💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
TikTok US establishes a data security joint venture, with Silver Lake, Oracle, and MGX each holding a 15% stake
【BlockBeats】TikTok officially announced the establishment of a US data security joint venture LLC (TikTok USDS Joint Venture LLC) on January 23. This new company will independently handle data protection, algorithm transparency management, content review mechanisms, and platform software security maintenance for TikTok in the United States.
The management of the joint venture consists of three investors—Silver Lake, Oracle, and MGX—each holding a 15% stake. In addition, there are multiple investment institutions involved, including Dell Family Office, Vastmere Strategic Investments, Alpha Wave Partners, and Revolution. Notably, ByteDance retains a 19.9% stake in the joint venture, continuing to hold significant influence.
This restructuring reflects TikTok’s strategic emphasis on data security and algorithm governance. By introducing several internationally renowned investors, it aims to enhance its ability to adapt to regulatory oversight in the US market.