U.S. stocks gainedWednesday as President Donald Trump signaled a softer stance on Chinese tariffs and Federal Reserve Chair Jerome Powell, easing investor concerns that had rattled markets in recent weeks. The Dow Jones Industrial Average rose 419 points, or 1.07%,…

Dow, S&P 500, Nasdaq end in green as Trump softens on China talk

Twenty One Capital, a new Bitcoin treasury company led by Strike founder Jack 
Mallers with the support of Tether, SoftBank and Cantor Fitzgerald, is looking 
to supplant Michael Saylor&#8217;s Strategy to become the &#8220;superior vehicle for 
investors seeking capital-efficient Bitcoin exposure.&#8221;
Twenty One revealed it plans to launch with 42,000 Bitcoin (BTC) (worth $3.9 
billion) with roughly 23,950 BTC coming from Tether, 10,500 BTC from Softbank 
and 7,000 BTC from Bitfinex, which will be converted into equity at $10 per 
share, according to an April 23 statement.
The firm is seeking a public listing via a blank-check merger with Cantor 
Equity Partners and will trade under the ticker XXI on the Nasdaq once it 
finalizes an agreement with investors to raise $585 million through 
convertible bonds and equity financing.
&#8220;Our mission is simple: to become the most successful company in Bitcoin, the 
most valuable financial opportunity of our time. We&#8217;re not here to beat the 
market, we&#8217;re here to build a new one,&#8221; said Mallers, the founder and CEO of 
Bitcoin payments-focused firm Strike.
&gt; &#8220;A public stock, built by Bitcoiners, for Bitcoiners.&#8221;
Twenty One specifically compared its business model to Strategy&#8217;s in an 
investor presentation to the US Securities and Exchange Commission, claiming 
it is potentially a &#8220;superior vehicle for investors seeking capital-efficient 
Bitcoin exposure.&#8221;
It claimed that Strategy&#8217;s ability to create shareholder value through future 
Bitcoin purchases will be limited because the firm &#8212; which holds 534,741 BTC 
&#8212; would need to make even larger investments to increase its Bitcoin Per 
Share, or BPS, thus diminishing the per-share dollar impact of future capital 
deployments.
Twenty One said it would be a more &#8220;pure play&#8221; for investors seeking Bitcoin 
exposure with Bitcoin-native operations and more &#8220;flexibility&#8221; for strategic 
capital raises.
_Twenty One Capital &#8216;s comparison of its Bitcoin treasury plan with that of 
Strategy&#8217;s. Source: __SEC_
A launch of 42,000 Bitcoin would make Twenty One the third-largest corporate 
Bitcoin holder, trailing only Strategy and Bitcoin mining firm MARA Holdings, 
which holds 47,600 BTC, according to BitcoinTreasuries.NET data.
## Twenty One plans to do more than just stack Bitcoin
Twenty One also intends to build out several Bitcoin-focused offerings, 
including Bitcoin debt and equity products, an advisory service, a lending 
platform and an educational platform.
&#8220;Twenty One&#8217;s mission will be to accelerate Bitcoin adoption and Bitcoin 
literacy at both institutional and retail levels,&#8221; the firm said.
_**Related:**__**Bitcoin ETF inflows top 500 times 2025 average in 
&#8216;significant deviation&#8217;**_
The firm will also partner with industry players to host Bitcoin conferences.
_Twenty One Capital &#8216;s three-stage business plan. Source: __SEC_
The news sparked a massive 54.2% price rally in Cantor Equity Partners (CEP) 
shares to $16.50 on April 23 and has risen another 25.1% in after-hours, 
Google Finance data shows. CEP will convert to XXI once the $585 million 
agreement is completed.
The venture strengthens Tether&#8217;s ties with Cantor, which manages US Treasury 
reserves backing Tether&#8217;s USDT, which boasts a market cap of $145.3 billion. 
Cantor also owns a 5% stake in the stablecoin issuer.
Twenty One will be majority-owned by Tether and crypto exchange Bitfinex, 
while Japanese investment holding firm SoftBank will own a &#8220;significant&#8221; 
minority share.
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Strike’s Mallers to head firm seeking superior Bitcoin play to MSTR

A top strategist signals a paradigm shift as bitcoin rockets past $94K, fueled 
by institutional flows and macro tailwinds, with $200K now a credible near- 
term target. Strategist Dissects What’s Behind Bitcoin’s Rally—Calls $200K BTC 
a Real Target in New Regime Matt Mena, crypto research strategist at 21Shares, 
broke down the forces behind bitcoin’s recent breakout […]

What’s Behind Bitcoin’s Breakout: Strategist Sees $200K BTC as Realistic

The Cardano price is showing strong signs of a breakout, with a technical 
analyst pointing to a massive 300% explosion on the horizon. If the current 
pattern holds, ADA could be gearing up for a major bullish impulse that could 
push prices as high as $2.65 within the next few months. Master Ananda, a 
crypto analyst on TradingView has released a new chart report predicting that 
Cardano will experience a staggering 300% price surge in the next three 
months. The analyst’s firm bullish outlook for ADA stems from the formation of 
a Falling Wedge pattern on the cryptocurrency’s monthly chart. Cardano Price 
Aims For 300% Rally A Falling Wedge is a distinctive reversal chart pattern 
that suggests a potential bullish reversal after a period of decline. This 
pattern had been forming on the Cardano price chart since January 2025, 
characterized by a series of lower highs and lower lows, gradually tightening 
within the structure. Currently, the Cardano price has broken to the upside of 
the Falling Wedge, signaling a potential end to the cryptocurrency’s prolonged 
correction phase and the beginning of a new bullish phase. Related Reading: 
Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery Adding 
fuel to this optimistic outlook, Master Ananda revealed that ADA had formed a 
higher low on April 7, 2025, which aligns with the critical support zone near 
the $0.57-$0.60 range. The analyst views this move as a confirmation that 
Cardano may have reached a bottom, supported by a prior long lower wick in 
early February that highlighted significant buying pressure. Based on 
Cardano’s current technical setup, Master Ananda forecasts that the 
cryptocurrency will see a 300%+ increase to $2.65. This bullish target aligns 
with the 2.618 Fibonacci Extension level on the price chart. With Cardano 
currently trading at $0.7, the analyst anticipates a breakout through multiple 
key Fibonacci Extension levels, each serving as a future price target. The 
first major target lies at the 0.382 Fib, which aligns with the $0.81 level. 
From there, the Cardano price is expected to climb past the 0.5 Fib at $0.91, 
the 0.618 Fib at $1.01, and the 0.786 Fib at $1.14. If momentum persists, ADA 
could then rally toward a high target of $1.3 before skyrocketing to the 1.618 
Fib at $1.83. Once it successfully crosses this level, the cryptocurrency is 
expected to reach its final projected target of $2.65 in this analysis. ADA 
Set For Long-Term Bullish Growth According to Master Ananda’s analysis, ADA’s 
current price action is just the beginning of a mid-term bullish impulse that 
could extend well into Q3 2025. While short-term price swings are expected, 
the underlying structure of the Falling Wedge pattern suggests Cardano is 
entering a sustained growth phase. Related Reading: Cardano Price Breaks Out 
Of Prolonged Bearish Trend Toward $0.7, Here’s The Next Target Furthermore, 
the TradingView analyst has revealed that the projected move to $2.65 is not 
the top of the cycle but part of a much larger trend. He stresses that this 
long-term bullish growth will not happen overnight. However, as long as prices 
hold above the 0.236 Fibonacci support at $0.69, long positions are expected 
to remain secure. Featured image from Adobe Stock, chart from Tradingview.com

Cardano Price Set For 300% Explosion With Major Bullish Impulse

The newly sworn-in SEC chair is set to make his highly anticipated debut with 
a speech that could ignite sweeping reforms and redefine the future of crypto 
regulation. Paul Atkins’ First Speech as SEC Chair to Set Stage for Oversight 
Reform The U.S. Securities and Exchange Commission (SEC) announced on April 23 
via its official […]

New SEC Chair to Speak at Crypto Roundtable as Policy Pivot Looms Large

The Federal Bureau of Investigation&#8217;s Internet Crime Complaint Center (IC3) 
has released its annual report detailing complaints and losses due to scams 
and fraud involving cryptocurrency in 2024.
According to the report released on April 23, the IC3 received more than 
140,000 complaints referencing cryptocurrency in 2024, resulting in roughly 
$9.3 billion in losses. The bureau reported that individuals over the age of 
60 had been the most affected by crypto-related fraud, with roughly 33,000 
complaints and $2.8 billion in losses.
_Source:__FBI_
&#8220;Last year saw a new record for losses reported to IC3, totaling a staggering 
$16.6 billion,&#8221; said the report. &#8220;Fraud represented the bulk of reported 
losses in 2024, and ransomware was again the most pervasive threat to critical 
infrastructure, with complaints rising 9% from 2023,&#8221; notes the report, adding 
that, as a group, those over the age of 60 suffered the most losses and 
submitted the most complaints.
The report added that the resultant losses had increased roughly 66% since 
2023, from roughly $5.6 billion to $9.3 billion. The most significant 
percentage of losses occurred due to crypto investment schemes, while the 
largest number of complaints related to &#8220;sextortion&#8221; schemes, in which 
fraudsters manipulated photos and videos to create explicit content. Other 
scams included schemes involving the use of crypto ATMs or kiosks.
_**Related:**__**Crypto scam uses trade war fears to lure victims, Canadian 
watchdogs warn**_
In February, the FBI reported its &#8220;Operation Level Up&#8221; had saved potential 
victims of crypto fraud roughly $285 million between January 2024 and January 
2025. However, blockchain analytics firm Chainalysis speculated that 2025 
could see the largest number of scams to date, given that generative AI is 
making the practice &#8220;more scalable and affordable for bad actors to conduct.&#8221;
Globally, Chainalysis estimated that there had been roughly $41 billion in 
illicit crypto volume in 2024, with roughly 25% of the funds involved with 
&#8220;hacking, extortion, trafficking, or scams.&#8221; Some of the most high-profile 
crimes included the $1.4 billion in crypto stolen from the Bybit exchange in 
March and North Korean hackers taking more than $1.3 billion.
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trading questions**_