Crypto PACs pour $3M into Maryland races as California voters head to polls

An affiliate of a political action committee backed by crypto companies ramped up spending on ads in California ahead of Tuesday’s primaries, but still has millions of dollars at stake in Maryland later this month. Read More at https://cointelegraph.com/news/crypto-pacs-maryland-races-media-buys-california-primaries?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Coinbase invests in ProShares ETF tailored for stablecoin reserve assets

The exchange has invested an undisclosed amount in ProShares’ Treasury-focused ETF built for the post-GENIUS era as lawmakers debate whether stablecoin issuers can offer yield-bearing products. Read More at https://cointelegraph.com/news/coinbase-invests-proshares-etf-tailored-stablecoin-reserve-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin’s $224K ‘fair value’ may emerge if sovereign debt fears deepen: Bitwise

A sovereign default-risk model estimates Bitcoin’s fair value at $224,000, as rising debt risks and bond-market stress could strengthen the asset’s long-term investment case. Read More at https://cointelegraph.com/markets/bitcoins-224k-fair-value-could-emerge-if-sovereign-debt-fears-deepen-bitwise?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound