The crypto lobby has spent tens of millions of dollars more on Republican candidates and elections than on Democratic lawmakers. In the upcoming 2026 midterm elections, Americans will elect 35 of 100 Senate seats and all of the 435 voting seats of the House of Representatives. The cratering popularity of President Donald Trump’s administration, which polls show is the result of everything from the economy to the War in Iran and his handling of immigration, has put Democrats in an historic lead. The generic congressional ballot test, i.e., a poll that asks which party the respondent plans to support, recently showed that the Democrats had the largest mid-term lead of any party in the last 20 years. Read more
Bitcoin traders predicted a short squeeze to $80,000, but a lack of overall demand and the return of leverage sparked warnings of more liquidation events to come. Bitcoin (BTC) starts the final week of May with traders optimistic about an $80,000 rebound — will it end up as a liquidity grab? Bitcoin price action struggled over the weekend, dipping below $75,000 to its lowest levels since mid-April, per data from TradingView. A rebound then brought $77,000 back into focus in line with optimism around a US-Iran peace deal. Read more
Influence360 today announced the launch of its platform, introducing a new infrastructure layer for Web3 influencer marketing built around trust, data, and global execution. Influence360 introduces a campaign engine that enables Web3 projects to discover KOLs globally, execute structured campaigns, and track real performance across regions, languages, and channels. A benchmark study of 143 Web3 KOLs highlights major gaps in payments, access, and campaign infrastructure, providing context for the platform’s launch. May 25, 2026 — Influence360 today announced the launch of its platform, introducing a new infrastructure layer for Web3 influencer marketing built around trust, data, and global execution. Projects can discover web3 KOLs across 10+ languages and key platforms, including X, YouTube, TikTok, and Telegram; launch structured campaigns; and manage execution in one place with AI-powered optimization, smart contract escrow, and real-time performance tracking, enabling transparent payments and clear attribu...
A New York lawsuit seeks ownership of 39,069 dormant Bitcoin wallets, raising questions over lost crypto, private keys and property law. A New York lawsuit filed by Noah Doe and two Wyoming-based LLCs, ABC Company and XYZ Company, seeks a court order declaring ownership of 39,069 dormant Bitcoin addresses, raising important questions about the legal treatment of inactive Bitcoin under property laws. Filed on May 1, the suit claims that the coins tied to the listed addresses represent legally abandoned property they found and reported to the New York Police Department and claimed under New York lost-property law. The plaintiffs claim that the dormant Bitcoin wallets were legally “abandoned” property that they found, including wallets belonging to early Bitcoin miners and addresses attributed to Bitcoin creator Satoshi Nakamoto, among other lost coins and unidentified entities. They claim that these constitute seizable property, akin to traditional bank accounts. Read more
Georgia’s central bank released stablecoin rules in March covering reserve backing, issuer documents and external auditor verification. Stablecoin issuer Tether and the government of Georgia plan to launch a stablecoin called “GELT” that would represent the Georgian lari under the country’s digital asset regulatory framework. On Monday, Tether said the stablecoin is expected to support cross-border commerce and digital payments in Georgia. The company said GELT's structure, rollout and regulatory implementation will be announced at a later stage. The plan builds on Georgia’s recent efforts to develop rules for digital assets and stablecoins, including a framework covering reserve management, redemption rights, issuer oversight and Anti-Money Laundering compliance. In March, the National Bank of Georgia said it had developed rules for the initial offering of “stable virtual assets,” including requirements for full reserve backing, offering documents and external auditor verification. Read more
Chun Wang, who bankrolled and led a SpaceX flight over Earth’s poles, says he will head to Mars on SpaceX’s first manned mission to the red planet. Chun Wang, the Chinese-born Maltese entrepreneur who founded the Bitcoin mining pool F2Pool, has joined SpaceX’s first planned interplanetary mission to Mars after “purchasing” the mission. SpaceX announced Thursday that the two-year-long mission will explore beyond the moon, fly by Mars, and return to Earth. Wang has also bought a ticket for a planned weeklong commercial spaceflight around the moon that will launch before the Mars mission. “I believe that even without private investment in lunar flights, we will still reach the Moon, and likely very soon. As competition between the United States and China intensifies, governments will turn lunar bases into reality,” Wang said in a post on X on Friday. Read more