Author: RedWave Media

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,…

Podcast: Play in new window | Download (Duration: 1:03:51 — 58.5MB)Subscribe: Android | |MoreIn a completely unexpected and controversial move, Donald Trump has invited Chinese dictator Xi Jinping to his inauguration ceremony next month.This episode also states:Christopher Wray resigns, New York Times admits Biden era will see largest immigration surge in U.S. history, House issues final report on Trump assassination attempt

Australian Kraken operator BitTrade will pay a $5.1 million fine for failing to comply with regulatory requirements. The Australian Securities and Investments Commission has accused crypto platforms of offering credit facilities that do not comply with regulations. The Australian operator of cryptocurrency exchange Kraken has been fined A$8 million ($5.1 million) for violating Australian regulations. The Federal Court of Australia has fined BitTrade following a lawsuit by the Australian Securities and Investments Commission. In its order, the court said that the cryptocurrency exchange Kraken must comply with the country's cryptocurrency regulations. The court ordered the exchange to pay A$8 million…

Elon Musk’s net worth is currently greater than the combined market capitalization of three of the top five crypto projects: Tether, Solana, and XRP.According to Bloomberg, Musk's holdings totaled $439.2 billion after the insider sale of SpaceX shares. Based on CryptoSlate data, Tether's current market cap is approximately $139.7 billion, Solana's market cap is approximately $109.7 billion, and XRP's market cap is approximately $136.4 billion.their combined numbers are lower than Musk's total.In theory, Musk could buy all the tokens of all three projects if he could afford it. However, given the liquidity of both Musk's net worth and the market,…

A cryptocurrency wallet associated with the Trump family-backed World Liberty Financial Project bought millions of dollars worth of various major tokens early Thursday, sending prices soaring.World Liberty Financial is an integrated platform that allows users to lend and borrow cryptocurrencies, create liquidity pools, and trade in stablecoins. WLFI will serve as the platform’s governance token.President-elect Donald Trump is the project's “chief encryption champion.” Two of his sons, Eric Trump Jr. and Donald Trump Jr., are “web3 ambassadors,” and Mr. Barron holds the title of “DeFi visionary.”According to the data, the project purchased $10 million in Ether (ETH) and $1 million…

-Slab-/iStock/Getty Images Plus On Wednesday, the U.S. Department of Health and Human Services (HHS) extended liability protections for coronavirus vaccines and other countermeasures under the PREP Act (Public Readiness Act of 2020) to 2029, citing “credible information.” It has been extended until December 31st. Risk of future public health emergencies. ”Secretary Xavier Becerra justified the move by stressing the need to “develop and stockpile” vaccines and treatments. The directive strengthens long-standing legal immunity for pharmaceutical companies despite increased scrutiny of vaccine-related risks.New Coronavirus and the PREP ActAlthough the official state of emergency due to COVID-19 ended on May…

Venture capital (VC) funds invested nearly $800 million in crypto startups in November, according to DefiLlama. data.Despite recording the fourth-best month for fundraising this year, the amount was down 8% compared to October.Infrastructure remains dominantThe blockchain gaming division has raised around $71 million in funding, while the generic Web3 project has secured $8.2 million in funding.Monkey Tilt, an online platform that offers a gamified gambling experience using cryptocurrencies, has raised the most funding in the gaming space, raising $30 million. Pantera Capital led the Series A round. VC funds poured more than $583 million into startups developing crypto-related infrastructure in…

LeChat Noir/iStock/Getty Images Plus Members of the communist-founded American Civil Liberties Union never met a dangerous criminal they didn't like or want on the streets, and schizophrenic criminal Jordan Neely also joined the group in New York. Our chapter, the NYCLU, was no exception.He just needed help, the far-left group tweeted, and should not have been the victim of Daniel Penny, who put Neely in a chokehold as he threatened passengers on a subway train. . Neely later died from multiple causes, but not from Penny's restraints.After the jury acquitted Penny, the NYCLU told the It will remain…

Kevin Hyde/iStock/Getty Images Plus There's an old saying: “The best government is the one that governs the least.” And if there is evidence for this proposition, it is the federal government's efforts in infrastructure development. In fact, I built more when I was a kid playing with Lincoln logs and Lego blocks than the federal government does through its multibillion-dollar projects.For example, consider the government's plan three years ago to install thousands of miles of fiber optic cable. The goal of this $65 billion effort was to bring high-speed internet to all of America. (I mean, anyone can…