Crypto News & Market Telemetry
Institutional-grade market intelligence, breaking protocol news, and macro signals powered by the Squaby Telemetry Desk.
Google Pulls Earth AI Tool After Deepfake Fears
Google removed its new Earth AI image tool just one day after launch after concerns that it could be used to create convincing fake satellite imagery. The move highlights growing risks around AI-generated evidence, open-source intelligence, and trust in digital verification workflows.
Crypto Traders Weigh Perps Risks as Funding Rates Bite
Perpetual futures remain one of crypto’s most popular trading tools, but traders are increasingly focused on the hidden cost of funding rates. Both retail and institutional participants see perps as efficient and liquid, while also warning that leverage and crowded positioning can quickly turn them into a liability.
Tether Reports $1.5B Profit in Q2 Amid Reserve Changes
Tether's latest report shows a $1.5 billion operating profit in Q2 2023, alongside significant adjustments to its reserves, including gold and Bitcoin acquisitions.
Bitcoin Maintains Gains Despite Market Uncertainty in August
Bitcoin has managed to sustain its monthly gains amid negative news, but analysts caution that volatility may rise in August due to looming economic data and interest rate concerns.
Bank of Italy Study Reveals Stablecoin Remittance Costs Explained
A recent study by the Bank of Italy highlights that fiat conversion fees and existing payment infrastructures are the primary drivers of remittance costs, overshadowing blockchain transaction fees.
Pump.fun Faces Scrutiny After Layoffs Precede Token Release
Pump.fun's recent layoffs spark controversy as co-founder Noah Tweedale cites rapid growth, coinciding with the upcoming distribution of millions in PUMP tokens.
Ex-FTX Users Begin Receiving $900M in Fund Reimbursements
Former users of the failed FTX crypto exchange are reportedly receiving reimbursements as part of a $900 million distribution aimed at compensating creditors for their losses in 2022.
Tether Reports $1.5B Q2 Profit Amid Stablecoin Market Pressures
Tether's reserve surplus soared to $4.11 billion in Q2 2023, driven by increased USDT supply, despite challenges in the stablecoin market.
Crypto Update: Daily Insights on Bitcoin, DeFi, and Regulations
Stay informed with today's key developments in the cryptocurrency market, including trends affecting Bitcoin, DeFi, and regulatory changes shaping the industry.
Citadel Acquires Major Stake in Situational Awareness Amid AI Market Shift
Citadel has reportedly acquired a significant portion of Situational Awareness's stock portfolio, retaining approximately $10 billion in assets, including a stake in Anthropic.
Aave Considers Closing Six V3 Markets Amid Low Usage
Aave is contemplating the termination of six V3 markets and the offboarding of 50 underperforming reserves, following recommendations from LlamaRisk, a DeFi risk management service.
Wintermute Predicts Selective Altseason Amid Institutional Shift
Wintermute's analysis reveals a potential altseason with fewer winners as institutional investors dominate trading flows, highlighting a shift towards select tokens in the market.
Bhutan's Gelephu Partners with 3iQ to Enhance Bitcoin Treasury
Gelephu Mindfulness City in Bhutan has engaged 3iQ to oversee a segment of its Bitcoin treasury, signaling the country's ambition to establish a digital asset investment hub.
US Senators Advance Ethics Revisions for CLARITY Act Amid Urgency
As the Senate's recess approaches, US Senators have sent revised ethics rules for the CLARITY Act to the White House, highlighting differing views on crypto regulations.
Coinbase Reports Q2 Earnings Miss Amidst Market Volatility
Coinbase's Q2 earnings fell short of expectations, attributed to decreased spot trading and volatility, despite achieving record market share in crypto.
Aviva Investors Introduces Tokenized Fund with XRPL Technology
Aviva Investors has launched a tokenized fund approved by the Central Bank of Ireland, offering blockchain-based access to a U.S. dollar liquidity fund via XRPL technology.
Survey Reveals 25% of Canadians Own Crypto Assets
A recent survey indicates that 25% of Canadians own cryptocurrency, reflecting a growing awareness of risks and opportunities in the crypto space.
Surge in South Korean Crypto Trading Amid Stock Market Decline
As South Korea's stock market experiences a notable downturn, cryptocurrency trading on local exchanges has surged, reflecting a shift in investor sentiment towards digital assets.
BitRiver's Igor Runets Faces Fraud Charges in $8M Scheme
Igor Runets, founder of BitRiver, has been charged with fraud involving an $8 million cryptocurrency mining equipment deal connected to Russian billionaire Oleg Deripaska.
Australia Takes Legal Action Against Telegram Over Extremist Content
Australia initiates court proceedings against Telegram for allegedly failing to manage extremist content on its platform, raising concerns about user safety and regulatory compliance.