Cantor Fitzgerald, a Wall Street firm, is launching 21 Capital with SoftBank, Tether, and Bitfinex, aiming to acquire $3 billion in Bitcoin to rival MicroStrategy’s 538,200 BTC treasury strategy, which has boosted its market cap to $91 billion by April 2025. The venture values Bitcoin at $85,000 per coin, with Tether contributing $1.5 billion, SoftBank […]
Tesla’s retention of 11,509 Bitcoin in Q1 2025, valued at over $1.07 billion, reflects a strategic hedge against inflation, as Bitcoin’s price hovered around $91,256 per coin, per Kraken’s data, despite a 3% year-to-date decline. Elon Musk’s decision to hold Bitcoin aligns with Tesla’s earlier crypto strategy; the company sold 75% of its 42,902 Bitcoin
he OCC’s April 2025 announcement allows U.S. banks to legally engage in crypto activities like custody, stablecoin reserves, and DLT payments, following a March 2025 policy shift that removed the need for prior regulatory approval, as reported by Reuters. This regulatory change reverses earlier caution, such as the 2023 OCC statement highlighting crypto volatility, and
Dutch bank ING is developing a new stablecoin with traditional finance and crypto firms, aligning with Europe’s MiCA regulations that require stablecoin issuers to hold an authorization license, as noted in a CoinDesk report from April 21, 2025. ING’s move reflects a broader trend of major banks entering the stablecoin market, following Société Générale’s lead,
Tom Lee, Fundstrat’s managing partner, appeared on CNBC on April 22, 2025, predicting Bitcoin’s growth to rival gold’s value, citing recent market deleveraging as a catalyst for this potential surge, aligning with his consistent bullish outlook on cryptocurrencies. The screenshot shows Bitcoin trading at $88,500, a 3.35% daily increase, with TradingView data indicating a 36.35%
Trump Media and Technology Group (TMTG), founded by Donald Trump in 2021, finalized a partnership with Crypto.com to launch “Made in America” ETFs, focusing on Bitcoin, cryptocurrencies, and “America-first securities,” as announced on April 22, 2025, following an initial report by Fortune Crypto on March 25, 2025. Cryptocurrency ETFs, like those TMTG plans to launch,
Trump Media officially finalizes partnership with Crypto․com to launch ETFs Read More »
Coinbase, a major U.S. crypto exchange, is exploring a federal bank charter to offer traditional banking services like deposits and loans, signaling a trend of crypto firms integrating with traditional finance amid evolving U.S. regulations. This move follows the U.S. Office of the Comptroller of the Currency’s 2021 conditional approval of a bank charter for
The X post captures a CNBC broadcast on April 22, 2025, claiming Bitcoin has decoupled from the Nasdaq, meaning its price movements are no longer closely tied to the stock market, a significant shift from their historical correlation of 0.805 as noted by Nasdaq’s Kevin Davitt. This decoupling is notable amidst recent market turmoil, with
CNBC JUST SAID BITCOIN IS OBVIOUSLY DECOUPLED FROM THE NASDAQ Read More »
The ECB fears that a surge in U.S.-backed stablecoins could lead to a flight of European capital into U.S. The European Central Bank (ECB) fears that Trump’s pro-crypto policies, particularly his support for U.S.-backed stablecoins, could destabilize Europe’s economy by causing a capital flight, as reported by POLITICO on April 22, 2025. Stablecoins, like USDT
Scott Bessent, sworn in as U.S. Treasury Secretary on January 28, 2025, emphasizes financial literacy, aligning with the Treasury’s Financial Literacy and Education Commission’s mission to promote informed financial decisions for Americans, established under the 2003 Fair and Accurate Credit Transactions Act. Bessent’s 40-year career in global investment, including roles as CEO of Key Square
Treasury Secretary Scott Bessent says, “Everyone should care about financial literacy.” Read More »
