What's happening: Bitcoin ETF Custody Concentrates Power, Raising Systemic Risk
Spot Bitcoin exchange‑traded funds now hold over $54 billion, roughly 1.5 million BTC. The ETF structure places the underlying coins in a trust controlled by a handful of custodians, with Coinbase identified as the dominant custodian, creating a single point of operational failure.
Also developing:

Ethereum’s on‑chain data shows exchange balances have slipped to 8.8% of total supply, the lowest proportion since the network’s 2015 debut. The decline reflects a migration of ETH into staking, layer‑2 solutions, corporate digital‑asset treasuries and collateralized positions. By contrast, Bitcoin’s exchange holdings sit near 14.7% of its supply. Analysts warn the tightening supply could amplify price moves if buying pressure resurges.

Prediction markets are rapidly becoming a speculative arena where crypto traders chase returns that dwarf traditional spot holdings. Platforms like Polymarket enable asymmetric payoffs, exemplified by a BNB contract that could yield a 100× payout versus a modest 1.65× spot...

In today’s @Unchained_pod Daily newsletter: 🪙 ETH leaves exchanges at record lows as long term holders take over 🧪 Aztec’s token sale showcases Uniswap’s CCA in action 🌐 Jupiter backtracks on “zero contagion” after community pushback 🧩 ZKSync Lite prepares for a final sunset 🎯...
In today’s Unchained Daily newsletter: 🪙 ETH leaves exchanges at record lows as long term holders take over 🧪 Aztec’s token sale showcases Uniswap’s CCA in action 🌐 Jupiter backtracks on “zero contagion” after community pushback 🧩 ZKSync Lite prepares...
Physical coercion of crypto asset holders is accelerating, with Jameson Lopp’s database showing a 169% rise in reported attacks in 2025. The surge aligns with Bitcoin bull markets and OTC trading spikes, and incidents now include home invasions, kidnappings, and...
For the first time in 3 months, $ETH is holding above the 20-Day MA against $BTC. That's a strong signal. Yesterday was a test: the markets dropped sharply, but $ETH quickly recovered. In this sense, I think $ETH will outperform Bitcoin in the...
Crypto exchange‑traded products (ETPs) recorded $716 million of inflows this week, extending a $1 billion gain from the prior week. The rebound lifted total assets under management above $180 billion, an 8 % rise from November lows after a $5.5 billion outflow streak. Bitcoin led...
CoinShares reports that tokenized real‑world assets exploded 229% in 2025, reaching $18.1 billion, driven primarily by US Treasury tokens that more than doubled to $8.68 billion. Private‑credit tokenization also nearly doubled, underscoring a broader shift toward on‑chain fixed‑income products. Ethereum remains the...
Circle, the issuer of the USDC stablecoin, announced a strategic partnership with crypto exchange Bybit to deepen USDC integration across spot, derivatives and payment channels. The collaboration aims to boost liquidity, improve fiat on‑ramps and off‑ramps, and expand cross‑chain support,...
The era of 'Crypto Experimentation' is over! The era of Integration has begun. We are trading volatility narratives for structural growth. I wrote a guest author post in the @EconomicTimes on how the crypto market in 2026 will be fundamentally different...
In this episode, Arthur Breitman, co‑founder of Tezos, discusses the potential of tokenized uranium and the looming quantum threat to Bitcoin, while making a strong case for proof‑of‑stake as the superior consensus mechanism. He provides a deep dive into Tezos’s...
Binance has secured three licences from Abu Dhabi’s Financial Services Regulatory Authority – covering its exchange, clearing‑house and broker‑dealer operations – under the ADGM framework. The licences grant regulatory clarity and allow Binance to launch regulated activities from 5 January 2026, marking...
Decentralized messengers like Session and SimpleX are gaining traction as industry leaders, including Vitalik Buterin, fund their development with a 128 ETH donation. Session combines end‑to‑end encryption with onion‑routed swarms, eliminating phone numbers and reducing metadata exposure. The app offers a...
Everyone seems to be concerned about things they don’t need to be concerned about. You don’t need to worry about quantum computers killing #Bitcoin. Worry about QC cracking your nuclear launch codes. You don’t need to worry about the composition of @Tether_to’s...
I’ll be at Abu Dhabi Finance Week this week. If you're a fintech or simply interested in learning more about DeFi, feel free to reach out. DeFi for everyone.
Ethereum’s first ZK‑rollup, ZKsync Lite, will be retired in 2026 after fulfilling its proof‑of‑concept role. Launched by Matter Labs in 2020, it enabled fast token transfers and NFT minting but lacked smart‑contract capability. Development ceased in early 2023 when the...

THE UAE SAYS BITCOIN IS A STRATEGIC FINANCIAL ASSET. THIS IS HUGE! 🇦🇪 https://t.co/eVEmjEYm8T
BULLISH 🚨 Michael Saylor said he’s personally met with all the major sovereign wealth funds and the richest families to talk about Bitcoin. Trillions of dollars are about to flood the market! https://t.co/53lyDcTClV
Philippines‑based digital bank GoTyme, now serving 6.5 million customers, has launched crypto services through a partnership with US fintech Alpaca. The app lets users buy and store eleven digital assets—including Bitcoin, Ether and Solana—by automatically converting Philippine pesos to US dollars....
Bitcoin & Ethereum Big Money Knows 👉 Join The Inner Circle https://t.co/4DaLu8HQGO https://t.co/wMkIzej5ZU
OVER $473.92 HAS BEEN WIPED OUT FROM THE CRYPTO MARKET IN THE LAST 24 HOURS 60% were long positions! https://t.co/wEDXRHFudn
The Trump administration’s new national security strategy makes no mention of cryptocurrency or blockchain, even though recent policy moves have embraced the sector. The document instead highlights artificial intelligence, biotech and quantum computing as core technological priorities. Despite the omission,...
Hope you all had a good weekend On the Polygon side, JPYC (a stablecoin linked to the Japanese yen) doubled their supply over the weekend 🗾 https://t.co/XGW7faeNMi
BITCOIN HAS JUST RECLAIMED $92,000! 🚀 https://t.co/3Ru8WU9YQr
Ethereum co‑founder Vitalik Buterin proposed an on‑chain futures market for gas fees, allowing users to lock in transaction costs for future periods. The concept aims to provide certainty amid the network’s historically volatile fee environment, where average fees have swung from...
First time at Bitcoin MENA https://t.co/IyyjlyEw9U
Yes. Starknet is built from First Principles. It's built to be: 1. quantum proof 2. scalable 3. (soon) private Time to show the world, one STARK at a time!
Bittensor is set to halve its daily TAO token issuance from 7,200 to 3,600 around Dec. 14, marking the network’s first four‑year supply cut since its 2021 launch. The reduction moves the ecosystem toward a 21 million hard‑cap, mirroring Bitcoin’s scarcity model,...
ARGENTINA TO END CRYPTO BAN! Argentina’s central bank is drafting rules to allow banks to offer crypto trading and custody. If approved, banks will go head to head with exchanges under tougher KYC standards. This is massive for Argentina 🚀...
BINANCE FOUNDER CZ JUST ANNOUNCED “THE EU NEEDS BITCOIN!” https://t.co/aaTr5S0igu
COINBASE IS BACK IN INDIA 🚨 After a pause since 2022, Coinbase has officially restarted onboarding and trading for Indian users. A massive win for crypto adoption in India! https://t.co/mmhMJ82mYL
This is a BIG DEAL! (I almost never use CAPS 😆) #Binance, the first to secure Global Licenses under ADGM 🔶Three licenses: 🔸exchange 🔸clearing house 🔸broker-dealer 🔶Global operations 🔶Full business coverage 🔶Top tier regulator Onwards! https://t.co/sICMoiQLFf
ANTHONY SCARAMUCCI JUST SAID ON LIVE TV THAT BITCOIN IS GOING TO $1,000,000. “10X OPPORTUNITY IN BITCOIN RIGHT NOW” You’re not bullish enough! 🚀 https://t.co/QZYyFLanzJ
Great speaking with @coinbureau and @TheBonnieChang at Binance Blockchain week about what works and what doesn’t when growing social media channels in crypto https://t.co/WkNMFG9pCl
My prediction in 2018 for payment processors adopting Bitcoin was off by ~2 years. It’s also been ~2 years since I called for $1.0M. 😎
UPDATE 🚨 BINANCE JUST BECAME THE FIRST CRYPTO EXCHANGE FULLY AUTHORISED BY ABU DHABI’S FSRA! https://t.co/796oJKHZ03
Following other similar crashes to what we saw on 10/10 it took around 90 days before recovery started. During that time the market was “dead” It has been 2 months If we correlate then watch for January to start heating...
Great to see this seamless USDC flow for HyperEVM, HyperCore and Hyperliquid. Great for users. Great for builders. Hyperliquid.
This man is doin’ whatever it takes to get #Bitcoin to a new ATH. https://t.co/nxyDWQ2nMa
BILLIONAIRE JACK DORSEY HAS SAID “THE INTERNET WILL HAVE A NATIVE CURRENCY, AND IT WILL BE BITCOIN!” ITS HAPPENING! 🚀 https://t.co/FmM8GYBbac
BULLISH 🚨 Tom Lee just said “Bitcoin has become a $2 trillion asset. Never in financial history has anything reached $2 trillion and disappeared.” “Ignore it at your own risk.” Here we go! https://t.co/CsDyi5x1YU
Come Jan. 15, MSCI might exclude Strategy from its indexes. 📉 Here's how @VinnyLingham says it would affect shareholders 🗣 https://t.co/WbUfxMIaZQ
The #Altcoin portfolio is down 70% since I've started it. I could have quit on the way. I could have added funds on the way. I could have done all kind of stuff with it, but I remained into the portfolio,...
It’s 2025 A new #BTC Four Year Cycle has therefore begun 2025 will be the year of the $BTC Bull Market peak 2026 will be the year of the Bitcoin Bear Market And 2027 will be the Bottoming Out year to precede an entirely...
0/ It's Breakpoint week! Me and the entire MCC team will be around. Say hi! Going into Breakpoint, I wanted to share some thoughts on what I think was the most important development in Solana in the last 12 months.
I’m excited about Anoma again now that they’ve deployed their first “adapter” on Ethereum. I haven’t really grokked this “Anoma Resource Machine” model yet, but knowing the team, I’ll bet it really offers the cool properties that they are claiming.
Had so much fun chatting with @BITVOLT for the @SimplyBitcoin pod in Lugano. We covered @spark, Lightning, making Bitcoin part of daily payments and so much more. Special award for the most picturesque backdrop for a podcast ever. No contest.
BREAKING 🚨 BINANCE REACHES 300 MILLION USERS CONGRATS @cz_binance 👏 https://t.co/pF0BqHZ993
More than 300,000,000 users trust @Binance. 🙏🙏🙏 https://t.co/LU8WQvvWA7
Ethereum is preparing for another test of $3,250 resistance A run to $3,600 is on if it gets above 📈 https://t.co/5YUAMTdWRU