Filings with the New Jersey Election Law Enforcement Commission showed only a few small contributions from individuals tied to crypto companies for various candidates. As voters head to the ballot boxes to cast their choices for candidates in the Democratic and Republican primaries in New Jersey’s race for its next governor, funds from crypto traders and interest groups don’t seem to be as much of a factor as they were in the 2024 federal races. According to filings with the New Jersey Election Law Enforcement Commission reviewed by Cointelegraph as of Tuesday, no significant political action committees (PACs) funded by cryptocurrency companies or interest groups appeared to have contributed to any of the 12 Democratic and Republican candidates running for governor. In a search for contributions directly to candidates or PACs, only a few filings suggested any connections to the crypto industry. Read more
The US House Agriculture Committee voted to advance the CLARITY Act for digital assets as lawmakers in the House Financial Services Committee debated an amendment for developers. Lawmakers on the US House Agriculture Committee voted in favor of the Digital Asset Market Clarity, or CLARITY, Act, advancing the bill further in Congress. In a 47-6 vote on Tuesday, an overwhelming majority of lawmakers on the committee approved the CLARITY Act to establish a regulatory framework for digital assets. Committee Chair GT Thompson said the bill would be sent to the House for consideration, adding that any members offering opposing views would have the opportunity to submit them by Friday. The vote came alongside debate on the House Financial Services Committee discussing an amendment that could add protections for blockchain developers to the CLARITY Act. At the time of publication, the committee had not voted on the bill. Read more
Trump’s tax cuts and soaring US debt fuel Bitcoin’s rise as a hedge against sovereign default risks, potentially pushing BTC price toward $200,000 or more by 2025. Key takeaways: Bitwise predicts Bitcoin could hit $200,000 by year-end, with a potential “fair value” of $230,000. Trump’s proposed tax cuts and rising US debt position Bitcoin as a hedge against sovereign default risks. Read more
Grok scans posts and sentiment shifts on X to help crypto traders identify early signals, memes and macro-driven momentum plays. Grok scans real-time sentiment on X to detect early crypto trends, including meme coin momentum and macro reactions. Traders have used Grok-style setups to track tokens like TURBO, ORDI and FET before price moves occurred. Unlike chart-based tools, Grok captures emotional tone and crowd narrative shifts across thousands of posts. Read more
Ethereum’s dominance in staking, the spot crypto ETFs, and improving investor sentiment all point toward a sustained ETH price rally. Key takeaways: ETH’s price gains are driven by an uptick in network activity and robust spot ETF inflows. Data suggests $2,800 will remain a difficult hurdle for ETH to overcome. Read more
Mark Zuckerberg is reportedly assembling a superintelligence group that will include Scale AI founder Alexandr Wang. Meta Platforms is reportedly acquiring a 49% stake in Scale AI, a leading data labeling company that powers many AI applications, as CEO Mark Zuckerberg seeks to strengthen Meta’s position in the competitive artificial intelligence landscape. After days of speculation, The Information reported on Tuesday that Meta has finalized a $14.8 billion deal for a significant minority share in Scale AI. According to sources familiar with the negotiations, the transaction was completed in cash and includes Scale AI’s CEO, Alexandr Wang, joining Meta as part of a new “Superintelligence” initiative. Read more