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’s 2025 rally has stalled as on‑chain metrics reveal a demand vacuum, with U.S. spot Bitcoin ETFs shifting to net redemptions of roughly 24,000 BTC in Q4. CryptoQuant data shows demand growth slipping below its trend line, while Alphractal reports declining search interest and heightened selling pressure. Analysts now label the environment a "bear season," questioning the relevance of the traditional halving‑driven cycle. Recovery hinges on renewed ETF inflows, restored demand growth, and price stability above key technical levels.
Most likely: instead of a bear market rally, I would argue that we're at the start of the actual bull market after nearly four years of bear market for the entire industry. If the #Crypto industry has been able to do...

Crypto markets nudged higher on Dec. 22 as investors positioned ahead of the Christmas break. Bitcoin rose 2.5% to $90,125 and Ethereum jumped 3.2% to $3,060, lifting the total market cap to $3.13 trillion, up 2% in a day. Altcoins SKY and...

The episode examines JPMorgan's recent launch of Bitcoin trading services, interpreting it as a watershed moment that signals the end of the 2025‑2026 bear market narrative. Host BitBoy highlights how institutional adoption by a major bank validates crypto's legitimacy and...

ETHZilla, a Nasdaq‑listed firm that builds a reserve of ether, sold 24,291 ETH worth $74.5 million, marking its second large liquidation this year. The cash will be used to redeem senior secured convertible notes under a recent agreement, reducing the company’s...
Really hoping AAVE can unify labs and DAO incentives into the token. A house divided cannot stand. Investors want a single asset for all AAVE risk and upside. AAVE is a flagship - the fate of DeFi tokens rests on a successful outcome....

The Chicago Mercantile Exchange (CME) has been overtaken by Binance as the leading venue for bitcoin futures open interest, with Binance now holding roughly 125,000 BTC versus CME's 123,000 BTC. CME's open interest fell from a year‑start peak of 175,000...

Uniswap founder Hayden Adams discussed the UNIfication proposal, now in its final governance vote, which would turn on protocol fees and introduce a programmatic UNI burn. The plan also outlines a shift toward protocol‑first infrastructure, including APIs, aggregator hooks, and...

Magma Devs unveiled its RPC Smart Router on the Google Cloud Marketplace, offering enterprises a multi‑provider routing layer for blockchain RPC calls. The open‑source router automatically selects the fastest, most stable endpoint across networks like Ethereum, Solana, and Polygon, reducing...

Coinbase CEO Brian Armstrong addressed growing community concerns about the Base app’s direction, noting that the platform now intertwines cryptocurrency transactions with social networking features. He emphasized that user feedback is shaping the product roadmap, but internal debates persist over...

Crypto investors can use the recent market slump to harvest tax losses before year‑end. By selling assets below cost basis, realized losses offset capital gains and lower taxable income. Unlike stocks, crypto lacks a wash‑sale rule, allowing immediate repurchase, but...

JPMorgan Chase is assessing whether to provide spot and derivatives cryptocurrency trading services to institutional clients such as hedge funds and pension funds. The bank’s deliberation follows growing demand for regulated, high‑liquidity digital‑asset venues and a clearer U.S. regulatory outlook....
Less than six months after the MOVE controversy, Rushi Manche is raising again. Taylor Monahan: “I just wish that when someone royally screws up and screws over everyone that they wouldn't be able to come back.” ❌ #crypto #cryptopodcast #leverage

Coinbase warns that a provision in President Trump’s One Big Beautiful Bill, effective 2026, will limit the deduction of gambling losses against winnings, raising the tax burden for traditional bettors. The change creates a tax advantage for blockchain‑based prediction markets, which may be...
Quantum Threat: Which cryptography dies and which lives? (Or: Why ZK-STARKs are PQ-secure?) Previously, I explained how a quantum computer works: Think of problem solving as trying to escape a maze. There are many possible paths and you need to check...

Ghana's parliament approved the Virtual Asset Service Providers Bill, legalizing cryptocurrency trading. The law designates the Bank of Ghana as the primary regulator, granting it authority to license and supervise crypto‑asset service providers. Officials say the framework will protect consumers...

Binance allowed a network of 13 high‑risk accounts to process roughly $1.7 billion in crypto transactions, including $144 million after its November 2023 $4.3 billion US plea settlement. Internal data reviewed by the Financial Times show these accounts exhibited extreme red‑flag behavior, such...
Everything becomes a casino when the money is destroyed. We will look back at the decision to pursue QE coming out of the Global Financial Crisis as one of the biggest monetary policy mistakes in history. Look around at zero day options,...

On‑chain research firm CryptoQuant says Bitcoin’s demand boom is fading as the third wave of spot demand rolls over. The rally, driven by U.S. spot Bitcoin ETFs, the presidential election outcome, and corporate treasury purchases, has lost its catalysts, eroding...

A governance dispute over Aave’s brand assets has escalated to a Snapshot vote, pushing the AAVE token down 11% in 24 hours. BGD Labs co‑founder Ernesto Boado argues that the DAO should formally own domains, social handles, and naming rights...
Ethereum is building up for a breakout upwards. Another test of the crucial resistance, which would mean that a breakout, after this amount of tests, is likely to occur. On top of that, the lower timeframe basis is making a clear...
Stablecoins and payments on Polygon are uponly ⬆️⬆️
$XMR A good example of what happens after an accumulation breakout https://t.co/R3qdSzYSLY
Crypto is going mainstream. But for crypto natives, that could mean being left behind, @DougieDeLuca says. 🤯 https://t.co/V3rkcTLMfX
We have the most bullish crypto rule makers in history and you are bearish. Michael Selig & Paul Atkins They are pushing to get crypto rules DONE that supports innovation. https://t.co/ChKoEnwmCo
Justin was one of the first investors in Multicoin I’m proud to have been one of the first investors in TrueMed
there's still work to be done but ethereum and eth will be well positioned for quantum
overall ethereum had a good year the shipping is back, the roadmap is clearer, and the zk bet is starting to compound momentum to build on in 2026 jobs not finished
A really high quality conversation on Circle’s strategy and ambition.
"Buy The F***ing Dip" This is the rallying cry for a new generation of investors, but it has also been a very good investment strategy in recent years. https://t.co/UkZLWVQIA2
There’s one hugely bullish thing about the Bitcoin ETF that people are forgetting. It solves the unit bias problem. A Bitcoin ETF share price can be any arbitrary value. For example, IBIT is $50. Retail feels...
When I say payments you say Polygon
Congrats Toni and @theclearingco team 🎉 With @coinbase’s scale and credibility, this team will help define how the world discovers truth through onchain markets.
Drop the E… $DOG > $DOGE 🧡 🐶
Everyone expected 2025 to be extremely bullish, including myself. Everyone expects 2026 to be a massive bear market year. In this video, I'll explain you why $BTC could have a big bear market year. Watch it here: https://t.co/5yDPzvsyGr
As the crypto industry targets a much broader audience, companies need to adapt their strategies❕️ @DougieDeLuca suggests that the first step is “acknowledging there's a social media world beyond crypto Twitter.” 💥 https://t.co/XhxruNauAq
There's currently a 63% chance XRP ends the year between $1.50 and $2.00 https://t.co/bCJ6fJuV6n

Heard you liked bitcoin, so we made a bitcoin credit card so you can bitcoin while you bitcoin. https://t.co/6kLluIbK6t
Last week: prediction markets launch on Coinbase. This week: we bring in the team that helped make prediction markets what they are today. Just getting started.
The past week had many macroeconomic events, which were important for @MNFund_ to build their strategy and thesis from. In that light; the allocations remainly relatively large in the markets and highly focused on the volatility trading. Why? Read more about it here:

$ZEC Pretty clean triangle here. Breakout or breakdown gives us a measured target to look for so all we have to do now is be patient and wait for the market to tell us which direction it chooses. https://t.co/vDLTcl5cqN
Alt season is actually precious metal season

#Bitcoin Darn, just barely front ran my green support zone and now back to red. https://t.co/IAjyWVuN3w
December 22, 2011 - My Bitcoin birthday.
POLL: 🇺🇸This week features a light economic calendar due to the holiday period. 📊Investors watch for shutdown impacts on data accuracy. 👉 could we get a surprise Santa Rally before the year end?👀 $BTC $ETH $SOL $XRP
More routes, better solvers. Unstoppable liquidity is NEAR.
Bitcoin is back above 90k Holiday season is here Coffee is carrying the week Slack status is running on vibes Let's have a Monday 🚀 https://t.co/ho32m5sJ2x
Strategy has increased its USD Reserve by $748 million and now holds $2.19 billion and ₿671,268. https://t.co/EPtguJfWxR
A few Starknet metrics : 1. Stablecoins on Starknet -- up. https://t.co/SgfO3uWzTI
Turbo Crypto Market Update BTC + ETH + SOL: https://t.co/zqbYltM9P3