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:

Satoshi’s $100-billion Bitcoin hoard remains untouched. In case it enters the market, it might have unexpected outcomes.

The crypto market plunge on Friday was partly due to crypto traders reaching an “all-time impatience” with the market,” says crypto trader Alex Becker.

The episode examines whether Bitcoin and altcoins can rebound this October or if the crypto bull market will stretch into 2026, breaking down current price trends and market sentiment. It highlights the impact of high‑profile events such as the "inverse...

The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.

“Number go up” is not a retirement strategy. Long-term planning needs explicit assumptions, clear knobs to turn, and a way to translate a BTC balance into annual spending power. CryptoSlate’s Bitcoin retirement calculator does exactly that, marrying a transparent price...

Coinbase is planning to launch an Amex card whose design and rewards program are aimed squarely at bitcoiners — or those who want to become one.

The provision in the National Defense Authorization Act could create even more economic pain for the crypto mining industry if passed.

After yesterday's multibillion dollar leveraged crypto wipeout, traders are licking their wounds — but those who cannot remember the past are condemned to repeat it.

ZEC recovered all its value lost during Friday's market meltdown and also hit a recent high of $291 before dipping to the $270 level.

The session’s $1.14 range — from $2.77 down to $1.64 — was one of the widest in XRP’s 2025 trading history, driven by macro-led deleveraging and heavy futures liquidations across major venues.

The largest decentralized lending protocol processed $180 million collateral liquidation within an hour on Friday, proving its resilience, founder Stani Kulechov said.

For agents to be truly autonomous they need to have access to resources and self-custody their assets: programmable, permissionless, and composable blockchains are the ideal substrate for agents to do so, Olas’ David Minarsch argues.

Hargreaves Lansdown says bitcoin lacks intrinsic value and shouldn’t be part of portfolios, even as it prepares to launch crypto ETN trading for clients early next year.

AI wearables will harvest our most intimate data while we pretend privacy still exists. Cryptography could enable us to keep our privacy.

Major policy changes worldwide are shaping how the crypto industry will operate.

Crypto.com CEO Kris Marszalek has urged regulators to probe exchanges after $20 billion in liquidations, far outpacing any previous market crash, including FTX.

BTC’s price decline is relatively less severe than what occurred before significant reversals in the past, suggesting that Bitcoin may continue its uptrend.

There may be no crying in the casino. But on days like these, you’d be forgiven for shedding a tear. With $9.4 billion liquidated in a single day in the crypto market, the flash crash comes just in time to...

These gold-backed tokens have been a refuge for crypto investors, with year-to-date gains of over 50%, mirroring gold's historic rally.

Tether’s accumulation of United States Treasuries puts the stablecoin issuer on a path to enter the top five foreign holders by 2033 under a realistic acceleration case, based on current balances, stated purchase activity, and the moving threshold set by...

The multi-step bottoming process could be slow due to several reasons, including liquidity constraints over the weekend and slow absorption of supply.

The episode covers a market plunge as Bitcoin and equities tumble following President Trump's announcement of full tariffs on China, with Jim Cramer reiterating a bearish stance. It highlights Morgan Stanley’s new policy allowing more wealth clients to access crypto...

The SAFE token is down 23% amid a widespread crypto selloff.

Bitcoin traded at $117,729.81 as of press time, struggling to extend gains from its $126,000 all-time high as short-term positioning dynamics and risk-off flows dominated the medium-term debasement thesis. The debasement trade thesis gained popularity after JPMorgan published a report...

largest notional liquidation in crypto markets i feel ALIVE and yes i will be LEVERED TO THE TITS as soon as i recover emotionally live or die trying 🫡 trenches 4ever (@CrucibleCap marked SAFU, @kellyjgreer and i don't do more than...

In this episode, Pierre Rochard and Alexandre Laizet, Capital B’s board director of Bitcoin strategy, dissect the emerging reflexive demand shock where corporate Bitcoin treasuries drive price gains, which in turn spur further institutional adoption and credit‑market development. Laizet argues that a...

The new stablecoin from the STBL protocol fell below its $1 peg shortly after going live, highlighting challenges for liquidity.

In this episode, Aryan Sheikhalian, Research Lead at CMT Digital, explains how crypto is shifting from a speculative asset to essential infrastructure, emphasizing tokenized equities, identity layers, and zero‑knowledge proofs that enable mainstream banking and fintech integration. He highlights the...

Liquid staking token (LST) providers, which already hold over $104.5 billion in assets, should be a perfect tool for digital asset treasury (DAT) companies looking for ways to generate maximum income from their balance sheets. However, an outdated accounting rule...

The NFT fantasy sports platform is switching from L2 StarkEx to Solana, promising faster, cheaper, and more open ways to trade player cards.

The creators of Cryptopunks and Autoglyphs just wrapped up Art Blocks’ curated series with a new release, Quine.

In this episode, NLW and Scott Melker recap the week’s top five crypto stories, focusing on developments that could shape Bitcoin’s future, including regulatory shifts, market dynamics, and emerging infrastructure projects. They highlight a potentially transformative setup for Bitcoin that...

The episode explains JPMorgan’s concept of the “Debasement Trade,” where Bitcoin is seen as a hedge against weakening fiat currencies amid rising gold prices, a softening dollar, and mounting global debt. It links Wall Street’s growing Bitcoin interest to Japan’s...

Crypto markets hold out around $4.2 trillion as traders increasingly bet the U.S. government shutdown could last into next month.

BNB-based memecoins experienced a sharp plunge in value, with some dropping between 60% and 95% over a few hours, after Binance founder Changpeng “CZ” Zhao clarified that his tweets should not be interpreted as endorsements or trading signals. Zhao’s clarification...

Bipartisan negotiations on the broader crypto market structure bill, the CLARITY Act, appear to have stalled after Senate Banking Committee Democrats sent a proposal to Republicans on Thursday, according to a report from Punchbowl News. The Senate Democrats’ new DeFi...

In this episode, host Tony Edward and Santiment analyst Brian dive into on‑chain metrics for Bitcoin, Ethereum, XRP, BNB and Solana, covering whale activity, ETF inflows and MVRV ratios. They highlight Bitcoin’s renewed whale accumulation and strong ETF inflows as...

Matt and Nic dissect a week of crypto and finance headlines, debating whether stablecoins could trigger a bank deposit exodus and if FDIC insurance is becoming obsolete, while also probing the privacy prospects of CBDCs. They highlight notable developments such...

The episode highlights Wall Street’s growing appetite for crypto, noting State Street’s report that institutional investors may double their digital‑asset exposure in three years and outlining a broader Wall Street strategy to increase crypto allocations. It covers major corporate moves,...

The growth is being driven by rising liquidity on DeFi protocols like Suilend and Momentum.

After a highly successful launch, the XPL token has fallen almost 50% from its opening week high.

BNB Smart Chain activity surges as token swaps dominate network usage.

Traders can now access equity, commodity, and FX futures alongside crypto contracts.

Crypto markets edged lower on Thursday as investors seemed to take a wait-and-see approach on macro updates.

The creator-focused platform rallied sharply after a surprise listing on one of the top retail trading brokerage apps.

The Ethereum Foundation has launched a new initiative called the “Privacy Cluster” to enhance privacy in the Ethereum ecosystem. It brings together 47 researchers and engineers, led by Blockscout founder Igor Barinov, and aims to coordinate and advance privacy-focused projects...

ICE, the parent of the NYSE, poured $2 billion into prediction‑market platform Polymarket, valuing it at $9 billion and signaling a major push toward crypto‑native financial infrastructure and deeper institutional adoption. NLW explains how this deal differs from ICE’s earlier crypto experiments,...

Polymarket founder Shayne Coplan has ignited a wave of speculation around a potential native POLY token for the popular blockchain-based prediction platform. In a cryptic X post, Coplan listed POLY alongside major crypto assets like BTC, ETH, BNB, and SOL,...

In this episode, Fold co‑founder and CEO Will Reeves explains why big‑tech wallets haven’t shifted spending economics and how Fold is redefining the model with Bitcoin‑first products, including reward cards that give Bitcoin without a purchase “buy‑in.” He details the...

The episode covers major crypto developments, including Fireblocks' new institutional custody partnerships with Galaxy and Bakkt, Square's rollout of Bitcoin payment options for merchants, and North Dakota's plan to launch a state-backed stablecoin with Fiserv. It also touches on Bitcoin...