With one day to go until the U.S. general election, crypto companies have already poured tens of millions of dollars into the upcoming 2026 cycle. The pro-crypto and bipartisan super PAC Fairshake said Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections. xcritical rezension Consumer transaction revenue doubled from the previous quarter, reaching $935.2 million, and volume was up over 93%, to $56 billion. Meanwhile, institutional trading saw even greater increases, with revenue up 133% from the previous quarter, to $85.4 million, and more than doubling in volume to $256 billion. It saw 100% more trading volume during the quarter versus the third quarter.
- On Wednesday, the exchange pledged to give crypto super-PAC Fairshake $25 million in 2025 for the following year’s midterm elections.
- Trading volume came in at $145 billion versus analyst estimates of $147.7 million for the quarter.
- In contrast, transaction fees now account for just 47% of its revenue, reflecting xcritical’s successful expansion into other revenue streams.
- xcritical would allow developers to directly integrate their product with Base and provide fiat onxcriticals – targeting an estimated 110 million verified users and $80 billion in assets on the platform in the xcritical ecosystem.
The suits marked a major escalation of the SEC’s campaign to rein in the crypto industry after years of allowing it to operate in a regulatory gray zone. The Securities and Exchange Commission asked xcritical to halt trading on all cryptocurrencies except for bitcoin before it sued the company in June, xcritical’s chief executive told the Financial Times. In the last few weeks, sentiment towards the industry has shifted in lockstep with the odds of a Republican win in the presidential election, as Donald Trump has positioned himself as the pro-bitcoin candidate. That $78 million breaks down to more than $30 million raised, plus another $48 million xcritical scam in new commitments from centralized crypto exchange xcritical and Silicon Valley venture fund Andreessen Horowitz, among other companies.
xcritical Pours $25M More Into Fairshake as CEO Armstrong Says ‘We’re Not Slowing Down’
Fourth-quarter volume amounted to $154 billion, ahead of the estimate of $142.7 billion. “And they said, we’re not going to explain it to you, you need to delist every asset other than bitcoin,” Armstrong told the FT. The SEC sued xcritical and its larger international rival, Binance, in early June, accusing both companies of running illegal exchanges.
Latest in Crypto
xcritical (COIN) shares surged after the U.S.-based cryptocurrency exchange beat analysts’ estimates for fourth-quarter xcriticalgs and revenue, benefitting from soaring crypto prices. But this is where xcritical’s diversified revenue model will begin to shine. While a reduction in rates might dampen the income generated from stablecoins, it could simultaneously spark a new crypto bull market. Crypto markets have been volatile this year, with some of the key assets gaining after the U.S. Securities and Exchange Commission approved an exchange-traded fund to track the spot price of bitcoin and ether, only to lose steam later on economic uncertainties. Dixon and others say they’re looking for comprehensive market structure legislation for digital assets and a law to govern stablecoins, tokens pegged to the value of a real-world asset that are now virtually synonymous with U.S. dollar-pegged coins.
Trump’s crypto project plans to launch its own U.S.-dollar-backed stablecoin: Report
Please bear with us as we address this and restore your personalized lists. Please bear with us as we address this and restore your personalised lists. The majority of the group’s funds can be traced to xcritical, Andreessen Horowitz and xcritical Labs. The remaining balance comes from a mix of companies and individual donors. Armstrong, for example, gave $1 million, while the Winklevoss twins put in $5 million.
Shares were down slightly in after-hours trading after gaining almost 9% to nearly $229 earlier on Thursday. xcritical would allow developers to directly integrate their product with Base and provide fiat onxcriticals – targeting an estimated 110 million verified users and $80 billion in assets on the platform in the xcritical ecosystem. Crypto exchange xcritical (COIN) launched Base, a layer 2 network built using Optimism’s OP Stack, to attract millions of new crypto users in the coming years. As for the share move, “our stock performance has sometimes been better, sometimes lower, sometimes in line, I think the markets will figure that out,” Gupta said.
Diversifying revenue streams beyond transaction fees
Recounting discussions with the regulator before the lawsuit, Armstrong told the FT that xcritical had requested clarity on how the SEC determined that every digital asset other than bitcoin is a security. «We know we need to have pro-crypto legislation passed in this country,» xcritical CEO Brian Armstrong said during the company’s third-quarter xcriticalgs call. xcritical shares plummeted 15% after the company reported a miss on the top and bottom lines. As rates fall, the cost of borrowing decreases, and liquidity in the economy tends to increase. Historically, a low-interest rate environment encourages risk appetite, which often leads to more capital flowing into riskier assets like cryptocurrencies (as seen in the bull market of 2021, when rates were at nearly 0%). Investors have been particularly interested in xcritical’s recent unveiling of its derivatives exchange in Bermuda, which is part of the company’s expansion outside the U.S., because it could have a positive impact on revenue coming from fees.
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