(Bloomberg) -- Bitcoin again poked above the $70,000 level and flirted with a gain for a fifth straight session, reflecting greater confidence in global markets about the prospect of Federal Reserve interest-rate reductions this year.Most Read from BloombergModi Vows to Retain Power Even as Party Loses India MajorityShort Sellers in Danger of Extinction After Crushing Stock GainsBonds Rally as Traders Reload Fed Bets After Data: Markets WrapModi’s Magic Is Fading Fast. Who’s Next for India?Black
Bain Capital has been an active investor in crypto since its initial fund launch, participating in a $115 million round for Sam Altman's Worldcoin.
The president of U.S. crypto firm Ripple is "optimistic" that a lobbying push by the crypto industry will yield results in this year's U.S. elections, after her company helped the industry lead a record fundraising haul to back political candidates who are crypto-friendly. San Francisco-based Ripple is the second-largest donor to Fairshake, a so-called super PAC, which has raised $92.9 million in a bid to influence the congressional elections in November in favor of the crypto industry, according to OpenSecrets, a research group that tracks influence in politics. Independent political action committees known as super PACs may raise unlimited sums of money from corporations, unions, associations and individuals, then spend unlimited sums to overtly advocate for or against political candidates.