Latest from Nikhilesh De
$1.6 billion Ether Machine SPAC deal collapses over unfavorable market
The Ether Machine, an ether treasury firm, currently has more than $1 billion in ether in its treasury.
Bitcoin, broader market flat as U.S.-Iran negotiations begin
The market rose over the week after a two-week ceasefire was announced, triggering a derivatives short squeeze that wiped out over $430 million in bearish positions.
Crypto perpetuals predict the direction of Wall Street’s Monday open with 89% accuracy, data shows
Over half (57%) of Monday market opens is s already reflected in crypto markets' perpetual futures products.
Crypto Clarity bill has 30% chance of passing this year, Wintermute’s Hammond says
Wintermute’s head of policy Ron Hammond pegs chances at 30%, citing political friction, stalled negotiations and shifting timelines despite signs of progress.
Bitwise files updated S-1 for Hyperliquid ETF as HYPE fund race heats up
HYPE has surged around 200% over the last 12 months. Other asset managers including Grayscale, 21Shares, and VanEck are also eyeing HYPE-linked ETFs.
Federal judge blocks Arizona from bringing criminal charges against Kalshi
Judge Michael Liburdi ordered Arizona not to bring any enforcement actions under state law against Kalshi, at least temporarily.
Star Xu calls CZ a ‘liar’ as founders of world’s largest crypto exchanges argue over past allegations
The dispute between the crypto exchange founders, which included a $1 billion wager from CZ, revives allegations dating back 11 years to Zhao’s time at OKCoin.
Kalshi now controls 89% of the U.S. prediction market as regulated trading takes over
As Kalshi captures a dominant 89% of the market, a high-stakes legal battle between federal regulators and individual states will determine if these platforms are treated as sophisticated financial tools or just another form of gambling.
Securitize names ex-SEC official Brett Redfearn as president ahead of public listing
Brett Redfearn joins as president as the firm works to build regulated infrastructure for tokenized assets.
U.S. Treasury to loop in crypto sector on hacker warnings shared with traditional firms
The Department of the Treasury announced it's letting crypto firms sign up for timely information-sharing on cybersecurity threats.
