Daily | Cantor will cooperate with SoftBank and Tether to form a $3 billion crypto joint venture; Galaxy Digital will replace $100 million ETH with SOL
Reprinted from chaincatcher
04/23/2025·23DCompiled by: Jerry, ChainCatcher
Important information:
- Cantor to launch a $3 billion crypto joint venture with SoftBank and Tether
- Trump: No intention to fire Powell, calling for Fed rate cuts
- Galaxy Digital exchanges $100 million ETH for SOL, and major adjustments to the on-chain data display strategy
- Trump: China tariffs will drop sharply, but will not drop to zero
- Malaysian Prime Minister Meets with Binance Founder Changpeng Zhao, aiming to promote blockchain and tokenization adoption
- Bloomberg: U.S. strategic bitcoin reserves may release details in the coming weeks
- New US SEC Chairman: Will ensure that the US becomes "the best and safest place in the world" in terms of encryption
“What important events have happened in the past 24 hours”
Cantor to launch a $3 billion crypto joint venture with SoftBank and Tether
According to FT, three people familiar with the matter revealed that Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is working with SoftBank, Tether and Bitfinex to create a multi-billion-dollar Bitcoin acquisition platform. The platform raised $200 million in January and will use the funds to create a new company called 21 Capital, which will receive $3 billion worth of Bitcoin from other investors and companies. Tether will invest $1.5 billion in Bitcoin, while SoftBank and Bitfinex will invest $900 million and $600 million respectively.
Trump: No intention to fire Powell, calling for Fed rate cuts
U.S. President Trump said in his inauguration ceremony at the SEC President Atkins on Tuesday local time that he had no intention of firing Fed Chairman Powell, although he was disappointed that the Fed did not cut interest rates faster.
"Never," Trump told reporters, "the media always messed up things. I don't plan to fire him. I want to see him be more aggressive in the idea of lowering interest rates." Trump said, "Grocery prices have fallen, everything is falling. The only thing that hasn't dropped but hasn't risen much is interest rates." Trump said, "We think the Fed should lower interest rates, and now is the perfect time. We hope our chairman can (cut interest rates) early or on time, rather than being late." Trump also said that the stock market has risen well.
According to CoinDesk, Galaxy Digital, owned by Mike Novogratz, transferred 65,600 ETH (about $105 million) to Binance in the past two weeks and withdraws 752,240 SOL (about $98.37 million), which is suspected of significantly adjusting its asset structure.
The move comes amid a backdrop of ETH falling nearly 20% in the past month and SOL rising about 8%. Standard Chartered Bank's recent report pointed out that ETH faces a "structural downturn" and lowered its year-end target price.
Galaxy currently still holds about $87.9 million worth of ETH and $23.86 million worth of SOL, according to Arkham data. The Solana ecosystem continues to expand, with DEX trading volume exceeding US$500 billion in three months, far exceeding Ethereum's US$400 billion, and the number of active addresses has exceeded 220 million.
Trump: China tariffs will drop sharply, but will not drop to zero
According to Sohu News, US President Trump said that the current high tariffs on China will drop significantly, but will not reach zero. He will adopt a friendly attitude in negotiations with China, rather than a tough one.
Earlier, U.S. Treasury Secretary Bescent said at a closed-door investor meeting that the Sino-US trade war is unsustainable and he expects the trade war to ease. Affected by this statement, the US stock market rebounded sharply.
Malaysian Prime Minister Anwar Ibrahim met with Binance founder Changpeng Zhao to promote blockchain and tokenization adoption. The meeting highlights Malaysia’s goal to become a regional blockchain innovation hub. Anwar promises to work closely with regulators to establish a favorable legal framework to support and drive the development of digital assets. The visit is part of Zhao Changpeng's strategy to strengthen relations with emerging markets in terms of digital financial policies.
Bloomberg: U.S. strategic bitcoin reserves may release details in the coming weeks
Trump signed an executive order in early March this year to propose the establishment of national-level Bitcoin reserves and other tokens strategic reserves, and required the Treasury Secretary to submit an assessment report on the legal and investment feasibility of the plan within 60 days. It is less than two weeks away from the 60-day deadline set by Trump's executive order, which means that more details of the US Bitcoin reserves will be disclosed soon. The market's expectations for this may be one of the important catalysts for the recent rebound in crypto assets. In addition, any remarks questioning the independence of the Federal Reserve have also had a positive spillover effect on Bitcoin.
According to ibtimes, Paul Atkins, the new US SEC chairman, said in his inaugural speech that his top priority during his tenure as chairman is to provide a solid regulatory foundation for digital assets through a reasonable, coherent and principled way, and he promises to transform the digital asset supervision method of financial regulators into a "rational" way. We will work to ensure that the United States is "the best and safest place in the world" in terms of crypto operations and activities.
“What are some great articles worth reading in the past 24 hours”
Will Upexi's aggressive entry start a new wave of value for Solana?
Behind a $3 billion Bitcoin investment cooperation is the in-depth linkage between veteran investment banks, crypto giants and political resources.
Arthur Hayes: Trump tariffs trigger avalanche in markets, Bitcoin bottom has emerged
Trump's tariff policy triggers a market avalanche, Trump's tariff policy triggers a market avalanche, and Bitcoin has become the direct beneficiary of the injection of currency liquidity, leading the market recovery, and the altcoin season may usher in the future.
Circle releases the "Stablecoin Payment Network" white paper
Circle is building an open technology platform focused on USDC.
Is Google 's MCP protocol the golden communication standard for the development of Web3 AI Agent?
The intuitive feeling is "not adapting to the local environment".
This statement aims to calm market tensions and also marks a clear change in Trump's attitude.
Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of April 23, 19:50:
The top five popular Ethereum tokens in the past 24h are: SPX, NEIRO , MOONKIN, ATX, Mog
The top five popular tokens in the past 24h are: SOL2, CAPY, Fartcoin, NFTLX , REVS
The top five popular tokens in the past 24h Base are: VIRTUAL, PUCHI, USDT, BRETT, EURC
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