The Wolf Of All Streets

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

The SEC added three FAQ entries on Monday that say token holders who vote in on-chain governance are generally not a controlling group, so long as they are unaffiliated. Scott Melker walks through what that means for which tokens get treated as commodities, and why staff guidance still is not a rule.

Binance says net outflows have reached $5.28 billion and deposits are now outpacing withdrawals. North Korea denies taking the money. New Jersey rescinded its 2023 order against Coinbase staking, and Brazil's Mercado Bitcoin halted withdrawals after roughly $40 million was drained across ten chains.

Timestamps0:00 Binance outflows reach $5.28 billion as deposits start outpacing withdrawals3:28 BlackRock posts $405 million of net outflows, its biggest day since June4:44 Tesla, Amazon, SpaceX and Netflix object to tokenized versions of their shares5:53 New Jersey rescinds its 2023 order against Coinbase staking7:16 The SEC adds three FAQ entries on governance and token status9:56 What gridlock would mean for crypto regulation10:42 Brazil's Mercado Bitcoin halts withdrawals after $40 million is drained13:08 A fake app in Solana's dApp store asked users for seed phrases

#SEC #Crypto #Binance #Coinbase #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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Bitwise Head of Research Ryan Rasmussen joins Scott with Arch Public CEO Tillman Holloway and co-founder Andrew Parish on midterm election day, as Bitcoin breaks below its September trading range after the biggest crypto hack ever and prediction markets price a Democratic sweep of Congress.
The panel debates what the midterms could mean for crypto regulation, why Bitcoin ETF flows have stalled into apathy, and what financial advisors are now asking Bitwise about, from tokenization to stablecoins. They also cover the Binance hack and North Korea's denial, where retail should hold Bitcoin and how in-kind transfers into ETFs work, the SEC clearing perpetual futures on individual stocks, why Bitcoin is holding near $77,000 through a brutal tech selloff, Bitwise's $1.6 million 2036 Bitcoin target, and trading volatility with algorithmic tools.
In this episode:00:00 Bitcoin breaks its September range on midterm day01:07 What the midterms could mean for crypto04:38 Crypto apathy and stalled Bitcoin ETF flows06:59 What financial advisors are asking Bitwise15:35 Hack update: Binance, North Korea and self-insurance20:05 Where to hold Bitcoin and ETF in-kind transfers26:40 SEC clears perpetual futures on individual stocks32:16 Why Bitcoin is holding up through the tech selloff39:29 Bitwise's $1.6 million Bitcoin 2036 target44:03 Turning market volatility into an edge
Ryan Rasmussen on X: https://x.com/RasterlyRockTillman Holloway on X: https://x.com/TEXASOL61Andrew Parish on X: https://x.com/AP_Abacus
Watch this episode on YouTube: https://www.youtube.com/watch?v=ge_KUWbT1vA
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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.comThe Daily Wolf on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/
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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.

Timestamps0:00 Bitcoin flattens after the Binance theft, and the midterms are tomorrow1:28 Strategy buys 811 Bitcoin and holds 849,3273:36 The FBI attributes the $6.3 billion Binance theft to North Korea7:58 Chainalysis is breached while tracing the Binance theft9:21 Bitcoin ETFs lose $643 million, their worst day since June11:19 Fifty companies now object to tokenized versions of their shares12:41 The crypto industry has spent more than $200 million on the midterms13:27 Chris Larsen, Chairman of Ripple, funds the senator Fairshake is attacking

#Binance #NorthKorea #Bitcoin #MichaelSaylor #Crypto #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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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
If you enjoyed this episode, follow the show and leave a rating. It helps more than you know.
Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.comThe Daily Wolf on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/
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