The company posted $20.8 billion in client assets, a 48% increase in profit, and plans for a $150 million share buyback program. Shares of social trading and investing platform eToro (Nasdaq: ETOR) rose on Monday after the company reported a 76% year-over-year increase in assets under administration to $20.8 billion in the third quarter. The company also posted a 28% increase in net contribution to $215 million, up from $167 million the previous year, alongside the launch of a $150 million share repurchase program. Net income under Generally Accepted Accounting Principles (GAAP) rose 48% to $57 million from $39 million in the same quarter last year, while funded accounts expanded 16% to 3.73 million, supported by the integration of Australia’s Spaceship app acquired in 2024. Read more
Reports said that the AI infrastructure purchase would be valued at about $767 million as part of a stock deal, about three months after a planned acquisition with Tether. 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 freedom of speech and financial freedom,” according to Paolo Ardonio, CEO of the stablecoin issuer. Read more
A bullish breakout lifts Bitcoin toward $110,000, but a stablecoin build-up and looming CME gaps signal caution. 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. Read more
A Bitcoin rally through $112,000 could be brewing. Cointelegraph explains why the pending release of US economic data and the end of the government shutdown are good for BTC. 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. Read more
Coinbase’s regulated platform reopens access to token offerings for retail investors after a hiatus of years since the peak of the ICO market. 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 to ensure broad participation. Read more