# investment risk

A controversial migration plan that could freeze early Bitcoin wallets is testing the line between security and immutability, while market plumbing and yield promises face renewed scrutiny. Traders are pivoting to 24/7 tokenized perpetuals that logged $31 billion in weekly volume, as prediction markets price a 12% chance MicroStrategy sells and policy signals and jurisdictional shifts reshape risk.

Regulators and institutions are tightening control of digital assets as users flag solvency risks from circular collateral. Reports of World Liberty Financial draining a lending pool with illiquid tokens, alongside Japan's reclassification of crypto as financial instruments and a renewed push to open 401(k)s to alternatives, underscore a market recalibrating rules and risk. A solo miner's improbable Bitcoin block win highlights ongoing unpredictability even as standards harden.