Author: RedWave Media
On January 20, 2025, the United States begins a new chapter in many ways. While the nation focuses on President Trump's inauguration as the 47th president, the U.S. financial industry will celebrate Joe Biden's resignation of Securities and Exchange Commission Chairman Gary Gensler.As a member of the House Financial Services Committee, I am well aware of Mr. Gensler's heavy-handed approach to stifling innovation and crippling America's economic engine. His punitive stance has been particularly harmful in the burgeoning field of cryptocurrencies and blockchain technology.While touting his actions as investor protection measures, Mr. Gensler has used unnatural ambiguity to increase the…
MBisanz/Wikimedia Commons In a move that could redefine the United States' approach to international trade, President-elect Donald Trump announced plans to create the Foreign Exchange and Revenue Service (ERS) on his first day in office. President Trump unveiled the proposal on his social media platform Truth Social, describing it as a mechanism to “collect tariffs, tariffs, all the revenue that comes from foreign sources.”In parallel, a group of House Republicans introduced the Fair Tax Act of 2025, a sweeping proposal aimed at abolishing the Internal Revenue Service (IRS) and replacing the current federal tax code with a national…
Investor appetite for Bitcoin exchange-traded funds (ETFs) remains strong despite continued caution from the U.S. Securities and Exchange Commission (SEC) as recent outflows have hit the market.Bitcoin ETF flowThe US-based Spot Bitcoin ETF experienced significant outflows totaling $1.2 billion over the past four days, according to SoSoValue data.On January 14, 12 spot ETFs collectively lost $209.82 million, with BlackRock's IBIT fund seeing the largest outflow of $219.48 million. This was the second-largest negative outflow for the fund since its inception a year ago, after the $332 million in outflows recorded earlier this year.Meanwhile, Bitwise's BITB became the second ETF product…
Sony launched a layer 2 network on top of Ethereum to create an entertainment layer on top of the Web3 financial layer. The network is open to all creators and protects the rights of creators while ensuring a fair distribution of value between creators and consumers. Media and entertainment giant Sony, through its subsidiary Sony Block Solutions Labs, has launched a Layer 2 network on Ethereum called Soneum. The network aims to power the digital creator economy using Web3 technology. The network is built using the OP Stack (Optimism Foundation's blockchain development kit), which uses chain abstraction technologies and methods…
Bloomberg reported on Wednesday that crypto derivatives platform Deribit has received a potential acquisition offer, citing people familiar with the matter.The report added that the company is working with Financial Technology Partners to explore opportunities. Deribit CEO Luuk Strijers told CoinDesk that the options platform has appointed FT Partners as general advisory services and potential secondary advisor in 2023.”The interest in Deribit is due in part to the fact that we continue to dominate the market in digital asset options trading,” Streiss said.”In short, Deribit is not for sale. Over time, we have received strategic investment interest from various parties,…
Becky Wright/License/Getty Images Plus Sanity shatters in a 'trans'-crazy world The US House of Representatives has passed a bill banning so-called transgender women from women's sports on the grounds that 'transgender women' are not women.They are men pretending to be women.Only two Democrats had the courage to vote against allowing women to participate in sports teams, where men not only physically dominate women but routinely and seriously harm them. Ta. buildingThe Protecting Women and Girls in Sports Act, introduced by Florida Republican Congressman Greg Steube, passed 218-216.Two Democratic congressmen who stood up for women besieged by inferior…
Bitcoin (BTC) is currently under pressure from macro risks and a retracement below $90,000 represents a “medium-term” buying opportunity, according to Jeffrey Kendrick, head of digital asset research at Standard Chartered. It is said thatIn a Jan. 14 research note, Kendrick emphasized the value of strategic accumulation despite continued market turmoil. He added that prices below key support could be a favorable entry point as lenders' long-term forecasts for Bitcoin remain unchanged.Kendrick said:“If we can break below that ($90,000 could see us into the low-$80,000s if things go right), we would view it as a good medium-term buying opportunity.”macro riskBitcoin…
AP image gavin newsome California Governor Gavin Newsom and US Senator Elizabeth Warren claimed on X that they are raising money to help fight the Los Angeles wildfires and their victims.Problem: Hyperlink directs donors to the infamous far-left Act Blue fundraiser. This activity was the subject of an investigation by Texas Attorney Ken Paxton regarding suspicious donations.Warren's appeal regarding X will be posted on the Act Blue Warren page for senators. Newsom's donation will not go to its ostensible recipient, the Cal Fire Foundation. Rather, users ended up on Newsom's own superpack ActBlue page.Meanwhile, Newsom denied that his…
In 2024, gateis one of the world's leading digital asset trading platforms and has experienced a year of rapid growth and deep innovation. Through keen industry insights, innovative product strategies, and a deep understanding of user needs, Gate has achieved record-breaking user numbers and transaction volumes, while actively engaging its diverse ecosystem to drive development across the platform. Expanded. Number of users and trading volume continue to increase, securing 4th place in market share According to the public report, Gate.io's total user base grew by over 50% to over 20 million users, and transaction volume reached $3.8 trillion, up 120%…
AP image pope francis No sooner had Pope Francis elevated the pro-gay Hate Trump bishop of San Diego to archbishop of the Diocese of Washington, D.C., than the Vatican reportedly allowed gays to become priests in Italy, according to news reports.First, Robert McElroy, widely known as a heretic, takes over one of the nation's most visible and important dioceses. Well, this.Open homosexuals have long been barred from entering the priesthood, but that hasn't stopped closeted homosexuals from entering the priesthood and embarking on an unprecedented wave of rapes.The move ignores a 15-year-old Vatican directive banning the ordination of homosexuals…
