db (@tier10k): *CANTOR NEARS $3B CRYPTO VENTURE WITH SOFTBANK AND TETHER: FT
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
*CANTOR NEARS $3B CRYPTO VENTURE WITH SOFTBANK AND TETHER: FT Brandon Lutnick is partnering with SoftBank, Tether, and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle, according to three people briefed on the matter. The vehicle raised $200M in January and will use the cash to create a new firm, called 21 Capital, which will receive $3B in bitcoin from the other investors and firms. Tether would contribute $1.5B of bitcoin, while SoftBank and Bitfinex would contribute $900M and $600M, respectively.