Share this article
Hbar Foundation Teams Up With OnlyFans Founder for TikTok Bid: Reuters
HBAR is up 1.5% in the last 24 hours.
Updated Apr 2, 2025, 8:13 p.m. Published Apr 2, 2025, 7:10 p.m.
What to know:
- The HBAR Foundation and OnlyFans founder Tim Stokely have submitted a bid to acquire TikTok, according to Reuters.
- Amazon is also interested in acquiring TikTok, adding competition to the bidding process.
- The HBAR Foundation is the entity behind Hedera, a smart contract platform that launched in 2018.
The HBAR Foundation has teamed up with the founder of internet subscription site OnlyFans, Tim Stokely, in a bid to acquire Chinese social media app TikTok, according to a new Reuters report.
Stokely and the HBAR Foundation submitted a bid last week to the White House through the former’s new family-friendly crowdfunding company, Zoop, Reuters said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Our bid for TikTok isn't just about changing ownership, it's about creating a new paradigm where both creators and their communities benefit directly from the value they generate," Zoop co-founder RJ Phillips told Reuters.
The HBAR Foundation is the entity behind Hedera (HBAR), a proof-of-stake smart contract platform that launched in 2018. With a market capitalization of $7.2 billion, HBAR is the 22nd-largest cryptocurrency in existence as of press time. The coin only reacted mildly to the news and is up 1.5% in the last 24 hours.
The duo’s bid for TikTok isn’t the only one on the market. Online retailing giant Amazon (AMZN) is also looking to acquire the platform, according to The New York Times.
The HBAR Foundation confirmed to CoinDesk that it had indeed submitted a bid to acquire TikTok US with Zoop.
"This strategic initiative aims to disrupt the traditional big tech model where platforms can capture up to 90% of revenue while creators - who generate the content – receive a disproportionately small share," the companies said in a press release.
UPDATE (April 2, 2025, 20:10 UTC): Updated with confirmation from HBAR Foundation.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin drifts lower as $81.3k emerges as the market’s key fault line: Asia Morning Briefing
With large caps still tracking bitcoin and high-beta assets already weakened, Glassnode’s True Market Mean has become the line investors are watching most closely.
What to know:
- Bitcoin's True Market Mean at $81.3k is a critical level, with potential market-wide implications if breached.
- Large-cap crypto assets remain closely correlated with bitcoin, reinforcing its role as the market's anchor.
- Gold prices have surged to record highs, driven by central bank buying and geopolitical risks, with forecasts suggesting further increases.
Top Stories
