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 has held above $110,000 driven by sustained US buying that has produced a noticeable Coinbase-US premium, but market structure signals rising risk: long-dormant coins are re-entering circulation and derivatives activity—open interest and leverage—has surged. Those flows have kept prices elevated in the short term, yet the combination of renewed coin movement and heavy options/futures positioning suggests increased volatility and potential for sharp reversals. For traders and institutions, the current dynamic raises both opportunity for outsized gains and heightened margin/liquidity risks that could amplify price swings.
Celsius won a $300 million settlement from Tether in bankruptcy court, closing a key dispute over liquidated bitcoin collateral. https://lnkd.in/eGCxx8c7

Base is generating something like $180m a year run rate in revenue as an L2 on Ethereum. They are Ethereum aligned - they contribute to the ecosystem and EVM - that's great. They're also ETH aligned. Coinbase owns $340m worth of ETH...

Two brothers, Anton and James Peraire-Bueno, appeared in U.S. court this week over allegations they used a miner-extractable-value (MEV) bot to exploit the Ethereum blockchain and siphon roughly $25 million. The case centers on whether their trading strategy constituted criminal...
Liquidations + No liquidity = Runaway liquidations On Bits + Bips, Carlos Guzman breaks down the chain reaction that turned a dip into crypto's 'perfect storm.'
SBF Says DOJ Arrested Him to Prevent His Testimony on Crypto Bill https://lnkd.in/eG38SGjm

Bitcoin’s upside through October is contingent on shifting Federal Reserve rate-cut expectations, fresh BTC ETF inflows and whether the Nasdaq and large-cap tech stocks continue to rally. Traders are watching Fed pricing and ETF flows as the main drivers of...

sooo apparently @PayPal just printed 300T of $PYUSD so many questions, like stablecoins are supposed to be backed, meaning to do that they would have to have $300 trillion in reserves somewhere... but that’s 10x the entire U.S. GDP likely fat finger but...
How to prepare for crypto volatility #crypto #cryptomarket #stocks #cryptowendyo

Voltage executive Bobby Shell argues that corporate Bitcoin treasuries should shift from passive holdings to active use on the Lightning Network, deploying idle BTC into liquidity channels to earn native, noncustodial yield via routing fees and transaction-volume rewards. The move...
My book, Bitcoin is for Everyone, will be shipping soon. Make sure to pre-order your copy. Bitcoin is for Everyone is an approachable introduction to Bitcoin and what's broken in our financial system. It's apolitical, uplifting, and has helpful accompanying...

The real bull on #Altcoins happens when there's a more risk-on appetite. As long as Gold continues to rally, then, the money rotation towards riskier assets won't happen. It's up 155% in less than 3 years. Absolutely insane if you're holding Gold. Absolutely...

Thiel-backed challenger bank Erebor won U.S. regulatory approval to operate, marking one of the most significant new bank charters tied to digital assets since the 2023 regional banking crisis. The approval positions Erebor to compete with Silicon Valley Bank-style lenders...

$SUI broke down from the ascending triangle in the flash crash That old support trendline is now acting as resistance If it reclaims that line and gets back inside the ascending triangle → bullish setup resumes. If it gets rejected again, that...
I feel like I'm the only person that's been realistic about altcoins for 2025. A few outliers here and there but overall most altcoins have been for the whole year and continue to be in bearish trends.

In this episode the hosts analyze Jerome Powell’s recent comments suggesting an end to the Federal Reserve’s quantitative tightening, arguing it could trigger a massive rally in Bitcoin, Ethereum and leading altcoins such as Chainlink, Solana and XRP. They break...

People may not be aware that you can pay gas fees on @base with any ERC20 token (including USDC). Link below for more info. Try it out! https://t.co/CV2mnqZH2E

Crypto market reset complete. Overleveraged positions wiped out. Hate to say it, but this is the perfect springboard to send us higher. 🚀 https://t.co/MAb4E3G8Cj

Dogecoin holders have been accumulating after a 66% flash crash on Oct. 10 that wiped out $365 million in long positions, and onchain metrics suggest the market has not reached euphoric top conditions. Short-term holder accumulation, rising share of coins...

ELON MUSK AND JACK DORSEY ARE OPENLY TALKING ABOUT BITCOIN TWO OF THE WORLDS RICHEST MEN WHAT A TIME TO BE ALIVE 🚀 https://t.co/YBxxFoCvrg
Aave’s Horizon market enables RWA holders to access 24/7 onchain liquidity, while stablecoin lenders can earn yield by lending against tokenized assets. We’re proud to announce that Horizon has surpassed a quarter billion in net deposits.

Omnichain versions of Tether’s USDT and tokenized gold XAUT — labelled USDT0 and XAUt0 — have launched on Solana via the Legacy Mesh protocol, enabling native transfers of dollar and gold tokens across multiple blockchains. The move aims to aggregate...

Did Paypal just mint $300 Trillion worth of stablecoins on Ethereum? That's gotta be an intern error https://t.co/ZJ8Zxg5Ics

🔥Rebound INCOMING??👀📈 w/@TimWarrenTrades WATCH NOW👉https://t.co/N5je4WquPg $BTC $ETH $SOL $SUI $BNB https://t.co/kw7SyqTUfS
💥BREAKING: 🇺🇸 Eric Trump announces plans to tokenize real estate through World Liberty Financial!

Fastest 300 trilly mint and burn. not a hack on PyUSD as pyUSD fully backed 1:1, enjoy your evenings. https://t.co/gmDpqAiUsX
BNB on @coinbase. What do you think @cz_binance ?
Permissionless chains optimized for execution are necessary for transparent fair global markets. This is the hill I am willing to die on.

Bitcoin’s history doesn’t exactly repeat, but it certainly rhymes... https://t.co/46QBKlmyeE
This one chain is 70% of ethereum and all the L2s combined. 🦾🦾🦾
Building on Bitcoin...happening RN. https://t.co/PKCBFocIYM @unchained
All goes back to Leo Melamed quote it 2017 "We will regulate, make Bitcoin not wild, nor wilder. We'll tame it into a regular type instrument of trade with rules…”
Live with Crypto Crow https://t.co/v8MATEH0cl

$BBD Gotta bounce here if it's going to so still a nice R:R for upside. https://t.co/UWz6WqGlyz
pull stablecoin transactions. very cool
Whoa garbled circuit ran in production on bitcoin

Bitcoin to follow this Gold fractal 👇 https://t.co/65UYQt7Sla
ALL I WANT IS A STRAIGHT LINE BACK TO $300 FOR $SOL
The technical underpinnings of @arc's consensus engine which provides deterministic settlement finality, scale and speed. A deep dive. https://t.co/J3Lj6kSIyV
There’s an idea that is widespread among software engineers that goes: “Sure BLAKE3 is faster in software, but CPU makers put dedicated hardware for SHA256 into their CPUs so SHA256 is faster than, or at least as fast as, BLAKE3...

FED GOV WALLER: several large incumbents have collected significant rents in payments, incl banks & certain networks (hint hint). Waller just embraced #stablecoins as a way to bring competition to the large rent-seekers 👏 https://t.co/geps4SEpVU

Sfdp stake is 10% of the total stake. https://t.co/xVmJteF0ci

REMINDER: Binance founder CZ said "maybe we haven't hit the real bull market yet." https://t.co/q7qPKpWmCd

I was just wondering if Coinbase was ever going to add $BNB but wasn't sure if it was a conflict of interest or something. They could've added it when BNB was $3 though I would've enjoyed that. Now retail is probably...
Real GDP onchain

According to the 4-year cycle, Bitcoin is likely to reach its cycle top soon. https://t.co/KLEs2I9zDm

Nothing changed on the #Altcoin bull market. The trend remains to be up, and every dip is one to be bought. I assume we'll continue to do that and break through the ATHs during this quarter. https://t.co/K6bdU7nSGs
Had a fun and in-depth conversation with @Manisha3005 of @CNBCTV18Live earlier today about @CoinDCX's new fundraising from @Coinbase, current crypto adoption in India, our plans for future growth, where I see India 10 years from now, and more. Do give it...
We’re improving the experience for asset issuers to interface with Coinbase 👇
Tydro, the native lending protocol on Kraken’s Ink Chain, is now live, delivering a seamless, whitelabel lending experience powered by @aave.