A large whale account exchanged tokens on the Aave platform and, due to liquidity depletion and ignoring slippage warnings, ultimately lost $50 million and received only about 327 aEthAAVE. This incident was not caused by a system vulnerability or hacker attack, but was the result of the user confirming and executing the transaction themselves.

A large whale account exchanged tokens on the Aave platform and, due to liquidity depletion and ignoring slippage warnings, ultimately lost $50 million and received only about 327 aEthAAVE. This incident was not caused by a system vulnerability or hacker attack, but was the result of the user confirming and executing the transaction themselves.

Cardano has had a difficult time keeping up with the rest of the crypto market. During the most recent bull cycle, several major assets such as Ethereum, XRP, and Solana managed to break or approach their previous all-time highs. Cardano did not. ADA’s price stayed far below its 2021 peak

The New York Times Column Criticizes Cryptocurrency as Meaningless and a Hotbed of Crime; Wealth Editors Counter Its Biased View, Ignoring Adoption by Mainstream Financial Giants, and Express Disappointment that Media Tech Criticism Has Become a Cultural Battleground. New York Times Column Declares Cryptocurrency "Meaningless" ----------------- A recent column in The New York Times, authored by Ryan Cummings and Jared Bernstein, provocatively titled: "Cryptocurrency Is Meaningless, Even the White House Is Powerless," has sparked heated discussion within the crypto community. The authors, who previously served as economic advisors to the Biden administration, question that since October 2025, the global cryptocurrency market cap has lost nearly $2 trillion in wealth. They argue that this technology is useless beyond crime and fraud, and its economic benefits are even worse. Industry Invests Heavily

While high-and-mighty economists can claim that crypto and the tech behind it are useless and pointless, the reality is that the true value of crypto lies in its enabling forces rather than in its “Number Go Up” power. Not Pointless: Crypto Has an Enabling Power – but You Must Need It A recent

Ripple’s chief legal officer is challenging claims that cryptocurrency lacks real-world utility, pointing to rising U.S. merchant adoption and growing consumer reliance as evidence that digital assets are becoming embedded in everyday commerce. Ripple’s Legal Chief Challenges Media Narrative on

Federal Reserve Chair Neel Kashkari strongly questions the practicality of cryptocurrencies, believing they have yet to prove any value, and compares their potential to that of artificial intelligence. He criticizes stablecoins for not bringing substantial upgrades to the financial system and argues that their advantages mainly do not target American consumers, highlighting his skepticism towards cryptocurrencies and contrasting with the government's supportive stance.

Federal Reserve Chair Neel Kashkari strongly questions the practicality of cryptocurrencies, believing they have yet to prove any value, and compares their potential to that of artificial intelligence. He criticizes stablecoins for not bringing substantial upgrades to the financial system and argues that their advantages mainly do not target American consumers, highlighting his skepticism towards cryptocurrencies and contrasting with the government's supportive stance.

While the White House actively embraces cryptocurrencies, the Federal Reserve (Fed) has reportedly voiced strong opposition. Neel Kashkari, President of the Minneapolis Federal Reserve Bank, went on the offensive on Thursday, stating that cryptocurrencies, including Bitcoin and stablecoins, have yet to prove any "practical use." At the "2026 Midwestern Economic Outlook Summit" held in Fargo, North Dakota, Neel Kashkari compared the everyday practicality of artificial intelligence (AI) tools to cryptocurrencies. "Cryptocurrencies have been around for over 10 years, yet they remain useless," he said. In contrast, AI technology "has genuine long-term development potential for the U.S. economy." To support his point, he asked the audience on the spot: how many people in the past week have used ChatGPT or Gemini?

Minneapolis Fed President Neel Kashkari labeled cryptocurrency as "useless," expressing concerns about stablecoins' potential impact on traditional finance. He emphasized the challenges of converting digital assets into fiat currency and urged thorough questioning of crypto advocates' claims.