Day: November 10, 2025

Rumble to Purchase Northern Data after Tether Investment

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Video-sharing platform Rumble announced a business combination agreement with AI infrastructure company Northern Data, following its deepening financial ties with stablecoin issuer Tether. In a Monday notice, Rumble said it would acquire Northern Data following its August announcement with Tether as part of a joint venture to purchase the AI infrastructure company. Reuters reported that the acquisition would be valued at about $767 million as part of a stock deal between Rumble and Northern Data. Tether invested $775 million into Rumble in December 2024, citing the platform’s “fundamental values of…

Pundit Reveals Final Nail In The Coffin For XRP, What This Means

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The crypto industry is approaching a major milestone as the market anticipates the potential approval of an XRP Spot ETF in the United States (US). Analysts suggest that recent developments regarding the US Securities and Exchange Commission’s (SEC) review could deliver the final nail in the coffin for XRP. With ETF filings still awaiting approval, the market is watching closely, as a green light could pave the way to greater mainstream adoption and institutional investment in XRP.  XRP ETF To Become Game-Changer For The Market Nate Geraci, President of NovaDius…

Ethereum (ETH) Rebounds 20% From Recent Bottom, but Bulls Still in Danger (Analyst)

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“Let’s put in a higher low and higher high if we’re truly ready to run this back,” X user Posty said. The cryptocurrency market experienced a notable revival over the past several hours, and Ethereum (ETH) is among the top performers. Despite its resurgence, though, one popular analyst believes the asset may not be entirely out of the woods yet. Cause for Concern The past week has been quite turbulent for ETH, whose price crashed below $3,100 on November 5. In the following days, the bulls made some attempts…

BTC Rebound Targets $110K But CME Gap Clouds Outlook

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Key takeaways: The Bitcoin double bottom pattern may boost bullish momentum toward $110,000. The CME gap near $104,000 could trigger a short-term retracement. Stablecoin buildup and short-term holders’ stress hint at near-term volatility. Bitcoin (BTC) staged a textbook double bottom pattern over the weekend, leading BTC to secure a bullish weekly close above its 50-week moving average. The formation coincided with the daily order block between $98,100 and $102,000, where BTC repeatedly tested the $100,000 zone before rebounding. Bitcoin four-hour chart. Source: Cointelegraph/TradingView Following a bullish break of structure on…

Binance ETH Volume Explodes Past $6 Trillion: Here’s What It Means

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With record volumes and historic open interest, Ethereum appears to be in an extremely fragile state. Speculation is emerging as the dominant driver in the Ethereum market rather than spot accumulation, as ETH trading volume and open interest set new all-time highs. According to CryptoQuant, ETH trading volumes on centralized exchanges, particularly Binance, have never been this high, and compared to previous cycles, the difference is obvious. Speculation Dominates the Market On Binance alone, ETH trading volumes have already crossed $6 trillion in 2025, a figure that is roughly…

Fed’s Miran pushes for 50 bps cut, says 25 bps ‘minimum’ needed

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Key Takeaways Fed Governor Miran supports a 50 bps cut, arguing current data justifies faster easing. Internal Fed debate continues as Powell signals no firm commitment on December decision. Share this article Federal Reserve Governor Stephen Miran said the US central bank should move more aggressively to cut interest rates to avoid falling behind a weakening economy. In a CNBC interview today, Miran again called for a 50 basis point cut, saying even a 25 point reduction would be the bare minimum. He dissented at both the September and October…

Nasdaq 100 rises 130% since January 2023, echoing ‘.com’ era

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Key Takeaways The Nasdaq 100 has soared 130% since January 2023, largely due to advances in artificial intelligence boosting technology company valuations. Market analysts are increasingly drawing parallels to the dot-com era of the late 1990s, when a wave of internet enthusiasm led to excessive valuations and a subsequent crash. Share this article The Nasdaq 100 has surged 130% since January 2023, drawing comparisons to the dot-com era as AI advancements drive rapid valuations across major technology companies. Recent analyses highlight parallels between current AI-driven market enthusiasm and the late…

Bitcoin Short Squeeze To $112K Possible If US Shutdown Ends

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Key takeaways: A US government shutdown resolution might spark a short squeeze, yet traders remain skeptical that it alone can sustain Bitcoin’s move beyond $112,000. Investor caution grows as AI valuations and weak consumer earnings weigh on risk appetite, limiting conviction in Bitcoin’s rally potential. Bitcoin (BTC) reclaimed the $106,000 level on Monday as the US government shutdown appeared to be nearing an end. Analysts had warned that an extended funding halt could further dampen consumption, especially after thousands of flights were canceled. As the tech-heavy Nasdaq Index rose 1.5%,…

Lawmakers target Meta, OpenAI, Alphabet, Oracle over AI-driven power costs

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Key Takeaways US senators accuse tech giants of contributing to rising energy bills via AI data center expansion Lawmakers urge the White House to impose safeguards and shift costs onto corporations Share this article A group of US lawmakers is pressing the White House over rising electric bills linked to AI infrastructure built by tech giants like Meta, OpenAI, Alphabet, and Oracle, according to a Wall Street Journal report. In a letter sent Monday, Senators Bernie Sanders, Richard Blumenthal, Ed Markey, Chris Van Hollen, and Ron Wyden warned that AI…

Coinbase Debuts Token Sales Platform with Monad Launch

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Coinbase is launching a new platform for primary token offerings, giving retail investors in the United States access to regulated cryptocurrency initial sales for the first time since 2018. The exchange plans to host about one token sale per month on its new platform, starting with blockchain protocol Monad, which will launch its native token for sale Nov. 17–22. Token sales will run for one week, during which time users can submit purchase requests. After the window closes, an allocation algorithm will favor smaller buyers first, gradually filling larger orders…