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Cantor Partners With Tether, SoftBank, Bitfinex For $3 Billion Bitcoin Bet

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Summary
Nutrition label

63% Informative

Cantor Fitzgerald is pooling resources to float a Bitcoin SPAC in the near future.

SoftBank , Bitfinex , and Tether have pledged to seed the Bitcoin acquisition vehicle with $1.5 billion worth of Bitcoin .

Cantor 's plan appears to mirror MicroStrategy 's pivot toward Bitcoin accumulation.

Bitcoin price reacted positively to the report, climbing to a two-week high of $ 93,000 .

There are fears that the BTC rally might be fake with the spectre of a drop to $ 80 K lurking in shadows.

VR Score

42

Informative language

28

Neutral language

46

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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