Author: RedWave Media

A U.S.-traded spot Ethereum (ETH) exchange-traded fund (ETF) recorded net outflows of $476 million in its first month of trading, unable to overcome outflows caused by Grayscale’s ETHE unlock.Bloomberg senior ETF analyst Eric Balchuna praised the “heroic” performance of the Newborn Nine Spot Bitcoin (BTC) ETF, which saw inflows far dwarfing the massive outflows experienced by GBTC.This performance contrasts with the $5 billion in inflows that a Bitcoin ETF recorded over a similar period after its launch.Analysts cite several factors as the reason for this disparity, including Bitcoin’s “first-mover advantage,” the lack of staking options for Ethereum ETFs, and reduced…

AP Image Democratic political consultant James Carville had an important message in today's New York Times. Vice President and Democratic presidential nominee Kamala Harris must abandon Joe Biden's failed policies if she wants to defeat Donald Trump.It was the most notable of three pieces of advice Carville gave to the Jamaican-Indian presidential candidate – the other two were to allow former President Donald Trump to self-destruct in the upcoming debates and to abandon the crazy policies Harris put forward in 2020.That rancid neo-Marxist menu has come back to haunt Harris in a video that has gone viral on social media.…

“And the second is a way for validators to effectively receive issuance,” Boisron added. “Effectively, if you think about these new chains that are emerging, they're going to want to decentralize over time, so they need to incentivize people to actually run decentralized groups and decentralized provers, not just have a centralized sequencer. How can you do that if you don't have a token or don't want to issue a token yet? Effectively, this allows a portion of the POL issuance to actually go towards decentralizing the network and POL holders to receive fees from that network.”

Ron Paul The Penn Wharton Budget Model, a think tank based at the University of Pennsylvania, recently released a study arguing that former President Donald Trump's economic plan would increase the national deficit by about $4 trillion over 10 years, while Vice President Kamala Harris' economic plan would increase it by about $2 trillion.VP Harris would increase the deficit primarily by expanding refundable tax credits such as the Child Tax Credit. Low-income Americans qualify for refundable tax credits even if they have a low federal tax burden. Thus, the proposal includes welfare programs disguised as tax credits. VP Harris also…

The Threshold community proposed merging tBTC and WBTC. The proposal was born out of concerns about the stability of WBTC due to Justin Sun’s involvement. According to the proposal, BitGo would receive T tokens and become a major shareholder in the Threshold network. In a strategic move to safeguard the future of Wrapped Bitcoin (WBTC), a proposal called “#saveWBTC – Threshold’s Merger with tBTC” has been submitted to merge Threshold’s decentralized tBTC token with BitGo’s WBTC. The proposal, which is currently being discussed on Threshold's forum page, comes as concerns about WBTC's stability are growing within the crypto community following…

AP Image If former President Donald Trump gets his way in the White House, fellow billionaire entrepreneur Elon Musk, who owns X, Tesla and SpaceX, may have another job to do: target wasteful government spending.According to The Washington Post, Musk is unlikely to receive a cabinet post, but he may end up consulting with President Trump about making government more efficient.Musk has voiced some interesting ideas about X, much to the consternation of the left, who are hoping to see him in jail since they no longer control social media platforms. This great article is available to subscribers only. Are…

Seamartini/iStock/Getty Images Plus David Rosenberg of Rosenberg Research tracks 20 recession “indicators.” Two years ago, there were just two indicators pointing to a recession. Last year, the number of indicators predicting a recession rose to five. As of Friday, that number jumped to nine.”What is the best recession indicator? That's a hard question to answer, but why not look at all of them?” Mr. Rosenberg said. Reviewing the indicators last week, he wrote: “45% of the recession indicators we track today have already triggered. Going back to 1999, we have never had an economic downturn without one.”Five of the nine…

AP Image “They didn't just change the tack to put Hillary ahead[over Donald Trump]. They went back and changed the outcome,” the late Democratic pollster and strategist Pat Caddell said in 2016. “They didn't tweak the process, they fudged it.” Caddell wasn't talking about an unnamed news organization when he made that comment. He was talking about Reuters, the world's second-largest media company.Caddell added that he had never seen a journalism organization “behave so dishonestly” in his life, a question that arises given that Reuters is also ranked the “second most trusted news brand.”What would Caddell say about polls today…

AP Image “They didn't just change the tack to put Hillary ahead[over Donald Trump]. They went back and changed the outcome,” the late Democratic pollster and strategist Pat Caddell said in 2016. “They didn't tweak the process, they fudged it.” Caddell wasn't talking about an unnamed news organization when he made that comment. He was talking about Reuters, the world's second-largest media company.Caddell added that he had never seen a journalism organization “behave so dishonestly” in his life, a question that arises given that Reuters is also ranked the “second most trusted news brand.”What would Caddell say about polls today…

AP Image Tel Aviv protesters Mass protests have erupted across Israel after six more hostages were found dead in Gaza. Protesters are calling on Prime Minister Benjamin Netanyahu to agree to a ceasefire with Hamas and allow the remaining hostages to return home. The massive demonstrations, which began late Sunday and continued into Tuesday, are reportedly the largest in the 11 months since the conflict began.The protests come amid growing discontent over Netanyahu's handling of the Gaza attacks and his refusal to agree a ceasefire. A majority of Israelis support an agreement that would end hostilities and guarantee the release…