Crypto News & Market Telemetry
Institutional-grade market intelligence, breaking protocol news, and macro signals powered by the Squaby Telemetry Desk.
MoneyGram Brings Crypto Cash Ramps to Solana
MoneyGram has expanded its Ramps service to Solana, enabling wallets and apps on the network to connect users with its global cash network. Rift is the first wallet to integrate the new on- and off-ramp functionality.
Strategy Plans to Resume Bitcoin Buying This Year
Strategy CEO says the company expects to restart Bitcoin accumulation before year-end, signaling that recent BTC sales were a temporary departure rather than a shift in treasury strategy. Despite the pullback, the firm has still bought roughly 25 times more Bitcoin than it sold in 2024.
FlightAware Sues Kalshi Over Flight Cancellation Contracts
FlightAware has filed suit against prediction market platform Kalshi, alleging trademark infringement and reputational harm tied to contracts linked to flight cancellation data. The case adds fresh scrutiny to event-based markets as regulators and industry players debate whether these products resemble gambling or legitimate financial instruments.
Coinbase-Backed Flowdesk Wins Dubai Broker-Dealer License
Flowdesk has secured full broker-dealer approval from Dubai’s VARA, expanding its regulated footprint beyond Europe after obtaining MiCA authorization in France. The move strengthens the firm’s position as crypto companies race to build compliant operations across key global markets.
SharpLink Posts $394M Q2 Loss as ETH Slumps 23%
SharpLink disclosed a $394 million net loss in the second quarter of 2026, with the downturn primarily tied to Ether’s sharp 23% slide during the period. The results underscore how heavily crypto-treasury exposure can amplify earnings volatility when digital asset prices move against the balance sheet.
ADI Chain and Shipfinex Tokenize $500M Vessel Pipeline
ADI Chain has partnered with Shipfinex to bring a $500 million vessel pipeline onchain, starting with 35 ships as tokenization moves deeper into the maritime sector. The deal highlights how real-world asset tokenization is expanding beyond real estate and treasuries into one of the world’s largest capital-intensive industries.
eToro Buys TradeZero as Crypto Revenue Drops 30%
eToro is expanding its U.S. footprint with the acquisition of TradeZero while reporting a sharp decline in crypto-related revenue for Q2 2025. The move signals a strategic pivot toward broader trading services as digital asset trading activity cools.
Bitcoin Sell Pressure Nears Exhaustion as USDT Shrinks
CryptoQuant says Bitcoin’s downside pressure may be running out of steam after USDT’s market cap fell by roughly $4 billion in 60 days, a move that historically has not supported stronger selling. The signal suggests liquidity conditions may be stabilizing even as traders remain cautious.
Coldcard Hack Losses: How Bitcoin Tracing Works
Investigators still do not have a definitive loss figure for the Coldcard-related hack, as estimates vary depending on victim reports and blockchain tracing methods. The case highlights both the strengths and limits of on-chain analysis in tracking stolen Bitcoin.
Keel Ends US Bitcoin Mining as Q2 Revenue Drops 50%
Keel has fully shut down its U.S. Bitcoin mining operations after reporting a 50% year-over-year drop in second-quarter revenue. The company is now shifting capital and strategy toward AI and high-performance computing infrastructure, reflecting a broader industry rotation away from low-margin mining.
Anthropic Seals $9B Compute Deal With Bitcoin Miner Riot
Anthropic has reportedly agreed to a $9 billion compute infrastructure deal with Riot, securing 191 megawatts of power at the Bitcoin miner’s Rockdale, Texas campus. The agreement underscores how AI demand is reshaping energy-heavy digital infrastructure and creating new revenue opportunities for crypto miners.
South Korea Expands Crypto Travel Rule to All Transfers
South Korea will eliminate its 1 million won threshold for the Travel Rule, requiring information sharing on all transfers between registered crypto service providers. The move tightens anti-money laundering oversight and could raise compliance standards across the country’s digital asset market.
White House Pushes CLARITY Act Toward September Vote
The White House says it will keep negotiating with Democrats as the Senate moves toward a September vote on the CLARITY Act, a key crypto market structure bill. The outcome could shape U.S. digital asset regulation, exchange oversight, and broader institutional adoption.
Trump Media Reworks Crypto Treasury After Q2 Loss
Trump Media is shifting to a more disciplined crypto treasury approach after posting a $238 million second-quarter loss, while prioritizing investment in its core media operations. The move highlights growing pressure on public companies to balance digital asset exposure with operational performance.
Strategy Adds $4.75B Cash Buffer as Bitcoin Alone Falls Short
Strategy has built a $4.75 billion cash cushion after discovering that even a huge bitcoin treasury does not fully satisfy traditional investors. The move highlights growing demand for balance-sheet flexibility as the market reassesses corporate bitcoin strategies.
Bitwise Says Circle Is Undervalued as Stablecoins Surge
Bitwise analyst Ryan Rasmussen argues that Circle is being mispriced as the stablecoin market heads toward trillions in value. He says investors may be overlooking the company’s expanding payments infrastructure and long-term role in digital finance.
Trump Media’s Bitcoin Bet Faces $361M Crypto Loss
Trump Media reported a sharp decline in the value of its crypto treasury, with Bitcoin holdings and Cronos exposure both hit by market weakness. The company held 9,477 BTC worth about $557 million at the end of June, underscoring how volatile digital asset reserves can impact corporate balance sheets.
Judge Pauses CFTC Suit Over Soldier’s Prediction Market Trades
A New York judge has granted a stay in the CFTC’s civil case against U.S. soldier Gannon Ken Van Dyke, after federal prosecutors asked to pause the matter amid related proceedings. The case centers on more than $400,000 in alleged gains from prediction market bets and could shape how regulators pursue similar trading activity.
TRON USDT Supply Hits $87.9B as Q2 Transfers Surge
TRON set new records in Q2 as USDT supply climbed to $87.9 billion and network transfers reached $2.1 trillion, according to Messari. While stablecoin activity accelerated, DeFi and DEX usage on the chain weakened, highlighting a split between payments demand and on-chain trading momentum.
UK Money Laundering Suspect Tied to $100M Trump Crypto Deal
A New York Times report says the buyer behind a $100 million World Liberty Financial token purchase linked to Donald Trump’s crypto venture has ties to the UK and UAE, raising fresh questions about counterparties, compliance, and political risk in crypto fundraising. The revelation could intensify scrutiny of high-profile token sales and the due diligence standards used by politically connected Web3 projects.