‍Crypto PACs Amass $190M War Chest for 2026 Elections Political action committees representing the digital asset industry have raised over $190 million to influence the 2026 US midterm elections. Fairshake, the leading super PAC, secured $133 million in 2025, with major contributions from A16z, Coinbase, and Ripple. These funds support pro-crypto candidates across parties. The industry aims to advance the CLARITY Act, currently stalled in the Senate. This significant political spending marks a shift towards sector-specific super PACs to shape policy and ensure favorable legislation for digital assets in the US.
Cryptovka
Crypto PACs Amass $190M War Chest for 2026 US Midterm Elections
As the United States prepares for the 2026 midterm elections, political action committees (PACs) representing the digital asset industry have secur...
‍Citigroup Lowers Coinbase Price Target to $400 Amid Trading Volume Slump Citigroup has reduced its price target for Coinbase Global Inc. (COIN) from $505 to $400, citing concerns over stagnant trading volumes and slow legislative progress in the U.S. digital asset sector. The firm also lowered its 2025 net income forecast for Coinbase by 10% to $1.69 billion and anticipates a net loss of $2.64 per share for Q4 2025, partly due to mark-to-market impairments on crypto holdings and its investment in Circle. Despite the downgrade, Citigroup maintains a "Buy/High Risk" rating, viewing Coinbase as a potential long-term beneficiary of industry maturation, contingent on regulatory clarity and legislative catalysts.
Cryptovka
Citi Lowers Coinbase Price Target to $400 Amid Trading Volume Slump
Financial giant Citigroup has revised its outlook on Coinbase Global Inc. (COIN), lowering its price target from $505 to $400....
‍Trump-Linked Tokens Plunge Amidst Congressional Probe into World Liberty Financial Assets associated with the Trump family, including the TRUMP meme coin and WLFI token, have experienced a significant downturn. This follows a congressional investigation launched by Rep. Ro Khanna into World Liberty Financial's dealings with a prominent UAE royal family member. The TRUMP meme coin has fallen 95% from its January 2024 all-time high, trading at approximately $3.41. The WLFI token has also seen a substantial decline. The probe focuses on a $500 million investment deal and the shipment of AI chips to the UAE, aiming to clarify potential conflicts of interest and policy influence. This situation occurs amidst broader market pressures, including ETF outflows and general bearish sentiment in the digital asset space.
Cryptovka
Trump-Linked Tokens Plunge as House Probes World Liberty Financial
The cryptocurrency market is witnessing a significant downturn for assets tied to the Trump family following the initiation of a congressional...