Court: N.D. California

Case: 3:23-cv-05038

Tether, Cantor Fitzgerald, and SoftBank unveiled Twenty One Capital, a $3.6B venture holding over 42,000 bitcoins, set to become the third-largest BTC treasury. The Nasdaq-bound firm launches amid renewed crypto enthusiasm under Trump and deepens Tether’s long-standing ties with Cantor, which holds most of its U.S. Treasury reserves.

At the same time, FTX users filed a class action accusing Binance and its CEO of deliberately crashing FTX to dominate the crypto market. You can find more details here and stay updated on future changes.