Binance got hacked, and Scott Melker says crypto now faces an existential crisis over custody. He has watched longtime self-custody believers give up and move their bitcoin into ETFs, and big holders are swapping coins into BlackRock’s bitcoin fund. Melker explains why the hack is nothing like FTX and why no custody option is completely safe.
He also expects Elizabeth Warren to go after the Trump family’s crypto ventures without stopping pro-crypto laws, breaks down Strategy’s exclusion from MSCI indexes and explains why bitcoin dipped with tech after Jensen Huang’s resignation.
Featuring:
Scott Melker, Host, The Daily Wolf
[Host name, title], Yahoo Finance
Watch the full day of Yahoo Finance Invest: https://youtube.com/live/rAYVxDJYeAc
Timestamps
0:00 Why the Binance hack is nothing like FTX
0:51 AI-enabled hacking comes for crypto
1:19 Crypto’s custody crisis
2:35 Is a bitcoin ETF any safer?
3:11 Warren and the Trump family’s crypto
4:45 Pro-crypto laws anyway
5:54 Strategy and the MSCI exclusion
7:12 Jensen Huang’s exit and bitcoin
#Bitcoin #ScottMelker #Binance #YahooFinance
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