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Tether – the company behind the biggest stablecoin in terms of market capitalization, USDT – announced the acquisition of a minority ownership stake in Juventus. The latter is the most successful football club in Italy, having won the domestic Serie A championship a record 36 times. According to some studies, it also has the largest fan base in the country. Tether Solidifies Its Presence In the Sports World According to a document shared with CryptoPotato, this strategic investment allows Tether to integrate its digital assets, payments, and newly acquired AI and biotech expertise into the sports industry. The company might also assemble a top-tier advisory team for this initiative. Additionally, acquiring a minority stake in Juve (as the team’s nickname is) will allow Tether to promote blockchain technology and stablecoin adoption in mainstream sectors such as the sports world. Speaking on the deal was the company’s chief executive officer – Paolo Ardoino: “Aligned with our strategic investment in Juve, Tether will be a pioneer in merging new technologies, such as digital assets, AI, and biotech, with the well-established sports industry to drive change globally. We will explore avenues for innovative collaborations and the potential to revolutionize the global sports landscape.” It is important to note that this is not the company’s first interaction with a football team. In 2023, Plan ₿, an initiative founded by Tether and the City of Lugano, announced its official sole kit sponsorship of FC Lugano, a professional football club that competes in the Swiss Super League. The company behind the USDT stablecoin has also collaborated with Juan Sartori, whose extensive experience includes involvement with the English football team Sunderland AFC, the French AS Monaco, and the European Club Association. Crypto and Italian Football Juve first engaged with the cryptocurrency sector in September 2018 by partnering with blockchain platform Socios.com to launch the Juventus Official Fan Token. Last year, it named Zondacrypto its new sleeve sponsor and official crypto exchange partner, further solidifying its presence in the industry. Other Italian football clubs that have shaken hands with entities representing the digital asset sector include AC Milan which inked a sponsorship deal with BitMEX, SSC Napoli which teamed up with Upbit, and more. The post Tether Acquires a Minority Stake in Italian Football Giant Juventus appeared first on CryptoPotato.

Tether has announced its acquisition of a minority stake in Juventus Football Club, one of Europe’s most successful football teams. This move is part of Tether Investments’ long-term strategy, which extends beyond stablecoins into artificial intelligence (AI), bitcoin mining, biotech, and now sports franchises. With USDT leading the global stablecoin market at $140 billion in market capitalization and 400 million users, Tether is positioning itself at the intersection of blockchain and professional sports. The company aims to leverage its digital assets, payment solutions, and AI expertise to create new opportunities in the sports industry. Tether’s expansion into football follows its sponsorship of FC Lugano in 2023. Now, with Juventus, Tether is strengthening its commitment to bridging digital finance and real-world industries. The company is also collaborating with Juan Sartori, who has experience with Sunderland AFC, AS Monaco, and the European Club Association to bring innovation to the space. “Aligned with our strategic investment in Juve, Tether will be a pioneer in merging new technologies, such as digital assets, AI, and biotech, with the well-established sports industry to drive change globally,” said Paolo Ardoino, Tether’s CEO. This investment underscores Tether’s vision to integrate stablecoins and blockchain technology into everyday life by merging digital assets and mainstream industries. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

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The Floki price surged over 13% in the last 24 hours to trade at $0.000127 as of 7:20 a.m. EST as investors rush to buy the meme coin. This uptick in the FLOKI price comes after the project scored major deals with English Premier League soccer teams. As part of an effort to boost the token’s visibility, the project has entered into a one-year agreement that will see FLOKI and its Valhalla game feature on various English Premier League properties. FLOKI tokens will be the crypto partner for Nottingham Forest. The project’s upcoming Valhalla game will also feature on the back of the Sunderland AFC Jersey, while on-screen advertisements for the project will be shown throughout all league games as well. The Floki Price Attempting To Break A Major Resistance   4-hour chart for FLOKI/USD (Source: GeckoTerminal ) The Floki price is attempting to overcome the resistance level at $0.0001335. Should it successfully break above this barrier, the meme coin could have the technical foundation needed to keep climbing in the following 24 hours. Traders might subsequently try to push FLOKI up to $0.0001460. However, the crypto getting rejected by the $0.0001335 resistance level could invalidate the bullish thesis. In this alternative scenario, the meme coin might be at risk of falling to the immediate support level at $0.0001227. Continued sell pressure should the Floki price fall to this technical safety net could then expose FLOKI to the risk of falling to as low as $0.0001111. Technicals Suggest The Floki Price Could Keep Climbing From a technical perspective, indicators on FLOKI’s 4-hour chart show that buyers currently have the upper hand against sellers. More specifically, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators suggest the Floki price could continue to rise in the next 24 hours. Throughout the past day of trading, the MACD line has broken away above the MACD Signal line. Traders usually see the MACD positioned above the MACD Signal line as a sign that a crypto is in a short-term positive trend. What’s more, the growing gap between the two lines suggests FLOKI’s bullish momentum is picking up steam. RSI readings on the 4-hour chart have also risen consistently throughout the past trading session, which indicates bullish strength. The positive slope of the RSI line might be an indication of buyers growing stronger against sellers as well.

$FLOKI is still chopping around near the key lows -- along with the rest of the market. Should be quick to bounce back once the market does too, especially now that they partnered with the British Premier League, Nottingham Forest & Sunderland AFC. Eyes on a reclaim of 13500.