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Crypto PACs Spend $2.7M in House Races Ahead of Upcoming Midterms

Fairshake’s political ecosystem is sharpening its focus on the 2026 midterm elections, with affiliated committees disclosing multi-million-dollar media spending less than a month before voters head to the polls. Federal Election Commission (FEC) filings reviewed in the period show Defend American Jobs and Protect Progress placing advertisements and funding direct-mail efforts to back candidates they view as supportive of pro-digital asset policy. According to FEC documents filed Saturday, the two Fairshake affiliates reported a combined $2.7 million in spending on media. The expenditures cover both advertising and production costs, directed at Democratic and Republican candidates running for U.S. House of Representatives seats in 2026. Key takeaways FEC filings show Defend American Jobs and Protect Progress together reported $2.7 million in media spending supporting 2026 House candidates. The disclosed spending included six-figure allocations for several incumbent members, includin...
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Crypto PACs Spend $2.7M in House Races as Midterms Approach

Fairshake’s political network is ramping up advertising ahead of the 2026 U.S. midterms, according to Federal Election Commission filings that detail millions of dollars in media spending by two PAC affiliates. The reports highlight how closely crypto-backed political spending is tied to candidates associated with clearer regulation for digital assets. On Saturday, FEC disclosures showed the PAC affiliates Defend American Jobs and Protect Progress together reported $2.7 million in expenditures on media and direct mail production supporting candidates for the U.S. House of Representatives during the 2026 election cycle. The filings come with less than a month until Election Day. Key takeaways $2.7 million in combined media and direct mail spending was reported by Fairshake affiliates Defend American Jobs and Protect Progress in FEC filings. Reported ad and mail production costs included $512,000 for California Rep. Pete Aguilar and $500,000 for New Jersey Rep. Josh Gottheimer. ...
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US Accounting Overhaul May Boost Corporate Demand for Stablecoins

A report backed by Stripe-focused blockchain venture Tempo argues that a proposed US accounting change could make stablecoins far more usable for corporate finance. If finalized, the Financial Accounting Standards Board (FASB) would allow certain stablecoin holdings to be treated as cash equivalents—potentially removing a key accounting friction point that has discouraged some companies from holding or deploying dollar-backed tokens. The proposal, discussed in an Accounting Standards Update examined by Tempo, targets how firms account for stablecoins on their balance sheets. Under current practice, even fully backed stablecoins may not count toward a company’s reported cash reserves, which can complicate liquidity measurements and loan covenant calculations. Key takeaways FASB’s proposed guidance could allow qualifying stablecoin holdings to be classified as cash equivalents, improving how they appear in corporate treasury reporting. Tempo says the key requirement is not the token ...
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Shib Price Bounces on Rising Support as Descending Resistance Restricts Rally

Approaching Key Trendline Convergence for Shib SHIB has reached a key technical point where support moves up and resistance moves down, creating a setup indicating price consolidation. However, neither buyers nor sellers have provided an indication about which way the price will move. In a chart shown by Terrarmy on X, the daily timeframe shows that the price is consolidating between the rising red support line and the descending yellow resistance line. This technical setup indicates a bounce after a period of decline during July, from lows of $0.0000035 to rally in August to highs of $0.00000620. From there, SHIB failed to move up as it has been capped by the upper boundary. However, the rising support line means that the buyers have defended higher lows over time. A breach of the support line could signal a reversal of the rally. Price Appreciation Comes Hand in Hand With Reduced Trading Volume SHIB was traded at $0.000005448, appreciating by 2.03% within 24 hours. The intraday price...
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Bitcoin Miners See Rising AI-Related Funding Costs as Lenders Tighten Scrutiny

Bitcoin miners pushing deeper into artificial intelligence and high-performance computing are running into a financing reality that looks very different from their earlier playbook: lenders are increasingly selective about how data center projects are structured, funded, and de-risked. According to a recent Miner Weekly newsletter from BlocksBridge Consulting, landing major AI customers is only one part of the equation. Miners and AI infrastructure developers still need to raise billions to buy computing hardware, build and equip facilities, and secure the power capacity required to deliver on contracted performance. Key takeaways BlocksBridge says large lenders are basing data center loan approvals more on the customer, contract terms, and the “path to completion” than on the general promise of future demand. IREN’s reported GPU and infrastructure financing illustrates how borrowing costs can diverge sharply across different projects within the same company. AI-focused financin...
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Bitcoin Falls 2.2% as Ukraine-Iran Oil Spike Pushes Prices Higher

Bitcoin slipped back from an early-week high as geopolitical tensions around energy supply resurfaced and traders braced for a pair of major US inflation releases. After trading as high as $84,254 on Bitstamp—its strongest level since Wednesday—BTC/USD gave back as much as 2.2% into the start of the New York session. The pressure was tied to renewed concerns over oil markets and the risk that disruptions linked to the Russia-Ukraine war could spill into energy infrastructure, just as traders are watching US CPI and PPI for fresh direction. Key takeaways BTC hit about $84,250 before retreating up to 2.2% during Monday’s Wall Street open. Oil benchmarks rose sharply, with Brent climbing above $107 for the first time since Sept. 16. Analysts highlighted that oil may have priced in a “too large” risk premium, even as volumes remain impaired around the Strait of Hormuz. Bitcoin options activity looked mixed: traders leaned “defensively,” but structure suggested an upside breakout re...
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Ledger Trial Shows Bitcoin ETFs as Custody Alternative to Hardware Wallets

Recent disclosures about compromised Bitcoin hardware wallets have reignited a familiar debate in the industry: how safe are self-custody devices compared with holding Bitcoin through exchange-traded funds (ETFs). The discussion comes after investigations into wallet exploits affecting cold-storage brands, including a Ledger case involving unauthorized hardware modifications. As the public conversation expands, prominent voices argue that the answer is less about whether hardware wallets can be secure—and more about how threats are modeled, how devices are configured, and what trade-offs investors accept when choosing between personal custody and managed products. Key takeaways Ledger-related findings highlight a new class of risk: compromised hardware can shift the threat model beyond typical user errors and software vulnerabilities. ETF advocates frame “enhanced security” as part of the product value proposition , especially for large holders who move assets to specialists. Bl...
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