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.

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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.

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Middle East Tensions Cast A Long Shadow Over Cyprus Economic Outlook

by THEFUTURE.TEAM

May 12, 2026

Improved Current Account Performance Amid Uncertainty

Cyprus recorded an improvement in its current account balance during 2025, with the deficit narrowing to 6.4% of GDP from 9.7% in 2023, according to analysis by Michail Vassileiadis. The improvement was primarily supported by continued expansion in the country’s services surplus, which reached a historic high of 25.2% of GDP compared with 23.5% a year earlier.

Sectoral Strength And Fiscal Dynamics

A moderate reduction in the goods deficit also contributed to the stronger current account position, although the deficit remained elevated at 19.5% of GDP. At the same time, the primary income deficit widened from 10.8% to 11.2% of GDP, reflecting higher outward flows linked to direct investment profits. The secondary income balance improved slightly, moving to a deficit of 0.9% of GDP.

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Robust Contributions From Key Economic Sectors

Strong contributions continued coming from intellectual property, tourism and financial services, which generated surpluses equal to 5.3%, 5.7% and 6.5% of GDP, respectively. Although transport and other business services weakened compared with the previous year, ICT services remained stable at 7.5% of GDP, continuing to support economic growth between 2021 and 2025.

Export-Import Dynamics And Structural Shifts

In value terms, the goods deficit widened by 2.5%, driven by a 1.4% increase in imports alongside a 0.2% decline in exports. Petroleum products accounted for 53.9% of the increase in imports, while pharmaceuticals represented another 16.5%. At the same time, exports of refined petroleum products surged by 298.8%, helping offset the impact of a sharp decline in ship exports.

Risks From Geopolitical Instability And Future Outlook

The analysis noted that geopolitical tensions in the Middle East continue posing risks for sectors including tourism and transport. A slowdown in European economic activity or prolonged regional instability could affect tourism revenues and disrupt shipping activity. The report also noted that Cyprus benefited from safe-haven inflows during earlier periods of regional instability, including the Gaza conflict between 2023 and 2025, although prolonged uncertainty could weigh on investment activity and increase market caution.

Conclusion

Cyprus’ recent fiscal improvements, supported by structural reforms and successive sovereign credit rating upgrades, have bolstered investor confidence, enabling a return to A-tier status. Nonetheless, the country faces a delicate balancing act as it navigates rising energy prices and the potential market turbulence induced by external geopolitical pressures. Strategic policy measures and adaptive economic planning will be critical in maintaining this positive momentum against a backdrop of persistent uncertainty.

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