Anthony Scaramucci Points To $193 Million War Chest As Catalyst For Chuck Schumer’s Crypto Push: ‘Money Talks’

SkyBridge Capital founder Anthony Scaramucci is crediting a massive surge in industry campaign funding for a sudden shift in legislative urgency, as Senate Majority Leader Chuck Schumer reportedly intensifies efforts to pass a comprehensive crypto market structure bill called the CLARITY Act.

The $193 Million Catalyst

The sudden acceleration of the crypto market structure bill follows a closed-door meeting on Wednesday where Schumer reportedly urged Senate Democrats to get the legislation “over the finish line.”

The urgency is directly linked to an announcement by the crypto PAC (Political Action Committee) Fairshake, which has amassed a $193 million war chest for the 2026 midterms.

Benzinga

Short-Seller Andrew Left Blasts Michael Saylor’s ‘Bitcoin Reactor’ As Q4 Losses Mount: ‘More Jargon…More Nonsense’ – Strategy (NASDAQ:MSTR)

Jargon Vs. Reality

The dispute centers on Executive Chairman Michael Saylor’s recent descriptions of his firm as a “Bitcoin treasury company” powered by a “Bitcoin reactor.” Left fired back via social media, mocking the terminology used to justify the company’s massive debt-fueled acquisition strategy.

“I admit when I heard it I thought maybe I am ignorant and don’t understand, turns out the more jargon the more nonsense,” Left stated. The “nonsense” Left refers to includes Saylor’s claims that Strategy can “strip the volatility” off fixed-income securities and generate a “BTC spread” of up to 90%.

While Saylor previously bragged, “We’re making 500 million a…

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Bitcoin Price Plunges 50%, Drawdown Nears FTX-Era Crash

Bitcoin price is experiencing one of the most dramatic selloffs in its history Thursday, sliding sharply through key support levels and sparking massive liquidations in the derivatives market. 

According to Bitcoin Magazine Pro data, the world’s largest cryptocurrency crashed through critical floors, dipping towards the $62,000 floor, marking the largest raw dollar drawdown ever recorded for BTC.

The October 2025 all-time high above $126,000 now sits roughly $63,000 above current bitcoin price levels, as panicked selling intensified across exchanges. 

This drawdown is now 50% from all-time highs and places it alongside some of Bitcoin’s most extreme historical…

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The Payments Giants Quietly Supporting Bitcoin Circular Economies

While many hyper focus on the bitcoin price and its occasional intense volatility, there is a whole cohort of Bitcoiners that are quietly building Bitcoin circular economies with deep social impact around the world, in areas where Bitcoin is a save heaven asset today, compared to the local economies and circumstances.

One such company is Paystand, a B2B payments giant that has gone under the radar as a major user of Bitcoin for domestic and international corporate payments. Paystand enables companies to handle receivables, payables, expenses, cross-border payments, issue corporate spend cards, and streamlines payroll dynamics with Bitcoin-sensitive accounting software. Paystand serves…

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Dogecoin, Shiba Inu Crater 10% As Historic Eight-Figure Outflows Hit

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have crashed 11%, with Bitcoin’s (CRYPTO: BTC) collapse triggering panic selling across meme coins.

The Capital Flight From DOGE

Spot data shows a massive $29.67 million outflow from Dogecoin on Thursday—one of the largest single-day outflows in months. 

The netflow pattern shows predominantly red bars with persistent distribution, indicating sustained lack of buyer interest.

The $0.10 break is devastating. This psychological level had been defended multiple times, but the breakdown signals capitulation. 

DOGE now tests the lower boundary of its descending channel around $0.09.

Moreover, all EMAs sit above price: 20 EMA at $0.11597, 50…

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Bitcoin, Ethereum, XRP Plunge 10% In $1.5 Billion Liquidation Tsunami

Bitcoin fell right through the $70,000 mark on Thursday, with over $1.5 billion in liquidations sweeping through the markets.

Notable Developments:

Trader Notes: Trader Altcoin Sherpa said Bitcoin is revisiting its 200-week exponential moving average for the first time since 2023, a level that has historically acted as strong long-term support.

While brief dips below are possible, he views the $60,000 region as a reasonable zone to begin accumulating.

Crypto Tony warned that Bitcoin has broken below the 200-week EMA in prior cycles, most notably in 2022, when prices eventually fell roughly 44%.

A similar move would imply downside toward the $35,000 area, which he has previously flagged as a…

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Strategy ($MSTR) Falls 15% As Investors Brace For Earnings

Shares of Strategy dropped sharply Thursday, tumbling more than 15 % in heavy trading as markets reacted to deepening weakness in Bitcoin and ahead of the company’s quarterly earnings report scheduled after the market close. 

Analysts are pricing in a sizable post-earnings move for Strategy, with options markets implying a potential swing of roughly ±8.3% to 8.7% following the report. 

The company’s Q4 2025 earnings call is set for later today at 5 p.m. ET, with a livestream available on Bitcoin Magazine’s YouTube channel.

It’s been a rough week for Strategy, tumbling from the $150 range to sub $110 per share.

The decline marked one of the largest single‑day…

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Bitcoin Is More Attractive Than Gold

Bitcoin’s long-term investment case relative to gold has strengthened, according to JPMorgan, even as the cryptocurrency suffers one of the sharpest market pullbacks in its history.

In a new note, JPMorgan analysts reportedly said Bitcoin’s risk-adjusted profile versus gold has improved after gold’s strong outperformance over the past year and a notable rise in volatility for the traditional safe-haven asset.

The divergence between the two assets has been stark. Since October 2025, gold has climbed roughly a third, while BTC has fallen nearly 50% from its peak above $126,000. 

The downturn marks four consecutive months of declines — a stretch not seen since before…

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