Scott Melker, host of The Wolf of All Streets podcast, discusses the recent troubles facing CeFi firms like Genesis, Gemini, and FTX, as well as what this implies for the future of crypto. He also spoke about whether SBF was behind the LUNA collapse with David Lin, Anchor and Producer at Kitco News.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Scott Melker on Twitter: @scottmelker (https://twitter.com/scottmelker)
0:00 – Market outlook
2:06 – Another exchange to collapse?
5:20 – SEC sues Gemini and Genesis
9:18 – Grayscale Bitcoin Trust
10:57 – DCG and FTX
14:01 – Coinbase
14:56 – Earn products
17:20 – Crypto vs. traditional banking
20:16 – Ponzi schemes, poor risk management
24:20 – Crypto market manipulation
25:55 – Opting out of fiat with Bitcoin and gold
30:53 – Scott’s music background
#bitcoin #crypto #blockchain
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