Crypto News & Market Telemetry
Institutional-grade market intelligence, breaking protocol news, and macro signals powered by the Squaby Telemetry Desk.
Kalshi Ordered to Restrict Prediction Markets in Washington
Kalshi has been directed to narrow access to certain prediction markets in Washington state, with phased geofencing requirements due by Aug. 19 and Sept. 2. The order highlights growing regulatory scrutiny around event-based trading platforms and their compliance controls.
Galaxy Cuts CLARITY Act Passage Odds to 10%
Galaxy has sharply reduced its estimate of the CLARITY Act advancing this year, citing unresolved disputes over ethics, stablecoin yield, and developer protections. The firm also pointed to a limited Senate calendar after lawmakers return in September, tightening the legislative window.
SharpLink to Deploy $200M ETH via Lido’s wstETH
SharpLink plans to stake approximately $200 million in Ethereum through Lido’s wstETH, signaling a yield-focused treasury strategy that keeps assets productive within DeFi. The move highlights continued institutional comfort with liquid staking as a balance-sheet management tool.
Z.AI Launches GLM-5.3, Claims Coding Model Leadership
Chinese AI lab Z.AI has released GLM-5.3, positioning it as a leading open-weight coding model based on its internal benchmark results. However, the company’s own data suggests it still trails top closed-source systems and at least one major open competitor.
France Tax Data Leak Raises Risks for Bitcoin Holders
A reported sale of sensitive tax records tied to more than 678,000 French taxpayers and businesses could increase phishing, extortion, and targeted theft risks for crypto holders. The incident highlights how identity exposure can translate into elevated operational security concerns across the digital asset market.
Trump Set to Join White House Crypto CEO Meeting
President Donald Trump is expected to attend a White House meeting next week with leaders from crypto, prediction markets and artificial intelligence, according to sources. The gathering could signal a more active federal stance on digital assets and related emerging technologies.
World Liberty Gets Conditional U.S. Bank Charter Nod
World Liberty Trust Co., backed by Donald Trump, received preliminary conditional approval from the Office of the Comptroller of the Currency, marking a notable regulatory milestone for the crypto-linked firm. The decision could strengthen its credibility and open a new path for bridging digital assets with traditional banking.
Gen Z Shifts to ETFs as Crypto Trading Cools
Binance says Gen Z investors are increasingly favoring ETFs over frequent trading, while using less leverage than older cohorts. The trend points to a more cautious, long-term approach that could reshape retail market behavior across crypto and traditional assets.
Ireland Targets Illicit Crypto With New AML Standards
Ireland is preparing industry standards to curb illicit crypto activity under its anti-money laundering framework, with tighter scrutiny on transfers from private wallets and overseas digital asset firms. The move signals a more aggressive compliance environment for exchanges, custodians, and users operating in or serving the Irish market.
SEC Delay Hits Tokenization Stocks as Crypto Push Slows
Shares tied to crypto market infrastructure fell after the SEC delayed action on a key proposal, adding friction to Wall Street’s accelerating push into tokenization. Bullish, Coinbase, and Circle were among the notable names under pressure as investors reassessed the pace of regulatory progress.
Dartmouth Endowment Cuts Crypto Exposure by $2M
Dartmouth College’s endowment saw roughly $2 million erased from its crypto-linked holdings as digital asset prices fell, leaving about $12 million across Bitcoin, Ethereum, and Solana ETFs. The move highlights how even diversified institutional portfolios remain sensitive to sharp swings in the crypto market.
Kraken Parent Payward Revenue Jumps 17% in Q2
Kraken parent Payward posted 17% revenue growth in the second quarter even as crypto trading volumes softened, highlighting a shift toward more diversified income streams. The company also reported a 42% increase in funded accounts, suggesting user growth remained strong despite weaker spot market activity.
UK Resumes Probe Into Farage’s Crypto Donations After Win
UK parliamentary authorities have restarted an ethics probe into Nigel Farage’s crypto-linked donations after his by-election victory. The case adds fresh scrutiny to political fundraising and could influence how regulators view digital asset contributions in UK elections.
Israel’s Biggest Bank Brings Bitcoin, Ether, Solana Trading
Bank Leumi is set to let customers buy, hold, and sell Bitcoin, Ether, and Solana through its investment app starting in early 2027, with Galaxy providing the crypto infrastructure. The move signals growing mainstream banking adoption of digital assets in Israel and could accelerate regulated access for retail investors.
Bitcoin Self-Custody Shock After $116M Wallet Exploit
A reported $116 million Bitcoin wallet exploit has reignited debate over self-custody security just as ETF inflows recover, Strategy signals more BTC accumulation, and miners pursue lucrative AI infrastructure deals. The episode underscores a widening split between Bitcoin’s “be your own bank” ethos and the operational risks that come with it.
Binance Tightens Transfers, Flags HTX in Sanctions Shift
Binance will stop processing transactions involving 11 crypto platforms, including HTX, as exchanges face growing pressure from EU sanctions enforcement. The move underscores how compliance risk is becoming a market-moving factor across centralized crypto venues.
Gemini Posts $108M Q2 Loss Despite Revenue Surge
Gemini reported a $108 million net loss in Q2 even as revenue rose 37% year over year, highlighting how declining trading activity can offset growth in higher-margin services. Credit card and staking revenue helped support the exchange, but a sharp drop in trading volume and exchange revenue pressured overall profitability.
Shinhan Asset Management Launches Tokenized Fund Pilot
Shinhan Asset Management has teamed up with Plume to pilot a tokenized fund backed by a Korean won-denominated ultra-short-term bond fund. The experiment highlights how traditional asset managers are moving toward blockchain-based fund infrastructure and faster onchain distribution.
Bitcoin Slides Toward August Lows as Binance Longs Unwind
Bitcoin is under renewed pressure as futures open interest on Binance declines alongside price, signaling a sharp reduction in leveraged long exposure. CryptoQuant data suggests the market may be undergoing a long liquidation reset before a more durable trend can emerge.
JPMorgan Ends Polymarket Banking Ties Over Rules
JPMorgan Chase reportedly ended its banking relationship with Polymarket in October 2025 amid regulatory concerns, though the bank may still consider an underwriting role if the prediction market platform pursues an IPO. The move highlights the growing compliance pressure facing crypto-adjacent financial platforms.