Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, offered a blunt take on digital assets, arguing that cryptocurrencies, including bitcoin BTC$66,340.26 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 everyday utility of artificial intelligence (AI) tools
Robinhood’s (HOOD) testnet has logged four million transactions in its first week that its testnet chain is live, CEO of the investment platform Vlad Tenev said on X on Thursday. The Robinhood Chain, which focuses on tokenization and trading, comes at a time where centralized exchanges are looking to building their own blockchain infrastructure even
Anchorage Digital, the first crypto firm to get a U.S. banking charter, wants international banks to swap out correspondent banking relationships with a new service that offers U.S.-regulated stablecoin rails for non-U.S. institutions. The bank is launching what it calls “Stablecoin Solutions” to permit easy, cross-border movement of dollar-tied assets, combining “minting and redemption, custody,
Markets are processing a controlled yet persistent selloff as Bitcoin price today trades in a zone where bearish momentum meets growing contrarian interest. $BTC/$USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Summary 1. Market Thesis – Where We Stand Now 2. Higher Timeframe Bias (Daily – D1) Price vs EMAs (Trend Structure) RSI (Momentum
Oil isn’t supposed to be the story in 2026. The macro narrative powering “cuts soon, liquidity soon” trades relies on disinflation staying intact. However, Brent jumped 4.35% to $70.35 on Feb. 18, and WTI surged 4.59% to $65.19 after headlines revived the risk of a US-Iran conflict and Russia-Ukraine talks ended without breakthroughs. This isn’t
Bitcoin fell below $66,000 on Thursday following mixed US economic data. Initial jobless claims beat expectations, while the trade deficit widened sharply, fueling renewed risk-off sentiment in crypto markets. Crypto markets in general were watching today’s data release, which featured among the economic data expected to influence Bitcoin sentiment this week. Bitcoin Retreats Below $66,000
US trade deficit data came in heavy for December. The Commerce Department said the monthly gap hit $70.3 billion. That was $17.3 billion higher than November. Economists surveyed by Dow Jones expected $55.5 billion. The number beat that by a wide margin. For the full year, the trade deficit reached $901.5 billion. That was down