The Wolf Of All Streets

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

Robinhood's crypto revenue broke a three-quarter losing streak, rising 20% to $120 million. Almost every outlet led on the 55% drop from a year ago instead. Scott Melker walks through what the quarterly numbers actually show.

Intel, Oracle and IBM told OKX and ICE not to tokenize their shares, which takes the objector count to 26. Brazilian companies bought stablecoins on election day and the real crashed the next morning.

Scott Bessent, Secretary of the Treasury, told Ripple's conference that stablecoins will keep the dollar on top. And Datavault AI lost half its value after admitting it cannot withdraw the Bitcoin it booked as an asset.

Timestamps0:00 Robinhood's crypto revenue fell 55%, and rose 20% from last quarter4:00 Intel, Oracle and IBM object to tokenized versions of their shares5:32 Brazilian companies bought stablecoins on election day7:32 Scott Bessent, Secretary of the Treasury, on stablecoins and the dollar9:48 Coinbase gives European customers until October 3010:36 The Fed decides today, and Kevin Warsh speaks at 2:3013:16 Datavault AI cannot withdraw the Bitcoin on its balance sheet

#Robinhood #Stablecoins #ScottBessent #Bitcoin #Crypto #DailyWolf #YahooFinance

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Brett Tejpaul, Co-CEO of Coinbase Institutional, joins Scott to talk about where Bitcoin's biggest buyers went, with the Coinbase Premium negative through October, and why seven of the world's largest banks are now building on Coinbase infrastructure for stablecoin payments and institutional crypto adoption.
Brett explains the Citi stablecoin payments partnership announced at Sibos, why banks see crypto as a threat to their payments and wealth businesses, how the Clarity Act's failure and new SEC and CFTC guidance pushed banks to move, and the Standard Asset Company strategy that pairs UAE real estate with Bitcoin. They also cover MiCA stablecoin rules, how JPMorgan, Chase, Citi and PNC use Coinbase, and why Wall Street plumbing is good for crypto. Scott closes with stablecoins in Brazil's election, Bitcoin beating the S&P 500, companies objecting to tokenized stocks, Marathon's Bitcoin moves, Scott Bessent on crypto and the dollar, the Fed decision and ETF flows.
In this episode:00:00 Bitcoin's quiet buyers and the Coinbase Premium03:03 Seven big banks and the Citi stablecoin deal09:13 How deep bank partnerships with Coinbase go16:52 Why banks plan to disrupt their own payments20:58 The Clarity Act, SEC and CFTC, and MiCA26:04 Bitcoin plus UAE real estate at Standard Asset Company33:40 MiCA stablecoins and JPMorgan, Citi and PNC37:16 Wall Street plumbing and Coinbase infrastructure42:56 Brazil, Bitcoin vs. the S&P 500 and tokenized stocks46:59 Bessent, the Fed decision and Bitcoin ETF flows
Brett Tejpaul on X: https://x.com/bretttejpaulCoinbase Institutional: https://www.coinbase.com/institutional
Watch this episode on YouTube: https://www.youtube.com/watch?v=eGgMEQa4r4A
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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.

Hyperliquid named Payward, Kraken's parent, as its intended first CFTC-regulated deployer on Monday. If regulators approve it, Bitnomial would run the markets and NinjaTrader Clearing would hold client accounts, giving US traders access to perpetual futures they have been locked out of.

The same day, Ripple won final approval for Ripple National Trust Bank, which will manage the reserves behind its $2.5 billion RLUSD stablecoin.

Scott Melker also covers BlackRock testing a yen stablecoin in Japan, Binance filing for a Brazilian licence, and Canada copying the GENIUS Act.

Timestamps0:00 Hyperliquid names Kraken's parent as its first regulated US deployer1:09 Why the biggest offshore venue wants to come onshore4:11 Ripple wins final approval for a national trust bank6:08 BlackRock, SBI and Startale sign a yen stablecoin agreement7:55 Binance files for a Brazilian licence and delists 22 tokens9:57 The NBA partners with two prediction markets at once11:35 Canada's draft stablecoin rules look familiar13:28 A Zcash co-founder proposes ending the developer subsidy

#Hyperliquid #Kraken #Ripple #RLUSD #BlackRock #Bitcoin #DailyWolf #YahooFinance

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DoubleZero co-founder Austin Federa joins Andrew Parish and Tillman Holloway of Arch Public to debate whether the Bitcoin bear market is over, after Galaxy said the bottom was in back in June while Bernstein cut its targets for crypto stocks and stopped assuming any bullish price action.
The panel starts with Wall Street's split on Bitcoin, volatility, IBIT options and ETF flows, then Austin explains DoubleZero's low-latency network, its new Edge for Builders data feeds and how AI agents are opening up fast trading. From there it's the K-shaped economy and Bitcoin ETF demand, Kraken's plan for regulated US perpetual futures on Hyperliquid, crypto and the dollar, on-chain IPOs, Ripple's national trust bank, crypto's market structure and self-custody problems, and why meme coins are entertainment, not investments.
In this episode:00:00 Galaxy and Bernstein split on the bear market03:42 Volatility, IBIT options and repriced markets06:23 IBIT flows and a bottom in crypto narratives09:27 Austin Federa on DoubleZero and Edge for Builders15:49 AI agents, trading access and exchange UIs22:43 The K-shaped economy and Bitcoin ETF demand29:06 Kraken, Hyperliquid and US perpetual futures34:57 Crypto exchanges, Robinhood and on-chain IPOs37:26 Crypto market structure and self-custody risks44:07 Meme coins, pump.fun and entertainment vs. investing
Austin Federa on X: https://x.com/Austin_FederaDoubleZero: https://doublezero.xyzAndrew Parish on X: https://x.com/AP_AbacusTillman Holloway on X: https://x.com/TEXASOL61Arch Public: https://archpublic.com
Watch this episode on YouTube: https://www.youtube.com/watch?v=Sm3ez-tlplQ
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.
Scott Melker discusses this past weekend's liquidation of Bitcoin (BTC-USD) leverage and all the movements of Strive (ASST), Strategy (MSTR), and Bitmine (BMNR). Donald Trump and World Liberty Financial are being sued in Federal Court.
"The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.
Watch every episode on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/
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.com
Learn more about your ad choices. Visit megaphone.fm/adchoices