Crypto News & Market Telemetry
Institutional-grade market intelligence, breaking protocol news, and macro signals powered by the Squaby Telemetry Desk.
DeFi Platform Shifts to B2B Backend as Revenue Drops
A DeFi protocol has pivoted from a consumer-facing app to a behind-the-scenes infrastructure provider for major tech firms, as revenue fell from $80 million to $20 million during the bear market. Its OTC lending business, now at $260 million outstanding, is emerging as the fastest-growing segment with a $1 billion target by year-end.
Strategy Holds STRC Dividend at 12% Amid Par Discount
Strategy has kept the dividend on its preferred STRC shares at 12% as the security continues to trade below its $100 par value. The decision signals that investors may need a sustained move above par before any payout reset is triggered.
Crypto Perps Go Mainstream: 24/7 Access to Stocks
Crypto exchanges are repurposing perpetual futures to bring nonstop exposure to stocks, commodities, and indexes. The shift could blur the line between Wall Street and crypto markets while expanding access for global traders.
Crypto Today: Bitcoin, DeFi, and Regulation in Focus
Crypto markets are being shaped by shifting Bitcoin sentiment, ongoing DeFi activity, and fresh regulatory developments across global markets. Here’s a concise breakdown of the trends and what they could mean for traders and investors.
BNB Chain Takes Legal Action Over Unauthorized Memecoin
BNB Chain says a former employee allegedly used a company tutorial wallet to launch a memecoin without authorization, prompting legal action and renewed scrutiny over internal controls in crypto. The case highlights governance risks for blockchain ecosystems and may influence how projects secure branded wallets and community-facing tools.
Trump Media Cuts Bitcoin Holdings to 4,261 BTC
Trump Media has transferred another 2,628 BTC to Crypto.com, reducing its reported Bitcoin stash to 4,261 BTC. The move extends a months-long selling trend that has now totaled 7,281 BTC and could signal a more cautious treasury strategy.
Coldcard Hack Triggers Biggest Sub-1 BTC Move Since FTX
Bitcoin activity surged as users moved 39,600 BTC in small transactions while the Coldcard-related attack remained active, according to CryptoQuant. Analysts say the unusual wave of sub-1 BTC transfers highlights rising security fears and could keep pressure on market sentiment.
Americans Growing More Skeptical of AI, Gallup Finds
Gallup reports that U.S. public sentiment toward artificial intelligence is turning more negative as awareness rises, with concerns centered on job displacement, business adoption, and the technology’s broader social impact. The shift could influence how quickly AI tools are embraced across tech, finance, and Web3 markets.
CZ Warns Bitcoin Holders After $70M Wallet Hack
Binance founder Changpeng Zhao warned Bitcoin holders to avoid concentrating funds in a single wallet after a Coldcard-related exploit was estimated by Galaxy Research to have drained roughly $70 million. The incident underscores that even hardware-wallet users remain exposed to operational and software risks.
Strategy Keeps STRC Dividend at 12% Amid Price Weakness
Strategy has left its STRC dividend unchanged at 12%, defying its usual pattern of raising payouts when the security trades below par. The decision may signal a more cautious capital strategy as investors assess demand for the company’s crypto-linked financing structure.
Crypto Legal News: FTX Case, Polymarket Bet, Trading Fine
This week’s crypto legal headlines featured renewed movement in an FTX-related case, a soldier’s bid to dismiss charges tied to a Polymarket wager, and a former congressman ordered to pay $35,000 over manipulative trading. The developments underscore how regulators and courts are increasingly shaping the risk profile for crypto markets.
Bitcoin Cold-Wallet Exploit Spreads to 4,500 Addresses
A new wave of sweeps linked to weak Coldcard-generated keys has expanded the Bitcoin cold-wallet exploit to roughly 4,500 addresses, with losses approaching $89 million. Galaxy Research says the attacker is now focusing on smaller balances and adjusting onchain collection methods, signaling a more adaptive campaign.
Minnesota Crypto ATM Ban Begins After $1M Scam Losses
Minnesota’s new restrictions on crypto ATMs are now in force after officials said residents lost roughly $1 million to kiosk-linked scams between 2023 and 2025, with seniors hit especially hard. The move adds to a growing U.S. regulatory push aimed at curbing fraud without shutting down legitimate digital asset access.
Tokenized Stock Trading Jumped 288% in July
Tokenized equity trading surged sharply in July, but the headline growth was heavily concentrated in one QQQ-linked token, QQQB. Excluding that single product, tokenized stock volume would have fallen below June levels, highlighting how narrow the market remains.
Crypto PAC Adds $1M to Michigan House Race
An industry-aligned crypto PAC has injected another $1 million into Michigan’s House race, intensifying the political pressure around incumbent Shri Thanedar’s re-election bid. The spending underscores how digital asset policy is becoming a growing factor in Democratic primary contests and broader U.S. election strategy.
Solana CISO Warns AI Is Supercharging Crypto Scams
Solana Foundation’s new CISO, Michael Coates, says artificial intelligence is making phishing, impersonation, and other crypto scams far more convincing. He warned that fake identities and AI-driven vulnerabilities are likely to become a major blockchain security threat.
Coldcard Bitcoin Loss Estimate Climbs to $70M
Galaxy Research says the scope of the Coldcard wallet incident is larger than first believed, identifying 1,196 addresses that lost 1,082.65 BTC in a 41-minute window. The revised estimate puts the total loss near $70 million, highlighting the persistent risks of wallet security and user-side operational mistakes in Bitcoin custody.
Russia Widens Crypto Mining Ban to Moscow Until 2032
Russia has expanded its cryptocurrency mining restrictions to include Moscow, the Moscow Region, and parts of Kursk Region, extending the ban through 2032 over electricity supply concerns. The move underscores growing pressure on miners in power-stressed areas and could accelerate a geographic shift in Russia’s mining industry.
Bitcoin ETFs Close July Higher Despite Month-End Selloff
Spot Bitcoin ETFs recorded $172.4 million in net inflows in July, ending the month in positive territory even after late-month selling pressure. However, the funds still sit $5.3 billion in net outflows year to date, underscoring how severe the May and June drawdowns were.
XRP Ledger 3.3.0 Restores Features After Bug Fixes
The upcoming xrpld 3.3.0 release is set to reintroduce two XRP Ledger features that were previously withdrawn after security researchers uncovered serious bugs. The upgrade signals renewed confidence in the network’s development process, though market participants may remain focused on implementation risk and validator adoption.