Crypto News & Market Telemetry
Institutional-grade market intelligence, breaking protocol news, and macro signals powered by the Squaby Telemetry Desk.
Germany Proposes 25% Flat Tax on Crypto Gains
Germany is weighing a 25% flat tax on crypto gains from 2027, a move that would end the country’s current one-year holding-period exemption. The draft would align digital assets more closely with traditional investments and could influence long-term holding behavior across Europe.
Crypto Markets Hold Risk Appetite as Key Signals Shift
Crypto markets entered the session with a constructive tone, supported by a Greed reading of 66 that suggests investors remain willing to take risk. The latest signal points to a market still focused on macro liquidity, regulatory clarity and blockchain adoption rather than a single dominant catalyst.
Crypto, Banks Press Senators on Clarity Act Vote
Crypto industry advocates and community bankers are escalating their lobbying campaigns in senators' home states ahead of a Sept. 15 procedural vote on the Clarity Act. The fight underscores how closely the bill's fate may hinge on regional political pressure and competing financial interests.
Trezor Says Hackers Breached Email Provider in Phishing Push
Trezor said hackers compromised its email service provider and used the access to send a fake security alert warning users about a supposed hardware flaw. The incident underscores the continuing operational risk around phishing campaigns targeting crypto wallet users, even when core custody systems remain intact.
Terence Tao Warns AI Is Outpacing Math Problem Solvers
Fields Medalist Terence Tao says artificial intelligence is now capable of flattening difficult math problems as soon as they are identified, underscoring how quickly frontier models are improving. The signal points to a broader acceleration in AI capability that could affect compute demand, infrastructure spending and adjacent crypto-linked AI narratives.
Consensys to Split MetaMask, Institutional Blockchain Units
Consensys plans to separate MetaMask from its Ethereum protocol and institutional infrastructure businesses, a move that could sharpen strategic focus and clarify valuation for each unit. The restructuring may also improve optionality around future financing, partnerships, or a potential public-market path.
DoubleZero Adds Kalshi Election Data Ahead of Midterms
DoubleZero has added Kalshi election market data, giving institutional and automated traders real-time access to political pricing ahead of the U.S. midterms. The move broadens the use case for prediction-market data as election-related trading activity builds.
Bitcoin Slips Below $80K as Yen Strengthens
Bitcoin failed to retake $80,000 as risk assets softened amid renewed geopolitical tension and growing concern that a stronger yen could pressure carry trades. The move tracked broader market caution after remarks from U.S. Treasury Secretary Scott Bessent added to expectations for yen appreciation.
U.S. Bank Tests Stablecoin in Stellar Cross-Border Pilot
U.S. Bank has tested a proprietary stablecoin, USBDC, in a cross-border transfer between its North American and European entities on the public Stellar blockchain. The pilot underscores how regulated banks are using public networks to test settlement speed, treasury efficiency and compliance controls.
TRM Labs Doubles Valuation to $2B in Series C Expansion
TRM Labs has doubled its valuation to $2 billion in a Series C expansion as annual recurring revenue has quadrupled over the past three years. The result underscores continued investor demand for blockchain intelligence and AI-driven compliance tools even as crypto market sentiment remains risk-on.
BitMart Misses Deadline, Names Adviser in Review
BitMart said it missed a roadmap deadline and appointed a financial adviser as it reviews operations. The exchange did not disclose asset figures or a timetable for withdrawals, adding uncertainty for users and counterparties.
10 Unsolved Crypto Mysteries That Still Shape Markets
A new look at 10 unresolved episodes in crypto underscores how fraud, missing assets and unexplained deaths continue to shape risk perception across the sector. The piece is more narrative than market-moving, but it reinforces why trust remains a core valuation issue in digital assets.
Germany Weighs 25% Crypto Tax Under 2028 Proposal
Germany's finance ministry is reportedly considering a 25% tax on cryptocurrency gains starting in 2028, a sharp shift from the current one-year holding rule that can make long-term crypto gains tax-free. The proposal could affect investor behavior in Europe's largest economy and add to regulatory pressure across the digital asset market.
Bitcoin SOPR Hits Longest Profit Run of 2026
Bitcoin’s spent output profit ratio has stayed above 1 for four straight weeks, signaling sustained realized gains even as one analyst warns downside risk remains. The reading complicates the bear-market narrative, but it does not yet confirm a durable trend reversal.
Block Seeks Bank Charter for Bitcoin Custody
Block has applied for a bank charter for Builders Bank, a move that would centralize bitcoin custody operations now spread across more than 50 state money transmitter licenses. The filing signals a deeper push by Jack Dorsey’s company into regulated financial infrastructure at a time when crypto firms are seeking clearer supervisory frameworks.
Mexico Seizes 300 Crypto Miners Tied to Dam Power
Mexican authorities seized 300 crypto mining rigs that were wired into a hydroelectric dam, a setup now under forensic review for possible money laundering. The case raises fresh concerns about energy theft, illicit financing and regulatory scrutiny around industrial-scale mining.
XRP $100 Target Faces Weak On-Chain Support
XRP’s long-term price targets are drawing attention, but current on-chain data do not support a move to $100. The key constraint is the limited value of tokenized assets on the XRP Ledger, which remains far below levels that would justify such a valuation.
Pi Network Protocol 27 Upgrade Set for Sept. 15
Pi Network plans to activate Protocol 27 on Sept. 15, a network upgrade that expands smart contract authentication and requires node operators to move to version 27.1. The update may improve application-level authorization, but its market impact will likely depend on execution, node compliance and developer adoption.
Malone Lam Pleads Guilty in $245M Crypto Theft Case
Federal prosecutors say Malone Lam admitted role in a $245 million cryptocurrency theft conspiracy that used social engineering and home break-ins to target holders. The case underscores persistent operational security risks for high-net-worth crypto investors even as broader market sentiment remains risk-on.
Crypto Market Update: Bitcoin Firms, Regulation Stays Active
Crypto markets held a constructive tone as greed remained elevated, with traders focused on Bitcoin resilience, regulatory developments and ongoing capital rotation across digital assets. The signal points to a market that is still risk-on, but sensitive to macro headlines and policy shifts.