The Treasury fined Bank of America more than $1.2 billion this week for anti-money-laundering and sanctions failures. The bank admitted it willfully violated the Bank Secrecy Act. Regulators said it failed for years to report over $5 billion in suspicious transactions, including activity tied to Chinese money laundering networks. No Justice Department case came with it. Scott Melker's point is that Binance drew a larger penalty and a prison sentence for its founder, and that this gap is the reason crypto exists. He also covers a blazing hot PPI print, the MSCI index panic around Strategy, and Google's latest quantum result. Timestamps 0:00 A hot PPI print lands and rate-hike odds collapse anyway 2:19 Which inflation number is anyone supposed to believe 4:10 The MSCI index panic around Strategy, and why $3 billion is small 5:52 Google's quantum result, and what it does not change 7:55 Kraken's parent moves to buy a European bank 9:35 Bank of America is fined $1.2 billion for money laundering failures 11:00 Binance went to prison. The banks pay fines. 11:21 Every major bank penalty since 2000, in one chart 12:24 How Not To Invest: the Ledger spy chip 13:10 The Tesla clip worth watching #BankOfAmerica #MoneyLaundering #Bitcoin #Binance #PPI #DailyWolf #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571