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The industries’ biggest bets lost almost across the board.

Where crypto and AI super PACs are spending, what their ads won’t talk about, and which races could embarrass them.

Answering your questions about who was behind the Binance hack, how they launder the money, and where it goes

Stablecoin issuers froze about $2.4 billion of the roughly $6.3 billion stolen. The rest exceeds Binance’s insurance fund, and the man promising to make users whole isn’t supposed to be running the company.

Last week I joined Joe Plenzler on the Meidas Defense podcast to talk about crypto. Meidas Defense is the MeidasTouch Network’s national security show, so we spent more time than I usually do on crypto as a geopolitical problem, in addition to a consumer protection one. The full episode and transcript are up on the Meidas newsletter, and there’s a shorter cut on YouTube.

A Trump crypto adviser’s firm took millions from Tether while he shaped stablecoin rules in their favor, a Senate probe targets Commerce Secretary Lutnick’s not-so-former firm, and crypto’s biggest super PAC plays it safe

Regulators race to reassure the crypto industry as the industry’s flagship legislation collapses, SBF tries his luck with the Supreme Court, and crypto PACs unleash $30 million against Sherrod Brown

The supposedly “unprecedented” ethics restrictions exempt Trump’s crypto businesses and leave enforcement to his loyalists

The SEC’s “Reg Crypto” aims to carve out exemptions, the CFTC wields emergency powers to shield prediction markets from state regulators, and a Trump family crypto firm gets a bank charter

Firms close up shop amid a continued crypto winter, a Trump venture ditches its crypto plans, and the Clarity Act fails to reach a vote before August recess