Crypto-backed political action committees (PACs) are gearing up for the 2026 US midterm elections, with industry-funded groups signaling plans to expand their influence as debates over digital asset regulation intensify on Capitol Hill. Fairshake, the cryptocurrency industry-backed PAC, disclosed on Wednesday holding $193 million in cash on hand ahead of this year’s US midterm elections….
Bitcoin treasury company Strive (ASST) now has less debt and more bitcoin on its books after raising $225 million via an offering of its SATA preferred stock. With more than $600 million in orders, according to a press release, the offering was upsized from an initially targeted $150 million. The proceeds and exchanges enabled Strive…
Bitcoin BTC$88,841.00 traded little changed Wednesday after gaining yesterday as the dollar weakened. Ether ETH$2,988.15 gave up some of its gains. Instead, advances came from other parts of the altcoin market. Hyperliquid’s native HYPE token extended gains, adding 11% since midnight UTC, and Solana liquid staking token JTO$0.3888 surged 32%, its biggest one-day gain since…
Stablecoins are moving beyond crypto experimentation and into trusted financial infrastructure, OKX said, as it announced the launch of a new debit card in Europe. “Momentum is building fast,” Erald Ghoos, CEO of OKX Europe, told CoinDesk. “Regulators are putting real guardrails in place, major banks are not only taking them seriously for payments and…
Dogecoin edged higher over 24 hours but failed to build momentum, with late-session selling flipping short-term structure heavier and keeping price locked in consolidation. News Background Dogecoin traded largely as a proxy for broader crypto sentiment, with no token-specific catalyst driving price action. The session was defined by consolidation rather than conviction, as traders hesitated…
Tether’s new stablecoin, USAT, could pose the first serious challenge to Circle’s (CRCL) USDC in the U.S. market, analysts say — if it can win over institutions. Launched in partnership with federally chartered bank Anchorage Digital and Cantor Fitzgerald, USAT is Tether’s first attempt at a U.S.-regulated dollar token aimed at institutional users. Tether’s flagship…
The digital asset market is facing a critical fork in the road, according to crypto asset management firm Bitwise. In a Monday blog post, the investment manager warned that the stalling of the Clarity Act in Congress could shift the market from a speculative bull run into a grueling “show me” phase. The Senate Agriculture…
The native token of the BNB Chain, BNB, extended its recent advance, climbing more than 5% to $893 as it nears the $900 resistance level. The rally comes amid the debut of a physically backed BNB exchange-traded product (ETP) by crypto asset manager Virtune on Nasdaq Stockholm. The new product offers direct exposure to BNB…
Even as the U.K.’s crypto regulations work their way through the system, most of the country’s banks are still blocking their customers’ access to even registered crypto exchanges. The Financial Conduct Authority’s list of crypto asset companies, which certifies they meet the country’s anti-money laundering and terrorism financing regulations, now numbers 59, including exchanges like…
AVAX One, the digital asset treasury firm advised by SkyBridge Capital founder Anthony Scaramucci, saw its shares tumble more than 32% after it registered nearly 74 million shares held by insiders as available for sale. The company, which holds AVAX tokens and related Avalanche ecosystem assets, made the disclosure late on Tuesday. While the filing…
