Trump-linked tokens lead crypto losses after Democrats sweep in the US midterms
The official Trump and World Liberty Financial tokens were the two biggest losers among the top 100 cryptocurrencies on Wednesday, even as Bitcoin and Ether rallied.
Older stories · all sources
The official Trump and World Liberty Financial tokens were the two biggest losers among the top 100 cryptocurrencies on Wednesday, even as Bitcoin and Ether rallied.
Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
Circle is looking to payments fees and future staking rewards to diversify revenue as its core stablecoin business faces pressure from lower yields and growing competition.
Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.
The amendment would require taxpayers to report holdings worth at least $112,000, but the measure still needs to survive the budget process.
SEC staff’s no-action letter covers CC earned by running infrastructure and applications, but is not a binding ruling on its legal status.
Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.
Sun plans to refile his token-freeze lawsuit in California state court after the sanctions motion is resolved. A hearing is set for Dec. 10.
Bitwise’s André Dragosch attributed Bitcoin ETF outflows to weaker market sentiment, saying institutions have largely maintained their exposure.
Democrats won control of Congress in the 2026 US midterms. Catch up on key races, crypto-backed candidates and the outlook for crypto regulation.
The Binance attackers moved most of the stolen SOL and continued laundering funds through THORChain after the protocol resumed swaps.
Democrats will take control of House committees in January 2027, giving them power to investigate President Donald Trump’s administration.