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Cantor nears $3 billion crypto venture with SoftBank and Tether, FT reports

The vehicle, Cantor Equity Partners, will use the cash to create a new firm, called 21 Capital. Tether would contribute $1.5 billion of bitcoin, while SoftBank and Bitfinex would contribute $900 million and $600 million, respectively, of the digital currency, according to the report. Howard Lutnick, the billionaire who was the CEO of Cantor for 40 years, stepped down last month to run President Donald Trump's commerce department.

Trump Media pushes forward with pivot to crypto, ETF plans

(Reuters) -U.S. President Donald Trump's social media firm, Trump Media & Technology Group, said on Tuesday it had reached a binding agreement to roll out an array of retail investment products, including crypto, in its latest bid to diversify into financial services. The plan, including a series of exchange-traded funds aligned with Trump's America First policies, followed news of a preliminary agreement reached last month between Trump Media and Crypto.com, a digital asset platform with ties to broker-dealer Foris LLC, and Yorkville America Digital, an affiliate of Yorkville Advisors, a New Jersey-based investment advisory and asset management firm.

Bitcoin rises 5% above $91,000

Bitcoin, the world's largest cryptocurrency, rose 5.01% to $91,713.49, after earlier breaking through the $90,000 for the first time since March as U.S. President Donald Trump's trade policies have rocked global markets.