Wall Street Secures Monopoly Over Seventy Billion Bitcoin Assets #
Crypto invented a trustless, distributed ledger to systematically bypass the legacy banking cartel. Naturally, the end state of this financial revolution is a single, heavily regulated, publicly traded corporation holding the keys to the entire ecosystem. On Sunday, Marc Baumann, founder of the research firm fiftyonexyz, quantified the total enclosure of the digital asset class. "Coinbase Custody holds 84% of all US spot Bitcoin ETF assets," Baumann posted, highlighting a structural choke point that has locked $74 billion of institutional…