The US crypto industry has invested over $100 million to block Sherrod Brown's re-election as senator.

[Tether Treasury Transfers 300 Million USDT to Unknown Wallet] Tether Treasury transferred 299,999,900 USDT, worth approximately $300 million, to an unknown wallet.

[799 BTC transferred from Kraken to an unknown wallet, worth $62.33 million] 799 BTC were transferred from the Kraken exchange to an unknown wallet, worth approximately $62.33 million.

Ahead of the November 3rd US midterm elections, crypto industry political action committees have collectively invested nearly $170 million, generally favoring Republican candidates. Fairshake and its affiliates invested $154 million and reserved $56 million. The Digital Freedom Fund invested over $8 million to prevent Democratic candidates from winning Senate seats in Ohio, Texas, and Iowa. The Fellowship Fund invested $3.8 million in Republican candidates and $600,000 in Democratic candidates, including $300,000 supporting New York Representative Ritchie Torres. Fairshake's financial backers include Coinbase, a16z, and Ripple Labs.

Hyperliquid's total withdrawals have surpassed $100 billion. (Source: HyperliquidNews)

Alex Thorn, head of research at Galaxy, said that the adjusted discount of Bitcoin to USDT on Coinbase has widened to its largest level this year. Binance's suspension of withdrawals has restricted cross-platform arbitrage activities. As Binance resumes withdrawals, the price difference between the two exchanges will need to be monitored.