Bitcoin slipped from $77,000 to around $75,500 as Fed chair nominee Kevin Warsh told the Senate Banking Committee that Trump never demanded he cut rates — dampening expectations for near-term easing. Coinbase fell 5% and Robinhood dropped 3.5% in the session. Still, analysts at 21Shares note that Warsh has long argued the Fed keeps rates unnecessarily high, and a shift to a more proactive easing stance could push bitcoin back toward $100,000 in the second half of 2026. He also called digital assets "part of the fabric of our financial services industry."
Cantor Fitzgerald analysts say the market is treating Coinbase and Robinhood's recent trading slumps as old news, shifting focus to prediction markets as the next leg of growth. Robinhood has already built a $350M annualized revenue run rate from prediction markets in just 12 months, while Coinbase is scaling its Kalshi-powered offering across its entire user base. With volumes on pace to hit $240 billion in 2026 and potentially $1 trillion by 2030, both companies' massive retail distribution gives them a structural edge no pure-play platform can match.
With 500+ side events surrounding the main conference and 20,000+ attendees converging on Miami Beach, Consensus week is as much about what happens off the floor as on it. Backed by Mastercard, Fidelity, Stripe, Google, Solana, Circle, and more, the official event experience kicks off before the doors open and runs through closing night — including CoinDesk-hosted parties, networking dinners, and curated partner events. Miami in May also follows directly on the heels of the F1 Grand Prix and PGA Tour, keeping the city at the center of the global calendar for nearly two weeks straight.
