Crypto News & Market Telemetry
Institutional-grade market intelligence, breaking protocol news, and macro signals powered by the Squaby Telemetry Desk.
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.
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.