Sygnum’s off-exchange custody platform allows traders to mirror assets held in Sygnum’s custody while trading on an exchange like Deribit.
Cryptocurrency banking firm Sygnum is partnering with crypto derivatives exchange Deribit, providing its off-exchange custody platform, Sygnum Protect.
On March 5, Sygnum announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto.
This integration enables institutional Deribit traders to hold their assets in Sygnum’s institutional-grade custody while accessing Deribit’s broad trading offering and liquidity.
Airdrop activity continues to heat up, with three newly launched tokens—SXT, RIZE, and DOOD—drawing investor attention in the fourth week of May. Space and Time launched its SXT token with an airdrop as a part of the new Chainlink rewards program.
Meanwhile, RIZE powers the Rizenet ecosystem, which is focused on tokenization and decentralized AI. DOOD, the native token of the Doodles NFT collection, joins the wave of NFT projects following the footsteps of APE and PENGU.
Space and Time (SXT)
The latest Space and Time (SXT) airdrop launched on May 8, 2025, as part of its official token generation event (TGE). The airdrop is integrated with Binance Launchpool and Chainlink’s new Rewards program.
The project is distributing 200 million SXT tokens into two batches, representing 4% of the total supply. Eligible users include participants in the Chainlink ecosystem, including LINK stakers, users who engaged in Space and Time’s testnet, and held Community NFTs.
Also, the SXT airdrop claim will be live until June 22.
SXT has been down since its airdrop, and if the correction continues, it could soon start trading below $0.10.
It needs a strong buying pressure to return to levels around $0.126, and if that one is broken, it could rise back to test the resistance around $0.163.
RIZE
RIZE is the native utility token of Rizenet, a decentralized platform for tokenizing real-world assets (RWAs), decentralized AI (DeAI), and DeFi.
The $RIZE token has multiple uses. It pays for tokenization services, grants access to tokenized assets, enables governance through token locking, and rewards contributions to decentralized AI models. RIZE is currently live on Kraken and Aerodrome.
From a technical standpoint, the RIZE token is at a critical point. If it manages to break through the resistance level at $0.064, bullish momentum could drive the price back toward the $0.10 region.
However, failure to maintain its current support at $0.0485 may trigger a downside move, with potential losses extending below the $0.040 mark.
Doodles
Doodles is a well-known NFT collection that originally gained popularity for its colorful, hand-drawn characters and strong community engagement.
It recently launched its own token, DOOD, marking its entry into the growing trend of NFT-native tokens—a path first carved out by Bored Ape Yacht Club with APE and later followed by Pudgy Penguins with the PENGU token in 2024.
Despite the initial excitement surrounding the DOOD airdrop, the token has struggled to maintain upward momentum, falling 35% over the last five days.
The price now faces a key resistance at $0.0052—breaking above this level would be necessary to signal a potential recovery and open the door for a move toward $0.00735.
However, continued bearish pressure could push DOOD below the $0.0040 support, marking new lows and further eroding market confidence.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to understand why the share price of Cantor Equity Partners Inc. (CEP) is seeing downside pressure while the share price of Strategy’s stock (MSTR) is increasing. CEP is the company behind 21 Capital, a newly established firm imitating Strategy’s Bitcoin model.
Crypto News of the Day: Max Keiser Issues 21 Capital Warning as CEP Shares Sink
Twenty One Capital’s ambitions to become the next major corporate Bitcoin player are under fire. The share price of its holding company, Cantor Equity Partners Inc., is bearing the brunt of overhead pressure.
The CEP stock price is down by over 6% in the last five trading days. Meanwhile, the share price of its market rival, Strategy (formerly MicroStrategy), is up by over 7%.
Headed by James Mallers, Twenty One Capital presented as Strategy’s inadvertent market rival, or peer. It introduced BTC-native metrics like Bitcoin Per Share (BPS), effectively challenging Strategy’s model, where investors have indirect exposure to Bitcoin through MSTR stock.
In a recent US Crypto News publication, Bitcoin pioneer Max Keiser said institutions must “Saylorize” or die. Nevertheless, despite Twenty One Capital extending the “Saylorization” trend, the CEP stock price continues to endure downward pressure while Strategy’s stock price is gaining.
Against this backdrop, investors hoped that hype around Cantor Equity Partners Inc.’s planned SPAC merger could reverse the trend, but this appears to be false hope. Notably, the merger would see CEP stock listed under the new ticker XXI.
“Cantor Equity Partners (CEP) announced a merger with bitcoin treasury company Twenty One Capital in a $3.6 billion merger,” reports indicated.
The announcement propelled shares of the SPAC vehicle, Cantor Equity Partners (CEP), sharply higher, but now momentum is fading.
Investors who hoped for a post-merger rally have watched the stock drift downward toward the mid-$20s over the past five days.
BeInCrypto contacted Max Keiser for insights into why this is happening, with the Bitcoin maxi blaming it on Twenty One Capital’s model mimicking Strategy.
Mimicking Strategy Could Be Detrimental, Max Keiser Says
According to Max Keiser, Twenty One Capital’s attempt to mimic Strategy could prove far riskier and less effective.
“There’s a big difference between a company with a Bitcoin treasury strategy and a Bitcoin strategy company,” Keiser told BeInCrypto.
Keiser says Strategy is leveraging its heft as a company with lots of Bitcoin, harnessing volatility to buy more BTC. However, Cantor Equity Partners Inc. or Twenty One Capital does not meet that standard.
“CEP is a company that is looking to buy lots of Bitcoin, which is very volatile. I question if they can effectively harness that volatility like Strategy does,” he added.
Twenty One Capital is the third-largest corporate Bitcoin holder after Strategy and Bitcoin mining firm MARA Holdings. Data on Bitcoin Treasuries shows Strategy holds 568,840 BTC, while MARA holds 48,237 Bitcoin tokens.
Meanwhile, after Tether acquired 4,812.2 Bitcoin (now held in an escrow wallet as Twenty One Capital prepares to complete a SPAC merger with Cantor Equity Partners), Twenty One Capital holds 36,312 Bitcoin tokens.
Corporate Bitcoin holders by portfolio size. Source: Bitcoin Treasuries.
In the interview with BeInCrypto, Keiser articulated that trying to copy Strategy’s model without the infrastructure, discipline, or scale puts 21 Capital in a precarious position.
“A Bitcoin strategy company is inherently riskier, with no clear path to be as competitive as Strategy in leveraging market volatility to capture more Bitcoin,” he stated.
Further, despite the surge in interest from investors hoping to jump on what appeared to be the “next big BTC play, Keiser believes the long-term winner is already clear.
“Ultimately, the big winner will continue to be Strategy, with dozens of knock-offs trying to catch them, failing to generate the same returns, but increasing demand for Bitcoin substantially. That ends up benefiting STRATEGY proportionately more than the knock-offs, with less risk,” he concluded.
This aligns with a sentiment from Steven Lubka, the Head of Swan Private Wealth. As BeInCrypto noted in one of the US Crypto News publications, Lubka said the inadvertent competition between Twenty One Capital and Strategy will ultimately bode well for Strategy.
“Ironically, someone throwing the gauntlet at Microstrategy, ‘we want to become the most successful company in Bitcoin, ‘ Only makes Microstrategy more valuable,” Lubka remarked.
Charts of the Day
Strategy’s MSTR stock price performance. Source: Google Finance
This chart shows Strategy Inc.’s stock price rose by $28.61 or 7.28% over the past five days, closing at $421.61 on May 14.
Cantor Equity Partners (CEP) stock price performance. Source: Google Finance
This chart shows a 5-day decline in Cantor Equity Partners Inc.’s stock price, down by 6.22% since May 7. CEP closed at $29.84 on Tuesday and is attempting a slight pre-market recovery.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
MANTRA is planning to launch a $108,888,888 Ecosystem Fund to drive RWA innovation over the next four years and help accelerate projects in MANTRA’s blockchain ecosystem.
MANTRA’s native token OM has shown significant resilience in the current market downturn. OM is currently the only altcoin among the top 30 tokens to have posted positive gains over the past 24 hours.
Today, it announced the launch of a $108,888,888 Ecosystem Fund to propel RWA innovation in its blockchain ecosystem.
“In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real world assets. We are opening doors for visionary founders and teams to join us in building and creating a thriving ecosystem,” claimed John Patrick Mullin, founder and CEO.
Mullin delivered these comments in an exclusive press release shared with BeInCrypto. MANTRA plans to deploy this fund over the next four years, working with “a strong network of partners and investors” to maximize RWA growth.
The firm also claimed that its new license approvals in Dubai will allow it to facilitate advanced financial services.
MANTRA successfully obtained a Virtual Asset Service Provider (VASP) license, which will allow it to act as a crypto exchange and offer broker-dealer, management, and Investment Services. With these tools, the network can direct RWA investment.
Today, we’re announcing the launch of the MEF – a $108,888,888 million investment initiative designed to propel real world asset innovation, adoption and growth.
But we’re not doing this alone. We’ve got leading incubators, accelerators and capital partners by our side;… pic.twitter.com/oyeCOJ9QrE
— MANTRA | Tokenizing RWAs (@MANTRA_Chain) April 7, 2025
In fact, MANTRA’s native token is the only cryptocurrency among the top 30 to have any positive gains. It’s also among the top 5 highest gainers in the market today.
MANTRA (OM) Daily Price Chart. Source: BeInCrypto
Overall, investors seem extremely confident in MATRA’s growth and the network’s continuous development. The project’s latest investment fund reflects its commitment to influencing positive developments in the RWA ecosystem.
Meanwhile, the find will likely encourage more RWA projects to launch or shift to the network, increasing MANTRA’s utility. According to DefiLlama, the network only has $4.2 million in total value locked (TVL).
With this fund, the project’s main goal will be to improve participation and long-term engagement on the blockchain.
