CryptoPAC Spends $10 Million to Unseat 20-Year Anti-Crypto Congressman, Boosts Newcomer Menefee
May 27 — Crypto journalist Eleanor Terrett is reporting that in Texas’ 18th Congressional District Democratic primary runoff, first-time candidate Menefee has unseated 20-year incumbent Al Green. The crypto industry’s leading super PAC Fairshake and its affiliates poured roughly $10.5 million into Menefee’s campaign: $6.5 million to back his bid directly, and an additional $4 million focused on opposing Green.
Green, who voted against pro-crypto legislation such as the GENIUS Act and CLARITY Act, received an “F” rating from crypto advocacy group Stand With Crypto’s scorecard. This marks the first Democratic incumbent congressman to lose their seat this election cycle over an anti-crypto stance.
In a post-election statement, Fairshake stated bluntly: “Congressman Green’s defeat proves that hostility toward crypto will have tangible electoral consequences. Fairshake was a key factor in this campaign, and we will continue to strongly support leaders like Congressman Menefee nationwi
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Coinbase Partners with Standard Chartered to Expand Fiat On-Ramp for Institutional Clients
On May 27, Coinbase announced a partnership with Standard Chartered Bank to expand its global multi-currency fiat funding channels for institutional clients. The collaboration adds support for the Australian dollar (AUD), Singapore dollar (SGD), Canadian dollar (CAD), and Swiss franc (CHF), while enabling euro (EUR) and British pound (GBP) settlements via the global systemically important bank. The new service is available on both Coinbase Prime and Coinbase Exchange. Coinbase also noted that it will continue advancing capabilities for local fiat-to-stablecoin conversions and settlements moving forward.
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FTX's next round of reimbursements is expected to have a registration date of June 16, with reimbursements expected to commence on July 31.
On May 27, FTX officially announced that the registration window for its next round of reimbursements is set for June 16, applicable to users holding approved FTX claims and equities. The upcoming reimbursement round is expected to kick off on July 31, 2026. Preferred stockholders will receive their next payment on this same date, with the registration deadline also falling on June 16. Meanwhile, approved NFT customer equity claimants can begin the NFT distribution process starting June 30, 2026. FTX additionally filed an amended notice to slash its disputed claims reserve by roughly $6 billion. Once the court approves the adjustment, the released cash will be allocated to subsequent distributions.
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「Son of Wall Street Bets」 Leopold Secures Another Victory, Portfolio Soars, New Position TI Surges 29.33%
On May 27, per Bitget market data, 25-year-old Wall Street AI stock whiz Leopold Aschenbrenner notched another win. His Situational Awareness LP posted broad gains this morning across its Q1 2026 holdings, with increases seen in:
- Sandisk (SNDK): 7.5% rise
- IREN: 5.19% gain
- CleanSpark (CLSK): 7.26% jump
- RIOT: 6.47% surge
- CORZ: 4.39% uptick
- CRWV: 0.38% increase
Additionally, his newly added Q1 positions in TE soared 29.33%, while HIVE edged up 0.74%.
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Sharplink and Forward to Be Included in the FTSE Russell Index
May 27 update: Ethereum treasury firm Sharplink and Solana treasury company Forward Industries will be added to the Russell 2000 and Russell 3000 indexes following FTSE Russell’s annual reconstitution, with the changes set to take effect at market open on June 29.
Sharplink currently holds 868,699 ETH, valued at nearly $1.8 billion, making it the second-largest Ethereum treasury company globally, trailing only BitMine. For its part, Forward Industries is the largest public holder of Solana, with holdings totaling roughly $585 million worth of SOL. This marks the first time FTSE Russell indexes have included treasury firms focused primarily on crypto assets other than Bitcoin.
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Bullseye! UBS Top Analyst Roars as Micron Hits Wall Street’s Loftiest Target of $1625, Fueling AI Memory with the Ultimate Catalyst
May 27th – UBS senior analyst Timothy Arcuri released a new research report, raising Micron’s 12-month target price from $535 to $1625—a 204% surge that sets a new Wall Street record high for MU, while the firm maintained its "Buy" rating.
Stimulated by the news, Micron soared nearly 20% in U.S. premarket trading, with its market capitalization topping $1 trillion to hit an all-time high. Arcuri’s bullish forecast is viewed as the strongest catalyst for the AI memory sector.
Arcuri stands out as a top-tier analyst: he has ranked in TipRanks’ global top 5 analysts for a long time, covering giants like NVIDIA, Apple, and Tesla. His historical recommendation success rate hits 73% with an average return of 33%, and boasts an impressive 94% win rate for NVIDIA calls. He is renowned for bold, prescient judgments on the semiconductor cycle, with a proven track record: in June 2018, he accurately called the peak of the memory cycle, assigning MU a "Sell" rating that preceded a 51% stock decl
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