Gold Hits $5,000 as Custody Breaches Rock Government Crypto Holdings

🔐 When governments lose the keys

By Bridgers
Feb 6, 2026, 2:55 PM
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Geopolitical tensions are reshaping global markets.​ Middle East instability pushed gold above $5,000/oz for the first time, while central banks now hold more gold than U.​S.​ Treasuries—a shift not seen since 1996.​ This de-dollarization trend pressures crypto short-term but strengthens Bitcoin's case as a sovereign-free store of value.​

Government custody failures expose systemic risks:

  • U.​S.​ Marshals contractor allegedly involved in insider theft of millions from seized wallets
  • South Korea lost $48.​5M in Bitcoin to a phishing attack
  • These incidents may force complete restructuring of state crypto custody systems

Institutional adoption advances despite volatility.​ Japan's FSA plans crypto ETFs by 2028, aligning with U.​S.​ and Hong Kong frameworks.​ Hong Kong's Mox Bank now offers BTC and ETH trading, embedding crypto into traditional banking.​

Infrastructure developments continue.​ Sui Group Holdings is launching a yield-bearing stablecoin on its blockchain, while a16z-backed custody startup Entropy shut down operations, highlighting the difficulty of scaling institutional custody models.​

The contrast between growing institutional acceptance and operational security failures underscores crypto's maturation challenges.​

Sources

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📣 Today’s Top Crypto Headlines 🌍 U.S. Tariffs Fuel Global Uncertainty • New U.S. tariffs announced on 8 European countries • Targets include Denmark, Germany, France & the UK • Tariff range: 10%–25% • Tied to negotiations around Greenland acquisition • Raises risks for

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📣 Today’s Top Crypto Headlines 🌍 Geopolitical Tensions Drive Risk-Off Markets • Middle East instability escalates • U.S. deploys carrier strike group • Spot gold surges above $5,000/oz (record high) • U.S. stock futures fall • Global reserve shift underway • Non-U.S.

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📣 Today’s Top Crypto Headlines 🏦 Institutional Demand Remains Strong • CoinShares reports $2.17B in net inflows last week • Largest weekly inflows since Oct 2025 • Inflows occurred before recent geopolitical volatility • Bitcoin leads with $1.55B in inflows • Driven

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📢 Today’s Top Crypto Headlines: ⚠️ Macro Risk Alert: Buffett Indicator • Buffett Indicator hits 223–230%, above dot-com bubble levels • Signals potential US equity market correction • Risk-off sentiment could spill over into crypto markets 🏛️ US Senate to Vote on CLARITY

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📣 Today’s Top Crypto Headlines 📊 Bitcoin Spot ETFs See Record Outflows • U.S. BTC spot ETFs record $1.33B weekly net outflows • First major institutional profit-taking wave • Not isolated to one fund • BlackRock IBIT: −$537M • Fidelity FBTC: −$451M • Signals selling

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