🤔 Have you ever thought that the world’s largest stablecoin issuer, Tether, would suddenly make such a significant investment in a right-wing streaming platform, Rumble? That's right, this isn't a dream; it's real shocking news! Tether's hefty $775 million investment caused Rumble's stock price to soar by 44.6% instantly. What secrets are hidden behind this?
💸 According to The Block, Tether's "strategic investment" not only sent Rumble's stock price skyrocketing but also shook the entire cryptocurrency industry. It’s worth noting that last month, Tether announced it would allocate up to $20 million from its excess cash reserves for Bitcoin investment, and this time it directly invested a whopping $775 million!

🌐 Global Market Cap: $3.3T (-0.53%)
💰 Bitcoin (BTC):
•Range: $92,520 - $96,539
•Current: $94,155 (-1.84%)
🚀 Top Performers:
•PHA: +34%
•ZEN: +30%
•BAT: +25%
📈 Key Market Insights:
1️⃣ Options Expiry Ahead:
•QCP Market Analysis reveals that $20B BTC & ETH options will expire this Friday, representing nearly half of Deribit’s total open interest.
•Analysts expect post-expiry volatility, with sellers closing positions and spot prices fluctuating.
•If BTC surpasses $100K, volatility could remain elevated.
2️⃣ Altcoin Watch:
•BTC remains under the $100K resistance, with dominance at 58%.
•Analysts suggest a potential rotation into altcoins if BTC dominance drops significantly, mirroring a pattern observed a month ago.
3️⃣ Justin Sun Clarifies Rumors:
•Addressing social media speculation, Justin Sun denied rumors of liquidating his ETH holdings.
•He explained that recent ETH movements were merely wallet transfers by his team, reaffirming his long-term confidence in Ethereum.
4️⃣ Argentina vs Rainbowex Pyramid Scheme:
•Argentina has requested Tether to freeze $3.5M USDT linked to the Rainbowex scheme.
•Authorities conducted 22 search warrants and detained 22 individuals involved in misleading thousands of investors.
5️⃣ Polkadot Governance Activity:
•Data from Dune Analytics highlights increased participation in Polkadot’s OpenGov governance system.
•DOT voting engagement spikes from 32.65% to 65.30% of supply during high-activity periods, showing robust participation.
6️⃣ Social Media Freeze:
•aiPool founder Skely’s X account has been frozen.
•Reasons remain undisclosed, but the incident raises concerns about platform transparency and ongoing scrutiny of influential crypto figures.
📊 Market Sentiment:
As the year-end approaches, volatility remains a key theme, with major expiries, regulatory crackdowns, and whale movements shaping the narrative. Investors are urged to stay cautious but alert, as these events could trigger market-defining movements.
Stay informed, stay sharp! 🚀🔍
#CryptoMarket #Bitcoin #Altcoins #ETH #CryptoNews #Polkadot #JustinSun #Argentina #Tether

Tether is on track to end 2024 with over $10 billion in net profits with the company investing more than half of it this year.

$10 Billion Net Profit for Tether in 2024
Tether, the largest stablecoin issuer in the world, is expected to end the year with net profits of over $10 billion, according to CEO Paolo Ardoino.
This year, the token’s market valuation increased by around $50 billion, bringing it to almost $140 billion. The majority of Tether’s profits are generated by investing its reserves in U.S. Treasuries, gold, and other securities in order to support stablecoins like USDT.
The demand for Tether’s USDT stablecoin which is pegged to the U.S. dollar has surged as bitcoin and other cryptocurrencies have reached unprecedented highs. A Dec. 2024 report by Tether showed that USDT had achieved a adoption significant milestone with 109 million wallets holding the largest stablecoin by market cap.
This year, Tether has invested over half of its net profits. The company recently announced a $775 million investment in video-sharing network Rumble along with investments in biotech, bitcoin miners, and other industries.
“Our investment is just at the beginning. Next year we plan to deploy at least half of the profits in investments including AI,” Ardoino said.
Tether is still considering investing in the U.S. because of the anticipated improvement in cryptocurrency legislation under President-elect Donald Trump. Tether’s reserves are held by Cantor Fitzerald which bought a share in the stablecoin issuer and is led by Howard Lutnick, Trump’s selection for Commerce Secretary.

#binance #wendy #bitcoin #tether $BTC

In a groundbreaking development that marks a significant shift in digital media landscape, Tether has announced a substantial $775 million investment in video-sharing platform Rumble. The December 20, 2024 announcement represents a watershed moment in the convergence of cryptocurrency and content creation platforms.
The strategic partnership brings together two pioneers in their respective fields: Tether, the digital asset giant serving over 350 million users worldwide, and Rumble, the rapidly growing video platform known for its commitment to unrestricted expression. This collaboration signals a new chapter in the evolution of decentralized media platforms.
The investment structure demonstrates Tether's deep commitment to Rumble's future. The package includes a direct cash injection of $250 million to support Rumble's expansion plans and operational goals, particularly its path toward EBITDA breakeven in 2025. Additionally, Tether will initiate a tender offer for 70 million shares at $7.50 per share, culminating in ownership of approximately 103,333,333 shares of Rumble Class A Common Stock.
Paolo Ardoino, Tether's CEO, articulated the strategic rationale behind the investment, emphasizing the alignment of values between the two companies. "We're witnessing an era where traditional media channels are increasingly losing public trust," Ardoino explained. "Our partnership with Rumble represents more than just financial investment – it's about fostering a new paradigm of transparent, uncensored communication platforms."
The significance of this partnership extends beyond mere financial considerations. Rumble's Chairman and CEO, Chris Pavlovski, expressed enthusiasm about the collaboration's potential to accelerate the platform's growth trajectory. The investment not only strengthens Rumble's financial position but also creates valuable synergies between cryptocurrency and free speech advocacy communities.
"Tether's backing provides us with the resources and strategic support needed to enter our next growth phase," Pavlovski stated. "This partnership will serve as a catalyst for innovation in decentralized media."
Looking ahead, the transaction is scheduled to conclude in the first quarter of 2025, subject to regulatory approvals and standard closing conditions. Importantly, Rumble's existing governance structure will remain unchanged, with Pavlovski maintaining his controlling stake in the company.
This landmark investment carries broader implications for the digital media industry. It exemplifies the growing convergence of blockchain technology and content platforms, potentially setting a precedent for future collaborations in the space. The partnership aims to create a more resilient, transparent, and user-centric media ecosystem.
As the digital landscape continues to evolve, this collaboration between Tether and Rumble may well serve as a blueprint for future initiatives in decentralized media. Their shared vision of creating an open, sustainable, and censorship-resistant platform could reshape how we consume and share content in the years to come.
The impact of this partnership will likely extend beyond immediate stakeholders, potentially influencing the broader conversation about digital rights, content freedom, and the role of blockchain technology in shaping the future of media distribution.
#Tether #Rumble #RUM #USDT #BTCNextMove

The European Union is planning to ban the use of the USDT stablecoin (#Tether ) on its territory due to new regulatory requirements set by the Markets in Crypto-Assets Regulation (#MiCA ). This regulation requires stablecoin issuers to have an electronic money license and adhere to strict transparency and reserve standards. Since Tether currently does not meet these requirements, cryptocurrency exchanges in the EU must remove #USDT from their platforms by December 30, 2024.