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Bitcoin continued it torrid trading streak, flirting with $94,000 on Wednesday morning, despite a robust stock market rally. Some investors have been pulling money out of stocks and stashing them in gold and crypto, which have sent the values of both soaring.

Powell, a speaker at Consensus 2025, sat down with CoinDesk to chat about his work on the blockchain capital platform, its expansion in Asia and Latin America, focus on bitcoin yield products, and more.

(Reuters) -Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump. The deal, announced on Wednesday, has blank-check vehicle Cantor Equity Partners merging into newly formed Twenty One Capital. The combined vehicle is valued at $3.6 billion, based on a bitcoin price of nearly $85,000 and Twenty One launching with more than 42,000 bitcoins, which will make it the world's third-largest bitcoin treasury, Twenty One said.

The funds will be used for strategic initiatives and general corporate purposes, and cash drawn from the line will carry at least a 7.75% interest rate.

Stocks like NVDA, V, ACN and HIVE are poised to gain when Bitcoin resumes its rally.

Hopes of some sort of clear regulatory framework by June "may have been a bit optimistic"

Bitcoin continued its recovery and topped the $94,000 mark as President Donald Trump softened his stand on China tariffs and the Fed chair.