This work presents Die Datenkrake, an open source hardware USB peripheral for hardware analysis. Die Datenkrake is comprised of an ARM microcontroller and a Field Programmable Logic Array. The design of Die Datenkrake overcomes many limitations that are common to widely used embedded hardware analysis tools. The programmable logic makes it possible to add additional functionality to the ARM MCU such as additional I/O interfaces, support for proprietary protocols and realtime signal processing in hardware. This work also presents several example applications that can greatly benefit from utilizing such a platform versus standard tools.