Cryptonews

According to the ever-credible Financial Times (because we all know they never get anything wrong, right?), Cantor Fitzgerald is pooling its vast resources to launch a Bitcoin SPAC that will likely either make or break them. The cavalry? SoftBank, Bitfinex, and Tether—three entities that are not exactly known for playing small. SoftBank’s slinging a $900 million capital injection into the mix, Bitfinex chimes in with $600 million, and, oh, Tether just casually throws $1.5 billion worth of Bitcoin into the pot. No biggie. 🤡

In the last 24 hours, Ether (ETH) jumped nearly 15% to flirt with the $1,800 mark on April 23. Meanwhile, Bitcoin politely climbed 6%, and the broader crypto circus managed a modest 5% lift, nudging the overall market cap back to a hefty $3 trillion. Yes, trillion, with a “t”—not just for causing existential dread but for big numbers.

According to the fabled archives of Coinglass, XRP’s open interest hovers at a princely $3.3 billion—nay, less than the grandiose heights of $7.87 billion it dared touch in January of 2025. A fall of nearly half since then—a tragedy worthy of Molière himself! Such decline in but three moons.

The contract, forever tethered to the USDT stablecoin, like a peasant to his lord, and linked to the DeepBook token (DEEP), shall commence its fleeting existence at 11:30 AM UTC. A grand spectacle, no doubt. It will then be absorbed into Binance’s Futures Copy Trading feature, within a day. Users, those eager sheep, can then imitate the “strategies” of the so-called top-ranked futures traders. A comedy in the making. 🎭

Bitcoin, the crypto that once seemed like a wild party any economist would avoid, is suddenly acting like it actually cares about politics and macroeconomic drama. You can almost hear it whispering, “Yeah, I’m paying attention now.”

The vehicle, named with unabashed Wall Street flair as Cantor Equity Partners (because “Something Cryptic LLC” was taken), raised a modest $200 million in January, and will spawn a new entity called 21 Capital. This entity will waltz around with $3 billion worth of bitcoin — a sum so dizzying that even a Moscow night might pale in comparison. The grand scheme cleverly mimics MicroStrategy’s bitcoin soap opera, turning those digital coins into cold, hard equity, priced at a fantasy $85,000 a pop.

From your grandma’s knitting circle to full-throttle vehicular mayhem on the blockchain! If you thought racing games were just about dodging banana peels, think again. This is a fast-paced, pixelated demolition derby where your car doubles as a missile launcher and, yes, it’s delightfully Web3.

Having gathered breath and wit above $580, BNB surged past the $595 and $600 thresholds like a hopeful poet breaking form. In tandem with its comrades Ethereum and Bitcoin—those grand players in this financial drama—it even flirted with the heady heights of $610.

“Plaintiff Securities and Exchange Commission provides this notice that it does not intend to file an amended complaint in this matter,” declared the regulator’s lawyer, Matthew Gulde, in a letter to New York District Court Judge Carol Bagley Amon. A letter, mind you! As if the fate of a billion dollars could be settled with a mere scribble. ✍️

Today, a modest 5.8 million PI tokens are unlocking—little peanuts, really—while the real tsunami, a whale-sized 223 million tokens, is scheduled to dump its load in the next 30 days. If you’re wondering how this affects the price, think of it like tossing a giant bucket of ice water on a hot stock—spoiler alert: it’s chilly.