Finance
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SKN | Fed’s Neel Kashkari Slams Crypto as ‘Useless,’ Questions Stablecoin Utility Amid Regulatory Crossroads
Minneapolis Federal Reserve President Neel Kashkari reignited debate over digital assets this week, calling cryptocurrency “utterly useless” and dismissing stablecoins as little more...
SKN | Mike McGlone Revises Bitcoin Bear Case to $28,000, Easing $10,000 Call Amid Market Pushback
Bloomberg Intelligence strategist Mike McGlone has moderated his previously controversial $10,000 bitcoin downside target, now suggesting a more tempered floor near $28,000 following...
SKN | Crypto ETF Flows Diverge: Bitcoin, Ether and XRP Funds See Outflows as Solana Attracts Fresh Capital
Exchange-traded funds tracking bitcoin, ether, and XRP recorded renewed net outflows this week, while Solana-linked ETFs moved in the opposite direction, drawing fresh...
SKN | Trump-Linked WLFI Jumps 10% on Major Stablecoin Partnership, Outpaces Bitcoin and Ether
Key Points • WLFI climbed around 10% after a $3.5 trillion asset servicer announced plans to pilot World Liberty Financial’s USD1 stablecoin for...
SKN | Hanwha Invests $13M in ‘Seedless’ Crypto Wallet Developer to Expand Tokenization Push
Key Points • Hanwha Investment & Securities committed roughly $13 million to U.S.-based wallet infrastructure firm Kresus. • The funding will accelerate enterprise-grade...
SKN | Barry Sternlicht Says Starwood Is Poised for Asset Tokenization but Held Back by U.S. Rules
Key Points: Barry Sternlicht said his firm is prepared to tokenize real-world assets but faces regulatory roadblocks in the United States. Starwood Capital,...
SKN | OpenAI Launches EVMbench to Stress-Test Smart Contract Security, Bringing AI Into Crypto’s Risk Stack
OpenAI, led by Sam Altman, has introduced EVMbench, a benchmarking framework designed to evaluate whether advanced AI models can reliably detect vulnerabilities in...
SKN | Bitcoin Slides to $66,000 as Fed Minutes Signal Potential Rate Hike, Pressuring Risk Assets
Bitcoin fell to approximately $66,000 after the latest Federal Reserve minutes revealed that policymakers discussed the possibility of additional rate hikes should inflation...
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SKN | Ethereum Accumulation Intensifies as Whale Buying and ETF Inflows Fuel Recovery Narrative
Ethereum (ETH) is attracting renewed institutional and large-holder interest as on-chain data points to sustained accumulation while the cryptocurrency trades near $1,963, up...
SKN | Crypto’s 24/7 Markets Are Reshaping How Wall Street Traders Approach the Weekend
The rise of 24/7 cryptocurrency trading is challenging one of Wall Street’s longest-standing conventions: that markets pause on weekends. As digital assets continue...
