I found my adblockers and Amazon Assistant disabled yesterday (so opened Chromium instead)
Extensions restored a couple of hours later.
Everything worked but was littered with annoying adverts all over the place, something I normally never see.
Chromium unaffected but I see that Google have hinted that they will disable extensions, primarily adblockers.
Not too sure what to suggest there except to try a different browser - Chrome or Opera perhaps.
Clear your cache, cookies, temporary files, internet files etc.
If you haven’t got it, try CCleaner but be careful where you get it from - I used to use filehippo.
I currently use Bleachbit (on Linux machines) but haven’t used Windows for years so don’t know how it would work on a Windows machine.
Either will need some configuration but aren’t difficult.
So you’ve already done a Refresh. That eliminates a whole host of problems. It’s not the fact that you upgraded from such an old version, or that your profile was broken.
You mention GIFs, but I note that many GIFs are not actually GIFs, especially the ones on sites like Reddit. They convert their gifs into much smaller video files. So the problem may just be videos.
Since you didn’t mention it, I’ll recommend the most basic: Restart your computer. Don’t choose Shutdown, but Restart. This will completely reload Windows. Then try again.
After that, first thing I’d suggest trying is disabling hardware decoding for videos. You can do this with a setting in about:config. Type that URL into the address and press Enter, and click through any “I’ll be careful” screen. Then type in media.hardware-video-decoding.enabled, and try setting that to false, and then restart Firefox. See if videos will play now.
If that doesn’t work, next would be to disable hardware acceleration altogether. Open your preferences, and type “Hardware” into the search. Then uncheck “Use recommended performance settings” and then uncheck “Use hardware acceleration when available” when it shows up. Restart Firefox to be sure, and try videos again.
If neither of those work, then I can only recommend an additional check: Open up Internet Explorer, and try to watch videos using that. If videos play there, then the problem almost certainly is with Firefox. The only thing I can recommend then is to try a different browser. Chrome basically has extension parity with Firefox, and it will import your bookmarks and stuff, so you may be able to use that to get back up and running.
Malware is not impossible, but this isn’t a typical presentation. But running a scan with your antivirus wouldn’t hurt, too.