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- 1Trump Media moves $342 million in bitcoin to Crypto.com▼Trump Media moves $342 million in bitcoin to Crypto.com, blockchain data show
Trump Media & Technology Group has transferred roughly $342 million worth of bitcoin to the exchange Crypto.com, according to blockchain data. The on-chain movement was flagged by CoinDesk and is drawing attention as observers try to determine whether the company is selling, custodying, or repositioning its crypto holdings.
- 2Crypto-funded attack ads in US races avoid mentioning crypto●As usual, the ads mostly don’t mention crypto. One of the most-run anti-Brown ads is about “unleashing” IRS agents and “
Crypto industry-backed political advertising is flooding US election campaigns, but the ads largely avoid mentioning cryptocurrency itself. One of the most-run ads against Senator Sherrod Brown attacks him over 'unleashing' IRS agents, while in Wisconsin a Crypto.com-funded PAC labels candidate Mitchell Berman a 'woke radical activist'. Observers note the industry is spending heavily while framing its attacks on unrelated culture-war issues.
- 3Democrat Mitchell Berman defeats crypto-backed Bryan Steil in Wisconsin▼Big crypto loss: In Wisconsin District 1, Democrat Mitchell Berman beats incumbent Bryan Steil, who chairs the House Fin
Democrat Mitchell Berman has won Wisconsin's 1st Congressional District, unseating incumbent Republican Bryan Steil, who chairs the House Financial Services subcommittee on digital assets. The race drew heavy crypto-industry spending: the Fairshake PAC put about $1 million behind Steil, while Crypto.com funded roughly $880,000 in attack ads against Berman through a specially created PAC.
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Attention is turning to a seasonal returns chart for Cronos USD, the token associated with the Crypto.com exchange. Traders use such charts to compare how an asset typically performs at different points in the calendar year. There is no indication yet of a specific price move or news event behind the interest.