Selasa, 10 Februari 2026

Crypto money reshapes Washington ahead of the midterms


SOL-heavy balance sheets get repriced as companies pause buys	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

February 10, 2026

Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories

💰 Fairshake's war chest tops $190M as Coinbase and Ripple pour in cash
💸 Solana treasury firms face $1.5B+ in paper SOL losses
🇰🇷 South Korea probes Bithumb after $43B "phantom" Bitcoin credit
📰 Keep reading for all of today's biggest headlines

Crypto PACs secure massive war chests ahead of US midterms

Crypto industry PACs and super PACs are amassing huge sums ahead of the next US midterms to back candidates who support the sector's agenda, with Fairshake alone reporting roughly $190+ million on hand after major donations from a16z, Coinbase, and Ripple. The money is aimed at pushing federal crypto legislation such as the CLARITY Act and shaping market-structure rules, even as internal divides emerge over whether to pursue a partisan strategy or maintain bipartisan support. Reform and consumer advocates warn the growing "war chest" amplifies special-interest influence in Washington and could further sideline voter priorities at a time when election integrity is already under heightened scrutiny.

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Solana treasuries sitting on over $1.5B in paper SOL losses

Several U.S.-listed public companies that built large Solana treasury positions in mid-to-late 2025 are now sitting on more than $1.5 billion in unrealized "paper" losses as SOL has fallen from their average purchase prices. These losses are concentrated among a handful of firms holding over 12 million SOL (about 2% of supply), with Forward Industries alone down over $1 billion based on an average cost near $230 versus SOL around $84. Although none appear to have been forced to sell, equity markets have already repriced these SOL-heavy balance sheets—share prices are down sharply, mNAV multiples are compressed, and the companies have largely paused further accumulation as raising fresh capital becomes harder.

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South Korea probes Bithumb after $43B 'phantom' Bitcoin payout

South Korea's Financial Supervisory Service has launched an investigation into Bithumb after the exchange mistakenly credited users with 620,000 BTC—about $43 billion—during a promotion, even though it didn't hold that amount. Bithumb says most of the "phantom" Bitcoin was recovered but roughly 125 BTC remains unsettled, prompting scrutiny of wallet-to-account mismatches and weak internal controls tied to a single-employee error. The incident has also intensified concerns about "paper Bitcoin," or off-chain balances and products that can trade without corresponding on-chain assets.

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OPINION

Universality is the crypto lesson banks can no longer ignore

Joshua Chu, co-chair of the Hong Kong Web3 Association, argues that prediction markets and onchain trading are increasingly turning sensitive US government actions into public signals. Chu points to uncanny, well-timed crypto bets and shorts—around a surprise tariff announcement and a reported operation involving Venezuela's Nicolás Maduro—as examples of how insiders can monetize embargoed information while leaving permanent, timestamped traces on the blockchain.

Chu warns this creates a new national security problem: foreign intelligence can treat transparent crypto markets like real-time "belief sensors," mining wallets, odds shifts, and derivatives positioning for early warnings of US moves. With crypto enforcement reportedly scaled back and insider-trading rules ill-fitted to these venues, Chu suggests greed-driven onchain activity could become a faster, cheaper source of intelligence than traditional spycraft.