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Cantor Fitzgerald has partnered with Tether and SoftBank to launch a $3.6 billion crypto venture, merging Cantor Equity Partners with Twenty One Capital. This initiative will hold over 42,000 bitcoins, positioning it as the third-largest corporate bitcoin treasury globally, reflecting a shift in corporate treasury management towards viewing bitcoin as a legitimate asset class. The venture's timing aligns with a more favorable regulatory environment under the Trump administration, which is fostering institutional confidence in cryptocurrency.
Elon Musk and Scott Bessent engaged in a loud shouting match in the West Wing, reflecting their strained relationship. The altercation escalated over Bessent's criticism of Musk's cost-cutting efforts, leading Musk to label Bessent a "Soros agent," invoking an antisemitic conspiracy theory. Witnesses described the scene as chaotic, with a White House aide needing to intervene.
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is spearheading a $3 billion bitcoin acquisition vehicle, Cantor Equity Partners, with backing from SoftBank, Tether, and Bitfinex. Tether will contribute $1.5 billion, while SoftBank and Bitfinex will provide $900 million and $600 million, respectively. This venture marks a significant shift in traditional finance's integration with cryptocurrency, as Cantor Fitzgerald aims to leverage its expertise to offer Bitcoin-backed loans amidst evolving regulatory landscapes.
Crypto firms like Circle and BitGo are seeking bank charters as US regulations ease, signaling a shift towards legitimacy in the financial sector. With support from the Trump administration and new stablecoin legislation, traditional banks are also adapting, as firms aim to operate like conventional lenders. The regulatory landscape is evolving, allowing banks to offer crypto services under established rules, fostering a competitive environment for digital assets.
Steve Bannon, now operating from his Tuscan villa, remains a significant force in Washington politics, strategizing for Trump's potential 2028 run while dismissing speculation about his own candidacy. He critiques both mainstream media and figures like Elon Musk, whom he views as a threat to humanity, while advocating for a constitutional amendment process to support Trump's ambitions. Despite his controversial views, Bannon's influence persists, as he engages with both allies and adversaries in the political landscape.
Zurcher Kantonalbank increased its stake in PTC Therapeutics by 6.1%, while Edgestream Partners raised theirs by 37.6%. Point72 Asset Management significantly boosted its holdings by 945.6%, now owning 575,860 shares valued at $21.36 million. Analysts have mixed ratings on the stock, with a consensus "Moderate Buy" and a target price of $63.77.
UBS has lowered its price target for Cognex to $56 while maintaining a Buy rating, despite the stock's recent decline to $32.95. Analysts have noted challenges in the Automotive sector but highlighted growth in Logistics and a strong financial position, with expectations of earnings recovery over the next two years. Other firms have adjusted their targets, reflecting mixed market sentiments as Cognex navigates industry challenges.
Geode Capital Management LLC now holds 2,074,970 shares of 89bio, valued at $15.36 million, after acquiring 160,356 shares recently. UBS Group raised its price target for 89bio to $38, indicating a potential upside of nearly 296%, while the stock currently trades at $9.60. Insider purchases and increased stakes from major investors reflect growing interest in the clinical-stage biopharmaceutical company focused on liver and cardio-metabolic disease therapies.
StoneCo Ltd. has seen its price target lowered by Barclays from $12.00 to $10.00, maintaining an "equal weight" rating, while other firms have also adjusted their targets. The stock currently holds a "Moderate Buy" rating with an average target price of $14.50. Institutional investors own 73.19% of the company, which provides financial technology solutions for electronic commerce in Brazil.
Insiders have sold over 23 million shares of EVgo, totaling approximately $116 million, while hedge funds have increased their stakes, with State Street Corp growing its position by 25.3%. Analysts have mixed ratings on the stock, with a consensus target price of $6.22, despite a recent price target reduction by UBS Group to $5.00. EVgo reported a quarterly revenue increase of 92.3% year-over-year, but missed EPS estimates, reflecting ongoing challenges in the market.
Cantor Fitzgerald Income Trust, Inc. Class I
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Cantor Tether and SoftBank launch three point six billion dollar crypto venture
06:00 24.04.2025
musk and bessent engage in heated confrontation in the west wing
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22:32 23.04.2025
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14:40 29.01.2025
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