One year after Argentine President Javier Milei publicly backed the Libra meme coin, the fallout from what many call a massive rug pull continues to shake the crypto community. The controversial token launch triggered a global buying frenzy, ultimately leaving thousands of investors facing significant crypto losses and eroding trust in politically endorsed digital assets. Among those affected was Alfonso Gamboa Silvestre, a 25-year-old trader from Chile who lost $10,000 when Libras price collapsed. On February 14 last year, he saw a Telegram alert claiming that Argentinas president had...

Few cryptocurrencies spark as much debate as XRP. Critics across the crypto and decentralized finance (DeFi) space argue that XRP lacks real utility and functions primarily as a speculative digital asset. Meanwhile, its passionate community, often referred to as the XRP Army, believes XRP will play a central role in the future of global financial infrastructure. The reality lies somewhere in between. XRP does provide real-world utility, but its applications are more specialized than many assume. Launched in 2012, XRP is the native cryptocurrency of the XRP Ledger, a blockchain built...

Economist and longtime Bitcoin critic Peter Schiff has renewed his bearish outlook on Bitcoin, warning that the cryptocurrency could fall to $20,000 if it loses critical support near the $50,000 level. His comments come as global markets react to escalating geopolitical tensions, including reports that the United States military is preparing potential strike options against Iran. Bitcoin is currently trading around $66,000, significantly lower than its recent cycle highs. According to Schiff, a breakdown below $50,000 now appears increasingly likely and could trigger a deeper correction...

The White House is backing limited stablecoin rewards in the next draft of the Digital Asset Market Clarity Act, a major crypto market structure bill currently under negotiation in the U.S. Senate. According to sources familiar with the discussions, the updated language will move forward if Wall Street banks agree to the compromise framework. During a recent White House working session between banking representatives and crypto industry leaders, officials signaled that certain stablecoin rewards programs will remain in the legislation. However, the proposal would restrict rewards tied to...

Bitcoin (BTC) regained stability on Thursday, holding above the crucial $67,000 level after briefly dipping below $66,000 during early U.S. trading. The worlds largest cryptocurrency was recently trading near $67,238, marking a modest 1% gain over the past 24 hours. The move suggests that buyers are defending key technical support, even as broader crypto market sentiment remains cautious. The CoinDesk 20 Index underperformed, with major altcoins such as ether (ETH), XRP, BNB, dogecoin (DOGE), and solana (SOL) trading flat or slightly lower. The muted performance in alternative...

Progress was made this week on U.S. digital assets legislation, but no final compromise emerged after a White House-hosted meeting between crypto industry leaders and banking executives. The discussions, focused on advancing the Digital Asset Market Clarity Act, highlight ongoing tensions over stablecoin regulation and the future of crypto market structure in the United States. According to attendees, the meeting marked the third attempt to break a legislative deadlock that has slowed momentum for comprehensive crypto regulation. Ji Kim, CEO of the Crypto Council for Innovation, described the...

Eric Trump has doubled down on his bold $1 million bitcoin price prediction, reaffirming his long-term bullish stance on the worlds largest cryptocurrency during the World Financial Forum held at Mar-a-Lago. Speaking in an interview with CNBC, President Donald Trumps younger son described bitcoin as one of the best-performing asset classes of the past decade and emphasized his continued confidence in the crypto market. Calling himself a bitcoin maxi, Eric Trump highlighted bitcoins dramatic growth over recent years. He pointed out that just two years ago, bitcoin was trading near $16,000 and...

Blockfills, a Chicago-based crypto lender backed by trading giant Susquehanna, has reportedly suffered losses of approximately $75 million during the recent cryptocurrency market downturn. According to sources familiar with the situation, the firm is now exploring a potential sale as it works to stabilize operations. Blockfills declined to comment on the reported losses. The institutional crypto trading and lending platform recently suspended deposits and withdrawals, raising concerns across the digital asset industry. In a Feb. 11 press release, management stated it is actively engaging with...

A recent U.S. Federal Reserve research paper has spotlighted the growing importance of prediction markets, specifically Kalshi, as a reliable source for real-time economic forecasting. The study found that Kalshis market-based forecasts offer statistically significant improvements over traditional tools such as fed funds futures and professional economic surveys. According to the paper, Kalshis predictions for the federal funds rate and the U.S. Consumer Price Index (CPI) consistently outperformed other forecasting methods. Unlike traditional models that rely on periodic point estimates,...

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, delivered sharp criticism of cryptocurrencies during the 2026 Midwest Economic Outlook Summit in Fargo, North Dakota, arguing that digital assets like bitcoin and stablecoins have yet to demonstrate meaningful real-world utility. Speaking to attendees, Kashkari contrasted the rapid adoption of artificial intelligence (AI) tools with what he described as the limited practical use of crypto. He asked the audience how many had used AI platforms such as ChatGPT or Gemini in the past week, highlighting AIs growing role in...