Breaking
Bumble is in advanced talks to go private in a deal worth about $1 billion, Reuters reported on Monday, October 12, 2026. Ithaca Holdings is the prospective buyer. The talks come as Bumble tries to win back users with AI. Neither company has confirmed a deal. Both declined to comment. Still, Bumble shares surged roughly 50% to $3.80 that Monday, their biggest one-day percentage gain on record. A $1 billion price tag for a $14 billion debut Founded by Whitney Wolfe Herd in 2014, Bumble went public in 2021 at a valuation of about $14 billion. Five years later, the proposed price tells a very different story. Paolo Pescatore, an analyst for PP Foresight, said the potential agreement is proof of Bumble’s difficulties, adding that: Going private looks less like a strategic masterstroke and more like an admission that Bumble’s current strategy is failing. The numbers a buyer would inherit Bumble’s Q2 results indicate the reasons for the investors’ concerns. Its revenue declined by 15.2% year-over-year to $210.5 million. The number of paying users also dropped by 16.4% to 3.2 million. Bumble reported a net loss of $127.9 million of which $169.3 million were impairment charges, even though the adjusted EBITDA represented $72.9 million. The slide started earlier. In 2025, the company registered a near 10% drop in revenue that amounted to approximately $966 million, while its paying user base declined by more than 11% to approximately 3.7 million. Bumble Revenue and Paying Users Decline in 2025 and Q2 2026 Industry fatigue, or a Bumble problem Bumble’s competitor, Match Group, appears to be doing better as revenue fell only 1% to $853 million in the second quarter. Meanwhile, net income increased by 36% to $171 million. Tinder also showed signs of improvement. Daily active users dropped by only 4% year-on-year, which was the smallest decline in the last 10 quarters. Hinge’s revenue has increased by 22%. Match aims to bring Hinge’s annual revenue to $1 billion by 2027. Dating-app fatigue remains a challenge. But Match’s results suggest Bumble’s issues range beyond just the users getting bored with swiping. Bumble vs Match Group Q2 2026: Revenue, Profit and User Trends Can AI pull users back, or push them away Bumble hopes its AI-led Bumble 2.0 can change that. The redesign brings richer, chapter-style profiles and the possibility of swipe-free dating. Its March unveiling helped send shares up more than 40%. Wolfe Herd had earlier floated AI dating concierges, as Cryptopolitan reported. Whether users want that help is less clear. A peer-reviewed study suggests confidence in algorithms can encourage AI dating adoption. Yet an SSRN working paper reported 54% fewer usage minutes and 62% fewer app openings among the AI adopters studied. Those findings do not represent all daters. At the same time, less expensive AI will make companion chatbots more attractive than dating apps. However, the use of these chatbots raises privacy and security issues, as noted by the Congressional Research Service. The opportunity remains substantial: Grand View Research estimates a $10.7 billion global dating-app market in 2026, reaching $17.9 billion by 2033. The challenge is converting AI features into users who stay, pay, and trust the platform Micah Abiodun | usagoldmines.com
October 13, 2026

THORChain fees more than double its pre-surge week with no Bitget exploit money Randa Moses | usagoldmines.com

THORChain garnered ~$404,600 in swap fees between October 5 and 11.

The total is more than twice the ~$191,500 it earned the week prior to its spike in September, and no exploit-related money flowed through the protocol.

Ethereum leads the latest seven days with $129,183

DeFiLlama shows $404,608 in 7-day fees for the cross-chain swap protocol. The week of September 18 to 24 brought in ~$191,500 by Cryptopolitan’s count of DeFiLlama’s daily data prior to the late-month spike.

Ethereum had the largest slice of the pie over the past seven days, at $129,183. THORChain’s own chain was next at $95,516, followed by Bitcoin at $74,517 and Tron at $64,747.

No major spikes or exploits were reported in October.

Active wallets rose to 25,000 in September from 23,500 in August. By September, Protocol-Owned Liquidity, the pool capital THORChain owns itself, had attracted approximately 946,000 RUNE in deposits.

THORChain has also adjusted its system income split. RUNE burn share goes from 5% to 1% and 20% goes to POL now.

Swap revenue still sits 82% under the exploit week

The latest week is still far below the level THORChain attained at the end of September. Exploit week of September 25 to October 1 saw ~$2.28 million in fees, again based on DeFiLlama’s daily series.

Cryptopolitan’s tally of the same data shows the latest week down 82% from the exploit week. Fees for October 2 to 8 were down 90% from the exploit week.

The network income for September was $3.01 million versus $615,000 in August. Swap volume jumped to $2.40 billion from $613 million.

Most of it came in five days. Flows tied to the Bitget hack between September 25 and September 29 constituted around 57-63% of the month’s volume and income, or about $1.37 billion in swaps and close to $1.9 million in income.

Bitget lost ~$387.5 million in a breach on September 24, revised up from an initial $351.6 million estimate after Zcash and TRON transfers were included.

According to Cryptopolitan, Bitget CEO Gracy Chen made a public appeal on September 26 for the protocol to refuse service to the attacker’s wallets. Circle and Tether froze about $318,000 in stablecoins tied to the hack on September 25.

THORChain declined. The protocol said its emergency network halt is a security feature for the entire system, not a way to freeze individual addresses.

It also hadn’t blacklisted wallets following its own $10.7 million vault exploit earlier in 2026. The network has no admin key or controlling multisig, per the protocol itself.

THORChain’s State of the Network report said the active set grew from 87 to 103 nodes in September.

If you’re reading this, you’re already ahead. Stay there with our newsletter.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

You Missed

Bumble is in advanced talks to go private in a deal worth about $1 billion, Reuters reported on Monday, October 12, 2026. Ithaca Holdings is the prospective buyer. The talks come as Bumble tries to win back users with AI. Neither company has confirmed a deal. Both declined to comment. Still, Bumble shares surged roughly 50% to $3.80 that Monday, their biggest one-day percentage gain on record. A $1 billion price tag for a $14 billion debut Founded by Whitney Wolfe Herd in 2014, Bumble went public in 2021 at a valuation of about $14 billion. Five years later, the proposed price tells a very different story. Paolo Pescatore, an analyst for PP Foresight, said the potential agreement is proof of Bumble’s difficulties, adding that: Going private looks less like a strategic masterstroke and more like an admission that Bumble’s current strategy is failing. The numbers a buyer would inherit Bumble’s Q2 results indicate the reasons for the investors’ concerns. Its revenue declined by 15.2% year-over-year to $210.5 million. The number of paying users also dropped by 16.4% to 3.2 million. Bumble reported a net loss of $127.9 million of which $169.3 million were impairment charges, even though the adjusted EBITDA represented $72.9 million. The slide started earlier. In 2025, the company registered a near 10% drop in revenue that amounted to approximately $966 million, while its paying user base declined by more than 11% to approximately 3.7 million. Bumble Revenue and Paying Users Decline in 2025 and Q2 2026 Industry fatigue, or a Bumble problem Bumble’s competitor, Match Group, appears to be doing better as revenue fell only 1% to $853 million in the second quarter. Meanwhile, net income increased by 36% to $171 million. Tinder also showed signs of improvement. Daily active users dropped by only 4% year-on-year, which was the smallest decline in the last 10 quarters. Hinge’s revenue has increased by 22%. Match aims to bring Hinge’s annual revenue to $1 billion by 2027. Dating-app fatigue remains a challenge. But Match’s results suggest Bumble’s issues range beyond just the users getting bored with swiping. Bumble vs Match Group Q2 2026: Revenue, Profit and User Trends Can AI pull users back, or push them away Bumble hopes its AI-led Bumble 2.0 can change that. The redesign brings richer, chapter-style profiles and the possibility of swipe-free dating. Its March unveiling helped send shares up more than 40%. Wolfe Herd had earlier floated AI dating concierges, as Cryptopolitan reported. Whether users want that help is less clear. A peer-reviewed study suggests confidence in algorithms can encourage AI dating adoption. Yet an SSRN working paper reported 54% fewer usage minutes and 62% fewer app openings among the AI adopters studied. Those findings do not represent all daters. At the same time, less expensive AI will make companion chatbots more attractive than dating apps. However, the use of these chatbots raises privacy and security issues, as noted by the Congressional Research Service. The opportunity remains substantial: Grand View Research estimates a $10.7 billion global dating-app market in 2026, reaching $17.9 billion by 2033. The challenge is converting AI features into users who stay, pay, and trust the platform Micah Abiodun | usagoldmines.com