The Wolf Of All Streets

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

House Democrats are already working on a replacement for the Clarity Act, one day after taking both chambers. Reporting from Eleanor Terrett says the draft would give the SEC a larger role, narrow the CFTC, and add ethics restrictions. Maxine Waters is in line to take the gavel from French Hill in January.

A judge let single stock perpetual futures keep trading but said the CFTC likely overstepped. Riot leased a Texas campus to Anthropic for about $28 billion, funded partly by selling 20,264 Bitcoin. And Mercado Bitcoin will reopen in stages on Monday.

Timestamps0:00 House Democrats float a replacement for the Clarity Act2:28 A larger SEC role, a narrower CFTC, and new ethics restrictions3:39 Why 60 Senate votes and a presidential veto still stand in the way5:26 Strategy's STRC trades back at $100 for the first time since May7:51 Canton Strategic trades tokenized shares under the innovation exemption9:09 A judge lets stock perps keep trading and questions the CFTC's authority10:45 Coinbase brings Deribit options and perpetuals to institutional clients11:42 Riot leases a Texas campus to Anthropic and sells 20,264 Bitcoin13:10 Mercado Bitcoin reopens in stages, and BitMart confirms its own hack

#ClarityAct #SEC #Crypto #Bitcoin #MaxineWaters #DailyWolf #YahooFinance

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Backpack founder and CEO Armani Ferrante joins Scott as Bitcoin squeezes back toward $80,000 after the Democratic sweep and Solana's tokenized stock trading hits a record $657 million, with Backpack leading the surge.
They get into what the "tokenization super cycle" really means, how trading stocks on-chain differs from the DTCC using tokens for faster settlement, why perps are crypto's most important product after stablecoins and need to come onshore, and how 24/7 markets, international stocks and AI could bring back the retail investor. Scott also covers House Democrats writing their own version of the CLARITY Act, Kalshi odds on Bitcoin's price this year, Strategy's STRC back at $100 par, and Riot selling the bitcoin it mines to fund an AI data center.
In this episode:00:00 Democrats' new CLARITY Act after the sweep02:07 Solana tokenized stock trading hits a $657M record10:12 DTCC tokenization vs. stocks trading on-chain13:15 What a Democratic Congress means for crypto rules16:58 Why perps and equity perps need to come onshore24:03 24/7 markets and access to international stocks26:49 AI and the return of the retail investor31:21 Bitcoin near $80K after a $215M short squeeze33:41 Strategy's STRC is back at $100 par35:19 Riot sells its bitcoin to fund an AI data center
Armani Ferrante on X: https://x.com/armaniferranteBackpack: https://backpack.exchange
Watch this episode on YouTube: https://www.youtube.com/watch?v=-meUTTtD1Rw
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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.

Democrats took both chambers, and Elizabeth Warren is now in line to chair Senate Banking with Maxine Waters at House Financial Services. Scott Melker walks through what the crypto industry got for roughly $176 million, including Sherrod Brown returning to Ohio's Senate seat after about $63 million was spent against him.

The SEC staff called Canton Coin a digital commodity in a no-action letter. The CFTC cleared perpetual futures on single stocks, and Cboe and Citadel Securities backed a lawsuit against it the same day. Block agreed in principle to a $764 million money laundering settlement.

Timestamps0:00 Democrats take both chambers and Warren is in line for Senate Banking2:07 Crypto spent about $63 million in Ohio and Sherrod Brown won anyway3:28 Elon Musk's candidates lose in Texas, including the Bitcoin reserve4:16 Why the Clarity Act is finished and what replaces it6:28 Bitcoin keeps mining blocks regardless of who holds Congress7:45 The SEC calls Canton Coin a digital commodity in a no-action letter9:05 The CFTC clears single stock perpetual futures, and Cboe and Citadel sue10:54 Block agrees in principle to a $764 million money laundering settlement11:49 A French bank is hacked and the proceeds move through crypto13:35 How Binance's attackers got in, from its own incident report

#ElizabethWarren #Crypto #Bitcoin #SEC #Midterms #DailyWolf #YahooFinance

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Ledn co-founder and Chief Strategy Officer Mauricio Di Bartolomeo joins Scott as Bitcoin crashes and immediately recovers after Democrats win control of the House and Senate, with crypto PACs losing almost every competitive race despite record spending.
They unpack what the blue wave means for crypto regulation and the CLARITY Act, why the Binance hack shows big exchanges trading security for speed, and why custody and proof of reserves matter. They also cover how Ledn's Bitcoin-backed loan clients are buying the dip, Bitcoin bouncing off its weekly 50 MA, the CFTC clearing perpetual futures on US stocks, the SEC's Canton Coin no-action letter, Ledn's rebrand and gold-backed loans, and US debt growing about $10 billion a day.
In this episode:00:00 Bitcoin crashes and recovers after the blue wave03:41 Crypto PACs went two for 11 in key races10:59 What a Democratic Congress means for crypto12:58 Is the CLARITY Act dead now?16:45 Binance hack and why exchanges trade security for speed28:47 Ledn clients are buying the dip30:46 Bitcoin bounces off the weekly 50 MA34:49 CFTC stock perps and the SEC's Canton Coin letter37:26 Ledn's rebrand, new US products and gold-backed loans41:01 US debt growing $10 billion a day
Mauricio Di Bartolomeo on X: https://x.com/cryptonomistaLedn: https://www.ledn.io
Watch this episode on YouTube: https://www.youtube.com/watch?v=T8VdyLZcBas
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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