This year, a handful of crypto executives revolutionized how corporations spend on elections. The effects of their triumph could extend well beyond crypto.
You could say every U.S. presidential election cycle since the dawn of Bitcoin has been the biggest yet for the crypto industry. But 2024 took it from big to bigly.
Crypto’s growing footprint in politics showed up in fundraising, too. Crypto super PAC Fairshake had amassed nearly $85 million, obliterating the previous record held by a corporate group for super PAC fundraising: the National Association of Realtors’ comparatively meager $18 million fundraise in 2022.
By the eve of 2024’s presidential election, Fairshake and its affiliate PACs would raise nearly $300 million. Nearly every candidate backed by Fairshake won their race—and the super PAC's victory could have a significant impact on how politics in the U.S. is played for years to come.”
That’s why the way crypto changed politics is the Decrypt 2024 story of the year.
Decrypt’s 2024 Story of the Year: How Crypto Money Changed American Politics
A handful of crypto executives have revolutionized how corporations spend on elections, and the effects could extend well beyond crypto.
Bitcoin Bounces Back Above $100K as XRP, Dogecoin and Solana Rebound
Bitcoin rose back above $100,000 per coin Wednesday after U.S. inflation data matched expectations, with other top coins also popping.
Peanut the Squirrel Meme Coin Jumps on Coinbase Plans as Gigachad Hits All-Time High
A meme coin based on the internet-famous squirrel Peanut is surging Wednesday after Coinbase revealed plans to list it for trading.
Binance and Circle Partner to Boost Global USDC Adoption
Crypto exchange Binance and stablecoin issuer Circle have entered a partnership to promote global USDC adoption.
💬 Quote of the Day
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We were dealing with a political problem. And to deal with that political problem, we needed a political solution.
Cosmos is expanding: Skip joins the Interchain Foundation
The Interchain Foundation has acquired Skip, one of Cosmos’ leading teams, to bring their excellence in engineering, product strategy, and execution in-house and usher in an era of growth for Cosmos, and its vision for the interchain.
Skip will rename to Interchain Inc. and become the ICF’s main subsidiary, concentrating product, vision, and go-to-market for the Interchain Stack and Cosmos – aligning the Interchain Stack’s vision, and the vision for a Cosmos Hub that is at the center of the ecosystem, driving user and liquidity growth for the entirety of the Cosmos’ interchain ecosystem.
📈 MARKETS: Billionaire Ray Dalio Prefers Bitcoin as 'Hard Money' Over Bonds
During a talk at Abu Dhabi Finance Week, billionaire hedge fund manager Ray Dalio said he prefers gold and Bitcoin over bonds and debt.
🎮️ GG: Ubisoft Sets Launch for ‘Captain Laserhawk’ Game as Free NFT Mint Begins
Captain Laserhawk: The G.A.M.E. will launch on Ethereum layer-2 Arbitrum next week, with a free NFT mint on Magic Eden starting today.
🤖 EMERGE: Chinese Police Roll Out Nightmarish Crime-Fighting Robot
The RT-G robot by Shenzhen-based Logon Technology blends sci-fi aesthetics with lethal real-world applications.
🎭️ SCENE: Disgraced Terra Founder Do Kwon Inspires Korean Indie Film ‘Crypto Man’
The $45 billion Terra crash of 2022 will be immortalized in a South Korean independent movie that's set to be released in January.
📚 Watch and Learn
📹️ WATCH: 'Predict the Future' with MYRIAD and Pudgy Penguins
Decrypt and Rug Radio's on-chain prediction market MYRIAD has teamed up with Pudgy Penguins for its first Community Contest! Find out how to take part and win prizes including Lil' Pudgys NFTs at myriad.markets.
🎓️ LEARN: What is Quantum Computing? A Beginner's Guide to the Computer of the Future
Quantum computing is touted as the next giant leap forward for computing—but it could also be crypto's undoing. Find out how it works.
