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

BlackRock’s iShares Bitcoin Trust (IBIT) — now roughly a $40 billion vehicle — is driving a shift in crypto markets as options activity eclipses perpetual futures, with realized volatility narrowing and traders treating IBIT like an income-generating bond desk. The fund’s large options book has made Bitcoin volatility an explicit income play for institutional desks, reducing leverage-driven wild swings and boosting structured-product demand. That evolution signals further institutionalization of Bitcoin markets, potentially stabilizing prices while redirecting liquidity toward options markets and yield strategies.
Everyone talks “real world assets” If @integra_layer mirrors Ethereum’s 40x FDV/RWA multiple, it implies a $480B ecosystem potential, a $100B+ opportunity on day 1. With $12B in RWAs, $200M in annualized cashflows, and a consortium of real-estate & tokenization leaders… This might be...

The episode examines whether the recent crypto downturn signals the end of the current cycle, noting Bitcoin’s resilience above $100K contrasted with a sharp decline in altcoins and waning sentiment. Analysts debate if this is a temporary “most hated rally”...

Crypto news outlet Unchained announced it will stream on Solana‑based Pump.fun, defending the move against criticism over the platform’s memecoin focus and past moderation problems. The decision is driven by a shift to live, up‑to‑the‑minute coverage, a strategy of experimentation...
A conversation about how Bitcoin will power the Internet of Money. @davidmarcus of @lightspark joins me to discuss the future of payments, stablecoins & tokenization on Bitcoin, AI micropayments, and why Bitcoin will be bigger than gold. Share your thoughts in the...

California enacted SB 822, a law that bars custodians from forcibly selling unclaimed cryptocurrencies and instead requires them to transfer unclaimed digital assets to the state in-kind. The measure clarifies custody and unclaimed-property rules for tokens, mandates in-kind reporting and...

Federal Reserve Governor Christopher Waller said the Fed will “embrace the disruption” from crypto and proposed exploring a limited or “skinny” version of master accounts to give crypto and payments innovators direct access to Fed payment rails. The pared‑down accounts...

Bitcoin surged back to about $110,000 after bouncing off a weekend CME futures gap, signaling renewed upside momentum in crypto markets even as gold slid roughly 5.5% on the day and formed a potential double-top. The divergence highlights a rotation...

Researchers propose Batched Threshold Encryption (BTE) as a practical cryptographic fix to extractive MEV, offering epochless, constant-size decryption shares (as small as 48 bytes) that enable pending-transaction privacy for layer‑2 rollups. By allowing transactions to be encrypted and decrypted in...
How to make sense of the Maxi World? I’ve been involved in Crypto since 2013. I was the one to point out that ZK solves both the scalability and privacy aspects of Bitcoin. I went on to convince the world of...
Big cloud hosting needs to die? But big banks need protection from DeFi Makes no sense

Impersonators posing as Cointelegraph accounts have surged, using lookalike handles, cloned profile images and direct-message scams to dupe crypto users in 2025. The article outlines common red flags—unverified badges, subtle username changes, phishing links and fake giveaways—and step-by-step verification and...

FIRST RED OCTOBER FOR BITCOIN IN A LONG TIME. BUY OPPORTUNITY... https://t.co/0sfXQTvBep
Crypto Neobank Mania, Market Structure, and Kraken's IPO https://t.co/UgaVWwFxkZ
Ethena Labs, issuer of the synthetic stablecoin USDe, is making its first headcount expansion since launch, planning to hire about 10 new staff largely in engineering and product to support two new business lines and products. The targeted hires signal...

Excited about @AnichessGame with just a few days left before the Ethernals Snapshot that entitle you to 10% of $CHECK https://t.co/8MxpIc09Aw
.@matthuang @danrobinson you guys should fork solana instead

XRP is staging a dramatic comeback as Ripple secures a $1 billion Nasdaq listing and trading liquidity has surged roughly 1,000%, reversing years of stagnation tied to its SEC legal battle. The resurgence follows partial legal clarity and relisting on...
What if the farmer from Ohio is right about 2026? What if 2026 actually turns out to be the "year of good times" for the crypto market? https://t.co/lOHm2IIo55
https://t.co/Qkeno8UAUh
The biggest drop of Gold since 2013 in a single day. #Bitcoin running up fastly. - Break $112K and test the all-time high. - $ETH runs to $5,000+ - #Altcoins are starting their first 5-10x run The bull run.

$TAO (per request) Looks like it's flagging here. If it breaks out then it would likely break key HTF resistance above. https://t.co/qTytuAbtOx
#Bitcoin Digital gold > Physical gold

$USELESS (per request) Getting tight. Had a fakeout of the top previously but if it can clear this red resistance then it should sky rocket https://t.co/70cRyzT5Rs
New consensus protocols implemented and launched in the last 3 years: - Ethereum PoS Merge - Sui - Sei - Aptos Soon: - Monad - Espresso What am I missing?
2 hours into the stream and we've raised over 130 SOL ($25,000) Shoutout everyone who's donated 🧡 Donate here: https://t.co/ei9X2ANZfw https://t.co/23q4UevaLk
Annualized new supply issuance including unlocks: 1. Ethereum - .63% 2. Bitcoin - .85% 3. Gold - 1.5% P.S. Solana currently 16% annualized.
$113,000 for one Bitcoin! Market pumping! 🚀
😡 I got a lot of pushback when I announced that we had started streaming on PumpFun. But the decision to do so was decades in the making ⌛ Here are 8 reasons why 👇 https://t.co/sMuBHpi5nH

Gold just dumped 6% – the biggest one-day dip since 2013 Bitcoin is up 2% today Is this the beginning of the great rotation? https://t.co/W74dktN5W3

My strategy remains the same. I’ll only open a major Ethereum position if we get a true generational opportunity. https://t.co/a3Jj6T8y36
Federal Reserve proposes limited-access master accounts to open payment rails for crypto banks and fintechs

#Bitcoin If it can reclaim $115,000 area then possibility this was just a deviation below 99smma and sets up for a spring back to new ATH. https://t.co/kgjOzQB0rs
💥BREAKING: Over $160M worth of crypto short positions were liquidated in the past hour!
Gold down, Bitcoin up… No one jinx it !!!

BITCOIN JUST RECLAIMED $112,000! 🚀 https://t.co/2XMA4ZxfRP
sbpf-linker is the coolest thing ever
#BTC Never panic at support $BTC #Crypto #Bitcoin

#BTC Bitcoin continues to successfully hold the orange area as support, preserving also the early-stage Higher Low (black) Now trying to sustainably press beyond the 21-week EMA (green) and flip it into support in the short-term $BTC #Crypto #Bitcoin https://t.co/OlgYUIC4xn

GOLD EXTENDS LOSSES. MONEY WILL ROTATE TO #BITCOIN! https://t.co/eegNZPeRw7

$HYPE multiple compression is a risk. Ann. rev is almost back to ATH, but price is much lower. Degens are not willing to pay as much for future uncertain revenues given a more competitive perp dex landscape. https://t.co/J3j76L7sgC
Our team is now ranked #10 on Weex! We can still push all the way to #1. Make sure to sign up and start trading to compete for $1.5M in prizes! https://t.co/Behd7Jn6kS
Imagine if Tether didn’t need to rely on a shitty TradFi bank for its existence. The Fed is quickly moving to destroy commercial banking in the US. This is Trump’s revenge for debanking his family.

BULLISH 🚨 PRESIDENT TRUMP'S CRYPTO CZAR IS SET TO MEET LEGISLATORS TOMORROW TO PUSH CRYPTO MARKET STRUCTURE BILL 👀 https://t.co/By5jbrGtki
That’s a good correction on Gold. That means rotation is happening to #Altcoins & #Bitcoin.
🇺🇸Groundbreaking step by The Fed👀 👉Exploring 'payment accounts' to give crypto & fintech firms direct access to Fed payment rails. $ETH $AVAX $XRP $SOL Ignore the short term noise🔥🔥🚀

BITCOIN IS PUMPING NOW! https://t.co/GoMZixxZHf

#Bitcoin Just bouncing in between this resistance and the support right below. Mentioned in yesterday's video that this was the most likely outcome short term. https://t.co/DnORlLSePV
It's always difficult: should you have self custody over your #Bitcoin or not with all the hacks, exploits and other stuff happening in the space. Now, this is what we discuss in the recent podcast episode of @new_era_finance. Watch it here: https://t.co/jMN19nKghO

All things crypto neobanks today on Unchained LIVE! At 12pm ET: @itamarl and @MikeSilagadze join me on the pod! 📺 Watch the stream on X, YouTube, PumpFun, or Twitch