Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Twenty One Capital had a $458.7 million worth of Bitcoin injection from Tether, VanEck is launching its first tokenized fund backed by US Treasurys, and Arizona Governor Katie Hobbs has vetoed bills aimed at creating a state Bitcoin reserve and enabling crypto payments.
Stablecoin issuer Tether bought $458.7 million worth of Bitcoin for Twenty One Capital on May 13, a Bitcoin investment firm it backed that’s working on a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners.
Cantor Equity Partners said in a regulatory filing that Tether scooped 4,812.2 Bitcoin (BTC) at $95,319 each and put it in an escrow wallet on May 9.
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