Crypto Firms Spend $189M to Shape 2026 U.S. Elections

Crypto companies have contributed $189 million to influence the 2026 U.S. Election, making it the largest source of disclosed corporate spending. According to the Public Citizen report, the figure represents 37% of the $517 million in disclosed corporate election spending.  The report identified Ripple, Crypto.com, and Coinbase as the biggest contributors, with combined spending of $123.4 million. Ripple supplied $49.6 million, Crypto.com provided $38.6 million, and Coinbase added $35.2 million through the first quarter of 2026.  Fairshake and MAGA Inc. Capture $138.8M in Crypto Funding  Meanwhile, Gemini founders Tyler and Cameron Winklevoss contributed another $25.7 million. Their support raised total spending by the four major crypto groups to nearly $149 million.  Much of the industrys political funding flowed to two major super PACs. Fairshake received $82.6 million in crypto-related contributions, while Trump-aligned MAGA Inc. collected $56.2 million from companies connected to the sector.  Another political vehicle, the Cantor Fitzgerald-backed Fellowship PAC, received $10 million from the Wall Street firm, which also serves as a banking partner to stablecoin issuer Tether.  According to Public Citizen, these committees support or oppose candidates from either major party based on positions affecting the commercial interests of their corporate backers.  Additional contributions further expanded the sectors political reach. Blockchain.com supplied $5 million

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Ethereum: Can ETH avoid its first-ever 3-quarter losing streak?

Ethereum [$ETH] has struggled in recent quarters, but what stands out is the divide among major players. Is $ETH simply going through a rough patch, or is it about to fall further for good?  Ethereums first 3-quarter losing streak  Per the quarterly returns chart from CoinGlass, $ETH closed Q4 2025 in red and has continued to fall through Q1 and Q2 2026. If this quarter ends the same way, this would be Ethereums first-ever run of three consecutive negative quarters.  Source: Coinglass  $ETH has seen big corrections before, but it has usually recovers within the next quarter or two. This time, the sell pressure has lasted longer, so its more concerning for bulls.  Traders will probably stay nervous until $ETH recovery becomes obvious.  Blackrock sells, Bitmine buys  Source: Arkham Intelligence  What makes this peculiar, is that big institutions are not moving in sync. BlackRock has reportedly deposited more Bitcoin [BTC] and $ETH to Coinbase Prime and has sold $ETH for seven straight trading days. Its last $ETH buy was around two weeks ago.  Source: Arkham Intelligence  But on the other side, Tom Lee‘s Bitmine is still buying aggressively. The firm added another 27,084 $ETH, worth about $42.5 million, taking its total holdings to 5.7 million $ETH. That is around 4.72%

07-02

Landmark First: Coinbase Brings Stablecoin Funding to Europes Regulated Mutual Funds

Coinbase Payments Integration Enables $EURC and $USDC Subscriptions for Regulated Funds  Institutional investors in Europe can now subscribe to and redeem holdings in regulated money market funds using stablecoins after Coinbase (Nasdaq: COIN) revealed on June 30 that it had connected its Payments infrastructure with Spiko, a European fintech firm delivering tokenized exposure to short-term U.S. Treasury investments through regulated money market funds.  This development represents what the companies characterize as the first UCITS funds in Europe to accept onchain funding through Euro Coin ($EURC) and USD Coin ($USDC), bringing near-instant settlement capabilities.  Coinbase stated:  “In a landmark first for Europe, investors can now enter and exit a regulated mutual fund (UCITS) near-instantly using stablecoins.”  The crypto exchange explained that the service operates on Base, a layer-2 blockchain network created by Coinbase, and supports Spikos EU T-Bills Money Market Fund and Spiko US T-Bills Money Market Fund. The firms indicated that the setup permits investors to shift between stablecoins and short-term U.S. Treasury investments continuously, including weekends and holidays.  Stablecoin Payments Aim to Reduce Settlement Delays for Institutional Treasury Operations  The companies said that the new payment model goes beyond tokenizing investment products by improving how investors access and exit regulated funds. Coinbase portrayed stablecoin-backed treasury management

07-02

Crypto Firms Lead $517 Million Corporate Surge Into 2026 Midterms

Cryptocurrency companies have become the single largest corporate political spenders in the United States, pouring $189 million into the 2026 midterm elections — more than they spent during the entire 2024 election cycle — according to a new report from the consumer advocacy group Public Citizen.  The crypto sector accounts for 37% of the $517 million that corporations have reported spending on the 2026 midterms so far, a figure that already surpasses the previous record of $461 million set during the full 2024 cycle.  Months remain before Election Day.  The report, authored by Public Citizen researcher Rick Claypool and published June 30, draws on Federal Election Commission data and finds that corporations have now spent nearly one third of the $1.58 billion in total corporate election spending since the Supreme Courts 2010 Citizens United decision — all in a single election cycle.  Corporate super PACs pioneered by crypto  At the center of the spending surge is a category the report calls “corporate supremacist super PACs” — political committees structured not around party affiliation, but around advancing the interests of specific industries. The strategy, pioneered by the crypto sector in 2024, is now being replicated across multiple industries.  The primary crypto-aligned vehicle, Fairshake, has received $82.6 million

07-02

Bitso unveils the 'Hybrid Finance' era as stablecoins reshape global payments

MEXICO CITY, June 23, 2026 — Bitso Business, the B2B arm of Bitso, Latin Americas leading digital financial services company, used the stage of Stablecoin Conference 2026, Latin Americas largest gathering focused on stablecoins and digital payments, to unveil a vision of what it calls the next phase of financial infrastructure: the rise of “Hybrid Finance,” where traditional financial institutions and blockchain-native companies increasingly operate on shared rails.  The announcement comes amid accelerating institutional adoption of stablecoins globally. During the conference, Bitso released the second edition of its Stablecoin Landscape in Latin America report, revealing that stablecoin payment volumes processed by Bitso Business grew 81% year-over-year during the first half of 2026.  The report also found that more than 60% of all new institutional clients onboarded by Bitso Business this year were banks and financial institutions, significantly outpacing crypto-native firms and traditional enterprises. According to the company, the data reflects a structural shift in which blockchain infrastructure is moving from an alternative payment mechanism to a core component of modern financial services.  “Were entering an era of hybrid financial system where its no longer the TradFi world and the digital assets world, but it is just really a set of companies, individuals, businesses

07-02انڈسٹری

Magic Eden, Founders Sued by $ME Buyers Over Broken 'Utility' Promises

Three $ME token buyers sued Magic Eden and its four co-founders, alleging the company promoted the tokens use cases — multichain trading, governance, staking rewards, and revenue sharing — then delayed, diminished, or abandoned them, according to a class-action complaint filed in federal court in New York.  Jaime Pagan, Ariel Ruano and Chris Sadowski filed the suit on June 16 in the U.S. District Court for the Eastern District of New York against co-founders Jack Lu, Zhuoxun Yin, Sidney Zhang and Zhuojie Zhou, along with Euclid Labs Inc., which does business as Magic Eden, and the ME Foundation. The plaintiffs are represented by Max Burwick of Burwick Law, a firm that has brought several consumer class actions against crypto issuers.  $ME traded at about $0.056 on Tuesday, leaving it down roughly 99% from its post-launch high and giving it a market capitalization of about $34 million, according to CoinGecko data. The token slipped 3.8% over the prior 24 hours, compared with BTCs 2.4% decline.  The complaint, which cites prices as of its filing date, says the token reached about $5.63 on Dec. 11, 2024 — excluding a launch-day spike on thin liquidity — and had fallen about 98%, to roughly $0.12, by mid-June.  The

07-02

Robinhood rolls out public blockchain as it expands deeper into crypto

Beyond the Robinhood Chain ecosystem, the company announced several additional product launches and international expansion efforts. Robinhood said it is expanding perpetual futures trading in Europe to include commodities, ETFs and foreign exchange markets alongside crypto. It also plans to launch crypto trading in the U.K. and said its services are now available in Canada following its acquisition of WonderFi.  The company also unveiled Agentic Accounts for crypto, an AI-powered trading tool that will allow eligible U.S. users to connect AI models to Robinhoods trading infrastructure while retaining control over capital allocation and trading parameters.  “Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate,” Johann Kerbrat, Robinhoods senior vice president of crypto.  Robinhoods product push shows how the lines between crypto and traditional finance are continuing to blur. The brokerage has steadily expanded beyond stocks and spot crypto trading into tokenized equities, derivatives and event contracts, better known as prediction markets. That strategy fits into the race for the “everything exchange” to host all kinds of trading and financial activity under one roof, increasingly on top of blockchain rails.  At the same time, the company also said last month it would lay off 10%

07-02انڈسٹری

Today Was the Deadline for Crypto Exchanges in Europe to Obtain MiCA Licenses: Which Ones Got Them, and Which Ones Didnt?

The transition period under the European Unions comprehensive regulation of cryptocurrency markets, MiCA, ended today. Under the new regulations, cryptocurrency exchanges wishing to operate in Europe must obtain the necessary licenses and regulatory approvals.  With this process underway, exchanges that haven‘t received MiCA approval are reportedly starting to suspend some of the services they offer to their European users. Platforms like Binance, which haven’t yet completed the licensing process, may also impose service restrictions on millions of users in Europe.  Related News The Big Bears Take the Stage: Peter Schiff and Mike McGlone Comment on the Future of Bitcoins Price  The exchanges that have received MiCA approval and can operate in compliance with European regulations include the following platforms:  Coinbase, Crypto.com, Gate, OKX, Kraken, Bitstamp, Bybit, Backpack, Bitvavo, Bit2Me, Revolut, Bitpanda, Blockchain.com, Robinhood, eToro, Swissquote, MoonPay and Strike.  With the MiCA regulation, licensed activity, user protection, transparency, and oversight will come to the forefront in the European crypto market. The introduction of this regulatory framework is expected to strengthen the position of licensed platforms in the European market, while reducing the scope of activity for unlicensed exchanges in the region.  *This is not investment advice.

07-02

Ethereum Foundation lays out use cases for governments, institutions in new policy guide

To support its case, the report highlighted Ethereums technical track record, noting that the network has maintained uninterrupted uptime since launching in 2015. Citing a recent OpenZeppelin report, the foundation said Ethereum was secured by roughly $76 billion worth of staked ETH as of March 2026, while emphasizing its geographically distributed validator network, multiple independent client implementations and large developer ecosystem.  Beyond technical metrics, the report framed Ethereum as digital public infrastructure rather than simply a financial network. It pointed to existing deployments, including decentralized identity initiatives in Bhutan and Buenos Aires and Ethereum-based land registry projects in India, as examples of governments already experimenting with the technology.  The publication comes as governments around the world increasingly explore blockchain-based infrastructure for identity, asset tokenization and public records. The Ethereum Foundation said policymakers should distinguish between decentralized public blockchains and networks that remain controlled by corporations or foundations, arguing that governance structures will play a critical role in determining which platforms are suitable for long-term public sector use.  Read more: Ethereum gets a new nonprofit focused on institutional adoption

07-02انڈسٹری

Jefferies warns against buying the dip in Circle as Open USD raises new competition fears

Circle (CRCL) shares bounced 5% Wednesday after a 17% plunge, as investors are weighing whether the new Open USD stablecoin consortium backed by Stripe, Mastercard, Coinbase and BlackRock poses a lasting threat to the $USDC issuer.  Global brokerage Jefferies isnt convinced the selloff has fully priced in the risks, arguing that Circle faces mounting competitive pressure as banks, payment firms and fintechs increasingly launch their own stablecoins.  “Buy the dip? We wouldnt,” the firms analyst team wrote in a note to clients.  “CRCL headwinds are unlikely to ease,” analysts wrote, warning that competition could pressure $USDCs supply growth and market share.  The authors argued that Circle, which holds roughly 25% of the $300 billion stablecoin market, is moving into a more competitive phase. While $USDC benefited from an early lead after launching in 2018, Jefferies said new entrants now have something Circle lacked in its early years: large built-in distribution networks.  The launch of Open USD, backed by more than 140 companies including Stripe, Coinbase, Visa, Mastercard and BlackRock, points that shift. The consortium plans to share reserve income with participating companies, potentially making the platform more attractive to payment providers and fintechs.  Jefferies analysts also flagged Coinbases participation as a new risk. Circle derives about

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