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According to data from Glassnode, US spot Bitcoin exchange-traded funds (ETFs) have recorded their largest balance drawdown of the current market cycle following the early October all-time high.Nonetheless, despite the recent outflows, the broader ETF picture still remains constructive.Bitcoin ETFs See Deepest Cycle Pullback as Balances Fall to 1.26 Million BTC Glassnode data shows that since October, US spot Bitcoin ETF balances have declined by roughly 100,300 BTC. At press time, total holdings stood at approximately 1.26 million BTC.The contraction reflects sustained net outflows, as investors have withdrawn capital from spot ETFs, leading funds to reduce holdings. According to SoSoValue, $1.6…

Fifty days into 2026, bitcoin is off to its worst start to a financial year on record, according to Checkonchain data. The asset is down 23% year to date, having fallen 10% in January and a further 15% in February.Bitcoin has never previously recorded back-to-back declines in January and February, according to Coinglass data. While there have been double digit drops in January in years such as 2015, 2016 and 2018, each of those was followed by a positive February. If losses hold, bitcoin is also on track for its weakest consecutive monthly performance since 2022.Checkonchain data shows that in…

Federal Reserve Bank of Minneapolis President Neel Kashkari delivered another pointed criticism of crypto while defending the Federal Reserve’s independence during remarks in Fargo, North Dakota, today. Speaking at the 2026 Midwest Economic Outlook Summit, Kashkari questioned the practical value of digital assets, stating that “crypto has been around for more than a decade and it’s utterly useless,” according to Bloomberg.  He contrasted crypto with artificial intelligence tools, which he said have demonstrated clear, everyday utility for consumers and businesses. Kashkari also dismissed the promise of stablecoins, arguing they offer little improvement over existing payment systems. “I can send any…

The White House has reportedly refocused talks between crypto and bank lobbyists on limiting how stablecoin rewards should be paid in the third meeting between the two groups over a crypto market structure bill.Crypto and banking industry representatives met at the White House on Thursday for the third time in 16 days to discuss stablecoin provisions that have stalled the crypto bill which the Senate is looking to pass.No agreement was reached on Thursday, but executives at Coinbase and Ripple said progress was made as one of the White House’s crypto advisers urged a trade-off to let third parties, such…

Rather than reacting to market drops, Paul Atkins signaled regulators are prioritizing crypto frameworks over price stabilization efforts. U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has said that regulators should not panic over falling crypto prices, pushing back against calls for emergency intervention as Bitcoin (BTC) slipped toward $66,000. The remarks signal the SEC’s intent to focus on structural rulemaking rather than market volatility, offering a roadmap for tokenized securities while dismissing short-term price action as irrelevant to the agency’s mission. Regulators Address Market Downturn With Policy Agenda Speaking at ETHDenver on February 18 with Commissioner Hester Peirce,…

Arizona moved closer this week to setting up a public reserve of cryptocurrency after lawmakers pushed a bill forward that names XRP among the tokens that could be held. The push came after a committee vote that cleared one of the early hurdles for Senate Bill SB1649, and the mention of XRP has already drawn attention from traders and public officials who track crypto policy. Committee Vote Moves Bill Forward According to reports, the measure won a 4–2 vote on February 16 and now heads toward the next steps in the chamber where it started. The vote came in a…

In brief UNESCO has projected that generative AI outputs could drive revenue losses of 24% for music creators and 21% for audiovisual creators by 2028. The report found digital revenues now make up 35% of creators’ income, up from 17% in 2018. Copyright lawsuits against OpenAI, Google, Meta, and Anthropic add to mounting legal issues over AI training practices. AI is poised to take a measurable bite out of the world’s creative economy, and the legal tools meant to protect artists are already showing their seams.UNESCO’s latest Re|Shaping Policies for Creativity report, a global monitoring study drawing on data from…

Short-term Bitcoin buyers are becoming cautious, and accumulation is slowing even as net positions stay positive. Bitcoin climbed above $126,000 in early October and recently crashed to $60,000 before a modest recovery near $68,000. Despite the brutal swing, many entities are still buying the asset, betting on a much-anticipated price appreciation. But a certain cohort of BTC holders has reduced this pace. Demand Deceleration Data shared by Alphractal revealed that the Short-Term Holder Net Position Change over 90 days is declining, despite remaining in positive territory. This means that while short-term holders are still accumulating Bitcoin, the pace of accumulation…

United States Federal Reserve policymakers discussed the possibility of interest rate increases last month, according to newly released comments from a January meeting.The minutes of the Federal Open Market Committee meeting from late January were released on Wednesday, revealing that some policymakers were mulling a rate hike due to stubbornly high inflation. Several participants indicated that they would support “the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels,” the minutes stated. Central bank policymakers voted to keep interest rates unchanged at 3.5% to 3.75% at their January meeting…

Bitcoin is on course to print its fifth consecutive weekly loss, which would mark the first such streak since March to May 2022, when bitcoin went down for nine consecutive weeks.As of Thursday Asia time, the largest cryptocurrency by market cap is already down roughly 3% on the week, below $67,000, according to CoinDesk market data, and leaving it vulnerable to another weekly red close. Macro pressures are adding to the technical weakness. According to the Wall Street Journal, the U.S. has amassed its largest concentration of air power in the Middle East since the 2003 Iraq invasion. While Washington…