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Rumble Stock Jumps 14% as Tether Increases Stake by Over 1 Million
13+ hour, 41+ min ago (349+ words) Shares of Rumble, the video streaming platform, surged 14% on Monday after Tether acquired an additional 1.1 million shares. The purchase, worth approximately $5.75 million, was disclosed in an SEC filing. Tether's increased stake has brought its total holdings in Rumble to nearly 104.4 million shares, valued at around $680 million. Tether Holdings purchased an additional 1,063,670 shares of Rumble last week. The shares were purchased in three separate transactions at prices ranging from $5.38 to $5.46. The recent acquisition was part of Tether's ongoing investment strategy in Rumble, which now owns 104.4 million shares of the streaming platform. Tether first entered the Rumble market last year, purchasing over 103 million shares at $7.50 each. At that time, Rumble stock spiked sharply, reaching $10.57 per share. Despite recent gains, Rumble stock has fallen nearly 50% since the beginning of the year, and it now trades at $6.51. Tether's ongoing investments have been central to…...
Alibaba (BABA) Stock Climbs as AI App Qwen Records 10 Million Downloads in Seven Days
23+ hour, 57+ min ago (319+ words) Alibaba shares gained more than 5% in Hong Kong on Monday after the company announced its Qwen AI app reached 10 million downloads. The milestone occurred within seven days of the app's relaunch. Alibaba Group Holding Limited, BABA The e-commerce giant shared the download data through a WeChat blog post. The figures mark a strong opening for Alibaba's effort to build a competitor to OpenAI's ChatGPT. Alibaba refreshed its existing mobile apps on iOS and Android earlier this month. The company consolidated these services under the unified Qwen brand. The download rate places Qwen among the fastest-growing AI applications in China. OpenAI's ChatGPT is not available in the Chinese market. Kenny Ng from China Everbright Securities International weighed in on the launch. He stated that Qwen's ability to drive consumer business will influence Alibaba's future valuation. The market views this development as…...
Circle Launces USDC on Monad as Curve, Coinbase Join 13 Launch Apps
7+ hour, 23+ min ago (304+ words) Circle has deployed USDC and its Cross-Chain Transfer Protocol on Monad, marking the 29th blockchain to support the regulated stablecoin natively. The payments company announced the integration alongside Circle Wallets and Circle Contracts through a blog post." USDC, CCTP, Wallets, and Contracts are now live on @monad! " Circle (@circle) November 24, 2025 Monad operates as a Layer-1 blockchain built for high throughput while maintaining full Ethereum Virtual Machine compatibility." CCTP now connects Monad to 17 other blockchain networks without requiring liquidity locks." The protocol burns USDC on the source chain and mints an equivalent amount on the destination chain. This approach eliminates the capital inefficiency of traditional bridge models that lock funds in smart contracts. Circle positioned the integration as more than just stablecoin deployment. The company bundled four developer products in the launch package. Each service targets specific use cases across decentralized finance…...
Senator Cynthia Lummis Calls for End to Operation Chokepoint 2.0, Criticizes JPMorgan
12+ hour, 50+ min ago (370+ words) U.S. Senator Cynthia Lummis has sharply criticized JPMorgan for its stance against cryptocurrency. She called for an end to Operation Chokepoint 2.0, a program aimed at blocking firms in the blockchain space from accessing banking services. Lummis argued that the bank's actions harm public trust in traditional banking and hinder the growth of digital assets in the United States. The dispute began when JPMorgan closed the accounts of Jack Mallers, the CEO of the Bitcoin payment firm Strike. Mallers, a vocal advocate for cryptocurrencies, criticized JPMorgan for failing to provide a clear reason for the closure. JPMorgan cited "concerning activity" discovered during routine reviews but did not offer further details. Operation Chokepoint 2.0 is a program that seeks to prevent firms in the cryptocurrency sector from accessing banking services. The initiative follows the U.S. Department of Justice's Operation Chokepoint, which was launched in 2013. Critics…...
Japan FSA to Force Crypto Exchanges to Hold Mandatory Reserve Funds
5+ hour, 37+ min ago (370+ words) Japan'sFinancial Services Agency (FSA) is moving to require cryptocurrency exchanges to set aside liability reserves to cover losses from hacks or unauthorized outflows. T he change comes amid global concern over security incidents and aims to give customers quick compensation. A working group under the Financial System Council is drafting a report that will call for new legal obligations. The FSA is expected to submit a bill in 2026 to formalize the reserve requirement." Under the new regulatory proposal, exchanges in Japan will have to maintain a dedicated liability reserve. These funds would act as a buffer to pay customers if assets are stolen or drained due to unauthorized access." Currently, Japanese exchanges are required only to store customer assets in cold wallets, but they do not need to earmark separate compensation reserves." The FSA plans to model the reserve requirements…...
CME Group Expands Crypto Futures with XRP and Solana Contracts
12+ hour, 59+ min ago (329+ words) CME Group has announced new spot-quoted futures for XRP and Solana, scheduled to launch on December 15, pending regulatory review. This expansion of CME's crypto offerings comes in response to growing institutional interest in these assets. The futures contracts will track real-time spot prices, offering lower margin requirements to increase capital efficiency for institutional investors. XRP has seen strong institutional inflows, especially among spot ETF products. SoSoValue reports that $179.6 million was invested in XRP spot ETFs this week. These inflows highlight a steady rise in investor interest in regulated XRP funds. The trend is not limited to the U.S. According to CoinShares, XRP experienced inflows of $89.3 million in international markets last week. This signals deeper institutional involvement in XRP as a preferred asset. CME Group's decision to introduce XRP futures reflects this growing demand. The futures will provide institutions with greater access…...
Revolut Hits $75B Valuation After Share Sale Backed by Top Firms
13+ hour, 20+ min ago (432+ words) Revolut has reached a $75 billion valuation following a recent share sale involving leading global investment firms. The London-based fintech allowed employees to sell equity, marking its fifth employee liquidity event since its founding. This move places Revolut among the world's most highly valued private fintech companies as it continues global expansion. Coatue, Greenoaks, Fidelity, and Dragoneer led the funding, while Andreessen Horowitz, Franklin Templeton, and T. Rowe Price joined. NVentures, Nvidia's venture capital arm, also participated, highlighting ongoing investor confidence in Revolut's business strategy and growth. Revolut confirmed the deal on Monday, saying it enabled staff to access liquidity through the company's equity program. Revolut's Chief Financial Officer Mikko Salovaara said the share sale provided flexibility and recognized the team's hard work. He noted, "We're pleased to offer liquidity while maintaining a strong capital position to support our growth plans." This…...
VeChain Grabs EU Digital Product Passport Deal Ahead of 2026 Deadline
7+ hour, 39+ min ago (318+ words) VeChain has struck a partnership with Rekord to build tokenization infrastructure for Real-World Assets across the European Union. The deal positions VeChain as Rekord's preferred blockchain partner for regulated enterprise applications." Rekord's API-first trust layer will anchor data proofs on VeChainThor's public network. The move targets businesses preparing for Europe's incoming Digital Product Passport requirements. The partnership directly addresses the European Union's Ecodesign for Sustainable Products Regulation set to take effect in 2026." ESPR will mandate Digital Product Passports that tie product information to sustainability and compliance standards. Manufacturers across the EU will need verifiable systems to track goods throughout their lifecycle. " VeChain (@vechainofficial) November 24, 2025 VeChain brings established supply chain credentials to the arrangement." The technical setup allows businesses to capture product data at source through Rekord's infrastructure. Those records then get anchored as permanent proofs on VeChainThor." Companies can prepare…...
MetaPlanet Executes New $130M Bitcoin-Backed Loan as Credit Facility Usage Climbs
13+ min ago (376+ words) MetaPlanet has executed a new 130 million dollar loan backed by its Bitcoin holdings." The company confirmed the drawdown through a formal notice dated November 25. It now has 230 million dollars borrowed under its 500 million dollar credit facility. The funds will support new Bitcoin purchases and expand revenue operations tied to Bitcoin. The latest drawdown follows the credit facility agreement disclosed on October 28." MetaPlanet stated in its letter that the lender remains undisclosed at the counterparty's request. The company secured the loan on November 21 at a rate tied to a reference USD benchmark plus a spread. The arrangement renews daily and can be repaid whenever the company chooses. The credit line is fully secured by the company's Bitcoin holdings. MetaPlanet noted that it held 30,823 BTC as of October 31, worth about 3.5 billion dollars." This balance provides substantial collateral coverage for the 130 million dollar…...
ADA Struggles at $0.55 While MUTM Nears Phase 6 95% Sellout, Which Is the Best Crypto to Buy?
22+ hour, 17+ min ago (448+ words) Cardano is entering another difficult phase of price action as buyers lose strength near a key resistance level. At the same time, a new DeFi crypto under $0.05 is close to selling out its largest presale phase. This contrast is starting to shape investor behavior as the market moves into an important period. Many traders now question whether ADA can still deliver strong returns or if Mutuum Finance (MUTM) has become the better crypto to buy before its next price increase. The shift in momentum is clear. ADA is slowing down while MUTM is accelerating, and this dynamic is drawing more attention each day. Cardano remains one of the most well-known layer one networks. It has a large, loyal community and a long track record in the market. But the price continues to struggle. ADA trades around one of its most…...