Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, offered a blunt take on digital assets, arguing that cryptocurrencies, including bitcoin BTC$67,091.12 and stablecoins, have yet to prove real utility. Speaking at the 2026 Midwest Economic Outlook Summit in Fargo, North Dakota on Thursday, he contrasted the daily utility of artificial intelligence (AI) tools […]
Fed’s Kashkari Says Crypto Is ‘Completely Useless’ Read More »
More progress was made, but no compromise deal has yet emerged after a meeting organized by the White House on Thursday to bring crypto insiders and bankers back to the table on US digital asset law, according to a post on social media X by attendee Paul Grewal, the chief legal officer at Coinbase. “The
Recent White House talks on stablecoin dividends make ‘progress’ with banks, no deal yet Read More »
Eric Trump doubled his $1 million price prediction for bitcoin BTC$66,898.17 and said he has never been more bullish during the World Financial Forum that took place at Mar-a-Lago. President Donald Trump’s younger son doubled down on his long-term optimism for bitcoin, calling it “one of the best-performing asset classes” of the past decade in
Eric Trump repeats the claim that bitcoin (BTC) is just beginning its path to $1 million Read More »
Blockfills, the crypto lender backed by trading giant Susquehanna, has suffered losses of about $75 million during the recent market downturn, according to two people with knowledge of the matter. Blockfills is now looking for a buyer, said one of the people, who spoke on condition of anonymity because the matter is private. Asked about
Susquehanna-backed Blockfills seeks sale after millions in loan losses Read More »
A Federal Reserve research paper praised the utility of prediction markets—specifically looking at Kalshi—for getting a real-time handle on economic policy. “Kalshi’s Forecasts of the Federal Funds Rate and [the U.S. Consumer Price Index] provide statistically significant improvements over fed funds futures and professional forecasters, all while providing continuously updated full distributions rather than sparse
US Federal Reserve researchers praise prediction markets Read More »
Robinhood’s ( HOOD ) testnet has logged four million transactions in its first week of its testnet chain being live, investment platform CEO Vlad Tenev said on X Thursday. The Robinhood chain, which focuses on tokenization and trading, comes at a time when centralized exchanges are looking to build their own blockchain infrastructure, even as
Robinhood (HOOD) L2 testnet logs 4 million transactions in first week Read More »
Bloomberg Intelligence’s Mike McGlone appeared to walk back his $10,000 forecast for bitcoin, instead highlighting $28,000, after being challenged on social media and accused of being an alarmist whose “nonsensical” forecasts put real capital at risk. Earlier this week, McGlone warned that collapsing crypto prices could signal broader economic stress and that bitcoin could return
McGlone moves bitcoin forecast to $28,000 after critics call $10,000 call ‘nonsense’ Read More »
The United Arab Emirates is sitting on about $344 million in unrealized profits from its bitcoin BTC$66,481.46 mining, according to onchain data from Arkham, making it one of the world’s most significant sovereign crypto games. Wallets linked to the UAE Royal Group currently hold around 6,782 BTC worth around $450 million. Excluding energy costs, Arkham
UAE sitting on $344 million in BTC mining profits, Arkham says Read More »
In Washington, the safest vote is often no vote at all, and the most convenient timeline is “next session.” But when it comes to the future of banking, financial markets and financial services, inaction is unacceptable. The US needs crypto regulatory clarity to compete and succeed in the digitally networked financial system of the 21st
Finish the job with the market structure of digital assets Read More »
Figure Technology Solutions (FIGR), the blockchain company led by former SoFi CEO Mike Cagney, is debuting a new, tokenized class of its stock that trades exclusively on blockchain rails that cut out traditional middlemen on Thursday, the firm told CoinDesk. The equity token, called FGRD, will be available on Figures Onchain Public Equity Network (OPEN),
Figur (FIGR) debuts its tokenized stock after a raised $150 million offering Read More »
