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 Lido DAO is evaluating an automated buyback system for its LDO token that would use roughly 10% of staking revenue to repurchase LDO via an LDO/wstETH liquidity pool, managed by an Aragon Agent. The mechanism would only trigger when ETH trades above $3,000 and DAO revenue exceeds $40 million, with an annual buyback cap of $10 million (currently expected to be about $4 million). If approved, the program could launch in Q1 2026, aiming to boost on‑chain liquidity and reward holders. The proposal reflects Lido’s proactive governance approach to enhance token holder value under defined market conditions.
Privacy is the precondition for many of our freedoms. It’s the point at which government and corporate reach end and our individual freedoms and self-sovereignty begin. As our lives have moved online, privacy’s become a rare, vanishing commodity. That’s why we...
Yahoo! This cool thing happened this week - @privy_io has arrived on Starknet! App builders - why is this good for you? - wallets embedded directly into your app to allow web2-like features (e.g. simplified log-in methods via email, phone number, or fingerprint) -...

The move links traditional finance infrastructure with blockchain rails as major institutions push deeper into tokenized markets.
Matt Zhang on Bits + Bips: We keep fighting inflation with the same tools that cause it. He warns the U.S. debt problem is structural — and no one in DC is addressing it. #crypto #cryptopodcast #tariffs

Bitcoin has slipped from its October record of $126,000 to around $106,000, forming a classic bullish falling‑wedge pattern on the chart. The converging trendlines suggest waning selling pressure, and a breakout above the $106,000‑$107,000 upper boundary could spark a rally...

BNB slipped to a 24‑hour low of $953, a 2.3% drop from its opening at $980.18, before rebounding above $970 amid heightened volatility and elevated selling volume. The bounce occurred despite a technical breakdown and is now meeting resistance near...
Coinbase has always been about increasing economic freedom, and this factors into the state where we choose to incorporate. Texas has a strong culture of celebrating builders who are growing our economy, creating prosperity for all. They've also embraced crypto. By...
Gov’t shutdown over 🧾 — but the macro problems are just starting. On @bitsandbips, @CampbellJAustin, @perkinscr97 @fejau_inc @zhang_matt talk about: 💸 Will Trump’s $2K “tariff dividend” fuel inflation? 📉 Why DATs are trading below NAV 🏦 Are $3 trillion stablecoins inevitable? Timestamps: 🎬 0:00 Intro and...

Circle reported third‑quarter results that beat both its own and Wall Street forecasts, prompting William Blair to reaffirm its outperform rating on the company’s stock. USDC’s transaction volume surged, with trailing twelve‑month TPV climbing 101‑fold to an annualized $3.4 billion,...

Bitcoin’s Net Unrealized Profit (NUP) ratio fell to 0.476, the lowest level since April and a range that has historically preceded short‑term market bottoms. The metric has previously foreshadowed rebounds after the February surge to $70,000, a mid‑2024 correction, and...

EU regulators, led by the European Securities and Markets Authority (ESMA), are preparing to tighten oversight of pooled order books under the MiCA framework, seeking an explicit ban on cross‑border order‑book sharing. France’s AMF, along with Austria’s FMA and Italy’s...

$S keeps delivering. A great message from the CEO regarding the ecosystem. Yes, tokens are going down in value, but that means that participants and investors can generate a higher future value out of their tokens if they activate those. In terms of...

Circle Internet Group reported third‑quarter net income of $214 million, a 202% year‑over‑year jump, as total revenue and reserve income surged to $740 million, more than double the same period last year. Earnings per share rose to $0.64, well above analysts’ $0.22...
Gov't shutdown over 茶 — but the macro problems are just starting. On Bits + Bips, Austin Campbell, Chris Perkins, Felix Jauvin and Matt Zhang talk about: Will Trump's $2K "tariff dividend" fuel inflation? Why DATs are trading below NAV Are...
In today's Unchained Daily newsletter: 裡 China claims America swiped $13B in bitcoin 欄 Coinbase calls off BVNK takeover Lido wants to start buying its own token back And more! Don't miss out—read here & sign up for daily updates! https://lnkd.in/es7jCbpN

Between Oct. 28 and Nov. 10, U.S. spot Solana ETFs pulled in $343 million of net inflows across ten straight trading days, with Bitwise’s BSOL accounting for roughly $330 million and Grayscale’s GSOL adding the balance. During the same period SOL fell...

This morning we shared our Q3 results @Circle. We made huge progress delivering platforms for the world’s leading startups and financial firms, and saw strong growth and market-share gains for @usdc. With @Arc, over 100 major companies are helping us design and...
Just a brief reminder that no one can freeze your funds on Cardano or Midnight https://t.co/DmZCr0GjWh

Kraken co‑CEO Arjun Sethi warned that the UK’s FCA‑mandated crypto promotion rules – mandatory risk warnings and multi‑step questionnaires – slow transaction times and act like overly harsh “cigarette‑box” warnings, which he says could harm retail investors. He noted that...
The Age of Hydra is upon us
Welcome institutions to $ZEC. Zillions

Visa announced a pilot of its Visa Direct network that lets businesses pay creators, freelancers and gig workers in dollar‑backed stablecoins such as USDC, delivering funds to digital wallets in near‑real time. The service enables payors to fund payouts in...
Ethereum: Dubious Speculation https://t.co/IyhYaSE1dT
POLL: $BTC Projected Value at November’s End...👀

Bernstein says the United States has become a global crypto leader after enacting the GENIUS Act and preparing the CLARITY Act, which together create a unified regulatory regime for digital assets. Stablecoin supply has topped $260 billion and crypto ETFs hold...

#BITCOIN PUMPED BACK UP!! WHERE NEXT?? WATCH NOW👇 https://t.co/Ovr5FRoy9u https://t.co/z2RoOddey6
Yesterday I outlined how Digital Capital $BTC, Digital Treasuries $MSTR, and Digital Credit $STRC are reshaping the global capital markets. https://t.co/As64Rf8pFe

Bitcoin’s 30‑day implied volatility index (BVIV) broke through its year‑to‑date downtrend line, signaling a resurgence of price turbulence after a low‑volatility stretch in 2025. Analysts attribute the shift to three catalysts: the retreat of traditional volatility sellers such as miners,...
What’s connecting the dots between Ztarknet and BTCFi on Starknet? L2 for Hard Money.

I found where they are holding the altcoin conference https://t.co/1jBh2OGbcF

Coinbase announced it has terminated exclusive acquisition talks with U.K.-based stablecoin startup BVNK, a deal that had been in negotiation since earlier this year and was expected to value BVNK between $1.5 billion and $2.5 billion. The talks, which placed Coinbase ahead...
We're building a full-stack internet platform business @circle Great chat with @andrewrsorkin on @SquawkCNBC this morning. https://t.co/HSrWtBK2sp

In today’s @Unchained_pod Daily newsletter: 🧨 China claims America swiped $13B in bitcoin 🤝 Coinbase calls off BVNK takeover 💸 Lido wants to start buying its own token back And more! 📩 Don’t miss out—read here & sign up for daily updates! https://t.co/bfiOOeV5a3 https://t.co/sxsJl1fXhZ

Dogecoin slid 5.5% on Tuesday, dropping to $0.1730 and breaking the critical $0.1720 support level as Bitcoin’s fresh slide dragged major cryptocurrencies down about 5%. The move completed a textbook lower‑high, lower‑low pattern, with the hourly RSI near 38 and...

A great spot to be accumulating $LINK. It's ready to be making a new leg upwards as I suspect we'll see a strong move of DeFi in 2026. Smartcon was great. https://t.co/nxHfGOuSPz
Exchanges are huge beneficiaries of farming because it drives a huge amount of listing day trading activity .

XRP slipped 5.1% to $2.41 on Tuesday, breaking through the $2.43 support zone as selling pressure intensified and trading volume surged 46% above its daily average. Over $1 billion in XRP moved between major custodial wallets, adding uncertainty despite on‑chain data...

BITCOIN GAINED $40B IN VALUE OVER THE LAST 3 HOURS THE BULLS HAVE RETURNED! 🚀 https://t.co/kthvnoLotk
USDT Tron on OSL!

$ETH is such a great area to be accumulating this one here. https://t.co/pXOqNgLeUj

BREAKING 🚨 THE CRYPTO FEAR AND GREED INDEX JUST FELL TO 24, ENTERING THE EXTREME FEAR ZONE! https://t.co/8m6O5CHnBO

JUST IN: Visa launches new pilot program in the US allowing businesses to send stablecoin payouts directly from fiat-funded accounts. https://t.co/hcnMt843ff

To be honest, if I see this chart, then I would assume we'll see another test of the lows on $BTC before we'll go back upwards. It's government shutdown day as well. https://t.co/KspOym1YxY

BREAKING 🚨 BITCOIN HAS RECLAIMED $104,000! 🚀 https://t.co/Tup5vghgEQ

Last month the volatility shook a lot of exchanges. CryptoQuant data shows @Binance bouncing back fast: • ~$120B total reserves • $42.8B USDT (ERC20) ATH • 548K BTC still on-exchange Good to see strong reserve transparency from the market leader. https://t.co/Vh30vpay6f

Always buying more Solana. More every day. DCA is always the best way, no trying to time the market just buying dips every dip until one day it pays off. https://t.co/m4pqBT2lhd
Good morning everyone, It's time for the first side-event of $BTC Amsterdam. Who will I see coming days at the conference?

BREAKING 🚨 SATOSHI-ERA WHALE JUST SOLD ALL 11,000 $BTC AFTER 15 YEARS OF HODLING! 👀 https://t.co/606oWj7L3I
If you hold $ZEC on a CEX, withdraw it to a self-custodial wallet and shield it.