The financial services giant Cantor Fitzgerald is predicting the stock market will see rallies in the next one to two weeks. In a new interview on CNBC Television, Eric Johnston, a macro strategist at Cantor Fitzgerald, says that he expects a short-term bounce in the stock market during the next couple of weeks even though […]
The post Stock Market To Witness Rallies in Next One to Two Weeks, Predicts Wall Street’s Cantor Fitzgerald – Here’s Why appeared first on The Daily Hodl.
This week’s Crypto Biz explores Singapore Gulf Bank’s plans to acquire a stablecoin firm, Binance delisting tokens, Cantor Fitzgerald’s stake in Tether and the first DOGE ETP.
The future of cryptocurrency regulation in the United States could see a significant shift as Paul Atkins, a former commissioner of the Securities and Exchange Commission known for his pro-innovation views, emerges as a frontrunner to lead the agency under a new administration at the White House.
Atkins previously served as commissioner and staffer under two chairs, Richard Breeden and Arthur Levitt, and is known as an expert in securities law and a balanced regulator. Most importantly, he holds a strong background in digital assets.
According to his profile on Patomak Global Partners, where he serves as CEO, Atkins has been at the core of industry efforts to develop best practices for digital asset issuances and trading platforms since 2017. He co-chairs the Token Alliance, an initiative by the Chamber of Digital Commerce aimed at shaping policy for tokenized networks and digital asset issuers.
The financial services giant Cantor Fitzgerald has reportedly acquired a 5% ownership stake in Tether, the leading stablecoin firm. The Wall Street Journal, citing unnamed business associates of both firms, reports that Cantor values the stake at up to $600 million. Cantor has served as Tether’s custodian since 2021. Last week, President-elect Donald Trump nominated […]
The post Wall Street Firm Strikes Deal With Tether, Agrees To Acquire $600,000,000 Stake in Stablecoin Issuer: Report appeared first on The Daily Hodl.
The report comes five days after Cantor Fitzgerald's CEO Howard Lutnick was appointed as President-Elect Donald Trump’s Secretary of Commerce.
Financial services firm Cantor Fitzgerald reportedly agreed to a 5% stake in stablecoin issuer Tether in the past year, which could position the company to receive more political support from the incoming Trump administration.
The 5% stake was reportedly valued up to $600 million when the agreement was made, WSJ said in the Nov. 24 report, citing information from business associates familiar with the matter.
It could mean Tether receives more political support as Cantor Fitzgerald’s CEO Howard Lutnick was appointed as United States President-Elect Donald Trump’s Secretary of Commerce on Nov. 19.
The future commerce secretary is a billionaire whose Wall Street firm has ties to Tether.
United States President-elect Donald Trump has chosen Cantor Fitzgerald CEO Howard Lutnick to be his Secretary of Commerce, according to press reports on Nov. 19. Lutnick has a long record as a cryptocurrency proponent.
The Secretary of Commerce is charged with advancing US business both domestically and abroad. The secretary is a member of the Cabinet of the United States — the president’s closest advisers. Lutnick is currently the co-lead of the Trump transition team and was seen as the most likely candidate for the Cabinet position.
Lutnick has attracted attention in the crypto world for his ties to the stablecoin issuer Tether (USDT) and statements he has made about Bitcoin (BTC).
Lutnick has become increasingly visible to the crypto community due to his relationship with Tether and his appearance at Bitcoin 2024.
President-Elect Donald Trump is selecting cabinet members for his upcoming administration in 2025, and the role of Treasury Secretary is now reportedly contested between Scott Bessent and Cantor Fitzgerald CEO Howard Lutnick.
According to Fox Business reporter Eleanor Terrett, Bessent was "All but certain" to secure the position as recently as Tuesday, November 13. The pro-crypto asset manager was the most likely pick for United States Treasury Secretary alongside hedge fund manager John Paulson.
However, Paulson bowed out of the cabinet selection due to what he described as "complex financial obligations," and Lutnick has allegedly rushed in to clench the Treasury Secretary role, sources close to the process say.
Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets may vary, he firmly maintained that BTC is a commodity. Howard […]
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
On Sept. 27, Howard Lutnick, the CEO of financial Cantor Fitzgerald, appeared on Fox Business and urged regulators to classify Bitcoin as a commodity, similar to gold and oil.
In the “Mornings with Maria” interview, Lutnick stated that Bitcoin’s (BTC) status as a commodity is well-established and called for clearer regulation of the cryptocurrency space.
Related: Cantor Fitzgerald CEO to co-lead Trump transition team
Former President Donald Trump is reportedly choosing the CEO of Tether custodian Cantor Fitzgerald to lead his transition team. According to a new report by Politico, Trump is announcing that Howard Lutnick, the chairman and chief executive of financial services giant Cantor Fitzgerald, will lead his transition team along with Linda McMahon, the former head of […]
The post Former President Trump Picks Tether Custodian CEO To Spearhead Transition Team: Report appeared first on The Daily Hodl.
Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The capital will be replenished in tranches of $2 billion to cater to the needs of Bitcoin holders. This information […]