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“Make Bitcoin Great Again” hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Former US President Trump used to be a crypto critic but in recent weeks adopted a much friendlier stance alongside the sector’s emergence as an influential player in the 2024 presidential election through big donations to a political action committee.

Bloomberg | Bloomberg | Getty Images

With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group’s agenda over the top.

Fairshake, which has been one of the top spenders across any industry this election cycle, doled out nearly $29 million in September, according to Federal Election commission data released to the public on Sunday. Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that’s favored Republicans, and $5 million to Protect Progress, which has only supported Democrats.

The remaining $8.8 million spent by Fairshake last month mostly went to House races in New York, Nevada and California, according to FEC data compiled by crypto market and blockchain analyst James Delmore and verified by CNBC. 

Several of those races are considered toss-ups by the Cook Political Report. Among the recipients were Southern California Republicans David G. Valadao and Michael Garcia, who are both in tights contests to keep their seats. They’ve received $1.3 million and $1 million, respectively.

“The Fairshake donations to the California candidates in toss-up districts are important not only to get pro-crypto candidates elected in House seats that could go either way, but also because a lot of crypto companies are still located in California,” Delmore said. “California needs all of the pro-crypto politicians they can get.”

Additionally, Fairshake gave more than $1.9 million to Rep. Patrick Ryan (D-NY), over $1.7 million to Rep. Steven Horsford (D-Nev.) and almost $1 million to Rep. Angela Dawn Craig (D-Minn.). The remaining cash went to a mix of candidates in Illinois, Colorado, Oregon, Iowa and Arkansas.

Of the House donations, $6.2 million went to Democratic candidates and $2.3 million to Republicans. In the September window, Protect Progress gave more than $10 million apiece to Democrats running for Senate in Arizona and Michigan.

For the 2024 cycle, political donations from or supporting the crypto industry reached around $190 million, with contributions coming from some of the biggest names in the sector. A report from Public Citizen in August found that crypto companies have accounted for nearly half of all donations made by corporations this election cycle.

Crypto groups have spent over $130 million in congressional races for this year’s election, including the primaries, according to FEC data.

Delmore told CNBC that donations to Fairshake have been tepid the last few months.

In September, the group added around $1.1 million, with $800,000 coming from crypto firm Consensys, which was sued by the SEC in June, and $1,000 from Moonsong Labs CEO Derek Yoo.

In total, Fairshake has raised more than $160 million and disbursed over $37 million to support House candidates and to run ads opposing Democrat Katie Porter, who lost in the California Senate primary. More than $84 million was transferred to Fairshake’s affiliate PACs.

WATCH: Crypto PAC money backs Utah Senate candidate and others across U.S.

Crypto PAC money backs Utah Senate candidate and others across U.S.

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Blink + Hubject unlock easier EV charging across North America

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Blink + Hubject unlock easier EV charging across North America

Blink Charging (Nasdaq: BLNK) has struck a deal with Hubject to make charging easier for EV drivers across North America.

The agreement will bring Blink into Hubject’s intercharge eRoaming platform as a charge point operator. That means electric mobility service providers (eMSPs) and their customers in the US, Canada, and Mexico will soon have access to Blink’s charging stations through their existing apps. In turn, Blink drivers will gain better access to stations connected through Hubject’s network.

Hubject, which already connects more than 1 million charging points and 2,750 partners worldwide, expects the integration to strengthen its North American presence by adding Blink’s wide-ranging network of chargers, from Level 2 workplace stations to DC fast charging. Blink, meanwhile, anticipates more customers will plug in, thanks to Hubject’s reach.

“Our collaboration with Blink marks an important step in expanding our North American intercharge network,” said Trishan Peruma, CEO of Hubject North America. “By integrating Blink’s network into our eRoaming platform, we aim to help reduce barriers that have historically complicated EV charging and to support the continued growth of EV adoption across the United States, Canada, and Mexico.”

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Blink Charging’s president and CEO Mike Battaglia added, “Connecting the Blink Network to Hubject’s platform will allow more drivers to benefit from interoperable charging while traveling.”

The integration will use the industry-standard OCPI protocol to keep billing and communication between networks secure and reliable. Deployment is planned in phases throughout 2025, with full integration targeted for the end of the year.

Read more: Blink just made it a lot easier to find its charging stations


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The Hyundai IONIQ 5 N gets a new Essentials trim in Korea and a lower price tag

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The Hyundai IONIQ 5 N gets a new Essentials trim in Korea and a lower price tag

Hyundai wants to make the electric sports car for everyone. Not just those who can afford it. The new Hyundai IONIQ 5 N Essentials trim was launched in Korea on Monday, offering a lower price tag but the same thrilling drive.

Hyundai launches new IONIQ 5 N Essentials in Korea

The IONIQ 5 N is Hyundai’s first EV sports car under the IONIQ series. Initially launched in 2023, the IONIQ 5 N marked a new era for Hyundai’s high-performance N division.

Hyundai’s electric hot hatch not only looks the part with added sporty “N” branded elements scattered inside and out, but it’s also packed with fun features, advanced tech, and a host of drive modes.

Based on a dual-motor all-wheel drive (AWD) powertrain, the IONIQ 5 N delivers up to 641 horsepower when N Grin Boost is engaged. Even without it, the electric sports car packs 601 hp.

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It also draws power from an 84 kWh battery, good for an EPA-estimated range of 221 miles. On the WLTP scale, it’s rated with an official range of 278 miles (448 km). The added power results in a lower range than other IONIQ 5 trims.

Hyundai-IONIQ-5-Essentials
The new Hyundai IONIQ 5 Essentials trim (Source: Hyundai)

Although it was already one of the most affordable sports cars, EV or gas-powered, Hyundai is lowering the price even further.

After launching the new Essentials model in South Korea on Monday, Hyundai said the new trim “is characterized by lowering the barrier to entry so that customers can experience the overwhelming driving performance of the IONIQ 5 N at a reasonable price through optimized specifications.”

Hyundai-IONIQ-5-Essentials
The new Hyundai IONIQ 5 Essentials trim (Source: Hyundai)

Hyundai focused on core convenience features while including the same high-performance motors, battery, and N-specific elements as the base model.

A Hyundai official said, “The Essential trim of the IONIQ 5 N is a new trim that offers greater cost-effectiveness to lower the barrier to entry for high-performance electric vehicles.”

Hyundai-IONIQ-5-Essentials
The Hyundai IONIQ 5 N (Source: Hyundai)

The IONIQ 5 N features advanced driver assistance systems (ADAS), including highway driving assist and navigation-based smart cruise control. Hyundai has also added an exclusive new “Parking Assist Lite” package, offering safety and convenience features such as surround view monitoring and rear parking assistance.

The new Hyundai IONIQ 5 N Essentials trim starts at 74.9 million won ($54,000), including tax benefits. Hyundai said it will continue to make competitive products so more buyers can experience high-performance EVs.

Hyundai-IONIQ-5-N
2025 Hyundai IONIQ 5 N (Source: Hyundai)

Although the Essentials trim is not available in the US, the IONIQ 5 N is still more affordable than most sports cars. The 2025 Hyundai IONIQ 5 N starts at $66,200. But, with the $7,500 tax credit, which is set to expire on September 30, leases are currently listed as low as $549 per month.

Looking to test the IONIQ 5 out for yourself? You can use our link to find the Hyundai IONIQ 5 and high-performance N models near you today (trusted affiliate link).

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In a blow to Trump, judge clears Ørsted’s Revolution Wind to resume

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In a blow to Trump, judge clears Ørsted’s Revolution Wind to resume

A federal judge has cleared the way for Ørsted’s nearly complete 704-megawatt (MW) Revolution Wind offshore wind farm to restart construction, overturning a stop-work order imposed by the Trump administration.

Reagan-appointed senior US District Judge Royce C. Lamberth granted a preliminary injunction in Washington, DC, calling the government’s conduct “the height of arbitrary and capricious government conduct.” He added, “If Revolution Wind cannot meet benchmark deadlines, the entire project could collapse. There is no doubt in my mind of irreparable harm to the plaintiffs.”

Ørsted welcomed the ruling and said in a statement, “Revolution Wind will continue to seek to work collaboratively with the US Administration and other stakeholders toward a prompt resolution. Revolution Wind will resume impacted construction work as soon as possible, with safety as the top priority.”

The decision marks a significant setback for the Trump administration’s attempts to stall offshore wind development. Revolution Wind is already about 80% complete, with all turbine foundations and 45 of 65 turbines successfully installed, and expected to power 350,000 homes in Rhode Island and Connecticut. Earlier this month, the two states’ attorneys general announced they were suing the Trump administration to overturn its “baseless” decision to halt Revolution Wind. That underlying lawsuit challenging the stop-work order will continue to progress.

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Oceantic Network CEO Liz Burdock said, “Today’s decision allowing work to resume on Revolution Wind is welcome news for the hundreds of skilled workers who can now return to their jobs while the legal process continues. This Made in America energy project is putting Americans to work building reliable, affordable power to communities across New England that desperately need it.”

Read more: Connecticut, Rhode Island sue Trump to save 80% complete offshore wind farm


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