Rumble shares rose after announcing a major acquisition to expand its reach Amnesty International Cloud operations using Nvidia GPUs, supported by a significant services commitment from Tether. Meanwhile, Coinbase is launching a new platform to give investors early access to the tokens, and the strategy continues to do so Bitcoin Investors are anticipating the end of the US government shutdown, which could unleash a flood of new altcoin ETFs. Stay on encryption Important news with daily ‘Crypto Currents’ from The Fly. Join us at 2 PM ET for your essential recap of a fast-moving world Cryptocurrency On FlyCast Radio, also subscribe to our channel YouTube channel For Crypto Fly by Weekly Summary.
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RUMLE shares rise after AI acquisition and Tether deal: Ramble shares (Rum) jumped more than 20% in pre-market trading afterward Announcing plans to acquire high-performance computing company Northern Data AG In an all-stock deal worth approximately $767 million, According to CoinDesk. The acquisition will significantly expand Rumble’s cloud and AI operations, adding 22,400 Nvidia (NVDA) GPUs to its infrastructure. The transaction is backed by the stablecoin issuer Tether, which earmarked $150 million for GPU services from the combined company and an additional $100 million for a two-year advertising campaign to boost adoption of Rumble Wallet..
Coinbase launches token pre-listing platform: Coinbase (currency) He is Launching a new platform to provide selected investors with early access to new cryptocurrencies before they are listed on its main stock exchange. According to BloombergThe move aims to distribute the tokens more widely and reduce concentration among large buyers. This comes after the company acquired cryptocurrency investment platform Echo for $375 million last month. In other infrastructure news, Block’s (XYZ) The Square division manufactures the Bitcoin Payments product Available to eligible users in the US starting today. Kaboy Global markets (kbo) also Plans to introduce continuous futures contracts for Bitcoin and Ether today.
Strategy and Trump Media update on treasury holdings: strategy (MSTR) She reported that she had purchased an additional 487 Bitcoins (Bitcoin-Dollar) For $49.9 million. The company, which now owns 641,692 bitcoins, funded the purchase by taking advantage of market preferred stock programs. The purchase comes in the name of famous short seller Jim Chanos He announced that he would close his successful trade in a short selling strategy against a long Bitcoin positionin a post sent to X.
Separately, Trump Media and Technology Group (DJT) recorded a third-quarter net loss of $54.8 million. However, the company’s 8-K filing reveals a treasury of 11,542 bitcoin and unrealized staking gains of $33 million of 746 million krono. (crow-dollar) Symbols.
ETF outflows hit $1.2 billion as ice thaws: Despite the market surge, global exchange-traded cryptocurrency products saw net outflows of $1.17 billion last week, According to data from The Block. The outflows were led by US funds from BlackRock (Black) and Fidelity, where Bitcoin exchange-traded products lost $932 million and Ether (Ethereum-USD) Products witnessing $438 million in recalls. Buck the trend, Solana (sol-dollar) Exchange-traded products recorded $118 million in net inflows.
Market optimism is increasing with the US Senate It advanced a deal to end the 40-day government shutdown. This raised hopes for a “flood gate” for ETFs, Cointelegraph reported. Such as 11 XRP points (XRP-USD) ETFs, including from Bitwise and Franklin Templeton, Featured on the DTCC website. The news sent XRP soaring over 12% to $2.56. Ripple’s ODL network is also seeing institutional interest, with pilot programs reportedly including Mastercard (Master’s) and BlackRock (Block).
Price action: As of writing, Bitcoin is trading at $105,216.13, while Ethereum is trading at $3,525.25. According to price data from CoinDesk.
