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:
The SUSHI token is down 12% on the day.
The problem is that tokens can’t be shareholders. The computers are the property of the individuals running the protocols, not the token holders. So token holders can’t enforce anything. Even if 100% of the token holders vote...
Prediction markets are set to appear within mainstream brokerage platforms after Polymarket secured a regulatory pathway by acquiring a licensed exchange. The move enables brokerages to offer binary yes/no contracts on events such as Federal Reserve rate decisions or ETF...
Ether futures on CME have overtaken Bitcoin futures in volume, marking the first time the derivative market’s open interest flipped in favor of Ethereum. CME director Priyanka Jain highlighted that heightened ETH volatility is attracting traders rather than deterring them,...
Usually when there was a correction in the market all of the alt coins and there are thousands of them, would have a large correction but they would bounce back. This time, they're not bouncing back and the reason that...
Bitcoin opened December with a negative gap, indicating bearish momentum. Analysts see the $80,000 mark as a pivotal support, with the potential to test $70,000 if sellers dominate. The broader crypto market, including major altcoins, is likely to follow this...

Polymarket, a crypto‑based prediction‑market platform, introduced contracts allowing users to bet on the outcome of the Russia‑Ukraine war. The bets reference data from DeepStateMap.Live, a volunteer‑run OSINT map that Ukrainians rely on for daily safety decisions. Critics argue that commercializing...

Bitnomial, a Chicago‑based derivatives exchange, has become the first platform cleared to offer CFTC‑regulated spot cryptocurrency trading, including leveraged products. The exchange’s self‑certified rules were activated on Friday, allowing customers to buy, sell, and finance digital assets on a federally...

In this episode, Stepan Simkin, founder of Squads, explains how his platform has shifted from a DeFi‑focused tool to a broader treasury solution for companies, addressing the cash‑flow challenges of small‑medium businesses. He discusses the growing migration of local currencies...
Lots of big headlines and updates on this week's 10 min News Block: Tether FUD explained, a quiet bank rule change, Musk comments on Bitcoin and much more! https://lnkd.in/g3xRwRei
JPMorgan has terminated its banking relationship with Strike, the payments firm led by Jack Mallers, effectively "debanking" its CEO. Both parties have remained silent, offering no public explanation for the abrupt move. The decision comes as Strike’s technology mirrors aspects...
Staking is one of the most popular ways people passively earn on their crypto. But you have to wait to unstake your assets which can take weeks for some protocols. So our team built the solution: instant unstaking. It’s an optional...
The yETH exploit is the third hack of a Yearn Finance product since 2021.
Chairman French Hill of the House Financial Services Committee released a report labeling the Biden administration’s regulatory actions as “Operation Choke Point 2.0,” accusing agencies such as the SEC and Federal Reserve of systematically hindering crypto development. The document details what Hill describes...
Bitfinex’s CTO Paolo Ardoino unveiled a new options framework that adds dedicated trading rails to the exchange’s infrastructure. The design separates options risk from spot and perpetual markets, using dynamic margining and low‑latency execution. Bitfinex also announced strategic insurance partnerships...
Chainlink’s native token LINK dropped 11% on Tuesday, slipping below the $12 mark and breaching a critical support zone. The decline was accompanied by unusually heavy trading volume, confirming a technical breakdown that suggests a sustained downtrend. Although the market...
JPMorgan reported that Bitcoin mining profitability declined for the fourth straight month in November, with daily block‑reward gross profit falling 26% from October. The network hashrate slipped 1% to an average of 1,074 exahashes per second after reaching a record high...
The reason ZEC outperformed since 10/10 is that it wasn’t held by the market participants who suffered in the the Binance incident. For the last month, the holder base has become more like a “normal” token with outsized Binance spot volume...

LATEST 🚨 SEC CHAIR PAUL ATKINS TO GIVE A "MAJOR SPEECH" TOMORROW BUCKLE UP https://t.co/lGIrLmP064
🔷Ethereum Fusaka UPGRADE & BEYOND!!🔥🔥 w/@drakefjustin 👀 WATCH NOW👉https://t.co/mzLRRSKNcJ $BTC $ETH https://t.co/wKnWXAL7Tg
Who's at #BinanceBlockchainWeek this week?! If you can’t make it, make sure to tune in live. https://t.co/OdhIyOvPsW
Let’s split the mcap by revenues
Bear market will bottom when MicroStrategy blows up 👀👀👀 https://t.co/6H6VkZfTqJ
This is awesome and is happening way faster than I thought. You need 20 apps for 1 to be good. And 20 good apps for 1 to get revenues. 1:400 basically. 20 apps with revenues for 1...
Let's see how prices are going to react when #Bitcoin tests beneath that low at $83.4K. If that doesn't provide enough buying pressure, then we're going to test the low beneath $81K for support. Probably in the next few days. https://t.co/NW9NcHYDb6
Tether FUD and Bitcoin FUD is being pushed aggressively these days. Stay frosty.
The average cost for global miners to extract 1 $BTC from the network is $70,000-$75,000 Bitcoin is just 12%-20% above miners being breakeven on their operations ⛏️ https://t.co/NHwGZMUm1L
Celestia exists to allow anyone to build an exchange with novel market microstructure and HFT throughput. The missing piece is a single plane of glass to move into and out of markets.
I got to see the issues of money first-hand from being an early employee at Airbnb. Trying to move money around 100+ countries wouldn’t work properly. It was (and still is) very slow, with constant delays, high fees, and it only...
A bank-issued stablecoin isn’t just infrastructure. It’s branding, loyalty, and control over the customer experience. Outsourcing to USDC or USDT means losing all of that, says Nakul Chandraraju from @MNEE_cash. https://t.co/JPeGXIbxo5
Raise your hand if you also do not care what Saylor and Strategy do, because Bitcoin does not either. HIGHER
much ado about crypto pricing but reality is we have more data on long term economic value in these networks and most are zero to net negative value creation so instead of pricing infinity upside people are pricing reality based on...
BREAKING 🚨 $MSTR DROPS TO ITS LOWEST LEVEL SINCE MID-SEPTEMBER 2024 https://t.co/ytCZpfMvPR
ICYMI: my chat with @MustStopMurad on how NEAR Intents can drive value creation for all of crypto, unpacking the need for private, user-owned AI, and why the future AI economy will be intents-based 🎧
$93K BTC Reversion ✅ $3,050 ETH Reversion ✅ $450 ZEC Breakdown ✅ Zero Complexity Trading. https://t.co/pMNH5E4j3X
Quite obvious price pattern. Last month: first trading day, massive bloodbath on #Altcoins. This month: first trading day, massive bloodbath on the markets. Probably rebalancing or whatever there is, this takes 1-2 days and then it should stabilize and go back up...
Thoughts on Growth for Cardano in 2026 (Pentad Series) https://t.co/3aaqQiLTg6
It would be beneficial to the Ethereum community to culturally take off the breaks on making progress
DISGUSTING BITCOIN CRASH BLACKROCK'S SHOCKING CONFESSION https://t.co/kbBdJIEgjw
So Vitalik now wants solidity to be more like Haskell... https://t.co/Wk5mPW5uSP
Sooo you should be able to build an ETH main net prop AMM from this....
JUST IN 🚨 TOM LEE CALLS FOR A NEW BITCOIN HIGH BY THE END OF JANUARY https://t.co/Arj5vpchcv
Another rate hike last night — $STRC is now 10.75%. https://t.co/0tTkUAAHb5
My personal debanking was used as an example in house financial services report on operation chokepoint Btw wasn’t just me, but most of the early team, and the company (3-4 times) https://t.co/p9tVdB9Wav
Also, the hilarious part is that apparently "crypto is dumping due to Japan" but stocks seem to not care about that narrative at all. Good tech
The market is cooked and the trend is down, I'm so happy I'm in stables right now. I'm not buying yet, but I have my buy limits ready to begin my DCA. Thank you @krakenpro
GOOD NEWS: the Fed's updated supervisory priorities omit any mention of Fed regulators targeting banks for #crypto, #fintech & banking-as-a-service (#BaaS), which the "degrowth" crew previously in charge of Fed supervision had explicitly targeted. Bowman already tore that down.👏
UPDATE 🚨 PETER SCHIFF POSTS ABOUT BITCOIN AND $MSTR EIGHT TIMES WITHIN THE PAST DAY AS BEARS CELEBRATE THE DROP https://t.co/k6d7y8DBhv
Looks like we have ink on paper for the first integration. The pentad is already working. Announcement this month. https://t.co/yvgfOoOjnx
Tommy Lee calls for a new Bitcoin all time high in January 2026. What about $10,000 Ethereum? https://t.co/YSod751HxC