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

Anchorage Digital, a U.S. federally‑chartered bank, announced it will provide regulated custody services for BOB’s hybrid Bitcoin‑Ethereum DeFi platform, giving institutions a compliant gateway to Bitcoin‑native yield opportunities. BOB’s ecosystem currently holds about $250 million in total value locked, while Bitcoin‑based DeFi overall has surged to over $8 billion in the past 18 months. The service leverages Anchorage’s Major Payment Institution License in Singapore and its self‑custody wallet, Porto, to bridge traditional finance and crypto. The move aims to expand institutional participation beyond passive BTC exposure into active DeFi strategies.

Circle has submitted recommendations to the U.S. Treasury urging that the newly enacted GENIUS Act impose uniform, strict backing, transparency, and enforcement standards on all payment stablecoin issuers, whether banks, non‑banks, domestic or foreign. The firm stresses that stablecoins must...

Cathie Wood of ARK Invest trimmed her long‑term Bitcoin price target by $300,000, now seeing about $1.2 million by 2030, because rapid stable‑coin adoption in emerging markets is diverting demand. She still frames Bitcoin as digital gold, while stablecoins such as...

Wintermute warns that crypto markets are trapped in a liquidity loop as inflows from stablecoins, ETFs, and digital‑asset treasuries have stalled, forcing capital to recycle internally. Although assets in these channels surged from $40 billion to $270 billion and stablecoin issuance doubled,...
$11 trillion Charles Schwab to start offering Bitcoin trading in H1 of 2026 Standard Chartered also launching Bitcoin & crypto custody services in January JPMorgan is forecasting Bitcoin to reach $170K in the next 6-12 months The institutions are lining up one by...

The GENIUS Act became law on July 18, 2025, creating the United States' first federal regulatory framework for stablecoins and launching a two‑year rulemaking battle that will determine whether roughly $250‑$300 billion of stablecoin liquidity moves into bank‑wrapped structures or is...
The public sale of crypto’s newest L2 sold out and allocations were revealed Thursday. But can MegaETH succeed in building a UX similar to Web2? On @unchained_pod, MegaETH’s @hotpot_dao & @amiralmaimani joined me to discuss: ⏱ Real-time blockchain (10ms latency) 🔁 Rotating sequencers 💰...

The post argues that Monero is the only truly private cryptocurrency because its privacy features—ring signatures, stealth addresses, and mandatory protocol‑level anonymity—are enabled by default for every transaction. It explains how these design choices ensure fungibility and protect users such...

Blueprint Finance CEO Nic Roberts‑Huntley warns that DeFi’s headline‑grabbing APYs mask hidden costs such as impermanent loss, gas fees and low liquidity, which often erode retail investors’ returns. He contrasts sophisticated institutional risk‑models that factor these variables with retail participants...
Difference between TEE, ZK, MPC and FHE -- summing up: (I know I wrote a lot about it over the past 2 weeks. For those who survived, you get a prize: fewer words about it.) TEEs - Promise to solve integrity and privacy...

Japan's Financial Services Agency announced it will back a proof‑of‑concept project in which the country's three biggest banks—Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group—will jointly explore issuing a stablecoin as an electronic payment instrument. The...

Lantern Ventures, the London‑based crypto trading firm founded by former Alameda Research co‑founder Tara Mac Aulay, is winding down its external funds and returning capital to investors after managing roughly $600 million at its peak. The firm has closed to new investment,...
Losing streaks and winning streaks don't affect me much anymore. Why? Because I have a journal full of data showing me that I'm profitable over a large sample size, I never look at the results of individual trades. I focus on the result...

CleanSpark (CLSK) is a U.S. Bitcoin‑mining and energy‑infrastructure firm that is expanding into AI‑ready data‑center and high‑performance computing services, leveraging low‑cost, sustainable power to keep mining costs low while adding strategic optionality. Recent Q3 FY2025 results showed a 90.8% revenue jump...

The 2025 Global Crypto Hedge Fund Report, covering 122 managers with $982 billion in assets, finds that 43% of hedge funds with crypto exposure plan to integrate DeFi over the next three years, mainly via tokenised funds and direct platform engagement....

Matt and Nic dissect this week’s crypto headlines, covering the Balancer hack, the collapse of Stream Finance’s xUSD, and the surge in Zcash prices, while also noting broader market stress from the U.S. government shutdown and stablecoin liquidity concerns. They...

This year, stablecoins are leading the next wave of crypto adoption. Do you think 2026 will be the stablecoins go mainstream? 💭

$RIG I like this chart zoomed out and the volume here locally. Too risky to throw much in but I'll put 1% of port in and see what happens. Invalidation would be loss of breakout level https://t.co/7VhPEXGBXx

Filecoin (FIL) jumped 70% on Nov. 7, soaring from $1.33 to $2.27 and breaking the key $2 psychological barrier as volume spiked to 72.8 million tokens—247% above its 24‑hour average. The move unfolded in three phases—accumulation, breakout and consolidation—and established primary support...
Set and forget vaults. Reliable yield with downside protection. Soon.
We're at the start of the great revival of #Altcoins. Left and right, 'random' projects are breaking out. In the coming weeks, we'll see bigger projects start to provide the same move. Good things.

$CENX Wow what a candle so far today. https://t.co/8t0Y4klgj0
Grab your GHO Passport for Buenos Aires.

#Bitcoin Bullish scenario would be that these lows hold and we reclaim $104,000 $104,000 would confirm a double bottom so keep an eye on that level for reversal confirmation. https://t.co/jwoiK1NttU
Deep dive on NEAR Intent fees

$EXK Almost retraced the whole pump https://t.co/fP7VMZkJ2F

$CENX Now or never at HTF support. Nice upside potential if it gets rolling https://t.co/y0u82pNSAu
zcash?

The #Bitcoin Price is looking nice to buy https://t.co/J5ZLQtbNUg
Excited for Tempo to collaborate with @commonwarexyz
🚨 @avax dominating in institutional RWA🔥 Solana Foundation: ....."No Comment"🤭 $AVAX $SOL @MorganKrupetsky @agent_avery @el33th4xor @John1wu https://t.co/tCipJYxHnp
We envisioned in 2023 that you will use blockchains and access assets differently. It took time to get all the pieces together but now it's flying. Excited to work closer with @kaiynne to bring the future of chain abstracted super apps...

XRP vs Solana with @vibhu 🔥👀 WATCH👉https://t.co/jTRKgcyTvP @xrpmickle @RippleXrpie @xpmarket @MasonVersluis https://t.co/fPiBoaABhh
Swap smarter not harder with your hardware wallet

Yes, this is a great looking chart. $NEAR doing great things and starting to wake up. I think we'll see way more momentum. Ready to break the 20-Week MA and then, we're back on track to $5+. https://t.co/xUXeqWgWki

👀 According to JPM analysts bitcoin is undervalued compared to Gold. https://t.co/BhzYjC01fG

good morning, it’s a beautiful day to buy bitcoin below $100k https://t.co/OWpO34cARk

“At some point in December, we’ll hit an all-time high.” 💥 @joevezz says bitcoin could sneak to $130K once sentiment flips and capital rotates back in. https://t.co/vdpZmzc8zu
Aha moment from the past: There was a time when it seemed like my theoretical work didn’t have a real-life use case out there. Then: 2013, San Jose, Bitcoin conference. Aha.

JUST IN: Kazakhstan to launch $1 billion crypto reserve fund using seized assets by 2026 https://t.co/Cl7IduU2mq
Due to the rapid ascent in price, $ZEC is now the 2nd largest *LIQUID* holding in @MaelstromFund portfolio behind $BTC.

$NEAR Another spring here? https://t.co/whzGQcPPPN
ZCash Another successful "ATH" structure breakout ✅ I'll keep betting on strength until I'm wrong. Here's a full cheatsheet so you can replicate this when it happens again: https://t.co/ri4YnR6Ghy

The #Altcoin market capitalization valued against $BTC is still acting in the same way as we did in Q4 2019. The bull market isn't over, it has barely started. https://t.co/cZJ9IjtJpj
Looping like-kind assets? Worried about depegs? @NexusMutual soft launched a new product a few weeks back. Leveraged Liquidation Cover Pro-product that is a bit complex, DM me to learn more.
#Bitcoin to $200,000 by January 31st
I’m excited about $CHIPPY We spent a long time building Finally the build is nearly complete 🔥

Actually a great area to be adding $ETH into the portfolio. Dipped its toe into a higher timeframe support zone and bounced firmly. Let's see what happens from here, but should normally be holding up. https://t.co/mB4jUYgHwT

BREAKING 🚨 Paradigm revealed as the top $HYPE holder with 19,141,655 tokens worth $763.18M across 19 addresses! 🚀 https://t.co/kESPBr0jH5
Mert dunking on every Zcash short individually is a level of commitment to the game never before seen .