【Bitu Daily News Selection】Financial Times: Cantor Fitzgerald's fund plans to purchase $4 billion worth of Bitcoin; The procedural vote on crypto assets-related legislation in the U.S. House of Representatives failed to pass and may reopen voting tomorrow; U.S. President Trump: Bessen is a candidate to replace the Fed chairman.

The Bi推 editor selects Web3 news for you daily:

[Financial Times: Cantor Fitzgerald's fund plans to acquire $4 billion worth of Bitcoin]

According to the news from Bitpush, the Financial Times reported that Brandon Lutnick, chairman of financial company Cantor Fitzgerald, is in talks with Adam Back for a Bitcoin transaction worth up to $3 billion to $4 billion. Adam Back is the developer of the Hashcash proof-of-work system and the co-founder and CEO of blockchain technology company Blockstream.

Reports citing anonymous sources say that Cantor Fitzgerald's special purpose acquisition company Cantor Equity Partners is in late-stage negotiations with Adam Back to acquire this amount of Bitcoin.

If this transaction is completed, it will be another move following the first batch of Bitcoin financing transactions completed by Cantor Fitzgerald in May. Brandon Lutnick's father, U.S. Secretary of Commerce Howard Lutnick, has previously expressed support for Bitcoin.

[The U.S. House's procedural vote on cryptocurrency-related bills failed, and voting may resume tomorrow]

According to Bitpush news, on Tuesday local time, the U.S. House of Representatives failed to pass a procedural vote on cryptocurrency-related legislation. House Speaker Johnson stated later that day that he hopes to attempt a procedural vote on the cryptocurrency bill again on Wednesday.

[US President Trump: Bensent is a candidate to replace the Federal Reserve Chairman]

According to reports, U.S. President Trump stated: "Bessent is a candidate to replace the Chairman of the Federal Reserve, but I am satisfied with Bessent's performance as Treasury Secretary."

[Ethereum rises to $3100 per coin, up 2.94% for the day]

According to Bituan's news, market data shows that Ethereum has risen to $3100 per coin, up 2.94% for the day.

[U.S. Department of Justice Ends Investigation into Polymarket]

According to Bitpush news, Bloomberg reports that the U.S. Department of Justice has concluded its investigation into the prediction market Polymarket.

Bloomberg reported on Tuesday, citing a source familiar with the matter, that Polymarket received formal notification from the Department of Justice and the Commodity Futures Trading Commission earlier this month, stating that their investigation has concluded.

In November 2024, Bloomberg reported that Polymarket CEO Shayne Coplan is facing a Department of Justice investigation. The New York Post cited an anonymous source stating that the FBI has also seized Coplan's phone and electronic devices. According to Bloomberg, lawyers from the Commodity Futures Trading Commission and the Department of Justice are investigating whether Polymarket "allows Americans to use virtual private networks or other means to bypass company-controlled bets."

[Upexi Completes $50 Million Fundraising to Advance Solana Financial Strategy]

According to BiTui news, Nasdaq-listed company Upexi announced the completion of a private placement of 12,457,186 shares of common stock, raising a total of $50 million. The company plans to use these funds to support general working capital needs and advance its Solana financial strategy. Currently, the company holds 735,692 SOL.