Business

Photo: Edouard H.R. Gluck Key Takeaways Twenty One Capital, backed by Tether and SoftBank, aims to accumulate over 42,000 Bitcoin. The company will develop Bitcoin-native financial products under the ticker symbol XXI. Share this article Twenty One Capital, Inc., a Bitcoin-centric venture, is launching with backing from Tether, SoftBank, and Cantor Fitzgerald, according to a […]

In a team-up of crypto and TradFi giants, Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group announced Wednesday that they will team up to launch Twenty One, a publicly traded, Bitcoin-centric company that plans to launch with a treasury of more than 42,000 BTC—or about $3.9 billion worth. Tether and Bitfinex will be majority owners, with

In brief Hex founder Richard Heart has claimed victory over the SEC in his securities fraud case. The regulator failed to file an amended complaint after a federal judge dismissed the case in February. Heart remains the subject of an Interpol red notice over charges of tax fraud and assault. Richard Heart says he has

Key Takeaways Cantor Fitzgerald collaborates with SoftBank, Tether, and Bitfinex for a $3 billion Bitcoin investment venture. The venture involves creating Cantor Equity Partners and replicating MicroStrategy’s crypto investment strategy. Share this article Brandon Lutnick, the son of US Commerce Secretary Howard Lutnick and Chairman of Cantor Fitzgerald, is teaming up with SoftBank, Tether, and

In brief Brandon Lutnick’s 21 Capital will receive $3 billion pooled from SoftBank, Tether, and Bitfinex The vehicle wants to follow MicroStrategy’s success as a public Bitcoin-focused company Partners will convert Bitcoin contributions to shares at a $85,000 per coin valuation. Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is creating a multibillion-dollar Bitcoin

Key Takeaways Trump Media is launching ETFs with Crypto.com focusing on digital assets and American industries. The ETFs will be available globally pending regulatory approval, enhancing TMTG’s financial services strategy. Share this article Trump Media and Technology Group (TMTG), which operates Truth Social, has sealed a deal with Crypto.com and Yorkville America Digital in a

In brief The Full Federal Court of Australia ruled that Block Earner’s crypto lending product was a fixed-term loan arrangement, not a financial product. An appeal from the regulator ASIC to impose penalties on Block Earner was dismissed. The decision sets a precedent for regulating crypto under existing Australian financial laws. The Full Federal Court

In brief Circle has launched a new payments platform to enable 24/7 real-time global money transfers using USDC and EURC stablecoins. The Circle Payments Network (CPN) aims to replace slow, costly cross-border payments with programmable, secure, always-on digital settlement. Backed by over 20 design partners, CPN targets invoice payments, remittances, treasury services and payroll. Circle,

In brief Publicly traded consumer products firm Upexi announced a $100 million funding round on Monday. The funds will primarily be used to establish and fuel a Solana treasury reserve. Shares in Upexi skyrocketed Monday, finishing the day up 335%. Publicly traded company Upexi plans to create a Solana corporate treasury, using more than $90