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.

The cryptocurrency market experienced a positive trend throughout the weekend, with both sessions closing in the green. The memecoin group became the focus of attention, leading the overall market rally, including Useless Coin.

In brief Sam Altman’s late-night post about feeling “a little useless and sad” collided with widespread anxiety about AI-driven job displacement—and users wasted no time saying so. Replies skewered the mismatch between billionaire vulnerability and the real-world fallout facing workers

LinkedIn launches AI Skills Badge, allowing professionals to showcase their practical AI abilities on their profiles. This program collaborates with multiple AI application platforms to establish a skills verification mechanism, enabling companies to more effectively screen job candidates with AI expertise. The system emphasizes hands-on experience, reduces the emphasis on educational background, and offers AI courses to meet market demand.

Benjamin Cowen warns that many altcoins will likely crash, emphasizing the need for a cleansing phase in the crypto market. He argues that weak projects thrive on speculation rather than fundamentals and highlights the importance of capital allocation during market corrections.