Crypto super PACs spent $176 million trying to influence the US elections, but majorities in both chambers now favor the industry: 50 senators and 241 members of Congress are designated pro-crypto. A North Korean attack on Binance compromised wallet-signing infrastructure and enabled the theft of billions, while THORChain processed more than $46 million in stolen funds despite an FBI warning. Crypto declined after the election, with Bitcoin down 4.5% at $74,302, Ethereum down 6.3% at $2,117 and XRP down 5% at $1.11, bringing total market capitalization to $2.49 trillion. The Ethereum Foundation now targets December 2028 to complete its post-quantum and post-AI transition, while Binance France is closing customer accounts on December 31 and Gnosis Pay disclosed a breach exposing banking and cryptocurrency wallet data.
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