The Wolf Of All Streets

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

Strategy bought 1,036 Bitcoin for about $81.9 million, taking its holdings past 850,000 for the first time. Scott Melker's point is that the headlines about Michael Saylor being underwater on his average cost miss what matters, because Strategy is never getting margin called.

Coinbase won full approval for a national trust bank charter from the OCC. The Treasury cut MEXC off from the US financial system over an alleged $16 billion in illicit transactions. Binance will close affected European accounts on December 31. And Circle froze $1.1 billion of USDC tied to the Binance theft.

Timestamps0:00 Strategy buys 1,036 Bitcoin and holdings pass 850,0002:08 Why the stories about Saylor's average cost miss the point3:33 Coinbase wins a full national trust bank charter from the OCC5:41 The Treasury cuts MEXC off from the US financial system8:05 Binance will close affected European accounts on December 319:35 Circle freezes $1.1 billion of USDC tied to the Binance theft10:39 Stablecoin market cap has stalled while payment volume has not12:16 Russia's central bank opens retail crypto trading on November 1713:52 Another wallet is drained through a social login

#MichaelSaylor #Bitcoin #Coinbase #Binance #Crypto #DailyWolf #YahooFinance

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Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, joins Scott Melker with Milk Road co-founder Kyle Reidhead and Academy Securities Head of Macro Strategy Peter Tchir on a Macro Monday where rising rate-hike odds after strong jobs data and fresh geopolitics hit crypto and risk assets.
Scott and the panel unpack Bloomberg's take on Nvidia and AI data-center risk after the midterms, Nvidia's probe into CEO Jensen Huang's reported affair with an alleged Chinese spy, and why prediction markets price a roughly 77% chance of a December Fed hike even as Anna Wong argues the Fed holds. They debate whether Democrats can slow AI CapEx, commodity liquidation and crypto as a leading indicator, Trump's embrace of the industry after the election, tokenization and stablecoins versus dead meme coins, volatility at a record low versus gold, and whether the price near $75,000 held up better than expected through the Binance hack and tech selloff.
In this episode:00:00 Bitcoin hit by a new macro reality04:34 Nvidia probe and Jensen Huang headlines09:18 Fed hike odds vs Anna Wong's hold call14:04 Post-election puke and buying beaten-down stocks17:10 Will Democrats slow AI data-center CapEx23:09 Gridlock, midterms and commodity rollover26:26 Does Trump re-embrace crypto after midterms30:28 Tokenization, stablecoins and dead meme coins33:43 Volatility at a record low vs gold48:22 Near $75K through the Binance hack
Mike McGlone on X: https://x.com/mikemcglone11Kyle Reidhead on X: https://x.com/KyleReidheadMilk Road: https://milkroad.comPeter Tchir on X: https://x.com/TFMktsAcademy Securities: https://www.academysecurities.com
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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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What happens when you follow the advice for securing your Bitcoin and still lose it?

Nathan McCauley, co-founder and CEO of Anchorage Digital, joins me to explain why protecting Bitcoin is becoming more complicated, even for people who use hardware wallets and follow established security practices.

Nathan tells the story of a friend who lost Bitcoin despite taking the precautions he believed were necessary. We discuss why self-custody remains essential for financial freedom, why banks may eventually provide easier custody for most people, and how AI is changing both cyberattacks and the defenses against them.

We also explore the next generation of financial infrastructure: AI agents with bank accounts, human-controlled spending limits, and access to cash, cards and crypto. Nathan explains why stablecoins will matter without necessarily becoming the payment method for everything, and why responsibility for AI-driven financial mistakes remains unsettled.

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

The Nasdaq fell 5.5% on Thursday, its worst day in about nineteen months, and Bitcoin gave back everything it gained after the midterms. Scott Melker walks through the liquidations, the ETF outflows, and why he thinks Bitcoin is still outperforming.

Samsung Wallet switched on a USDC account on Solana for roughly 82 million US Galaxy devices. Trump Media moved 4,259 Bitcoin to Crypto.com, which is not the same as selling it. The White House began reviewing an SEC draft on crypto broker-dealers. And one wallet permission let the Binance attackers take $2.5 billion in a single transaction.

Timestamps0:00 Bitcoin erases its post-election bounce as markets sell off1:25 More than $1 billion in liquidations and 211,000 traders2:24 Why fears about AI regulation triggered the worst day since April4:24 The Nasdaq, the S&P and the semiconductor index by the numbers5:43 October payrolls come in hot and December hike odds rise6:26 Why Scott thinks Bitcoin is still outperforming7:13 Trump Media moves 4,259 Bitcoin to Crypto.com8:22 The White House reviews an SEC crypto broker-dealer draft9:41 Samsung Wallet adds a USDC account on Solana11:54 Zcash activates NU7 and cuts block times to 25 seconds13:03 How one wallet permission moved $2.5 billion out of Binance

#Bitcoin #Crypto #Nasdaq #Samsung #Binance #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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Scott Melker breaks down Bitcoin wiping out Wednesday's short-squeeze bounce as longs get liquidated with Nasdaq's biggest drop since 2020, then runs the Weekly Reckoning on midterms, crypto regulation, and exchange hacks.
Scott covers Bitcoin retesting the weekly 50-day moving average as support while tech sells off, the VIX spike and leveraged ETF unwind behind the move, CFTC stock-perp pushback in court, Fed and OCC bank checks after the Binance hack, Asia's circuit-breaker selloff, and Canary's staked Injective ETF debut. The Weekly Reckoning recaps the Democratic midterm sweep, the SEC's crypto FAQ on governance, Mercado Bitcoin's breach, and Moscow Exchange listing Bitcoin.
In this episode:00:00 Bitcoin longs squeezed after the short squeeze02:12 Weekly chart retests the 50 MA as support06:24 Leverage ETFs and a historic VIX spike11:28 CFTC stock perps challenge and judge update13:35 Asia selloff and Canary's Injective ETF17:32 Weekly Reckoning: Fed, midterms, SEC FAQ
Watch this episode on YouTube: https://www.youtube.com/watch?v=y0SjcqQPdpA
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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