Crypto NFT Today: January Week 4
Welcome to a different version of Crypto NFT Today! The previous two weeks have been filled with must-know occasions that may outline the way forward for blockchain, cryptocurrency, and NFTs.
With an enormous Bitcoin revenue reported for Tesla this week, Fairshake asserting cash that has the potential to affect the 2026 election, and extra, there’s a number of important information it is best to learn about. So, let’s dive in and see what’s occurring!
$600 Million Bitcoin Revenue for Tesla
Tesla’s Bitcoin holdings contributed to a major surge in reported internet earnings for the fourth quarter, due to a current change in accounting guidelines for digital belongings. Tesla’s digital asset worth jumped from $184 million over the previous 4 quarters to $1.08 billion for the December interval, in line with its earnings launch on Wednesday.
This enhance follows a current coverage shift by the Monetary Accounting Requirements Board (FASB), which now requires corporations to mark their digital asset holdings to market every quarter, beginning in 2025. Previous to this transformation, corporations that owned Bitcoin needed to report their holdings on the lowest worth recorded throughout their possession, even when the asset’s worth elevated later.
Fairshake Declares Cash to Affect 2026 Election
Fairshake, the tremendous PAC funded by a few of crypto’s greatest backers, revealed Thursday that it has $116 million in money readily available, positioning itself with a considerable struggle chest for the 2026 midterm elections. The fundraising whole, which incorporates $11 million in new contributions, solidifies Fairshake as one of the crucial highly effective political forces within the nation.
“With the midterms approaching, we’re able to proceed supporting candidates who’re devoted to advancing innovation, creating jobs, and implementing considerate, accountable regulation,” Fairshake stated in a press release.
Updates on Trump Memecoins
A number of on-line marketplaces promoting Donald Trump-branded merchandise—corresponding to GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com—have begun accepting the Trump memecoin (TRUMP) as a cost methodology, along with bank cards and Bitcoin (BTC).
Funds through TRUMP might be processed by way of Solana Pay, a decentralized cost system that permits customers to ship cash on to retailers with out intermediaries. In keeping with the web site’s FAQ, the watches are made-to-order and can begin transport in October. These merchandise should not offered immediately by Trump however are a part of a licensed partnership with CIC Digital LLC, the corporate accountable for issuing the TRUMP tokens.
Bob Menendez Sentenced to Jail
Former U.S. Senator Bob Menendez, a vocal crypto skeptic, was sentenced to 11 years in jail on Wednesday after being convicted on charges of bribery and appearing as an agent for Egypt.
Menendez, a Democrat from New Jersey, was recognized for his sturdy criticism of cryptocurrency. He as soon as described Bitcoin (BTC) as an “perfect alternative for criminals” and opposed El Salvador’s adoption of BTC. “You had been profitable, highly effective, you stood on the apex of our political system,” District Choose Sidney H. Stein instructed Menendez, as reported by AP.
