Author: RedWave Media

The Eigen Foundation has entrusted 1% of the EIGEN token supply to the Protocol Guild, a group dedicated to Ethereum Layer 1 research and development.According to CryptoSlate data, the total supply of EIGEN tokens is over 1.6 billion. With this pledge, Protocol Guild will receive up to 1.6 million EIGEN tokens, valued at approximately $8 million, based on the current price of $5 per token.The Eigen Foundation said the pledge transaction will be implemented soon.Ethereum development supportIn a Dec. 13 post on X (formerly Twitter), the foundation explained that this pledge strengthens its goal of supporting the growth and sustainability…

Hill won the second round, defeating three other crypto-friendly Republicans Current chair Patrick McHenry will retire on January 25, 2025 Hill is a digital Has supported several crypto bills, including one to regulate assets. Crypto-friendly French Hill will become chairman of the U.S. House Financial Services Committee in the new Congress next year. Hill, a Republican, won on December 12 in a race against Kentucky's Andy Barr, Michigan's Bill Huizenga, and Oklahoma's Frank Lucas, all of whom were crypto-friendly. . In a statement after his win, Hill said he was “humbled” to serve as the next chairman of the House…

Bitcoin (BTC) isn’t the only one setting milestones. HyperLiquid, the leading on-chain perpetual transaction protocol running on a custom-built layer 1 blockchain, is also setting impressive records, with the platform seeing more activity in Ether (ETH) than Bitcoin.According to DefiLlama, the cumulative value of forever-forever transactions on the platform has soared to over $500 billion, marking a staggering 15x increase since the beginning of the year.The platform has seen an average daily trading value of over $5 billion over the past seven days, accounting for over 45% of the total on-chain perpetual market trading volume in the past 24 hours.What's…

Eonelen/iStock/Getty Images Plus The Montana Supreme Court on Wednesday upheld a lower court's decision to block enforcement of a 2023 state law banning so-called gender-affirming procedures such as sex-reassignment surgeries for children. Opponents of the law argued it violated the state constitution, and six of the seven justices agreed.Justice Beth Baker wrote the majority opinion affirming that the lower court was correct when it issued a preliminary injunction against the law. The court also ruled that the original lawsuit challenging the law may proceed.The Big Sky Country Superior Court cited the state's privacy rights as a reason to…

AP image The Biden administration continues to carry out its nefarious plan to neutralize President-elect Donald Trump's plan to thwart the illegal alien invasion that President Joe Biden illegally invited and authorized.The destructive administration is selling border wall materials at fire sale prices in order to remove them before President Trump takes office.The Daily Wire obtained footage from Border Patrol agents that showed “unused sections of wall being loaded onto the back of a flatbed truck from the border area just south of Tucson, which has been a hotspot for illegal border crossings under the Biden administration. The…

The Texas Legislature has introduced a bill to establish a state-controlled Bitcoin reserve with the aim of exploring the potential role of cryptocurrencies in public finances.The bill, introduced by Republican Rep. Giovanni Capriglione on Dec. 13, would allow states to collect taxes, fees and contributions in Bitcoin and hold the assets for at least five years.The proposal, titled “An Act Concerning the Establishment of a Bitcoin Reserve in the Texas Treasury and Control of Cryptocurrency by Government Agencies,” does not include any provision for the state to directly purchase Bitcoin.Instead, it focuses on building reserves through voluntary contributions and payments.The…

Designer491/iStock/Getty Images Plus The Biden administration has not been able to deport approximately 1.5 million illegal aliens through deportation orders, but it is still facing a mass influx of penniless third-world illegal aliens that Biden not only invited but illegally aided and abetted. If you think about it, it's not shocking news at all.And interestingly, on the same day that FOX News' Bill Melgin posted a breakdown of that number on X, the New York Times finally confessed that the administration had allowed illegal aliens to enter. “The recent immigration surge is the largest in U.S. history,” the…

Punchbowl News reported Thursday that Rep. French Hill will become the next chairman of the powerful House Financial Services Committee.The Arkansas Republican was nominated for the role Thursday by the party's steering committee, which named leaders for various committees ahead of the start of the 119th Congress next year. Hill will replace Patrick McHenry of North Carolina. McHenry will retire after 20 years in Congress and leading Republicans on the Financial Services Committee for multiple terms.In recent years, Hill has served as chair of the Digital Assets, Financial Technology, and Inclusion Subcommittee, which has led to the 21st Century Financial…

Avalanche has raised $250 million from investors including Galaxy Digital, Dragonfly, and ParaFi Capital. The token sale comes as Avalanche nears mainnet launch of its Layer 1 blockchain upgrade. Avalanche has secured $250 million in a token sale fundraiser as it looks to bring its Layer 1 blockchain upgrade to market. Galaxy Digital, Dragonfly, and ParaFi Capital led the blockchain project's fundraising efforts, with participation from more than 40 investment firms. These include SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, and Morgan Creek Digital. Other backers in the round include FinTech Collective, CMCC Global, Superscrypt,…

Gwendemir/iStock/Getty Images Plus On Wednesday, the U.S. House of Representatives approved the National Defense Authorization Act of 2025 (NDAA), authorizing $895 billion in military spending for the next fiscal year. The bill passed by a vote of 281-140, with 124 Democrats opposed, primarily over a controversial provision that would limit access to certain transgender-related health care for military dependents. Sixteen Republicans, including Rep. Thomas Massie of Kentucky, Rep. Marjorie Taylor Greene of Georgia, and Rep. Andy Biggs of Arizona, also cited unconstitutional foreign aid and a lack of proper oversight, among other things. The government opposed the spending,…