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:
By the numbers: Pepeto raises $7M in token presale

Bitcoin rose 1.5% to $88,600 on Monday after news of a phone call between President Donald Trump and Chinese President Xi Jinping, sparking a brief rally in the cryptocurrency market. While Bitcoin remains down 4.5% for the week, Ethereum gained 5% to $2,960, and the total crypto market cap climbed 2% to $3.3 trillion with $159 billion in 24‑hour volume. Institutional OTC liquidity providers remain cautious, with expectations that Bitcoin won’t retest $100,000 until Q1 2026, though total value locked is projected to rise over the next year. Meanwhile, spot Bitcoin ETFs attracted $239 million in inflows, and U.S. equity markets surged on optimism about a potential December rate cut.

XRP AND DOGECOIN ETFS ARE LIVE FOR TRADING! 11/24/2025 #iso20022 #xrp #doge #cryptowendyo #crypto #bitcoin #xrp #ethereum #solana #cryptocurrency #wendy #xrpcommunity #finance #hedera

CME Group set a new daily record on Nov. 21, trading 794,903 cryptocurrency futures and options contracts, pushing its year‑to‑date average daily volume to 270,900 contracts—$12 billion in notional value—up 132% from 2024. Open interest rose 82% year‑over‑year to 299,700 contracts,...

BNB rallied 1.9% to $863 after testing a key support level near $833, reclaiming ground lost earlier in the month when it briefly fell below $800. The bounce pushed the token above several resistance zones, but the move was supported...

Celestia launched its largest software upgrade to date, called Matcha, which expands the maximum block size from 8 MB to 128 MB and revamps data propagation to dramatically increase throughput. The upgrade also halves annual token inflation to roughly 2.5% and removes...

Bitcoin slipped to $80,600 last week but attracted $238.4 million of inflows into spot BTC ETFs, prompting analysts at Swissblock to argue that the worst of the capitulation may be over and that a bounce above $88,000 could signal a more...

I mean, it's such a good time to be scooping up positions. I think I've never seen a market so irrationally undervalued before as during this time. Anyways, $NEAR is a steal. NEAR Intents is firing off in a strong way, and...

Ondo Finance has allocated $25 million to purchase YLDS, the yield‑bearing stablecoin issued by Figure Technology Solutions, to diversify the reserve backing its tokenized short‑term US government bond fund (OUSG). The fund, which offers on‑chain exposure to Treasurys with 24/7 redemptions...

Thanksgiving week episode of Bits + Bips is livestreaming today at 4:30pm ET! 🍽️ 🦃 Hosts @CampbellJAustin, @ramahluwalia, and @perkinscr97 discuss the biggest news in crypto x macro: markets overall, NVDA earnings, prospects of an impending DATs death spiral, a flippening...

Stellar (XLM) surged 3.5% on Tuesday, climbing from $0.2436 to $0.2508 and outpacing the broader crypto market. Trading volume jumped 23% above its weekly average, indicating genuine buying interest, while a late‑session sell‑off pushed the price to a new support...

Stand With Crypto, a Coinbase‑backed advocacy group, has begun sending a questionnaire to an unspecified number of federal and state candidates ahead of the 2026 midterm elections to gauge their positions on digital assets, crypto innovation, de‑banking, mining, zoning, and...

Solana’s native token SOL is experiencing a severe supply crunch, with roughly 80% of its holders facing losses as the price continues to decline. Despite recent bullish momentum from Wall Street interest, including spot ETFs, the prolonged sell‑off has trapped...

BIG episode this week on all the latest news in Bitcoin & markets: 🔸 Bitcoin price crashes 30%: what sparked the drawdown? 🔸 Index Provider MSCI issues warning that it may exclude digital asset treasuries 🔸 Is quantum a near-term threat to...

HBAR rose 2.4% to $0.144 on Tuesday, buoyed by a 59% surge in trading volume after Hedera’s integration with Axelar, which links the network to more than 60 blockchains and expands DeFi access. The price gain was anchored by short‑term...
#BTC If you're in a situation where you wish you did things differently when Bitcoin was still above $100k... The good news is that you can still do things differently and get a second chance from the market, especially if Bitcoin recovers...
Incredible to see the progress of AI, fed it some videos and official press release of Animoca Brands & CURRENC Group Inc. (Nasdaq: CURR) and it produced an infographic to explain the potential of Animoca Brands and how it represents...

The article reveals that Brevan Howard’s Nova Digital fund secured an unusual $25 million post‑token‑generation refund right on its Series B investment in the bear‑themed blockchain Berachain, effectively insulating its principal while still benefiting from token upside. Lawyers note such clauses are...
Zac Williamson argues most L2s are “parasitic” — rebuilding the same liquidity moats. But NOT Aztec 👀 #crypto #cryptopodcast #liquidity

1/ sharing insights from Q3 2025 at @CrucibleCap - quantifying and qualifying our work first up - our sourcing mix changed a bit. this quarter we augmented with research tools which drove outreach from 4% in Q2 to 31% in Q3....

Zcash (ZEC) has fallen about 30% from its November peak of $750 and is trading within a symmetrical triangle on the four‑hour chart, signaling indecision after a 1,500% rally since September. Analysts compare the pattern to BNB’s pre‑crash parabola and...

Zelle will use stablecoins for international payments #cryptowendyo #crypto #bitcoin #xrp #ethereum #solana #cryptocurrency #wendy #xrpcommunity #finance #hedera #hbar

> "make decentralized central banks and rebuilt Wallstreet on a blockchain" > Chain literally does less than one transaction per second DO YOU KNOW WHO I AM? https://t.co/rXMkv0UfFi

A suspect masquerading as a delivery driver entered a home in San Francisco's Mission Dolores neighborhood on the morning of Nov. 22, restrained the occupant, and stole a phone, laptop, and approximately $11 million worth of cryptocurrency. The theft was reported...
Hedera is actually the way, and incredibly focused on silently building.

Here's the best way to trade trends: 1. Trade with the trend until your bias is wrong. 2. When wrong, wait for the market to shift structure 3. Trade the opposite trend until wrong again Example:👇 https://t.co/A3TfylpyB5

Grayscale launched the GXRP spot ETF on NYSE Arca, expanding regulated access to XRP, but the cryptocurrency slipped from $2.13 to $2.08 as traders focused on technical weakness rather than the product debut. Volume rose 28% above average, yet price...
CPNs new Payment Settlement Contract, an important CPN infrastructure upgrade that grows wallet compatibility, simplifies integration workflows, enables all CPN fees paid natively in USDC, and itself becomes programmable by other developers.
Interviewed @RaoulGMI, who says crypto should be valued on network effects. Fair point - so I tested it. The numbers tell a very different story. 🔗 https://t.co/XHKAeMxtl5

BitMine Immersion Technology (BMNR) bought 69,822 ether last week, raising its total holdings to 3.63 million ETH – roughly 3 % of the cryptocurrency’s circulating supply. The purchase, valued at about $195 million, pushed the firm’s cash balance to $800 million and its total...
🐧Did @Grayscale just hint at a $PENGU ETF on the way??🤔 @LucaNetz 👀 https://t.co/0w4Eh5TdbL
Multi-millionaires and billionaires are buying Bitcoin at a record pace. "It's the most talked about asset right now." https://t.co/I1UvmiHbrN

🔥Did XRP + DOGE ETF just launch at the Perfect Time?🎯 w/@LowBeta_ @Grayscale 📈 WATCH NOW👉https://t.co/WeL3UdwkTM $XRP #xrparmy $DOGE @dogecoin @Ripple https://t.co/bSLCGDjgTw
Circle's full platform suite launches on @monad!

#BTC So far, so good $BTC #Crypto #Bitcoin https://t.co/VT0Z07Yf8E

🚨 THREAD: Brevan Howard Got a “Secret” $25M Refund Right on Berachain 😨 Documents show the hedge fund can get their money back if $BERA tanks, while other Series B investors stay trapped underwater @whosknave investigates at @unchained_pod 1/5 https://t.co/VyuyAAgDKI
So apparently Cardano was never peer reviewed for being probably insecure 🤣

stUSDS supply rate has now increased to 22.33% Utilization remains high so the rate could continue to increase further https://t.co/lQVTatzl48
UPDATE: Instant buys are now available 🟣 https://t.co/i1YRGNINui
My #Altcoin portfolio has hit a new low. Not great. What's next for it? Are we going to be selling the portfolio? Watch the update here: https://t.co/NjPS23S1gr
Preventing Future Issues: Where Good Engineering meets Good Process https://t.co/pcSOSflxyw
“Bitcoin and gold trend together, but they cycle apart.” 🤯 Excellent pod from @crossbordercap & @RyanSAdams @Bankless. Learned many nuances about global liquidity & debt from this deep dive. https://t.co/gpyiCCW4FL
Another reason why @NexusMutual is trusted by users, big and small, when deploying into DeFi. Glad we could be there to help Drahor.

If you picked up some random alt L1 tokens, the easiest way to cross chain swap: https://t.co/YNHQUSgCrX Continues to hockey stick Up 50% lifetime in just two weeks https://t.co/qwhshTZPR4

Bitcoin isn’t MySpace. https://t.co/WyjRnPUm6X
🔥 @Scaramucci comments on Tom Lee's now infamous glitch interview and hints someone BIG got burned BADLY👀.. Crypto may be approaching a bear market low🔥🚀 $BTC $ETH $SOL $AVAX $XRP https://t.co/FDw5oIlBC1

tom lee bought $200m of ETH last week guys he's still buying 🤯🤯🤯 https://t.co/27zCzGvEAT
100M $USDC just got sent from the Treasury to Coinbase. Something’s cooking.

MON by @monad Now trading on Gemini ✅ Deposits and withdrawals enabled ✅ No fee staking for a limited time ✅ Limit and market order only, instant buys soon Buy, sell, store, and stake today: https://t.co/q0qSmm97d2
Privacy, self-custody, and security -- these are all foundations that help guarantee Freedom.
Medieval world (1000 years ago): Land was toiled by many peasants but ownership and profits went to a few noblemen. Today it's the same, for digital land (internet). Bitcoin Economy solves this. Only there, You Own Your Life.