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Securitize has received SEC effectiveness for its S-4 registration statement, a key regulatory milestone in its planned SPAC merger with Cantor Equity Partners II. The approval brings the tokenization firm closer to a NYSE listing. No financial terms or timeline for closing were disclosed in the announcement.

Tether has acquired SoftBank's 26% stake in Twenty One Capital, increasing Tether's control over the publicly listed Bitcoin holding company. Twenty One Capital is expanding its operations into lending, mining, and capital markets. SoftBank has fully exited its position in the venture.

Twenty One Capital has risen following a proposed three-way merger involving Strike and Elektron, according to Cointelegraph. Tether has proposed that Elektron founder and CEO Raphael Zagury serve as president of the merged entity, with Strike's Jack Mallers also taking an executive role. The merger remains a proposal and has not been confirmed as finalized.

Twenty One Capital outlined its operating strategy centered on acquiring Strike (a Bitcoin financial services company) and Elektron (a Bitcoin mining platform), aiming to consolidate Bitcoin treasury, mining, financial services, and capital markets under one entity. The company is positioning itself as a Bitcoin-native holding company through a mergers and acquisitions-driven consolidation strategy. The acquisitions of Strike and Elektron are described as potential, not yet confirmed.