Tag: CEO

KindlyMD Drops 55% As CEO Warns of Volatility

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Shares in the healthcare-turned-Bitcoin holdings company KindlyMD Inc. halved on Monday as its CEO warned of an upcoming increase in “share price volatility” and encouraged short-term traders to sell if they’re only looking to profit. “We expect share price volatility may increase for a period of time,” David Bailey said in a shareholder letter on Monday, citing the firm’s regulatory filing on Friday registering a $200 million discounted share sale to private investors. “For those shareholders who have come looking for a trade, I encourage you to exit.” KindlyMD’s deal,…

Bo Hines To Become CEO Of Tether’s Latest Dollar-Backed Stablecoin

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Tether announced a new dollar-backed stablecoin and said former White House crypto adviser Bo Hines will become CEO of Tether USAT. The new stablecoin will be consistent with the reserve requirements and compliance standards of the recently passed GENIUS stablecoin bill, and will use Tether’s Hadron real-world asset tokenization platform, according to a Friday announcement. Stablecoins recently crossed the $270 billion milestone, according to RWA.XYZ. Tether CEO Paolo Ardoino said: “Tether is already one of the largest holders of US Treasuries because we believe deeply in the enduring power of the…

VanEck CEO Backs HYPE as Hyperliquid Hits New ATH

Key Notes HYPE reaches a new ATH of $55, with 24-hour trading volume surging 150%. VanEck confirms involvement in Hyperliquid’s ecosystem and signals future collaborations. Major players like Lion Group and whales are accumulating HYPE, showing growing trust. Hyperliquid’s native token, HYPE HYPE $54.51 24h volatility: 7.0% Market cap: $14.76 B Vol. 24h: $726.75 M , surged to a fresh all-time high of $55, marking a 10% jump in the past day. This price rally has driven its 24-hour trading volume up by 150%, suggesting growing investor confidence. This comes…

XRP Will Never Crash 90% Again, Says Digital Ascension CEO

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Jake Clover, CEO of Digital Ascension Group and a long-time XRP advocate, used a new video published on September 3 to deliver an unambiguous message to traders waiting for one last capitulation: he doesn’t think a…

Coinbase CEO Brian Armstrong Takes Big AI Bet: Key Details

Key Notes The AI code penetration at Coinbase has literally doubled in the last four months, as per data shared by Brian Armstrong. Armstrong has mandated AI integration into engineering workflows, but noted that it still requires review and is not suited for every business area. Despite the AI push, Coinbase continues hiring aggressively, with nearly half of its 350 openings in engineering and development. Brian Armstrong, the CEO of crypto exchange Coinbase, is making a big bet on artificial intelligence (AI), stating that it’s doing all the heavy-lifting in…

Polymarket Gets CFTC ‘Green Light’ to Return to US, CEO Says

Key Notes CFTC issued no-action letter allowing Polymarket’s US operations through QCX LLC and QC Clearing LLC acquisitions. CEO Shayne Coplan called the regulatory decision a green light for launching compliant prediction contracts domestically. Donald Trump Jr joined Polymarket’s advisory board as the company positions to dominate US prediction markets. Polymarket is set to launch US operations after the Commodity Futures Trading Commission issued a no-action letter regarding event contracts. The decision, announced Wednesday, confirms limited and conditional policy relief but marks a pivotal step toward regulated prediction markets in…

Crypto.com CEO Predicts Strong Q4 On Fed Rate Cut Hopes

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Crypto.com CEO Kris Marszalek is confident that digital assets will be boosted in the fourth quarter of the year, primarily driven by the US central bank reducing interest rates. Marszalek said in an interview with Bloomberg on Tuesday that Crypto.com’s revenue is likely to be better this year, “especially if we see a Fed rate cut and a strong Q4 following.” He added that he’s betting on the US Federal Reserve cutting interest rates at its Sept. 17 meeting, which is usually good for crypto as borrowing becomes cheaper and…

Solana To Become Most Decentralized Blockchain: Fund CEO

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Justin Bons, founder and CIO of Cyber Capital, has ignited a fresh decentralization debate with a sweeping thesis that Solana’s economics and roadmap will propel it past Ethereum on virtually every decentralization metric over time. In an August 30 thread, Bons opens with the blunt contention that “Solana is destined to become the most decentralized blockchain,” arguing that decentralization, in practice, is financed by fee revenue generated at scale—not by keeping hardware requirements artificially low. “Decentralization ultimately…

XRP ETF Launch Could See $5B Inflows, Outpacing Ethereum ETFs: CEO

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Optimism is running high among supporters of XRP as Canary Capital CEO Steve McClurg claimed that the long-awaited XRP spot ETFs could see inflows of $5 billion in their first month. His comments, shared during a Friday interview, highlighted his belief that the funds would even outperform Ethereum ETFs, which have so far struggled to attract money from institutional investors. Ethereum ETFs Struggle While XRP Builds Optimism Bitcoin’s debut in the ETF market brought in $1.5 billion in net inflows in January 2024, according to Sosovaliue data. By February 12,…

Crypto Treasury Firms Introduce Counterparty Risks to Bearer Assets: CEO

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Bitcoin (BTC) and crypto treasury firms pose similar risks as collateralized debt obligations (CDOs), securitized baskets of home mortgages and other types of debt that triggered the 2007-2008 financial crisis, Josip Rupena, CEO of lending platform Milo and former Goldman Sachs analyst, told Cointelegraph. Crypto treasury companies take bearer assets with no counterparty risk and introduce several layers of risk, including the competence of the corporate management, cybersecurity, and the ability of the business to generate cash flow, Rupena said. He added: “There’s this aspect where people take what is…