Tag: CEO

Crypto ‘uninvestable’ if exchanges ignore manipulation: DeFiance CEO

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A crypto investment executive said the biggest problem with digital asset markets is price manipulation, claiming that collusion between market makers and exchanges distorts token prices.  Arthur Cheong, founder of crypto investment firm DeFiance Capital, said in an X post that market makers and crypto projects work together to create artificial prices that can be sustained for long periods. Cheong wrote:  “You don’t know whether the price is a result of organic demand & supply or simply due to projects and market makers colluding to fix the price to achieve…

$5,431,983,000 Disappears As RWA Altcoin Drops 90% in Mere Hours – CEO Alleges Exchanges Acted ‘Recklessly’

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The CEO of a real-world asset (RWA)-focused crypto project is alleging that centralized exchanges may have played a role in the sudden collapse of the project’s native token. The market cap for top RWA project MANTRA (OM) plummeted by $5.431 billion on Sunday – declining from over $6.11 billion to $683.3 million in a matter of hours. Mantra CEO JP Mullin alleges on the social media platform X that the crash was caused by unnamed exchanges seemingly working against the coin by needlessly closing large positions during low-liquidity hours. “We…

Mantra CEO says OM token recovery ‘primary concern’ but in early stages

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Mantra CEO John Mullin addressed key concerns from the community following the sharp decline in the OM token during an Ask Me Anything (AMA) session hosted by Cointelegraph on April 14. Mullin reassured users that Mantra and its partners are actively working to support the recovery of the Mantra (OM) token, though he noted that details around token buybacks and potential burns are still being developed. “We’re still in the early stages of putting together this plan for potential buyback of tokens,” the CEO said, adding that the OM token…

Bitcoin Set to Go ‘Nuclear’ as Governments Flood the World With Fiat, Says Strike CEO

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The trade war initiated by Trump has rattled global markets, and Jack Mallers, the CEO of Strike, posits that bitcoin stands poised to “go nuclear” when additional fiat currency enters circulation. Mallers: Debasement of Currency Will Propel Bitcoin to Unprecedented Heights Major stock indexes slumped between 2.81% and 5.04% on Thursday in the wake of […] Original

How Bitcoin’s three pillars are about to fix money — StarkWare CEO

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Bitcoin wasn’t supposed to just sit still. When Satoshi Nakamoto released the white paper in 2008, it wasn’t a blueprint for digital gold; it was a peer-to-peer cash system. But fast-forward to today, and Bitcoin’s biggest critics and supporters alike often agree on one thing: It doesn’t really work like money, at least not yet. In the latest episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson speak with Eli Ben-Sasson, the co-founder of StarkWare and one of the leading minds in cryptographic scaling. His message? That…

Weaker yuan is ‘bullish for BTC’ as Chinese capital flocks to crypto — Bybit CEO

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With US President Donald Trump imposing 104% tariffs on Chinese imports, Beijing is responding by letting the yuan weaken against the dollar — a move that analysts say could spark the next leg of the Bitcoin bull market. On April 8, the yuan-to-US dollar exchange rate fell to its lowest level since 2023, signaling the Chinese central bank’s readiness to let its currency fluctuate more freely.  The US dollar-to-yuan exchange rate on April 8. Source: Bloomberg With the trade war ratcheting up, “expectation for China to eventually devalue the currency…

BlackRock CEO Larry Fink says market could drop another 20%

BlackRock chief executive officer Larry Fink says its likely the market’s reaction could still see another 20% dump. The BlackRock CEO’s comments come as the market crash sees stocks plummet for more than 30 days straight. Crypto has also suffered in the past few weeks, with Bitcoin (BTC) dipping below $80k to touch lows last seen in early November 2024. However, Fink, sharing his opinion during an interview with Bloomberg TV, believes the dip is for buying.  “I see it more as a buying opportunity than a selling opportunity, but…

Metaplanet repays 2B yen bonds early, CEO comments on BTC ‘down days’

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Metaplanet, a Japanese hotel manager turned Bitcoin treasury company, has fully repaid 2 billion yen ($13.5 million) worth of bonds ahead of schedule as it seeks to shore up its financial position. Metaplanet conducted an early redemption of its 9th Series of Ordinary Bonds on April 4, more than five months before the maturity date, the company disclosed on April 7.  The zero-interest bonds were issued in March through Metaplanet’s Evo Fund and used to acquire additional Bitcoin (BTC). Since the bonds carry zero interest, the repayment would not have…

Stablecoins are the best way to ensure US dollar dominance — Web3 CEO

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Stablecoins are the single best tool for the United States government to maintain the US dollar’s hegemony in global financial markets, according to LayerZero Labs CEO and founder Bryan Pellegrino. In an interview with Cointelegraph, the CEO of LayerZero Labs, which created the LayerZero interoperability protocol recently chosen by Wyoming to be the distribution partner for the Wyoming stablecoin, said that the cross-border accessibility of dollar-pegged tokens makes them an obvious choice to drive US dollar demand. Pellegrino added: “Stablecoins for the US dollar are the single best tool —…