Stablecoin issuer Tether announced Friday that it is investing $775 million in streaming video platform Rumble, a rival to YouTube that describes itself as an anti-censorship platform.The company behind the USDT stablecoin called the transaction a “firm contract” and will begin with an underlying investment of $250 million in cash.Tether said the transaction will ultimately see the cryptocurrency company receive 103.3 million shares of Rumble common stock. Rumble CEO Chris Pavolski will retain a controlling stake in the streaming platform. At $7.50 per share of common stock, Tether’s $775 million investment in Rumble is expected to close in early 2025.Following…
Author: Crypto Flexs
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The MOVE cryptocurrency is up more than 12% in 24 hours after a surge in buying pressure. A falling RSI on the hourly chart indicates that traders who buy during the rally may take profits. Movement (MOVE) outperformed the rest of the overall market after posting a gain of over 12% in 24 hours. At press time, MOVE was trading at $0.797 with a 137% surge in trading volume. CoinMarketCap. MOVE’s upward trend has seen its market capitalization surge past $1.79 billion, with the altcoin now ranking as the 61st largest cryptocurrency by this metric. One of the factors that…
Michael Saylor, co-founder and chairman of MicroStrategy Inc., said he would be willing to advise Trump on cryptocurrency policy once a cryptocurrency advisory board is formed. On the December 18 episode of Bloomberg Television’s Open Interest show, Saylor publicly and confidently expressed her willingness to provide advice on digital asset policy to President-elect Donald Trump if asked. Before expressing his willingness to advise Trump on cryptocurrency policy, Saylor acknowledged that he had already met with “a lot of people” in the incoming administration, but declined to specify their nature and did not say whether he had already met Trump. Is…
Re-staking protocol EigenLayer’s slashing testnet was launched on December 20, and mainnet launch awaits approval of EigenLayer Improvement Protocol-002 (ELIP-002). The potential slashing upgrade introduces unique stake allocations for node operators and operator sets for EigenLayer’s Actively Validated Services (AVS).EigenLayer’s Actively Validated Services is a project that leverages the security of the Ethereum layer-1 network to validate off-chain services.More specifically, Ether (stETH) staked on Ethereum L1 serves as staking collateral across the blockchain ecosystem without having to unstake the asset from L1.Unique stake allocation allows the re-staking operator, EigenLayer’s re-staking validator, to minimize cut risk by designating a portion of…
Dubai, United Arab Emirates, December 20, 2024, Chainwire In a significant move, Binance Futures, a leading cryptocurrency derivatives trading platform, today announced the launch of the CGPT/USDT perpetual contract. This latest addition expands the platform’s trading offerings while highlighting the growing importance of AI-driven cryptocurrencies in the digital asset ecosystem. The new perpetual contract introduces advanced trading features for ChainGPT tokens (CGPT), giving traders up to 75x leverage using USDT as the settlement asset. This addition to the Binance Futures trading suite demonstrates the platform’s commitment to providing a variety of trading opportunities while meeting the evolving needs of cryptocurrency…
Cryptocurrency prices soared, with major coins such as Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and Ethereum (ETH) leading the losses amid a widespread market sell-off triggered by the Federal Reserve’s latest economic outlook. It crashed this Friday night.Jump into cryptocurrency price adjustmentBitcoin and other major cryptocurrencies have given up significant recent gains as markets continue to adjust following the Federal Reserve’s updated economic outlook.Bitcoin (BTC) fell to $95,875 on Friday, down sharply from Tuesday’s high of $108,268. The top cryptocurrency fell 4.6% in the last 24 hours, but several other high-value cryptocurrencies recorded much steeper losses.Dogecoin (DOGE), the top meme…
Coincidentally, the Bitcoin (BTC) daily chart generated three consecutive red candles for the first time since the first week of November, ahead of Donald Trump’s victory in the US presidential election. Another similarity to the last time we observed three or more red candles on the daily chart is that Bitcoin has retested the 50-day EMA level.Bitcoin 1 day chart. Source: Cointelegraph/TradingViewWith the price of BTC down more than 15% since its all-time high, one analyst said most of the decline for the largest cryptocurrency is potentially over. Analyst Says Bitcoin Correction Is “Almost Complete”With the price of Bitcoin falling…
George Town, Grand Cayman, December 20, 2024, Chainwire GodtechZircuit’s first multi-chain AI platform for automated finance, is pleased to announce the success of the launch of the $GUD token. Built on Zircuit, an AI-powered blockchain for secure DeFi and staking, $GUD is reimagining token distribution with a community-first approach that prioritizes inclusivity and decentralization. The first week of $GUD launch is over. 127 million $ZRC tokens stakedgun lock Valued at USD 9 million. These early results highlight the community’s enthusiasm for a more equitable token economic model and decentralization. The future of AI at Zircuit is community-owned Community-oriented distribution $GUD…
Solana’s network activity is gaining momentumThe cryptocurrency market is always evolving, and Solana (SOL) is often in the spotlight. Its appeal lies in its lightning-fast transaction speeds, low costs, and growing ecosystem. Recently, Solana has signaled a steady surge in network activity, signaling a growing demand for blockchain technology.Factors driving this growth include:Expanding the NFT ecosystem: Solana has become the preferred blockchain for non-fungible tokens thanks to its low fees and fast operations. Marketplaces like Magic Eden are thriving as creators and collectors flock to the platform.DeFi adoption: Decentralized finance (DeFi) protocols such as Raydium, Serum, and Marinade Finance continue…
Lahore, Pakistan, December 20, 2024, Chainwire O.XYZ, a leading decentralized super AI project, announced the launch of OSOL100, the first AI index token designed to capture the cumulative value of Solana’s top 100 AI projects. This innovative token provides users with direct exposure to Solana’s AI infrastructure, agents, and meme tokens through one easily managed and fully transparent investment tool. OSOL100 simplifies investment strategies while enhancing portfolio diversification. It tracks and represents the performance of the top 100 AI-focused projects within Solana’s thriving ecosystem, providing access to the most promising developments. Each OSOL100 token acts as a decentralized fund hosted…