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Reuters

Reuters

Business

Business & Economics

Cantor nears $3 billion crypto venture with SoftBank and Tether, FT reports

Reuters
Summary
Nutrition label

80% Informative

Brandon Lutnick , son of U.S. Commerce Secretary Howard Lutick , is partnering with SoftBank , Tether and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle.

The vehicle, Cantor Equity Partners , will use $3 billion in bitcoin from other cryptocurrency investors and trading firms.

VR Score

90

Informative language

94

Neutral language

78

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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