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The cryptocurrency industry has invested approximately $176 million to support allies in the U.S. midterm elections, laying the groundwork for the post-Trump era

The cryptocurrency industry has spent approximately $176 million in this round of the U.S. midterm election cycle, covering over 100 elections, aiming to establish a bipartisan network of congressional allies to continue advancing legislative demands after Trump's departure. As of October 20, the super political action committee Fairshake and its affiliated organizations have spent about $150.8 million, with other cryptocurrency organizations spending around $25 million, major funders including Coinbase, Ripple, and a16z.Fairshake claims that among the 58 candidates it supported in primaries or special elections this year, 53 won. The organization supported bipartisan candidates in the House elections; after Senate Democrats blocked the CLARITY Act from reaching a final vote, it decided to support only Republican candidates in the Senate elections.The industry's spending in the Ohio Senate election has exceeded $68 million, focusing on long-time critic of the cryptocurrency industry Sherrod Brown, with related advertisements mostly avoiding mentioning cryptocurrencies and instead focusing on issues like taxes. Pushing for the passage of the CLARITY Act is a core goal of the industry, but the bill has stalled in this Congress. JPMorgan analysts indicate that without the bill, rules set by regulators during Trump's term may be overturned by subsequent administrations.

first_img Ethereum Hoodi testnet Glamsterdam hard fork postponed

On October 22, the smart contract security company ChainSecurity announced that the Glamsterdam hard fork on the Ethereum Hoodi testnet has been postponed. Researchers stated that security impacts have been found in existing contracts and identified 13 real cases, and they are currently conducting responsible disclosure with the affected projects. The announcement requests teams to review the contracts, and the Ethereum Foundation is assessing the scope of the impact; the announcement did not name the projects, provide contract addresses, or give an alternative fork date.The related issues involve contracts that continue execution after capturing failed external calls. Under the reviewed gas changes, the failure handler may complete execution, whereas it would previously roll back due to gas exhaustion. The caller can deliberately provide insufficient gas to complete the target operation, but enough to allow the outer contract to record a permanent failure, causing operations that could have been retried to lose their recovery path.The technical disclosure reviews EIP-8037 and EIP-8038 from the version specification dated October 13, where the gas examples described are for proposed execution behavior. The state-gas reservoir will be fully passed with the call, and forwarding restrictions apply to execution gas, with gasleft() only reporting the execution balance. According to the reviewed rules, clearing storage slots that start at zero at the beginning of a transaction can replenish up to 97,920 execution gas; intermediary contracts may also credit back the accounted state-creation fees upon REVERT and return them to the caller.

first_img Intel's Ohio chip plant installs its first main truss, completion target postponed to 2030

On October 21, Intel announced that construction workers have installed the first major structural truss at the new chip factory in New Albany, Ohio, marking the start of the next phase of construction. Naga Chandrasekaran, head of Intel's foundry, stated on the company's website that this is another step towards expanding advanced semiconductor manufacturing capacity in the United States.The factory was originally scheduled to begin chip production in 2025, but Intel has now postponed the completion target to 2030. The second Ohio wafer fab at the same site is planned to be completed by 2031, located northeast of Columbus. The delay is related to a recalibration of the foundry business under CEO Lip-Bu Tan. After taking over in 2025, Tan adopted a more cautious strategy, preferring to advance large-scale factory construction only after customer demand is clear. The project was initially driven by former CEO Pat Gelsinger, aimed at providing foundry services for external customers.As of the end of 2025, Intel has been mass-producing the most advanced 18A chips at its Arizona wafer fab, primarily for its own processors, and has not yet secured large external customers. Chandrasekaran also announced on the same day that operations for the next wafer fab in Arizona are expected to begin by the end of 2028, with construction and equipment installation currently underway. In September 2025, reports indicated that SK Hynix might be in talks with Intel to lease part of the foundry space at the Ohio plant for producing memory chips, but neither party has confirmed any plans.

first_img NEAR Intents released a post-mortem report, revealing that the $3.8 million vulnerability originated from a deposit notification flaw

The cross-chain exchange protocol NEAR Intents released a post-mortem report attributing a $3.8 million vulnerability to a flaw in the deposit notification feature. The protocol deploys a public settlement contract on NEAR that maintains an internal ledger of deposited tokens, while withdrawals transfer tokens out via a cross-chain bridge. The report was published by NEAR Intents General Manager Alex Shevchenko on October 16, stating that the attacker withdrew $3.8 million before the protocol was shut down on October 1 and returned all funds within 36 hours of detection, with all affected users fully compensated.The report indicates that the feature notifies third-party contracts when tokens are deposited. The attacker created a contract that intentionally caused the notification to fail, allowing the token contract to refund the deposit while NEAR Intents retained the corresponding ledger credit. Through 23 failed deposit transactions, the attacker accumulated $3.8 million in unsupported balance, referred to in the report as ghost funds, and subsequently withdrew real tokens based on this and transferred them to other chains via the Omni infrastructure. Shevchenko stated that this was a vulnerability in the NEAR Intents contract, not in the Omni infrastructure.Withdrawals occurred between September 29 and October 1. The settlement contract was paused and reopened on October 1, with affected routes gradually restored, and contract-side deposits resumed on October 2. The report noted that the vulnerability went undetected because monitoring only compared the original chain assets with the total balance of NEAR side tokens, without comparing the total internal user balances with the actual tokens held by the contract; the team has since added this check and will automatically pause the contract when there is a balance inconsistency. The fix for the October vulnerability was deployed on October 2, but another serious vulnerability report regarding the same feature prompted its complete removal on October 7, with the relevant researcher receiving a $300,000 reward.
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