Latest / The Paul Barron Crypto Show / Japan Declares Crypto War on China🚨Trump Backs Ripple vs Banks🔥

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Japan Declares Crypto War on China🚨Trump Backs Ripple vs Banks🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Japan and China declare crypto war. Today, we'll break it
• 0:03
  Speaker 1: down for you. There is a lot happening in the markets.
• 0:05
  Speaker 1: You don't want to miss it. Let's just jump right
• 0:07
  Speaker 1: in if you guys will remember, we've been covering the
• 0:10
  Speaker 1: Japanese markets and the China markets for quite some time,
• 0:13
  Speaker 1: and of course you probably saw this video right there
• 0:15
  Speaker 1: where we talked about Japan going all in on crypto,
• 0:18
  Speaker 1: obviously through the sonium chain. I'll get into a little
• 0:21
  Speaker 1: bit of details there, even Japan and China going to
• 0:24
  Speaker 1: battle years ago in a lot of the Web three tokens,
• 0:29
  Speaker 1: which of course we talked about quite at length. So
• 0:32
  Speaker 1: I think what we're going to see today is an understanding.
• 0:35
  Speaker 1: I think where what this means for crypto in general.
• 0:38
  Speaker 1: Let me go to this first clip because this will
• 0:40
  Speaker 1: start to outline how the Japanese Prime minister triggered China.
• 0:44
  Speaker 2: Take a look.
• 0:45
  Speaker 3: Takaichi met Chinese President seadent Think at a regional economic
• 0:48
  Speaker 3: summit a few weeks ago. She's refused to walk back
• 0:52
  Speaker 3: her comments and says japan stands on Taiwan has not changed.
• 0:56
  Speaker 4: And over the.
• 0:56
  Speaker 5: Weekend we got this travel ban or advisory rather for
• 1:02
  Speaker 5: Chinese citizens traveling to Japan.
• 1:04
  Speaker 4: And this has Chinese ships and military drones were also
• 1:07
  Speaker 4: spotted thirty Chinese military aircraft, seven Navy ships, and one
• 1:12
  Speaker 4: Coast Guard vessel around Taiwan over the past twenty four hours.
• 1:17
  Speaker 6: If Chinese travelers did go down to zero, it could
• 1:20
  Speaker 6: have an over two hundred billion yen hit on the
• 1:22
  Speaker 6: Japanese economy, which obviously is pretty huge and could also
• 1:27
  Speaker 6: even have implications for things like the Bank of Japan.
• 1:30
  Speaker 1: If you look at Japan's twenty year government bond yield,
• 1:33
  Speaker 1: they're surging quite a bit. Government prepares to print another
• 1:36
  Speaker 1: one hundred and ten billion stimulus package. That's the kind
• 1:40
  Speaker 1: of movement right there that we're talking about. And of
• 1:42
  Speaker 1: course to the note there in the clip is that
• 1:46
  Speaker 1: the impact on just the tourism side of things much less.
• 1:49
  Speaker 1: I think the economy there in Japan could be a
• 1:51
  Speaker 1: pretty significant going forward all right within the region. You
• 1:55
  Speaker 1: kind of have to consider what else is going on
• 1:58
  Speaker 1: within China and how the US is dealing with that.
• 2:01
  Speaker 1: Of course, Ali Baba JP Morgan showed that partnership. Let
• 2:05
  Speaker 1: me go to this clip because this gets into some
• 2:07
  Speaker 1: interesting situations that's happening here between the United States and
• 2:12
  Speaker 1: Japan versus JP Morgan and China, take a look.
• 2:15
  Speaker 7: A second part is that we allow regings of blockchain
• 2:18
  Speaker 7: technology is intech tokeonization is not starting from the stable
• 2:24
  Speaker 7: coin like when we work with JP Morgan, they has
• 2:27
  Speaker 7: their own cond of organization system stable coin, welcoming to
• 2:31
  Speaker 7: give out it after.
• 2:33
  Speaker 8: This, and that's very important because there is a difference
• 2:36
  Speaker 8: between tokenized payments and the stables. JP Morgan this year
• 2:40
  Speaker 8: launched the JPMD token, which is specifically designed for cross
• 2:44
  Speaker 8: border business to business payments.
• 2:45
  Speaker 5: It's be interesting to see how that pans out.
• 2:47
  Speaker 9: Their report is that Ali Baba allegedly provides tech support
• 2:50
  Speaker 9: for Chinese military operations against targets inside the United States.
• 2:54
  Speaker 9: The Chinese company supplies the People's Liberation Army with access
• 2:58
  Speaker 9: to customer data that includes IP addresses, Wi Fi information,
• 3:02
  Speaker 9: and payment records, as well as AI related services.
• 3:06
  Speaker 8: I suspect they're taking a hard look at limiting Ali
• 3:09
  Speaker 8: Baba activity in the United States.
• 3:11
  Speaker 1: So now you've got JP Morgan that is directly entangled
• 3:16
  Speaker 1: with the Chinese via Ali Baba. This of course sparked
• 3:20
  Speaker 1: a fairly big reaction from the administration let me go
• 3:23
  Speaker 1: to that clip.
• 3:24
  Speaker 4: What are you saying about JP Morgan.
• 3:26
  Speaker 5: JP Morgan then de banked us at that time.
• 3:29
  Speaker 4: Wow soon, So JP Morgan gave us a statement, we
• 3:32
  Speaker 4: do not close accounts for political reasons.
• 3:34
  Speaker 5: Well, then why the hell did you debank Trump Media?
• 3:37
  Speaker 5: You know we had a clean bill of health, We
• 3:38
  Speaker 5: just got approval by the SEC. Why would you debank
• 3:42
  Speaker 5: somebody that wants to deposit two hundred and fifty million
• 3:44
  Speaker 5: dollars into your bank. We're going to do everything under
• 3:47
  Speaker 5: the law to figure out what JP Morgan knew, when
• 3:51
  Speaker 5: did they do it? This is easibly.
• 3:53
  Speaker 1: Knowable, all right, So now you have JP Morgan under investigation.
• 3:57
  Speaker 1: This could of course also start to stem in to
• 4:00
  Speaker 1: their activities around Alibaba. All things could start coming into
• 4:03
  Speaker 1: play here, creating a lot of pressure on JP Morgan.
• 4:06
  Speaker 1: And remember that a lot of this is trying to
• 4:09
  Speaker 1: build an infrastructure around crypto and digital asset payments. And
• 4:13
  Speaker 1: this is why I think XRP and Ripple are starting
• 4:15
  Speaker 1: to position into a scenario that it could benefit because
• 4:19
  Speaker 1: remember Japan and the United States starting to align here
• 4:23
  Speaker 1: on digital assets. And I'll explain a little bit further.
• 4:25
  Speaker 1: Japan is now proposing some new rules, and this is
• 4:28
  Speaker 1: around their digital asset taxation. They're talking about a twenty
• 4:32
  Speaker 1: percent flat tax. This is down from like fifty five percent.
• 4:35
  Speaker 1: This would be a huge move by the Japanese government
• 4:39
  Speaker 1: and of course it would create a tremendous activity. And remember,
• 4:43
  Speaker 1: let's go over just by one of the biggest exchanges
• 4:45
  Speaker 1: over there, Bitflyer. This is a good example.
• 4:47
  Speaker 2: These guys are here.
• 4:49
  Speaker 1: I know this isn't a lot of different tokens that
• 4:51
  Speaker 1: are available around Bitflyer. Point being is that it's cornering
• 4:55
  Speaker 1: in some of the key ones, obviously Bitcoin, ethereum, XRP.
• 4:59
  Speaker 1: This I think get into a situation that it could
• 5:01
  Speaker 1: start to influence I shouldn't say influence the United States,
• 5:05
  Speaker 1: but also align with the United States. I'll show you
• 5:08
  Speaker 1: some interesting points here, not only around what Japan has
• 5:10
  Speaker 1: been doing, but also how this coordinates with what the
• 5:13
  Speaker 1: United States is doing. Here's Sheba. You know this is
• 5:15
  Speaker 1: now joining Japan's green list. Now, the way this works
• 5:18
  Speaker 1: is there's a handful of tokens out there that get
• 5:21
  Speaker 1: allocated into this green list. This green list basically a
• 5:23
  Speaker 1: preferential treatment around taxes. This is a big benefit to
• 5:27
  Speaker 1: of course the Sheba community, and I want to go
• 5:29
  Speaker 1: to a clip real quick because this will get into
• 5:31
  Speaker 1: some detail around what the Sheba community did around this statement.
• 5:36
  Speaker 1: Take a look.
• 5:37
  Speaker 2: Imagine if crypto was treated just like stocks with insider
• 5:40
  Speaker 2: trading rules and everything sounds like someone's finally getting serious.
• 5:45
  Speaker 2: Is this happening in the US. No, Japan, The FSA
• 5:48
  Speaker 2: is planning a huge overhaul, slash the tax rate from
• 5:51
  Speaker 2: fifty five percent down to twenty percent and even let
• 5:55
  Speaker 2: banks hold it. That's a massive shift. Exactly.
• 5:59
  Speaker 1: Normally we don't put up talking dogs, but you know,
• 6:01
  Speaker 1: this is Sheba and the Sheba community, so you'll learn eventually.
• 6:05
  Speaker 1: This is kind of how crypto is. It works off
• 6:07
  Speaker 1: of memes. Speaking of that, you've got one right here
• 6:10
  Speaker 1: with Elon Musk where we've got a great Sheba Enu
• 6:13
  Speaker 1: playing the banjo, and of course what does it get, Well,
• 6:15
  Speaker 1: it gets ten point one million views. These are kind
• 6:18
  Speaker 1: of funny things that happen out there on crypto x.
• 6:21
  Speaker 1: But in general, what this does is it energizes a
• 6:24
  Speaker 1: lot of these communities, and this course being one of
• 6:26
  Speaker 1: the biggest communities out there. When it comes to the
• 6:29
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• 6:33
  Speaker 1: I came across a really interesting project in DeFi and
• 6:37
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• 6:39
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• 6:42
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• 6:47
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• 6:51
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• 6:55
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• 6:58
  Speaker 1: digital asset managers out there, and the way it works,
• 7:01
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• 7:04
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• 7:08
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• 7:12
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• 7:14
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• 7:18
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• 7:23
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• 7:26
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• 7:27
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• 7:32
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• 7:38
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• 7:40
  Speaker 1: for for some time, and I think the key here
• 7:43
  Speaker 1: is as you start to get into more strategic investing,
• 7:47
  Speaker 1: especially around staking and utilizing, things like this, I think
• 7:51
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• 7:53
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• 7:56
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• 8:00
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• 8:02
  Speaker 1: a little bit more about what they're doing there, which
• 8:04
  Speaker 1: is Mevstats. This is a new mobile app. Recently the
• 8:07
  Speaker 1: company launched it. It's now available over there on the
• 8:10
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• 8:12
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• 8:15
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• 8:20
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• 8:22
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• 8:26
  Speaker 1: see right here over on vesting dot Com, a lot
• 8:28
  Speaker 1: of mesters switching to farming on mistake with the Valaxy.
• 8:32
  Speaker 1: You can kind of see that. And I think also
• 8:34
  Speaker 1: when you look at what they've been trying to do
• 8:36
  Speaker 1: to get out there with the Token twenty forty nine
• 8:39
  Speaker 1: presentations at that conference, this is something that I think
• 8:43
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• 8:47
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• 8:50
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• 8:53
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• 8:56
  Speaker 1: dot com. You can forget about the market volatility stake
• 8:59
  Speaker 1: one US earn every day. Other things that play into
• 9:03
  Speaker 1: this is Japan green lighting a consortium of major banks.
• 9:07
  Speaker 1: This is the combination of major banks that go around
• 9:11
  Speaker 1: the JPYC token, which is their stable coin. This is
• 9:14
  Speaker 1: important because it is not a CBDC and this is
• 9:17
  Speaker 1: one of the cornerstones of what Japan is trying to
• 9:20
  Speaker 1: do that is almost in lockstep with what the United
• 9:23
  Speaker 1: States is trying to do. So you've got the United States,
• 9:27
  Speaker 1: Japan looking at digital assets one way, and China looking
• 9:31
  Speaker 1: at digital assets another way. All right, let's jump over
• 9:34
  Speaker 1: to this article right here. This was interesting because it
• 9:36
  Speaker 1: breaks down how these banks are going to be connected here,
• 9:40
  Speaker 1: but all of this solution is going to be running
• 9:42
  Speaker 1: on networks like Ethereum, Polygon, Avalanche, Cosmos, etc. Point being
• 9:48
  Speaker 1: is you've got large payment infrastructure here, small payment infrastructure
• 9:51
  Speaker 1: here with Polygon, good example, large payments for Ethereum and Avalanche.
• 9:55
  Speaker 1: This gets pretty intriguing when you think about the connection
• 10:00
  Speaker 1: a full blown launch within the Japanese ecosystem and how
• 10:03
  Speaker 1: it might line up with the United States as well.
• 10:07
  Speaker 1: So I think their prime minister also very very friendly
• 10:10
  Speaker 1: with President Trump. They seem to align a lot of
• 10:13
  Speaker 1: things from a geopolitical stance, and of course that I
• 10:15
  Speaker 1: think created a little bit of that friction between Gigiping
• 10:19
  Speaker 1: and the Prime Minister of Japan. Just to look at
• 10:21
  Speaker 1: what the JPYC volume is doing. Remember this thing just launched,
• 10:25
  Speaker 1: but you can kind of see right here the movement
• 10:27
  Speaker 1: on avalanche ether polygon starting to move, as well as
• 10:31
  Speaker 1: the DEX volume also starting to move. He here is
• 10:34
  Speaker 1: that this could be the beginning of something very very
• 10:37
  Speaker 1: big and very quick in terms of adoption. So beyond
• 10:41
  Speaker 1: the lookout for what we're going to see now, remember
• 10:44
  Speaker 1: Ripple of course has been coordinated with what's going on
• 10:47
  Speaker 1: within Japan for quite some time. Our theory is that
• 10:51
  Speaker 1: Ripple is trying to align now more so with the
• 10:54
  Speaker 1: United States and what's going on in the US finance markets,
• 10:58
  Speaker 1: which in reality is a big, bigger pie. But this
• 11:02
  Speaker 1: was something that they did in early twenty twenty six
• 11:05
  Speaker 1: where they were bringing our LUSD in it. So key
• 11:08
  Speaker 1: is is they're keeping their hands in both markets. I
• 11:10
  Speaker 1: think this is going to be positive for Ripple, and
• 11:12
  Speaker 1: of course the real question is how does this play
• 11:14
  Speaker 1: into the JP Morgan rivalry now that might be brewing
• 11:18
  Speaker 1: with Ripple. Japan also eases their crypto rules around blockchain
• 11:23
  Speaker 1: gaming encourage a lot of activity around Web three gaming,
• 11:26
  Speaker 1: which is going to be another factor. This is one
• 11:27
  Speaker 1: of those markets that has kind of a gaming culture,
• 11:32
  Speaker 1: a lot around anime which ties into web three. This
• 11:35
  Speaker 1: gets pretty interesting in terms of where growth could come from.
• 11:39
  Speaker 1: Startail is one of the examples of this. They unveiled
• 11:42
  Speaker 1: a super app for Sony's Sonium. Remember Sonium we talked
• 11:45
  Speaker 1: about before. This will be kind of the all encompassing
• 11:49
  Speaker 1: crypto that's going to be utilized in Japan around a
• 11:52
  Speaker 1: blockchain ecosystem, and this is one that we've done a
• 11:55
  Speaker 1: couple of full videos on. If you guys want to
• 11:57
  Speaker 1: go back and check them out, just search Sonium on
• 11:59
  Speaker 1: our channel. You'll see what I'm talking about when we
• 12:01
  Speaker 1: go a little bit deeper. But Startail put out this.
• 12:05
  Speaker 1: It was a teaser and it's all around a super
• 12:08
  Speaker 1: app that could be launching. If this actually gets out there,
• 12:12
  Speaker 1: then what You've got is the potential for this right here,
• 12:16
  Speaker 1: which is a lot of different retailers that could start
• 12:20
  Speaker 1: to play into the sixty five thousand stores that most
• 12:23
  Speaker 1: the computer systems have built, convenience stores, drug stores. All
• 12:26
  Speaker 1: of this now available on the Japanese Yen stable coin JPYC.
• 12:31
  Speaker 1: Again remember eth Ethereum, Polygon and Avalanche tied into this network.
• 12:37
  Speaker 1: So pretty cool opportunities here. So when you go over
• 12:41
  Speaker 1: to L two B you can kind of see what's
• 12:43
  Speaker 1: going on inside the activity within that region, and right
• 12:47
  Speaker 1: there Sonium starts to flip Ethereum right there. So this
• 12:50
  Speaker 1: is the point I'm getting at, is that Sonium, which
• 12:52
  Speaker 1: will be the Japanese chain, all of this starts to
• 12:56
  Speaker 1: correlate around the element of payments and infrastrate ructure as
• 13:00
  Speaker 1: well as gaming, all the things they're going to be
• 13:02
  Speaker 1: talking about in a new digital economy inside the Japanese market.
• 13:05
  Speaker 1: So pretty cool thing. When you jump over to the
• 13:08
  Speaker 1: CBDC tracker, a nice little visual here we'll click on
• 13:11
  Speaker 1: the United States gives you a full rundown here rule
• 13:14
  Speaker 1: of law six point five out of ten. That's not good.
• 13:17
  Speaker 1: I don't like that one as much. Nine point seven
• 13:19
  Speaker 1: to seven though on freedom of movement, and this will
• 13:22
  Speaker 1: be interesting around the idea of digital assets. Outside of that,
• 13:26
  Speaker 1: then you can kind of take a look at some
• 13:27
  Speaker 1: of the other countries that are out there. We'll take
• 13:29
  Speaker 1: a look at Japan real quick. Let's click on Japan,
• 13:32
  Speaker 1: and when you look at Japan, freedom nine point six
• 13:36
  Speaker 1: seven out of ten, size of government, rule of law
• 13:39
  Speaker 1: seven point ninety nine. Very good. If you take a
• 13:41
  Speaker 1: look at China, this is where it gets into kind
• 13:45
  Speaker 1: of this head to head around digital assets. Rule of
• 13:48
  Speaker 1: law four out of ten, freedom of movement two point
• 13:51
  Speaker 1: two out of ten. So this is the point that
• 13:54
  Speaker 1: we're talking about on the idea of digital assets and
• 13:59
  Speaker 1: what we will see in stable coins, especially what's going
• 14:03
  Speaker 1: on in Japan versus CBDCs. So be on the lookout
• 14:06
  Speaker 1: because this all pertains to Ethereum. When you consider where
• 14:10
  Speaker 1: Ethereum is in the market, they have gone literally all
• 14:14
  Speaker 1: in on the Japanese, and I think inversely, the Japanese
• 14:19
  Speaker 1: have gone all in on Ethereum. You can kind of
• 14:21
  Speaker 1: see it right here with the most recent Usaka somewhat
• 14:24
  Speaker 1: named out of the namesake of Osaka, one of the
• 14:27
  Speaker 1: popular Japanese cities, and these are the main features that
• 14:30
  Speaker 1: will be launching early December. And I also have a
• 14:34
  Speaker 1: clip from DevCon that's actually happened today that'll explain a
• 14:38
  Speaker 1: little bit more.
• 14:39
  Speaker 10: Take a look, so Ethereum can already process fifty percent
• 14:42
  Speaker 10: more transactions than it could at the start of the year.
• 14:45
  Speaker 10: Over the course of twenty twenty six, we're going to
• 14:49
  Speaker 10: have a bunch of EPs that make it possible for
• 14:52
  Speaker 10: the Ethereum network to safely handle a larger amount of scale. Look,
• 14:57
  Speaker 10: within one to two years, the number of people who
• 15:00
  Speaker 10: will actually be able to have a phone note will
• 15:02
  Speaker 10: will increase quite a bit despite the scaling that is
• 15:06
  Speaker 10: happening over the next two years.
• 15:08
  Speaker 2: Where can we get those glasses?
• 15:10
  Speaker 10: I think they're like on Amazon. Unfortunately we haven't made
• 15:13
  Speaker 10: decentralized Amazon yet, So like hackathon idea.
• 15:17
  Speaker 2: Yeah, I love that.
• 15:17
  Speaker 1: Just let's just throw out a hackathon idea for decentralized
• 15:21
  Speaker 1: point being is a lot of upgrades in twenty twenty
• 15:23
  Speaker 1: six coming, according to Vitallic. He goes further into the
• 15:27
  Speaker 1: same conversation around why Japan is all in on Ethereum.
• 15:33
  Speaker 10: Take a look the reason why Ethereum was on that
• 15:36
  Speaker 10: list of elements from science fiction is because there was
• 15:38
  Speaker 10: this Japanese movie called Castle in the Sky. One of
• 15:42
  Speaker 10: the central objects was, you know, the ethereum coust crystal.
• 15:45
  Speaker 10: The ethereum crystal is like the thing that made the
• 15:47
  Speaker 10: castle float. I had no idea this is where I
• 15:50
  Speaker 10: was from, but then you know, I called it ethereum,
• 15:52
  Speaker 10: and then I think our artist like probably knew about
• 15:55
  Speaker 10: the movie, and then like made the logo in the
• 15:57
  Speaker 10: shape of an ethereum crystal. And then I remember we
• 16:00
  Speaker 10: are like actually watching like learning about it and watching
• 16:02
  Speaker 10: the movie for the first time literally five years after that,
• 16:05
  Speaker 10: and I'm like, whoa, the crystal actually looks like the logo.
• 16:08
  Speaker 1: So obviously you can kind of see the connection. There
• 16:10
  Speaker 1: a lot of kind of soft connections that have really
• 16:14
  Speaker 1: created kind of the ethereum lore that I think again
• 16:17
  Speaker 1: is going to play out in the Japanese market. Other
• 16:20
  Speaker 1: thing that could be happening on the ecosystem. Remember if
• 16:24
  Speaker 1: we didn't, if you guys didn't check out our interview
• 16:26
  Speaker 1: last week with Polygon Team with Sandy, he mentioned this
• 16:31
  Speaker 1: and there it is tomorrow something's coming. We think somewhere
• 16:34
  Speaker 1: around a one trillion dollar big asset manager could be
• 16:38
  Speaker 1: dropping into the Polygon ecosystem. Of course, that benefits ethereum.
• 16:42
  Speaker 1: All right, so you guys know what to do. If
• 16:44
  Speaker 1: you're not in our Diamond circle, make sure and get
• 16:46
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• 16:48
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• 16:50
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• 16:52
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• 16:55
  Speaker 1: right here on The Paul Baron Show.