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Assad’s fall sparks euphoria in Syrian capital

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The roads leading into Damascus from its suburbs are littered with abandoned Syrian army vehicles — some so freshly vacant that soldiers’ clothes, blankets, boots and medication were left behind in a hurry. 

Crates of guns and munitions were ripped apart and pilfered by young men on motorbikes, excited to get a piece of the regime they said they were only beginning to process had just spectacularly fallen apart. 

“I’m 24 years old and for every single one of those years I’ve had [Assad’s] boot on my neck, keeping me down,” said Omar Seif, a waiter at an upscale Damascus restaurant who was taking selfies in front of an abandoned tank on a city street. “But today? I can breathe for the first time.”

“Maybe now, I can start to build the life the regime never wanted us to have,” he said, grabbing a Russian-made gun from an army crate before driving off. 

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Through 13 years of civil war, Damascus was an Assad stronghold, from where the military and intelligence kept a brutal grip on the country’s citizens. But in the early hours of Sunday, a mixture of fear, euphoria and confusion flooded the capital as residents awoke to the sudden fall of a dictator who survived more than a decade of war but was ousted in a stunning two-week rebel offensive.

Public squares were filled on Sunday with celebration. In Ummayyad Square, the streets were littered with thousands of bullet casings — remnants of celebratory gunfire that broke out early in the morning and continued into the afternoon.

But along with the unbridled joy was chaos, as rebels and everyday Syrians over-ran symbols of the Assad regime. Billboards and posters of former president Bashar al-Assad were ripped apart, shot at, urinated on throughout the city. Some people who spoke to the Financial Times said they were still too timid to join in, saying they were not yet ready to be defiant of Assad’s rule.

The takeover by rebel factions, led by the powerful grouping Hayat Tahrir al-Sham, plunges the country into a new era of uncertainty amid unresolved questions about who will rule, and how.

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Residents told the FT that overnight, soldiers shed their military uniforms, dropped their weapons and went home. The security forces’ checkpoints on the road to Damascus were unmanned, and there were unverified reports that rebels had begun knocking on doors to round them up.

Assad’s forces were for years propped up by his foreign backers Russia, Iran and the Iran-linked Lebanese militant group Hizbollah. But the Iranian embassy was also vandalised, and there was no visible sign of Iranian-linked forces anywhere nearby.

People had ripped apart pictures of former top Iranian Revolutionary Guards overseas commander Qassem Soleimani and Hizbollah’s former leader Hassan Nasrallah, killed by the US and Israel respectively. The security guards’ windows were shot up by gunfire.

The man makes a victory sign. Smoke rises from the toppled statue behind him
A man takes a selfie next to a destroyed statue of Bassel al-Assad, the late elder brother of Syria’s President Bashar al-Assad, in the city of Qamishli © Delil Souleiman/AFP via Getty Images

There was also evidence of looting in parts of the city. On the drive into Damascus from the Lebanese border, the Duty Free Mall — known to be a state-owned source of revenue for the Assad family — was ransacked, dozens of looters leaving behind only several warehouse rooms full of alcohol. Inside the city walls, family homes in upscale neighbourhoods were being looted, and some shops broken into.

People even roamed into the Assad family’s residence, incredulous at the opulence their leaders had lived in, giggling as they methodically packed up everything from designer handbags to ceramic plates from inside the house. “Wow! An elevator inside the apartment!” one girl exclaimed.

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Away from the city’s crowded squares, Damascus streets were largely quiet with most shops and restaurants closed and many residents either staying indoors or having already run off. Those walking the streets of the city in the afternoon looked largely stunned, or were rushing home before an HTS-imposed curfew at 4pm.

There were thick plumes of black smoke that rose up and engulfed the city, as Israel bombed the Damascus suburbs of Kafr Souseh, which was near a major regime security complex that was said to also be used by Iran and militias that it backs. There was another air strike on the suburb of Mezzeh, targeting the military airport there.

A man stands on a desk to reach a chandelier. Women watch and walk past
People inside the ransacked Assad private residence in Damascus © Hussein Malla/AP

Rebel factions were already attempting to enforce law and order, imposing a curfew, warning of legal penalties for looting and errant gunfire, taking over ministries and importing police officers amid widespread looting in Damascus.

Throughout the city, including in government ministries, groups of rebels from unknown factions were gathered, as though waiting for instruction. They roamed in disparate convoys of armoured vehicles and jeeps.

Some residents expressed relief that HTS had arrived, saying that while they were wary of their jihadi background, they appeared to want to impose order. 

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Boxes lie in a pile in the street. Surrounded by the armed fighters
Anti-government fighters secure boxes of money after preventing looters outside the central bank in Damascus © Sam Hariri/AFP via Getty Images

Shafiq Abu Talal, who is originally from Damascus but had been living for years in the HTS stronghold of Idlib in northwestern Syria, planned to return to his city immediately.

“My city was the last city to be free. The feelings are indescribable,” he said. “Events sped up dramatically. The revolution lasted for 13 years and the regime ended in less than 13 days.”

HTS was once affiliated with al-Qaeda and is deemed a terrorist organisation by the US and others, though its head Abu Mohammad al-Jolani has sought to present the Islamist group as a more moderate force in recent years.

In his first appearance since his fighters entered Damascus, Jolani addressed a crowd of supporters at the famed Ummayyad Mosque, saying Assad’s fall was “a victory” for the Islamic world.

Damascus residents are warily watching to see what kind of era their country is now entering, and what role Jolani will play.

“Honestly, his face and his voice reassured me. But let’s see what he does next before we judge him too kindly,” said Abdallah, who owns a phone shop in the old city. “After everything we’ve been through, what we want now is a peaceful transition and a new government that can restore calm.”

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Singapore’s Record Yield Gap With US Set to Widen on Debt Supply

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The yield gap between Singapore’s ultra-long bonds versus Treasuries is expected to expand from already-record levels as the nations’ debt supplies continue to diverge.

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TRUMP and MELANIA Outshine DOGE in Prominent Rankings: Key Insights

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TRUMP and MELANIA Outshine DOGE in Prominent Rankings: Key Insights

TL;DR

  • Donald Trump’s meme coin TRUMP ranked as the top trending token on January 21, despite its market cap falling from $14.5 billion to $8.5 billion.
  • MELANIA and DOGE followed next, with the latter gaining attention due to its connection with Elon Musk’s new government initiative.

These Memes Steal the Show

Donald Trump officially became the 47th President of the United States on January 20. Besides his success on the political scene, the Republican made huge waves in the crypto sector, launching his own meme coin on January 18.

The token, called Official Trump (TRUMP), stunned the crypto community by experiencing an impressive price increase mere hours later. Its market cap briefly soared past $14.5 billion, making it the second-biggest meme coin (trailing only behind DOGE). TRUMP has lost some steam in the past few days, and its current capitalization is less than $8.5 billion. Thus, Shiba Inu (SHIB) reclaimed the second spot. 

Despite its retreat, the buzz surrounding the Trump-themed meme coin remains more than evident. According to Santiment, it ranked as the top trending token across the entire crypto sector on January 21. 

“TRUMP is being discussed following its controversial listing on Coinbase, and the risks involved in investing during a volatile market,” the data analytics platform stated. 

The US-based cryptocurrency exchange is among the latest to embrace the meme coin. Prior to that, Binance, Bybit, and many more allowed trading services with it. 

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Interestingly, the second-most trending token is also related to the Trump family – MELANIA, the official meme coin of America’s first lady. 

“MELANIA is trending due to the recent launch of the meme coin, generating immediate significant market activity and volatility. Discussions highlight its association with the Trump meme coin,” Santiment explained.

Similar to TRUMP, MELANIA witnessed a remarkable rally during the first hours of its existence. Its market capitalization climbed above $2 billion on January 20 before tumbling to the current $600 million.

Who’s Third?

The Trump-themed tokens have been more trending than the biggest meme coin in terms of market cap – Dogecoin (DOGE). According to Santiment, the dog-themed asset claimed the third spot, with its rising popularity linked to its association with the newly launched US Department of Government Efficiency (D.O.G.E.), led by Elon Musk.

“This initiative has sparked discussion as it intertwines cryptocurrency with government operations, generating buzz on social media. Additionally, discussions around the potential for new meme coins linked to public figures like Trump and Musk contribute to the speculation about Dogecoin’s future performance and relevance in the crypto space,” the platform added.

Tesla’s CEO is known as a firm supporter of the OG meme coin, often praising it on social media. As such, DOGE proponents have raised hopes that he will continue endorsing the asset while being at the helm of the aforementioned division. 

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As CryptoPotato reported on January 21, DOGE’s valuation briefly pumped by double digits after the department’s official website featured the meme coin’s logo. We have yet to see whether there will be further announcements that can influence the price in the near future

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Lido Co-Founder Teases ‘Second Foundation’ for Ethereum Amid Community Backlash

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Konstantin Lomashuk, the founder of the Lido staking protocol, has teased his intention to build a “Second Foundation” to advance Ethereum’s ecosystem.

Over the past several days, Ethereum co-founder Vitalik Buterin has outlined plans for a major restructuring of the Ethereum Foundation (EF), the nonprofit organization responsible for supporting Ethereum’s development. In a series of posts on X (formerly Twitter), Buterin shared details of the reorganization, which he said would streamline decision-making processes and address inefficiencies.

The announcement has sparked criticism, with some arguing that Buterin’s central role in the restructuring process undermines Ethereum’s ethos of decentralization.

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The Ethereum Foundation, however, has long been scrutinized for its own centralizing influence within the Ethereum ecosystem. Over the past year, the organization has faced mounting pressure to define a clearer vision for Ethereum’s future as competing networks like Solana make strides.

Read more: Ethereum’s Vitalik Buterin Goes on Offense Amid Major Leadership Shake-up

The EF has also been criticized for its “rollup-centric” roadmap, which prioritizes “layer-2” networks that enable faster and cheaper transactions atop Ethereum. While these layer-2 rollups have boosted Ethereum’s throughput, they’ve also drawn concerns about potential trade-offs, such as diminished security guarantees and a notable dent in Ethereum’s base fee revenues.

Lomashuk, who has previously voiced concerns about the Ethereum Foundation’s direction, hinted at the concept of a “Second Foundation” in a December post on X. “The idea of a ‘Second Foundation’ is more about creating competition between different groups, giving the community a choice,” Lomashuk wrote. “EF is super deep, and it’s almost impossible for outsiders to contribute without building long-term research muscle. Without competition, we risk losing the right path.”

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On Wednesday, Lomashuk published another X post sharing a newly established account for “Second Foundation.”

Representatives for Lomashuk did not immediately respond to a request for comment, but Martin Köppelmann, a prominent Ethereum developer close to Lomashuk, told CoinDesk that the “Second Foundation” proposal is authentic.

“He is certainly seriously thinking about it,” Köppelmann said. “The goal of course is to make it open to anyone who subscribes to the same ideas – roughly that Ethereum needs to scale better and faster.”

Lido, the protocol founded by Lomashuk, allows users to pool their ETH to participate in Ethereum’s staking mechanism, which lets users “stake” (lock up) crypto with the network in exchange for interest. Stake correlates to power in Ethereum’s governance system, making Lido a pivotal entity in the ecosystem: Currently, Lido accounts for around 28% of Ethereum’s staked ETH, making it the network’s single-largest validator.

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In addition to Lido, Lomashuk co-founded P2P Validator, a company providing infrastructure for Ethereum validators, and cyber.Fund, a venture capital firm he operates alongside another Lido co-founder. His growing influence raises questions about the potential dynamics between a “Second Foundation” and the existing Ethereum Foundation as the network continues to evolve.

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Ross Ulbrich has a pardon but won’t be able to get his Bitcoin back

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Ethereum vs Solana: Which Is The Better Trade In 2025? Could There Be An Even Better Trade Than Both?

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In 2025, most traders are considering either Ethereum or Solana. This is largely due to the success of both tokens over the past years. Ethereum’s updates make it a good option while Solana offers high speed of transactions as well as low costs.

However, of late, a new presale token, Remittix (RTX) is creating a buzz. This could be attributed to the success of its ongoing presale as well as its innovative way of handling cross-border payments.

The ultimate question remains: Can Remittix rival Solana and Ethereum in 2025?  

Ethereum Rises 7% In 24 hours

ETH has begun 2025 with strong momentum. Currently trading at $3,442.66, it is up 7% over the last 24 hours. This keeps Ethereum as the second-largest cryptocurrency.

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With improvements such as “The Surge” upgrade and spot ETF approvals, Ethereum is poised to rise with some analysts anticipating a top of $12,000.  

In recent years, Ethereum made big changes to how it works. It switched to a proof-of-stake system, which uses less energy than before. This change has made it more environmentally friendly and prepared it for future growth. Ethereum might be a great investment in 2025.

Solana: The Fast and Affordable Challenger  

Solana has gained a lot of attention because of its speed. The network can handle thousands of transactions every second. It is also cheaper to use, making it a good choice for developers building applications in areas like gaming or NFTs.  

Analysts think that SOL might reach $500 by 2025, thanks to the excitement surrounding its prospective ETF launch. This expands its DeFi adoption, and increases institutional interest.

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Solana’s focus on affordability has strongly impacted its adoption. It has helped it attract a strong community of developers and users. This further advances Solana’s place in crypto.

What Makes Remittix Different?  

While Ethereum and Solana are strong players, Remittix is quickly becoming an interesting option for investors. It aims mainly to solve problems in the world of financial transactions. Many traditional systems for sending money across borders are slow and expensive. Remittixoffers a faster and cheaper way to handle these transfers.  

This focus on real-world financial solutions makes it stand out from other projects. Remittixis poised to improve cross-border payments. It is designed to be practical and useful, which gives it a unique position in the crypto market.  

Right now, the DeFi coin price for Remittix is low, making it accessible for early investors. Its presale token has already created a buzz, and some experts believe in its potential to deliver huge returns.  

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But the crypto market is always changing. New projects like Remittix show that there is room for innovation. By focusing on solving real problems, Remittix is setting itself apart as a potential leader in its space.  

For investors, this means there are more choices than ever. Whether you stick with well-known names like Ethereum and Solana or take a chance on something new like Remittix, the key is to stay informed and consider what fits your goals.  

Ethereum and Solana have proven themselves as strong options for crypto traders. Both offer unique advantages that make them worth considering in 2025. But for those who want to look beyond the usual names, Remittix could be a game-changer.  

Its focus on fixing issues with cross-border payments gives it a practical edge in the market. With its presale token selling for a low price at $0.0228 and growing interest, it might just be the hidden gem that surprises everyone in the next few years.

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Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/  

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

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Samsung brings major updates to its security suite to keep even the smallest SMBs safe

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Samsung Knox Suite


  • Samsung wants to expand Knox beyond its traditional enterprise remit
  • Three tiers are now available with basic plan available on all Samsung Galaxy devices at no extra cost
  • Base, Essentials, and Enterprise plans are tailored to address varying levels of security and management needs

Samsung has announced a new update for Knox Suite, its enterprise security and management solution for Galaxy business smartphones.

The updates introduce a tiered plan system, designed to cater to businesses of various sizes across multiple industries, from small businesses with a cybersecurity checklist through large enterprises.

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CME website hints at XRP, SOL futures debut in February

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According to the CME, 29.4 million crypto futures contracts were traded in 2024, valued at over $1.7 trillion in notional figures.

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eBay Sellers Are Hawking Used Phones With TikTok Preinstalled for Thousands of Dollars

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Secondhand phones with TikTok installed are being listed on eBay for thousands of dollars. And it appears that some people might actually be buying them.

Despite US president Donald Trump signing an executive order on Monday delaying any potential ban of the social media app for 75 days, TikTok remains absent from all US app stores—with Apple and Google giving no hints on whether it will return. That means if you are in America and delete the app or lose your phone, you are currently locked out, with no way to download it again. For content creators, brand marketers, and social media managers, that could spell disaster. And an expensive one at that.

Opportunistic eBayers have taken the chance to cash in on this misfortune. A quick search for “TikTok phone” brings up more than 9,000 listings of used smartphones from the likes of Apple and Samsung, all with the TikTok app already installed.

This is possible by the seller signing out of the iCloud or Google account associated with the device rather than wiping the phone back to factory settings. Any buyer would then need to be careful not to sync to any existing cloud backup, to avoid losing the app they’ve paid so much to get.

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Some of these phones are listed for as much as $50,000 under eBay’s Buy It Now selling format, but it’s hard to believe anyone could truly think their phone would sell for that—and there’s no sign that they have.

There are many more listed in the $2,000 to $5,000 range, but as to whether anyone is actually buying them at this price, it still seems unlikely.

What can be said is that, in spite of the inflated prices, there is interest. These phones are selling, but for exactly how much is harder to ascertain. Select the “sold” filter on eBay’s search and there are plenty of sales that appear to be completed, but pretty much all of them have an undisclosed “best offer accepted” note connected to them.

Any finished auctions with incredibly inflated prices look to have been relisted shortly after, suggesting an unsuccessful sale, with only those that sit at close to market value for secondhand phones looking to have actually sold.

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A quick glance at auctions that are currently running also show much more reasonable prices than an initial search might suggest.

The true impact of any TikTok premium is somewhat unclear, then, but that isn’t stopping people from trying. Results for the TikTok phone search term went up by over 2,000 items during the course of writing this article—a sense of urgency no doubt pushed along by the fact the app could be returned to the app stores at any time.

At the moment, a TikTok search on either app store is met with statements from Google and Apple citing legal requirements as the reason the app is not available on their stores. This is despite Trump’s executive order clearly instructing the Department of Justice to “take no action to enforce the Act or impose any penalties against any entity for any noncompliance with the Act.”

Whether TikTok reappears before the 75 days is up remains to be seen—as does any deal Trump cuts in the meantime—but those exiled are not completely without options. This week, thousands of users have flocked to another Chinese-owned social media platform, RedNote, leaving the app scrambling to hire English moderators.

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Meta, which owns Facebook and Instagram, has also been doing its bit to take lost TikTokers under its wing, introducing a flurry of new familiar features and even offering big influencers as much as $5,000 to join its platforms.

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HMRC overhaul to save pensioners from ‘overpaying tax’

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HMRC overhaul to save pensioners from 'overpaying tax'

HM Revenue and Customs (HMRC) has announced plans to improve tax code processing for new private pension recipients starting from April 2025, aiming to ensure people pay the correct amount of tax from the beginning of their pension payments.

The tax authority will implement automatic updates for customers on temporary tax codes who would benefit from being moved to a cumulative code.


This latest move from HMRC is designed to help pensioners avoid both overpayments and underpayments of tax, eliminating the need for adjustments at the end of the tax year.

Customers will not need to contact HMRC about these changes, as the process will be entirely automatic.

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Going forward, HMRC will notify affected customers either by letter or through digital channels if they have opted for paperless communications via the HMRC app or online services.

Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.

Pensioner on telephone

Private pensions could be taxed less under HMRC changes

GETTY

The tax authority has assured that pension providers will not need to alter their tax coding processes, as HMRC will handle all adjustments automatically as part of its services.

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Providers will receive notifications when tax codes have been automatically adjusted for their customers.

The new system is expected to reduce the number of tax code error queries that pension providers receive.

Myron Jobson, a senior personal finance analyst at interactive investor, welcomed the change, calling it “a significant step forward in simplifying what can often be a confusing process”.

Pensioner looks worried at tax statementPensioners are worried about a potential looming tax raid GETTY

“For too long, pensioners have borne the brunt of systemic inefficiencies, with many unknowingly overpaying tax and waiting months for refunds,” he said.

Jobson added: “This change not only ensures that pensioners are taxed more accurately in real time but also reduces the financial and emotional stress of overpayment.”

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The scale of the current tax code issues was highlighted by recent HMRC figures, which showed the tax authority processed refunds totalling £49,514,458 between October and December 2024.

This substantial sum in refunds over just three months demonstrates why the upcoming changes to tax code processing have become necessary. HMRC emphasised that this automatic tax code update system is part of their broader commitment to enhancing customer service experience.

The change aims to deliver immediate benefits to customers, ensuring they receive the correct pension payments more quickly. This improvement represents one component of HMRC’s wider initiative to streamline services for taxpayers.

Sir Steve Webb, a former pensions minister and partner at LCP, praised the tax authority’s latest move as a “victory in a 10-year campaign to end the scandal of over-taxed pensions”.

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He explained: “It is great news that, at long last, HMRC has listened to the voices of ordinary taxpayers and changed this scandalous system.

“For too long, hundreds of thousands of people have been overtaxed and had to jump through hoops to claim back their own money.

“This new system should mean that far more people are quickly moved on to the correct tax code and no longer end up with an overpayment of tax.

“The tax system is complex enough as it is, and this change should hopefully reduce the complications which pension savers face when they try to access their hard-earned cash.”

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Tumblr’s experimental GIF feed finally launches after 10 years

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Tumblr’s experimental GIF feed finally launches after 10 years
Illustration featuring the Tumblr wordmark logo
Illustration: The Verge

Tumbler has finally launched Tumblr TV as a new tab at the top of its app, the company said today in a brief set of update notes spotted by TechCrunch. Tumblr TV first debuted as a GIF-finding feature in 2015, but now it includes video content as well.

Screenshot of a person holding a cat in a Tumblr TV video.
Screenshot: Tumblr TV

According to Tumblr, “New users will have this tab enabled by default in the third position, while existing users will have it available in the Dashboard Tabs configuration, if not already enabled.”

When you tap the Tumblr TV tab, you’ll see a grid of videos and GIFs. Once you tap one, you can like, comment, repost, or share it, and when you’re ready to see something else, you can swipe up to move on.

In my very brief testing, it’s still very GIF-heavy despite the inclusion of video and a swipe interface similar to other short-form video apps.

It could be tempting to compare Tumblr TV to TikTok, especially in light of its recent shutdown, but right now, it’s more like scrolling a group text full of GIFs.

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