BTC $78,461.12 -0.74%
ETH $2,484.42 -0.05%
BNB $752.77 +1.83%
XRP $1.42 +1.72%
SOL $103.40 -0.42%
TRX $0.3386 +1.27%
DOGE $0.0900 -0.90%
ADA $0.2194 -0.06%
BCH $258.31 -0.13%
LINK $12.51 -1.98%
HYPE $84.80 -0.58%
AAVE $129.16 -2.16%
SUI $0.8117 -0.79%
XLM $0.1880 -2.82%
ZEC $1,182.29 +3.74%
BTC $78,461.12 -0.74%
ETH $2,484.42 -0.05%
BNB $752.77 +1.83%
XRP $1.42 +1.72%
SOL $103.40 -0.42%
TRX $0.3386 +1.27%
DOGE $0.0900 -0.90%
ADA $0.2194 -0.06%
BCH $258.31 -0.13%
LINK $12.51 -1.98%
HYPE $84.80 -0.58%
AAVE $129.16 -2.16%
SUI $0.8117 -0.79%
XLM $0.1880 -2.82%
ZEC $1,182.29 +3.74%

rimar

All
Article
Flash

first_img Fairshake's affiliated PAC spent approximately $190,000 on advertisements in the Massachusetts primary

The political action committee Protect Progress PAC, affiliated with the cryptocurrency industry supporter Fairshake, has spent approximately $189,000 on media advertising ahead of the primary election in Massachusetts's 4th congressional district, supporting Democratic Congressman Jake Auchincloss's re-election campaign. Records from the Federal Election Commission (FEC) show that this expenditure is Fairshake's latest move in the 2026 election, following over $130 million spent on advertising and media promotion during the 2024 election cycle.The Massachusetts primary is scheduled to take place on Tuesday local time. Democratic candidate Jason Poulos sent a letter to Auchincloss on August 16, requesting that he "publicly condemn" Protect Progress's involvement. Poulos stated that some of the funds were used to create "AI-generated spam" supporting Auchincloss, and pointed out that the latter has directly accepted $77,500 in donations from cryptocurrency industry sources since 2020. Auchincloss also voted in favor of the Digital Asset Market Structure Act in July 2025, which is currently under Senate review and has not yet been signed into law.In August, Fairshake and its affiliates invested approximately $3.6 million in congressional campaigns in Alaska, Florida, and Wyoming. Fairshake reported that it has about $122 million in cash ahead of the 2026 midterm elections. Massachusetts will be one of the last states in the U.S. to hold its primary this year, with just over two months remaining until the general election in November.

Data: In the first half of the year, the financing amount in the primary cryptocurrency market reached 8.658 billion USD, with 259 financing events

According to RootData, the total financing amount in the cryptocurrency industry in the first half of the year was $9.081 billion, with a total of 259 financing events; among them, the primary market financing amount (excluding IPO/Post IPO/M&A rounds) was $8.658 billion, a decrease of 26.1% compared to the same period last year, and the number of financing events decreased by 28.5% year-on-year.March and May were the two peaks for financing amounts in the first half of the year, with the number of financing events reaching 66 and 68 respectively; in June, the number of financing events fell back to 43, indicating that after entering the end of the second quarter, market funding activity has cooled down. Overall, large financing still significantly boosts monthly financing scale, but the enthusiasm for regular financing rounds has begun to shrink.In the first half of 2026, there were a total of 75 M&A transactions in the cryptocurrency industry, of which 16 disclosed specific amounts (totaling approximately $3.836 billion). M&A activities were mainly concentrated in the CeFi, tools and information services, DeFi, and infrastructure sectors. Representative M&A events include: Mastercard acquiring BVNK ($1.8 billion), Kraken acquiring Reap ($600 million), etc.Leading cryptocurrency venture capital firms still maintain a high frequency of investments, with Coinbase Ventures participating in 25 investments in the first half of 2026, ranking first; Animoca Brands participated in 20, while a16z and Tether participated in 14 each. In the past 12 months, Coinbase Ventures participated in a total of 68 investments, continuing to lead the industry, followed by Animoca Brands, Pantera Capital, YZi Labs, a16z, Tether, and GSR.From the perspective of sectors, DeFi, infrastructure, and CeFi were the three most active directions for financing in the first half of 2026. In the first half of the year, DeFi completed 129 financing events, infrastructure completed 116, and CeFi completed 69. AI, payments, prediction markets, and RWA were also key sub-sectors of capital focus, with AI-related financing at 59 events, payment-related projects at 46 events, and RWA-related projects at 28 events.Overall, the primary market for cryptocurrency in the first half of 2026 has not completely stagnated, but the market structure has changed: the total financing amount is still supported by a few large transactions, institutional investments are more concentrated, sector preferences are more pragmatic, and M&A has become an important means of industry consolidation. Funds are shifting towards structural allocations around infrastructure, DeFi, CeFi, payments, AI, and RWA.
app_icon
ChainCatcher Building the Web3 world with innovations.