According to market data, BTC broke above $121,000 and is no | WuBlockchain on Binance Square

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According to market data, BTC broke above $121,000 and is now trading at $120,759, up 2.54% on the day.

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BTC

117,361.64

-2.16%

167

0

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According to the Financial Times, Cantor Equity Partners 1, a SPAC backed by Cantor Fitzgerald, is in advanced talks with Blockstream founder Adam Back on a deal exceeding $4 billion. Back would contribute over 30,000 BTC—worth more than $3 billion—in exchange for shares, with the vehicle to be renamed BSTR Holdings. The deal also includes plans to raise up to $800 million in additional capital.

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Just in: House Republicans failed to pass a procedural motion that would have allowed consideration of several crypto-related bills and the defense appropriations bill, with the vote tally at 196 in favor and 222 against. Members of the House Freedom Caucus opposed the move due to the bundling of the GENIUS Act with other crypto legislation.

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GameStop CEO Ryan Cohen told CNBC the company will pursue its own “unique strategy” rather than continually accumulating Bitcoin like Strategy. He added that GameStop is exploring crypto payments for trading cards and will assess the viability of various major cryptocurrencies.

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The U.K. government plans to advance the use of distributed ledger technology (DLT) and tokenization in wholesale markets, forming cross-market groups to support real-world implementation. As part of this strategy, regulators will test payment innovations—including tokenized deposits and stablecoins—within the digital securities sandbox.

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According to CNBC, JPMorgan Chase CEO Jamie Dimon said on the earnings call that despite his skepticism toward stablecoins, the bank will participate in efforts involving both the JPMorgan deposit coin and stablecoins amid rising fintech competition. Citigroup executives on the same day said they are considering issuing a Citi stablecoin and are exploring tokenized deposits and crypto custody opportunities.

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Latest News

Bitcoin(BTC) Surpasses 117,000 USDT with a Narrowed 2.47% Decrease in 24 Hours

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U.S. House Fails to Pass Key Motion, Stalling Crypto Legislation

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Vanguard Becomes Largest Shareholder of MicroStrategy Amid Bitcoin Skepticism

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New Zealand Woman Accused of Murdering Mother Amid Crypto Investment Scandal

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Citigroup Explores Stablecoin Issuance Possibilities

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