🤑 Bitcoin hits $93k

What we’ll cover today:

🤑 Bitcoin hits $93K, traders burned for $600M!

💼 Wall Street and SoftBank team up in massive $3B Bitcoin bet!

⚽️ Chiliz meets SEC—fan tokens eye comeback in the U.S.!

📊 Your vote counts—join our quick crypto polls!

Bitcoin Blasts Past $93K, But $600M Gets Liquidated 😬

Bitcoin (BTC) just zoomed past $93,000, but over $600 million vanished from traders' pockets as the market went haywire.

🚨 Breaking News:
BTC hit $93K for the first time in 7 weeks, triggering $602M in liquidations as traders got caught off guard.

⚡ Wire Simplified:

• BTC surged to $93,069, up 5% in 24 hours.

• Ethereum (ETH) and Solana (SOL) also saw gains of 12% and 7% respectively.

• Over $600 million in crypto positions were liquidated due to market volatility.

• Open interest rose 14% to $121.6 billion, indicating increased leveraged trading.

• The overall crypto market cap increased by 4%, now just over $3 trillion.

✔️ Straight to the Point:
Bitcoin's surge to $93K caused massive liquidations, highlighting the risks of leveraged trading in a volatile crypto market.

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Big Players Bet $3B on Bitcoin 🚀

Cantor Fitzgerald, SoftBank, Tether, and Bitfinex are teaming up to launch a $3 billion Bitcoin investment venture.

🚨 Breaking News:
The consortium plans to create 21 Capital, a firm that will hold $3 billion in Bitcoin from the partners.

⚡ Wire Simplified:

• Tether will contribute $1.5 billion in Bitcoin.

• SoftBank and Bitfinex will add $900 million and $600 million respectively.

• The venture aims to emulate MicroStrategy's Bitcoin investment strategy.

• Additional funding includes a $350 million convertible bond and a $200 million private equity round.

• The move reflects growing institutional interest in Bitcoin amid a favorable regulatory environment.

✔️ Straight to the Point:
Major financial players are making a significant bet on Bitcoin, signaling increased institutional adoption of cryptocurrency.

Chiliz Eyes U.S. Comeback with SEC Talks ⚽

Chiliz, the platform behind fan tokens, is in discussions with the SEC to re-enter the U.S. market.

🚨 Breaking News:
Chiliz presented a draft no-action letter to the SEC, aiming to invest $50-$100 million for U.S. market re-entry.

⚡ Wire Simplified:

• Chiliz met with the SEC's Crypto Task Force on April 22.

• The company seeks clarity on the legal classification of fan tokens.

• Chiliz plans a significant investment to re-establish its U.S. presence.

• The move comes ahead of the 2026 FIFA World Cup.

• Chiliz argues its tokens are for fan engagement, not securities.

✔️ Straight to the Point:
Chiliz is working to navigate U.S. regulations, aiming to bring fan tokens back to American sports enthusiasts.