The Wolf Of All Streets

From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance.

The FBI has attributed the $6.3 billion theft from Binance to North Korea's TraderTraitor group, which moved the money across ten blockchains in about twenty minutes. Binance says it replaced roughly 95% of it from its own reserves, and investigators have frozen another $2.85 billion. Scott Melker explains why the outflows stayed under 4% of customer assets.

Strategy bought 811 Bitcoin and now holds 849,327. Bitcoin ETFs lost $643 million on Friday, their worst day since June. And Chris Larsen, Chairman of Ripple, is personally funding the senator his own company's super PAC is spending millions to defeat.

Timestamps
0:00 Bitcoin flattens after the Binance theft, and the midterms are tomorrow
1:28 Strategy buys 811 Bitcoin and holds 849,327
3:36 The FBI attributes the $6.3 billion Binance theft to North Korea
7:58 Chainalysis is breached while tracing the Binance theft
9:21 Bitcoin ETFs lose $643 million, their worst day since June
11:19 Fifty companies now object to tokenized versions of their shares
12:41 The crypto industry has spent more than $200 million on the midterms
13:27 Chris Larsen, Chairman of Ripple, funds the senator Fairshake is attacking

#Binance #NorthKorea #Bitcoin #MichaelSaylor #Crypto #DailyWolf #YahooFinance

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Macro and precious-metals commentator Mario Innecco and Bloomberg Intelligence's Mike McGlone join Scott on Macro Monday as Fed rate hikes come back on the menu a day before the U.S. midterm elections, putting Bitcoin, gold and bonds to the test.

Mike and Mario debate whether gold has put in a lasting top, whether 10-year Treasury yields near 5% make bonds the better trade, central banks buying gold at a record pace and the UK looking at tokenized gold as collateral, and whether it takes a market crisis to stop runaway deficits. They also cover midterm odds and what a Democratic sweep could mean for markets, Friday's tech earnings jitters and AI valuations, inflation lessons from the 1970s, the Chinese yuan's strongest level against the dollar since 2022, and gold versus the S&P 500 over the last century.

In this episode:
00:00 Rate hikes and midterms put Bitcoin to the test
06:59 Has gold topped? Mike McGlone vs Mario Innecco
14:08 Yields near 5%, M2 and the case for precious metals
16:41 Central banks buying gold and tokenized gold collateral
19:45 Stocks versus public debt and why it takes a crisis
26:37 Midterm odds and what a Democratic sweep means
29:23 Tech earnings jitters and the AI unknown
35:36 Inflation lessons from the 1970s
43:28 The Chinese yuan hits its strongest level since 2022
54:10 Gold versus the S&P 500 over 100 years

Mario Innecco on X: https://x.com/maneco1964
Mario Innecco on YouTube: https://www.youtube.com/@maneco64
Mike McGlone on X: https://x.com/mikemcglone11

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Jesse Pollak, creator of Base at Coinbase, joins Scott to explain how crypto is bringing Wall Street onchain, from JPMorgan and Citi to tokenized stocks, AI agents and Bitcoin.

Jesse walks through how he went from building Coinbase's consumer apps to creating Base, and why he thinks crypto has found product-market fit in trading, payments and lending. They get into Shopify payments, JPMorgan deposit tokens and Citi letting customers move USDC in and out of their bank accounts, why less than 1% of the world's dollars and stocks move on these rails today, tokenized stocks trading 24/7 and borrowing against them, why some companies are opting out, and what Base means for Ethereum and for Coinbase. Jesse also explains why he expects 2027 to be the year of agentic finance and how Base is making Bitcoin more useful.

This episode is sponsored by 21Shares.
This content is a paid endorsement by Wolf of All Streets, who has received compensation from 21Shares US LLC ("21Shares") to promote 21shares' services. The views expressed are those of the influencer and may not reflect the views of 21shares. This material is for informational purposes only and should not be construed as investment advice, an offer, or a solicitation to buy or sell any security. Investing involves risk, including possible loss of principal. Please review the 21shares risk disclosures at https://www.21shares.com/en-us/disclaimers before investing.

In this episode:
00:00 Intro: crypto beyond speculation
04:23 Jesse's path to Base and what it does today
10:41 Shipping code with AI and Coinbase for Agents
15:32 From meme coins to Wall Street adoption
21:41 Why people will use Base without knowing it
26:46 Tokenized stocks, 24/7 trading and borrowing
33:30 Why some companies opt out of tokenization
38:48 Base, Ethereum and Coinbase
43:36 AI agents running your finances in 2027
51:50 How Base makes Bitcoin more useful

Jesse Pollak on X: https://x.com/jessepollak
Base: https://www.base.org

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From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance.

Binance says hackers stole $6.3 billion, the largest exchange hack on record and about four times last year's Bybit theft. A compromised engineer's laptop opened the door, Tether and Circle have frozen roughly $3 billion of the funds, and Binance says it will cover the rest itself. Scott also covers Nasdaq's fight against a rival tokenized-stock venue, presses Michael Saylor on Strategy's own tokenization plans, and breaks down why Big Tech's earnings selloff rattled markets more than the hack did. Plus Coinbase's earnings and two more wallet-security scares.

Featuring
Scott Melker, Host, The Daily Wolf, Yahoo Finance

Timestamps
0:00 Breaking down the $6.3 billion Binance hack
2:52 Binance's reserves and how exposed it really is
5:17 Who's really behind the hack
7:01 Nasdaq's quiet war on tokenized stocks
9:32 Scott presses Saylor on Strategy's own tokenization
10:41 Why Wall Street's day was worse than Bitcoin's
11:55 Coinbase's earnings mirage, and the hacks keep coming

#Binance #Bitcoin #Crypto #DailyWolf #YahooFinance

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Dan Held, Bitcoin marketer and former head of marketing at Kraken, joins Scott after Bitcoin dropped as low as $76,000 and Binance confirmed the largest crypto hack in history, roughly $6.3 billion.

Scott and Dan break down how a single developer's laptop could lead to the Binance exploit, why it looks like social engineering rather than AI, how frozen funds and Binance's SAFU fund shrink the hole to about $2 billion, and the wider wave of attacks on Polymarket and hardware wallets. They cover self-custody and cold storage lessons, CZ's crisis communications, exchanges pushing back on tokenized stocks, Kraken and on-chain IPOs, and why institutions now agree Bitcoin was right. Dan shares what he's building with Perception, then Scott runs The Weekly Wreckoning: Strive's Bitcoin buying, Ripple's trust charter, the Fed holding rates, DTCC's tokenization service, Bitwise's $1.6 million target, ICE and Hyperliquid perps, and Coinbase earnings.

In this episode:
00:00 Bitcoin hits $76,000 as Binance confirms $6.3B hack
04:05 Why the Binance hack points to social engineering
07:02 Frozen funds, the SAFU fund and Binance's $2B hole
10:12 Polymarket, Trezor and the wave of wallet attacks
21:17 Self-custody lessons and cold storage backups
26:16 CZ's crisis communications after the hack
32:10 Tokenized stocks, exchange pushback and on-chain IPOs
38:19 Institutions finally agree Bitcoin was right
41:29 Dan Held on Perception and agentic marketing
44:22 The Weekly Wreckoning: Strive, Ripple, Fed, DTCC and Hyperliquid

Dan Held on X: https://x.com/danheld

Watch this episode on YouTube: https://www.youtube.com/watch?v=DfJNgEbHcD4

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From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance.

The DTCC's tokenization service went live with 34 securities and 20 Wall Street firms, among them J.P. Morgan, Citi, Bank of America, Morgan Stanley and Fidelity. Scott Melker asks whether this is adoption or whether Wall Street took the technology and turned it into plumbing.

The Fed held rates in a 10-2 vote, then GDP came in at 3.4% and PCE inflation at 3.6%. Utah filed 14 criminal charges against Kalshi and its co-founders while the CFTC sued Utah to stop it. Westpac is capping crypto payments at A$10,000 a month, and Singapore police found tampered Ledger devices behind S$3.5 million in losses.

Timestamps
0:00 The DTCC's blockchain service goes live with 20 Wall Street firms
2:39 The Fed holds rates 10-2, and two officials wanted a hike
6:13 Westpac caps crypto exchange payments at A$10,000 a month
7:49 Utah files 14 criminal charges against Kalshi and its co-founders
10:14 Google previews a multi-party custody system for institutions
11:28 Bitcoin Core patches weaknesses that AI helped uncover
12:21 Singapore police warn about tampered Ledger devices
13:37 ICE and Trade.xyz plan a US perpetual futures market on Hyperliquid

#DTCC #Blockchain #WallStreet #Kalshi #Bitcoin #DailyWolf #YahooFinance

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Matt Cole, Chairman and CEO of Strive, joins Scott to break down Bitwise's new forecast of $1.6 million per bitcoin by 2036, why corporate Bitcoin buying outside Strategy has dried up, and how Strive keeps adding bitcoin through digital credit after a $511 million buy took its treasury to about 43,000 BTC.

Matt explains why Bitwise's base case is defensible, why superintelligence and dollar debasement favor scarce assets like Bitcoin, and how Strive's fixed-rate SATS differs from SATA for income investors. They cover Strategy shareholders approving daily dividends, which Bitcoin treasury companies are likely to survive, blending Bitcoin with real estate, and why AI-driven hacks and hardware wallet tampering are pushing some holders away from self-custody for now. Scott closes with AI-found Bitcoin node bugs, Google's crypto custody system, DTCC's tokenization service, Stan Druckenmiller's first tweet, Coinbase earnings and Kalshi Bitcoin odds.

In this episode:
00:00 Bitwise's $1.6 million Bitcoin forecast for 2036
04:03 Superintelligence, abundance and the Calacanis debate
07:36 Bitwise's bear, base and bull cases
10:07 Bitcoin treasury buying outside Strategy
17:10 Strive's SATS fixed rate versus SATA
24:16 Strategy shareholders approve daily dividends
26:19 Which Bitcoin treasury companies survive
34:21 Ledger tampering, AI threats and self-custody
42:26 Bitcoin node bugs, Google custody and DTCC tokenization
45:01 Druckenmiller, Coinbase earnings and Kalshi Bitcoin odds

Matt Cole on X: https://x.com/ColeMacro
Strive: https://strive.com

Watch this episode on YouTube: https://www.youtube.com/watch?v=NGkF6sNUn6k

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From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance.

Robinhood's crypto revenue broke a three-quarter losing streak, rising 20% to $120 million. Almost every outlet led on the 55% drop from a year ago instead. Scott Melker walks through what the quarterly numbers actually show.

Intel, Oracle and IBM told OKX and ICE not to tokenize their shares, which takes the objector count to 26. Brazilian companies bought stablecoins on election day and the real crashed the next morning.

Scott Bessent, Secretary of the Treasury, told Ripple's conference that stablecoins will keep the dollar on top. And Datavault AI lost half its value after admitting it cannot withdraw the Bitcoin it booked as an asset.

Timestamps
0:00 Robinhood's crypto revenue fell 55%, and rose 20% from last quarter
4:00 Intel, Oracle and IBM object to tokenized versions of their shares
5:32 Brazilian companies bought stablecoins on election day
7:32 Scott Bessent, Secretary of the Treasury, on stablecoins and the dollar
9:48 Coinbase gives European customers until October 30
10:36 The Fed decides today, and Kevin Warsh speaks at 2:30
13:16 Datavault AI cannot withdraw the Bitcoin on its balance sheet

#Robinhood #Stablecoins #ScottBessent #Bitcoin #Crypto #DailyWolf #YahooFinance

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Brett Tejpaul, Co-CEO of Coinbase Institutional, joins Scott to talk about where Bitcoin's biggest buyers went, with the Coinbase Premium negative through October, and why seven of the world's largest banks are now building on Coinbase infrastructure for stablecoin payments and institutional crypto adoption.

Brett explains the Citi stablecoin payments partnership announced at Sibos, why banks see crypto as a threat to their payments and wealth businesses, how the Clarity Act's failure and new SEC and CFTC guidance pushed banks to move, and the Standard Asset Company strategy that pairs UAE real estate with Bitcoin. They also cover MiCA stablecoin rules, how JPMorgan, Chase, Citi and PNC use Coinbase, and why Wall Street plumbing is good for crypto. Scott closes with stablecoins in Brazil's election, Bitcoin beating the S&P 500, companies objecting to tokenized stocks, Marathon's Bitcoin moves, Scott Bessent on crypto and the dollar, the Fed decision and ETF flows.

In this episode:
00:00 Bitcoin's quiet buyers and the Coinbase Premium
03:03 Seven big banks and the Citi stablecoin deal
09:13 How deep bank partnerships with Coinbase go
16:52 Why banks plan to disrupt their own payments
20:58 The Clarity Act, SEC and CFTC, and MiCA
26:04 Bitcoin plus UAE real estate at Standard Asset Company
33:40 MiCA stablecoins and JPMorgan, Citi and PNC
37:16 Wall Street plumbing and Coinbase infrastructure
42:56 Brazil, Bitcoin vs. the S&P 500 and tokenized stocks
46:59 Bessent, the Fed decision and Bitcoin ETF flows

Brett Tejpaul on X: https://x.com/bretttejpaul
Coinbase Institutional: https://www.coinbase.com/institutional

Watch this episode on YouTube: https://www.youtube.com/watch?v=eGgMEQa4r4A

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From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance.

Hyperliquid named Payward, Kraken's parent, as its intended first CFTC-regulated deployer on Monday. If regulators approve it, Bitnomial would run the markets and NinjaTrader Clearing would hold client accounts, giving US traders access to perpetual futures they have been locked out of.

The same day, Ripple won final approval for Ripple National Trust Bank, which will manage the reserves behind its $2.5 billion RLUSD stablecoin.

Scott Melker also covers BlackRock testing a yen stablecoin in Japan, Binance filing for a Brazilian licence, and Canada copying the GENIUS Act.

Timestamps
0:00 Hyperliquid names Kraken's parent as its first regulated US deployer
1:09 Why the biggest offshore venue wants to come onshore
4:11 Ripple wins final approval for a national trust bank
6:08 BlackRock, SBI and Startale sign a yen stablecoin agreement
7:55 Binance files for a Brazilian licence and delists 22 tokens
9:57 The NBA partners with two prediction markets at once
11:35 Canada's draft stablecoin rules look familiar
13:28 A Zcash co-founder proposes ending the developer subsidy

#Hyperliquid #Kraken #Ripple #RLUSD #BlackRock #Bitcoin #DailyWolf #YahooFinance

Watch every episode on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/

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Follow Scott Melker:
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