Latest from Nikhilesh De
Ripple injects $150 million into LMAX to push RLUSD stablecoin for institutions
The deal will see LMAX embed Ripple's $1.4 billion U.S. dollar stablecoin into the exchange's infrastructure.
Bank of America CEO says stablecoins could drain trillions in bank deposits
BofA CEO Brian Moynihan echoed other banks in warning that $6 trillion in bank deposits were at stake, even as he said the bank will “be fine.”
Crypto bill delay 'may ultimately be constructive' for final product, Benchmark says
Delayed markups could give Congress time to resolve issues that may determine how, and whether, institutions fully enter U.S. crypto markets, broker Benchmark said.
Senate Banking Committee cancels crypto market structure markup
The committee's Republican chairman, Tim Scott, had pushed for a quick process before it collapsed under the weigh of unfinished business.
New Polymarket bettor places $40,000 on U.S. striking Iran tonight
One trader went against the current trend of low chances for a strike tonight by placing the new $40,000 bet.
Coinbase pulls support for major crypto bill. Here's what it means for the industry
Coinbase's withdrawal of its support potentially derails market structure legislation, says an analyst, noting that it's bad for the crypto industry and good for the banks.
Senator Lummis says crypto market structure bill hearing may get postponed
The Senate Banking Committee may delay its hearing on the crypto market structure bill, originally scheduled for Thursday, Senator Cynthia Lummis told Bloomberg.
Coinbase pulls support from crypto market structure bill
CEO Brian Armstrong said there were "too many issues" with the bill.
Senate banking chairman Scott: Trump-tied ethics clash doesn't belong in his crypto bill
Senator Tim Scott, chairman of the Senate Banking Committee, told CoinDesk that he hopes to advance the crypto market structure bill, but some issues are unresolved.
FTX estate sets next creditor payout date as Genesis Digital Assets fights $1 billion clawback suit
FTX’s bankruptcy wind-down is still running on two tracks: returning money to creditors while trying to take it back from others.
