Wall Street firm Cantor Fitzgerald has acquired a 5% stake in Tether for up to $600 million while launching a $2 billion Bitcoin lending program, marking a major fusion of traditional finance with cryptocurrency markets.

Howard Lutnick, the powerhouse behind Cantor Fitzgerald, is officially stepping away from all his business roles. With his nomination as Commerce Secretary under President-elect Donald Trump, Lutnick is clearing the deck.

Tether issued an additional $3 billion in USDT tokens in November, with $2 billion minted on Ethereum and $1 billion on the Tron network.

Tether mints $3 billion in USDT, boosting crypto market liquidity and potentially signaling bullish momentum.

Tether may take part in Cantor's multi-billion dollar bitcoin financing program. The latter already owns a 5% stake in Tether and custodies its U.S. Treasuries.

From November 8, the crypto company has minted about 13 billion dollars of stablecoins.

US President-elect Donald Trump's nominee for Commerce Secretary, Howard Lutnick, is reportedly exploring a $2 billion bitcoin-backed lending initiative in collaboration with Tether, the issuer of the world's largest stablecoin, according to Bloomberg.

Tether, the world's largest stablecoin issuer, has minted over $3 billion in USDT in the past 24 hours. This action accumulates the company's mint in a month.

Cantor Fitzgerald is deepening its crypto ties as its chief prepares to assume his role as Commerce Secretary after Trump's nomination.

Wall Street powerhouse Cantor Fitzgerald plans to launch a multibillion-dollar lending program using bitcoin as collateral, potentially reshaping crypto-backed financing and deepening ties with Tether Holdings.

According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.

According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.

Financial services firm Cantor Fitzgerald, which serves as Tether's banking partner, is looking to work with the stablecoin issuer on a program that will allow clients to borrow dollars against Bitcoin as collateral, Bloomberg reported on Sunday.

Cantor Fitzgerald, a prominent US financial services firm, is expanding its alliance with Tether, a key player in the digital asset industry and the issuer of the world's largest stablecoin.

Howard Lutnick, CEO and majority owner of Cantor Fitzgerald, has been nominated as Commerce Secretary by President-elect Donald Trump. Lutnick's potential appointment signals a possible pro-crypto shift in U.S. policy, given his involvement with blockchain and digital asset initiatives.

Howard Lutnick, CEO of Cantor Fitzgerald, is nominated as Commerce Secretary, which could affect U.S. crypto rules. His firm owns 5% of Tether and handles most of its reserves.

Tether's treasury mints 2 billion USDT tokens on the Ethereum network.

Financial services giant Cantor Fitzgerald has reportedly acquired a 5% stake in Tether, the world's largest stablecoin issuer, in a deal valued at up to $600 million. The post Cantor Fitzgerald Acquires 5% Stake in Stablecoin Issuer Tether, Valued up to $600M appeared first on Cryptonews.

Cantor Fitzgerald CEO Howard Lutnick, President-elect Trump's Commerce Secretary nominee, wants to launch a $2 billion project to lend dollars to clients against Bitcoin.

Howard Lutnick's Cantor Fitzgerald reportedly seeks to strengthen its financial ties with USDT issuer Tether.

U.S. President-elect Donald Trump's pick for Commerce Secretary, Howard Lutnick is in talks to deepen his financial ties with the company operating the world's largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday.

According to a Wall Street Journal (WSJ) investigation, Howard Lutnick, Trump's nominee for Commerce Secretary and current presidential transition adviser, maintains significant business connections with cryptocurrency giant Tether through his firm Cantor Fitzgerald.

The acquisition could strengthen Tether's market position, potentially impacting global stablecoin dynamics and U.S. economic policy influence. The post Cantor Fitzgerald, led by Trump's Commerce secretary nominee, struck deal to acquire 5% stake in Tether appeared first on Crypto Briefing.

President-elect Donald Trump recently nominated Cantor CEO Howard Lutnick for Commerce Secretary.

Cantor Fitzgerald will acquire a 5% ownership stake in Tether, strengthening its role as a key banking partner managing a significant portion of Tether's U.S. Treasury portfolio.

The report comes four days after Cantor Fitzgerald's CEO Howard Lutnick was appointed as President-Elect Donald Trump's Secretary of Commerce.

The report comes five days after Cantor Fitzgerald's CEO Howard Lutnick was appointed as President-Elect Donald Trump's Secretary of Commerce.

President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, to be the next Secretary of Commerce. Lutnick, a Wall Street figure and a vocal supporter of Trump, is expected to play a key role in shaping the administration's economic agenda.

Tron (TRX) is enjoying a significant surge in the crypto markets right now. The 10th largest cryptocurrency by market capitalization posted a new 6-year high above $0.21 earlier today.

The price of TRON (TRX) has continued to rise, surpassing the historic milestone of $0.18 on April 12, 2021.

Solana (SOL) has recorded a new all-time high (ATH) of $262, marking a historic recovery after three years of tumultuous price action. Notably, the token had once fallen as low as $8 at the peak of the FTX exchange collapse and the ensuing crypto bear market.

Tron Founder Justin Sun proves money can't buy taste - unless it's a $6.2 million banana.

TRON has broken key resistance levels, with technical indicators and liquidations supporting the bullish momentum.

Tron's (TRX) rally to $20 and higher is a question of "simple math," Justin Sun ironically commented on X. Meanwhile, the crypto is actually rocketing; the TRX price is one step away from its all-time high despite the altcoin season lagging.

Justin Sun, the founder of the TRON blockchain platform, recently made headlines with an unexpected acquisition—Maurizio Cattelan's infamous artwork "Comedian," which features a banana duct-taped to a wall.

Tron price continued its strong momentum this week and reached an all-time high, pushing its market cap to over $17 billion. Tron (TRX) surged to a record high of $0.

Tron price has gone parabolic, rising for two consecutive weeks and reaching its all-time high of $0.2067. It has soared by over 350% from its lowest point in 2022, bringing its market cap to over $17 billion, making it the eleventh-biggest cryptocurrency in the industry.

TRON (TRX) has been enjoying a significant resurgence this November, with its price making impressive gains, and the network showing strong performance across several key metrics. While the token's price increase is drawing attention, it is the dominance of USDT (Tether) on the TRON network that could be setting the stage for further growth.

TRON's Justin Sun drops $6.2M on a banana taped to a wall, proving crypto kings have a wild sense of artistic humor.

A cryptocurrency user has miraculously recovered $129 million in USDT after falling victim to a phishing attack. This unprecedented event, originally reported by Wu Blockchain, highlights both the risks inherent in digital asset transactions and the extraordinary circumstances behind the return of the funds.

TRON's November recovery means the network is in a good position right now.

As crypto grows, so does the list of complex terms to understand — like utility tokens.

A crypto whale narrowly avoided a $129 million USDT loss after falling victim to a phishing scam on the TRON blockchain. Blockchain security firm Scam Sniffer reported the incident on Nov. 20, detailing how the stolen funds were unexpectedly returned within hours.

A crypto investor lost a substantial amount of USDT tokens to a phishing address but eventually witnessed a return of the funds hours later.

The story of a user who unwittingly sent $129 million USDT to a phishing address and miraculously retrieved all the funds is truly unprecedented. Originally reported by Wu Blockchain, this case highlights the risks inherent in cryptocurrency transactions while presenting an extraordinary recovery scenario.

Binance launches a promotion for P2P users in Africa, offering up to 200 USDT in rewards for accurate BTC price predictions and completing P2P purchases.

World largest stablecoin issuer Tether has unveiled a real world asset tokenization platform that allows businesses to tokenize assets ranging from stocks, bonds, equities, loyalty points, and stable coin. According to a Nov.

Tron has experienced a sustained uptrend over the past month, putting 99.71% of TRX holders in profit.