#cryptocurrency

Crypto and AI super PACs spent $250 million on the midterms. In the races where their money could actually make a difference, nearly two-thirds of it backed candidates who lost. You wouldn’t know it from what the industries are saying. New issue: https://www.citationneeded.news/crypto-ai-lost-the-midterms/ #crypto #cryptocurrency #AI #ArtificialIntelligence #USpolitics #USpol #CitationNeededNewsletter

Fairshake is touting a 92% win rate. But this is only because it bet on 74 nearly guaranteed wins — out of the 18 competitive seats Fairshake spent in, its candidate won just 8. About half of its $155 million in spending backed losers. The biggest loss was crypto’s unsuccessful $64 million in spending to keep Sherrod Brown out of the Senate. Brown may now chair the Senate Agriculture Committee, which oversees the CFTC: the regulator crypto has spent years trying to put in charge of itself. #crypto #cryptocurrency #USpolitics #USpol #CitationNeededNewsletter

Maybe the crypto PACs will chalk up their losses to the Democratic wave. But they made little effort to hedge against it — 3/4 of crypto’s spending backed Republicans, and most Democratic spending was in primaries. #crypto #cryptocurrency #USpolitics #USpol #CitationNeededNewsletter

Despite the crypto industry’s public claims of widespread public support, their admakers clearly understand that being “pro-crypto” is not a winning message. Out of the 57 ads I tracked from crypto super PACs, only 3 mentioned crypto (obliquely). AI-focused super PACs were more willing to mention their industry, but not in a good way. Most mentions came from “AI safety” PACs warning about the harms of AI, or from Leading the Future bashing Alex Bores for his history in the tech sector. https://influence.citationneeded.news/2026/analysis/ads/library #crypto #cryptocurrency #AI #ArtificialIntelligence #USpolitics #USpol #CitationNeededNewsletter

Most crypto and AI ads avoided mentioning their industries at all, instead telling voters what they thought they’d want to hear. One “AI safety” PAC network ran “remove the illegals, seal the border” ads for a Republican and “overhaul ICE” ads for a Democrat a few hours away. #crypto #cryptocurrency #AI #ArtificialIntelligence #USpolitics #USpol #CitationNeededNewsletter

AI and crypto both declared victory, despite their objectively poor performance. Both have vowed to spend heavily in 2028, and are still hoping to intimidate lawmakers with the dominance they failed to demonstrate. But before then, AI and crypto will both have to try to backtrack on their strong rightward turn over the past few years, lobbying a Democratic Congress. More on that pivot coming soon. #crypto #cryptocurrency #AI #ArtificialIntelligence #USpolitics #USpol #CitationNeededNewsletter

Live: ASX to fall as Nvidia shares tumble following CEO exit By Adelaide Miller and Lin Lin Australian shares are poised to open lower after Nvidia shares tumbled following CEO Jensen Huang's resignation. Follow the day's events and insights from our business reporters on the ABC News live markets blog. https://www.abc.net.au/news/2026-11-13/asx-markets-business-news-live-updates-nov-13/107337368 #StockMarket #FinancialMarkets #Currency #CompanyNews #BusinessEconomicsandFinance #EconomicTrendsandIndicators #Cryptocurrency #AdelaideMiller #LinLin

Former House Financial Services Chair Patrick McHenry says the crypto industry "had an opportunity to legislate". Could've sworn that was Congress's job. #USpolitics #USpol #crypto #cryptocurrency

PSA: It’s journalistic malpractice to quote a tech super PAC claiming a voter mandate because its candidates won “29 of 32” general election races without checking how many of those races were competitive. (Pictured: Fairshake’s “victory”, where 81% of their money backed candidates who lost) #crypto #cryptocurrency #USpol #USpolitics

If you spend $200K each on ads that never mention crypto for 9 candidates who were guaranteed to win, and $64M on one competitive race which your candidate loses, you don’t get to claim your “90% win rate” proves Americans support your industry’s political goals. #crypto #cryptocurrency #USpol #USpolitics

Crypto and AI super PACs spent $250 million on the midterms. In competitive races, their candidates got clobbered: nine losses out of 12 called so far, including Ohio, where crypto spent $64 million and still couldn’t beat Sherrod Brown. https://www.citationneeded.news/2026-election-results/ #crypto #cryptocurrency #AI #artificialIntelligence #USpol #USpolitics #midterms

Crypto- and AI-focused super PACs have poured nearly $250 million into this year’s elections. Tonight we find out what it bought. Here’s my guide to the races to watch, where the money went, and which results could embarrass the industry: https://www.citationneeded.news/2026-election-guide/ #crypto #cryptocurrency #AI #ArtificialIntelligence #USpol #USpolitics #citationNeededNewsletter

Binance hasn’t REcovered $6B+, it’s COVERING it (reimbursing customers from company funds). Some was frozen, but Binance is not likely to recover even half. Bad headlines like this are a big part of why I started covering crypto. Generalist reporters on deadline far too often end up repeating company spin. #crypto #cryptocurrency #journalism

North Korea’s timing was inconsiderate; I’m in the middle of an election night guide to crypto and AI super PAC spending (subscribe to get it before Tuesday!). But I wrote up a primer on the Binance hack, answering questions I’ve gotten about North Korea: https://www.citationneeded.news/its-always-north-korea/ #crypto #cryptocurrency #binance #NorthKorea #DPRK

Oh dear. I see some crypto investors have had their precious crypto beans stolen. https://www.bbc.co.uk/news/live/cqrmynd3042gt #Crypto #CryptoCurrency #Binance #BinanceHack

Updated: Binance estimates its losses at ~$3B+, making this the largest exploit in crypto history — twice the size of 2025’s Bybit hack, now in second place. Binance blames a compromised devops laptop. North Korea, also behind Bybit, is the suspected culprit. https://www.citationneeded.news/binance-theft/ #binance #crypto #cryptocurrency

I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out $1.5–$3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company. https://www.citationneeded.news/binance-theft/ #binance #crypto #cryptocurrency

Last week, I went on Meidas Defense to talk about crypto as a national security problem. Sanctioned states’ crypto receipts are up almost 700%. Full interview: https://www.meidasplus.com/p/crypto-corruption-and-trump-unpacking Shorter cut: https://www.youtube.com/watch?v=Xv8egQ0veWY #cryptocurrency #crypto

i’ve been writing about crypto for a while now, but this new addition to the $TRUMP memecoin website fine print may be the most blatant “lol you suckers are our exit liquidity” i’ve seen so far (CIC Digital is just a shell company Trump uses for the $​TRUMP memecoin and some other projects; it’s wholly owned by Trump’s revocable trust) #crypto #cryptocurrency

Newsletter: A Trump crypto adviser’s firm took millions from Tether while he shaped stablecoin rules in their favor, a Senate probe targets Commerce Secretary Lutnick’s not-so-former firm, and crypto’s biggest super PAC plays it safe. https://www.citationneeded.news/issue-111/ #crypo #cryptocurrency #USpol #USpolitics #CitationNeededNewsletter