Markets were flashing green on Thursday as trade tensions eased following confirmation of a trade agreement between Washington and London. The Dow Jones Industrial Average gained 254 points, or 0.62%, while the S&amp;P 500 lagged slightly with a 0.58% gain.…

Dow gains 250 points, Bitcoin reclaims $100k after Trump promotes U.K. trade deal

Rumble&#8217;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.
&#8220;Our goal is to become the most prominent non-custodial Bitcoin and stablecoin 
wallet, powering the creator economy,&#8221; he added.
He continued to state that the Rumble Wallet will be the &#8220;vehicle to help 
monetize creators better than most advertisers, especially in international 
markets,&#8221; though he did not provide further details other than it may support 
Tether Gold (XAUT) as well.
_Rumble 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 &#8216;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&#8217;s video platform.
Rumble has also joined the ranks of Michael Saylor&#8217;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&#8217; consensus estimates.
Rumble&#8217;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.
&#8220;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,&#8221; said 
Pavlovski.
_Rumble 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 &#8216;by 2029,&#8217; CIA tips its hat to Bitcoin: 
Hodler&#8217;s Digest**_

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

Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 
25% and consolidating gains near the $2,200 zone. Ethereum started a fresh 
surge above the $2,000 resistance. The price is trading above $2,120 and the 
100-hourly Simple Moving Average. There is a connecting bullish trend line 
forming with support at $2,150 on the hourly chart of ETH/USD (data feed via 
Kraken). The pair could continue to move up if it breaks the $2,250 resistance 
level. Ethereum Price Surges Above $2,000 Ethereum price remained supported 
and started a fresh increase above $1,880, beating Bitcoin. ETH gained pace 
for a move above the $1,950 resistance zone. The bulls were able to push the 
price above the $2,000 resistance zone. The price gained over 25% and recently 
surpassed the $2,200 resistance zone. A high was formed at $2,241 and the 
price is now consolidating gains above the 23.6% Fib retracement level of the 
upward move from the $1,752 swing low to the $2,241 high. Ethereum price is 
now trading above $2,200 and the 100-hourly Simple Moving Average. Besides, 
there is a connecting bullish trend line forming with support at $2,150 on the 
hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles 
near the $2,240 level. The next key resistance is near the $2,250 level. The 
first major resistance is near the $2,320 level. A clear move above the $2,320 
resistance might send the price toward the $2,450 resistance. An upside break 
above the $2,450 resistance might call for more gains in the coming sessions. 
In the stated case, Ether could rise toward the $2,500 resistance zone or even 
$2,550 in the near term. Another Decline In ETH? If Ethereum fails to clear 
the $2,250 resistance, it could start a fresh downside correction. Initial 
support on the downside is near the $2,200 level. The first major support sits 
near the $2,150 zone and the trend line. A clear move below the $2,150 support 
might push the price toward the $2,075 support. Any more losses might send the 
price toward the $2,020 support level in the near term. The next key support 
sits at $2,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
above the 50 zone. Major Support Level – $2,150 Major Resistance Level – 
$2,250

Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds Fast

Bitcoin mining firm MARA Holdings (MARA) nearly tripled its Bitcoin holdings 
over 12 months, according to its newly released Q1 results.
However, its Bitcoin production fell, and total earnings slightly missed Wall 
Street estimates in Q1.
MARA, formerly Marathon Digital, saw its Bitcoin (BTC) holdings increase to 
47,531 BTC, up 175% from the 17,320 BTC the firm was holding at the end of Q1 
2024.
## MARA holdings inch closer to $5B after Bitcoin pump
MARA holds the second-largest amount of Bitcoin among all publicly traded 
companies, according to CoinGecko data. Strategy (MSTR) holds the number one 
spot with 555,450 Bitcoin.
The holdings represent a total value of approximately $4.9 billion, based on 
Bitcoin&#8217;s current price of $102,660 at the time of publication, according to 
CoinMarketCap data. Over the past 24 hours, Bitcoin&#8217;s price spiked 4.86%.
_Bitcoin is trading at $102,660 at the time of publication. 
Source:__CoinMarketCap_
However, the amount of Bitcoin that MARA produced over the quarter fell 19% 
compared to the same quarter in 2024 to 2,286 Bitcoin.
MARA attributed this to the last Bitcoin halving event, which reduced mining 
rewards to 3.125 BTC per block and tightened overall supply.
MARA fell short of analyst revenue expectations by 0.35%, according to Zacks 
Research. The analysts pointed out that MARA has only surpassed consensus 
revenue estimates once in the past four quarters.
_MARA is trading at $14.20 at the time of publication. Source:__Google 
Finance_
Despite this, MARA&#8217;s stock price jumped 7.2% during trading on May 8 but has 
since pulled back nearly 2% in after-hours trading, according to data from 
Google Finance.
## Bitcoin mining firms share same frustrations
Bitcoin miner Riot Platforms echoed similar difficulties in their recent Q1 
financial report.
Riot said that the average cost to mine Bitcoin over the quarter was $43,808, 
almost 90% more than the $23,034 it cost to mine Bitcoin in the same period 
last year. However, Riot beat its $159.8 million revenue consensus estimate by 
1%.
_**Related:**__**Bitcoin miner Hive taps Paraguay for low-cost energy 
partnership**_
Several other Bitcoin mining firms also fell short of Wall Street&#8217;s revenue 
expectations.
Bitcoin miner CleanSpark missed consensus estimates by 0.58%, reporting 
quarterly revenue of $181.71 million.
Bitcoin miner Core Scientific also fell short of analyst expectations with 
total Q1 revenue reaching $79.5 million, missing Zacks analysts&#8217; estimates by 
8.11% and falling from its $179.3 million revenue for Q1 2024.
Meanwhile, Bitcoin miner Hut8 reported the widest miss among Bitcoin mining 
firms, falling 35% short of Wall Street expectations.
Zacks Research had projected Hut8 to post first-quarter revenue of $35 
million, but Hut8 came in significantly lower at just $21 million.
_**Magazine:**__**ChatGPT a &#8216;schizophrenia-seeking missile,&#8217; 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.

Bitcoin at $103K hurtles MARA stack toward $5B, holdings triple

One of the world’s largest cryptocurrency exchanges, Coinbase, announced on 
Thursday that it has agreed to acquire Dubai-based crypto derivatives exchange 
Deribit, for $2.9 billion, marking the largest deal in the crypto sector to 
date. Coinbase Expands Global Reach With Deribit The acquisition, announced on 
Thursday, involves a substantial financial commitment, with $700 million in 
cash and 11 million shares of Coinbase Class A common stock as part of the 
deal. The transaction is anticipated to close by the end of the year, a 
timeline that has already positively impacted Coinbase’s stock, with shares 
rising more than 5% toward the $206 mark following the announcement. Related 
Reading: Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May 
Delay Recovery Greg Tusar, Coinbase’s vice president of institutional product, 
emphasized the strategic importance of the deal, stating that it enhances 
Coinbase&#8217;s ability to compete with major players like Binance. While Coinbase 
dominates the US market for cryptocurrency trading, it has historically held a 
smaller share in the global arena, where a significant portion of trading 
activity occurs on Binance. Acquisition Highlights Deribit has established 
itself as a powerhouse in the crypto derivatives space, facilitating over $1 
trillion in trading volume last year and boasting approximately $30 billion in 
current open interest on its platform. “We’re excited to join forces with 
Coinbase to power a new era in global crypto derivatives,” said Deribit CEO 
Luuk Strijers in a statement. He highlighted that this acquisition will not 
only accelerate the growth of both companies but also provide traders with 
enhanced opportunities across various trading products, including spot, 
futures, perpetuals, and options, all under the Coinbase brand. Tusar noted 
that Deribit’s consistent track record of generating positive adjusted EBITDA 
is a key factor in the acquisition, suggesting that the combined entity will 
likely see increased profitability. “One of the things we liked most about 
this deal is that it’s not just a game changer for our international expansion 
plans — it immediately diversifies our revenue and enhances profitability,” he 
told CNBC. Related Reading: Cardano Approaches Critical Resistance – Break 
Above Could Trigger Move To $0.80 This acquisition comes at a time when the 
cryptocurrency industry is benefiting from a supportive regulatory 
environment, with President Donald Trump’s administration taking a pro-crypto 
stance. This regulatory tailwind has fueled an increase in mergers and 
acquisitions within the sector. For instance, in March, US-based crypto 
exchange Kraken announced its acquisition of NinjaTrader for $1.5 billion, and 
last month Ripple Labs agreed to buy prime broker Hidden Road. Featured image 
from DALL-E, chart from TradingView.com

Coinbase Stock Rises 5% After $2.9 Billion Deal To Acquire Deribit

Bitwise taps Icapital’s 100,000-strong advisor network to launch high-octane 
crypto strategies built for alpha generation, redefining institutional access 
to the digital asset frontier. Bitwise Leverages Advisor Army to Roll out 
Next-Gen Crypto Playbook Global crypto asset manager Bitwise Asset Management 
announced on May 7 a new partnership with fintech investment platform 
Icapital, aimed at expanding […]