Rumble Announces $775 Million Strategic Investment from Tether

Rumble (NASDAQ: RUM) (“Rumble” or the “Company”), a video-sharing platform and cloud services provider, announced a definitive agreement for a $775 million strategic investment from Tether ($USDT). Tether, the largest company in the digital assets industry and the most widely used dollar stablecoin globally with over 350 million users has become a prominent symbol of…

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Aptos Labs CEO Mo Shaikh appointed to CFTC’s digital assets subcommittee

The Commodities Futures Trading Commission (CFTC) has appointed Mo Shaikh, co-founder and CEO of Aptos Labs, to its Digital Assets Subcommittee. This subcommittee is part of the Global Markets Advisory Committee (GMAC), which was established in 1998 and includes top financial executives from firms such as Citadel, Goldman Sachs, and HSBC. The GMAC and its…

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Stars Arena, Socialfi app on Avalanche drained of $3 million after an exploit

A day ago, Avalanche’s newcomer, a socialfi platform named StarsArena (ref link) experienced a significant loss of almost all its locked funds due to a security breach that targeted a smart contract responsible for token security within the social application. The breach resulted in the drainage of approximately $3 million worth of AVAX tokens from…

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