key 2 - The Latremie Post

Latinos Shift Back To Democrats In Tuesday’s Election Without Trump On Ballot

**Key Facts**

In recent elections, Democrat Sherill defeated Trump-endorsed Republican Jack Ciattarelli with a margin of 56.2% to 43.2%. Similarly, Abigail Spanberger won against Republican Winsome Earle-Sears—whom Trump did not directly endorse—in a 57.5% to 42.3% vote. A small number of ballots remain uncounted, so the final results may vary slightly.

**Big Number**

25% — This is the share of Hispanic voters who have a somewhat favorable or favorable view of Trump, according to an October Associated Press-NORC poll. This marks a significant drop from 44% just before Trump took office.

**Crucial Quote**

Reflecting on Tuesday’s results, Trump admitted his party’s poor performance, telling Senate Republicans on Wednesday morning, “I don’t think it was good for Republicans, I’m not sure it was good for anybody.” He partially attributed the GOP’s showing to the recent government shutdown and also claimed that Republicans lost because his “name wasn’t on the ballot.”

**Key Background**

The Democrats’ sweep in Tuesday’s elections—including races in New Jersey, Virginia, the New York City mayoral race, and a ballot issue in California—was widely seen as a rebuke of Trump’s aggressive agenda for a potential second term. These results are also viewed as the first major sign that Democrats might improve their performance in the 2025 midterm elections, especially following their poor showing in 2024.

Pre-election polling pointed to challenges for Republicans among Latino voters. A Unidos poll of 3,000 registered Hispanic voters found that 65% believe Trump and the Republican Party are not doing enough to improve the economy, marking a five-point increase since April.

**Further Reading**

– [Election Day 2025: These Are The Races To Watch—And What They Say About National Political Trends](https://www.forbes.com) (Forbes)
– [Billionaire Winners And Losers In Tuesday’s Elections](https://www.forbes.com) (Forbes)
– [Trump Says Republicans Lost Because His ‘Name Wasn’t On The Ballot’—Also Blames Shutdown](https://www.forbes.com) (Forbes)
https://bitcoinethereumnews.com/finance/latinos-shift-back-to-democrats-in-tuesdays-election-without-trump-on-ballot/

AAVE: Will the $50mln buyback plan repeat the 50% price surge?

**Key Takeaways**

– Why has Aave made token buyback official?
The team stated that the trial initiative was a “strong success” in improving AAVE value accrual.

– Will it lift the token above $200 again?
Yes, under a positive broader market sentiment, the deflation plan could boost AAVE in the long run.

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DeFi lending giant Aave (AAVE) has unanimously approved the creation of a $50 million per year buyback program. This move follows what the project described as a “strong success” after a pilot test initiated in May, aimed at improving the tokenomics of the AAVE token.

According to the plan, the team intends to purchase between $250,000 and $1.75 million worth of AAVE tokens weekly, based on protocol revenue and other factors. There are still two additional steps before the proposal can be fully enforced.

—

### AAVE Buybacks and Potential Impact

Since May, the buyback initiative has acquired over 94,000 AAVE tokens, spending more than $22 million in the process. May marked the largest monthly purchase during the trial program, with the team adding 20,100 AAVE tokens.

During the same period, AAVE posted price gains of over 50%, partly fueled by a broader market recovery in Q2. From July to October, the team averaged about 10,000 AAVE tokens purchased monthly.

This deflationary move, combined with the broader market recovery, pushed AAVE prices up to $385 by August. However, headwinds in Q4 dragged the token’s value below $200 despite the ongoing buyback program.

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### ETH Correlation Drives AAVE Swings

AAVE’s value demonstrates a strong positive correlation with Ethereum (ETH). During ETH rallies, AAVE tends to pump even harder. Conversely, during ETH pullbacks, AAVE experiences steeper declines.

As ETH serves as a bellwether for the broader DeFi ecosystem, its momentum often influences sector outliers like AAVE. A rebound in ETH could potentially lift AAVE if this correlation continues to hold.

That said, AAVE has faced selling pressure since the October flash crash, which has weighed on price performance recently.

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### Exchange Inflows Add More Pressure

Data from CryptoQuant shows that exchange netflow for AAVE surged to a seven-month high last month, with approximately 10,000 AAVE tokens sent to exchanges weekly for sell-off.

Unless this selling pressure from exchanges tapers off, AAVE’s price may remain subdued in the short term.

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### Conclusion

Overall, AAVE has experienced selling pressure alongside the wider market. However, the scaling of its deflationary buyback program could enhance its value over the long term, especially if positive market sentiment and ETH momentum return.

Stay tuned for further developments as the buyback program progresses and market conditions evolve.
https://bitcoinethereumnews.com/tech/aave-will-the-50mln-buyback-plan-repeat-the-50-price-surge/

Pi Network sheds $18B in six months: ‘That’s basically a rug pull’

**Key Takeaways**

– Pi Network’s token, PI, has plunged over 90%, erasing nearly $18 billion in market capitalization and fueling fresh rug pull claims.
– Without addressing community concerns and supply growth issues, PI could remain under downward pressure in the coming months.

—

**Why Is Pi Network Facing Rug Pull Claims Again?**

Since its debut in March, the Pi Network [PI] price has crashed over 90%, reigniting allegations that the project might be a rug pull. At launch, the price soared to $2.79, pushing the market capitalization to approximately $18 billion amid a wave of FOMO (Fear Of Missing Out). However, the price has since slipped below $1 and plunged further to around $0.26, wiping out more than $16 billion in market cap over the past six months.

A pseudonymous crypto market commentator known as Mr Spock weighed in on the situation, stating, “Pi crashed over 90% from its highest position, that’s basically a rug pull.”

—

**Hype and Speculative Interest Fade**

Back in May, Pi Network faced similar rug pull accusations after the team allegedly established a $100 million venture fund amid more than six years of unmet expectations and broken promises. Many community members believed that this fund—partly sourced from internal revenue and mining activities—was diverted for external purposes rather than being reinvested into the ecosystem.

This backlash contributed to the token’s inability to rebound in May, dragging the price down below $0.50. Despite the sour market sentiment, data from Pi Scan indicated some continued accumulation of PI tokens. Over the past 24 hours alone, a net flow of $112.3 million was recorded, meaning more PI tokens flowed out of exchanges than into them, which suggests buying activity.

—

**Derivatives Data Show Collapse in Speculative Interest**

Despite signs of accumulation, speculative interest has sharply declined. While there has been some improvement in the futures market demand, overall speculative interest dropped by more than 10 times. According to Glassnode, PI’s Open Interest (OI)—the total value of open contracts in the derivatives market—plummeted from nearly $120 million to about $20 million.

This sustained bearish pressure reflects the community’s growing frustration and feeling of being sidelined by the Pi Network team.

—

**Inflationary Pressure Weighs on Price**

Another major factor dragging down PI’s price is inflationary pressure. Since May, the circulating supply of PI tokens has surged by over 1 billion tokens, exacerbating downward price pressure.

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**What’s Next for PI?**

Unless the Pi Network team addresses community concerns and carefully manages token supply growth, PI could continue to face heavy downward pressure. Rebuilding trust and stabilizing the token economy will be critical to any future recovery efforts.

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*Stay tuned for updates on Pi Network and other cryptocurrency developments.*
https://ambcrypto.com/pi-network-sheds-18b-in-six-months-thats-basically-a-rug-pull