cointelegraph.com

Metaplanet is raising another $21M through bonds to buy more Bitcoin

Fresh off its most recent Bitcoin purchase, Japanese investment firm Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury.

Through a $21.25 million issue of “0% Ordinary Bonds,” all the “funds raised will be allocated to the purchase of Bitcoin,” the firm said in a May 9 statement.

Zero-coupon bonds don’t offer any interest to the holder. Most of the time, they are issued at a steep discount from their normal value, and when they mature, the holder receives the full value.

After its most recent May 9 board of directors meeting, the firm said it will issue a 14th Stock Acquisition Rights to EVO Fund, an investment management firm in the Cayman Islands, with a redemption date of Nov. 7.

Japan, InvestmentsSource: Metaplanet

At current prices, Metaplanet could buy 206 Bitcoin (BTC) if it raises the full $21.25 million, according to CoinGecko. The firm first flagged plans to buy Bitcoin last April. 

With its current stash, BitcoinTreasuries.NET shows Metaplanet is Asia’s largest public corporate holder of Bitcoin and ranks 11th globally.

Metaplanet’s stock (3350T) has shot up over 1,600% in the last year and is trading for 511 Japanese yen ($3.50), according to Google Finance.

Japan, InvestmentsMetaplanet’s share price has shot up significantly in the last year. Source: Google FinanceMetaplanet just keeps buying Bitcoin 

On May 7, the Tokyo-listed firm disclosed that it spent $53.4 million acquiring 555 Bitcoin at an average price of $96,134. The company now holds 5,555 BTC, purchased for $481.5 million at an average price of $86,672. 

Metaplanet also announced on May 7 the issuance of another $25 million in zero-coupon ordinary bonds to fund more Bitcoin buys

On May 1, Metaplanet said it would launch a wholly owned US subsidiary, Metaplanet Treasury, based in Florida. It plans to raise $250 million to further its Bitcoin strategy and tap the US capital markets.

Related: How much Bitcoin can Berkshire Hathaway buy?

Meanwhile, a growing number of companies have decided to add Bitcoin to their balance sheets, following in the steps of Michael Saylor’s company, Strategy, formerly MicroStrategy.  

Strive Asset Management announced on May 7 that it will transition into a Bitcoin treasury company. Meanwhile, video game retailer GameStop Corporation (GME) finished a convertible debt offering on April 1 that raised $1.5 billion, with some proceeds earmarked for buying Bitcoin. 

Magazine: Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review

Read more at cointelegraph.com

Ether clocks ‘insane’ 20% candle post Pectra — A turning point?

Ether surged 20% in the past 24 hours following the launch of the Pectra upgrade, with some crypto traders suggesting the growing number of ETH long positions could mark a “turning point” for the asset that has faced uncertain sentiment throughout most of 2025.

At the time of publication, Ether (ETH) is trading at $2,230, up 19.6% over the past 24 hours, according to CoinMarketCap data. Pseudonymous crypto trader Daan Crypto Trades said it was a “pretty insane candle.” Over the same 24 hours, Ether Open Interest (OI) spiked 21%. 

Ether price pump caught traders offside

The surge followed the long-awaited Pectra Upgrade, which went live on May 7, introducing new wallet features, increased staking limits and scalability improvements to Ethereum.

Popular crypto trader Alex Kruger said on May 8 that Ether’s price spike was primarily due to “new longs.”

If Ether were to fall back to $2,000, approximately $2.06 billion in long positions would be at risk of liquidation, according to CoinGlass data. The price surge caught many traders offside, with approximately $328 million in Ether short positions liquidated over the same period.

Crypto trader Bob Loukas said, “ETH holders thinking this might finally be the turning point.”

2025 has not been a strong year for Ether’s price, which fell 56% from its Jan. 1 price to $1,472 by April 9 — its lowest point this year — as sentiment weakened throughout the year.

Cryptocurrencies, MarketsEther is up 52% over the past 30 days. Source: CoinMarketCap

Ether’s recent rally coincides with Bitcoin (BTC) gaining 3.59% over the same period and nearly 6% over the past seven days, reclaiming the $100,000 mark on May 8 for the first time in over three months. 

In comments to Cointelegraph, onchain options protocol Derive founder Nick Forster said Ether’s recent price surge was due to a combination of factors, beyond just the Pectra hard fork. 

Forster pointed out the US trade deal with the UK, where US President Donald Trump “slashed tariffs on British cars and steel.” He also pointed to the crypto exchange Coinbase, which announced the acquisition of Deribit for $2.9 billion.

Related: Ethereum price finally ‘breaking out,’ data suggests — Is $3K ETH next?

Since 2013, Ether has averaged a 62.2% return in the second quarter. Based on its price on April 1, Ether could reach around $2,950 by the end of June if history repeats. 

However, the momentum has not crossed over with spot Ether ETFs yet. For the third day running, spot Ether ETFs posted outflows on May 8, totaling $16.1 million, according to Farside data.

Meanwhile, the overall crypto market also saw an uptick in prices and sentiment following Bitcoin’s surge. Over the 24 hours, the entire crypto market surged 4.95%, and the Crypto Fear & Greed Index has moved further into “Greed’ territory, bumping up another 8 points to a score of 73.

Magazine: ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths: AI Eye

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Read more at cointelegraph.com

AI decentralized apps are coming for the Web3 throne: DappRadar

AI decentralized apps (DApps) have seen a spike in user activity and could soon challenge gaming and DeFi for the top spot in the DApp ecosystem, according to blockchain analytics platform DappRadar.

Gaming and DeFi are both sitting on 21% dominance in April, judged by percentage of unique active wallets, while AI has climbed to 16%, up from the 11% recorded in the February report, data in DappRadar’s April industry report shows.

“As user interest in artificial intelligence tools grows across industries, AI-powered DApps are steadily carving out their place in the decentralized ecosystem,” DappRadar analyst Sara Gherghelas said. 

“If this trend continues, AI could soon challenge the traditional dominance of DeFi and Gaming, signaling a new era in the DApp landscape.”

AI decentralized apps are coming for the Web3 throne: DappRadarAI DApps have seen a jump in market dominance this month, while market leaders have declined slightly. Source: DappRadar

AI DApp activity surged over 26% in April to reach 3.8 million daily unique active wallets (dUAW), up from the 2.6 million dUAW recorded in February.

In contrast, DeFi activity dropped by 16%, settling at 4.8 million dUAW, which is equal to the gaming sector, which saw a 10% decline as well.

AI decentralized apps are coming for the Web3 throne: DappRadarSource: DappRadar

Gherghelas said most of the top AI DApps being tracked by DappRadar have remained the same, with many tied to AI agent infrastructure and those building utility.

LOL, a project that styles itself as an AI-powered mining system, is the top AI DApp on DappRadar’s list in dUAW.

LOL encourages users to send a voice recording of laughter to Telegram groups that use the LOL AI bot, which then uses factors like pitch and frequency to calculate the number of LOL tokens paid out in rewards.

Coming in second is AI-powered decentralized messaging service Dmail Network. Rounding out the top three is World.‎‎‎Fun, a launchpad that allows users to deploy AI agents into multi-agent simulations.

“This month, the top AI DApps on our platform remain largely unchanged, reinforcing the staying power of early leaders in this space. These projects are not just riding the hype: they’re building utility,” Gherghelas added.

Last December, crypto industry execs told Cointelegraph they expected AI agents to transform Web3 in 2025, flagging crypto staking and onchain trading as emerging early use cases. 

However, there was also speculation that AI would face headwinds, including technical challenges, regulatory hurdles, and centralization. 

Social DApps rise as Web3 holds ground

Social DApps also saw a spike in activity for April, with an 18% increase to 3.6 million dUAW. Social DApp market dominance also grew to over 15% for the month.

Related: Crypto users cool with AI dabbling with their portfolios: Survey

Gherghelas said overall that “Web3 is holding its ground,” despite wider market turbulence in the wake of sweeping US tariffs, with 23 million daily active wallets recorded in April, compared to the 24 million recorded in February.

“April’s top performers underscore a key narrative: utility and narrative-driven hype, especially around memecoins and AI, are major drivers of user engagement,” she said. 

Magazine: UK’s Orwellian AI murder prediction system, will AI take your job? AI Eye

Read more at cointelegraph.com

Apple makes progress toward its first pair of smart glasses: Report

Apple is reportedly working on its own microchips across multiple product categories, including smart glasses and artificial intelligence — a hint at what’s next for the massive Silicon Valley-based tech giant.

A May 8 report from Bloomberg, citing people familiar with the matter, said the company is working on new processors to power its future devices, including its first smart glasses to rival Meta’s Ray-Bans, more powerful Macs, and artificial intelligence servers.

The smart glasses — a first for Apple — would rely on a specialized chip codenamed N401. The processor is based on Apple Watch chips but is further optimized for power efficiency and designed to control multiple cameras planned for the glasses, the sources said. 

Apple’s smart glasses will initially be non-augmented reality versions that will include cameras, microphones and integrated AI, much like rival offerings from Meta. They would presumably have similar functions like snapping photos, recording video and offering translation options, the report added. 

The product may also integrate a visual intelligence feature for scanning the environment and describing objects, looking up information about products and providing directions.

Mass production targeted for late 2026 or 2027, suggesting a product launch within approximately two years, they added.  

Apple makes progress toward its first pair of smart glasses: ReportApple is targeting rival Meta’s smart Ray-Bans. Source: Ray-Ban

The Bloomberg sources added that other semiconductors were also developing chips to power future Macs and AI servers that can power the firm’s “Apple Intelligence” platform.

Related: Apple softens crypto-related app rules, ‘hugely bullish’ for crypto industry

Meanwhile, MacRumors reported that chips codenamed “Komodo” will likely be M6 chips that will follow this year’s M5 chips, while chips codenamed “Borneo” will be Apple’s future M7 processors with another more advanced chip that will debut in the future codenamed “Sotra.”

Dedicated Apple AI chips 

Apple is also working on its first dedicated AI server chips in a project codenamed “Baltra” to power its Apple Intelligence platform, according to Bloomberg. 

The firm’s Baltra chips could have up to eight times the processing and graphics cores of the current M3 Ultra chips, the report added. Apple has targeted completion by 2027 to make its AI services faster and more competitive. 

In late April, it was reported that Chinese tech giant Huawei has developed a powerful AI chip that could rival high-end processors from US chip maker Nvidia.

Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest

Read more at cointelegraph.com

Zerebro dev is reportedly alive and at parents’ house: SF Standard

The 22-year-old developer of Zerebro, who apparently committed suicide during a livestream on May 4, is actually alive, according to a San Francisco news outlet that claims they spoke to Yu outside his family home. 

The San Francisco Standard reporter George Kelly claimed on May 8 that he briefly spoke with Yu outside of his family’s two-story home, where the crypto influencer refused to discuss the suicide allegations and whether he had financially benefited from it. 

Instead, Yu reportedly said: “You can see the PTSD in my eyes, right?” before asking the reporter to leave.

He was reportedly wearing a T-shirt, shorts, flip-flops and wire-rimmed glasses, possibly similar to the ones he had on while appearing to shoot himself to death during the livestream.

Zerebro dev is reportedly alive and at parents’ house: SF StandardJeffy Yu speaking about the future of crypto AI agents in a January 2025 podcast on Bankless. Source: Bankless

The SFS didn’t share an image of Yu outside his family’s house. 

Many initially believed that Yu’s suicide was legitimate after reports of the incident emerged on May 4. But several pieces of information that began circulating on X two days later led some to conclude his suicide attempt was faked. 

One piece of evidence was an unverified letter purportedly sent by Yu to an investor confirming that he hadn’t died; another included transfers from several crypto wallets owned by Yu after the alleged incident and the removal of his obituary from the memorial site Legacy.com.

Wallets tied to Yu have moved $1.5M since the suicide incident

According to blockchain analytics firm Bubblemaps, wallets tied to Yu have offloaded around $1.5 million worth of the Zerebro (ZEREBRO) tokens since the suicide incident, strengthening the SFS’ report that Yu is still alive.

Some of those funds have been transferred to the same wallet address Yu used to create the so-called “Legacy Memecoin” — Legacoin (LLJEFFY) — Bubblemaps noted.

Related: Doodles NFT sales surge 97% ahead of DOOD token airdrop

Yu’s AI-powered, content-focused Zerebro platform burst onto the scene in late 2024, with the ZEREBRO token soaring to a near $660 million market cap on Jan. 3 before tanking below $20 million around three months later, CoinGecko data shows.

ZEREBRO currently boasts a $47.2 million valuation, while several LLJEFFY tokens have notched multimillion-dollar valuations across different blockchain networks.

Yu’s PTSD claims reflect a concerning industry trend of harassment, violence

The PTSD comment that Yu made to the SFS reporter appears to be related to the constant harassment, blackmail and threats that he talked about in his apparent letter sent to the Zerebro investor.

He claimed that with his house address publicly known, he’s been in constant fear of robbery and physical harm — an unfortunate trend that has escalated in the crypto space in recent months.

There have been more than 150 crypto-related physical attacks since 2014, according to a GitHub list tracked by Bitcoin cypherpunk Jameson Lopp. 

Forty-six of those reported incidents have occurred over the last 12 months alone. 

Magazine: ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths:

Read more at cointelegraph.com

Zerebro dev is reportedly alive and at parents’ house: SF Standard

The 22-year-old developer of Zerebro, who apparently committed suicide during a livestream on May 4, is actually alive, according to a San Francisco news outlet that claims they spoke to Yu outside his family home. 

The San Francisco Standard reporter George Kelly claimed on May 8 that he briefly spoke with Yu outside of his family’s two-story home, where the crypto influencer refused to discuss the suicide allegations and whether he had financially benefited from it. 

Instead, Yu reportedly said: “You can see the PTSD in my eyes, right?” before asking the reporter to leave.

He was reportedly wearing a T-shirt, shorts, flip-flops and wire-rimmed glasses, possibly similar to the ones he had on while appearing to shoot himself to death during the livestream.

Zerebro dev is reportedly alive and at parents’ house: SF StandardJeffy Yu speaking about the future of crypto AI agents in a January 2025 podcast on Bankless. Source: Bankless

The SFS didn’t share an image of Yu outside his family’s house. 

Many initially believed that Yu’s suicide was legitimate after reports of the incident emerged on May 4. But several pieces of information that began circulating on X two days later led some to conclude his suicide attempt was faked. 

One piece of evidence was an unverified letter purportedly sent by Yu to an investor confirming that he hadn’t died; another included transfers from several crypto wallets owned by Yu after the alleged incident and the removal of his obituary from the memorial site Legacy.com.

Wallets tied to Yu have moved $1.5M since the suicide incident

According to blockchain analytics firm Bubblemaps, wallets tied to Yu have offloaded around $1.5 million worth of the Zerebro (ZEREBRO) tokens since the suicide incident, strengthening the SFS’ report that Yu is still alive.

Some of those funds have been transferred to the same wallet address Yu used to create the so-called “Legacy Memecoin” — Legacoin (LLJEFFY) — Bubblemaps noted.

Related: Doodles NFT sales surge 97% ahead of DOOD token airdrop

Yu’s AI-powered, content-focused Zerebro platform burst onto the scene in late 2024, with the ZEREBRO token soaring to a near $660 million market cap on Jan. 3 before tanking below $20 million around three months later, CoinGecko data shows.

ZEREBRO currently boasts a $47.2 million valuation, while several LLJEFFY tokens have notched multimillion-dollar valuations across different blockchain networks.

Yu’s PTSD claims reflect a concerning industry trend of harassment, violence

The PTSD comment that Yu made to the SFS reporter appears to be related to the constant harassment, blackmail and threats that he talked about in his apparent letter sent to the Zerebro investor.

He claimed that with his house address publicly known, he’s been in constant fear of robbery and physical harm — an unfortunate trend that has escalated in the crypto space in recent months.

There have been more than 150 crypto-related physical attacks since 2014, according to a GitHub list tracked by Bitcoin cypherpunk Jameson Lopp. 

Forty-six of those reported incidents have occurred over the last 12 months alone. 

Magazine: ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths:

Read more at cointelegraph.com

Zerebro dev is reportedly alive and at parents’ house: Report

The 22-year-old developer of Zerebro, who apparently committed suicide during a livestream on May 4, is actually alive, according to a San Francisco news outlet that claims they spoke to Yu outside his family home. 

The San Francisco Standard reporter George Kelly claimed on May 8 that he briefly spoke with Yu outside of his family’s two-story home, where the crypto influencer refused to discuss the suicide allegations and whether he had financially benefited from it. 

Instead, Yu reportedly said: “You can see the PTSD in my eyes, right?” before asking the reporter to leave.

He was reportedly wearing a T-shirt, shorts, flip-flops and wire-rimmed glasses, possibly similar to the ones he had on while appearing to shoot himself to death during the livestream.

Zerebro dev is reportedly alive and at parents’ house: ReportJeffy Yu speaking about the future of crypto AI agents in a January 2025 podcast on Bankless. Source: Bankless

The San Francisco Standard didn’t share an image of Yu outside his family’s house. 

Many initially believed that Yu’s suicide was legitimate after reports of the incident emerged on May 4. But several pieces of information that began circulating on X two days later led some to conclude his suicide attempt was faked. 

One piece of evidence was an unverified letter purportedly sent by Yu to an investor confirming that he hadn’t died; another included transfers from several crypto wallets owned by Yu after the alleged incident and the removal of his obituary from the memorial site Legacy.com.

Wallets tied to Yu have moved $1.5 million since the suicide incident

According to blockchain analytics firm Bubblemaps, wallets tied to Yu have offloaded around $1.5 million worth of the Zerebro (ZEREBRO) tokens since the suicide incident, strengthening the Standard’s report that Yu is still alive.

Some of those funds have been transferred to the same wallet address Yu used to create the so-called “Legacy Memecoin” — Legacoin (LLJEFFY) — Bubblemaps noted.

Related: Doodles NFT sales surge 97% ahead of DOOD token airdrop

Yu’s AI-powered, content-focused Zerebro platform burst onto the scene in late 2024, with the ZEREBRO token soaring to a near $660 million market cap on Jan. 3 before tanking below $20 million around three months later, CoinGecko data shows.

ZEREBRO currently boasts a $47.2 million valuation, while several LLJEFFY tokens have notched multimillion-dollar valuations across different blockchain networks.

Yu’s PTSD claims reflect a concerning industry trend of harassment, violence

The PTSD comment that Yu made to the SFS reporter appears to be related to the constant harassment, blackmail and threats that he talked about in his apparent letter sent to the Zerebro investor.

He claimed that with his house address publicly known, he’s been in constant fear of robbery and physical harm — an unfortunate trend that has escalated in the crypto space in recent months.

There have been more than 150 crypto-related physical attacks since 2014, according to a GitHub list tracked by Bitcoin cypherpunk Jameson Lopp. 

Of those reported incidents, 46 occurred in the last 12 months

Magazine: ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths:

Read more at cointelegraph.com

US man who sent crypto to ISIS could serve prison till he’s 65

A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq and Syria.

Federal Judge David Novak sentenced Mohammed Azharuddin Chhipa to 30 years and four months in prison on May 7 for sending over $185,000 to the Islamic State, the Department of Justice said on May 8.

Prosecutors said that from around October 2019 until October 2022, the 35-year-old Chhipa collected and sent money to female Islamic State members in Syria, which helped them escape prison camps and funded fighting.

The Justice Department said Chhipa would raise funds for the United Nations-designated terror organization through social media — receiving money online, or traveling hundreds of miles to accept donations in person. 

He’d convert the money into crypto and send it to Turkey for it to be smuggled to Islamic State members across the border in Syria, prosecutors said.

A federal jury convicted Chhipa in December, finding him guilty on a charge of conspiracy to provide support to a terrorist organization and four charges of providing and attempting to provide support to a terrorist organization.

US man who sent crypto to ISIS could serve prison till he’s 65An undated picture of Chhipa, a naturalized US citizen born in India. Source: Alexandria Sheriff’s Office via TRM

“This defendant directly financed ISIS in its efforts to commit vile terrorist atrocities against innocent citizens in America and abroad,” Attorney General Pam Bondi said in a statement. “This severe sentence illustrates that if you fund terrorism, we will prosecute you and put you behind bars for decades.”

Chhipa tried to flee US during FBI probe

Prosecutors said that during the Federal Bureau of Investigation’s investigation into Chhipa, he tried to flee the country to escape prosecution and tried to hide his tracks through a series of actions seemingly aimed at confusing authorities.

According to a motion for detention filed in August, FBI agents searched Chhipa’s house on Aug. 2, 2019, and that night Chhipa drove to a bank, withdrew $1,800 from an ATM, and then went to a Taco Bell, where he paid a stranger for a ride to a relative’s house. The relative then drove him to a grocery store.

Related: US Treasury sanctions Myanmar militia group for alleged crypto scams

Three days later, prosecutors said Chhipa “purchased a series of bus tickets using variations and/or misspelling of his name and recently created email accounts.”

He then travelled from Virginia to Mexico and onto Guatemala. He then bought tickets to fly from Guatemala to Panama, then onto Germany, and then to Egypt, but an Interpol Blue Notice was issued, and he was returned to the US.

Magazine: Terrorism and the Israel-Gaza war have been weaponized to destroy crypto 

Read more at cointelegraph.com

US man who sent crypto to ISIS could remain in prison until age 65

A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq and Syria.

Federal Judge David Novak sentenced Mohammed Azharuddin Chhipa to 30 years and four months in prison on May 7 for sending over $185,000 to the Islamic State, the Department of Justice said on May 8.

Prosecutors said that from around October 2019 until October 2022, the 35-year-old Chhipa collected and sent money to female Islamic State members in Syria, which helped them escape prison camps and funded fighting.

The Justice Department said Chhipa raised funds for the United Nations-designated terror organization through social media, receiving money online or traveling hundreds of miles to accept donations in person. 

He converted the money into crypto and sent it to Turkey for it to be smuggled to Islamic State members across the border in Syria, prosecutors said.

A federal jury convicted Chhipa in December, finding him guilty on a charge of conspiracy to provide support to a terrorist organization and four charges of providing and attempting to provide support to a terrorist organization.

US man who sent crypto to ISIS could remain in prison until age 65An undated picture of Chhipa, a naturalized US citizen born in India. Source: Alexandria Sheriff’s Office via TRM

“This defendant directly financed ISIS in its efforts to commit vile terrorist atrocities against innocent citizens in America and abroad,” Attorney General Pam Bondi said in a statement. “This severe sentence illustrates that if you fund terrorism, we will prosecute you and put you behind bars for decades.”

Chhipa tried to flee US during FBI probe

Prosecutors said that during the Federal Bureau of Investigation’s investigation into Chhipa, he tried to flee the country to escape prosecution and tried to hide his tracks through a series of actions seemingly aimed at confusing authorities.

According to a motion for detention filed in August, FBI agents searched Chhipa’s house on Aug. 2, 2019, and that night Chhipa drove to a bank, withdrew $1,800 from an ATM, and then went to a Taco Bell, where he paid a stranger for a ride to a relative’s house. The relative then drove him to a grocery store.

Related: US Treasury sanctions Myanmar militia group for alleged crypto scams

Three days later, prosecutors said Chhipa “purchased a series of bus tickets using variations and/or misspelling of his name and recently created email accounts.”

He then travelled from Virginia to Mexico and onto Guatemala. He then bought tickets to fly from Guatemala to Panama, then onto Germany, and then to Egypt, but an Interpol Blue Notice was issued, and he was returned to the US.

Magazine: Terrorism and the Israel-Gaza war have been weaponized to destroy crypto 

Read more at cointelegraph.com

Rumble CEO confirms Tether-collab crypto wallet to launch in Q3

Rumble’s pro-crypto founder and CEO has confirmed that the firm will launch its Bitcoin and stablecoin wallet in the third quarter of this year, aimed at giving the Coinbase Wallet a run for its money. 

The Rumble Wallet will be launched in partnership with stablecoin issuer Tether and compete directly with Coinbase, Chris Pavlovski said in a May 9 X post.

“Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy,” he added. 

He continued to state that the Rumble Wallet will be the “vehicle to help monetize creators better than most advertisers, especially in international markets,” though he did not provide further details other than it may support Tether Gold (XAUT) as well. 

Rumble CEO confirms Tether-collab crypto wallet to launch in Q3Rumble Wallet. Source: Chris Pavlovski

The video streaming platform, founded in late 2013 as a YouTube alternative for small content creators, first announced the launch of a Tether (USDT) wallet for creators in March. Tether invested $775 million in Rumble in December 2024.

Related: Tether launches on Kaia, brings USDt to LINE’s 196M user ecosystem

The Rumble Bitcoin (BTC) wallet is entering a crowded crypto wallet application market dominated by Coinbase, Robinhood, eToro, PayPal, Revolut, Crypto.com and MetaMask.

The use of mobile crypto wallets hit an all-time high of 36 million in Q4, 2024, according to Coinbase. The firm, which Pavlovski aims to compete with, reported more than 100 million registered users in 2024, almost double that of Rumble’s video platform. 

Rumble has also joined the ranks of Michael Saylor’s Strategy in becoming a Bitcoin acquisition company since March, when it made its first purchase of 188 BTC. The firm currently holds 210 BTC, worth almost $22 million at current market prices.

Rumble Q1 revenue beat estimates  

The firm reported a net loss of $2.7 million for the first quarter on May 8. However, this significantly improved over the $43 million loss in Q1 2024. 

Additionally, its GAAP (generally accepted accounting principles) loss of $0.01 per share was 90% above analysts’ consensus estimates.

Rumble’s revenue was $23.7 million, exceeding estimates by 2.8% (and up from $17.7 million year-over-year. The firm also reported 59 million monthly active users, down from 68 million in Q4 2024. 

“Rumble reported strong first-quarter 2025 results, highlighted by 34% year-over-year revenue growth to $23.7 million, driven by increased subscription revenue and monetization across our video and advertising platforms,” said Pavlovski.

Rumble CEO confirms Tether-collab crypto wallet to launch in Q3Rumble financial summary. Source: Rumble

Rumble shares (RUM) gained 2.37% on the day to reach $7.78 in after-hours trading, according to Google Finance. However, company stock has lost 40% year to date. 

Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest

Read more at cointelegraph.com