Bloomberg: Cantor in talks with Tether over $2 billion Bitcoin lending project

Binance BNB/USDT is currently trading at $654.89, a decrease of 1.45% in 24 hours. Please pay attention to market fluctuations.

The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

The Binance ETH/USD perpetual funding rate is currently 0.05%, and long positions need to pay a funding fee to short positions, indicating a high sentiment in the market. AICoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.

On November 24th, according to Bloomberg, Howard Lutnick is planning to strengthen his alliance with Tether Holdings Ltd., one of the most important and controversial companies in the digital asset industry. According to insiders, Lutnick is in talks with Tether to deepen financial cooperation between his companies and the company behind the world's largest stablecoin. Cantor Fitzgerald LP is in discussions with Tether to seek its support in advancing a plan aimed at providing billions of dollars in loans to customers who use Bitcoin as collateral. These insiders stated that they requested anonymity as they were not authorized to speak publicly. The funding for the project will start at $2 billion and is expected to eventually reach tens of billions of dollars, another insider told Bloomberg. Tether currently holds billions of US treasury bond through Cantor's custody business, which support the value of its dominant USDT stable currency. According to informed sources, this custody relationship brings Cantor tens of millions of dollars in revenue annually. Lutnick is the co chair of President elect Trump's transition team and was elected by Trump as the candidate in charge of the US Department of Commerce.

According to the popularity ranking, PNUT's popularity has decreased by 1.55 million followers compared to yesterday, ranking first. The popularity ranking is as follows: ① PNUT （$1.13，-5.04%） ② BAN （$0.1397，-3.12%） ③ DOGE （$0.4279，-7.72%） ④ ETH （$3393.21，0.98%） ⑤ SOL （$253.30，-2.07%） The selling power of PNUT's main funds is weak, with a net outflow of $44532200 in 24 hours and a transaction volume of $30.31 billion in 24 hours, of which the net outflow of the main funds is $11457500.