Tether invested $750M into Rumble. They are using the customer funds as their own piggy bank. Funnily enough $500M of those funds Rumble will be used for share buybacks. And Cantor owns like 8% of Rumble. There is nothing but dirt in this space.
The ethbtc narrative does seem to make a lot of sense though. Tether has stopped printing; there is no more inflows and unable to push the price higher. So what do they do? They get a new idea, a brilliant idea. For people to reinvest their earnings and then some. ETHEREUM. No inflow of new money is needed. You can just trade Bitcoins into ETH, pumping up the ETHbtc pair and pumping ethusd.
@johnarb @Tokenz just another bump about how 100k was supposed to be some pivotal level when I told you guys it meant nothing. Kudos plz.
What are you talking about? It seems very pivotal, considering we've halted there and aren't really moving anywhere Bitcoiners should be shivering at this point. Tether is not printing any more Tethers. It truly is over this time.