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:

A new a16z report finds stablecoins have become a "global macroeconomic force," with transactions totaling about $46 trillion and supply now exceeding 1% of US dollars in circulation as institutions and fintechs increasingly adopt them. The report highlights growing institutional issuance, integration with payment rails, and expanded use cases beyond crypto trading, driving broader dollar liquidity in digital form. That rise accelerates risks and regulatory scrutiny around monetary transmission, financial stability and AML compliance while presenting banks and fintechs opportunities to capture new payment and settlement flows.
“Custodia welcomes the Fed’s acknowledgment of the importance of payment-only banks,” Caitlin Long, founder and chief executive officer of Custodia Bank, said in a statement on Tuesday. “We knew all along that a big but quiet faction at the Fed...

XRP ETFS COMING SOONER THAN YOU THINK?! 10/21/2025 #cryptocurrency #cryptocurrency #xrp #solana #cryptowendyo #hedera #chainlink #ethereum #solana #grayscale #coinbase #aws #amazon #defi

Wall Street banks are quietly rebuilding crypto infrastructure through tokenization and custody, with $8.3 billion of real-world assets now represented on-chain. Major institutions are layering fund administration, cash management and settlement onto blockchain rails—examples include BNY Mellon’s LiquidityDirect—shifting the focus...

Applied DNA Sciences struck a $27 million deal to add Binance’s native token BNB to its treasury while mining firm CEA Industries surpassed 500,000 BNB, underscoring an accelerating trend of public companies diversifying corporate treasuries with Binance token holdings. The...

Coinbase has opened its Coinbase One Card to all U.S. Coinbase One members (a $49.99/year subscription), offering up to 4% back in bitcoin on every purchase, no foreign‑transaction fees, and the ability to pay the card from a linked bank...

CRYPTO MARKETS DUMPING BUT BRALE INTEGRATES RIPPLES XRPL 10/22/2025 #cryptocurrency #xrp #crypto #cryptowendyo #bitcoin #ethereum #solana #cryptocurrency #wendy #xrpcommunity #finance #hbar #chainlink #rlusd

#BTC Looks like $114.5k is resistance for the moment but this current rejection has scope to develop a new Higher Low on the Daily Overall, price continues to maintain the $108-$114.5k portion of its current Range $BTC #Crypto #Bitcoin 🚀Follow @rektcapital for more level-headed insights...

The UK’s Financial Conduct Authority intensified enforcement in October, issuing hundreds of warnings to unregistered crypto exchanges — including Elite Bit Markets, Nexure Gainbit, Plux Crypto and HTX — and filing a lawsuit against HTX for promoting services to UK...
This seems not completely busted. 🤷♂️ System Roles •Router program •Owns all collateral and user portfolios. •Computes margin (IM/MM) and equity for every account. •Executes trades, settlements, and liquidations. •Talks to whitelisted matcher programs via CPI. •Matcher (slab) program •LP-owned program that maintains its own order book (slab_state...

We’re keeping the pressure on in DC to pass comprehensive market structure legislation this year. America votes pro-crypto because more CLARITY helps everybody. One of our latest tactics is handing out ‘clari-tea’ in DC. Clever name, and apparently green tea...

Fetchai has launched collective legal action and accused Ocean Protocol of converting 661 million OCEAN into 286 million FET in July and routing roughly 270 million FET to exchanges and an OTC desk, allegations Ocean calls baseless. The dispute has...

5 Facts That Might Make You View Peter's Memo Differently 1. When Peter says his compensation in his first 6 years was 625k (in ETH), ETH was in single digits for at least a year or so of those 6,...
Bitcoin is better money than gold. The simplest reason: scarcity. Gold’s supply is elastic. As price rises, so does supply. A bet on gold is a bet against human ingenuity. I don’t want to bet against @elonmusk to store wealth. Bitcoin fixes this....

Crypto markets are prone to frequent bull and bear traps because 24/7 trading, thin off‑hour liquidity and heavily used perpetual leverage make small imbalances trigger sharp, short moves. Traders should rely on confirmation—higher‑timeframe closes, clean retests and volume—while reading leverage...

Sometimes i feel like we miss the wonder of DeFi. Some projects just doing it right. @0xfluid investor page reads like a real time, onchain audited, earnings report. Revenue, supply, earnings - verifiable onchain. Team built through the bear. Never abandoned their project. Found...

Stellar’s token XLM fell 5%, sliding from $0.3284 to $0.3119 after breaching a long‑standing $0.32 support level in a high‑volume sell‑off. Trading volume spiked to 53.9 million—about 74% above the 24‑hour average—driven by algorithmic selling and increased European participation, intensifying...

In this episode the hosts dissect the latest sharp decline in Bitcoin and the broader crypto market, linking the sell‑off to recent political developments surrounding former President Trump’s actions. They break down how policy uncertainty and potential regulatory moves are...

Jack Dorsey’s viral X post — “bitcoin is not crypto” — reignited a debate that Bitcoin should be treated as money with fixed, conservative rules rather than part of the broader, fast‑changing token ecosystem. Bitcoin’s fixed 21 million cap, predictable...

I talk about what Bitcoin needs to do to build the path to new highs soon. 🚀Follow @rektcapital for more level-headed insights on Bitcoin

ok bitcoiners, knots or core. i've been seeing the arguments but i still don't get it. who on the knots side is willing to come on the @Bankless and debate @ercwl? Select your filter champion. I want to learn. https://t.co/yCOp77ViZL

Bitcoin rallied to roughly $106,000–$107,000 to close a weekend CME futures gap and erased a recent divergence with gold, but the price move failed to generate strong trader conviction. Volume and market reaction remained muted, leaving positioning largely unchanged going...

guys chill we haven't topped yet @TrustlessState is climbing in November and the peak looks bullish https://t.co/ROHvF0xP8q
Need a substitute host for a Bankless Weekly Rollup in November while @TrustlessState's climbing mountains. Who'd be the best co-host?
Unreclaimed spl-token accounts are a store of value

Yesterday, @cameron and I submitted a comment letter on behalf of @Gemini in support of the Open Banking Rule. This rule is good for crypto and financial innovation in America. Onward! 🇺🇸🚀 https://t.co/07q2mOrN8t
At Aave Labs, we believe that best network effects for liquidity is achieved by unifying liquidity allocation in lending to provide the highest capital efficiency while preserving risk segregation. Hubs concentrate liquidity while Spokes access the concentrated liquidity with capped credit...

Eric Trump says Bitcoin is going to $200,000 this year. That means we will dip below $100,000. https://t.co/6EOvxi2gAN
What's your prediction for $BTC by the end of October?
I'll be on @tbpn today to talk about our State of Crypto report.
It’s the super cycle. Not the end of the 4-year cycle for #Bitcoin.
Bankless leaders are coming. Start making blocks without a full node. Who is shipping this? It would be nice to allow separate keys for turbine broadcast from voting.
🚨Banks literally cackling at the thought of allowing Coinbase to give interest rewards to it's customers😡 WTF is happening today in D.C.!?🔥 @coinbase @kraken @tyler @cameron @Gemini @vladtenev @JohnEDeaton1 @EleanorTerrett @thatgerald @EricTrump https://t.co/VKqbaPMqxA

Ethereum still in the lead on devs. A few observations: Most devs doesn't mean highest value asset - see bitcoin. When you add Polygon, Base, Arbitrum, BNB, Optimism you see how dominant EVM is. Impressive showing by Solana - ecosystem here to stay. https://t.co/5cAJgnhG1D
HBAR NEWS ALERT: Something HUGE Incoming For Hedera? https://t.co/BKCeG1nOro
Top 67% of stake weighted validators should be apps or the job is not done
Big one from @BTC_OS the BitcoinOS cap table just dropped 👀 they’re bringing smart contracts, DeFi, and cross-chain apps to Bitcoin itself using zero-knowledge proofs. no forks, no wrapped assets. the $BOS economy is shaping up fast.
Crypto things you might have missed: -Brale integrates XRPL - @FalconXGlobal to Buy ETF Manager 21shares -NEW Hedera staking rewards -FED on stablecoin yield -Base building private transaction -Trump and China 155% tariffs JOIN THE DAILY 10:30 AM LIVESTREAM ON YOUTUBE AND X
0/ There has been a lot of discussion around on-chain privacy recently Led mostly by @0xMert_ At MCC, we have spent a lot of time thinking about privacy, and have invested quite a bit of cash Some thoughts
Check out my latest video for this week's @BloFin_Official altcoin of the week! Pretty clean looking chart on $TAO just needs to make a push. https://t.co/yev0IipBMX
Protect your capital like your life depends on it. Instead of doing nothing, traders take 100s of small losses and lose major parts of their capital in these conditions. Don't let that be you. Especially in this price environment.
Do you think we’re at the top of the bull run or just getting started?
New edition of the Rekt Capital Newsletter is live I share an Altcoin Market Update Features analysis on the following Altcoins: $CPOOL $AVAX $TAO $SUI $SOL $AERO Sign up to read it here: https://t.co/5IEC2yKYIi #BTC #Crypto #Bitcoin
Altcoins have never been this oversold. Does that mean the bottom is near for alts? h/t @wacy_time1 https://t.co/412uXgLNtq
Spend dollars, get Bitcoin. The Coinbase One Card is fully live in the US! You can apply now to get one. It’s the best looking card with the best rewards, it might make sense to get one in case it catches on. https://t.co/7zCHSzgMr3
Plume’s bringing RWAs to @Top_nod and throwing in rewards while they’re at it 🔥 Spin the wheel, complete quests, and earn a share of 967K $PLUME Live till Nov 1st 👇 If you’re joining in, use my code TRP1_7LHHZ0VH1 when setting up
We are 2 years into this bull cycle. Most of the smart money is already in. You can still make money. But you need to start thinking like a seller, not a buyer. Lock in profit. Live to fight another cycle.

BULLISH 🚨 THIS BITCOIN WHALE HAS STARTED CLOSING HIS $140M BITCOIN SHORT POSITION 👀 https://t.co/qC0XhA4Laq

Spend dollars, earn SOL It’s literally that simple. https://t.co/YCnWg1dJm3
I'm listening to this on @notthreadguy: https://t.co/9XbgDGBI8X It's really interesting to hear about the guts of @Polymarket dispute arbitration. I like threadguy's skeptical questions about that part. Kalshi's process is different. Seems like a weak spot in prediction markets.