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Amidst the collapse of FTX, how safe is the backbone of crypto - USDT/Tether? I talk to my frequent guest, Paolo Ardoino, CTO of Tether. Also, I will review the biggest news of the crypto week: Kraken layoffs, SBF PR campaign, Apple NFT fees, Fed rate hike slowdown, Animoca's $2 billion Metaverses fund & BlockFi bankruptcy. \n\nPaolo Ardoino: https://twitter.com/paoloardoino\n\n\u25ba\u25ba JOIN THE FREE WOLF DEN NEWSLETTER\nhttps://www.getrevue.co/profile/TheWolfDen \n\nGET UP TO A $8,000 BONUS IN USDT AND TRADE ALL SPOT PAIRS ON BITGET FOR ZERO FEES!\n\u25ba\u25ba https://thewolfofallstreets.info/bitget \n\nFollow Scott Melker:\nTwitter: https://twitter.com/scottmelker \nFacebook: https://www.facebook.com/wolfofallstreets \nWeb: https://www.thewolfofallstreets.io \nSpotify: https://spoti.fi/30N5FDe \nApple podcast: https://apple.co/3FASB2c \n\n#Tether #FTX #bitcoin \n0:00 Intro\n1:35 Paolo Ardoino\n1:57 Circle vs Tether\n4:15 Tether gonna die?\n9:35 Tether redemptions\n12:50 FTX, Deltec & Tether Connection\n14:40 Audits & FUD around Tether reserves\n20:10 Why Tether is not doing the audit\n22:56 What do Tether reserves consist of?\n24:15 The future of Tether and stablecoins\n27:55 Wrap up with Paolo\n30:30 Jobs report!\n31:50 Kraken Cuts 30% of Workforce\n33:00 Layoffs tracker\n35:08 Coinbase Disables Mobile NFT Transfers\n38:00 $2B Metaverse Fund\n39:00 BlockFi bankruptcy\n42:00 SBF PR campaign went wrong\n\nThe views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.