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Tether Invests $775M in Rumble to Champion Free Speech

Tether, the company behind the world’s largest stablecoin by market capitalization, has recently invested $775 million in Rumble, a video-sharing platform that positions itself as a censorship-free alternative to YouTube. The collaboration between Tether and Rumble marks a strong stance in favor of free speech and financial freedom, according to statements from both companies. In a December 20 post on X, Tether CEO Paolo Ardoino expressed the company’s commitment to supporting technologies and businesses that promote resilience and independence. “Tether deeply believes in the fundamental values of freedom of speech and financial freedom,” Ardoino emphasized, framing the investment as a strategic step toward empowering individuals. Ambitions to Challenge YouTube Rumble CEO Chris Pavlovski welcomed the investment, underscoring his determination to disrupt YouTube’s dominance. In a statement on social media, Pavlovski said, “YouTube, lookout. I’m coming for your monopolistic market share globally.” The partnership aims to integrate advertising, cloud services, and crypto payment solutions, strengthening Rumble’s position as a competitive platform. The announcement immediately impacted Rumble’s stock price, with shares (RUM) soaring by 51.60% in after-hours trading, hitting $10.90, according to Google Finance. This surge reflects market confidence in the alliance between Tether and Rumble, as well as growing interest in platforms that prioritize free expression . Bitcoin on Rumble Balance Sheet In addition to its partnership with Tether, Rumble recently decided to add Bitcoin to its corporate balance sheet. The decision follows a social media poll conducted by Pavlovski in November, where 93.9% of 43,790 respondents voted in favor of the move. Rumble’s board of directors approved a strategy to allocate up to $20 million from its excess cash reserves toward Bitcoin acquisitions. This step aligns with the platform’s focus on financial innovation and decentralization, positioning it as a forward-thinking player in the tech and crypto sectors. Tether’s investment and Rumble’s bold financial strategies signal a growing alignment between decentralized technologies and platforms advocating for free speech. The post Tether Invests $775M in Rumble to Champion Free Speech appeared first on TheCoinrise.com . Decrypt

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Whales Accumulate $ENA As Ethena Reaches Record High TVL

Whale activity surrounding $ENA has surged in recent days, signaling strong confidence in Ethena’s growing ecosystem. Over the past three days, a newly established wallet has withdrawn 13.65 million $ENA (worth $13.42 million) from Binance, highlighting significant accumulation during the recent market dip. Whales are accumulating $ENA . Over the past 3 days, this newly created wallet has withdrawn 13.65M $ENA ($13.42M) from #Binance . https://t.co/yVzvPAUlYG pic.twitter.com/warF4CflA8 — Lookonchain (@lookonchain) December 20, 2024 In total, whales have purchased over 36.55 million $ENA amid the price correction, demonstrating their belief in the token’s long-term potential. This buying spree reflects increasing interest in Ethena as it solidifies its position as a key player in the DeFi space. During the recent price dip, whales bought over 36.55 million #Ethena $ENA ! pic.twitter.com/U410ClRCbW — Ali (@ali_charts) December 18, 2024 Data from DeFiLlama reveals that as of December 17, Ethena’s Total Value Locked (TVL) surpassed an impressive $6 billion, setting a new record high. A significant portion of this comes from the supply of USDe, which reached 5.933 billion, alongside USDtb supply amounting to 70.42 million. 据 DeFilama 平台数据显示，截止 12 月 17 日，Ethena TVL 突破 60 亿美元，创历史新高。其中 USDe 供应量达 59.33 亿枚，USDtb 供应量达 7042 万枚。 pic.twitter.com/djHY1oZPBA — BlockBeats｜We`re hiring! (@BlockBeatsAsia) December 17, 2024 These milestones underscore the growing adoption of Ethena’s ecosystem, particularly its innovative stablecoin solutions. The platform’s ability to attract substantial liquidity and whale interest highlights its strong market positioning and trust within the DeFi community. Ethena’s recent success can be attributed to its robust protocol design and the increasing demand for stablecoin and yield-generating opportunities. With whales actively accumulating $ENA and TVL climbing to new heights, the project is well-positioned for continued growth and influence in the decentralized finance sector. As investor confidence grows, all eyes remain on Ethena’s next developments, as it continues to push boundaries and drive innovation in the crypto space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch Decrypt