election

According to CoinDesk, Citi's analysis indicates that Bitcoin is approaching a key price support level ahead of the U.S. elections.The report states that after several weeks of decline, the price of Bitcoin has fallen below the bank's estimated average entry cost of approximately $81,600 for the U.S. spot Bitcoin ETF and is nearing the critical level of about $70,000 prior to last year's election.The report points out that the main new source of demand supporting the market—ETF inflows—has significantly slowed, while the futures market continues to see long positions being liquidated. Analysts note that the cryptocurrency market exhibits volatility similar to that of precious metals but has failed to follow the recent safe-haven rally in gold, highlighting that its price is still primarily influenced by liquidity conditions and risk sentiment rather than safe-haven demand.The report believes that regulatory progress remains a key potential catalyst, but the advancement of the U.S. digital asset market structure bill has been slow and uneven, leading to diminished expectations. The report also mentions macro risks, including concerns about the Federal Reserve's balance sheet contraction, which historically puts pressure on crypto assets by reducing liquidity in the banking system.

According to the official announcement, Gate DEX will launch the Gate DEX Peak Experience Officer selection event from February 3 to March 3. During the event, users can visit Gate DEX, experience various business sectors such as market trends, perpetual contracts, spot trading, Meme (Meme Go, Gate Fun, Trackers), inviting friends, BountyDrop, etc., and submit product feedback forms for a chance to win rewards of up to 200 USDT.Gate DEX is an industry-leading multi-chain crypto platform that connects over 100 public chains, millions of assets, and tens of thousands of DApps in one place, providing a professional-grade DEX experience and the best solutions for every DEX need. BountyDrop is a dedicated earning activity section on the Gate DEX discovery page, where users can complete simple tasks for a chance to win rewards or participate in a lottery to receive airdrop tokens.

According to a report by the Financial Times, cited by Jin Shi, U.S. President Trump and his allies have raised a record $429 million in political donations over the past year, with tech billionaires and businesses seeking policy changes opening their wallets to accumulate funds ahead of the midterm elections. Analysis shows that the single political action committee (PAC) Maga Inc, controlled by Trump's allies, currently holds $304 million in funds—this amount exceeds the reserves of any political action committee in previous midterm election years and is tens of millions of dollars more than the funds available to the Democratic Party's related camps.The largest disclosed single donation to Maga Inc came from the cryptocurrency exchange Crypto.com, with venture capital giants A16Z founders Marc Andreessen and Ben Horowitz each donating $3 million to "Maga Inc" last year. OpenAI co-founder and president Greg Brockman donated $12.5 million to the committee last December, with his wife Anna adding another $12.5 million.

According to Cointelegraph, Grow California, co-founded by Ripple co-founder Chris Larsen and Bitcoin supporter and venture capitalist Tim Draper, has disclosed that it has received approximately $40 million in donation commitments for an independent expenditure committee and related nonprofit entities to combat California's wealth tax and union power. Chris Larsen is expected to contribute up to $30 million of his own funds over multiple election cycles.Industry observers note that crypto-backed political action committees (PACs) are gearing up for the 2026 U.S. midterm elections to expand the industry's influence. Fairshake disclosed on Wednesday that its cash reserves have reached $193 million, funded by crypto institutions such as Ripple Labs, Andreessen Horowitz, and Coinbase.

According to market news, the cryptocurrency political action committee Fairshake, supported by Coinbase, a16z, and Ripple, announced that it has reserved over $193 million in funding for the midterm elections in November 2026.The funding includes a $25 million donation from Coinbase in 2025, as well as recent donations of $25 million and $24 million from Ripple and a16z, respectively. Fairshake stated that as the midterm elections approach, it will continue to oppose politicians with anti-crypto policies and support leaders who advocate for the crypto industry. The organization played a key role during last year's election season, investing tens of millions of dollars to support pro-crypto candidates.

According to Jinshi reports, Japanese Prime Minister Sanae Takaichi announced that the House of Representatives will be dissolved on January 23 and an early election will be held.

As the Ugandan government cut off nationwide internet access during the presidential elections, the encrypted communication app Bitchat became one of the most downloaded apps locally. The Uganda Communications Commission confirmed that the internet shutdown took effect at 6 PM local time on Tuesday and will continue throughout the election period.Reports indicate that Bitchat relies on Bluetooth Mesh networks to enable encrypted communication without the internet, and it has simultaneously topped the download charts on both the Apple App Store and Google Play in Uganda. Meanwhile, several VPN apps also ranked high in downloads, indicating a significant increase in local demand for information access ahead of the elections.The Ugandan government stated that the internet shutdown aims to prevent the spread of false information during the elections, but opponents argue that this move could restrict the flow of election-related information. The executive director of the Uganda Communications Commission had previously stated that there would be no internet shutdown, but ultimately, the measures were implemented. As of early January, it has been disclosed that over 400,000 users in Uganda have downloaded Bitchat.This marks the third consecutive time Uganda has implemented a nationwide internet shutdown during presidential elections. Similar actions occurred during the elections in 2016 and 2021. Reports also mention that Bitchat has been widely used in various countries under conditions of internet restrictions or sudden disasters in recent years, gradually becoming an alternative communication tool in offline environments.

According to official social media news, the Huobi HTX C2C trading zone's selection station recently released its 2025 annual review. Since its launch in April 2025, the selection station has maintained a record of 0 freezes, lasting a total of 6,456 hours to date. The selection station prioritizes fund security, adhering to the concept of proactive protection, successfully intercepting nearly 83 million risk behaviors throughout the year, and effectively preventing potential fund losses of 10.32 million USDT, stopping risks before they occur. The outstanding security measures have driven the growth of trading volume and received widespread acclaim from users. The report shows that the order volume of the selection station saw a maximum increase of 818%, while the trading volume experienced a maximum increase of 380%, with users sharing and forwarding over 60,000 times throughout the year.In 2025, the selection station pioneered by Huobi HTX continuously upgraded the C2C trading experience, and the "0 freeze + 100% compensation" model has set a new benchmark for the industry. The C2C selection station stated that it will continue to fulfill its safety commitment of "0 freeze on withdrawals, 100% compensation" in 2026, providing users with stable, secure, and efficient C2C trading services.

Caixin released the "2026 New Year Special Review and Outlook," which pointed out that in 2025, the "Trump Deal" made waves, with gold prices and virtual currencies competing for attention. In March, an executive order was signed to incorporate approximately 210,000 bitcoins held by the federal government into the national strategic reserve. Various transactions based on stablecoins and digital currencies were extensively implemented in 2025, and listed companies transformed into treasury companies specifically hoarding digital currencies, leading to speculation.However, the seizure of $15 billion in bitcoins by the U.S. from the Chen Zhi telecommunications fraud group raised concerns about transaction security, and by the end of the year, bitcoin had fallen from its historical highs. As we move into 2026, when Trump begins preparing for the midterm elections in November, it will be crucial to observe which areas his policies will adjust in response to feedback and how this will affect the performance of various asset classes, becoming a key theme to watch in 2026.

According to official news from Chainlink, at the SmartCon 2025 conference, Lighter founder Vladimir Novakovski announced the selection of Chainlink as its official oracle provider.

The cryptocurrency industry expresses regret over U.S. Senator Cynthia Lummis, a supporter of cryptocurrency, announcing that she will not seek re-election in 2026. Cynthia Lummis stated that although she is a devoted legislator, she feels that her energy cannot support another six-year term. Collin McCune, head of government affairs at a16z, remarked that without Cynthia Lummis's efforts in Congress, the crypto industry would not have achieved its current success. David Sacks, the White House's AI and cryptocurrency director, described her as a great ally in the crypto space.Previously, Cynthia Lummis had strongly advocated for the Responsible Financial Innovation Act and the American Innovation and Choice Online Act, aimed at providing regulatory clarity for digital assets. Kyle Samani, co-founder of Multicoin, stated that although Cynthia Lummis has decided to step down, the work on policy-making is not yet complete, and there is still legislation to be passed in 2026.

According to informed sources, Trump will interview current Federal Reserve Governor Waller on Wednesday local time regarding the selection of the Federal Reserve Chair. Trump interviewed former Federal Reserve Governor Kevin Warsh last week.Trump stated that Warsh and Hassett are currently his two favored candidates. This year, Waller has become a leading voice within the Federal Reserve advocating for interest rate cuts. At the Federal Reserve's July meeting, which kept interest rates unchanged, Waller cast a dissenting vote in favor of a rate cut.Waller is the most favored candidate for Federal Reserve Chair among economists and is well-regarded on Wall Street for his logically clear and consistent arguments for rate cuts this year, and is seen as capable of bridging the widening divide within the Federal Reserve. Several of his arguments for rate cuts have been adopted by current Chair Powell. Waller will give a speech on the economic outlook on Wednesday evening Beijing time. (Jinshi)

The Republicans avoided a surprising defeat in the U.S. House elections held in Tennessee on Tuesday, which relieved Trump and his congressional allies. According to predictions from the Associated Press, NBC News, and the election analysis site Decision Desk HQ, Trump-backed Republican candidate Matt Van Epps is set to win. Trump praised the Republican victory in a social media post, and Epps also announced his victory. However, even with the win, voters in a district where Trump won by a landslide a year ago are gradually distancing themselves from the Republican Party. This is the latest data point indicating the Republican Party's troubling prospects in next year's midterm elections.In a series of elections this year, the Democrats have outperformed their voting advantage for the 2024 presidential election. Just a few weeks ago, the party achieved political victories in New York City, New Jersey, and Virginia, sweeping the ballots, and won a redistricting referendum in California aimed at weakening the Republican advantage in Congress. (Jinshi)

According to a report by Miner Weekly, the significant pullback in BTC has caused the unit hash rate revenue to drop from $55 to $35 per PH/s, which is below the median total cost of approximately $44 per PH/s for publicly listed mining companies.The total network hash rate is approaching 1.1 ZH/s, resulting in the latest mining machines having a payback period exceeding 1000 days, surpassing the countdown to the next halving. CleanSpark recently repaid its Bitcoin collateralized loans and raised over $1 billion in financing, while Cipher and Terawulf have collectively raised over $5 billion in Q4. Mining companies are generally shifting towards deleveraging and liquidity preservation, and the industry is entering a new phase of survival selection.

According to Solid Intel's monitoring, Vitalik Buterin warned at Devconnect that quantum computing could break elliptic curve cryptography before the 2028 U.S. presidential election, and urged ETH to transition to quantum-resistant cryptography within the next four years.

The crypto KOL @Cbb0fe called out to Andre Cronje on platform X, suggesting to reselect the $1 billion fund management institution for Flying Tulip. Official information shows that the current fund management institutions are MEV Capital and Re7 Labs, and both have performed "disastrously" in the recent DeFi series collapse.According to the crypto data platform RootData, the crypto project Flying Tulip founded by Andre Cronje announced the completion of a $200 million private seed round financing at a valuation of $1 billion. This round of financing was participated in by Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol.This $200 million financing was completed through a Simple Agreement for Future Tokens (SAFT) structure. Flying Tulip aims to build an on-chain trading platform covering the entire DeFi space— including spot, derivatives, lending, stablecoins, and insurance, unified within one system.

JD Vance talked about the possibility of running for president in 2028 during an interview with Fox News: "We will win the midterm elections. We will do everything we can to win the midterm elections. After that, I will sit down with the President of the United States to discuss this matter."