The Wolf Of All Streets

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 test06:59 Has gold topped? Mike McGlone vs Mario Innecco14:08 Yields near 5%, M2 and the case for precious metals16:41 Central banks buying gold and tokenized gold collateral19:45 Stocks versus public debt and why it takes a crisis26:37 Midterm odds and what a Democratic sweep means29:23 Tech earnings jitters and the AI unknown35:36 Inflation lessons from the 1970s43:28 The Chinese yuan hits its strongest level since 202254:10 Gold versus the S&P 500 over 100 years
Mario Innecco on X: https://x.com/maneco1964Mario Innecco on YouTube: https://www.youtube.com/@maneco64Mike 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 speculation04:23 Jesse's path to Base and what it does today10:41 Shipping code with AI and Coinbase for Agents15:32 From meme coins to Wall Street adoption21:41 Why people will use Base without knowing it26:46 Tokenized stocks, 24/7 trading and borrowing33:30 Why some companies opt out of tokenization38:48 Base, Ethereum and Coinbase43:36 AI agents running your finances in 202751:50 How Base makes Bitcoin more useful
Jesse Pollak on X: https://x.com/jessepollakBase: https://www.base.org
Watch this episode on YouTube: https://www.youtube.com/watch?v=M6n5NoM7Eb8
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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.

FeaturingScott Melker, Host, The Daily Wolf, Yahoo Finance

Timestamps0:00 Breaking down the $6.3 billion Binance hack2:52 Binance's reserves and how exposed it really is5:17 Who's really behind the hack7:01 Nasdaq's quiet war on tokenized stocks9:32 Scott presses Saylor on Strategy's own tokenization10:41 Why Wall Street's day was worse than Bitcoin's11:55 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 hack04:05 Why the Binance hack points to social engineering07:02 Frozen funds, the SAFU fund and Binance's $2B hole10:12 Polymarket, Trezor and the wave of wallet attacks21:17 Self-custody lessons and cold storage backups26:16 CZ's crisis communications after the hack32:10 Tokenized stocks, exchange pushback and on-chain IPOs38:19 Institutions finally agree Bitcoin was right41:29 Dan Held on Perception and agentic marketing44:22 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.

Timestamps0:00 The DTCC's blockchain service goes live with 20 Wall Street firms2:39 The Fed holds rates 10-2, and two officials wanted a hike6:13 Westpac caps crypto exchange payments at A$10,000 a month7:49 Utah files 14 criminal charges against Kalshi and its co-founders10:14 Google previews a multi-party custody system for institutions11:28 Bitcoin Core patches weaknesses that AI helped uncover12:21 Singapore police warn about tampered Ledger devices13:37 ICE and Trade.xyz plan a US perpetual futures market on Hyperliquid

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

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Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.com

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