This article introduces Twenty One, a Bitcoin-related publicly listed company jointly launched by Cantor Fitzgerald, SoftBank, Bitfinex, and Tether. The company achieved a valuation of 3.60 billion USD through a business merger with the SPAC Cantor Equity Partners. Additionally, a spot Bitcoin ETF attracted an inflow of 936 million USD within one day, demonstrating the growing appeal of Bitcoin as a "safe haven" asset. The U.S. Securities and Exchange Commission (SEC) has charged PGI Global founder Ramil Palafox with a cryptocurrency fraud case involving 198 million USD. Symbiotic completed a 29 million USD Series A funding round, planning to expand from Ethereum-based restaking to a broader "universal staking" platform. The SEC has withdrawn fraud charges against HEX founder Richard Heart due to failure to file amended complaints within the court-mandated deadline. The article also mentions that Donald Trump will host a party at the Washington D.C. Golf Club for the top 220 TRUMP memecoin holders.

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The following article is adapted from The Block’s newsletter,The Daily, which comes out on weekday afternoons.Happy Wednesday! In the latest debacle following its role in Base's "coin everything" drama, Zora launched its token this morning and began trading without any official instructions on how to claim the airdrop — though it can still be done manually via the smart contract.In today's newsletter, Cantor Fitzgerald, SoftBank, Bitfinex and Tether team up on a Strategy-esque bitcoin venture, spot Bitcoin ETFs see $936 million worth of daily inflows as its "safe haven" narrative strengthens, the SEC charges a crypto exec over an alleged $198 million fraud scheme and more.Meanwhile, President Trump is set to host a gala for the top 220 TRUMP memecoin holders at a D.C. golf club.Let's get started.Cantor Fitzgerald, currently led by the son of U.S. Commerce Secretary Howard Lutnick, Tether, Bitfinex and SoftBank are teaming up to launch "bitcoin-native" public company Twenty One through a business combination with the SPAC Cantor Equity Partners at a $3.6 billion pro-forma enterprise value.Spot Bitcoin ETFs pulled in $936 million on Tuesday — the largest single-day inflow since Jan. 17, reflecting growing conviction in bitcoin's rising "safe haven" appeal amid inflation, geopolitical risk and a weakening dollar, according to analysts.The SEC has charged PGI Global founder Ramil Palafox with running an alleged $198 million crypto fraud scheme that used investor funds to buy Lamborghinis and other luxury items.Symbiotic has raised $29 million in Series A funding to help expand from Ethereum-based restaking into a broader "universal staking" platform.The SEC has officially dropped its fraud case against HEX founder Richard Heart after exceeding its deadline to file an amended complaint following a District Court's earlier dismissal of the agency's claims for lacking U.S. jurisdiction.Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

Cantor Fitzgerald, SoftBank, Bitfinex, and Tether jointly launch a $3.60 billion Bitcoin project named Twenty One