Day: December 20, 2024

Cryptocurrency companies Ripple and Kraken have collectively pledged $6 million to support President-elect Donald Trump’s inauguration. Ripple is contributing $5 million in its native XRP token, while Kraken has donated $1 million to the Trump-Vance inaugural committee managing the celebrations. Ripple and Kraken Pledge $6M For Donald Trump Inauguration According to a report by FOX…

The EU’s imminent crypto regulations are raising alarms about potential disruptions to market liquidity as exchanges prepare to comply with new requirements under the Markets in Cryptoassets (MiCA) framework, Bloomberg News reported on Dec. 20. The rules, set to take full effect on Dec. 30, mandate the delisting of Tether’s USDT, the world’s most widely…

Tether, the issuer of the world’s largest stablecoin, USDT, has announced a $775 million investment into Rumble, a video-sharing platform and cloud services provider. This strategic move has sent Rumble stock soaring by 44.6% in aftermarket trading. The investment, valuing Rumble shares at $7.50 each, will boost the platform’s financial stability and growth prospects. Tether…

Concerns surrounding MicroStrategy’s Bitcoin strategy and debt obligations have been labeled as exaggerated by Anthony Scaramucci, founder of SkyBridge Capital. Speaking in an interview, Scaramucci dismissed the fears of a financial collapse tied to MicroStrategy’s substantial Bitcoin holdings and debt structure, explaining that only a prolonged and systemic Bitcoin crash spanning several years would destabilize…

YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether. Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a…

In the midst of the 2024 crypto resurgence, new digital assets are vying for the spotlight once held by Dogecoin. Enthusiasts are buzzing about a potential replacement that could redefine the meme coin landscape. At the same time, XYZVerse (XYZ) is capturing attention, drawing comparisons to Shiba Inu’s monumental ascent. Investors are keen to discover…

Tether Limited is set to invest $775 million in video-sharing platform Rumble as part of a strategic partnership aimed at boosting decentralization efforts, according to a Dec. 20 press release. The news caused a sharp spike in Rumble’s stock, which surged in after-hours trading, climbing 35.89% to $9.77 despite having closed the regular session down…

MicroStrategy Inc. co-founder and executive Chairman Michael Saylor says he is willing to advise Trump on cryptocurrency policy when the crypto advisory council is set. During the Dec. 18 episode of the Open Interest show on Bloomberg Television, Saylor voiced…

Sonic, a leading Solana-based gaming virtual machine (SVM), has partnered with Injective, a WASM-powered Layer 1 blockchain. With this partnership, Sonic will reportedly develop the industry’s first cross-chain AI Agent Hub. This significant collaboration integrates Solana’s and Injective’s ecosystems to streamline AI agent deployment and improve blockchain interoperability. Technological Breakthroughs The project leverages Sonic’s HyperGrid…

Meme coins are having their moment—and December 2024 is shaping up to be a defining month. Leading the charge is BTFD Coin, a breakout star smashing records with its $4.2 million presale. Now in its 12th stage, this token has raised more than $1 million in just 10 days and surpassed $2.5 million within two…