Latest / The Wolf Of All Streets
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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.