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.

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