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Fairshake Super PAC Has $116 Million for the US Midterms

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Fairshake, the pro-crypto super PAC, currently has $116 million to influence elections in the 2026 US midterms. Several major donors who supported this effort during the 2024 elections have redoubled their donations.

At the moment, it doesn’t seem clear which senates will become the highest-priority targets. Since Kamala Harris endorsed crypto and lost, anti-industry sentiment has been much quieter in Congress, but a few opponents remain in power.

Fairshake Stockpiles for the Midterms

Fairshake, the pro-crypto Super PAC, is stockpiling resources for the midterms in 2026. According to a report from CNBC, the group currently has a war chest of $116 million to compete in these races.

Right after Trump won the Presidential election in November, a16z donated $25 million for this purpose, and other donations brought the total to $103 million.

However, more donations are likely. Elections can be very expensive in the current US political environment. In the 2024 cycle, Fairshake spent around $180 million to influence national races, and the midterms will be just as important.

In addition to electing President Trump, Fairshake’s political contributions also helped down-ballot candidates like Bernie Moreno.

“With the midterms on the horizon, we are poised to continue backing candidates committed to advancing innovation, growing jobs, and enacting thoughtful, responsible regulation,” Fairshake said in a statement.

Previous Fairshake donors, such as Coinbase, doubled down on their support, building new reserves for the midterms. According to CNBC, several additional big-name supporters like Ripple and Uniswap have provided new contributions for this purpose alone.

However, this does beg one question: who are they going to challenge with this money?

Crypto Industry Holds the Cards in US Elections

In the last Presidential election, Kamala Harris was more reluctant to embrace crypto than Donald Trump, but she eventually ran as a pro-crypto candidate.

Indeed, she even received high-level donor support from influential figures in the space, albeit less than Trump. If the Democrats continue their reconciliation with crypto into the midterms, who will Fairshake target?

There are some candidates that come to mind. First of all, a few outspoken crypto opponents like Senator Elizabeth Warren remain in Congress and continue to rail against Trump’s policies.

Since launching the TRUMP meme coin, several Representatives have called for a probe into possible criminal activity. Fairshake could fund races against these figures in the midterms.

However, there is another possible option. The Republicans have generally coalesced around Trump’s pro-crypto messages, but there are complications.

For example, a few elected officials have vocally supported the industry since the election despite opposing it beforehand. The threat of Fairshake spending could keep the half-hearted converts in line.

Ultimately, the midterms are nearly two years away, and Fairshake will have ample time to prepare. Regardless of which races take the highest priority, the super PAC will be ready to influence them.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Binance Managed 94% of All Crypto Airdrops and Staking Rewards

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A new report shows that Binance almost has a monopoly in the CEX market in terms of crypto airdrop distribution and staking rewards. In 2024, the exchange received $2.6 billion of a total of $2.7 billion in rewards, amounting to 94% of the entire market segment.

In an exclusive press release shared with BeInCrypto, Binance also revealed that it’s making substantial changes to its airdrop services to improve user experience and make participation easier.

Binance Leads the Market in Crypto Airdrops

Binance, the world’s largest crypto exchange, has become the go-to platform for airdrops and staking rewards. It launched the HODLer airdrop program less than a year ago, providing many new projects with a comprehensive platform to reward early adopters.

In the past year, the exchange has become synonymous with the latest airdrops, as most users are accessing their rewards through the platform.

Exchanges with Most Launchpool Rewards and Airdrops in 2024
Exchanges with Most Launchpool Rewards and Airdrops in 2024. Source: CoinMarketCap

Based on this impressive performance in the airdrop sector, Binance has substantially upgraded a few of its services. The platform has revamped its Launchpool and BNB Earn pages, making it easier for users to both track and participate in airdrops.

“With these upgrades, we’re making it easier than ever for users to unlock the full potential of BNB and participate in high-quality token launches. The redesigned Binance Launchpool and BNB pages reflect our commitment to user education, simplicity, and maximizing rewards,” said Jeff Li, VP of Product at Binance.

The updated BNB page will give Binance users key benefits, such as real-time information on airdrops across its platforms, including Launchpool, Megadrop, and HODLer Airdrops.

Users will also see features like trading fee discounts, VIP perks, and a historical rewards section. These improvements are designed to help the firm maintain its significant dominance while continuing to focus on integrity.

Hopefully, these improvements will allow the firm to maintain its significant dominance while maintaining its usual integrity. Last month, Binance Research identified some systemic problems with airdrops in general, and the exchange seems particularly concerned with its reputation.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Pi Network Price Falls To Record New Low Amid Weak Inflows

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Pi Network (PI) has experienced a significant downtrend recently, with price declines that have left many holders facing losses. 

The altcoin has failed to break free from this negative momentum, and the market conditions continue to worsen. As a result, investors are losing confidence, and the price may continue to drop further.

Pi Network Continues To Suffer

The Chaikin Money Flow (CMF) continues to show bearish signs, remaining well below the zero line. This indicates that the network is suffering from outflows, meaning that investors are moving their funds out of Pi Network. Despite a bullish start, Pi failed to sustain interest, leading many holders to sell off their positions.

The outflow trend is concerning for investors, as the lack of positive momentum suggests a prolonged downtrend. The market sentiment remains bearish, with sellers outweighing buyers. As the CMF stays in the negative zone, it signals that Pi Network’s price could struggle to find stability in the short term.

PI Network CMF
PI Network CMF. Source: TradingView

The Ichimoku Cloud, a widely used technical indicator, is hovering well above the candlesticks, signaling that the bearish trend is gaining strength. This indicates that there is little upward momentum in the market, and Pi Network is likely to face more downward pressure. 

Additionally, broader market conditions are still negative, which suggests that Pi Network may fail to recover in the immediate future. With bearish technical indicators and a lack of support from investors, the outlook for Pi Network remains grim for now.

PI Network Ichimoku Cloud
PI Network Ichimoku Cloud. Source: TradingView

PI Price Hits A New Low

Pi Network is currently priced at $0.61, having formed a new all-time low of $0.60 after dropping by nearly 14% over the last 24 hours. The altcoin continues to struggle under the weight of negative sentiment and is not showing signs of reversal in the near term.

Based on the ongoing outflows and bearish technical indicators, Pi Network will likely continue its decline. It could fall further to $0.50, potentially forming new all-time lows. The current market conditions suggest that recovery is unlikely without a significant shift in sentiment.

PI Network Price Analysis.
PI Network Price Analysis. Source: TradingView

However, if Pi Network can bounce off the $0.60 level, it might regain some support and climb back to $0.87. This would help recover some of the recent losses and potentially give the altcoin another chance at a bullish move. But, without a strong catalyst, it may struggle to break through the resistance levels.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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TRUMP Token Hits Record Low Due To Liberation Day Tariffs

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TRUMP token has faced a significant downturn, failing to recover after a recent decline. The altcoin’s price has been further pressured by the announcement of US President Donald Trump’s Liberation Day Tariffs. 

As a result, bearish sentiment has grown, leading traders to capitalize on the negative market conditions.

Trump’s Announcement Took A Toll

The funding rate for TRUMP turned negative over the last 24 hours, signaling increased bearish activity. Traders are shifting to short contracts, betting that the price will decline further. This shift in sentiment follows the announcement of the tariffs, which, despite being a policy move, had a negative impact on TRUMP’s price.

This negative market reaction highlights traders’ skepticism about the future prospects of TRUMP. While the tariff announcement was meant to stimulate market reactions, it instead spurred fear, driving a wave of sell-offs. 

TRUMP Funding Rate.
TRUMP Funding Rate. Source: Coinglass

Looking at the broader momentum, technical indicators such as the Relative Strength Index (RSI) reveal that TRUMP is far from recovering its recent losses. The RSI remains firmly in the bearish zone, well below the neutral 50.0 mark. With no signs of reversal or bullish momentum, the token is likely to continue facing declines in the short term.

The oversold conditions are not yet reached either, indicating there is still room for further declines. With the RSI not showing any substantial recovery signals, the current downtrend could persist until market sentiment shifts or a new catalyst sparks renewed interest in the token.

TRUMP RSI
TRUMP RSI. Source: TradingView

TRUMP Price Suffers 

TRUMP’s price hit a new all-time low of $8.97 before recovering slightly to $9.29. Over the last 24 hours, the token has seen a 10% decline. This drop has added to its month-long 45% slide, as the token lost crucial support levels, including $12.57 and $10.29.

The ongoing bearish trend suggests that TRUMP could continue to slide, with the next key support around $8.00. If the broader market conditions remain weak and the bearish sentiment continues to dominate, the price could dip further, reaching new lows before any potential recovery.

TRUMP Price Analysis.
TRUMP Price Analysis. Source: TradingView

However, if TRUMP manages to reclaim $10.29 as support, it could mark the beginning of a recovery attempt. Successfully breaching $12.57 could invalidate the current bearish outlook and signal a potential rally, but this would require a significant shift in investor sentiment and market conditions.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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