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:

Indonesia’s Financial Services Authority (OJK) released a whitelist naming 29 licensed digital‑asset platforms, clarifying which exchanges can legally operate in the country. The list includes major players such as South Korea’s Upbit, Robinhood’s newly acquired local entities, and Hong Kong‑based OSL Group’s Koinsayang. The move follows the recent adoption of OJK Regulation No. 23/2025, which imposes stricter licensing, margin‑fund segregation, and a mandatory knowledge test for crypto derivatives. Indonesia now sits in the global top‑10 for crypto adoption, attracting further expansion from global exchanges.

A $27 billion options expiry on Dec 26 will clear $23.6 bn of bitcoin and $3.8 bn of ether contracts on Deribit, representing over half of the exchange’s open interest. The market shows a strong bullish tilt, with a put‑call ratio of 0.38 and...

Bitcoin margin long positions on Bitfinex have surged to about 72,700 BTC, the highest level since February 2024. The rise follows a price slide from a peak above $126,000 to roughly $89,750, marking three consecutive months of decline. Historically, such...

The Curve DAO voted down a proposal to allocate 17.4 million CRV tokens (about $6.2 million) to Swiss Stake AG, the firm that handles core development for the DEX. The vote split 54.46% against versus 45.54% in favor, with major DeFi players Yearn...

The Uniswap DAO is voting on the UNIfication proposal, which would activate protocol fees, burn 100 million UNI tokens from the treasury, and tighten operational ties between Uniswap Labs and the Uniswap Foundation. Early voting indicates overwhelming support, positioning the change...

Hyperliquid disclosed that a wallet flagged for shorting its HYPE token belongs to a former employee dismissed in early 2024. The ex‑employee sold roughly 4,000 HYPE tokens, valued at about $134,000, in a single day in November. Hyperliquid emphasized its...

Charles Hoskinson contends that the TRUMP memecoin, launched three days before President Trump’s inauguration, derailed a projected 70‑vote Senate majority for the CLARITY Act and ignited the 2025 Bitcoin‑only rally. He argues the token turned a bipartisan crypto agenda into...

In this episode, Rand Hindi explains how Fully Homomorphic Encryption (FHE) can become a "confidentiality layer" for blockchain, enabling Total Value Shielded (TVS) transactions that protect privacy without sacrificing transparency. He argues that public stablecoins and existing privacy solutions like...

Hong Kong’s Insurance Authority has unveiled a proposal allowing its 158 licensed insurers to allocate capital to digital assets, including cryptocurrencies. The framework imposes a 100% risk charge on direct crypto holdings, meaning insurers must set aside an equal amount...
🚨 JUST IN: Saylor Unfiltered — The 12 Things He Wanted... BILLIONAIRE Michael Saylor and David Gokhshtein went live on THE BREAKDOWN for a real conversation — not clips, not hype. This is a full breakdown of that discussion: why $BTC can...

Tokenized equities have exploded in 2025, with market capitalization surging from $32 million to $831 million—a 2,496% increase. The boom is driven by relaxed U.S. regulations, prompting both traditional brokers and crypto exchanges to launch tokenized stock products. Robinhood now offers nearly...

Binance has launched ether options for all users, enabling them to write (sell) ETH options and collect premiums as passive income. The move expands the exchange’s derivative toolkit beyond Bitcoin, responding to growing retail and institutional demand for advanced hedging...

A bipartisan group of 18 House members, led by Rep. Mike Carey, has urged the IRS to revise its crypto‑staking tax rules before 2026, arguing that current guidance imposes double taxation on rewards. The lawmakers want staking income taxed only...

Kaspersky has identified a new Windows infostealer called Stealka that disguises itself as video‑game cheats, mods and pirated software. The malware is distributed through legitimate hosting sites such as GitHub, SourceForge and Google Sites, often using AI‑generated fake pages. Stealka...

Venture‑capital firm Inversion Capital’s CEO Santiago Roel Santos warned that fintechs adding prediction‑market features are creating “casino‑like” experiences that boost user liquidation risk and accelerate churn. He cited Robinhood’s 2025 rollout and similar plans by Coinbase and Gemini as examples...
I’ve invented a temporal computer that allows you to go back in time to buy Bitcoin for cheap. While classical computers use bits, temporal computers use timbits. With 6 stable timbits created for $500B per timbit, TCs current can go back...
Liquidity for more stable coins on @BNBCHAIN
U.S. senators approved the CLARITY Act markup, moving the crypto market structure framework forward. The Treasury’s Financial Crimes Enforcement Network is seeking input on a new payment‑account type tailored for crypto firms. Congress also passed the PARITY Act, giving the...
UPDATE 🚨 The U.S. House Reps. have drafted a bill to exempt stablecoin transactions under $200 from capital gains taxes https://t.co/e3kYhyhg4C
worth a read. tl;dr: crypto will eat tradfi infra. and leave no crumb.

In this episode, Vijit Katta, CEO and co‑founder of Tria, explains how the company’s self‑custodial neobank abstracts away blockchain complexity by providing a protocol and consumer layer that eliminates bridges, gas fees, and custodial risk across Bitcoin, EVM chains, Solana...
Real-world USDT settlement on TRON.
The recent DAO alignment proposal has been moved to Snapshot after extensive discussion. We realize the community is very interested in a path forward and is ready to make a decision. Time for tokenholders to weigh in and vote. https://t.co/QwoPeglhmU

Maple Finance CEO Sid Powell declares “DeFi is dead,” meaning the distinction between decentralized finance and traditional finance will vanish as institutions move capital markets on‑chain. He predicts stablecoins will handle $50 trillion in payments by 2026, driving cost savings for...
Gold hits news all time high Bitcoin is trading under $90,000.
If only there was a decentralized VPN, something that Midnight could integrate and be annouced at a close future date....

Klarna announced a partnership with Coinbase to raise short‑term funding in USDC, the leading dollar‑pegged stablecoin. The fintech will use Coinbase’s crypto‑native infrastructure to tap institutional investors seeking stablecoin exposure, adding a new liquidity source alongside deposits, long‑term debt, and...
Here are five counter-intuitive things I have learned about investing over the years: 1. Seek volatility, don't avoid it — most people are taught to find "safe" assets and use diversification to mitigate volatility. The best investors look for asymmetry and...
Standard weekend shenanigans on $BTC. Don't put too much onto these movements, once US opens later today, that's when the real momentum starts to kick in. I think that the markets will trend upwards in the coming week, given that all the...
Is Trump’s World Liberty Financial really DeFi? 🤔 A new market structure bill may force an answer. Timestamps: 0:00 🎬 Intro 3:56 ⚖️ If crypto finally gets rules, what then? 7:44 ❄️ Frozen wallets: the DeFi dealbreaker 13:56 🏛️ Has the White House picked a DeFi...
I remain cautiously bullish on $ARB. From a fundamental perspective, there's a lot of momentum, constant growth. How? TVL constantly grows year after year, where also the DEX volume starts to accelerate and the amount of active accounts and transactions continue to...
Is it over for crypto treasury firms? #crypto #digitalassets #stocks #cryptowendyo
An onchain mortgage replacement? 🤔 In this episode of @bitsandbips, host @Steven_Ehrlich is joined by @mcagney to break down: ⚡️ How Figure is making home loans accessible onchain 🚨 The primary challenge facing tokenization and what it takes to succeed 🤯 How big banks...
Since the Oct. 10 crash, crypto price action has looked shaky, sparking bear market concerns. 🫠 But Johann Kerbrat suggests that rumors of a bear market are greatly exaggerated 👀 #crypto #cryptopodcast #bearmarket
The sentiment is such a phenomenal feature of this market. During the Summer, $ETH was trading around $1,600. It was classified as dead, doesn't exist, you should get rid of it and there's no future. Then, it ran to $4,800. Everybody wished...
Crypto is a mix of a 100 meter sprint and a marathon: Crypto trends *within crypto* shift quickly, almost on a monthly basis. But crypto as a trend, meaning becoming the new financial system of societies, that's a marathon. Watch for the...
Good reflections on Rogaway’s “The Moral Character of Cryptographic Work” by @alinush: https://t.co/t7lm32gnT6
People are building leverage on top of Polymarket. @kaiynne’s reaction: “pure insanity.” @gdog97_ adds a reality check on just how small the market actually is 👇 https://t.co/yjK5OFF0Ni
You all liking my Decentralized Central Banks now? https://t.co/cGs3gyzwVI
Circle bought the Axelar team — not the token. And token holders got nothing. @tayvano_ and @kaiynne go over the uncomfortable truth about token ownership: it provides no obligations, no guarantees, and often no accountability 👇 https://t.co/47rtBtNMqB
We just getting started. Cardano is ready for 2026 https://t.co/hvceGzBXZF
It might make sense to get some in case the Quantum FUD was a VC motivated nothingburger. - Satoshi Nakamoto
Aave DAO is fighting for control of the Aave brand over a revenue allocation spat with Aave Labs. But @LucaNetz believes the DAO may be nothing more than a bottleneck 🚧 Do you agree? 👇 https://t.co/kREgDPJj3P
Decentralized exchange is the most important thing built in crypto after non sovereign money and we need to find a way to protect it .
It seems the only ticker that matters today is $NIGHT
A rational and reasonable take on the Bitcoin Quantum conversation.
As the “super app” thesis gains momentum, Coinbase and Robinhood are beginning to converge. ⚔️ But @JohannKerbrat says there's a key difference. 🗣 https://t.co/KlxShUlkJa
Conviction: The best Privacy solutions will be built on Starknet. Why? Because ZK-tech is Privacy-tech and we are the ZK experts.
Bitcoin has not created much of a CME gap so far 🚨 https://t.co/sGzjAjtjEO
Since the Oct. 10 crash, crypto price action has looked shaky, sparking bear market concerns. 🫠 But @JohannKerbrat suggests that rumors of a bear market are greatly exaggerated 👀 https://t.co/U9b0CIwhyA