The Daily Wolf | Wall Street's clearing house just went live on a blockchain.
From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance. The DTCC's tokenization service went live with 34 securities and 20 Wall Street firms, among them J.P. Morgan, Citi, Bank of America, Morgan Stanley and Fidelity. Scott Melker asks whether this is adoption or whether Wall Street took the technology and turned it into plumbing. The Fed held rates in a 10-2 vote, then GDP came in at 3.4% and PCE inflation at 3.6%. Utah filed 14 criminal charges against Kalshi and its co-founders while the CFTC sued Utah to stop it. Westpac is capping crypto payments at A$10,000 a month, and Singapore police found tampered Ledger devices behind S$3.5 million in losses. Timestamps0:00 The DTCC's blockchain service goes live with 20 Wall Street firms2:39 The Fed holds rates 10-2, and two officials wanted a hike6:13 Westpac caps crypto exchange payments at A$10,000 a month7:49 Utah files 14 criminal charges against Kalshi and its co-founders10:14 Google previews a multi-party custody system for institutions11:28 Bitcoin Core patches weaknesses that AI helped uncover12:21 Singapore police warn about tampered Ledger devices13:37 ICE and Trade.xyz plan a US perpetual futures market on Hyperliquid #DTCC #Blockchain #WallStreet #Kalshi #Bitcoin #DailyWolf #YahooFinance 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
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