Authored by Debra Heine via American Greatness,
Authorities in Madison, Wisconsin on Tuesday sent in crews to clean up and dismantle the filthy and violent “autonomous zone” that was set up by left-wing agitators to protest the shooting of an armed violent felon. At least ten occupiers were arrested as of Tuesday morning, Fox 6 reported.
Repeat offender Corey Ruiz, 38, was shot by police on July 22 after allegedly attacking an officer with a knife.
Public records show that Ruiz had eight convictions for “resisting, obstructing, threatening or injuring police officers between 2007 and 2024,” according to Fox 6.
Five of those prior cases reportedly involved conflicts with City of Madison police officers.
After the shooting, activists, including Black Lives Matter members, quickly set up barricades using furniture, spike strips, and wooden pallets to occupy downtown Madison.
The Corey Ruiz Autonomous Zone (also known as CRAZE or “Corey Street”) was initially allowed by the woke mayor as a protest encampment.
The City of Madison even provided basic services, including portable restrooms and the use of salt trucks as street blockades. A homeless population quickly moved into the zone, creating a need for more services..
Mayor Satya Rhodes-Conway on Friday described the zone as “not sustainable or safe” but did not set a timeline for clearing it.
Meanwhile, Independent journalist Nick Sortor was threatened over the weekend by BLM agitators while reporting at the scene.
“Hurry up and leave before your life ends here,” an agitator told Sortor. “There’s a whole team of us.”
Cleaning crews were sent in early Tuesday morning after “CRAZE” had become a public health hazard. After the decision to remove the encampment was announced, the occupiers reportedly lit fires and threw rocks at the city workers.
The agitators clashed with city and state police who were sent to the scene to protect the crews.
The agitators blocked the streets near the encampment after it was cleared.
The occupiers eventually moved to the mayor’s decrepit house to wage a “noise protest” over her decision to shut down their “CRAZE.” They littered the mayor’s front yard with anti-police signs, deployed a megaphone siren and screamed at her through a bullhorn.
“The community ain’t get no sleep ’cause of you!” an agitator bellowed through the bullhorn. “We saw you sent your pigs out too!”
“You have blood on your hands!” the agitator cried.
Mayor Satya Rhodes-Conway said in a video statement Tuesday that the decision to clear the encampment at Williamson and Baldwin Streets was “not made lightly” and occurred only after nearly two weeks of failed attempts to resolve the situation voluntarily.
She urged the community to focus on “sustainable change” and accountability through official investigations rather than occupation, stating, “Holding government accountable for progress should not mean harming the community we all share.”
Tyler Durden Wed, 08/05/2026 - 14:25Authored by Felix Ng via CoinTelegraph.com,
A group of six Ethereum researchers and developers, including Ethereum Foundation’s Justin Drake, has proposed changing the network’s issuance policy to cut validator rewards more sharply as the proportion of staked ETH rises.
The draft, called the Tapered Issuance Burn and currently being assigned the provisional number EIP-8363, would burn an increasing fraction of validators’ consensus rewards as the amount of staked ETH approaches a fixed threshold of 60.25 million ETH (around 50% of the current ETH supply), at which point the deduction hits 100%. The changes would phase in over 18 months.
Tapered Issuance Burn Ethereum Improvement Proposal. Source: Github
The proposal has triggered backlash from developers, stakers and DeFi founders, who warn that the reward cuts could force out solo validators before larger institutions are affected, weaken institutional demand for ETH and disrupt DeFi markets built around staking yield.
One of the proposal’s authors, Jérôme de Tychey, said the changes are needed to address the rising share of Ether being staked, which passed 33% in April. The authors argue continued staking growth could concentrate ETH in large custodians and liquid staking providers, while unchecked issuance erodes Ether’s role as a neutral, trustless store of value.
“Ever-growing issuance is a dilution tax on every holder: stake, or be diluted. At high ratios, LSTs and other staking derivatives displace raw ETH as the ecosystem’s working money, thus swapping the most neutral, trustless asset for intermediated claims on issuers,” he said.
Although EIP-8363 remains an early draft, its publication just two days before a deadline for proposals targeting Ethereum’s Hegotá upgrade has also raised concerns about whether there is enough time to consider the impacts on Ethereum’s tokenomics.
EIP-8363 authors’ argument to cut issuanceThe proposal’s authors argue that under the current curve, staking yield never drops below 1.5% even with all ETH in existence being staked.
“The incentive to stake never switches off. Where does it stop? It doesn’t,” said de Tychey.
With no changes, a worst-case scenario could see more than 55% of Ethereum supply locked in staking by 2028, he said.
“Maximal neutrality & minimal dilution: those are the two fundamentals of a store of value. This EIP not only hardens both, it sets a bar no other blockchain clears.”
🚨 New EIP: Tapered Issuance Burn
We just submitted an EIP to ethereum/EIPs: a minimal, market-driven fix to Ethereum's issuance policy removing the incentive for stake growth beyond 50% of ETH supply.
EIP-8361 by @pintail_xyz, @jdetychey, @dapplion, @pa7x1, @ladislaus0x &… pic.twitter.com/g1uzWPycQ4
The proposed policy would see issuance peak at 0.5% of ETH supply per year at its highest (around 20% of ETH is staked), declining to zero when the staking ratio of Ethereum hits the 60.25 million ETH threshold.
“ETH supply growth will be bounded and more predictable. Combined with the EIP-1559 and Blob burn, the supply will more often decrease. Ethereum, the most mature of all the protocols, with a sustainable security budget, will also be the least dilutive of all protocols,” said de Tychey.
The proposal’s broader direction has also received support from Grayscale. In May, Grayscale’s head of research Zach Pandl said limiting staking incentives would be “positive for the price of Ether over time.”
Critics say it’s punishing Ethereum’s growthAave founder Stani Kulechov said reducing staking rewards would weaken institutional demand for ETH and borrowing activity across DeFi, arguing the proposal “doesn’t achieve the outcome it tries to achieve and is actually hurtful for Ethereum.”
Another argument is that the proposal would impact solo validators as they have generally higher relative costs and are more susceptible to reward changes, leading to a more concentrated validator set.
“This will self evidently push out solo stakers who aren’t subsidized by the EF or others,” said Mike Silagadze, CEO of Ether.Fi.
“It will essentially guarantee that the only ones staking are large centralized entities with zero cost of capital where users passively hold their ETH.”
De Tychey disputed this point, saying on the Ethereum Magicians forum that users of large staking providers must pay fees, making those services less attractive as rewards fall, though he acknowledged the research on this is still contested.
The proposed network update would lower ETH issuance and inflation. Source: Zach Pandl
Others pointed to the seemingly rushed timeline to consider the proposal, though this appears to be due to confusion over the forthcoming deadline on Thursday.
“This clearly doesn’t leave adequate time for community review of a monetary policy change of this magnitude,” said Greg Koumoutsos, a co-author of EIP-8148 and EIP-8205.
Where the proposal currently standsThe Tapered Issuance Burn proposal has not been approved, scheduled or included in Hegotá.
While there is a Thursday deadline relating to this proposal, the deadline is for pull requests proposing additional EIPs for Hegotá, not a deadline for deciding which proposals will be included.
Ethereum community organizer Trent Van Epps said the selection process could continue until Nov. 8, and that Hegotá is likely to reach mainnet in the second quarter of 2027.
Tyler Durden Wed, 08/05/2026 - 13:45Copper strength has returned to the London Metal Exchange this week as futures top $14,000 a ton. Another leg higher could be imminent, pushing prices into blue-sky territory as traders weigh tightening global supplies against robust metal inflows into the US ahead of President Trump's expected tariff decision.
The Commerce Department was expected to deliver its tariff recommendation by June 30, but no decision has been announced. On national security grounds, the agency is expected to impose import levies of up to 50% on semi-finished and derivative copper products under Section 232. The policy aims to protect domestic manufacturing and reduce foreign reliance, addressing supply chain risks from major exporters like Chile, Peru, and Canada.
Bloomberg reports more than 200,000 tons of copper flowed into US ports in July, the largest ever monthly inflow in data going back to 2014. High US prices have kept the trade profitable.
As a result, this has added to a massive hoard in U.S. warehouses and ports, while supplies in the rest of the world are dwindling.
LME inventories sank to a five-month low, while a widening backwardation signaled increasing pressure on near-term supplies. LME copper settled 1.4% higher at $14,066.50 a ton, while Comex futures rose as much as 2.3% to approach May's record high.
The tightening is visible in the LME forward curve. Nearby contracts traded at a $99.50-a-ton premium to three-month futures, up from about $30 a week earlier - the widest backwardation since January. This structure suggests pressure on short-term supplies.
Jefferies analyst Christopher LaFemina told clients earlier this summer that his team "wasn't bullish enough on copper," adding, "We now have the highest copper price forecast on the Street as we see strong US industrial demand and still tight supply."
Beyond Jefferies, HSBC, and Goldman, JPMorgan analysts have also told clients that the copper upcycle is being driven by a tightening supply backdrop, accelerating power-grid investment, AI data center demand, and broader industrial electrification. Taken together, some of Wall Street's top metals desks have warned about a sustained break above $14,000 on the LME.
However, Bloomberg macro strategist Michael Ball recently pointed out that a tariff disappointment, stronger dollar, or AI-led selloff would expose the growing bullish speculative bets on copper (read here).
Tyler Durden Wed, 08/05/2026 - 13:25