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On the eve of the U.S. midterm elections, the Democratic Party is only 4 seats away from a majority

According to CNN, on the eve of the U.S. midterm elections, the Democratic Party is close to regaining a majority in the Senate, but several key seats remain in a deadlock, and deep red states could tilt toward either party.CNN has expanded its list of "most likely to flip" to 11 seats, adding South Carolina, Texas, Kansas, and other battlegrounds that were almost overlooked earlier this year. The Democrats need to flip 4 Republican-held seats and hold all their own seats to secure a Senate majority.Reports indicate that CNN's poll aggregation shows Trump's approval rating at about 34%, with issues like the economy, the Iran war, and corruption driving Democratic mobilization.In the final month, Republicans spent about $560 million on election ads in the aforementioned 11 races, while Democrats spent about $521 million; excluding Georgia and North Carolina, the Republican advantage is even greater.The top-ranked races include: North Carolina Democrat Roy Cooper leading Republican Michael Whatley by about 14 percentage points in the High Point/YouGov final poll, listed as the most likely to flip seat; former Ohio Senator Sherrod Brown averaging a lead of about 5 percentage points; Texas's James Talarico facing Ken Paxton, with CNN's aggregation showing no clear leader, but recent New York Times/Siena and CNN polls indicate Talarico is ahead, with Musk-related spending accounting for over $168 million of Republican ads in the state. The remaining list includes Maine, Alaska, Kansas, Iowa, Michigan, New Hampshire, South Carolina, and Georgia.

The three major political action committees in the U.S. cryptocurrency industry spent approximately $170 million to influence the midterm elections, with funding clearly favoring the Republican Party

According to CoinDesk, as the U.S. midterm elections on November 3 approach, the three major political action committees (PACs) in the cryptocurrency industry have collectively invested about $170 million to support congressional candidates, with the overall funding flow clearly favoring the Republican Party, despite recent polls and prediction markets indicating that the Democratic Party is more likely to expand its influence in Congress.Among them, Fairshake, supported by Coinbase, a16z, and Ripple Labs, has invested about $154 million and retained approximately $56 million for the next round of elections. The Digital Freedom Fund, backed by the Winklevoss brothers, has invested over $8 million this month, focusing on preventing Democratic candidates in Ohio, Texas, and Iowa from winning Senate seats. The Fellowship Fund, closely related to Cantor Fitzgerald and Tether, primarily supports Republican candidates while providing a total of $600,000 to three incumbent Democratic lawmakers.Reports indicate that Fairshake has invested nearly $56 million to prevent former Democratic Senator Sherrod Brown from returning to the Senate and has invested nearly $11 million to support Nebraska Republican Senator Pete Ricketts.Currently, the prediction market Kalshi gives the Democratic Party about a 70% chance of controlling both the House and Senate simultaneously. Even if the Republican candidates supported by the cryptocurrency industry win, significant legislation regarding the future structure of the cryptocurrency market and taxation will still need to seek Democratic support to overcome the procedural threshold of 60 votes typically required in the Senate.
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