Crypto Currency

Bitcoin Defi Gets Another Institutional Boost Through Anchorage Digital Custody

Tech Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin DeFi Gets Another Institutional Boost Through Anchorage Digital Custody Anchorage Digital is opening institutional pathways into Bitcoin-native DeFi, providing a regulated gateway to BOB’s hybrid Bitcoin–Ethereum ecosystem. By Jamie Crawley, AI Boost| Edited by Stephen Alpher Updated Nov 10, 2025

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Bitcoin DeFi Gets Another Institutional Boost Through Anchorage Digital Custody

Anchorage Digital is opening institutional pathways into Bitcoin-native DeFi, providing a regulated gateway to BOB’s hybrid Bitcoin–Ethereum ecosystem.

By Jamie Crawley, AI Boost|Edited by Stephen Alpher
Updated Nov 10, 2025, 8:26 a.m. Published Nov 7, 2025, 3:04 p.m.
Nathan McCauley, co-founder and CEO of Anchorage Digital at Consensus 2src25.

Nathan McCauley, co-founder and CEO of Anchorage Digital at Consensus 2025. (CoinDesk)

What to know:

  • Anchorage Digital is opening institutional pathways into Bitcoin-native DeFi, providing a regulated gateway to BOB’s hybrid Bitcoin–Ethereum ecosystem.
  • The custody service provided by a U.S. federally-chartered bank could provide a boost for institutional participants seeking yield opportunities in BOB’s $250 million DeFi platform
  • This development marks a step in making bitcoin yield opportunities accessible to institutions seeking secure and compliant infrastructure.

Cryptocurrency bank Anchorage Digital is opening institutional pathways into Bitcoin-native decentralized finance (DeFi), providing a regulated gateway to BOB’s Bitcoin–Ethereum ecosystem.

The custody service provided by a U.S. federally-chartered bank could provide a boost for institutional participants seeking yield opportunities in BOB’s $250 million total value locked (TVL) DeFi platform, according to an emailed announcement shared with CoinDesk on Friday.

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Anchorage also holds a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS) and provides a self-custody wallet called Porto.

BOB (“Build on Bitcoin”) describes itself as a hybrid layer-2 network combining the security of Bitcoin and the DeFi capabilities of Ethereum, whereby users can use their BTC holdings to access yield opportunities in the broader blockchain ecosystem with Ethereum as the entry point.

Anchorage providing custody services for BOB marks a step in making bitcoin yield opportunities accessible to institutions seeking secure and compliant infrastructure. The total value locked in true Bitcoin DeFi has surged from $200 million to over $8 billion in the past 18 months, according to DeFiLlama.

However, that still represents just 0.3% of bitcoin’s market capitalization. The expansion of regulated access points could catalyze greater growth as institutions look beyond passive BTC exposure to participate in yield-bearing DeFi activity.

“As smart contract capabilities mature, they unlock new applications that combine Bitcoin’s security with fresh utility, and open the door for institutions and holders to participate in meaningful ways,” Nathan McCauley, CEO of Anchorage Digital, said in Friday’s announcement.

Read More: Bitcoin-Holding Institutions Seeking Yield, DeFi Capabilities

Anchorage DigitalBitcoinDeFiCustodyExclusive
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

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Sunrise Debut Streamlines Solana Token Imports as Monad Goes Live

The sun rises from behind some mountains.

The platform introduces a unified gateway that allows issuers and users to move tokens from any ecosystem into Solana.

What to know:

  • Sunrise, a new product from Wormhole Labs, started up on Sunday with the aim of becoming the primary access point for new digital assets onto the Solana blockchain.
  • The platform introduced a unified gateway that allows issuers and users to move tokens from any ecosystem onto Solana.
  • The debut coincides with the arrival of Monad and its token going live on mainnet on Monday.
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Crypto Currency

A China tariff threat from the US, just wiped Billions off Wall Street and Crypto Markets

Overnight, the US stock market took a massive hit, dragging down the cryptocurrency world with it. This wasn’t a slow correction or a minor wobble; we saw a sharp, significant plunge. The tech sector, which had been flying high on the wings of AI optimism, was some of the most impacted by the events overnight…

Overnight, the US stock market took a massive hit, dragging down the cryptocurrency world with it. This wasn’t a slow correction or a minor wobble; we saw a sharp, significant plunge. The tech sector, which had been flying high on the wings of AI optimism, was some of the most impacted by the events overnight…
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Pessimism spreads across markets as crypto rout frays nerves

Bitcoin’s slide below $90,000 has triggered a sell-off in the stock markets, with investors turning to the safety of government bonds

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Bitcoin Backwardation Returns, a Pattern That Often Marks Market Bottoms

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin Backwardation Returns, a Pattern That Often Marks Market Bottoms Futures prices for BTC are trading below spot prices, signaling “extreme fear,” which can sometimes be read as a contrarian buy signal. By James Van Straten| Edited by Stephen Alpher Updated

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Bitcoin Backwardation Returns, a Pattern That Often Marks Market Bottoms

Futures prices for BTC are trading below spot prices, signaling “extreme fear,” which can sometimes be read as a contrarian buy signal.

By James Van Straten|Edited by Stephen Alpher
Updated Nov 19, 2025, 1:26 p.m. Published Nov 18, 2025, 6:15 p.m.
Futures Annualized Rolling Basis (3M) (Glassnode)

Futures Annualized Rolling Basis (3M) (Glassnode)

What to know:

  • Bitcoin’s move into backwardation alongside a drop in the three month annualized basis to about 4% shows clear derivatives market stress.
  • Previous backwardation episodes in November 2022, March 2023 and August 2023 aligned closely with major or local market bottoms, reinforcing the pattern that these structures often appear at points of capitulation.

Bitcoin has slipped into backwardation, a structure that occurs when futures trade below the spot price and is typically associated with stress, “extreme fear” or heavy hedging activity. The shift comes as bitcoin has fallen as much as 30% from its all time high.

According to an X post from Thomas Young, Managing Partner at RUMJog Enterprises, says this setup is rare in bitcoin and often signals a moment when it is time to take the other side of the trade.

As Young notes, “backwardation doesn’t happen often, and when it does, it usually marks stress, forced de-risking, or a short-term capitulation point.”
Young adds that markets typically follow one of two paths from this point: “Reversal, as the panic clears,” or “continuation into a final flush, which also tends to mark the bottom of the move.”

Backwardation has a history of aligning with local or major market bottoms. It marked the exact cycle low in November 2022 around $15,000 during the FTX collapse. Backwardation reappeared in March 2023 when bitcoin briefly slipped below $20,000 during the SVB and USDC depeg before rebounding strongly.
Another example occurred in August 2023 when the Grayscale ETF news sold off which drove prices toward $25,000 which marked a short term bottom and a fast reversal.

The three month futures annualized rolling basis, which has now fallen to about 4%, its lowest level since November 2022. The basis measures the annualized return available from a basis trade where traders buy spot bitcoin and sell a futures contract simultaneously that matures in three months. Futures usually trade at a premium, while the spread offers a relatively low risk yield.

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The sharp compression of that premium shows that demand for leveraged long exposure has massively dropped. In bullish phases traders are willing to pay for forward exposure which drives the basis higher, it was as high as 27% back in March 2024 during bitcoin’s all-time high of $73,000.

The current decline points to a more cautious environment, softer risk appetite and a market still digesting the recent drawdown. During moments of extreme enthusiasm the curve can swing into steep contango but under normal conditions bitcoin trades in a relatively mild contango structure.

Bitcoin NewsBackwardation

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Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.

What to know:

  • The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
  • A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin’s recent recovery.
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