Wall Street finally embraced crypto staking. It just found two ways to charge you.
Wall Street spent years telling clients that crypto had no real use. This week it launched a fund that stakes your Tron for you, takes a cut of the rewards, and charges 1.10% a year on top.
Scott Melker’s point is that the industry never warmed to crypto. It found the fee.
He also digs into Circle’s $400 million bet on Singapore payment rails, Iran letting exporters bring earnings home in Bitcoin and Tether, and a Zcash ETF that crossed $500 million with only about $70 million of outside money in it.
Timestamps
0:00 Hunter Biden’s laptop coin, and what happened to it
1:10 Circle pays $400 million for Tazapay’s payment rails
2:41 Iran opens a crypto channel for export earnings
5:22 Grayscale’s Zcash ETF and the money that isn’t outside money
8:58 Canary’s Tron fund, and the two fees inside it
10:23 Robinhood buys further into prediction markets
12:53 How Not to Invest: the laptop coin
#Bitcoin #Crypto #ETF #WallStreet #YahooFinance #ScottMelker #DailyWolf
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