Tether Co-Founder plans to set up a $1 billion crypto fund and create a diversified cryptocurrency reserve including BTC and ETH

Bitget App

Trade smarter

Cointime2025/06/25 19:48

By:Cointime

Former private equity giant Blackstone Group trader and stablecoin leader Tether co-founder are teaming up to create a $1 billion publicly traded crypto fund, aiming to build a diversified digital asset portfolio. According to sources, the fund is raising funds through the SPAC (Special Purpose Acquisition Company) M3-Brigade Acquisition V Corp. supported by both parties, planning to allocate various types of crypto assets such as Bitcoin, Ethereum, and Solana. It is reported that fundraising is still ongoing, and specific details, including the $1 billion target, may still be adjusted. (Bloomberglaw)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14