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Bakkt Holdings has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to raise up to $1 billion to support the company’s new Bitcoin and digital asset strategy. This decision follows the recent June 2025 update on its investment policy in which it is able to invest in Bitcoin and other crypto assets.
The post Bakkt To Raise $1 Billion for Bitcoin and Crypto Strategy appeared first on CoinGape.
Cantor Fitzgerald is hurtling toward the launch of a $3 billion Bitcoin acquisition vehicle, garnering support from industry heavyweights. While the launch hangs in the balance, experts like Syncracy Capital co-founder Ryan Watkins are describing it as a MicroStrategy clone.
According to a Financial Times report, Cantor Fitzgerald is pooling resources to float a Bitcoin SPAC in the near future. The move has garnered the backing of industry heavyweights like SoftBank, Bitfinex, and Tether.
Per the report, Tether has pledged to seed the bitcoin acquisition vehicle with $1.5 billion worth of Bitcoin. Japanese investment giant SoftBank is putting skin in the game with a $900 million capital injection, while Bitfinex will contribute $600 million.
SoftBank’s decision to wade into Bitcoin investment follows its Tokyo-based Metaplanet’s steady BTC acquisition spree.
The trio will prop Cantor with $3 billion to pursue its Bitcoin acquisition ambitions. The venture will be steered via Cantor Equities Partners, which will create a new corporate entity dubbed 21 Capital.
Per the report, Brandon Lutnick, son of US Commerce Secretary Howard Lutnick will lead 21 Capital. Howard Lutnick is the Chairman of Cantor Fitzgerald, a brokerage with significant interest in Bitcoin and cryptocurrencies.
Previously, Cantor Fitzgerald has rolled out a $2 billion Bitcoin financing business, tapping Anchorage as custodial partner. Cantor also manages Tether’s reserves with the stablecoin issuer indicating an interest to invest in the BTC financing business.
Syncracy Capital co-founder Ryan Watkins has described Cantor’s new venture as an attempt to mirror MicroStrategy’s Bitcoin accumulation blueprint. He warns that the move to accumulate Bitcoin may trigger bubble behaviour that may trigger unwindings in the future. MicroStrategy latest acquisition of 6556 BTC follows a lengthy streak of similar purchases by the publicly traded company.
“So another MicroStrategy clone, by Cantor, SoftBank, and Tether, with $550M of dry powder to start,” said Watkins. “One is an outlier, two is a trend. Dozens starts to look like bubble behaviour.”
However, crypto lawyer John Deaton argues that the move is in line with US President Trump’s decision to launch a Strategic Bitcoin Reserve. Trump’s executive order mandates Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent to acquire Bitcoin in budget-neutral ways.
Bitcoin price reacted positively to the report, climbing to a two-week high of $93,000. Despite the glowing price, there are fears that the BTC rally might be fake with the spectre of a drop to $80K lurking in the shadows.
The post Cantor Partners With Tether, SoftBank, Bitfinex For $3 Billion Bitcoin Bet appeared first on CoinGape.
Multisig cold wallets are highly secure but not immune to attacks, as demonstrated by incidents like the February 2025 Bybit hack, emphasizing the need for additional precautions.
Multisignature (multisig) cold wallets are often considered one of the safest ways to store digital assets, providing an extra layer of protection against theft. However, even these advanced security measures are not infallible, as demonstrated by the February 2025 Bybit hack.
Before diving into their security, let’s break down what multisig cold wallets actually are.
Onyxcoin (XCN) is down nearly 10% over the past seven days, cooling off after a sharp 200% rally between April 9 and April 11. Momentum indicators suggest that the bullish trend may be losing strength, with both the RSI and ADX showing signs of fading conviction.
While XCN’s EMA lines remain in a bullish formation, early signs of a potential reversal are emerging as short-term averages begin to slope downward. The coming days will be key in determining whether Onyxcoin can stabilize and resume its climb—or if a deeper correction is on the horizon.
Onyxcoin’s Relative Strength Index (RSI) is currently sitting at 43. Readings above 70 typically indicate that an asset is overbought and could be due for a pullback, while readings below 30 suggest it may be oversold and poised for a potential rebound.
Levels between 30 and 70 are considered neutral, often reflecting consolidation or indecision in the market.
XCN’s RSI signals a neutral state but shows signs of gradual recovery. While not yet a clear bullish signal, yesterday’s upward move suggests that bearish momentum may be easing.
However, the fact that RSI failed to hit above 50 reflects lingering uncertainty and a lack of sustained buying pressure.
For now, XCN appears to be in a wait-and-see phase, where a continued climb in RSI could signal a shift toward renewed upside, but any further weakness might keep the price trapped in a consolidation range.
Onyxcoin’s Average Directional Index (ADX) has declined to 11, down from 13.92 yesterday and 15.26 two days ago. This decline reflects a consistent weakening in trend strength.
The ADX is a key component of the Directional Movement Index (DMI) and is used to measure the strength—not the direction—of a trend on a scale from 0 to 100.
Values below 20 typically suggest that the market is trending weakly or not at all, while readings above 25 confirm a strong and established trend.
With the ADX now at 11, Onyxcoin’s trend is losing momentum, even though it technically remains in an uptrend. This low reading suggests the current bullish phase is fragile and may lack the conviction needed for sustained upward movement.
Combined with EMA lines that are beginning to flatten, the weakening ADX adds weight to the possibility that the trend could soon shift or stall.
If no surge in buying pressure emerges to reinforce the uptrend, XCN may enter a period of sideways movement or even a reversal in the short term.
XCN EMA lines remain bullish for now, with short-term averages still positioned above long-term ones.
However, the short-term EMAs have started to slope downward, raising the possibility of a looming death cross—a bearish crossover in which the short-term average falls below the long-term average.
If this crossover materializes, it would signal a shift in trend direction and could trigger a deeper pullback, after a 200% rally between April 9 and April 11, making it one of the best-performing altcoins of the previous weeks.
Key support levels to watch are $0.016, followed by $0.0139 and $0.0123. If bearish momentum accelerates, XCN could drop as low as $0.0109, marking a potential 38% correction from current levels.
On the flip side, if bulls manage to regain control and reinforce the existing uptrend, XCN could challenge the resistance at $0.020.
A breakout above that level would open the door for a potential rally toward $0.027, representing a 55% upside.
The post Onyxcoin (XCN) Shows Signs of Reversal After 200% Rally Fizzles Out appeared first on BeInCrypto.