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🌙 Cantor Teams With SoftBank, Tether, Bitfinex on Possible $3B Bitcoin Deal

The vehicle wants to follow MicroStrategy's success as a public Bitcoin-focused company.

Author

Mike Gavela
April 23, 2025

Crypto Roundup - April 23

A wave of bullish momentum continues to propel Bitcoin upward, as it surpasses Google in market capitalization to become the fifth-largest asset globally. Institutional involvement is deepening, with reports of a potential $3 billion Bitcoin deal involving Cantor Fitzgerald, SoftBank, Tether, and Bitfinex. Analysts remain cautiously optimistic, noting strong fundamentals but warning of overheated signals that could lead to short-term corrections even as the broader trend remains upward.

Top Stories

  • Bitcoin surpasses Google's market cap, becoming the fifth-largest global asset with a valuation over $1.93 trillion.

  • Cantor, SoftBank, and Tether reportedly explore a $3B Bitcoin acquisition, signaling deep institutional interest.

  • Analysts warn of overextension, but emphasize Bitcoin’s resilience and continued inflows as key bullish indicators.

TOP STORIES

Cantor Teams With SoftBank, Tether, Bitfinex on Possible $3B Bitcoin Deal: Report - Decrypt

Brandon Lutnick, son of Howard Lutnick, will lead 21 Capital, a new SPAC aiming to capitalize on Bitcoin's growth.

decrypt.co/315868/cantor-teams-with-softbank-tether-bitfinex-on-possible-3b-bitcoin-deal-report

BTC Climbs to Fifth Largest Asset Globally, Surpasses Google's Market Cap

Bitcoin surpasses Google in market cap as crypto breaks out against tech and key benchmarks.

www.coindesk.com/markets/2025/04/23/bitcoin-becomes-fifth-largest-global-asset-surpasses-google-s-market-cap

Is BTC in ‘up only’ mode after rising above $94K?

"Bitcoin does not require a strong equity rally to move higher," YouHodler markets chief Ruslan Lienkha said.

blockworks.co/news/can-btc-sustain-up-only-mode

FUNDRAISING

DWF Labs Partners with Mask Network to Accelerate the Future of Decentralized Social Infrastructure

DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.

www.dwf-labs.com/news/545-dwf-labs-partners-with-mask-network-to-accelerate-the-future-of-decentralized-social-infrastructure

OTHER HEADLINES

TRUMP Memecoin Surges 60% After Unveiling Presidential Dinner for Top Holders - "The Defiant"

The “$TRUMP Dinner” page was added to the official TRUMP memecoin website today, less than a week after $300 million worth of team token unlocks.

thedefiant.io/news/markets/trump-memecoin-surges-60-after-unveiling-presidential-dinner-for-top-holders

Jerome Powell has been good for bitcoin, and Trump says he won’t fire him

Yesterday afternoon, BTC rallied $2,400 in 15 minutes on the news that Donald Trump wouldn't fire US Federal Reserve Chairman Jerome Powell.

protos.com/jerome-powell-has-been-good-for-bitcoin-and-trump-says-he-wont-fire-him

Forget altseason, 70% of hedge funds see Bitcoin dominance soaring

Hedge funds expect Bitcoin’s dominance to rise in the next six months. The amount of managers who see Bitcoin’s command rising is triple from 2024. There's three reasons behind the thesis.

www.dlnews.com/articles/markets/report-shows-hedge-funds-fading-altcoins-for-bitcoin

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