3 hours ago
Daniele Sesta, the mind behind TIME Wonderland, is launching a new AI Agent venture on Sonic and demand for presale access grew so intense, that tech-savvy investors hacked their way into the USDC contribution pool before it had officially opened. The initial coin offering (ICO) pool opened on Dec. 18, with a $21 million maximum market capitalization to be split between S token contributions, and USDC contributions. Sonic is a high-performance Layer 1 blockchain that launched on Dec 18. The chain is the successor to Fantom, and as of Wednesday, FTM holders were able to bridge their tokens to Sonic and convert them for S tokens. The chain, still in its infancy, mostly just consists of memecoins as the team prepares for DeFi and stablecoin integrations. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The Defiant
You can visit the page to read the article.
Source: The Defiant
Tags :
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Tether Takes $775M Stake in Video-Sharing Platform Rumble; RUM Shares Soar 41%
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 of Rumble as we prepare for our next phase of growth," said Rumble CEO Chris Pavlovski. "Legacy media has increasingly eroded trust, creating an opportunity for platforms like Rumble to offer a credible, uncensored alternative," said Tether CEO Paolo Ardoino. "Beyond our initial shareholder stake, Tether intends to drive towards a meaningful advertising, cloud, and crypto payment solutions relationship with Rumble." RUM shares have rocketed higher by 41% in after hours action to $10.13. The Defiant
All Eyes on Trump: Bitcoin Crash Could Pave the Way for a Historic Rebound in 2025
Bitcoin (BTC) recently hit an all-time high of $108,364, only to tumble to $92,118 within three days. This dramatic price drop coincides with growing political unease in the U.S., as the federal government faces a potential shutdown. Despite the downturn, some anticipate the emergence of a “God candle” that could mark bitcoin’s most impressive rebound The Defiant
