker 2: I even goes, you know who I could text? You
• 10:00
  Speaker 2: know who I think could come through is Brad garling House.
• 10:03
  Speaker 2: So I even text Brad at seven in the morning.
• 10:05
  Speaker 2: Brad responds immediately says no problem, And at eleven fifty
• 10:08
  Speaker 2: eight on Sunday, another sixty million dollars comes through, and
• 10:11
  Speaker 2: by Tuesday, I think around two fifty eight in the afternoon,
• 10:14
  Speaker 2: we paid back the entire loan. What I walked away
• 10:17
  Speaker 2: from was these are just two amazing individuals. If Mike
• 10:20
  Speaker 2: or Brad ever needed a kidney, I should be the
• 10:22
  Speaker 2: first call they give. I would give both of my kidneys.
• 10:24
  Speaker 2: Over the course of a week, we onboarded seven hundred
• 10:26
  Speaker 2: and fifty thousand new consumers.
• 10:29
  Speaker 1: All right, So, as you guys can see, first of all,
• 10:32
  Speaker 1: that is an unbelievable clip of what happened behind the
• 10:36
  Speaker 1: scenes on this So you think about this, guys. First
• 10:39
  Speaker 1: of all, this is Mike novagrats ow a Galaxy Digital,
• 10:42
  Speaker 1: and obviously Brad garling House from Ripple. First of all,
• 10:46
  Speaker 1: they get it, they understand how the market moves. But
• 10:49
  Speaker 1: we are shifting to a new paradigm in how money, finance,
• 10:55
  Speaker 1: and systems are going to run. And for even Blackrock
• 10:58
  Speaker 1: to be out of the loop over the weekend, I
• 10:59
  Speaker 1: think Larry Fink is looking at this and going what
• 11:03
  Speaker 1: happens when all of this starts to run around me
• 11:05
  Speaker 1: in the future. This is a big deal because it
• 11:08
  Speaker 1: impacted one of the biggest meme tokens and still one
• 11:11
  Speaker 1: of the biggest meme tokens out there on an inauguration
• 11:15
  Speaker 1: weekend from the Trump family. So think about that for
• 11:19
  Speaker 1: a second. This is pretty significant. First of all, Donald
• 11:23
  Speaker 1: Trump Junior comes in, he follows Ripple account. Okay, that's
• 11:26
  Speaker 1: a pretty big deal. But remember that Garland House single
• 11:30
  Speaker 1: handedly on the backside of that saved the Trump Token,
• 11:34
  Speaker 1: the Milania token, all of that up to seventy billion
• 11:38
  Speaker 1: to be able to run the market making on this.
• 11:40
  Speaker 1: This is a pretty big deal because it could open
• 11:42
  Speaker 1: up an opportunity. We all know how DC works, guys,
• 11:45
  Speaker 1: It's all about favors. It's all about who you know
• 11:48
  Speaker 1: and what have you done for them? That alone could
• 11:50
  Speaker 1: be a big deal as well, so keep an eye
• 11:53
  Speaker 1: on that. Remember, Munpei was very integral in all of
• 11:57
  Speaker 1: this happening, So you have to look at not only
• 12:01
  Speaker 1: what the actions are, but then you have to kind
• 12:03
  Speaker 1: of look at the narratives behind the scenes. And some
• 12:06
  Speaker 1: of the things that you consider with that is where
• 12:09
  Speaker 1: Garling has has been and where he's been is in DC.
• 12:12
  Speaker 1: All right, that's Tim Scott right there. Okay, everybody knows
• 12:15
  Speaker 1: this is the guys that are on the on the
• 12:20
  Speaker 1: task force with Crypto. So Tim Scott, I got Richie
• 12:23
  Speaker 1: Torres right there. You can obviously see there is a
• 12:26
  Speaker 1: lot happening. There's Stuart al already, there's a lot happening
• 12:29
  Speaker 1: in DC right now, and of course Garding House right
• 12:31
  Speaker 1: there in the middle of all of this, so pretty
• 12:35
  Speaker 1: big news on this tweet. Right here you can kind
• 12:37
  Speaker 1: of see Icot maxic Tear's BMT. He's generated to add
• 12:40
  Speaker 1: to Trust wallets, so again you won't have to get
• 12:43
  Speaker 1: into some of these Jaman wallets or others that would
• 12:46
  Speaker 1: be able to give you access. This is going to
• 12:47
  Speaker 1: be a benefit. The other thing is is you look
• 12:50
  Speaker 1: at how payments are being integrated into all of this.
• 12:52
  Speaker 1: Now Army is getting a listing, and of course this
• 12:55
  Speaker 1: is all talking about payments, so everything from ripple arm
• 13:00
  Speaker 1: me BMT who knows what's going to be available here
• 13:03
  Speaker 1: to actually go out and pay with some of this.
• 13:06
  Speaker 1: So again this circumvents what bitcoin has been trying to
• 13:09
  Speaker 1: do forever, and that has become a payment rail. And
• 13:12
  Speaker 1: it all began right here the night before the inauguration.
• 13:16
  Speaker 1: You guys remember that photo of course, So let me
• 13:19
  Speaker 1: leave with this, guys. And this is because many people
• 13:21
  Speaker 1: kind of shade meme coins overall, and I want you
• 13:24
  Speaker 1: to think about this because there's a lot of correlation
• 13:26
  Speaker 1: to what's going on with DraftKings right here. So they
• 13:28
  Speaker 1: broke their eye gaming revenue out and what it showed
• 13:32
  Speaker 1: was four hundred and twenty six million in revenue. This
• 13:34
  Speaker 1: is despite it being just in five states, so this
• 13:37
  Speaker 1: is eleven percent of the population. The sports betting was
• 13:40
  Speaker 1: eight hundred and twenty five million, so they were over
• 13:42
  Speaker 1: half in only five states. Okay, that was twenty five
• 13:45
  Speaker 1: states versus five. This is crazy because when you look
• 13:49
  Speaker 1: at that and have I just want you to look
• 13:51
  Speaker 1: at this website because this is a DraftKings casino. What
• 13:54
  Speaker 1: does this remind you doesn't it look like pump dot
• 13:56
  Speaker 1: fund or some of these other platforms out there. This
• 13:59
  Speaker 1: is why meme coins are culture driven, and this is
• 14:03
  Speaker 1: why we're going to see more and more of this,
• 14:05
  Speaker 1: whether it's in the Ripple ecosystem or others. The fact
• 14:09
  Speaker 1: is they are going to lead out a lot of
• 14:11
  Speaker 1: what's going on in this next bull run. So keep
• 14:13
  Speaker 1: an eye on all this stuff, guys. If you guys
• 14:15
  Speaker 1: are not part of the Diamond Circle, make sure and
• 14:17
  Speaker 1: get in right now. It's a great place to get
• 14:18
  Speaker 1: additional content. Also, by the way, if you're not in
• 14:21
  Speaker 1: the Telegram group, there's a link right down below. Hit
• 14:25
  Speaker 1: that right now. Join me over there, we'll chat it up.
• 14:29
  Speaker 1: Love to get your insights on what you're doing in
• 14:31
  Speaker 1: the meme token market or which crypto assets you're starting
• 14:35
  Speaker 1: to go into right now. Anyway, catch me out there
• 14:37
  Speaker 1: on x It's at Paul Baron. We'll catch you next
• 14:39
  Speaker 1: time right here on Techpath