BitMart users say they can’t get their crypto off the platform.
In this episode of The Daily Wolf, Scott Melker breaks down reports of blocked withdrawals as BitMart prepares to shut down, including one user asking where his $10 million went. Scott explains why the situation is giving crypto investors uncomfortable memories of 2022, when failing platforms left customer funds trapped.
Scott also explains how Kraken’s expansion into U.S. stock trading and Nasdaq’s move toward 23-hour trading are accelerating the convergence of crypto and traditional markets. Plus, he covers new U.S. stablecoin rules, a 50% revenue collapse at major Korean crypto exchanges, and why nearly three-quarters of active fund managers failed to beat their benchmarks over the past year.
Timestamps
00:00 BitMart users report blocked withdrawals
01:00 One user asks where his $10 million went
02:16 Why Scott is worried about BitMart customers
03:12 Kraken brings U.S. stocks to Europe
04:23 Crypto exchanges become global brokerages
05:28 Why everything could eventually trade 24/7
05:51 Treasury sets new stablecoin rules
07:05 Exchanges may have to delist noncompliant stablecoins
08:10 What happens to Tether?
08:27 Korean crypto exchange revenue collapses
09:40 Where crypto’s speculative money went
10:57 Nasdaq moves toward 23-hour trading
12:22 How not to invest
13:36 Why most active fund managers lose
14:17 Scott’s simplest investing strategy
#BitMart #Bitcoin #Crypto #Kraken #Nasdaq #Stablecoins #Investing #ScottMelker #TheDailyWolf #YahooFinance
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