Schlagwort: crypto business

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Tether raises Juventus stake above 10%

  • Tether Investments S.A. de C.V.—the investment arm of the crypto firm—now holds a 6.18% voting stake in Juventus.
  • Tether initially acquired an 8.2% stake in the Italian football giant in February.
  • The stablecoin giant, which posted a $13 billion profit last year, has been deploying capital across a range of sectors.

Tether, the issuer of the world’s largest stablecoin, has expanded its stake in Juventus Football Club to more than 10%, deepening its involvement with one of Europe’s most storied football institutions.

The move underscores Tether’s broader investment strategy that spans digital assets, media, and now, elite sports.

Tether Investments S.A. de C.V.—the investment arm of the crypto firm—now holds a 6.18% voting stake in Juventus, giving it a combined equity interest exceeding 10%.

Tether initially acquired an 8.2% stake in the Italian football giant in February.

Juventus, founded in 1897 and with 36 Italian league titles to its name, remains a powerhouse in both Italian and European football.

The club’s ownership structure now includes Tether as a key shareholder, placing it in a position to influence strategic direction.

Tether CEO Paolo Ardoino framed the investment as a long-term strategic partnership rather than a simple capital deployment.

“We believe Juventus is uniquely positioned to lead both on the field and in embracing technology that can elevate fan engagement, digital experiences, and financial resilience.”

The company also expressed willingness to participate in future capital infusions to preserve and enhance its ownership position.

Tether’s broader investment activity

The Juventus deal is part of a broader wave of investments by Tether.

The stablecoin giant, which posted a $13 billion profit last year, has been deploying capital across a range of sectors, including artificial intelligence, bitcoin mining, and agriculture.

The firm recently partnered with SoftBank, Bitfinex, and Cantor Fitzgerald’s Brandon Lutnick to form a $3 billion crypto acquisition vehicle.

It has also ramped up its presence in Bitcoin mining, deploying hashrate to Ocean’s mining pool and purchasing 8,888 BTC in the first quarter of 2025.

Tether’s Bitcoin holdings now stand at 95,721 BTC, worth roughly $8.89 billion, according to Arkham Intelligence.

Beyond crypto, Tether is making moves in media and digital content. It recently invested €10 million in Italian media firm Be Water and injected $775 million into Canadian video platform Rumble, which has since integrated Tether’s USDT wallet support.

While some analysts point to Tether’s recent investment spree as a hedge against US dollar weakness amid global macroeconomic shifts and rising protectionism, others see it as a calculated bid to secure influence across decentralized finance, infrastructure, and consumer engagement platforms.

The post Tether raises Juventus stake above 10% appeared first on CoinJournal.

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Mantle price outlook amid $400M anchor investment in MI4 Fund

  • Mantle has announced a new Index Four Fund (MI4) with Securitize as tokenization partner.
  • Mantle Treasury is the anchor investor, committing $400 million to the venture.
  • With this development, what’s the price outlook for $MNT?

Mantle ($MNT), the native token of the Mantle ecosystem, is drawing attention following a significant $400 million anchor investment from Mantle Treasury into the Mantle Index Four (MI4) Fund.

This institutional-grade fund, launched in partnership with Securitize, aims to bridge traditional and decentralized finance.

Mantle’s MI4 Fund will offer diversified exposure to major cryptocurrencies like Bitcoin (50%), Ethereum (26.5%), Solana (8.5%), and stablecoins (15%).

The fund’s tokenization feature enables on-chain liquidity and composability, positioning MI4 as a potential “S&P 500 of crypto.”

New fund boosts Mantle’s ecosystem appeal

The MI4 Fund, backed by Mantle Treasury’s substantial commitment, could be a massive venture and game-changer for the ecosystem.

Approved via a governance proposal by the Mantle DAO, the $400 million investment provides seed capital to enhance initial assets under management (AUM) and liquidity.

The fund’s focus on yield-bearing tokens like mETH, bbSOL, and sUSDe offers investors staking returns, appealing to both crypto-native and traditional investors.

Mantle’s broader ecosystem, including Mantle Network and mETH Protocol, continues to drive scalability and capital efficiency, with over $2 billion in total value locked (TVL).

This robust infrastructure, coupled with the MI4 launch, strengthens Mantle’s position as a leader in on-chain finance, potentially increasing demand for MNT as a governance and utility token.

Mantle price performance and prediction

In the past 24 hours, $MNT has traded to highs of $0.70, up from lows of $0.68.

The gains have come amid the partnership news, with bulls recovering from -2.7% to about +1% at the time of writing.

Over the past week, MNT has traded flat, while extending a 16% decline over the past month. Technically, the token is now testing its 100-day moving average as a support level.

A successful hold above this threshold could open the door for a short-term rebound, with potential upside targets near $0.78 and $0.83.

Long-term, analysts are optimistic, with some projecting a breakout to $5 if $MNT clears the $1.40 resistance, forming an ascending triangle on the weekly chart—a potential 7x gain from current levels.

The MI4 Fund’s institutional backing and Mantle’s ecosystem growth could catalyze this rally, though macroeconomic factors and crypto market sentiment remain key variables.

The $400 million investment in MI4 underscores Mantle’s ambition to redefine decentralized finance.

While short-term price fluctuations persist, the token’s fundamentals and technical setup suggest a promising outlook for $MNT in 2025.

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Shaquille O’Neal reaches settlement in FTX lawsuit

  • O’Neal was among several high-profile celebrities and athletes accused of endorsing FTX.
  • Other celebrities named in similar legal actions include NFL quarterback Tom Brady, supermodel Gisele Bündchen.
  • This is O’Neal’s second high-profile crypto-related settlement in recent months.

Shaquille O’Neal has reached a confidential settlement with investors who alleged losses tied to the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida.

The terms of the agreement remain confidential, with specific details expected to be disclosed once plaintiffs file for preliminary court approval.

O’Neal was among several high-profile celebrities and athletes accused of endorsing FTX and allegedly contributing to investor losses through promotional activity prior to the exchange’s bankruptcy.

The lawsuit is part of a broader multidistrict litigation seeking up to $21 billion in damages from FTX insiders, advisers, and promoters—an amount that far exceeds the $9.2 billion expected to be available through the ongoing bankruptcy process.

Celebrity promoters under scrutiny

Other celebrities named in similar legal actions include NFL quarterback Tom Brady, supermodel Gisele Bündchen, investor Kevin O’Leary, former NBA player Udonis Haslem, baseball legend David Ortiz, and tennis star Naomi Osaka.

All were accused of lending credibility to FTX in promotional campaigns, allegedly misleading retail investors.

O’Neal initially drew headlines in the case for evading service of legal documents, with plaintiffs’ attorneys accusing him of “running from the lawsuit.”

Legal teams reportedly spent months attempting to serve him, even attempting delivery during NBA broadcasts and at his residences.

Settlement follows NFT legal resolution

This is O’Neal’s second high-profile crypto-related settlement in recent months.

He recently agreed to pay $11 million to resolve a class-action lawsuit concerning his role in promoting the Astrals NFT project, a Solana-based initiative featuring 10,000 NFTs, a metaverse called Astralworld, and a governance token known as Galaxy.

That lawsuit alleged the NFTs were unregistered securities and that O’Neal misled investors through his endorsements.

He was served in that case during a May 2023 NBA playoff game at Miami’s Kaseya Center—formerly named FTX Arena.  

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Avalanche retests resistance: can AVAX rally to $40?

  • Avalanche (AVAX) recently shattered a significant resistance level, rising to highs of $23.
  • The retreat from the barrier that had previously capped its upward momentum might offer bears some hope.
  • But could bulls maintain the pressure and target the key hurdle of $40 next?

Avalanche’s recent price action follows a period of consolidation. While optimism remains, the AVAX token has dipped to near support with price around $21.

Notably, AVAX traded in a tight range between $18 and $20.50 after bouncing off lows of $14.5 seen earlier in the month.

The breakout to above $23 came amid Bitcoin’s spike to $94k, aligning with broader market performance. Upside momentum completed a significant recovery and formation of a potential cup and handle pattern.

Buyer action has been accompanied by a surge in trading volume, signaling strong upward interest.

Potential upside drivers of Avalanche price

Market sentiment is buoyed by Avalanche’s robust fundamentals and a return to the spotlight for decentralized finance (DeFi) and gaming tokens. The Avalanche ecosystem has benefitted from this, including recent partnerships.

Spot crypto exchange-traded fund applications and offering of other institution-focused AVAX products has bolstered the native Avalanche token. The US Securities and Exchange Commission has added to the excitement by acknowledging VanEck’s filing for a spot AVAX ETF.

These developments provide a strong backdrop for AVAX’s price gains, as the network’s utility and scalability remain competitive in the layer-1 blockchain space.

On-chain data provides further insight. Whale activity has increased, with large transactions spiking over the past week, suggesting accumulation by major holders. Meanwhile, the number of active addresses on the Avalanche network has risen by 15% in the last month.

A surge above $20 could see AVAX return to above $28 and target a nearly 100% spike to above $40.

Technical picture for AVAX price

Bulls have to offer sustained buying pressure to break past key levels.

Technical indicators are however bullish. The Relative Strength Index (RSI) is approaching 60, indicating growing momentum without entering overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, further supporting the case for continued upward movement.

AVAX chart by TradingView

However, challenges remain. The $23 and $28 levels, the latter coinciding with the 200-day moving average, could be a formidable resistance area.

Avalanche’s breakout above $23 marks a pivotal moment, with technicals and fundamentals aligning for a potential rally to $40.

While risks persist, the combination of strong network growth, bullish indicators, and increased on-chain activity positions AVAX for further gains, provided it can overcome the next resistance hurdle.

Weakness to $20 could see AVAX price revisit the recent lows of $14.

The post Avalanche retests resistance: can AVAX rally to $40? appeared first on CoinJournal.

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Here’s why Trump meme coin exploded 70% today

  • The Official Trump (TRUMP) meme token has skyrocketed after a major announcement.
  • With volume spiking over 420%, TRUMP  is the top-gaining token among the 100 top coins.
  • The TRUMP meme token jumped from $9.30 to highs of $15.47.

The Official Trump (TRUMP) meme coin has surged to the top of the leaderboard of biggest gainers among the largest coins by market cap.

Gains happened as the Bitcoin price spiked to $94k.

According to data from CoinMarketCap, the TRUMP meme token shot up from $9.30 to highs of $15.47.

The more than 70% spike in the meme coin’s value came amid a broader market bullish flip.

However, the vertical flip for Official Trump followed President Donald Trump’s offer of an exclusive dinner for top holders of the meme coin.

This news, coupled with strategic changes to the token’s unlock schedule, is fueling upside pressure for TRUMP.

Investors and supporters are likely flocking to the token as they try to land a spot at dinner with the US president.

TRUMP price chart by CoinMarketCap

Notably, the daily trading volume of TRUMP has jumped more than 420% to over $3.2 billion.

Dinner with Trump

The announcement of an exclusive dinner with Donald Trump, set for May 22, 2025, at the Trump National Golf Club in Washington, D.C., sent the crypto meme coin community into a frenzy.

According to details, the event will be open only to the top 220 $TRUMP token holders.

The invitation has intensified the buying pressure as investors scramble to rank higher.

Why else is the TRUMP price surging?

Adding fuel to the rally, the $TRUMP project announced a 90-day delay for its initial token unlock and the subsequent three months of daily unlocks.

This move, designed to curb short-term selling pressure, signals a commitment to long-term value stability.

By postponing the release of new tokens, the project reduces the risk of oversupply, which could have dampened the price surge.

Investors appear to view this as a bullish signal, with the delayed unlocks aligning neatly with the anticipation building toward the May dinner.

The combination of scarcity-driven tokenomics and the allure of dining with Trump has created a perfect storm for $TRUMP’s explosive performance.

Official Trump skyrocketed to $75.35 in January 2025 when Trump took over the US presidency for a second term.

However, amid the broader market downturn, the meme coin price fell to lows of $7.2.

The latest bounce only sees the TRUMP price recover a fraction of its dip year-to-date, with the price down 83% since its all-time high.

Trump’s growing embrace of cryptocurrency, regulatory shifts, and the dinner invite could spark a fresh surge.

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