Cantor Fitzgerald

Cantor SPAC and Adam Back’s Bitcoin Treasury have agreed to renegotiate their merger terms, abandoning the original July 2025 agreement. The revised structure aims to align with current market conditions, with a postponed shareholder meeting and returned public shares. The original deal aimed to take Bitcoin Standard Treasury public with 30,021 bitcoin, valued over $3 billion, but faces challenges due to a slump in the bitcoin treasury model.

Strategy, a major Bitcoin hoarder, sold $216 million in Bitcoin in its largest crypto sale to date, citing the need to build cash reserves and avoid issuing more equity. The sale caused its stock to drop 5% initially, while Bitcoin's price fluctuated. The company, which previously emphasized accumulating Bitcoin, now faces market pressures amid broader crypto bearishness.

The Trump administration's mineral deal with Kazakhstan benefits Trump's family and Secretary of Commerce Howard Lutnik's family. Trump's two eldest sons, part-owners of Dominari Securities, and Cantor Fitzgerald are set to profit from the Kazakh tungsten deal.

A crypto super PAC previously aligned with Trump and Republicans has spent $300,000 supporting New York Rep. Ritchie Torres in his reelection primary. The Fellowship PAC, funded by Cantor Fitzgerald, is backing Torres, a House Financial Services Committee member and co-founder of the Congressional Crypto Caucus. The PAC has also endorsed Republicans like Sen. Lindsey Graham and Texas AG Ken Paxton.

Energy tech startups are gaining investor interest as recent IPOs, including SpaceX's upcoming Nasdaq debut, boost market confidence. Companies like Fervo, X-energy, Innio, and ERock have raised significant funds, targeting data center clients and leveraging the infrastructure narrative driven by AI mega IPOs.

Commerce Secretary Howard Lutnick backed away from a previous claim that convicted sex offender Jeffrey Epstein had blackmailed people in an interview with House lawmakers. Lutnick agreed to sit for an interview with the House Oversight Committee after the release of case files on Epstein contradicted his claim. He downplayed his interactions with Epstein, saying they were 'meaningless and inconsequential'.

Senators Elizabeth Warren and Ron Wyden are investigating a loan from Tether to a trust benefiting Commerce Secretary Howard Lutnick's children. They requested details from Lutnick and Tether CEO Paolo Ardoino, following a Bloomberg report about Lutnick selling his stake in Cantor Fitzgerald to his four children.

High-profile investors like Cathie Wood and Cantor Fitzgerald are optimistic about Robinhood's recovery from its crypto market challenges, viewing the current slump as a temporary setback rather than a long-term issue.

Senior Republican officials contacted Commerce Secretary Howard Lutnick to reverse a crypto PAC's plan to spend $1.75 million supporting Texas Attorney General Ken Paxton in a contentious GOP primary runoff. The PAC, Fellowship PAC, linked to Tether and Lutnick's former firm Cantor Fitzgerald, faced backlash for potentially undermining Trump's preferred candidate, Sen. John Cornyn, but did not proceed with the ad buy.