The Wolf Of All Streets
@scottmelker • 1,083,872 subscribers
The Wolf Of All Streets | The Daily Wolf On @YahooFinance | Media Host | Author | Markets | Hot Takes | Bitcoin | Married up to @emimelker ALL CAPS = news team
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How not to invest: being your own bank with a Ledger device right now "Ledger says spy chip inside crypto Ledger devices, transmitted wallet keys over mobile network." "I've been a huge advocate of self-custody. I still believe you should find a way to be your own bank, but you cannot do it with any of the commercially sold Bitcoin hardware wallet devices." "Maybe in multi-sig where you have a number of them and a single set of keys from one of these devices is not controlling your entire net worth, but you cannot just buy a hardware device in crypto right now and take for granted that your assets are going to be safe." "Cold wallet, hot mess. It's really, it's an existential crisis." "The how not to invest is not to be your own bank with a Ledger device right now. I've had the Ledger guys on a lot. I'll have them on again, but man, they have things to answer for."
The Wolf Of All Streets59,088 Aufrufe • vor 1 Tag
Bitcoin's Bull Market Signal Is Hiding In Its Loan Book | Mauricio Di Bartolomeo from Ledn 00:00 What Bitcoin Borrowers Are Doing During This Volatility 03:18 How Borrowers Defended Loans Through the Selloff 06:05 Record Margin Debt and the Cost of Leverage 08:31 Bitcoin-Backed Loans vs. Stock Margin Loans 12:00 Why Bitcoin Is Becoming Pristine Collateral 13:47 Liquidation Thresholds 16:58 Could Options Push Bitcoin Above $95K? 20:20 Tokenized Gold and Borrowing Against Gold 22:16 Why Gold’s Biggest Problem Is Geography 25:42 From Analog Gold to Digital Gold
The Wolf Of All Streets31,171 Aufrufe • vor 1 Tag
Bank of America only gets a $1.2B fine for money laundering failings, while CZ served prison time for a lesser offense "Bank of America hit with $1.2 billion fine for money laundering failings. First of all, Elizabeth Warren, who I rarely agree with, wrote a tweet that was like, why isn't anybody in jail? I agree with her." "They take your money in the fees, and they pay them to the government when they get in trouble. This was Chinese money laundering, one of the worst things you can possibly do. $5 billion that people know about, probably a lot more, and they only get a $1.2 billion fine, and nobody goes to jail." "Meanwhile, CZ goes to jail in the United States for lesser crimes than the ones that are transparently being enacted by our very own banks, and nobody blinks an eye." "This is why we Bitcoin. This is why we built DeFi. This is why crypto and blockchain were created." "Biggest bank fines and settlements since 2000. This is only in this millennium. Bank of America has paid $88 billion in fines for money laundering and actual crimes. JP Morgan, $40 billion. UBS, $32 billion. Wells Fargo, $28 billion. Citigroup, $27 billion." "How do these entities continue to exist paying fines for criminal activity this large? It's absolutely astounding."
The Wolf Of All Streets32,053 Aufrufe • vor 1 Tag
Franklin Templeton's Sandy Kaul says Circle may need to sell reserve assets to meet redemptions, while tokenized deposits simply unwrap into cash "I think that's why they're launching their own stablecoins and they're creating all these other businesses." "But yeah, that's exactly right about stablecoins." "You don't get that interest rate exposure unless you're in some other instrument, a government bond, a money market fund." "If you need to give a customer back their cash, Circle has to sell that exposure to give the customer back their cash, and that may hit a market snag. That may take time." "Whereas if you're in a tokenized deposit, it's backed by cash. You just basically unwrap the token and there's the cash."
The Wolf Of All Streets31,275 Aufrufe • vor 1 Tag
The Insurance Layer Crypto Has Been Missing Since Day One | Jesus Rodriguez from Firelight 00:00 DeFi Hacks and Need For Insurance 00:53 What Is Firelight 03:14 Could Insurance Have Recovered Recent Losses? 08:47 Why AI Could Make DeFi Exploits Much Worse 10:02 Creating Yield Without Lending or LPing 12:45 Why XRP Was Chosen as the First Collateral 15:05 What Happens When a Major DeFi Exploit Hits? 16:31 Is Insurance the Final Unlock? 17:54 Which DeFi Vaults Are Already Covered? 19:06 Programmable Insurance and Where It Goes Next 20:58 RWAs, Vaults and Real Yield 25:45 What Could Make the Model Fail? 26:22 What Does Success Look Like? 27:30 Final Thoughts
The Wolf Of All Streets86,833 Aufrufe • vor 5 Tagen
Ledn co-founder Mauricio Di Bartolomeo on how $BTC price swings affect collateral requirements on Bitcoin-backed loans "At Ledn, when Bitcoin drops, the LTV rises and you have to send more Bitcoin to keep your loan healthy." "But when the Bitcoin price rises, your LTV drops and you have the option to redeem that excess collateral." "We're seeing some of the people that defended their loans through the 60s pull out some of that excess collateral now that Bitcoin is back at 85." "The average LTV for a loan book, which we publish every month, is sitting right now at 44%. So that is incredibly healthy at these levels."
The Wolf Of All Streets15,025 Aufrufe • vor 11 Stunden
"One of the friction points of our predecessors is that they were using ETH to insure ETH." Firelight's Jesus Rodriguez on why $XRP and stellar:native make better DeFi insurance than $ETH "The massive unlock was what if we use non-DeFi correlated assets like XRP, XLM, even Bitcoin to some extent to protect premier assets in DeFi." "So essentially your cost of capital is very low, near zero. Because XRP never had a yield on-chain. XLM never had a yield on-chain. Bitcoin has a very low yield on-chain." "But if you're using XRP to insure a Sentora vault, a Morpho vault, an Aave market, the economics do make sense." "You're going to stake your XRP, put it in a deposit vault. It never touches the protocol, but you receive yield based on the protection of that protocol."
The Wolf Of All Streets77,807 Aufrufe • vor 5 Tagen
Bitcoin REFUSES To Crash - Even Peter Schiff Admits He’s Surprised 00:00 Can We Trust the Fed’s Inflation and Jobs Data? 04:41 Did the Fed Hike Rates Into a Weakening Economy? 06:37 The Bond Bear Market and Rising Mortgage Rates 10:17 America’s High-Debt, High-Interest-Rate Trap 14:44 Can AI Actually Save the U.S. Economy? 21:37 The Massive Debt Problem Behind the AI Boom 24:36 Money Printing and the Coming Debt Spiral 26:59 Why the U.S. Housing Market Could Break 30:04 Has the Stock Market Already Started Breaking? 34:03 Bitcoin, Gold and the Debasement Trade 36:00 Why Bitcoin Has Held Up While Gold Fell 38:29 How the Midterms Could Impact Bitcoin 47:34 How Should Families Protect Their Wealth? 51:11 Final Thoughts
The Wolf Of All Streets83,269 Aufrufe • vor 6 Tagen
Hunter Biden says the media made over $9B off his laptop story, so he launched $LAPTOP to reclaim the narrative "Here's the thing is that it's my token. It's got my fucking face on it, man. Smoking a cigarette." "The whole point of the joke of it was, is that I'm gonna take this thing that they tried to sew on me like a scarlet letter, Hunter Biden's laptop, and I was gonna, and I hope I still am, reclaim that narrative." "We did a calculation, they made over $9B saying Hunter Biden's laptop as clickbait over the course of a 4 or 5 year period of time." "14 hours of a quote-unquote documentary on the laptop on Fox Digital, and hundreds of thousands of hours across Fox and other media outlets that literally used Hunter Biden's laptop." "I'll be surprised if it's not on my gravestone when I die. But if it is, you know what? I want to own it. I want it to be mine." "I want it to be the thing that I get to tell the narrative and I get to tell the truth because I think the fucking truth matters about it. And that is the purely selfish side of doing this also for me."
The Wolf Of All Streets29,086 Aufrufe • vor 2 Tagen
Ledger users reportedly lost $86M, raising questions about third-party risks in self-custody "Everybody in crypto at this point has PTSD after the Coldcard hack, because we believe self-custody was always safe. You could be your own bank. That shook the Bitcoin community to its core." "This is an ongoing story that just broke at about 10 a.m. today, so just about 2 hours ago. An onchain analyst named Spectre estimated suspected losses around $86 million, involving hundreds of wallets across Bitcoin, Ethereum and Tron. I have not seen a comment from Ledger yet." "Now, Ledger had had their breaches in the past. It seems to always come with one of the third parties." "The question is, when you participate in self-custody, who are you actually trusting for all the steps in between? The whole point of self-custody was no counterparty risk, but there's a lot of counterparties you don't even know exist, like the third-party resellers who have your data or can gain some sort of access." "We don't know if anyone's individual device was hacked, to be clear. We don't know if this was a phishing scam, like you get an email from this third party telling you you need to move your coins from one device to another and you get hacked. But we do know that there has been an exploit and that it's coming exclusively in this case from Ledger devices. Doesn't mean that somebody broke Ledger's hardware security."
The Wolf Of All Streets80,310 Aufrufe • vor 8 Tagen
“What’s The Help Desk Number For Bitcoin?” - A Bank Actually Asked Him That | Martin Masser 00:00 Crypto Then vs. Now 01:36 How Martin First Got Into Bitcoin 04:50 From Banking to the Crypto Industry 08:28 Making Crypto Easier for Everyday Users 12:20 Banks, Stablecoins & the Future of Settlement 18:29 The Rise of Crypto Super Apps 22:53 Bringing Crypto Payments to Real Businesses 24:53 Where Are We in the Crypto Cycle? 26:44 Why Higher Prices Are Crypto’s Best Marketing 27:44 Meme Coins, Utility & the Altcoin Barbell 28:44 What Would You Change About Crypto? 29:59 Crypto Has a Branding Problem 31:41 Can Bitcoin Reignite Another Crypto Cycle? 32:17 Why ETFs Still Matter for Bitcoin Adoption 33:28 Self-Custody, Data Leaks & Security Risks 35:49 Why Privacy Is Crypto’s Missing Piece 38:03 Final Thoughts
The Wolf Of All Streets197,514 Aufrufe • vor 28 Tagen
This is why I believe in Bitcoin. If you only watch 9 minutes of my content, ever, please let it be this.
The Wolf Of All Streets1,152,303 Aufrufe • vor 5 Monaten
Peter Schiff says crypto's support for Trump has made Democrats its enemy, and they'll do whatever they can to go after the industry "Trump's campaign was financed in large part by the crypto industry, and Trump overwhelmingly won the crypto vote by promising to do things specifically to enrich people who own Bitcoin." "You know, I'm gonna establish a Bitcoin reserve. We're gonna use taxpayer money to buy Bitcoin. We're gonna make the United States the Bitcoin capital of the world. I'm a Bitcoin president. I have a Bitcoin cabinet. I have a crypto czar. All the Bitcoin people were enthusiastically supporting Trump because they thought that Trump would make them rich, because Trump was gonna drive up the value of Bitcoin." "The Democrats now are antagonistic, because now they see that Bitcoin is a source of funding for Republicans, a source of votes. So now the Democrats are anti-Bitcoin just for that reason alone, forget about anything else." "They're gonna be very hostile. They're gonna go after Trump's donors. They're gonna go after the industries that support him. They're gonna go after his voters, right? So they're gonna do whatever they can to make things difficult for that industry." "Now, Trump is still the president, but he won't be president for much longer. But a lot of this comes out of Congress. So I think that the tables are gonna turn, and Washington is gonna be more of an enemy than a friend when it comes to Bitcoin."
The Wolf Of All Streets44,623 Aufrufe • vor 6 Tagen
Adoption is not a dividend: tokenization's value has to reach the thing you actually own "Should we have been more careful what we wish for? More precise? Yes. Less ambitious? No." "Wanting better financial infrastructure was not the mistake. Assuming everybody holding a related token would get rich from it was." "Tokenization could make legitimate investments easier to distribute, reduce waste and make parts of finance more competitive. I want that. I just want us to stop treating every step toward it as proof that our portfolios are positioned correctly." "The gains will depend on business models, competition rules and the choices customers are allowed to make. Some will flow to institutions. Some may flow to public networks. Some can reach ordinary people through better products and lower costs." "Watch what gets built. Watch who controls access. When someone shows you how enormous this market could become, ask them to show you how the value reaches the thing you actually own." "Adoption is not a dividend. A token is not automatically an ownership stake. And being early to the right idea is not the same as owning the right investment."
The Wolf Of All Streets18,059 Aufrufe • vor 2 Tagen
Tokenization could cut errors and admin costs, but instant settlement can tie up more capital "Tokenization is a terrible word for a potentially enormous idea. In this context, it means representing an asset or a claim on an asset as a digital token recorded on a blockchain." "What changes is how the ownership claim gets recorded, transferred and used." "The opportunity is making the systems behind that screen work together more efficiently. A well-designed tokenized system can connect those steps. Payment and delivery can happen together. Distributions and compliance checks can be automated." "That could save time. It could reduce errors and eliminate some expensive administrative work." "Instant settlement is not automatically better in every single situation." "Faster can reduce one risk while increasing another - funding requirements. The best system is the one that works better, not necessarily the one with the fewest seconds on the clock."
The Wolf Of All Streets17,927 Aufrufe • vor 2 Tagen
Bitcoin Started the Move - These Altcoins Could Deliver the REAL Returns | Ran Neuner 00:00 Why This Bitcoin Cycle Could Be Massive 02:08 Did Crypto Boredom Mark the Bottom? 04:47 Why This Looks Like Bitcoin’s 2023 SVB Breakout 07:23 Wall Street Starts Rotating Back Into Bitcoin 14:19 Bessent Goes to War With the Bond Market 18:21 Will the Clarity Act Actually Pass? 20:15 Why This Could Be an Altcoin Cycle 21:35 ETH/BTC Breaks a Nine-Year Downtrend 22:03 AI Agents Could Drive the Onchain Economy 23:49 The Case for an Altcoin Supercycle 25:21 Which Altcoins Actually Have Upside? 26:18 Have Solana and Ethereum Won the L1 War? 27:35 The Next Crypto Winners Will Be Applications 33:18 The Biggest Lesson From Previous Crypto Cycles 35:26 Ran Reveals His Crypto Portfolio 41:00 How to Actually Take Profits This Cycle 41:35 Avoiding Crypto VC Deals 43:09 Why Conviction Beats Getting Early Access 44:27 STRC, Michael Saylor and Strategy’s Next Move 46:39 Final Thoughts
The Wolf Of All Streets298,536 Aufrufe • vor 1 Monat
How Billion-Dollar Funds Actually Invest In Crypto | Bitwise CEO Hunter Horsley 00:00 New SEC Custody Rules and What They Mean for RIAs 02:57 Why Advisors Are Moving Spot Crypto Into ETFs 06:31 Onchain Portfolios, Vaults and AI-Managed Strategies 14:22 Bitwise’s NEAR ETF and the Future of Single-Asset Crypto ETFs 20:33 Why Crypto Index Funds Could Win With Mainstream Investors 25:47 How Crypto Index Funds Reach Wealth Managers 28:30 Institutions Never Really Left Crypto 31:48 How Much of Wall Street Can Actually Buy Crypto Today? 34:38 Why Higher Crypto Prices Drive Adoption 38:17 The Biggest Obstacle to Crypto Adoption Has Changed 40:37 Does Crypto Still Need the Clarity Act? 43:59 What Bitwise Is Most Excited About Next 46:30 Final Thoughts
The Wolf Of All Streets79,724 Aufrufe • vor 13 Tagen
Brian Armstrong On The Failed Clarity Act 0:25 Why the final Clarity Act draft was a good bill 1:43 What actually killed the Clarity Act 5:25 Is the Clarity Act dead for good? 7:42 Did the banks shoot themselves in the foot on stablecoin rewards? 9:26 What the SEC and CFTC can do without Congress 10:51 Regulation Crypto and the problem with accredited investor rules 13:54 Can rulemaking last without legislation? 16:34 Launching through litigation, and why no bill could help Coinbase 19:12 Tokenized stocks and bringing them to the US 23:31 Building the everything exchange 27:05 Agentic finance and AI agents paying each other 29:32 AI doomerism and the history of moral panics 33:39 Has bitcoin bottomed? The $400K by 2030 case 35:27 Giving away 1 BTC to early Coinbase users in 2012
The Wolf Of All Streets166,490 Aufrufe • vor 1 Monat
Tokenization could be crypto's next big win, but what if institutions never need your tokens? "For years crypto had a pretty simple sales pitch. The institutions are coming. The money is coming. The entire financial system is coming. And if you get here before everyone else, you will be rewarded." "Well, what if the institutions come, use the technology, make a fortune and never need to buy the thing you have been holding? That is the uncomfortable question underneath tokenization." "Before anyone clips this into 'Scott Says Crypto is Dead,' let me be clear. I think tokenization could become one of the most useful things this industry ever produces." "I also think a lot of people are confusing being early to a technology with owning a piece of its success. Those are very different things. And the difference could define the next decade of crypto investing."
The Wolf Of All Streets16,246 Aufrufe • vor 2 Tagen
The "trillions are coming onchain" thesis leaves a key question unanswered: how do token holders capture value? "This is where we need to stop nodding along with the presentation and ask a very basic question. Where exactly do I get paid?" "You have seen the slide. Global stocks are worth an enormous amount. Bonds are worth an enormous amount. Real estate is worth an enormous amount." "Then somebody puts a tiny crypto market cap beside those numbers and lets your imagination finish the sales pitch." "The value of assets using a system is not the revenue of that system. And the system's revenue is not automatically income for its token holders." "A highway does not become worth the combined value of every truck driving over it. Who owns the road? Who collects the toll? How much is the toll? And can drivers take another route?" "Those are the questions that turn a big story into an investment thesis. 'Trillions are coming onchain' does not answer them. It gives you a large number and something exciting to repeat."
The Wolf Of All Streets16,070 Aufrufe • vor 2 Tagen