Lookonchain APP

App Store

The Tether-backed pro-Trump new Super PAC, "Fellowship PAC," will allocate over $100 million to support pro-crypto policy candidates.

2025.09.16 09:00:30

On September 16th, as reported by The New York Times, the newly established super PAC "Fellowship PAC" declared on Monday that it would allocate more than $100 million to back pro-crypto policy candidates. This represents the latest action by the digital asset industry to outmaneuver political rivals and prompt legislators to safeguard industry interests in Washington. It is worth noting that, in contrast to the current leading super PAC in the crypto industry, "Fairshake," this PAC shows a greater tendency to align with the Republican Party and former President Trump. According to filings, the treasurer of the Fellowship PAC is an executive from the Wall Street firm Cantor Fitzgerald, who was previously headed by Commerce Secretary Howard Lutnick. According to two sources with knowledge of the matter, supporters of this organization are anticipated to include the world's largest stablecoin issuer, Tether. This foreign company recently set up a U.S. entity, enabling it to fund the super PAC. Tether has been accused of financial fraud and facilitating platform crimes. However, it has recently been actively engaging with the Trump administration, such as hiring former Trump crypto advisor Bo Hines last month and collaborating closely with Cantor Fitzgerald, which is run by Lutnick's son.
Relevant content

Monday price preview for US and South Korean stock markets: SK Hynix is projected to open down approximately 3.8%, with most US stocks trading lower in pre-market hours.

During the weekend when traditional financial markets are closed, Trade.xyz, dubbed the "on-chain Nasdaq", enables continuous trading and real-time price discovery via perpetual contracts—features unavailable in traditional finance—allowing it to pre-price Monday's US and South Korean stock market performance. Most popular US stocks on Trade.xyz have weakened compared to their Friday after-hours levels, and are expected to open slightly lower overall in pre-market trading on Monday. Their weekend performance is as follows: - SpaceX: Currently priced at $138.38, versus $136.26 in Friday's US after-hours trading - Micron (MU): Currently at $753.68, down from $761.2 in Friday's US after-hours - SanDisk (SNDK): Currently trading at $850.49, compared to $865.98 in Friday's US after-hours - NVIDIA: Currently priced at $160.12, versus $161.04 in Friday's US after-hours - Marvell Technology (MRVL): Currently at $152.2, down from $152.588 in Friday's US after-hours - Intel: Currently trading at $57.622, compared to $58.65 in Friday's US after-hours - Google: Currently priced at $291.45, versus $294.05 in Friday's US after-hours - AMD: Currently at $518.09, down from $521.241 in Friday's US after-hours Popular South Korean stocks on Trade.xyz have edged lower compared to their Friday closing prices. Their weekend performance is as follows: - Samsung Electronics: Currently trading at $148.94, versus a Friday close of $154.27 - SK Hynix: Currently priced at $876.23, down from a Friday close of $910.638

4 hours ago

Binance will adjust the contract size of the ANTHROPIC USD-margined Pre-IPO perpetual contract and rename it to ANT.

According to an official announcement, Binance will adjust the contract size of the ANTHROPICUSDT USDT-margined Pre-IPO perpetual contract and rename the contract to ANTUSDT USDT-margined Pre-IPO perpetual contract at 16:30 (UTC+8) on November 17, 2026. The adjustment is expected to be completed at 19:00 (UTC+8) on the same day. After completion, the contract will enter a 5-minute cancel-only (cancellation only) phase. Previously, the estimated share count for the contract was 1 billion shares as of June 2, 2026, while the adjusted estimated share count is 13,116,075,288 shares.

4 hours ago

The number of signatures on the petition calling for Jensen Huang's return has surpassed the 150,000 mark, with well-known public figures including Elon Musk and Tom Lee having publicly expressed their support.

The petition drive urging NVIDIA’s board to reinstate Jensen Huang continues to gain momentum. To date, the website has collected 151,083 signatures, including 7,380 current NVIDIA employees, 1,381 former employees, and 80,205 shareholders, among others. High-profile figures including Elon Musk, Tom Lee, and Replit CEO Amjad Masad have publicly added their names to the petition. On November 12, 2026, NVIDIA announced that Jensen Huang was stepping down as chief executive officer, effective immediately, marking the end of his 33-year tenure leading the company he co-founded. Campaign organizers and signatories express concern that Huang was forced out without due process or adequate time to defend himself, and are demanding the board provide an explanation. The open letter’s core requests to NVIDIA’s board are: reinstate Huang as CEO pending an independent investigation into the facts; if he remains in a leave of absence, provide evidence-backed justifications. The letter also calls for an independent investigation with clear scope and timeline, a fair opportunity for Huang to defend himself, and timely public disclosures addressing concerns, evidence, and trade-offs for employees and shareholders. The letter stresses: “Thirty-three years of leadership do not mean immunity from accountability, but accountability requires evidence and due process, not a public trial by the crowd.” The website notes that the campaign is independent and has not been endorsed by NVIDIA or Jensen Huang personally.

4 hours ago

US Treasury Secretary warns Federal Reserve against further monetary policy tightening.

US Treasury Secretary Scott Bessent warned the Federal Reserve against further monetary policy tightening during an appearance on Fox News.

4 hours ago

US Treasury Secretary: Significant changes needed to NVIDIA's leadership

US Treasury Secretary Scott Bessent said NVIDIA's leadership needs "significant adjustments" and the company should seek a new leader externally.

4 hours ago

US Senator Lummis: Democratic Party Opposes Consumer Protection Provisions of the CLARITY Act

US Senator Cynthia Lummis, one of the lead drafters of the CLARITY Act, posted a statement saying that Democrats had called for establishing a mandatory SEC review mechanism, requiring crypto projects to submit relevant information and obtain SEC certification before offering products to the public. The CLARITY Act incorporated this requirement, but Democrats ultimately voted against the bill. Lummis argued that this means Democrats opposed measures aimed at protecting consumers.

4 hours ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano