Headlines

Crypto PAC spending tops $2M in Michigan House race

A crypto industry-aligned political action committee has pushed its spending above $2 million in Michigan’s 13th Congressional District, according to final-week Federal Election Commission disclosures.  Summary Protect Progress spending surpassed $2 million backing Thanedar and opposing McKinney before Tuesday’s primary vote. $884,240 in new advertisements supported Thanedar, while more than $150,000 targeted McKinney with opposition…

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Ark Invest Rotates $43.5M Into Coinbase and Circle as Bullish and Bitmine Exit

Ark Invest trimmed positions in Bitmine Immersion Technologies, Bullish, and Block while simultaneously deploying roughly $43.5M into Coinbase and Circle shares, a rotation that looks far more like portfolio rebalancing than a retreat from crypto equities, according to the firm’s daily trade disclosures. The Cathie Wood-led investment firm has over $16Bn in assets under management, and…

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Should you still buy your next smartphone — or subscribe to it instead?

The smartphone industry’s next battleground may not be the phone itself, but how consumers get it. As premium devices become more expensive, Apple, Samsung, and others are betting that leasing, subscriptions, and guaranteed buyback programs can make upgrading more attractive. This week, Apple launched Apple Upgrade in the U.S. in partnership with Klarna, allowing consumers…

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The $4 billion Iran sanctions evasion network through crypto

The United States has sanctioned Iranian exchanges, frozen nearly $1 billion in cryptocurrency, and traced $3.84 billion in Iran-linked flows through a single offshore exchange, exposing the scale of sanctions evasion through digital assets. Summary The US Treasury has sanctioned four Iranian cryptocurrency exchanges, including Nobitex, which handles approximately 50% of Iran’s crypto trading volume,…

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