Crypto News & Market Telemetry
Institutional-grade market intelligence, breaking protocol news, and macro signals powered by the Squaby Telemetry Desk.
ASX Faces Lawsuit Threat Over Failed Blockchain CHESS Project
An ASX shareholder is reportedly preparing legal action against former directors after the exchange’s abandoned blockchain-based CHESS replacement triggered fresh governance concerns. The case could intensify scrutiny over disclosure practices, board accountability, and the broader risks of enterprise blockchain failures.
NYC Council Probes Prediction Market Marketing Tactics
New York City Council Speaker Julie Menin has launched an inquiry into how prediction market firms market their services to residents, raising concerns over potentially predatory tactics. The probe could shape future scrutiny of event-driven crypto and betting-adjacent platforms in major U.S. markets.
Goldman Sachs to Buy NEOS in $2.25B ETF Deal
Goldman Sachs is set to expand its ETF footprint with a $2.25 billion acquisition of NEOS, a move that brings a $30 billion ETF platform and crypto-linked income funds into its asset management business. The deal could strengthen institutional access to Bitcoin and Ether exposure through yield-focused products.
Hawaii Crypto ATM Ban Starts Oct. 1 Amid Scam Crackdown
Hawaii will become the fourth U.S. state to fully prohibit cryptocurrency ATMs and kiosks, with the new law taking effect on Oct. 1. The move reflects growing regulatory pressure as states try to curb fraud linked to cash-to-crypto machines.
Kraken Expands Funded Trading With S&P 500 Exposure
Kraken has added the S&P 500 to its funded trading program, giving traders 24/7 exposure to the U.S. equity benchmark as the exchange broadens its multi-asset strategy. Commodities are expected to be the next addition, signaling a deeper push beyond crypto into traditional markets.
Bitwise Lays Off 14% as Crypto Growth Outlook Stays Intact
Bitwise has reduced its workforce by 14% even as the asset manager says it still expects business growth, underscoring how crypto firms are tightening operations while positioning for long-term expansion. The move reflects a broader industry trend of workforce cuts across major digital asset companies.
FlightAware Ends Kalshi Lawsuit After One Day
FlightAware has withdrawn its lawsuit against prediction market platform Kalshi just one day after filing, signaling a rapid de-escalation in a dispute over flight cancellation data. The case highlights growing scrutiny around event contracts and the data sources used to settle them.
HashKey Opens Beta Access to Hong Kong HKDAP Stablecoin
HashKey has been approved to distribute Anchorpoint’s HKDAP stablecoin in beta, marking a notable step forward for Hong Kong’s regulated digital asset market. The move could broaden institutional access and strengthen the city’s push to become a compliant Web3 hub.
Bitcoin Targets $63K as CPI Eases Fed Rate Pressure
Bitcoin hovered near a key $63,000 resistance zone after U.S. CPI data met expectations, lifting the odds of a Federal Reserve rate pause in September to around 60%. Despite the macro relief, traders remain cautious as BTC struggles to convert the level into firm support.
Kalshi Expands Sports and Crypto Data Feed via DoubleZero
Kalshi has opened access to its sports and crypto perpetuals data feed on DoubleZero’s dedicated fiber network, aiming to improve latency, reliability, and institutional-grade market access. The move highlights growing demand for faster, cleaner data infrastructure across prediction markets and crypto trading.
Fidelity Seeks SEC Approval to Add Staking to Ethereum ETF
Fidelity has filed with the SEC to introduce staking into its Ethereum ETF, a move that could make the fund more attractive by generating yield from Ether holdings. Under the proposal, 85% of staking rewards would go to the FETH fund, with quarterly cash distributions planned for investors.
Binance, RedotPay Dispute Deepens Over Singapore Lawsuit
Binance and RedotPay are locked in a high-stakes legal battle tied to a $473 million dispute, with RedotPay saying it expects the Singapore case to end and Binance insisting its claims are still active. The outcome could shape counterparty risk perceptions across crypto payments and exchange-linked finance.
Bitcoin Groups Push AI Firms for Early Model Access
Bitcoin advocates and open-source developers are asking leading AI companies to provide early access to frontier models so they can strengthen cybersecurity tools and defend critical crypto infrastructure. The move could improve wallet, node, and protocol security while deepening ties between the Bitcoin and AI ecosystems.
Fake Crypto Startup Trapped North Korean IT Workers
A deceptive crypto startup reportedly lured suspected North Korean IT workers into a monitored environment, allowing investigators to track their activity and gather intelligence on infiltration tactics. The case highlights growing security risks for Web3 companies and the evolving cat-and-mouse game around state-linked cyber operations.
CFTC Uses Emergency Powers in Kalshi New York Clash
The CFTC has stepped in with emergency authority to keep Kalshi operating as New York challenges federally regulated event contracts. The move intensifies a broader legal fight over whether states can classify these products as illegal gambling.
Ravencoin Slumps to New Low Amid Network Reorg Risk
Ravencoin has fallen to a record low after reports that mining pools controlling most of its hash rate are building an alternative chain, raising fears of a multi-day blockchain reorganization. The development has intensified concerns over transaction security, network integrity, and near-term market confidence.
Ravencoin Slumps to Record Low After Network Exploit Alert
Ravencoin fell to a new all-time low after reports that mining pools controlling most of its hash rate are building a rival chain, raising concerns over transaction integrity. The development could force a multi-day chain reorganization and undermine confidence in the network.
Bitcoin Rangebound as ETF Inflows Meet Inflation Risk
Bitcoin remains trapped in a tight trading range as steady spot ETF inflows help absorb selling pressure. Traders are now focused on Wednesday’s inflation report, which could determine whether BTC breaks out or stays stuck in consolidation.
Itaú Joins Brazil Tokenization Pilot With OpenAssets
Itaú Unibanco has entered an ANBIMA-led tokenization pilot with OpenAssets to test tokenized fixed-income securities and investment funds. The move underscores Brazil’s growing role as a Latin American leader in regulated real-world asset tokenization.
SEC Moves on Crypto Rules as CLARITY Bill Stalls
The SEC is preparing to advance digital asset policy discussions even as Congress fails to pass the CLARITY Act, signaling that U.S. crypto regulation may continue to evolve through agency action. Markets are watching closely for signs of stricter oversight, clearer compliance expectations, and potential shifts in token classification.