The Fellowship PAC, launched in August, said it had “over $100 million” from unnamed sources to support the White House’s digital asset strategy. A new political action committee (PAC) focused on backing “pro-innovation, pro-crypto candidates” in the United States has launched with $100 million. In a Monday X post, the Fellowship PAC said it had launched “with over $100 million” from unnamed sources as part of efforts to support the Trump administration’s digital asset strategy. The PAC said it aimed to support specific candidates for federal office and prevent an “exodus of talent and entrepreneurs” from crypto companies in the US by helping provide regulatory clarity. Read more
Bitcoin’s $113,000 zone emerges as a critical support with new investors absorbing whale supply, hinting at one of the last discounts before new highs. Key takeaways: Bitcoin could retest the $111,000–$113,000 zone, mirroring the breakout structure seen in Q2. The URPD metric shows 5.5% of BTC supply clustered between $110,000–$113,000. Read more
The brokerage is seeking SEC approval for Robinhood Ventures Fund I, which would trade on the NYSE and expose retail investors to private companies. Brokerage firm Robinhood is planning a closed-end fund that would give retail investors access to its venture capital portfolio — a space traditionally reserved for institutions and high-net-worth individuals. The brokerage disclosed Monday that it has filed a Form N-2 with the US Securities and Exchange Commission (SEC) to register shares of the Robinhood Ventures Fund I (RVI), which will be managed by its new subsidiary, Robinhood Ventures DE. If approved, shares of RVI will be listed on the New York Stock Exchange, where they can be bought and sold through participating brokerage platforms. Read more