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Cantor Equity Partners (CEP) News: 4,812 Bitcoin Purchased

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Cantor Fairness Companions (CEP) disclosed a $458.7 million bitcoin BTC$104,280.23 acquisition as a part of a pending merger with Twenty One Capital, the BTC-focused funding car backed by Tether, Bitfinex, and SoftBank, in accordance with a regulatory filing on Tuesday.

The transaction is structured via a fancy enterprise mixture involving Tether Investments, the El Salvador affiliate of stablecoin issuer Tether, and iFinex, the dad or mum firm of Bitfinex, the submitting reveals. As a part of the deal, Tether bought some 4,812 BTC at a median worth of $95,319, with the tokens held in escrow and later to be bought to the merged firm.

Blockchain knowledge reveals that the escrow wallet, disclosed within the submitting, obtained the tokens from a Bitfinex scorching pockets on Could 9. The pockets’s bitcoin holdings are price $500 million at present costs, in accordance with Arkham knowledge.

(Arkham)

(Arkham)

Twenty One Capital is being launched by Brandon Lutnick—the son of U.S. Commerce Secretary and Cantor Fitzgerald chairman Howard Lutnick—by way of a SPAC construction utilizing Cantor Fairness Companions. The corporate will probably be led by Strike CEO Jack Mallers and majority-owned by Tether and Bitfinex’s dad or mum firm, iFinex. SoftBank will take a major minority stake, the businesses stated

The corporate stated it plans to have greater than 42,000 BTC at launch.

CEP shares are greater by 3.7% in after hours buying and selling.

Learn extra: Strike CEO Mallers to Lead Bitcoin Investment Company Backed by Tether, Softbank, Brandon Lutnick



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Crypto News

Aave Expands to Sony Backed Soneium L2

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sonyssdAave has deployed its decentralized finance protocol on Soneium, an Ethereum layer two (L2) developed by Sony Block Options Labs. Sony’s Soneium Welcomes DeFi Large Aave to Its L2 Community Aave, a serious decentralized finance (defi) protocol, has launched on Soneium, a brand new Ethereum L2 developed by Sony Block Options Labs, a three way partnership between […]

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Why VCs should care about TechCrunch All Stage 2025

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Let’s be trustworthy: Most occasions aren’t constructed for VCs — they’re constructed round VCs. Panels, keynotes, possibly just a few startups price watching, and a sea of enterprise playing cards you’ll neglect by dinner.

TechCrunch All Stage 2025 flips that script, after we replenish Boston’s SoWa Energy Station on July 15. This isn’t simply an opportunity to talk onstage and bounce — it’s a chance to attach with high-caliber founders, early-stage operators, and different buyers who’re laser-focused on execution. If you happen to’re seeking to broaden your deal circulate, spot ignored sectors, and meet the subsequent breakout group earlier than their Sequence A memo is half written, that is the room to be in.

And now’s a greater time than ever to snag a ticket — we have a limited-time $200 discount on Investor passes, which provide the full entry to our listing of founders, our full lineup of occasions and audio system, plus session docs and recordings for future reference.

The perks of being a VC at TechCrunch All Stage

  • Curated networking alternatives (sure, truly helpful)
  • Entry to founder-focused classes that present you what startups are actually coping with
  • A extra intimate, one-day format — no filler, no fluff

And our lineup of speakers aren’t resting on their laurels or their status. Everybody onstage is sharing their playbooks, errors, and what they need extra founders knew:

Founders are coming to All Stage to be taught, construct, and develop — however that is your probability to satisfy and establish those with the talents, the drive, and the innovation wanted to make your subsequent partnership and funding an enormous success.

Don’t miss out in your subsequent funding alternative — be a part of us July 15 at SoWa Energy Station in Boston. Register now!

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Guggenheim Tokenizes Commercial Paper on XRP Ledger

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US funding supervisor Guggenheim is increasing its digital industrial paper providing by way of a partnership with Ripple, underscoring the rising convergence between conventional finance and crypto-native enterprises.

Underneath the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Providers, will make its US Treasury-backed fixed-income asset accessible on the XRP Ledger, in keeping with Bloomberg. Ripple will make investments $10 million within the asset as a part of the collaboration.

The industrial paper product is totally backed by US Treasurys with custom-made maturity choices of as much as 397 days. 

RippleX govt Markus Infanger advised Bloomberg that the product may be made accessible for buy utilizing Ripple’s US dollar-pegged stablecoin, RLUSD. Since its launch in December, RLUSD’s circulating provide has surpassed $350 million. 

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RLUSD primarily operates on the Ethereum community and XRP Ledger. Supply: RWA.xyz

The Ripple partnership isn’t Guggenheim’s first foray into the cryptocurrency sector. As previously reported by Cointelegraph, Guggenheim tokenized its $20 million industrial paper providing on the Ethereum blockchain in September 2024. 

Associated: Dubai regulator greenlights Ripple’s RLUSD stablecoin

Wall Road eyes RWA tokenization

Tokenization is quickly gaining momentum on Wall Road, as main monetary establishments acknowledge the advantages of enabling real-world belongings (RWAs) to be traded onchain.

Among the many most notable developments is the tokenization of cash market funds, exemplified by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), Franklin Templeton’s OnChain US Authorities Cash Fund, and Constancy’s tokenized US greenback cash market fund.

Crypto-native corporations are additionally broadening entry to tokenized belongings for a wider investor base. 

As Cointelegraph reported, German tokenization protocol Midas just lately launched a tokenized Treasury invoice on the Algorand blockchain. Not like BUIDL, which requires a minimal funding of $5 million, Midas’ product has no funding minimums, making it accessible to extra buyers.

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Tokenized US Treasurys have amassed greater than $7 billion in worth. Supply: RWA.xyz

In the meantime, blockchain-focused enterprise agency Soar Crypto just lately made an undisclosed investment into Securitize, the tokenization platform behind BlackRock’s BUIDL.

Securitize has amassed greater than $4 billion in onchain belongings, with BUIDL accounting for almost $3 billion.

Associated: BlackRock ‘BUIDL’ tokenized fund triples in 3 weeks as Bitcoin stalls