Crypto News & Market Telemetry
Institutional-grade market intelligence, breaking protocol news, and macro signals powered by the Squaby Telemetry Desk.
BNY Expands Into Institutional Crypto Staking With Galaxy
BNY is moving beyond crypto custody by introducing institutional staking services through a partnership with Galaxy. The offering could help eligible clients earn yield on proof-of-stake assets while signaling deeper traditional finance adoption of digital asset infrastructure.
Coldcard Flaw Hit by 15+ Attackers, Galaxy Says
Galaxy says at least 15 distinct attackers exploited a vulnerability in Coldcard hardware wallets, underscoring how a small security gap can scale into a major threat. The incident has renewed debate over wallet hardening, AI-assisted security, and the real cost of protecting self-custody crypto users.
Texas Grid Moratorium Seen as Limited Risk for BTC Miners
Bernstein says Texas Governor Greg Abbott’s moratorium on new ERCOT-linked data center approvals is unlikely to materially hurt Bitcoin miners with already approved power contracts. The move may slow future expansion, but existing mining operations appear largely insulated.
Strategy’s STRC Reclaims $90 After Sharp 24% Rebound
Strategy’s STRC preferred shares have climbed back above $90 after rebounding nearly 24% from their June closing low. The move comes as the company expands its cash reserve and continues repurchasing STRC, signaling renewed support for the security.
Nigeria Unveils Crypto Tax Rules for Digital Asset Platforms
Nigeria has published a framework clarifying how existing tax obligations apply to crypto disposals and rewards, including cases where withheld amounts may be settled in the same token. The move signals a more structured regulatory approach that could reshape compliance for exchanges, wallets, and other digital asset platforms.
Bitmine Boosts ETH Stack to 4.8% With $19.6M Buy
Bitmine expanded its Ether treasury by $19.6 million while repurchasing 4.5 million shares, bringing its ETH holdings to roughly 4.8% of circulating supply. The move underscores rising corporate accumulation of Ethereum as the company closes in on its 5% target.
FBI Agent Arrested in $1M Crypto Theft Case
A U.S. FBI intelligence agent with top secret clearance has been arrested over allegations of stealing roughly $1 million in cryptocurrency from wallets tied to agency investigations. The case raises fresh concerns about insider risk, digital asset custody, and law enforcement oversight.
Tyler Williams Leaves Treasury as U.S. Crypto Push Slows
Tyler Williams, a central figure in shaping the Trump administration’s digital asset strategy, is exiting the U.S. Treasury Department amid stalled progress on major crypto legislation in Congress. His departure adds fresh uncertainty to Washington’s evolving approach to digital assets.
FalconX Lays Off 10% as Crypto Slump Hits Brokers
FalconX has reportedly cut about 10% of its workforce as the prolonged crypto downturn pressures digital asset firms to rein in spending. The prime broker is also said to be scaling back its Singapore push and withdrawing a local license application.
Kenya Puts 30M Academic Records on Avalanche Blockchain
Kenya has launched a blockchain-based verification system that places 30 million academic credentials on Avalanche to curb certificate fraud and speed up record checks. The move could set a precedent for public-sector blockchain adoption across Africa.
BlackRock Unveils Tokenized Funds for Stablecoin Reserves
BlackRock has launched two blockchain-based money market funds aimed at serving as compliant reserve assets for stablecoins under the US GENIUS Act. The move could strengthen the bridge between traditional finance and onchain liquidity while setting a new standard for reserve management.
Fake World Assets and Onchain Gacha Fuel Crypto Craze
Fake World Assets is turning overlooked NFTs into an onchain lottery experience, tapping into crypto’s appetite for speculation, gamified trading, and collectible culture. The trend is drawing attention fast, but its staying power will depend on liquidity, user retention, and whether the novelty can evolve into a durable market.
Bitcoin Could Hit August Bear Market Bottom: 10x Research
Bitcoin may be nearing a bear-market bottom in August, according to 10x Research, as macro conditions and Treasury yields shape the next move. However, rising yields could pressure the Federal Reserve into a September rate hike, potentially delaying a broader crypto recovery.
Bitcoin Nears $62K as Coinbase Premium Turns Negative
Bitcoin climbed toward $62,000 even as the Coinbase premium stayed negative for a 77-day stretch, signaling weaker US spot demand than overseas buying. The divergence comes despite a return to positive US spot Bitcoin ETF inflows in July.
Coldcard Attack Wave May Put 389 BTC at Risk
Galaxy Research head Alex Thorn says a suspected fourth attack wave targeting Coldcard users may have swept 389 Bitcoin, though unconfirmed transactions could still offer some holders a narrow chance to protect funds. The incident highlights growing operational-security risks for self-custody Bitcoin users.
Coldcard Exploit Hits Bitcoin Sentiment as Clarity Act Stalls
A reported $90 million Bitcoin loss tied to cold storage has rattled crypto markets, adding fresh pressure to sentiment just as the U.S. Clarity Act faces a narrowing window for Senate action. Traders are watching whether the selloff becomes a deeper risk-off move or a consolidation phase for Bitcoin and the broader crypto market.
Meta AI Glasses Face Privacy Backlash and Legal Scrutiny
Meta’s AI-powered smart glasses are drawing intense scrutiny as lawsuits, privacy complaints, secret recordings, and government probes raise concerns about consent and surveillance. The controversy could shape consumer adoption, regulatory pressure, and the broader market for wearable AI devices.
Coldcard Bitcoin Exploit Hits $88M as Wallets Drain
Galaxy Research says a third wave of theft tied to Coldcard Bitcoin wallets has lifted observed losses to about 1,367 BTC across 4,585 addresses, or roughly $88 million. The incident underscores how wallet security failures can rapidly cascade into large-scale onchain losses and broader user panic.
Crypto Payments Will Skip On-Ramps and Bridges: Fun CEO
Fun CEO Alex Fine says the next wave of crypto payments will move beyond separate on-ramps and bridges, replacing them with unified funding flows that hide blockchain complexity from users. The shift could reshape payment infrastructure, improve conversion, and intensify competition among Web3 fintech platforms.
Crypto Clarity Bill Faces Tight Senate Deadline
The U.S. Senate has only a narrow window left before its August recess to advance remaining priorities, with the long-awaited Clarity legislation now under pressure. The outcome could shape how digital assets are regulated and influence market sentiment across the crypto sector.