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:

Florida Governor Ron DeSantis used X to denounce the European Central Bank’s digital Euro, warning it would enable unprecedented surveillance of financial transactions. The ECB has earmarked a digital Euro as its top project for 2026, with a pilot slated for 2027 and a full launch targeted for 2029, including caps on individual holdings. DeSantis’ critique echoes broader U.S. state resistance to retail CBDCs over privacy concerns, while stablecoins remain regulated under federal law. The debate highlights a growing geopolitical split over digital currency governance.

Japan’s bond market turmoil sparked a global risk‑off, sending long‑dated JGB yields soaring and prompting a sell‑off in equities, long‑duration bonds, and crypto. Bitcoin fell below $90,000 and the crypto sector lost roughly $300 billion in market cap, while leveraged positions...

Chainalysis has launched Workflows, a no‑code automation layer inside its Data Solutions platform, allowing users without programming skills to run sophisticated blockchain analyses. The feature converts multi‑hour or multi‑day investigations into rapid, guided processes by leveraging Chainalysis’s extensive on‑chain dataset....

Mike Cagney, co‑founder and executive chairman of Figure Technology Solutions, highlighted the company’s On‑chain Public Equity Network (OPEN) as a concrete blockchain use‑case for equity markets. OPEN lets investors trade stocks directly from crypto wallets, bypassing brokers and traditional exchanges....
Must listen for anyone following crypto market structure legislation. Coinbase seems to have expended a lot of political capital, made enemies in its own industry, and for no clear win-
Will speak on a panel at WEF in person in Davos tmr at 8:30am. Then a CNBC interview at 3pm ish. Local time. If you got nothing better to do, tune in.

Kevin O'Leary is amassing 26,000 acres of shovel‑ready land across North America to lease to bitcoin miners, AI firms, and hyperscale data centers, positioning infrastructure as the primary value driver in crypto and AI. He likens mining to a real‑estate...
Paradex rollback shock We’re examining what happened, why rollbacks still occur, and what users should actually take away when infra breaks under pressure https://t.co/rBDQRtSqza
Cosmos is losing builders @noble_xyz is shutting down its Cosmos appchain and launching a standalone EVM L1 https://t.co/rBDQRtSqza

Maple Finance CEO Sidney Powell argues that tokenized private credit will become the breakout use case for blockchain tokenization, outpacing hype around treasuries and money‑market funds. The private‑credit market is expanding as banks retreat and non‑bank lenders fill the gap,...
Ethereum just hit an all-time high in daily transactions But much of the activity was driven by address poisoning attacks https://t.co/rBDQRtSqza
"The most valuable thing about tokenization is taking intangible things and making them tangible. What's the best example? INFLUENCE" @LucaNetz https://t.co/rBDQRtSqza

Ethereum co‑founder Vitalik Buterin announced he will increase his activity on Lens in 2026, using the multi‑client Firefly to post across decentralized platforms. He highlighted Mask Network's new role as steward of Lens, aiming to shift the ecosystem toward consumer‑friendly...
Shoutout to @Multichain Advisors for backing the show. They’ve helped over 80 clients—including Wormhole and Moonpay—go from launch to $50B+ in value. Learn how they do it: https://t.co/QUSSuj10RC https://t.co/rBDQRtSqza
Trove Markets raised $11.5M, changed chains before TGE, and saw its token crash 95–98% within minutes Discussing now on Uneasy Money https://t.co/rBDQRtSqza

Crypto prediction markets broke a new TVL record, surpassing $550 million, according to DefiLlama data. Polymarket remains the dominant platform with roughly $330 million locked, while OPINION and Predict Fun trail at $155 million and $21.7 million respectively. Off‑chain player Kalshi led trading activity, generating...
Next up on Uneasy Money Today’s topics • A token sale that collapsed 95 percent in minutes • Incentivized posting dies on X • Crypto social builders losing momentum • Why Cosmos apps are leaving • Fake Ethereum activity and real security risk https://t.co/XHssdsUVjs
"In a period like this, you'd expect something like bitcoin to be doing better... Bitcoin has become a risk asset, whether you like it or not" https://t.co/rBDQRtSqza

The paper outlines a roadmap for transitioning X.509 PKI to post‑quantum cryptography, detailing required changes to certificates, CRLs, and OCSP. It evaluates leading PQ algorithm families—lattice, code, hash, multivariate, and isogeny—against NIST security levels, highlighting Kyber, Dilithium, Falcon, and SPHINCS+...
Up next we’re shifting gears to macro Joining us is Steve Sosnick to break down • What’s happening in global markets • What Davos reveals about risk appetite • Where bitcoin and ethereum fit into the macro picture https://t.co/rBDQRtSqza
#Bitcoin Core vs Knots discussions continue tonight with co-host @jimmysong & special guest @reardencode ! LIVE 9pm ET 👇👇👇 https://t.co/4BqakxNhHR
A New York Times report highlighted an early Bitcoin investor who lost access to a $220 million stash after forgetting his wallet password, underscoring the high‑stakes nature of self‑custody. The article explains that only when the encrypted wallet file is available can a...
“For now it’s Solana and Base” — @ASvanevik on chain support for the AI trading agent https://t.co/rBDQRtSYoI
“We want to make sure the agent doesn’t hallucinate” — @ASvanevik on why Nansen is limiting complexity early https://t.co/rBDQRtSYoI

Ethereum’s validator exit queue fell to zero, allowing instant ETH withdrawals while entry queues stay congested. The network processed a record 2,885,524 transactions in a single week, the highest daily total in its history, yet average fees remain near recent...
“We’re creating a new way to trade that’s agentic onchain and integrated in one product” — @ASvanevik https://t.co/rBDQRtSqza
Alex says Nansen's new agent prepares trades, checks venues, and finds pricing Humans still hit execute Is that the right balance? w/ @ASvanevik @nansen_ai https://t.co/rBDQRtSqza

The paper presented at NDSS 2025 reveals a new, sophisticated phishing vector on Ethereum called payload‑based transaction phishing (PTXPHISH). Researchers built the first ground‑truth dataset of 5,000 phishing transactions and identified four main tactics across eleven sub‑categories. Their rule‑based detection...
“You can say: show me what Smart Money bought in the last hour” @ASvanevik Then allocate capital directly from that list https://t.co/rBDQRtSYoI
Bittensor subnet tokens are the most interesting, novel new asset class since Bitcoin. And could be as transformative... Yuma’s subnet token valuation framework below makes the case

WISeKey International unveiled SEALCOIN, a space‑based, quantum‑resistant crypto platform, at Davos 2026. The system uses the WISeSat low‑Earth‑orbit constellation to generate cryptographic signatures directly onboard satellites, extending blockchain transactions beyond terrestrial networks. Its native QAIT token will fuel machine‑to‑machine value exchange,...
We’re going live with Nansen CEO @ASvanevik to break down • What this new AI trading agent actually does • How it changes following smart money • Where agentic trading goes next https://t.co/rBDQRtSqza
Nansen's New Product, Market Turmoil Amid Macro Stress & Trove's ICO + InfoFi's Struggles https://t.co/rBDQRtSYoI

BlackRock’s 2026 Thematic Outlook places cryptocurrency and tokenization alongside AI and energy infrastructure as key market‑driving themes. The firm highlights its iShares Bitcoin Trust (IBIT) as the fastest‑growing ETF ever, now exceeding $70 billion in assets. Tokenization of real‑world assets—especially on...
🎥 Live all afternoon on Unchained On Air Three back-to-back shows. Starting at 1pm ET! 🧠 Nansen's new AI agent with CEO Alex Svanevik 🌍 Macro & crypto from Davos with Steve Sosnick 🔥 Onchain drama and InfoFi's struggles on Uneasy Money Join us 👇 https://t.co/uDX0HNWcnx
Wyoming became the first U.S. state to publicly sell a stablecoin, launching the Frontier (FRNT) token on Jan. 7 and generating $1.5 million in sales within the first week. The token, backed at 102 % by dollars and short‑duration Treasuries and operating across...

Caroline Ellison, former Alameda Research CEO, will be released after serving 440 days of a two‑year federal sentence. She spent most of her term at Danbury, Connecticut, before moving to a reentry facility in New York City. Ellison cooperated with...
Balance, a regulated custodian is now offering Aave-powered Earn program to all their customers. Enjoy Aave, the most trusted lending protocol.
BitMart announced a partnership with UNICEF Luxembourg to support the Passport to Earning (P2E) initiative in Brazil, targeting youth aged 15 to 24. The contribution will fund financial‑literacy modules and digital‑skill training, helping participants manage money and prepare for the...

Dean Khan Dhillon argues that tokenization’s slow institutional uptake isn’t caused by regulation or technology but by a mismatched distribution approach. Crypto projects rely on viral, short‑term hype while traditional investors need repeated, credible exposure to evaluate new assets. The author proposes...

U.S. President Donald Trump announced that he signed the GENIUS Act, a stablecoin‑focused bill, to cement America’s status as the world’s crypto capital and counter China’s ambitions. He highlighted ongoing Senate work on broader market‑structure legislation, promising near‑term signatures. Trump...
Coinbase has a point of view but does not represent the crypto industry on Crypto Market Structure Clarity is coming. https://t.co/1dUmvklvbY
NEW: BTQ is partnering with ITRI to build a new chip architecture for post-quantum security. $BTQ ’s QCIM targets lower-power cryptography, and is now moving into silicon validation with ITRI, the incubator behind $TSMC.

Ondo Finance announced the launch of its tokenized equities platform on Solana, adding more than 200 U.S. stocks and ETFs to the high‑speed blockchain. The rollout expands Ondo Global Markets beyond Ethereum and BNB Chain, making the protocol the largest...

DV Chain announced the launch of an over‑the‑counter (OTC) desk for the Quantum Resistant Ledger (QRL) token, targeting qualified global investors, including those in the United States. The service offers discreet, high‑volume trading with minimum size requirements, though exact thresholds...

VerifiedX, the Bitcoin sidechain provider, launched Butterfly, a Venmo‑style crypto payment app. The service, built on VerifiedX’s layer‑1 blockchain, promises penny‑level transaction fees and an “undo” button to correct mistakes. Butterfly goes live through partnerships with Crypto.com, Moonpay and Blockdaemon,...
The Premium Investor Report #498 warns of heightened market volatility as former President Trump speaks at the World Economic Forum in Davos, potentially stirring a sell‑off in the S&P 500. Technical analysis shows a broken rising wedge on the S&P with...

Argentine crypto exchange Ripio is pivoting toward local fiat‑backed stablecoins and tokenized sovereign bonds as it repositions as a B2B infrastructure provider. The platform now issues peso, real and Mexican‑peso stablecoins on Ethereum, Base and World Chain, and has tokenized Argentina’s...

Bank of Italy Governor Fabio Panetta said commercial‑bank money will eventually be fully digital, joining central‑bank money as the core of the monetary system. He positioned stablecoins as a complementary, peg‑dependent tool rather than a primary anchor. Panetta also highlighted...

At the World Economic Forum in Davos, French central bank governor François Villeroy de Galhau argued that trust in money must come from independent public institutions, not private crypto issuers. Coinbase CEO Brian Armstrong rebutted, claiming Bitcoin’s decentralized protocol offers greater independence...