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PANews reported on February 16 that, according to OnchainLens monitoring, a whale deposited USDC worth $1 million on the HyperLiquid platform and opened a long position in ETH (20x leverage), while still holding a long position in SOL (20x leverage). This whale also increased holdings in the following tokens: 20,000 SOL (worth $1.7 million) 8.5 million Fartcoin (worth $1.69 million) 30 million Mon (worth $717,000) 6.73 million XPL (worth $651,000) This whale has suffered a total loss of over $11.877 million.

According to ChainCatcher, citing The Hill, after achieving several key victories and accumulating massive funds in 2024, the cryptocurrency industry is ramping up its spending in preparation for the upcoming U.S. midterm elections.

BlockBeats News, February 16th, according to The Hill, the cryptocurrency industry, after achieving several key victories in 2024 and accumulating a huge amount of funds, is increasing its spending efforts to prepare for the upcoming U.S. midterm elections. The industry's primary super PAC network, Fairshake, had over $193 million in cash on hand in early 2026 and has announced several targets for this election cycle: including supporting Congressman Barry Moore (Republican-Alabama) in the Alabama Senate race and pushing for the removal of Congressman Al Green (Democrat-Texas) in the House election. After heavily investing in the last U.S. election and claiming victory in at least two highly watched races, this has brought some early results for the industry in Congress and elevated the position of the crypto industry in Washington. The crypto industry's impact was most significant in 2024 when it poured in tens of millions of dollars, intervening in multiple primaries and fiercely contested elections. According to the 2024 campaign finance filings, Fairshake's super PAC network, which includes three affiliated groups, spent nearly $180 million in the last cycle.