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In the world of crypto politics, a new player has entered the arena. The Defend Developers PAC is mobilizing decentralized finance money to back lawmakers who want to protect crypto developers from legal exposure. With elections approaching, it's a signal that the industry is getting more sophisticated about where it places its bets in Washington.
Meanwhile, Bitcoin is having a rough stretch, and analysts say Michael Saylor isn't the reason. Charles Schwab's Jim Ferraioli points to a broader momentum shift, with investors rotating out of crypto and into artificial intelligence plays and upcoming IPOs. When the hot money moves, it moves fast, and right now Bitcoin is watching it walk out the door.
Ethereum is facing its own headwinds. ETH has slipped below two thousand dollars, trading near one thousand eight hundred forty one, and prediction markets are giving a seventy one percent probability to a further drop toward one thousand five hundred. The technical picture isn't offering much comfort either, leaving traders to wonder how far down the floor actually is.
That's the day in tech and digital markets. Keep surfing. Tech Beat out.
