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An inside source claimed Tether is set to purchase a 30% stake in the Italian media company, Be Water. With a market value of more than $144 billion, the stablecoin firm has been expanding its portfolio beyond crypto. According to a recent Bloomberg report , a source familiar with the dealings told the news outlet that the stablecoin issuer has agreed to to buy a 30% stake in the Italian media company Be Water. However, the deal has not been officially announced yet and the source refused to be identified until the agreement goes public. A representative for Tether ( USDT ) has not responded to a request for comment regarding the deal with the Italian firm, neither has a spokesperson from Be Water. Founded in 2021 by financier and writer Guido Brera, Be Water is a broadcast media company based in Rome, Italy. It is the parent company of podcast production firm Chora Media and Instagram-based content company Will Media, as well as the distribution and production firm Be Water Film. It made its debut at the Cannes Film Festival last year and has partnered with major players from the Italian film industry such as screenwriter Stefano Bises and actor Alessandro Borghi. If the deal does close, Be Water will be the company’s latest venture into multimedia companies after it invested $775 million in video sharing platform Rumble in December 2024. Most recently, the stablecoin issuer has agreed to help the platform build its own digital wallet to support creator funding. Aside from multimedia companies, Tether’s investment portfolio covers a wide range of firms in various industries from Bitcoin ( BTC ) mining to commodity trading. At press time, USDT, has accumulated a market cap of more than $144 billion. While its daily trading volume currently stands at $23.8 billion, according to data from crypto.news. Last month, an inside source signaled that Tether is planning to invest its $7 billion in excess reserves into more companies outside of the crypto space.

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Ethereum’s daily ETH burn rate, a key feature introduced by the 2021 EIP-1559 update to manage fees and supply, shows signs of declining, based on recent chart analysis highlighted by Miles Deutscher. The chart shows that Ethereum’s profitability is the lowest it has been in a long time, with ETH burns trending to zero. This implies reduced network usage or fees, which conflicts with Ethereum’s deflationary concept, which relies on burning more ETH than is issued to validators. The trend has sparked debate within the crypto community: some view it as a temporary lull before a possible recovery, while others express concern about profitability metrics and potential shifts in market sentiment. There could be several reasons why this is happening, but first, it’s prudent to understand what’s actually going on. Ethereum’s revenue is primarily driven by network activity, which generates transaction fees. Falling fees point to lower demand for block space, meaning fewer users are willing to pay high gas fees. Lower fee revenue can impact validators and Ethereum stakers, making ETH less attractive as a yield-generating asset. It’s hard to exactly pinpoint the reasons for Ethereum’s decline, but lower on-chain activity might be one. This means that Ethereum’s DeFi ecosystem has slowed down, with lower trading volumes and fewer transactions on the mainnet. Then, since Ethereum’s burn mechanism is tied to gas fees, lower gas fees equals lower burns. Also, fewer high-fee transactions means less ETH is burned. All of this is mostly speculation at this point, but it’s worth noting that there doesn’t have to be cause for concern just yet. It might be still early to predict the outcome of the news, but there are at least a few options that should be noted. For instance, in the cases when burns outpace issuance, ETH becomes deflationary. A trend towards zero burns raises the possibility of the total ETH supply expanding again, which could impact its perceived long-term value narrative. Ethereum validators earn from transaction fees and MEV (Maximal Extractable Value). If fees remain low, staking rewards decrease, which would probably discourage participation in Ethereum staking. We have yet to see what will happen in the end, but if on-chain activity rebounds, either through new innovations, higher DeFi volumes, or something else, Ethereum’s burn rate and profitability could quickly recover. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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