Latest news with #RedStone
Yahoo
09-05-2025
- Business
- Yahoo
Veteran analyst unveils shocking outlook for S&P 500 mirror assets
Many people refer to Bitcoin as "digital gold"—a supposed safe haven for investors against inflation and global economic uncertainty. The weeks following the U.S.-China tariff announcement, which put stock markets under pressure, were largely characterized by such sentiment. While Bitcoin did see significant price drops, the asset quickly reached back up. Many financial analysts also noted Bitcoin has been decoupling from traditional stocks like the S&P 500 and Nasdaq. However, new data from RedStone has found that Bitcoin might not be the hedge against inflation. RedStone tracked how closely Bitcoin moved in sync with the S&P 500, the main index for the U.S. stock market. They determined that in the past year, the correlation between the two has ranged from -0.2 to 0.4. In other words, sometimes Bitcoin's movement is erratic, sometimes it moves in the same direction, and sometimes it moves independently of the S&P 500. 'Bitcoin's correlation with equities (-0.2 to 0.4) shows significantly more variability than traditional safe havens. Gold typically maintains a more consistent negative correlation with the S&P 500 (-0.3 to -0.5), while high-quality bonds demonstrate stronger counter-cyclical properties during market stress," said Marcin Kamierczak, the COO of RedStone, a blockchain oracle tool. To qualify as a hedge, assets like gold or U.S. Treasurys typically need to have a strong negative correlation with stocks, but Bitcoin has not achieved that yet. 'Bitcoin's inconsistent correlation disqualifies it as a true "macro hedge," which requires reliable counter-movement. It's more accurately described as a portfolio diversifier with asymmetric return potential rather than a dependable protective asset,' added Marcin. Incidentally, Coin Metrics' most recent State of the Network report also mentions that while Bitcoin has exhibited low correlations with both the S&P 500 and gold of late, it is short-lived. The report also stresses that Bitcoin has remained sensitive to broader trends such as interest rates and risk sentiment, and there is very little proof to suggest it is now a safe-haven asset. At press time, Bitcoin is trading at $$99,466.49, as per Kraken's price feed, up by over 2.74% in the last 24 hours. Sign in to access your portfolio
Chicago Tribune
09-03-2025
- Business
- Chicago Tribune
Porter County Council member sponsors signs against tolls on highways
Porter County Council Vice President Red Stone, R-1st, is taking his displeasure with the idea of Indiana's interstates becoming toll roads to the people by paying for opposition billboards in the region. The Republican-controlled Indiana House approved House Bill 1461 by a vote of 72 to 21 and referred it to the Indiana Senate Feb. 21. Sponsored by State Rep. Jim Pressel, R-Rolling Prairie, the bill would give authority to Gov. Mike Braun to pursue federal authorization for tolling. The digest of the bill on the state legislative website reads: 'Allows the Indiana department of transportation (department) to submit a request to the Federal Highway Administration for a waiver to toll lanes on interstate highways. Provides that, if such a request for a waiver is granted, the general assembly is not required to enact a statute for the IFA to carry out certain activities related to the toll road project.' Braun voted in favor of the first iteration of the statute in 2017 when he was a member of the house. Former Gov. Eric Holcomb did not act on it. The current version of the bill removes a requirement that interstates not be tolled if located within 75 miles of an existing tollway like the Indiana Toll Road. The bold yellow and black billboards read: 'Attention Hoosiers New Tolls Equals Highway Robbery!!' with 'Paid for by Red Stone' along the bottom. A digital sign on Interstate 94 by Burr Street in Lake County flashes the message every nine seconds, while a double-sided billboard on Indiana 49 in Chesterton near Strack & VanTil is also up, soon to be joined by others at the corner of Calumet Avenue and Indian Boundary Road in Chesterton, and Interstate 65 in Porter County. 'Somebody had to do it,' Stone said of the billboards he's paying for, 'because I feel so strongly about the issues. In my opinion, they're going to toll it and they're going to sell it and the money goes downstate and Northwest Indiana doesn't see a dime. 'It's going to hurt blue-collar people. It's going to hurt everybody, actually. Blue collar. White collar. And I just want downstate to be aware.' Stone said his opposition is by no means a condemnation of Pressel. 'I think Jim was just giving the governor the option of the whole state,' Stone said of the bill. Pressel, who represents portions of LaPorte and Starke counties and chairs the Roads and Transportation Committee, did not respond to an interview request. Porter County Board of Commissioners President Jim Biggs, R-North, thanked Stone for his efforts in a Facebook post Feb. 28. He not only said polling Indiana residents who had already paid to build and maintain local interstate highways was a poor idea but offered up a suggestion for the complicated need for more funding moving forward. 'State lawmakers need to take advantage of today's huge technological advancements and install a system that only charges out-of-state drivers for the benefit of driving on our busiest state highways, and if that's not possible, then charge our residents less,' he wrote in his post. 'If our state universities can do it, then why not INDOT?' While some states do have differing rates for in- and out-of-state drivers, none charge for only out-of-state drivers. Michael Simpson, who just retired after 12 years as chair of the Porter County Republicans, isn't worried. 'It's not a fait accompli. It's not, 'Hey, we're going to toll the roads tomorrow.' Personally, I think we need to look at other avenues for our roads. I don't have an opinion unless the governor decides to do it.' Stone said he's heard figures that the majority of Northwest Indiana's interstate highway drivers are not Hoosiers. He said there's been a flood of feedback in support of his signage and hasn't heard of anyone supporting more tolling. 'Everybody in Northwest Indiana does not want tolls. The people do not want this and that's a fact.'
Express Tribune
03-03-2025
- Business
- Express Tribune
RedStone ($RED) gains momentum with Binance listing and price predictions
Listen to article RedStone ($RED), a next-generation decentralized oracle, is attracting significant attention in the cryptocurrency world following its pre-market listing on Binance on February 28, 2025. The platform, designed to offer real-time, cost-efficient, and multi-chain data, is uniquely optimized for Layer 2 networks, rollups, and non-EVM blockchains, positioning itself as a major player in the blockchain space. Before its official launch, $RED has been trading in pre-market sessions at around $0.7275 USD, generating significant interest in the market. Price Predictions and Projections Several forecasts have emerged regarding $RED's price potential. CoinCodex predicts a remarkable surge, estimating the token could reach $0.00009622 by March 26, 2025, representing a potential increase of up to 400%. Meanwhile, CoinCheckup offers a more conservative projection, with $RED expected to climb to $0.00005142 in the near future. Key Factors Influencing Post-Listing Performance The price of $RED following its Binance listing will be influenced by several factors: Market Demand & Liquidity: Investor interest and token availability will play a significant role in price movement. A higher demand with limited supply could push the price higher. Project Fundamentals: The strength of the RedStone ecosystem, including its technology, use cases, and strategic partnerships, will be critical to building investor confidence and driving growth. Market Conditions: Broader market trends, particularly in Bitcoin and Ethereum, will likely affect $RED's performance. A bullish market would be a favourable environment for price growth. As with all cryptocurrency investments, caution and thorough research are advised. While the future looks promising for $RED, the token's post-listing performance will depend on these key elements.
