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- 🤑 a16z Pours Another $23M into Crypto-Friendly Fairshake PAC. Andreessen Horowitz makes a massive contribution to Fairshake PAC.
- 👋
Ethereum Researchers Leave 
EigenLayer Advisory Roles. Two top Ethereum researchers have stepped back from EigenLayer advisory roles to mitigate community concerns. - 💰 Michigan Joins the Growing List of States Investing in Crypto. Michigan's state pension fund reveals over $10M in Ethereum ETF Holdings.
📸 Daily Market Snapshot: Crypto markets sold off ahead of Tuesday's presidential election. Whether the sell-off mirrors a sudden decrease in Trump's lead across prediction market platforms or merely forecasts investor fears of a sell-the-news event for the election, BTC dominance is nevertheless pushing higher once again.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.22T | ↘ 1.9% | ↘ 5.9% |
|
BTC $67,655 | ↘ 2.0% | ↘ 3.2% |
|
ETH $2,385 | ↘ 3.4% | ↘ 7.0% |
|
SUI $1.83 | ↘ 5.3% | ↗ 4.7% |
Once a political afterthought, crypto has swiftly become a focal point in the 2024 Presidential Election.
And while there's certainly been plenty of grassroots energy powering this move, this election has also hosted unprecedented pro-crypto lobbying efforts backed by the industry's most powerful players.
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Crypto has become the largest lobbying spender this cycle. Fairshake, which has raised over $200 million from major donors like Coinbase, Andreessen Horowitz, and Ripple, and similar groups have directed their substantial resources toward supporting political campaigns across party lines, all with one goal: helping pro-crypto candidates win.
It's a major investment, but is it money well spent? 👇
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What exactly are Based Rollups? We’ve brought Ethereum Researcher Justin Drake in to give us his reasoning on why he thinks the future of Ethereum is Based.
A handful of teams are already working on this Based Rollup future so, with this episode, we’re front running it and getting you downloaded on all things Based Rollups.
Hear all of the analysis! 👇
