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:

Binance has quietly added three new API endpoints that enable a TradFi‑Perps agreement and trading‑session queries, indicating a forthcoming launch of stock perpetual futures. The move revives the exchange’s 2021 tokenized‑stock experiment, which was halted after regulator scrutiny. By structuring trading into scheduled sessions, Binance appears to align with traditional finance practices rather than crypto’s 24/7 model. The development comes as other players, including Coinbase and Nasdaq, accelerate their tokenized‑equity initiatives.
The #Altcoin market capitalization appears to be forming a bottoming pattern in this area. Why? It consolidates in a higher-timeframe support area, indicating we're seeing buy pressure and going sideways. Also, on top of that, the first breakout upwards in nearly 3...

The Russell 2000 index posted an all‑time high, while Bitcoin lagged 27% below its October peak. The Federal Reserve began a $8.2 billion Treasury‑bill purchase program, part of a $40 billion liquidity effort. Market participants price in roughly 50 basis points of...

The United Arab Emirates is pursuing a two‑track digital‑asset strategy: Abu Dhabi is positioning itself as a Bitcoin‑centric institutional hub, offering regulated custody, OTC liquidity and mining infrastructure, while Dubai is building a broader crypto economy that includes payments, stablecoins,...

South Korean police asked Binance to freeze roughly 470 million won (about $370,000) in Solana tokens tied to the Upbit hack, but the exchange only blocked $55,000—about 17% of the amount—after a 15‑hour delay. The Upbit breach resulted in unauthorized withdrawals...

Coinbase is slated to showcase new products in a Wednesday livestream, potentially unveiling its first prediction‑market platform and a tokenized‑equities offering. The exchange recently joined the Coalition for Prediction Markets, a group led by Kalshi and other U.S. operators, signaling...

#Bitcoin is doing the choppy dance. Illiquid books, and therefore fast moves up and down for the position on $BTC. Nonetheless, I think that we're still in for a new upwards breakout in the coming days/weeks. Higher lows indicate a higher...

Acting CFTC Chairman Caroline Pham announced the withdrawal of the agency’s 2020 “actual delivery” guidance for crypto transactions, citing outdated and overly complex rules. The scrapped guidance had required physical delivery of digital assets within 28 days, limiting exchanges’ ability...

YouTube has launched a payout option that lets U.S. creators receive earnings in PayPal’s PYUSD stablecoin. The feature, confirmed by PayPal’s crypto head, is live but limited to creators based in the United States. YouTube’s integration does not require the...
How did the left go from pro-tech communists to anti-tech primitivists? Three theses. (1) Tech redecentralized. Communism replaces G-o-d with G-o-v, putting the centralized state above all. And 20th century tech was centralized, while 21st century tech is centralized. Think mass...
This week I also got to talk with @balajis. @NathanOnCrypto wanted to know: What was my biggest takeaway from the conversation we had? My answer: Privacy. Starknet will play an important role in bringing more of it to the world....

Solana’s lending sector saw total value locked climb to $3.6 billion in December 2025, a 33 % increase from the previous year. The network’s 400‑millisecond finality, $0.001 median transaction fee, and 100 % uptime underpin this growth, while daily DEX volume peaked at $35.9 billion....
Doing a podcast here. ☺️ https://t.co/Ul48vTRcyz
Take the frankendancer network stack and replace the runtime with the mithril and syndica runtimes and we get a 3rd and 4th client for “free”. Alpenglow only needs 3 clients since it can survive up to 40% down. ...

DeFi protocols Ethena and Based launched HyENA, a Hyperliquid HIP‑3 frontend, on Dec 9. In its first 48 hours the platform processed over $50 million in trades, becoming the second‑largest permissionless perpetual market on Hyperliquid after TradeXYZ. HyENA leverages Ethena’s USDe synthetic dollar...
KRW1 on #BNB
Future of on chain prediction markets
The Crypto Coin Minute highlighted three major developments: a Zodia study shows stablecoins underpinning Australia’s financial infrastructure, a US federal court sentenced Terraform Labs founder Do Kwon to 15 years for fraud, and Senate Democrats are urging a halt to stablecoin...
Building for a world where billions of agents are coordinating and executing work and economic activity onchain.
Crypto language: Scale, decentralization, account abstraction, trustlessness, permissionless Web2 language: Fast, cheap, secure, unlimited, free, easy, independent There's a big gap between the simplicity and intuitive value of Web2 and the complex technical jargon of crypto. The rare exception: Privacy. Privacy is privacy in crypto...

The U.S. Commodity Futures Trading Commission issued no‑action letters to Polymarket, PredictIt, Gemini and LedgerX, allowing them to sidestep certain swap‑related record‑keeping and data‑reporting rules. In exchange, the platforms must keep contracts fully collateralized, clear trades only through designated channels,...
Sentient is steadily becoming a leading contributor to open-source work on AI reasoning. After ROMA, the team is now releasing SERA-Crypto—continuing a focus on building reasoning systems for AGI in the open.
I've advocated digital silver for a long time as the most salient $ETH asset framework because silver's industrial utility makes up a majority of its commodity mcap & flows while gold's is reverse: majority jewelry+bullion SoV. And best of all,...

Belarus expanded its telecom‑level platform blocking in December, adding domains to the BelGIE list and restricting crypto activity to High‑Tech Park operators, while the EU banned Belarusians from EU‑based wallets. The move mirrors a broader EMEA‑APAC playbook that uses DNS/IP...
If we hosted an XRP DeFi summit at the University of Edinburgh, who are the top 15 projects to invite from the XRP community?
$BCH Still looks solid https://t.co/syq8qQxPDf

The Financial Stability Oversight Council’s 2025 annual report removed digital assets from its list of systemic vulnerabilities, marking a clear policy shift under the Trump administration. The prior 2024 report had highlighted stablecoin and crypto‑ETF risks and urged Congress to...
More XRP ecosystems is a good thing. Letting XRP operate in more environments builds utility, and the XRPL remains the anchor that makes it all work.
One of the coolest parts of bitcoin is that millions of people work daily in a decentralized, uncoordinated fashion to help bitcoin succeed. Writing code. Running nodes. Mining. Marketing. Holding. Millions of people working together without knowing each other.

Netflix announced a new comedy feature titled “One Attempt Remaining,” starring Jennifer Garner, about a divorced couple racing against a 48‑hour deadline to retrieve a forgotten password and access $35 million in cryptocurrency. The plot mirrors real‑world crypto lockout stories, such...
15 years in prison for Do Kwon 😮 What do you all think about that sentence? Too much? Too little?
Nearly a decade ago I used to repeat the phrase "tokenize the world" because it was obvious that every asset was going to be digitized. First, bitcoin. Second, dollars, Now, securities & bonds. I wasn't perfect, but my thesis held up well...

Sei Labs has struck a distribution agreement with Xiaomi to pre‑install its crypto wallet and discovery app on every Xiaomi smartphone sold outside mainland China and the United States. The app will integrate Google or Xiaomi ID sign‑in, a multiparty...
Under the hood of this super fun demonstration is a DePIN program that’s collecting petabytes of robot real world training data. If everything that I have worked on for the last 8 years on @solana ends makes general...

One of the most important charts. The RSI level has hit <20 in recent crash. The MACD on #Bitcoin has hit the widest spread ever, indicating that this recent crash was the most volatile crash for that particular indicator on multiple...

Chainlink’s LINK token slipped nearly 5% to $13.74 despite Coinbase’s announcement that it will use Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) to power a $7 billion bridge for wrapped assets. The price decline reflected broader altcoin weakness and Fed‑rate concerns, pulling LINK...
The crypto protocols that could get as big as Apple: bitcoin, solana, seeker
RWAs and real yield + @kamino loop is gonna melt faces

JellyJelly, a Solana‑based “internet capital markets” memecoin launched by Venmo co‑founder Iqram Magdon‑Ismail, jumped 120% in the past 24 hours after being released on the Apple App Store. The surge lifted the token’s price to $0.085 and its market capitalization to...
A DTCC subsidiary received SEC approval to offer a blockchain-based tokenization service for stocks, ETFs, and bonds, set to launch in 2025. It will allow shares to trade 24/7 and settle instantly, and will operate for three years across multiple chains. Source:...
Shielded Labs's Crosslink protocol is far enough along that we can start inviting independent experts to scrutinize it, starting with @nikete: https://t.co/WlSSnqbn8O We've "pre-registered" the exact design to be reviewed so that everyone can verify the resulting analysis.
NEW: Ripple officially closes $200M acquisition of global stablecoin payments platform 'Rail'
POV: Buying the dip, but the dip keeps dipping https://t.co/BoClW2rznm
December 11th shall be known as Iagon Day hereforth
@CryptoMichNL This will not go without strong pullbacks to catch careless perp trades off-guard
Really it’s Vitalik’s fault for the approve mechanism in ERC-20
Introducing Aave V4's new liquidation engine.

Send #BTC dominance back above 60% https://t.co/IrIudcreSV

I think #ALT / #BTC pairs will continue to head down into the end of the year. Remember, last cycle, ALT / BTC pairs capitulated and found a low about 1 month after QT ended. https://t.co/BFOgNB1LsL
$RKLB 50% in less than 2 weeks. Crazy. https://t.co/3MqSyvumWx