Author: WebDesk

Neel Kashkari shares a stark criticism of cryptocurrencies and stablecoins. The Fed President calls crypto utterly useless, stating that they lack real-world utilities. Kashkari also pointed out the inconsistencies of cross-border stablecoin payments.  Neel Kashkari, the Minneapolis Federal Reserve President, has taken a sharp stance against the crypto industry. In his latest statement, he addressed crypto assets as “utterly useless” and warned that they could pose risks to banking systems. Kashkari posited that cryptocurrencies failed to prove real-world value even after more than a decade of existence. He questioned the utility of crypto, including everyday payments, dismissing them as impractical.…

Bitcoin’s slide into the $60,000–$70,000 zone has lit up the usual “bottom” dashboards: extreme fear, washed-out positioning, and a cluster of indicators many traders treat as capitulation signals. But CryptoQuant contributor Mignolet says the market is missing the only thing that ultimately matters: a visible bid from dominant buyers. “What I emphasized in the $80K–$90K range still remains the same,” he wrote on Feb. 18. “Many indicators that market participants follow are pointing to a bottom and extreme fear. However, we do not see dominant players (whales) actually using this situation.” Mignolet’s core argument is simple: a bottom is not…

Luisa Crawford Feb 20, 2026 09:29 Hong Kong’s Currency Board confirms orderly HKD markets with exchange rate trading 7.7673-7.7900 against USD. Aggregate Balance steady at HK$54 billion. Hong Kong’s currency peg system operated without stress through Q4 2025, with the Hong Kong dollar trading in a tight band of 7.7673 to 7.7900 against the greenback, according to minutes from the HKMA’s Currency Board Sub-Committee meeting held January 12.The Monetary Base expanded to HK$2,040.65 billion by late December, with all changes fully backed by foreign reserves under Currency Board rules. The Aggregate Balance—a key…

XRP is in the spotlight as Germany’s leading financial entity Deutsche Bank, announced a partnership with Ripple to enhance its settlements with a blockchain ledger. The new payment infrastructure will be used for cross-border settlements, foreign exchange operations, and digital asset custody. This adds a new feather in the fintech’s cap, allowing it to solve monetary issues plaguing the industry.Blockchain technology-based payments are gaining predominance in the traditional financial sector. The ledger cannot be tampered with and remains foolproof once the data is registered. Any form of tampering with records is impossible due to the unique combination of cryptographic techniques.…

Trump Coin (Official Trump/TRUMP) is experiencing quite a price rally after the recent event held at the First Family’s Mar-a-Lago property. According to CoinGecko data, TRUMP’s price has rallied 2.1% in the last 24 hours, 7.4% in the last week, and 5.4% in the 14-day charts. TRUMP’s market cap has seen a significant rise after the recent rally. The project had dipped to the 97th-98th position, but has since risen to the 73rd spot. Despite the rally, TRUMP’s price is still down by 27.8% over the previous month and more than 79% since February 2025. Let’s discuss what’s next for…

Following the prior difficulty recalibration that occurred 2,016 blocks ago—roughly two weeks back on Feb. 7—the Bitcoin protocol has now delivered a sharp counterpunch. On Thursday, at block height 937440, mining difficulty climbed 14.73%, effectively wiping out the earlier steep reduction and reminding participants that in this arena, gravity is optional and reversals are swift. […] Credit: Source link

Minneapolis Federal Reserve President Neel Kashkari delivered a blistering critique of the cryptocurrency industry on Thursday, dismissing digital assets as “utterly useless” and characterized by “word salad” marketing rather than functional utility. Summary Kashkari argued that after over a decade, crypto has failed to provide a compelling use case for U.S. consumers, unlike AI tools which have seen rapid, practical adoption. He dismissed the “instant” cross-border payment narrative, noting that recipients must still pay high costs to convert crypto into local currency for daily essentials. The Fed official asserted that existing domestic tools like Venmo and Zelle already outperform stablecoins,…

Terrill Dicki Feb 20, 2026 05:37 ARB trades at $0.10 with RSI at extreme oversold levels (25.12). Technical analysis suggests potential 25-40% recovery to $0.125-$0.14 resistance zone within 4-6 weeks. Arbitrum (ARB) has experienced significant selling pressure, dropping 9.64% in the last 24 hours to trade at $0.10. However, technical indicators suggest the token may be approaching a potential reversal point, with extreme oversold conditions creating an opportunity for a relief rally. ARB Price Prediction Summary • Short-term target (1 week): $0.11-$0.115 • Medium-term forecast (1 month): $0.125-$0.14 range• Bullish breakout level: $0.14…

The White House signaled a potential breakthrough in the ongoing debate over stablecoin rewards during its latest closed-door meeting with banking and crypto industry representatives. The session, held on Thursday, marked the third round of negotiations tied to the Senate Digital Asset Market Clarity Act, a sweeping bill designed to establish clearer rules for U.S. crypto markets. What Happened Inside the Room?According to people familiar with the discussions, White House negotiators made it clear that some form of stablecoin rewards will remain in the next draft bill. The administration’s position represents a shift from earlier uncertainty and puts pressure on banks…

The Chainlink price in relief rally reveals the formation of a classic bearish continuation pattern called inverted flag. Chainlink acquired approximately 137,000 LINK tokens on February 19, 2026, marking its third purchase this month. The open interest associated with LINK futures contracts have reduced 43% since January, suggesting a significant drop in traders interest in the leverage market. LINK, the fifteenth largest cryptocurrency by market capitalization, showcased low volatility trading during Thursday’s U.S. market hours to trade at $8.6. A neutral candle formation in Chainlink price reflects the broader market uncertainty and lack of initiation from buyers or sellers to…