ChainCatcher news, according to Protos, Tether's main asset custodian Cantor Fitzgerald has agreed to pay a $6.75 million fine to the U.S. Securities and Exchange Commission (SEC). The SEC accused its two special purpose acquisition companies (SPACs) of issuing misleading statements to investors before raising $750 million in IPO funds, concealing substantial discussions with potential merger targets.The SEC stated that Cantor Fitzgerald merged its SPACs with View, Inc. and Satellogic Inc., but claimed in public documents that it had not contacted any target companies. Cantor did not admit or deny the allegations but emphasized that no investors were harmed by the related issues.Additionally, The Wall Street Journal revealed that Cantor Fitzgerald holds a 5% stake in Tether and manages most of its assets, charging tens of millions of dollars in fees.

ChainCatcher news, according to Decrypt, the Bernese Cantonal Parliament in Switzerland passed a proposal with 85 votes in favor and 46 against, which will explore the use of Bitcoin mining to absorb surplus electricity and stabilize the grid. The proposal was introduced by a bipartisan Bitcoin parliamentary group on March 14, 2024, and was approved despite government opposition. The proposal requires the government to submit reports on three key aspects: identifying unused energy areas in Bern, assessing the feasibility of collaborating with Swiss mining companies for Bitcoin mining, and analyzing its potential to stabilize the grid during fluctuations in power supply.

ChainCatcher news, the Bernese Cantonal Parliament in Switzerland has passed a proposal to study Bitcoin mining as a method to utilize excess energy and stabilize the power grid.The parliament will conduct a feasibility study to assess energy availability, environmental impact, and regulatory issues. Supporters state that Bitcoin mining can attract investment, create jobs, and promote the development of renewable energy.

ChainCatcher News, the well-known American financial services company Cantor Fitzgerald pointed out in its latest biweekly macro report that although the Federal Reserve plans to start a rate-cutting cycle in September, the core inflation rate has remained above 2% for four consecutive years, and there are still significant upward risks to inflation pressures.The agency advises investors to pay attention to Bitcoin and gold as hedging tools. Cantor Fitzgerald explicitly stated, "Our view is to buy Bitcoin and gold to address the inflation theme."Although the agency expects the stock market to rise by the end of the year, it believes the mid-term outlook is not optimistic and may be a poor investment choice.

ChainCatcher message, cryptocurrency supporter Howard Lutnick, who has been nominated by Trump as Secretary of Commerce, previously stated that he would resign from his positions at Cantor, BGC, and Newmark after Senate approval. Howard Lutnick currently serves as CEO of Cantor, and he plans to transfer the company's Tether business relationships to a colleague, who is reportedly likely to be his son Brandon Lutnick. Brandon Lutnick previously interned in Tether's Swiss operations and is currently working at Cantor. It is said that during his internship in Lugano, he counted the gold bars backing Tether Gold, which supports Tether's value of $660 million.

ChainCatcher news, U.S. presidential candidate Donald Trump's nominee for Secretary of Commerce, Howard Lutnick, is exploring ways to strengthen financial ties with Tether, the world's largest stablecoin operator, planning to launch a $2 billion project to provide dollar loans to clients using Bitcoin as collateral.Howard Lutnick's financial services company Cantor Fitzgerald is in discussions to secure support from Tether to help fund the project, which could amount to several billion dollars.Tether currently holds billions of dollars in U.S. Treasury bonds through Cantor's custody business, which underpins the value of its dominant USDT stablecoin. According to insiders, this custody relationship generates tens of millions of dollars in revenue for Cantor each year.

ChainCatcher news, according to The Block, a spokesperson for Tether stated, "The relationship between Tether and Cantor Fitzgerald is purely professional and based on managing reserves. The claim that Howard Lutnick joined the transition team in some way implies influence over regulatory actions is nonsense."Lutnick stated on Wednesday that after Senate approval, he would resign from his positions at Cantor, BGC, and Newmark. In a statement, he said, "I intend to divest my interests in these companies to comply with the ethical standards of the U.S. government and do not expect any arrangements involving the sale of stock in the public market."Previously, The Wall Street Journal reported that Tether owner Giancarlo Devasini had privately stated earlier this year that Cantor Fitzgerald Chairman and Trump transition advisor Howard Lutnick would leverage his political influence to mitigate the threats facing Tether.

ChainCatcher news, according to sources cited by Bloomberg Terminal, Cantor will acquire approximately 5% ownership interest in Tether.

ChainCatcher news, Trump is selecting cabinet members for the upcoming government in 2025. Reportedly, the position of Secretary of the Treasury is currently contested between Scott Bessent and Cantor Fitzgerald CEO Howard Lutnick. FOX Business reporter Eleanor Terrett stated that Bessent is "almost certain" to get the position. This asset manager, who supports crypto assets, has the highest likelihood of becoming the U.S. Secretary of the Treasury alongside hedge fund manager John Paulson.However, according to sources close to the process, Paulson withdrew from the cabinet selection due to what he described as "complex financial obligations," while Lutnick is said to have rushed in to vie for the Treasury Secretary position. Although the position is currently undecided, both Lutnick and Bessent are pro-crypto candidates who believe the industry will continue to exist and hope for the U.S. to promote the development of the digital asset space.It is reported that Lutnick's company Cantor Fitzgerald has been the custodian of Tether's government bond portfolio since 2021 and became the custodian of Tether's bond portfolio in 2023. Lutnick has been a supporter of cryptocurrencies and has praised Tether and Bitcoin.

ChainCatcher news, the CEO of financial services company Cantor Fitzgerald, which manages $13.2 billion in assets, recently shared his views on Bitcoin. He stated, "BTC should be treated like gold and oil." The CEO further emphasized, "When you truly understand Bitcoin, it's hard to look at it any other way."

ChainCatcher news, according to Bitcoin Magazine, the Zurich Cantonal Bank, with assets of 290 billion dollars, has launched Bitcoin and cryptocurrency products.The bank's clients can now trade Bitcoin and Ethereum through the bank's mobile banking app, online banking, and other channels. In terms of crypto asset brokerage, Zurich Cantonal Bank has partnered with Crypto Finance, a digital asset company under Deutsche Börse, which is licensed by Swiss FINMA and German BaFIN.It is reported that Zurich Cantonal is a universal bank that primarily offers banking and financial products to individuals and institutions in the Zurich area, such as savings and mortgages.

ChainCatcher news, according to Coindesk, Howard Lutnick, CEO of the financial services company Cantor Fitzgerald, stated that traditional financial (TradFi) companies want to trade Bitcoin as a new asset class but are constrained by existing regulatory requirements in the U.S. Lutnick posted on social platform X: "If banks hold customers' Bitcoin, they must retain an equivalent amount of their own capital as 'margin.' That's why they don't hold Bitcoin. But if the regulatory environment is favorable, you will see all traditional financial companies rushing into the Bitcoin space."As the CEO of Cantor Fitzgerald, Lutnick revealed that the company holds a "significant" amount of Bitcoin and plans to launch a $2 billion Bitcoin financing business in June this year to provide leverage for Bitcoin holders. The company is currently working with stablecoin issuer Tether to handle U.S. Treasury transactions.

ChainCatcher news, according to Bitcoin Magazine on the X platform, the CEO of Cantor Fitzgerald, with a market capitalization of $13.2 billion, stated that under better regulation, large banks and traditional finance will "be the first to get involved in Bitcoin." "This is what is about to happen. And it is coming soon."

ChainCatcher news, based on the Cosmos Layer1 blockchain, Canto announced a strategic shift to support Berachain.Previously, Canto experienced interruptions due to "consensus issues." Reports indicated that Canto faced consensus problems, leading to a halt in its operations. During the recovery and upgrade process, unforeseen secondary effects arose due to proposer priority issues. As a result, validators paused the network after upgrading to version V8.

ChainCatcher news, according to The Block, the block explorer shows that the Cosmos-based Layer1 blockchain Canto experienced an interruption after the "Callisto" upgrade on Saturday at UTC time, causing the mainnet to go down at approximately 18:43 UTC (02:43 Beijing time on August 11). Since the interruption, the blockchain has been unable to process new transactions.On Sunday afternoon, Canto's X account acknowledged the interruption and attributed the downtime to a "consensus issue." Canto stated that an upgrade aimed at resolving the issue would take place at 12:00 UTC on August 12 (20:00 Beijing time on August 12), and assured users of the safety of their funds.

ChainCatcher news, according to Cointelegraph, Wall Street bond trading giant Cantor Fitzgerald's CEO Howard Lutnick stated at the Bitcoin conference that they will launch a Bitcoin financing business, providing leverage for Bitcoin holders with a $2 billion loan.He added, "The moral of the story is that we will welcome Bitcoin into the financing family of the global financial markets, and Cantor Fitzgerald will be your sponsor."It is reported that Cantor Fitzgerald has already handled U.S. Treasury transactions with stablecoin issuer Tether.Previous news, Cantor Fitzgerald CEO stated at the 2024 Bitcoin conference that they hold a large amount of Bitcoin.

ChainCatcher news, Bitcoin Magazine posted on social media that the CEO of the well-known financial services company Cantor Fitzgerald stated at the 2024 Bitcoin Conference that he owns a large amount of Bitcoin.

ChainCatcher news, according to Bitcoin Magazine, Howard Lutnick, the CEO of Wall Street bond trading giant Cantor Fitzgerald, will speak at the Bitcoin conference in Nashville next week.

ChainCatcher news, L1 network Canto announced on social media the launch of the stablecoin NOTE to ensure economic stability in DeFi.It is reported that NOTE is backed by RWA (tokenized short-term U.S. Treasury bills) and is an over-collateralized stablecoin, with each NOTE having more than 1 dollar in collateral. NOTE cannot be minted but can only be lent out. The lending interest is managed by the smart contract "accountant," and the interest rate is automatically adjusted based on the market price of NOTE to maintain price stability. All interest income will be deposited into the community treasury for public welfare, controlled by Canto governance. This initiative demonstrates Canto's commitment to achieving DeFi, providing accessibility, transparency, and decentralization.