Latest from Nikhilesh De
UniCredit warns Europe may struggle to contain crypto-bank crisis under MiCA rules
EU deposit insurance (up to €100,000) may not absorb stress from large stablecoin reserve accounts, unlike the full protection offered by U.S. regulators.
Sui blockchain suffers another network outage as transactions grind to a halt
This is the second time this year that the Sui network has suffered an outage.
VanEck launches first U.S. spot BNB ETF on Nasdaq
The ETF offers investors BNB exposure through traditional brokerage accounts without requiring them to directly buy or store the token.
Bit Digital bought $20 million ETH for first time since October before 15% plunge
The firm said it purchased 8,568 ether on May 11 at an average price of $2,334. Since then, ETH broke below $2,000, leaving the firm sitting at a $3 million unrealized loss.
U.S. CFTC files request to erase Gemini settlement that it no longer considers fair
The regulator went back to analyze the 2022 case and decided that it wouldn't have been pursued under current management and practices.
Google engineer insider-traded search results on Polymarket, Feds allege
The charges mark the second major arrest over insider trading on a prediction market.
The crypto industry’s massive political war chest is starting to lean Republican ahead of midterms
As crypto world notches political wins in Texas and beyond, some of its emerging political action committees ditch bipartisan approach for a Republican focus.
Wall Street gets new crypto rival after Texas bank completes regulatory pivot
By establishing a national charter under the executive branch, United Texas Bank said it intends to enable AI-driven payment rails to intercept global digital dollar volumes.
Elon Musk could become a top 5 corporate bitcoin holder if Tesla and SpaceX merge
CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
Block kicks off Cash App’s phased stablecoin roll out to its nearly 60 million users
An individual familiar with the matter told CoinDesk the stablecoin feature was rolled out to 25% of users already and by the end of the week, all users will have access.
