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OnlyFans Founder Joins Forces With Crypto Foundation for TikTok Takeover Bid

In a bold move to disrupt the social media landscape, Tim Stokely, the founder of OnlyFans, has partnered with the Hbar Foundation—a key player behind the Hedera cryptocurrency network—to submit a late-stage bid to acquire TikTok. The proposal, submitted this week to the White House, marks a significant attempt to shift the ownership of the popular video-sharing app from Chinese owner ByteDance.

Zoop, Stokely’s new startup, aims to redefine the digital content space by offering a platform where creators are the primary beneficiaries. Unlike OnlyFans, which has been associated with adult content, Zoop is designed to be mainstream and family-friendly, returning the majority of its revenues to creators based on user engagement. According to Zoop co-founder RJ Phillips, the bid for TikTok is not just about taking control but about creating a “new paradigm” where both creators and their communities directly benefit from the value they generate.

The partners behind the bid have been quietly working with a group of investors, though details on the financial backing remain undisclosed. Meanwhile, Amazon has also entered the race with a last-minute offer to acquire the app, intensifying the competition.

TikTok’s fate remains uncertain as U.S. President Donald Trump is expected to make a critical decision on April 5 regarding the app’s future in the United States. ByteDance faces a deadline to either divest TikTok’s U.S. operations or face a potential national security ban under a law passed in January. This legislation, with bipartisan support, raises concerns about TikTok’s ties to the Chinese government and its potential to be used for influence operations in the U.S.

While TikTok advocates argue that such a ban would violate First Amendment rights, the Trump administration’s intervention could lead to a sale that alters the app’s ownership structure significantly. Current talks suggest that the largest non-Chinese investors in ByteDance may take the reins of TikTok’s U.S. operations.

As the clock ticks toward the April 5 deadline, the White House is managing the sale process, with Vice President JD Vance overseeing what is quickly becoming a high-stakes auction. With multiple players vying for control, the next few days could determine the future of one of the world’s most influential social media platforms.

Strained Household Finances: Eurostat Data Reveals Persistent Payment Delays Across Europe and in Cyprus

Improved Financial Resilience Amid Ongoing Strains

Over the past decade, Cypriot households have significantly increased their ability to manage debts—not only bank loans but also rent and utility bills. However, recent Eurostat data indicates that Cyprus continues to lag behind the European average when it comes to covering financial obligations on time.

Household Coping Strategies and the Limits of Payment Flexibility

While many families are managing their fixed expenses with relative ease, one in three Cypriots struggles to cover unexpected costs. This delicate balancing act highlights how routine payments such as mortgage installments, rent, and utility bills are met, but precariously so, with little room for unplanned financial shocks.

Breaking Down Payment Delays Across the European Union

Eurostat reports that nearly 9.2% of the EU population experienced delays with their housing loans, rent, utility bills, or installment payments in 2024. The situation is more acute among vulnerable groups: 17.2% of individuals in single-parent households with dependent children and 16.6% in households with two adults managing three or more dependents faced payment delays. In every EU nation, single-parent households exhibited higher delay rates compared to the overall population.

Cyprus in the Crosshairs: High Rates of Financial Delays

Although Cyprus recorded a notable 19.1 percentage point improvement from 2015 to 2024 in delays related to mortgages, rent, and utility bills, the island nation still ranks among the top five countries with the highest delay rates. As of 2024, 12.5% of the Cypriot population had outstanding housing loans or rent and overdue utility bills. In contrast, Greece tops the list with 42.8%, followed by Bulgaria (18.7%), Romania (15.3%), Spain (14.2%), and other EU members. Notably, 19 out of 27 EU countries reported delay rates below 10%, with Czech Republic (3.4%) and Netherlands (3.9%) leading the pack.

Selective Improvements and Emerging Concerns

Between 2015 and 2024, the overall EU population saw a 2.6 percentage point decline in payment delays. Despite this, certain countries experienced increases: Luxembourg (+3.3 percentage points), Spain (+2.5 percentage points), and Germany (+2.0 percentage points) saw a rise in payment delays, reflecting underlying economic pressures that continue to challenge financial stability.

Economic Insecurity and the Unprepared for Emergencies

Another critical indicator explored by Eurostat is the prevalence of economic insecurity—the proportion of the population unable to handle unexpected financial expenses. In 2024, 30% of the EU population reported being unable to cover unforeseen costs, a modest improvement of 1.2 percentage points from 2023 and a significant 7.4 percentage point drop compared to a decade ago. In Cyprus, while 34.8% still report difficulty handling emergencies, this marks a drastic improvement from 2015, when the figure stood at 60.5%.

A Broader EU Perspective

Importantly, no EU country in 2024 had more than half of its population facing economic insecurity—a notable improvement from 2015, when over 50% of the population in nine countries reported such challenges. These figures underscore both progress and persistent vulnerabilities within European households, urging policymakers to consider targeted measures for enhancing financial resilience.

For further insights and detailed analysis, refer to the original reports on Philenews and Housing Loans.

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