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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 . CoinOtag

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Ripple, Dogecoin Whales Bought the Dip as XRP, DOGE Prices Soar

TL:DR; Investors with lots of conviction for certain assets tend to utilize deep corrections to stack more of those coins, and this seems to be the case in regards to the two of the largest cryptocurrencies – DOGE and XRP. On-chain data shows that large wallets poured millions into both during the recent market meltdown. The market-wide crash that began in the middle of the business week caught many by surprise, given the billions of dollars worth of liquidations that were evident on a couple of occasions. All crypto assets headed south vigorously, with BTC leading the way by plummeting from over $108,000 on Tuesday to $92,000 on Friday. As it typically happens, the altcoins were not sparred, just the opposite. Dogecoin and Ripple were among the worst-performing assets at one point. The largest meme coin stood north of $0.41 before the correction began but dumped by over 35% to its low on Friday of $0.26. XRP’s price plummet was almost identical as the asset came crashing down from $2.72 on Tuesday to $1.96 – a 28% drop. However, both have bounced off since those lows, with DOGE trading close to $0.34 (30% higher) and XRP at $2.3 ( up by 17% ). On-chain data shared by the popular crypto analyst Ali Martinez shows that whales tracking both assets didn’t sit on the sideline but actually went on an accumulation spree. In Ripple’s case, they stacked up on 80 million tokens since the retracement began on December 17. Whales bought 80 million $XRP since the price correction began on December 17! pic.twitter.com/nakUKEIzYC — Ali (@ali_charts) December 20, 2024 Dogecoin whales also opened up their wallets by accumulating over 250 million DOGE. Such big purchases tend to positively impact the underlying assets’ prices due to the declining immediate sell pressure. Whales bought over 250 million #Dogecoin $DOGE during the recent market dip! pic.twitter.com/qH7JSkkdhK — Ali (@ali_charts) December 21, 2024 The post Ripple, Dogecoin Whales Bought the Dip as XRP, DOGE Prices Soar appeared first on CryptoPotato . CoinOtag