The evidence behind a venture matters at every stage.
Dated research on illicit activity and institutional participation frames the questions investors, founders and counterparties need to examine across a blockchain venture’s lifecycle.
Published observations inform the questions a venture record should help answer.
Read the source and scope
MarketSignals
Published 8 January 2026≥ $154B
2025 receipts by identified illicit addresses
IllicitReceipts
Chainalysis estimated that identified illicit cryptocurrency addresses received at least US$154 billion during 2025. The figure spans illicit categories and may change as additional addresses are identified.
Lower-bound receipts across illicit categories. Do not add this figure to the scam estimate.
Chainalysis projected 2025 cryptocurrency scam and fraud proceeds of around US$17 billion. Its January report recorded at least US$14 billion received on-chain and anticipated upward revisions as further addresses were identified.
Keep the projection and observed minimum distinct; these figures describe the wider crypto market.
In the 2026 EY-Parthenon and Coinbase survey, 73% of institutional respondents planned to increase digital-asset allocations during 2026. More than 350 institutions were surveyed globally in mid-to-late January.
Stated intentions among surveyed respondents; realized allocations and Becoming Alpha participation require separate evidence.
Sources and scope are stated with each figure. These observations concern the wider digital-asset market and the surveyed institutions. Becoming Alpha’s customer demand and product results require their own evidence.
Explore the detail
DiligenceQuestions
A venture record can organize the evidence relevant to a proposed relationship. The scope depends on the participant, the intended action and the applicable obligations.
Market Landscape01
Accountable Ownership
Examine entity and role records, authority to act, relevant verification results and the owner of each material statement. Keep the date and scope of a check visible so a reviewer can judge its relevance.
Market Landscape02
Operational Controls
Follow technical assurance, permissions, treasury authority, distribution controls and incident responsibilities into their underlying documents. Record applicability, unresolved items and the party responsible for review.
Market Landscape03
Continuing Visibility
Identify reporting responsibilities, material-update records, monitoring triggers and escalation routes. A dated record provides a point of reference for subsequent review as the venture develops.
Source and context
EvidenceContinuity
Becoming Alpha’s launch intelligence infrastructure is designed to connect structured venture work with attributable evidence and source-linked interpretation. Launch OS provides the work context; the Evidence Model records provenance and review state; the Alpha AI Engine is designed to help authorized participants examine that evidence.
Venture Record
01Structured work
02Attributable evidence
03Source-linked context
Follow the record from preparation through launch and post-launch stewardship.
Questions and context
FurtherDetail
What period do these figures describe?+
The Chainalysis observations measure 2025 activity and were published in January 2026. The survey records intentions expressed in January 2026 for the year ahead. Each entry states its population and basis.
How should the figures inform a venture review?+
Use them to identify relevant questions about responsibility, controls and continuity. Assess the venture’s own records, applicable obligations and unresolved issues through the appropriate review process.
ContinueExploring
Follow the next subject or explore the supporting evidence in context.