Crypto PAC spending surges ahead of US midterms
Crypto industry political spending has surged to record levels ahead of the 2026 US midterm elections as major digital asset firms intensify efforts to shape future regulation in Washington.
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Crypto industry political spending has surged to record levels ahead of the 2026 US midterm elections as major digital asset firms intensify efforts to shape future regulation in Washington.
Chaos Labs said its oracle infrastructure remained secure following an attempted cyberattack over the weekend that the company believes may have been linked to a nation-state actor.
COTI demonstrated a solution to Yao’s “Millionaires’ Problem” on Ethereum’s Sepolia testnet using Garbled Circuits technology, marking a milestone for private computation on public blockchain infrastructure.
World Liberty Financia said the Trump family remains actively involved in the crypto company after rumours circulated online suggesting the family had quietly exited the project.
BNB Chain saw explosive growth in tokenised China-linked equities and ETFs during 2026 as investors increasingly embraced blockchain-based access to traditional financial assets.
South Korea confirmed plans to implement a 22% tax on cryptocurrency profits from January 1, 2027, ending years of delays and political debate surrounding digital asset taxation.
Solv Protoco said it will migrate more than $700 million in tokenised Bitcoin infrastructure from LayerZero to Chainlink CCIP following heightened concerns around cross-chain bridge security.
Block Inc. shares climbed nearly 8% in after-hours trading after the payments company delivered stronger-than-expected first-quarter earnings despite reporting its first quarterly loss in three years.
Polygon reduced its average block time to 1.75 seconds, marking the network’s first block-time reduction since launch as it accelerates its push into stablecoin payments and institutional settlement infrastructure.
Kalshi reached a $22 billion valuation after securing $1 billion in fresh funding, highlighting growing investor appetite for prediction markets and event-based trading platforms.
Strategy received support from Bitcoin advocate Samson Mow after company co-founder Michael Saylor suggested the firm may eventually sell portions of its Bitcoin holdings.
CoinShares said institutional investors are steadily increasing exposure to digital assets, with Bitcoin remaining the dominant allocation preference among professional fund managers.
Binance reportedly faced renewed pressure from the US Treasury Department over compliance obligations tied to the crypto exchange’s 2023 settlement with US authorities.
Coinbase vice president of US policy Kara Calvert said the CLARITY crypto market structure bill could move to a Senate Banking Committee markup as early as next week.
Crypto companies are increasingly pursuing US bank charters as the industry shifts toward regulated financial infrastructure and closer integration with the traditional banking system, executives said at Consensus Miami 2026.
Payward agreed to acquire Hong Kong-based Reap Technologies for up to $600 million as the Kraken parent company expands deeper into stablecoin payments and business infrastructure services.
Bridge and Deus X Capital executives said large corporations and AI-powered payment systems are likely to drive the next major phase of stablecoin adoption across global finance.
Memecoin traders fuelled speculation around hantavirus-themed crypto tokens after some users on X suggested a potential virus outbreak could trigger another retail-driven trading surge similar to the crypto boom seen during the COVID-19 pandemic.
Ethereum saw its share of total decentralised finance value locked fall below 54%, marking its lowest level since May 2025 as rival blockchain ecosystems continued gaining traction.
Coinbase reported a second consecutive quarterly loss after posting a $394 million net loss for the first quarter of 2026 amid weaker crypto trading volumes and softer market conditions.
The Bank of England signalled it may revise parts of its proposed stablecoin framework after backlash from crypto companies and digital asset advocates who warned the rules could undermine the competitiveness of sterling-backed stablecoins.
Political action committees linked to crypto-backed Fairshake spent roughly $7.2 million supporting congressional and Senate candidates in Georgia, Alabama, Nebraska, Kentucky and Texas ahead of crucial US primary elections.
South Korean cryptocurrency exchange Bithumb has partnered with SSI Digital to pursue opportunities within Vietnam’s upcoming regulated digital asset exchange framework.
Developers behind the NEAR Protocol warned that future quantum computing attacks could create a broader ownership verification crisis across blockchain ecosystems beyond simply compromising private keys.
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