Day: December 20, 2024

YouTube Competitor Rumble (RUM) Gets $775M Investment From Tether

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 Friday evening press release. That $7.50 is the same price per share Tether is paying for its stake. “I truly believe Tether is the perfect partner that can put a rocket pack on the back…

$29 Million Disappears During Market Collapse

boss

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

How Low Can Dogecoin Go Before It Rebounds? Expert Forecasts

boss

Este artículo también está disponible en español.   Over the past 12 days, Dogecoin (DOGE) has endured a sharp decline, shedding more than 40% of its value. After trading above $0.48 on December 8, the meme-inspired cryptocurrency briefly sank to $0.2638 by December 20, prompting a wave of speculation about its near-term direction. The backdrop to this drawdown has been the broader crypto market’s response to US Federal Reserve policy signals, with the latest downturn largely attributed to more hawkish projections from the Federal Open Market Committee (FOMC). While the…

HYPE, BGB, MOVE gain in double-digits amidst Bitcoin correction

boss

Hyperliquid, Bitget token and Movement added between 25% and 50% to their value this week. The three tokens have extended their gains in the past hour.  Amidst Bitcoin’s (BTC) crash under the $100,000 mark and market-wide correction in altcoins, these tokens hold on to their recent gains. An analysis of technical indicators shows it is likely that Hyperliquid (HYPE), Bitget token (BGB) and Movement (MOVE) extend their rally.  Bitcoin decline does not fade these altcoin gains Bitcoin slipped to a low of $92,232 on Friday after a steep correction from…

5 affordable cryptos to watch: Huge potential under $1

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Affordable tokens under $1, like XYZVerse, are attracting investors with explosive growth potential. As the cryptocurrency market experiences a remarkable surge, investors are eyeing promising digital assets priced under one dollar. With major coins hitting new milestones and altcoins reaching unprecedented levels, affordable tokens are gaining momentum. These low-cost cryptocurrencies could offer substantial returns, catching the attention of those looking to invest without significant capital. Uncover the potential of…

DeFi Protocol Usual’s Surge Catapults Hashnote’s Tokenized Treasury Over BlackRock’s BUIDL

There’s been a change of guard at the rankings of the $3.4 billion tokenized Treasuries market. Asset manager Hashnote’s USYC token zoomed over $1.2 billion in market capitalization, growing five-fold in size over the past three months, rwa.xyz data shows. It has toppled the $450 million BUIDL, issued by asset management behemoth BlackRock and tokenization firm Securitize, which was the largest product by size since April. Market cap of Hashnote’s USYC and BUIDL over time (rwa.xyz) USYC is the token representation of the Hashnote International Short Duration Yield Fund, which,…

Why The Crash To $0.31 Remains Natural

boss

Este artículo también está disponible en español. The entire crypto market has been riddled with a notable decline in the past 24 hours, led by Bitcoin’s break below the $100,000 price level again. Dogecoin wasn’t left out of this decline, which saw its price crashing by almost 15% and eventually reaching below $0.31. However, technical analysis suggests that this price decline is very natural in Dogecoin’s current trajectory. This technical analysis offers a silver lining for Dogecoin enthusiasts, as it frames the pullback as a natural phenomenon within the broader…