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.

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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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
Watch this episode on YouTube: https://www.youtube.com/watch?v=1vMFiTNxMqw
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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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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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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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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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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
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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