Resources

MarketContext

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.

From context to questions

Market
context
ParticipationWho is entering
ActivityWhat is observable
ContinuityWhat can be reviewed
Published observations inform the questions a venture record should help answer.

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.

Read the Chainalysis report
Published 13 January 2026~ $17B

Projected 2025 scam and fraud proceeds

ScamExposure

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.

Read the scam research
March 2026 report; January 2026 survey73%

Survey respondents planning increased allocations

InstitutionalIntent

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.

Read the institutional survey

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.

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 Landscape

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 Landscape

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 Landscape

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.

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
Structured work
Attributable evidence
Source-linked context
Follow the record from preparation through launch and post-launch stewardship.

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.