Rumble Inc. (NASDAQ: RUM ), a video-sharing platform, made headlines this week as its stock surged over 100% on December 23, reaching $14.30. The rally comes on the back of a $775 million investment announcement from Tether, the issuer of the leading stablecoin USDT , marking Rumble’s highest close since September 2022. As of press time, Rumble’s stock is trading at $13.30, reflecting a five-day gain of 63%. On a year-to-date basis, the stock has surged an impressive 206%, reflecting heightened investor interest. Rumble year-to-date price chart. Source: Finbold Tether’s $775 million investment on Rumble The announcement revealed that Tether has agreed to purchase approximately 103.3 million shares of Rumble’s Class A Common Stock at $7.50 per share. This transaction will generate gross proceeds of $775 million, significantly strengthening Rumble’s financial position, which already benefits from holding more cash than debt. Rumble has outlined a clear plan for utilizing the funds. Of the total, $250 million will support growth initiatives aimed at enhancing platform engagement and monetization, while $525 million will finance a self-tender offer to repurchase up to 70 million shares of Class A Common Stock at the same $7.50 price offered to Tether. This tender offer is designed to provide liquidity to stockholders and reinforce shareholder value. “I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth.”- Chris Pavlovski, Rumble’s Chairman and CEO, Interestingly, this agreement comes shortly after Rumble’s board approved allocating a portion of its cash reserves to Bitcoin ( BTC ), with plans to purchase up to $20 million in the cryptocurrency. Revenue growth and user metrics The recent surge in Rumble’s stock price has brought renewed attention to the company, which competes with major players like YouTube and Odysee. Rumble’s revenue has shown consistent growth, with the company reporting $25.06 million for the quarter ending September 30, 2024, a 39.34% year-over-year increase. Over the past 12 months, Rumble’s revenue climbed to $85.65 million, up 6.36% compared to the prior year. The platform’s global monthly active users (MAUs) have also increased , rising to an average of 67 million in Q3 2024 from 53 million in Q2 2024. However, the average revenue per user (ARPU) dropped to $0.33 in Q3 from $0.37 in the previous quarter, indicating room for improvement in monetization. Analyst views and valuation concerns Despite the excitement surrounding Tether’s investment, questions remain about Rumble’s valuation and growth prospects. Oppenheimer analyst Jason Helfstein notes that while the $775 million equity investment strengthens Rumble’s balance sheet and alleviates liquidity concerns, the valuation appears ahead of its current advertising and subscription revenue performance. Analysts, including Wedbush’s Scott Devitt, have revised their outlook on Rumble, raising the price target from $8 to $10 but maintaining a neutral stance on the stock. While Tether’s $775 million investment is a major vote of confidence in Rumble’s potential, the company’s ability to sustain this momentum and deliver on its growth plans will be closely watched by investors. Featured image from Shutterstock. The post Here’s what’s happening with Rumble (RUM) stock this week appeared first on Finbold .
Coinbase, the third-largest centralized exchange (CEX) by trading volume, has released a crypto market outlook highlighting the five top areas to watch in 2025: stablecoins, tokenization, crypto exchange-traded funds (ETFs), decentralized finance (DeFi), and crypto regulation. Stablecoins are the first crypto product to find product-market fit (PMF) and have exploded this year. According to DefiLlama data , the sector’s market cap increased by over 50%, from $130.5 billion in January to $204.5 billion in December. Coinbase analysts estimate that stablecoins have facilitated over $27 trillion in transactions year-to-date (YTD), three times the volume processed last year. As adoption increases, they believe stablecoins' primary use cases will pivot from trading to global capital flows and commerce. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XYZ leads the pack in 2024’s crypto race, uniting sports and meme culture for explosive growth potential alongside rising stars like SUI, WIF, SHIB, and PNUT. Table of Contents Score big with XYZ Sui Dogwifhat Shiba Inu Peanut the Squirrel Conclusion Big changes are on the horizon for cryptocurrencies in 2024. Some digital coins could see their values skyrocket far beyond expectations. Investors are eager to find out which cryptos might offer the most profit. This article highlights top cryptocurrencies that could boost a portfolio and deliver impressive returns in the next year. Score big with XYZ As 2024 looms with the promise of explosive returns, XYZ has stepped into the crypto arena with knockout potential, aiming for a jaw-dropping 9,900% surge that could outshine even the hottest 100x plays. Think of this all-sports meme token as a golden ticket to a new era of high-octane growth, leaving yesterday’s stars like BOME and WIF in the dust. In a world teeming with mundane meme coins, XYZ brings the heat. Its XYZVerse ecosystem merges sports passion and meme culture into one electrifying hub, complete with prediction markets, entertainment dApps, and sports betting options. Millions of sports fans are gearing up to plunge into this exciting playground, driving demand, ramping up utility, and catapulting XYZ to the forefront of 2024’s biggest gainers. Imagine the frenzy that propelled Polymarket to $1 billion in trading volume during the US election mania. Now add meme coin hype, sports excitement, and crypto mass adoption, all powering XYZ in the GameFi landscape. XYZ aims to become the undisputed G.O.A.T of meme coins, tackling the ever-expanding gambling niche head-on. While BOME soared by 5,000% and WIF claimed a respectable 1,000% rally, XYZ is eyeing a monumental 9,900% leap by TGE. Fueling XYZ’s meteoric ascent is XYZVerse, where the community calls the plays. Active contributors not only influence development but also earn airdropped XYZ tokens as rewards. With rock-solid tokenomics, upcoming CEX/DEX listings, and strategic token burns, XYZ has laid the groundwork for a championship run, one that’s poised to keep its price scoreboard beaming upward. Interested investors can check out the the XYZ presale, which is now live. You might also like: Dogwifhat, Avalanche, and XYZVerse: WIF’s 950% surge eyes XYZ’s 6,900% boom by Q1 2025 Sui Sui is a new kind of blockchain that’s designed for the future. It’s built to handle global adoption by being secure, powerful, and able to scale as needed. At its core, Sui uses a unique way of managing data that focuses on objects. This makes it more efficient than many existing blockchains. It also uses the Move programming language, which adds an extra layer of security and addresses common problems found in other blockchain systems. What makes Sui stand out is its focus on the user experience. Many people find blockchain technology hard to use, but Sui aims to change that. It introduces innovations like zkLogin, which makes logging in easier, sponsored transactions that reduce costs for users, and programmable transaction blocks that make apps more flexible. Dogwifhat Dogwifhat is the latest sensation in the crypto world, bringing a fun twist to digital currencies. Inspired by the viral Dogwifhat meme, this dog-themed coin is gaining popularity on the Solana blockchain. Meme coins like WIF are known for their community spirit and ability to spread like wildfire across the internet. They often draw from popular memes or cultural trends, making them relatable and exciting for many crypto enthusiasts. In the current market cycle, WIF stands out with its playful approach and growing community. Unlike traditional cryptocurrencies, WIF focuses on creating a sense of fun and belonging among its holders. While its value can be more unpredictable due to its nature and large supply, many are drawn to its potential for rapid growth and the lively community behind it. Shiba Inu Shiba Inu started as a joke, much like Dogecoin. But it’s quickly becoming more than just a meme. Launched in August 2020 by someone known only as Ryoshi, SHIB runs on the Ethereum blockchain. This means it can work with many apps and systems already using Ethereum. Unlike Dogecoin, SHIB’s connection with Ethereum allows for more possibilities. There’s ShibaSwap, a place to trade tokens without a central authority. Plans are also in the works for a platform for NFTs (digital art) and a system where SHIB holders can have a say in decisions. This could make SHIB more useful. In the current market, while many coins are struggling, SHIB’s developments could make it stand out. Its potential for real-world use, not just as a joke, might attract more attention. As the crypto world evolves, SHIB could be a coin to watch. Peanut the Squirrel There’s a new squirrel in town, and it’s turning heads in the crypto world. Peanut the Squirrel (PNUT) is a meme-inspired token on the Solana blockchain. Designed for meme lovers and crypto enthusiasts, PNUT brings fun and community spirit to the table. With a total supply of 100 million tokens, it features zero transaction taxes, a revoked contract, and a burnt liquidity pool. This means holders can feel secure about their assets. The token’s mascot, Pnut, is a playful, Pepe-like squirrel that embodies the project’s lighthearted vibe. Investors can get their hands on PNUT by using platforms like Jupiter Aggregator. Conclusion SUI, WIF, SHIB, and PNUT are promising picks, but XYZ stands out by uniting sports fans in a memecoin aiming for massive growth, making it a top choice for 2024. To learn more about XYZ, visit the website , Telegram , and X . Read more: Dogecoin millionaire reveals why XYZVerse at $0.001333 mirrors DOGE’s 2021 rise Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
XYZVerse leads the pack in 2024's crypto race, uniting sports and meme culture for explosive growth potential alongside rising stars like SUI, WIF, SHIB, and PNUT. #partnercontent
MicroStrategy founder Michael Saylor recently published a proposal for crypto regulation and growth. His ‘Digital Assets Framework’ consists of five major points detailing the steps needed to foster crypto growth and adoption in the United States. As the first step, Saylor argues that a clear, universally understood taxonomy for digital assets is necessary for innovation and policy creation. He defines a digital commodity as an asset without an issuer backed by digital power, such as Bitcoin, and a digital security as an asset backed by a security, such as equity or debt. A digital currency is an asset backed by fiat, while digital tokens are fungible assets with issuers offering digital utility. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
In its latest Economic and Financial Research Report No. 893, the Bank of Italy (Banca d'Italia) classified Bitcoin peer-to-peer (P2P) services as “Crime-as-a-Service”, citing their suspected role in facilitating money laundering activities. Titled “Money Laundering and Blockchain: Can You Follow Their Footsteps in the Crypto World?” the report sheds light on platforms that enable Bitcoin trading without requiring Know Your Customer (KYC) verification. According to the bank, these services create opportunities for criminals to conceal the origins of illicit funds and complicate law enforcement efforts to track transactions. The report notes that such platforms often operate in jurisdictions with weak anti-money laundering (AML) regulations or in countries designated as high-risk by the Financial Action Task Force (FATF). The bank argues that this lack of oversight allows bad actors to exploit gaps in the global financial system. Related News: BREAKING : Donald Trump's Crypto Council Director is Announced - It Wasn't Expected One interesting aspect of the report is that it mentions events such as “Satoshi Spritz,” where people gather to exchange Bitcoin for goods or fiat currency. While these gatherings are typically organized by the Bitcoin community to promote cryptocurrency education and adoption, the Bank warns that they can also be used for illicit purposes, including money laundering. To combat these risks, the Bank of Italy has called for stricter regulatory measures and cites the importance of implementing robust KYC and AML protocols. *This is not investment advice. Continue Reading: Bank of Italy Publishes Report on Bitcoin: Includes Some Shocking Remarks
Bitcoin's low hits $92,520, raising concerns among traders. Experts predict a potential recovery in January as market conditions stabilize. Continue Reading: Market Analysts Assess the Current State of Cryptocurrency Prices The post Market Analysts Assess the Current State of Cryptocurrency Prices appeared first on COINTURK NEWS .
Bernie Moreno unseats Sherrod Brown, gaining crypto industry support and a seat on the Senate Banking Committee. Backed by $40 million from pro-crypto PACs, Moreno’s victory reflects growing industry influence
Crypto shifts focus to Lightchain AI, blending AI and blockchain at $0.003, with analysts eyeing it as the next big altcoin. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto shifts focus to Lightchain AI, blending AI and blockchain at $0.003, with analysts eyeing it as the next big altcoin. Table of Contents Why LCAI is gaining traction after the market correction Post-correction market opportunity Can LCAI outperform SOL and XRP in 2025? Future of LCAI looks bright After recent market corrections, crypto analysts are now on the lookout for the next big opportunity in digital currency. While Solana (SOL) and Ripple (XRP) seem to be stabilizing, the spotlight is shifting to Lightchain AI (LCAI), an up-and-coming altcoin priced at just $0.003. With its unique mix of artificial intelligence (AI) and blockchain technology, LCAI has been catching the attention of investors eager for something with high-growth potential. The buzz is only growing thanks to the ongoing Lightchain AI presale , giving early supporters a chance to snag LCAI before it potentially takes off. In this article, we’ll explore why many believe LCAI could outperform big names like Solana and XRP, possibly becoming the breakout coin of 2025 and beyond. Stay tuned! Why LCAI is gaining traction after the market correction Lightchain AI is gaining traction after the market correction due to its unique combination of utility, unique features, and a forward-looking roadmap that resonates with both developers and investors. Unlike guesswork coins, LCAI gives real uses by its Proof of Intelligence (PoI) way, which rewards good AI work and its Artificial Intelligence Virtual Machine (AIVM), made for easy running of AI jobs on the blockchain. These traits place LCAI as a useful fix in fields like health care; money and shipping͏, boosting steady need. Also, LCAI’s token system that lowers the amount by burning fees from transactions gives a good value for investors wanting to make money over time. Its aim of growing the ecosystem, worldwide use, and smart connections helps keep growth going, even when the market is unstable. By tackling real-life problems with new tech, LCAI has come forward as a strong and hopeful project after market correction. You might also like: Cardano and Toncoin take a backseat as Lightchain AI presale shines Post-correction market opportunity The crypto market has been volatile recently, with tokens like Solana and XRP facing major corrections. However, this presents a chance for investors to explore undervalued altcoins with strong growth potential. LCAI, priced at $0.003, offers an appealing entry point for diversifying portfolios before the next rally. Here’s why LCAI could outperform SOL and XRP. Technological Edge While Solana and XRP focus on speed and transaction efficiency, LCAI combines AI with blockchain to meet the rising demand for AI-powered solutions, offering real-world applications beyond finance. Growing Adoption With AI adoption accelerating, LCAI’s blockchain-AI integration is attracting developers and businesses seeking scalable, secure, and transparent tools. From AI-powered governance to predictive analytics and supply chain optimization, LCAI offers wide-ranging use cases, driving adoption across sectors. Strategic Roadmap LCAI’s roadmap includes key milestones like the testnet launch in early 2025 and the mainnet launch, which will expand its user base and real-world applications. These developments are expected to boost its market appeal and price potential. Can LCAI outperform SOL and XRP in 2025? Lightchain AI (LCAI) has the potential to outperform both Solana and XRP in 2025 due to its unique integration of blockchain and artificial intelligence, setting it apart in a crowded market. Unlike Solana, which focuses on transaction speed and scalability, and XRP, which targets cross-border payments, LCAI addresses broader real-world applications across industries like healthcare, finance, and supply chain management. Its Proof of Intelligence (PoI) consensus mechanism and Artificial Intelligence Virtual Machine (AIVM) enable the execution of AI-driven tasks, adding practical utility and innovation beyond traditional blockchain functionalities. Additionally, LCAI’s deflationary tokenomics enhance long-term value by reducing supply through transaction fee burning. Its detailed roadmap, emphasizing ecosystem growth, global adoption, and strategic partnerships, ensures sustained development and market expansion. By combining technological advancement, scalable solutions, and real-world utility, LCAI is positioned to attract a broader user base and investor interest, potentially surpassing SOL and XRP in growth and adoption by 2025. Future of LCAI looks bright With LCAI’s advanced technology, strong tokenomics, and massive growth potential, it is poised to outperform Solana and Ripple in 2025 and beyond. While XRP and Solana have dominated the market in the past, LCAI’s focus on AI-powered blockchain solutions gives it a distinct edge in the ever-evolving digital currency landscape. For investors looking to capitalize on LCAI’s growth before it explodes in value, now could be the time to get involved. With a price prediction of $3 or more by 2025, LCAI could be the next big crypto breakout. Don’t miss out on the opportunity to invest in LCAI before it’s too late. Visit Lightchain AI’s website for more information and to secure your stake in this exciting project. Read more: Investors turn to Lightchain AI 3000x potential after PEPE drop Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.