Author: Bhavesh Maurya

CFTC Says Gemini Enforcement Complaint Should Not Have Been Filed as Regulator Seeks Relief From 2025 Consent Order, Citing Evidence Concerns and Broader Shift in US Crypto Enforcement Standards The US Commodity Futures Trading Commission (CFTC) has filed a motion in the long-running action against crypto exchange Gemini, asking for relief from a previous judgment, arguing that the original complaint against Gemini should not have been filed under current standards. The joint motion was filed in the US District Court for the Southern District of New York and asks the court to lift an order granted in January 2025. The…

Crypto Expands Across 2026 FIFA World Cup Through Argentina Sponsorships, Prediction Markets, Fan Token Campaigns and FIFA’s Avalanche Blockchain Despite No Official Exchange Sponsor Deal as Digital Asset Firms Target Global Football Fans Before Tournament Crypto companies may not be listed among FIFA’s official sponsors for the 2026 World Cup, but they have built a strong presence around football’s biggest tournament. Rather than going through FIFA’s premier sponsorships, crypto companies are partnering with national teams, fan tokens, prediction markets, ticket sales and even blockchain technology to try to reach global football fans. As of now, none of the crypto exchanges…

Ondo Finance CEO Nathan Allman Dies Unexpectedly as Ian De Bode Takes Charge; Company Plans to Continue Tokenized Real-World Asset Growth Strategy On May 26, Ondo Finance’s founder and CEO, Nathan Allman, unexpectedly passed away, the company said in a post on X. The company did not disclose the cause of death.  After serving on Goldman Sachs’ digital assets desk, Allman started Ondo Finance in 2021. He is a graduate of Brown University; he also attended Stanford University and then proceeded to build Ondo as one of the top platforms in the tokenized real-world asset (RWA) space. “It is with…

Kraken Expands UAE Presence After VARA Approval as Dubai Strengthens Position Among World’s Fastest-Growing Regulated Crypto Markets with Rising Institutional Demand, AED Trading Access, and Broader Digital Asset Adoption Across the Middle East Region Crypto exchange Kraken is growing its Middle East footprint following the preliminary regulatory approval from Dubai’s Virtual Asset Regulatory Authority (VARA) for its parent company Payward Inc. This approval is another notable milestone in Dubai’s role towards becoming one of the world’s fastest-growing regulated crypto hubs. The approval paves the way for Kraken to proceed with the launch of regulated cryptocurrency services for both retail and…

Binance to Suspend ETH Deposits and Withdrawals for One Hour on May 21 as Exchange Continues Wallet Infrastructure Upgrades While Maintaining Full Ethereum Trading Services Across Spot and Futures Markets On May 21, the world’s top cryptocurrency exchange, Binance, will temporarily suspend the deposits and withdrawals of the Ethereum (ETH) wallet due to scheduled maintenance. The upgrade will take about an hour, during which the ETH trading services will remain fully functional, the exchange said. Binance Confirms Temporary ETH Transfer Suspension According to Binance, the maintenance will only impact ETH deposits and withdrawals on the Ethereum network. All trading pairs…

India’s Crypto Market Crosses 120 Million Users Despite 30% Tax as Parliament Begins Fresh Discussions on Regulation, Compliance, and the Future of Virtual Digital Assets (VDAs) Indian policymakers begin fresh discussions around regulation, taxation, and compliance for Virtual Digital Assets (VDAs). Despite being one of the world’s most strict tax regimes, India remains among the largest digital asset markets globally.  India has over 120 million crypto investors, while the country contributes around 12% of the world’s blockchain developer talent, according to industry estimates. India processed more than $260 billion in crypto-related transaction volume in recent years despite regulatory uncertainty and…

SEC May Allow Tokenized Stocks on Crypto Platforms as Onchain Equity Market Surges 29.68% to $1.4 Billion, While DTCC, Nasdaq, and ICE Accelerate Blockchain-Based Securities Infrastructure and Settlement Plans in 2026 The US Securities and Exchange Commission (SEC) reportedly is developing a new regulatory structure for tokenized stocks. Bloomberg reports that the SEC could create an “innovation exemption” that would allow blockchain-based versions of public company shares to be traded on crypto exchanges under a streamlined regulatory framework. The framework could give third parties the freedom to create stocks based on tokens without the need for explicit authorization from the…

Crypto Futures Liquidations Cross $468 Million as Ethereum Sees $257 Million Wipeout and Binance BTC Trading Volume Drops 75% From 2022 Levels Amid Weak Liquidity and Rising Market Volatility Over the last 24 hours, the cryptocurrency derivatives market experienced notable liquidations. The total liquidations in perpetual futures exceeded $468 million. The majority of the losses were attributed to leveraged bulls, while Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) also declined amid weakening momentum.  Liquidation data shows that over 90% of the positions that were liquidated were longs, indicating that there was overbought positioning ahead of the price correction. Ethereum Leads…

US CLARITY Act Advances in Senate as Over 40% of Americans Hold Digital Assets; Experts Say India Could Use Global Crypto Regulatory Models to Build a Balanced Framework for Its Expanding Digital Asset and Fintech Ecosystem The advancement of the US Digital Asset Market CLARITY Act marks a pivotal moment in global digital asset regulations, with industry leaders suggesting it could also influence how India develops its own digital asset framework. The long-awaited bill went closer to a full Senate vote after it was cleared by the Republican-led committee, with assistance from two Democratic senators. The legislation aims to clearly…

CLARITY Act Faces Critical Senate Vote as 309-Page Crypto Bill Hits Roadblock, Over 100 Amendments Filed and Bipartisan Negotiations Collapse Ahead of Key Committee Markup on SEC, CFTC, Stablecoins, Bitcoin Regulation, and Blockchain Developer Protections Negotiations on the Digital Asset Market CLARITY Act stalled just hours before the Senate Banking Committee’s markup. The collapse of overnight talks has made it more likely that the bill will come to the floor for a vote largely on partisan lines instead of the bipartisan breakthrough many industry leaders had hoped for. The CLARITY Act is a wide-ranging bill on the crypto market structure…