Author: Kryptonews

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. In an announcement shared with Cointelegraph, Fairshake spokesperson Josh Vlasto said the PAC had received $25 million from Ripple Labs and $24 million from a16z in addition to a $25 million contribution from cryptocurrency exchange Coinbase in 2025. According to Vlasto, these donations contributed to Fairshake having…

Hyperliquid’s native token, HYPE (HYPE), is up 23% over the last 24 hours to trade at $33, significantly outperforming other top-cap cryptocurrencies. The altcoin has gained 58% over the last three days to an eight-week high of $34.5 as commodities trading on Hyperliquid surged to new highs.Key takeaways:HYPE has surged over 57% in 72 hours, driven by high commodities trading on Hyperliquid HIP-3 DEXs.HYPE price breaks out of a multimonth downtrend, eyeing $50 next. HYPE’s open interest jumps nearly 50%HYPE’s rally over the last few days has been accompanied by significant liquidations across its derivatives market. According to data from Coinglass,…

The US Holocaust Memorial Museum pushed back against Minnesota Governor Tim Walz this week after he compared victims of ICE raids in his state to Anne Frank, a Jewish girl who was killed in a concentration camp during the Holocaust. Following the killing of Alex Pretti in Minneapolis by Border Patrol agents over the weekend, Walz held a press conference in which he said, “We have got children in Minnesota hiding in their houses, afraid to go outside. Many of us grew up reading that story of Anne Frank. Somebody’s going to write that children’s story about Minnesota.” Related Articles…

US lawmakers are expected to return to Capitol Hill on Wednesday after inclement weather delayed committee meetings and votes, with attention turning to how senators will handle proposed amendments to a long-awaited crypto market structure bill.On Thursday, senators on the Senate Agriculture Committee are scheduled to meet for a markup on the Digital Commodity Intermediaries Act (DCIA), a bill to establish a digital asset market structure framework. The markup is one of the first attempts by the chamber to advance market structure legislation amid the Senate Banking Committee postponing its markup after Coinbase pulled its support for the bill.Among the…

Dubai Insurance has launched a crypto-enabled digital wallet that allows policyholders to pay insurance premiums and receive claims settlements in digital assets.The wallet is designed to support the receipt of premiums and the payment of insurance claims in digital assets and is built on institutional custody infrastructure provided by Zodia Custody. The company said the wallet operates within existing regulatory and compliance frameworks in the United Arab Emirates (UAE), and described it as the first such offering in the country’s insurance sector.Zane Suren, managing director for commercial, Middle East and Africa at Zodia Custody, said as digital asset adoption accelerates,…

Key points:Bitcoin is facing resistance at $90,500, but a positive sign is that the bulls have kept up the pressure.Several major altcoins are attempting to start a recovery, but are expected to face selling at higher levels.Sellers are attempting to maintain Bitcoin (BTC) below the $90,500 level, but the bulls continue to exert pressure. Fundstrat managing partner Tom Lee said on CNBC that cryptocurrencies should rise on a weaker dollar, but traders have responded by continuing to pile into gold and silver. Lee suggested that crypto is likely to catch up after the gold and silver rally takes a break.Market…

Binance founder Changpeng “CZ” Zhao has pushed back against growing criticism on social media after a short comment about “buy and hold” investing sparked renewed debate over market losses, exchange responsibility, and his influence on crypto markets. The controversy traces back to a post Zhao shared on January 25, in which he said that, based on his experience, few trading strategies outperform a simple “buy and hold” approach, adding that it was not financial advice. I've seen many different trading strategies over the years, very few can beat the simple "buy and hold", which is what I do. Not financial…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum co-founder Vitalik Buterin says he made $70,000 trading prediction markets on Polymarket last year, not by chasing hot narratives, but by fading what he calls collective “madness.” The Ethereum co-founder framed the profit as a function of behavioral reflexes in thin, hype-prone markets, and used the conversation to surface a separate concern: oracle fragility in real-world event settlement. Here’s How Ethereum’s Buterin Netted $70,000 In an interview posted by Foresight News reporter Joe Zhou on X, Zhou asked whether Buterin still used Polymarket after being active…

Pennsylvania Governor Josh Shapiro filed an amicus brief on Tuesday in support of the City of Philadelphia’s lawsuit against the Trump administration’s removal of an exhibit about slavery at the Independence National Historical Park in Philadelphia. That exhibit, entitled “Freedom and Slavery in the Making of a New Nation,” served as a memorial to the nine enslaved people who worked at the President’s House Site, where George Washington lived for the majority of his presidency. (The White House wasn’t completed until 1800, during John Adams’s presidency.) Other panels of the exhibit discussed the slave trade and slave economy, according to…

The European Union’s new cryptocurrency tax reporting framework is built around what governments can immediately enforce, leaving decentralized finance (DeFi) outside its scope for now.A former Organization for Economic Co-operation and Development (OECD) official who worked on the Crypto Asset Reporting Framework (CARF) said that this gap is a deliberate focus and not a blind spot.“It doesn’t make sense to go to your grandma and ask her to give you all the tax reporting on crypto just because you happened to work with her over a certain period,” Colby Mangels, Taxbit’s global head of government solutions and a former OECD…