Latest from Nikhilesh De
Tether confirms minimal EQIBank exposure following $89M US asset seizure
While Tether's stated ceiling places its maximum exposure under $64 million, the incident underscores lingering counterparty risks in fiat gateway networks.
New York sues Polymarket, alleging it is running an illegal gambling operation
The state wants to block Polymarket from operating without a gambling license and recover allegedly illegal gains.
U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins
The Fed proposed rules on putting last year's GENIUS Act into place with regulations, including those governing stablecoin yield programs.
Crypto exchange Bitget says $352 million affected in a hack, claims user funds are 'safe'
Bitget CEO Gracy Chen announced the hack shortly after independent researchers flagged unusual wallet movements.
Someone was trying to sell Ondo Finance after founder Nathan Allman's death
The company has vehemently denied that it was shopping for buyers. Allman’s estate declined to comment.
U.S. commodities firms can invest in tokenized assets, use blockchain records: CFTC
The U.S derivatives regulator is grinding away at further guidance that welcomes tokenization and blockchain recordkeeping as regular industry elements.
Kalshi says it is not being investigated by the CFTC over trading activity
The prediction market says unusual patterns in its ether perpetual market are the result of liquidity incentives.
White House adviser defends President Trump's crypto ties in wake of Clarity Act defeat
President Donald Trump's crypto adviser, Patrick Witt, accused Democrats of unfairly amplifying Trump's crypto ties as a political weapon.
Democrats 'chose visceral hatred for' Donald Trump over crypto Clarity Act, Lummis says
Senator Cynthia Lummis said the crypto industry should "pin it on the Democrats" in her first public remarks after last week's failed Clarity Act vote.
Crypto market structure can't wait for shot at post-election Clarity Act surge: White House
White House and U.S. Treasury officials agree that despite some hope that Congress' "lame duck" session could see the bill again, the work's in regulators' hands.
