Crypto News & Market Telemetry
Institutional-grade market intelligence, breaking protocol news, and macro signals powered by the Squaby Telemetry Desk.
Wintermute Launches US Broker-Dealer for Tokenized Assets
Crypto market maker Wintermute has secured a US broker-dealer registration, a move that positions the firm to expand into tokenized securities as regulated digital asset adoption accelerates. The development may strengthen Wintermute’s role in institutional crypto trading and future onchain capital markets.
10 Strange Real-World Assets Tokenized on the Blockchain
From tokenized cows to human skin and even farts, blockchain has repeatedly been used to represent some of the strangest assets imaginable. These experiments reveal how far tokenization can stretch beyond finance and where the next wave of onchain markets may emerge.
Situational Awareness Backs $400M Deal After Near Collapse
Situational Awareness has reportedly deployed $400 million into an undisclosed company just days after the hedge fund was said to be on the brink of collapse following July’s AI stock sell-off. The move signals a possible recovery for the fund and renewed risk appetite across the AI and broader growth-investing landscape.
PowerCompute Cuts Debt Costs With Bitcoin-Backed Refinancing
Nasdaq-listed PowerCompute has refinanced $18 million in debt using a Bitcoin-backed facility with an initial interest rate of about 2%, highlighting how crypto collateral is increasingly being used to lower corporate borrowing costs. The deal signals growing institutional comfort with Bitcoin as a balance-sheet asset and financing tool.
ElizaOS Drops to Record Low After Founder Calls It Dead
ElizaOS fell 19% to a new all-time low after Eliza Labs founder Shaw Walters said the token is effectively dead and that the project will continue without a cryptocurrency. The move follows the transfer of the remaining treasury to resolve a tokenholder lawsuit.
Block Lifts 2026 Outlook as AI Reaches Nearly All Code
Block raised its 2026 outlook after a stronger-than-expected quarter, powered by resilient performance from Cash App and Square. The company also said artificial intelligence now supports nearly all of its software engineering work, signaling deeper efficiency gains ahead.
RedotPay Vows Strong Defense in Binance Lawsuit
RedotPay says it will fight Binance’s Hong Kong lawsuit vigorously after the exchange accused the crypto payments firm of poaching customers. The case highlights intensifying competition and legal risk in the digital asset payments sector.
Warren Probes US AI Chip Policy After Trump Crypto Deal
Sen. Elizabeth Warren is reportedly pressing the Commerce Department for answers over US AI chip policy and its treatment of the UAE after investments tied to the Trump family’s crypto venture. The move adds fresh political scrutiny to the intersection of crypto, foreign influence, and semiconductor export controls.
Lummis Urges Fast CLARITY Vote Before August Recess
Sen. Cynthia Lummis is pressing lawmakers to advance the CLARITY crypto market structure bill before the August recess, warning that delays could push action into the 2026 election cycle or later. The outcome may shape U.S. crypto regulation, institutional adoption, and market sentiment across digital assets.
Crypto-Backed Democrat Loses Michigan Primary Despite PAC Push
Michigan Rep. Shri Thanedar lost his Democratic primary despite a $2 million crypto-aligned PAC campaign backing him, underscoring the limits of industry spending in local elections. The result highlights growing political risk for digital asset lobbyists as voters and rivals scrutinize crypto’s influence.
Gold Rallies on China Demand as Bitcoin Stalls Near $64K
Gold climbed to a six-week high as renewed demand from China and broader macro uncertainty lifted safe-haven flows. Bitcoin, meanwhile, struggled to extend gains beyond $64,000 even as the S&P 500 printed another record high.
Coldcard Flaw Sparks Hardware Wallet Security Debate
A Coldcard entropy issue has reignited concerns about whether hardware wallets can truly be trusted to secure Bitcoin. The incident highlights the need to understand how wallet design, supply-chain risks, and user practices affect self-custody safety.
Circle Q2 Revenue Misses Estimates as USDC Growth Slows
Circle reported $701 million in Q2 revenue, coming in slightly below Wall Street expectations of roughly $713 million. The results highlight how stablecoin market dynamics, interest-rate sensitivity, and competition in digital payments continue to shape Circle’s growth outlook.
Proof of Play Shuts Down as Web3 Gaming Thesis Fades
Proof of Play is winding down operations after its blockchain gaming vision failed to gain enough traction, despite backing from a16z. The studio will open-source Pirate Nation assets while an independent foundation continues supporting the PIRATE token ecosystem.
Crypto Won’t Rewind as U.S. Rules Evolve: Bitwise
Bitwise CIO Matt Hougan says the crypto market will keep progressing even if Congress misses its chance to pass major market structure legislation this year. He argues that clearer guidance from the SEC and CFTC could still provide enough regulatory momentum to support industry growth and institutional adoption.
Ethereum Staking Debate Heats Up Over EIP-8363
Ethereum researchers have introduced EIP-8363, a draft proposal aimed at reducing net consensus-layer staking rewards as the network’s staking ratio approaches 50%. Critics warn the move could weaken validator incentives and create unintended risks for Ethereum’s security and decentralization.
SpaceX Beats Revenue Forecast Despite $540M Bitcoin Loss
SpaceX reported stronger-than-expected revenue in its latest public filing, but the company also disclosed a $540 million loss tied to bitcoin holdings. The results arrive ahead of a major insider share unlock, putting fresh attention on Musk’s crypto exposure and the company’s financial trajectory.
US and UK Back Stablecoins, Tokenization in Talks
US and UK regulators reaffirmed support for stablecoins, tokenization, and payment modernization during a July 8 policy meeting. The discussions also emphasized cross-border coordination and the rollout of the GENIUS Act framework, signaling a more unified approach to digital asset oversight.
Crypto Today: Bitcoin, DeFi, and Regulation Market Update
Crypto markets continue to react to shifting Bitcoin momentum, DeFi activity, and evolving regulatory signals. Here’s a concise breakdown of the day’s most important trends and what they could mean for traders and long-term investors.
Bitcoin Holds $64K as S&P 500 Hits $70T Milestone
Bitcoin is consolidating near $64,000 as easing geopolitical fears around the Strait of Hormuz lift risk sentiment across global markets. At the same time, the S&P 500 has reached a record $70 trillion market capitalization, highlighting renewed appetite for equities and broader macro assets.