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ETH price breaks 30-day range; will ETH price rise alongside this cheap altcoin?
Ethereum is shattering its 30-day trading range soaring past $2,800 for the first time since February. Open interest in ETH futures has skyrocketed to a record $41 billion signaling robust trader confidence. Open interest in ETH futures has climbed to $41 billion an all-time high. This surge reflects growing trader conviction in a bullish move. The 50-day SMA is nearing a crossover with the 150-day SMA a potential buy signal. Meanwhile Mutuum Finance (MUTM) an Ethereum-based altcoin is drawing attention in its presale phase 5 at $0.03 per token. This project has already raised $10,600,000, sold over 550 million tokens, and attracted 12,000 holders since its presale began. Savvy investors actively hunt promising altcoins positioned alongside ETH’s momentum. Identifying the best crypto to buy now becomes crucial during such breakouts. Mutuum Finance (MUTM) emerges as a compelling contender. MUTM’s presale advances rapidly through its structured phases. Phase 5 is currently underway. Investors secure tokens at $0.03 each during this window. Remarkably, this price represents a 200% increase from the opening phase. Demand remains exceptionally strong. Over $10,600,000 has been raised since the presale began. More than 550 million MUTM tokens have found holders. Total MUTM holders since presale began now exceed 12,000. This robust participation underscores significant investor confidence. The presale structure guarantees increasing prices. Phase 6 will open next, featuring a 16.7% price hike to $0.035. Furthermore, the confirmed listing price is $0.06. Consequently, buying in Phase 5 ensures a 100% return on investment at launch. This mathematical certainty attracts strategic crypto investment. It offers a clear advantage amidst fluctuating crypto prices. Mutuum Finance DeFi utility Its platform pioneers a dual-lending approach. Peer-to-Contract and Peer-to-Peer models coexist. This design enhances flexibility and user control. Lenders earn passive income supplying stablecoins to smart contract pools. Borrowers gain instant access to these pooled funds. Interest rates adjust algorithmically for fairness. The P2P model facilitates direct agreements between users. Negotiation happens freely without intermediaries. This fosters true decentralization and customized terms. Security forms a foundational pillar for Mutuum Finance. The project recently finalized its Certik audit successfully. Certik’s assessment yielded an 80.00 security score. This indicates a solid security posture. Crucially, no vulnerabilities were discovered in the audited smart contract. Monitoring remains active for ongoing safety. Moderate social media engagement further supports transparency. These factors enhance the project’s reliability significantly. The team also launched a new dashboard feature. It includes a leaderboard tracking the top 50 token holders. These leading holders will earn bonus token rewards for maintaining their positions. This incentivizes long-term commitment. Investor excitement through rewards Mutuum Finance announced a substantial giveaway event. To celebrate the upcoming Mutuum Finance presale, MUTM is awarding a $100,000 giveaway , split among 10 winners—each receiving $10,000. Participating is straightforward. First, submit a valid wallet address for potential prize receipt. Second, complete all required quests thoroughly. Third, confirm eligibility. A minimum $50 investment in the Mutuum presale is mandatory to qualify. This opportunity adds considerable value for early supporters. Considering the tokenomics, the potential extends far beyond the guaranteed 2x. Post-launch projections are decidedly optimistic. Based on platform adoption and utility demand, analysts foresee MUTM reaching between $1.50 and $2.00 within a reasonable timeframe. Through all these offerings, MUTM stands out among new crypto coins seeking traction. A promising path forward Ethereum’s breakout is igniting interest in the crypto market, and Mutuum Finance (MUTM) is riding this wave. Its presale at $0.03 offers a 100% ROI at the $0.06 launch price. With a predicted $2.50 post-launch value, the altcoin holds massive potential. The project’s secure stablecoin, innovative lending, and Layer-2 integration make it a compelling choice. Investors are joining the 12,000 holders already onboard. The crypto market is watching closely as Mutuum Finance (MUTM) emerges as a top crypto to buy now. Don’t miss this chance, explore Mutuum Finance (MUTM) today and secure your position. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post ETH price breaks 30-day range; will ETH price rise alongside this cheap altcoin? appeared first on Invezz

Invezz 2025-06-14 17:50
Pocket Network, Status, MAP Protocol, Sky crypto price predictions
The crypto market made some improvements today, June 14, as investors bought the dip following Friday’s crash. Bitcoin price held steady above $105,000, while the market capitalization of all tokens rose to $3.4 trillion. This article provides a forecast of top cryptocurrencies like Pocket Network (POKT), Status (SNT), MAP Protocol (MAPO), and Sky (SKY). Pocket Network price prediction POKT price chart | Source: TradingView The daily chart shows that the Pocket Network price bottomed at $0.008425 in April. This rebound happened after it went through a prolonged period of consolidation, which, in this case, was the accumulation period of the Wyckoff Theory. The POKT price then surged after Upbit, the biggest South Korean crypto exchange listed it. It also jumped after the developers rolled out a key upgrade .This surge pushed it to a high of $0.0975, its highest point since June 13 last year. Pocket Network price then pulled back amid profit-taking among crypto investors. It dropped to a low of $0.04650, its lowest point on June 9. This pullback was part of the formation of the handle section of the cup-and-handle pattern. This cup has a depth of about 90%. Therefore, measuring this distance from the cup’s upper side gives it a target of $0.1400, the highest swing since May 17. A drop below the support at $0.046 will invalidate the bullish view. Status price forecast SNT price chart | Source: TradingView The Status token price bottomed at $0.01598 in April as the crypto market crash happened. This was a notable level since it coincided with the lowest swing in August last year. It was the double-bottom point whose neckline was at $0.0849. Status token has moved above the 50-day and 100-day moving averages. It has also moved above the ascending trendline that connects the lowest swing since April 9. The uptrend will likely continue as long as it is above the two moving averages and the ascending trendline. The key point to watch will be at $0.056, the highest point on May 29, which is about 70% above the current level. A drop below the ascending trendline will invalidate the bullish view. MAP Protocol price technical analysis MAPO price chart | Source: TradingView The daily chart shows that the MAP Protocol token dropped to $0.0039 in April and went through a consolidation as part of the accumulation phase of the Wyckoff Theory. It then went parabolic on Friday, reaching a high of $0.010, its highest point on February 2. This surge happened after the token was added to Burrito Wallet, a leading wallet provider. MAP Protocol price remains above the 50-day and 25-day Exponential Moving Average. The MACD and the Relative Strength Index (RSI) have all pointed upwards and moved to the overbought level. Therefore, the most likely scenario is where the MAP Protocol token retreats in the next few days as investors take profits. If this happens, the next point to watch will be at $0.0060. A move above $0.01 will invalidate the bearish MAPO forecast. Sky Protocol price forecast SKY price chart | Source: TradingView Sky Protocol, formerly known as Maker , bottomed at $0.032 in February this year. It has formed an ascending channel, comprising of a series of higher highs and higher lows since March 9. The current Sky price is slightly below the upper side of the channel. It has also moved slightly above the 50-day and 25-day EMA, while the MACD indicator has pointed upwards. Therefore, the token will likely continue rising as bulls target the key resistance level at $0.10. The alternative scenario is where the Sky price retreats and retests the lower side of of the channel at $0.070. The post Pocket Network, Status, MAP Protocol, Sky crypto price predictions appeared first on Invezz

Invezz 2025-06-14 17:50
Bitcoin (BTC) Price Prediction for June 14
Has local rise of Bitcoin (BTC) ended yet?

U.Today 2025-06-14 17:42
Crypto’s Big Win: How the SEC Just Rewrote the Rulebook
The U.S. Securities and Exchange Commission (SEC) has abruptly repealed multiple Biden-era crypto regulations, dismantling key proposals that industry leaders and lawmakers criticized as overreach. The move, announced on June 13, 2025, marks a dramatic shift in the SEC’s approach under Chair Paul Atkins and aligns with President Donald Trump’s pledge to foster “American crypto dominance.” The Axed Rules: DeFi, Custody, and Exchange Redefinitions The SEC scrapped 14 proposed rules introduced under former Chair Gary Gensler, including two with major implications for crypto: Rule 3b-16 : Would have expanded the definition of “exchange” to include DeFi protocols, requiring platforms facilitating token trades to register as securities exchanges. Critics argued this could criminalize open-source developers and Discord chat groups. Enhanced Custody Rule : Mandated investment advisers to hold client crypto assets only with SEC-approved custodians (e.g., banks), sidelining crypto-native firms like Coinbase Custody. Other repealed measures targeted security-based swaps and climate disclosures, reflecting a broader deregulatory agenda. Why Commissioners Called It Overreach SEC documents reveal bipartisan concerns that the rules created vague, unworkable standards. Rule 3b-16’s 650-page proposal never explicitly mentioned “DeFi” but implied that even Telegram groups coordinating token swaps could be regulated as exchanges. Republican Commissioner Hester Peirce praised the repeal, stating: “These rules threatened to stifle innovation by punishing developers for writing code. The SEC isn’t Congress—we can’t legislate via enforcement.” Democrats warned the rollback risks consumer harm, but conceded the proposals lacked clear guidance for compliance. For DeFi projects, the repeal of Rule 3b-16 is a temporary victory. Platforms like Uniswap and Curve no longer face imminent SEC action, but the lack of clear rules leaves a regulatory vacuum. Some lobbyists worry this could embolden bad actors, while others see an opening for self-policing. “This isn’t a free pass. DeFi builders still need to engage with regulators or risk future crackdowns.” — Marta Belcher, Electronic Frontier Foundation Industry Reactions: Cheers, Caution, and Strategic Shifts The SEC’s rollback has sparked swift and varied reactions across the crypto landscape. Startups and venture investors are celebrating what they see as a long-overdue win for innovation, predicting a surge in DeFi projects and U.S.-based crypto launches. Andreessen Horowitz and other major backers have called it a “win for American tech leadership,” expecting renewed momentum for the sector. However, the mood is more cautious among Wall Street banks and traditional asset managers, who quietly lament the loss of the custody rule that would have funneled more assets into their control. Legal scholars warn of “policy whiplash,” arguing that such abrupt regulatory shifts create uncertainty for both investors and builders. Industry lobbyists, meanwhile, are pivoting their efforts toward Congress, seeking more stable, statutory clarity to avoid future reversals. What’s Next for Crypto Regulation? A New Era, but Uncharted Waters With the Biden-era rules gone, the SEC’s Crypto Task Force is now working on more targeted guidelines, focusing first on clarifying when a token is a security or a commodity. There’s also a push for joint oversight of stablecoins, with the SEC, CFTC, and Treasury aiming for a unified approach that balances innovation with risk management. Rather than relying on broad enforcement, the SEC is expected to test new tools for market surveillance and fraud detection that won’t hamper DeFi growth. The next year will be pivotal: Congress is preparing hearings, new ETF and DeFi filings are expected, and the industry is bracing for both opportunities and fresh regulatory debates. The U.S. crypto sector is entering a new phase — freer, but still facing significant uncertainty.

Coinpaper 2025-06-14 17:41
Invesco Registers Solana ETF in Delaware, Signaling Potential Institutional Interest in SOL Blockchain
Invesco’s recent registration of the Galaxy Solana ETF in Delaware marks a pivotal moment, signaling growing institutional confidence in the Solana blockchain ecosystem. This move is expected to catalyze increased

CoinOtag 2025-06-14 17:41
Cardano Considers $100M ADA Conversion to Stablecoins and Bitcoin to Enhance DeFi Liquidity
Cardano’s strategic proposal to convert $100 million worth of ADA into stablecoins and Bitcoin aims to significantly enhance liquidity within its DeFi ecosystem. This initiative marks a pivotal step towards

CoinOtag 2025-06-14 17:37
Best Altcoins to Mimic Trump’s $57.4M Crypto Income – Price Jumps, Staking, and Other Rewards
Donald Trump has disclosed an income of $57.4M from World Liberty Financial tokens. The president filed his public financial disclosure to the US Office of Government Ethics, declaring that he holds 15.75B $WLFI tokens, the native cryptocurrency of WLF. Interestingly, though, no details were provided as to how this income was generated. Was it through sale or staking, or any other mechanism? We don’t know. Read to know more about WLF and Trump’s pro-crypto approach. We’ll also suggest the best altcoins you can buy now to rake in a handsome income yourself. Price jumps, staking, we’ve covered it all. Trump’s Crypto Empire: From Stablecoins to Meme Tokens World Liberty Financial is a decentralized project focusing on open and on-chain infrastructure with special attention to dollar-pegged stablecoins. It has also issued $USD1, a new stablecoin similar to $USDT and $USDC. The project has raised around $550M in token sales so far. It’s worth noting that the Trump family has a 75% share in the net revenues of this project, with 60% ownership in WLF Holdco LLC through DT Marks DEFI LLC. Overall, the Trump family owns 22.5B out of the total 100B $WLFI token supply. Besides WLFI, Trump had also launched his own meme coin, $TRUMP, just before his appointment as the president. It was under him that the first Bitcoin ETF was approved in the US. He also announced the formation of a US Bitcoin reserve . In addition to being a boon for the crypto industry, Trump has made a decent return from crypto himself. If you want to become an ace crypto player just like him, here are some cryptos worth investing in right now . 1. Solaxy ($SOLX) – Best Altcoin to Buy If You’re Looking for Explode-Worthy Tokens Solaxy ($SOLX) is one of the best cryptos to buy now , seeing as it’s leading the DeFi revolution by being the first-ever Layer 2 scaling solution on Solana. Solana’s troubles with scalability began soon after the launch of $TRUMP and $MELANIA, two hyper-successful meme coins that flooded the blockchain with new investors. This resulted in periods of sudden spikes in transaction requests, which Solana couldn’t handle, serving up one failed transaction after another. Solaxy’s brand-new L2 for Solana will address this by offloading a chunk of the network’s transactions onto a sidechain. This will reduce the burden on Solana, allowing it to function like the good old days. Additionally, Solaxy has also designed its L2 to process multiple transactions simultaneously. This will reduce the per-transaction cost, further driving up Solana’s cost-efficiency. Now, here’s the real kicker: Solaxy is predicted to explode over 11,300% and reach $0.20 by 2030. If you wish to ride Solana’s newfound vigor and Solaxy’s promise, buy $SOLX now for just $0.001758. Oh, and the project has in total raised nearly $50M, so you’ll be buying into the best crypto presale of 2025. But hurry up because the presale ends in less than 2 days. 2. Bitcoin Hyper ($HYPER) – Revolutionizing Bitcoin with a Layer 2 Solution, Highest Staking Rewards If you’re looking for a new crypto that can earn you a significant amount of passive income via staking, look no further than Bitcoin Hyper ($HYPER) . Currently in presale, $HYPER is offering early investors 613% p.a. as staking rewards. It’s worth mentioning, though, that this rate is dynamic and will keep decreasing as the presale progresses. So, buy Bitcoin Hyper as early as possible. One token is currently selling for just $0.011875, and besides staking rewards, you’ll also stand a chance to make around 2,100% in gains. That’s because $HYPER is predicted to shoot up to $0.253 by 2030 . Powered by a Solana Virtual Machine (SVM) integration, $HYPER connects with Bitcoin Layer 1 through a Canonical Bridge. It works by converting L1 $BTC into L2 ‘wrapped’ $BTC, which can be used to access decentralized applications, Web3, and gaming dApps, as well as speed up transactions on them. In other words, Bitcoin Hyper wants to breathe new life into the aging Bitcoin blockchain by speeding up transactions, lowering fees, and offering improved DeFi access. 3. Jelly-My-Jelly ($JELLYJELLY) – Viral Meme Coin Starting Fresh Rally Jelly-My-Jelly is the brainchild of Venmo’s co-founder, Iqram Magdon-Ismail, and a crypto investor, Sam Lessin. It’s worth noting that the ‘utility’ behind $JELLYJELLY is that it offers token holders early-bird access to an upcoming video-sharing app that will supposedly be the fastest way to post clips from a video chat. However, it has emerged as one of the top trending cryptos , mainly due to hype and backing from the degen community. $JELLYJELLY is up more than 17% over the past seven days – and a chunky 57% over the past year – with each token currently available for a low price of $0.02902. Wrapping Up Donald Trump’s massive $57.4M income from World Liberty Financial tokens is undoubtedly a strong signal of crypto’s bold embrace at the highest level. If you wish to replicate Trump’s crypto success, look at high-potential tokens like Solaxy ($SOLX) and Bitcoin Hyper ($HYPER) . However, bear in mind that investments in crypto are subject to market risks. None of the above is financial advice, and you should only invest after doing your own research.

NewsBTC 2025-06-14 17:37
Bitcoin Holder GameStop Upsizes Convertible Debt Offering To $2.25 Billion Amid BTC Acquisition Plans
GameStop announced an increase in its previously disclosed offering of convertible senior notes. The company upsized its latest convertible debt offering to $2.25 billion from $1.75 billion , signaling a deeper commitment to establishing its corporate BTC treasury. GameStop Increases Note Sales To $2.25B For Potential Bitcoin Buys GameStop said in a press release published late on Thursday that it would be offering investors more convertible bonds, following a similar multi-billion-dollar raise in March. The $2.25 billion offering targets “qualified institutional buyers” and is expected to close on June 15, 2032, unless converted or repurchased earlier. The embattled video game retailer’s latest batch of convertible bonds, which will carry no interest, will have a conversion price of roughly $28.91 per share, which may change “in some events.” The conversion price of the notes represents a 32.5% premium compared to the company’s average stock price on June 12. GameStop will also allow initial purchasers to purchase up to an additional $450 million in notes within 13 days of the initial issuance. Companies like Michael Saylor’s Strategy (formerly known as MicroStrategy) have been able to boost the amount of Bitcoin they own per share by raising funds at a premium relative to their BTC stash and putting that cash into the benchmark crypto. The company, which owns over 582,000 BTC — nearly 3% of the token’s total possible supply — has seen its stock rocket by over 900% in the past year, in the wake of Bitcoin’s rally to new all-time highs. Whether GameStop will make another Bitcoin purchase is less clear. Though the company indicated that it intends to use the net proceeds of the latest convertible debt offering for “general corporate purposes, including making investments in a manner consistent with GameStop’s Investment Policy,” which may signal more Bitcoin purchases from the video game behemoth. Following the March announcement of the Bitcoin treasury strategy, GameStop raised $1.5 billion through another convertible note offering. The company subsequently purchased 4,710 Bitcoins for roughly $500 million in May.

ZyCrypto 2025-06-14 17:37
Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or Shakeout?
Cardano (ADA) is currently consolidating near a critical support zone that could shape the direction of its price action in the coming weeks. After a sharp 15% drop since Wednesday, ADA is showing signs of weakness as broader market sentiment sours amid rising geopolitical tensions. The conflict between Israel and Iran has injected significant volatility and uncertainty into global markets, spilling over into the crypto space. Related Reading: Solana Approaches Critical Support Amid Middle East Conflicts – Can Demand Hold? ADA’s recent losses reflect this risk-off environment, as investors become more cautious and liquidity thins. The failure to hold above key resistance earlier in the month has turned previous support levels into pressure points for bulls. If ADA fails to defend the current range, further downside into lower support zones could follow quickly. According to on-chain data from Santiment, Cardano whales have offloaded more than 270 million ADA over the past week. This significant distribution adds to the selling pressure and suggests large holders may be anticipating more downside, or at the very least, reducing exposure amid macroeconomic instability. Whale Activity And Macro Risks Weigh On Price Cardano remains one of the most underperforming large-cap altcoins in 2025, currently trading 85% below its yearly highs and 107% off its peak from last year. Despite a few short-lived rallies, ADA has struggled to maintain momentum and attract sustained demand. The broader altcoin market has shown signs of weakness, with capital continuing to concentrate around Bitcoin and Ethereum, leaving ADA vulnerable at key support levels. Analysts are calling for a decisive move as ADA consolidates at a critical price zone that could define the coming weeks of action. If bulls fail to step in, Cardano could see further downside toward historical support levels. The situation is further complicated by global tensions and rising macroeconomic uncertainty. Geopolitical instability—most notably the Israel-Iran conflict—has triggered risk-off sentiment across global markets, driving volatility in crypto. Adding to the bearish pressure, top analyst Ali Martinez shared on-chain data showing that whales have sold over 270 million ADA in the past week alone. This large-scale distribution from deep-pocketed holders highlights a loss of confidence or, at minimum, a defensive repositioning amid the current uncertainty. For ADA to regain bullish momentum, it must defend current levels and break through resistance with strong volume support. A sustained recovery in broader altcoin sentiment could provide the tailwind ADA needs. However, with external macro risks looming and whale activity suggesting caution, investors should remain vigilant. Unless Cardano can show strength at these key levels, the road to recovery may be longer and more volatile than expected. Related Reading: Ethereum Faces Stress As Israel-Iran Conflict Shakes Sentiment – ETH/BTC Support In Focus Cardano Struggles At Support Amid Broader Market Weakness The daily chart for Cardano shows a concerning technical picture as the token trades at approximately $0.6368, nearing its critical support range. After briefly attempting to break above $0.75 in late May, ADA has since reversed course, printing a series of lower highs and failing to reclaim its key moving averages. Currently, it trades below the 50-day, 100-day, and 200-day simple moving averages, indicating a bearish structure across multiple timeframes. The $0.63–$0.64 level now stands as a crucial zone. A breakdown below this level could open the door to further downside, potentially revisiting March lows near $0.58 or even the psychological $0.50 level if broader market sentiment continues to deteriorate. The declining volume and failure to hold above key averages signal waning bullish momentum. Adding to the weakness, recent whale activity has raised red flags. On-chain data from Santiment revealed that whales have sold over 270 million ADA in the past week, fueling speculation about a lack of confidence among large holders. Related Reading: Ethereum Tests Previous Resistance As Support – Can Bulls Defend This Level? To regain strength, ADA must hold current support and break back above the 100-day SMA around $0.70. Until then, Cardano remains vulnerable to further declines as investors grow more risk-averse amid macro uncertainty. Featured image from Dall-E, chart from TradingView

NewsBTC 2025-06-14 17:30
JPMorgan Chase, Bank of America and TD Bank Issue Data Breach Alerts, Say Critical Information on Several Customers Compromised
JPMorgan Chase, Bank of America and TD Bank are disclosing data breaches that are placing some customers’ accounts and personal information at risk. In new filings with the Massachusetts state government, Chase says at least four customers in the state are affected by multiple breaches. In two incidents, Chase says employees improperly accessed customers’ credit and debit card information and triggered fraudulent transactions, prompting the bank to close the affected cards, issue replacements, and reimburse the customers. In the other two incidents, the bank says it mistakenly posted transaction details, including names, addresses, account numbers, and transaction amounts, to other customers’ accounts. At this point, no misuse due to those errors has been detected. Meanwhile, Bank of America says documentation relating to at least one customer’s savings bonds was lost in transit on February 14th. Attempts to recover the documentation, according to the North Carolina-based lender, have proved unsuccessful. “According to our records, the information involved in this incident was related to your Savings Bonds and included your first and last name, address, Social Security number, and account number.” The lender says it is monitoring the customer’s banking account for any suspicious activity and is committed to resolving any unauthorized transactions. Lastly, TD Bank says a former employee improperly accessed a customer’s personal information between December of 2024 and January of 2025. The information may have included the customer’s name, address, phone number, social security number, account number, and transactional data. TD Bank says it’s monitoring the account for fraud and is offering the customer a complimentary two year membership to an identity theft protection and recovery service. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase, Bank of America and TD Bank Issue Data Breach Alerts, Say Critical Information on Several Customers Compromised appeared first on The Daily Hodl .

The Daily Hodl 2025-06-14 17:30
Rumble: Crypto Pivot Doesn't Move The Needle
Summary Rumble's user growth has stalled since late 2022, despite content deals and the 2024 election boost proving fleeting. Revenue totals remain far below expectations, and content partnerships like Barstool Sports failed to deliver meaningful user growth. The company's crypto pivot, including a Tether investment and upcoming wallet, is limited in scope and hasn't translated into business momentum. The stock trades at an expensive 22x 2026 sales estimates without profitability or real growth. Rumble Inc. ( RUM ) once offered the promise of developing into a major online video streaming player, but lately the company is focused on a crypto shift. The business has failed to garner any momentum due to other sites relaxing free speech concerns, originally driving the business model. My investment thesis remains ultra-Bearish on the stock due to the lack of growth and the very expensive valuation. Source: Finviz Online Video Stalling The stock popped on the company announcing pivots towards crypto, since Rumble hasn't actually accomplished anything in the non-video realm. The big question is whether the crypto business will actually amount to something. For Q1'25, Rumble only reported 59 million global monthly average users (MAUs), up from the last March quarter. In reality though, the online video platform hasn't seen any growth in users since the Q4'22 U.S. mid-terms. Source: Rumble Q1'25 10-Q Elon Musk bought Twitter back in October 2022 and the whole free speech benefits of the online video platform disappeared. Rumble has signed substantial content deals in the ensuing years without any meaningful change in the user base. Even in the 2024 Presidential elections with a Rumble user like Donald Trump winning the election, the platform only produced 68 million MAUs, versus 67 million in the prior Q4. Rumble reported Q1'25 revenues of $23 million, up a solid 34% from last Q1, but still far below all original forecasts for the business when completing the SPAC deal. Data by YCharts Rumble still spent $30 million in Q1 on cost of services, even with content costs down $3 million. The company spent substantial amounts on trying to build up the platform via minimum guarantees for new content, but most content creators have much higher followers on other media platforms. Barstool Sports is a prime example of a media outlet doing a deal with Rumble for content, yet the user base remained meager on the platform. The sports media company only has 60K followers on Rumble versus 6.5 million on Twitter/X and another 1.9 million on YouTube, causing a failure to re-up the agreement after a year. Rumble probably wisely signed some content deals to make the platform more legitimate, but organic content creators are what is ultimately needed. Barstool Sports was promised as a partner promoting Rumble as their video home, but the partnership didn't last. Crypto Pivot Going back to December, Rumble obtained a $775 million investment from Tether. Also, the company bought bitcoin during the March quarter and ended Q1 with a balance of 211 bitcoins with a current value of $22 million based on a price of $105K each. The crypto pivot is far from over with the intent to launch a crypto wallet in Q3. The Rumble Wallet is intended to compete with options from Coinbase ( COIN ), but the prime use is to pay content creators, especially in international locations. At the end of the day, Rumble has a very limited crypto pivot with a future Rumble Wallet more for payment transfers, though additional crypto features can be built out in the future. The company used the $775 million investment from Tether to immediately turnaround and acquire $525 million worth of shares at a price of $7.50, providing just $250 million in cash for the business. Source: Rumble Q1'25 10-Q Rumble has a diluted share count of around 400 million shares now, for a market cap of ~$3.5 billion. The consensus analyst forecasts for 2026 revenues of just $154 million, so the stock trades at nearly 22x sales estimates for a company still not profitable, nor growing at a very fast clip. The stock might have some support here around $8.50 with strong recent support down to $7. The key is that Rumble likely doesn't have much upside, at lease sustainable upside, without any actual business with growth. Takeaway The key investor takeaway is that Rumble is still priced like a booming business in either online video streaming and crypto, yet the company has generally stalled for a couple of years now.

Seeking Alpha 2025-06-14 17:30
Binance Announces Key BTCUSDT Perpetual Contract and Collateral Rate Updates for June 2025
Binance has announced a forthcoming adjustment to the collateral rates for select assets within its Unified Account system, scheduled for 14:00 (UTC+8) on June 20, 2025. This modification aims to

CoinOtag 2025-06-14 17:27

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