Tag: CEO

CEO Drops Bombshell Why Bitcoin Price Is Muted Post-ETFs

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Despite the landmark launch of spot Bitcoin Exchange-Traded Funds (ETFs) spearheaded by industry behemoths BlackRock and Fidelity—ranking among the top five ETF launches in their initial month of all time—BTC’s price response has been notably subdued. Prior to the launch of these EFTs, BTC soared to a peak of $49,040 on January 11. Fast forward to today and BTC is currently settling at $51,000, marking a modest appreciation of 4.3%. This tepid performance has puzzled market observers, particularly in light of massive net inflows of $5.278 billion into all Bitcoin…

Ripple CEO backs XRP ETF, calls for clearer crypto regulation

Ripple CEO Brad Garlinghouse, in a Bloomberg interview on Feb. 20, expressed support for the creation of an XRP exchange-traded fund (ETF).  Garlinghouse highlighted the importance of diversification for investors, comparing the current state of the cryptocurrency market to the early days of the stock market. He suggested that, like in the stock market, where investors seek exposure to a range of assets rather than a single stock, the cryptocurrency market will likely see the introduction of more ETFs to distribute risk more broadly.  However, he refrained from providing specifics…

Beyond Bitcoin: Ripple CEO Says Approval of Multiple Crypto ETFs ‘Inevitable’ — Embraces Idea of Spot XRP ETF

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Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) based on crypto tokens other than bitcoin. “I think it’s inevitable that there’ll be multiple ETFs around different tokens,” he stressed, noting that Ripple would welcome an XRP ETF. “In my opinion, it makes these markets […] Original

MicroStrategy CEO Michael Saylor abandons plans to sell Bitcoin

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MicroStrategy CEO Michael Saylor has no plans to sell any Bitcoin (BTC) on the company’s balance sheet. In an interview with Bloomberg TV, Saylor noted that Spot ETFs had opened the gates for institutional capital to flow into the BTC ecosystem and that this type of fund contributes to the digital transformation of capital. “Every day, hundreds of millions of dollars of capital is flowing from the traditional analog ecosystem into the digital economy.” Michael Saylor, MicroStrategy CEO Bitcoin’s value, currently just over a trillion dollars, rivals asset classes such…

Coinbase CEO: Every Institution Is Now Starting to Hold Crypto

Coinbase CEO Brian Armstrong says “every institution is now starting to hold crypto,” emphasizing that “the asset class will be a standard part of every diversified portfolio.” Moreover, the executive noted that institutions will eventually be using crypto in other ways, such as “holding it on their balance sheet, paying their vendors, [and] doing payroll.” […] Source CryptoX Portal

BlackRock CEO teases feasibility of an XRP ETF

Asset management firm BlackRock is stirring interest within the cryptocurrency community by hinting at the potential launch of an XRP-based exchange-traded fund (ETF).  Although the firm hasn’t officially confirmed plans for an immediate spot XRP ETF filing, speculation has heightened following cryptic comments from BlackRock CEO Larry Fink and the company’s involvement in other cryptocurrency ETF proposals. The U.S. Securities and Exchange Commission’s (SEC) continued legal battle against Ripple, the company behind XRP, has raised doubts regarding the potential approval soon. In July 2023, a judge presiding over the SEC’s…

Phantom CEO says wallet reaches 3.2m active users propelled by airdrops

Solana-focused crypto wallet says airdrops attributed to its new active monthly user maximum in January, as the wallet hits 3.2 million active users. In an interview with TechCrunch, Phantom co-founder and CEO Brandon Millman revealed that the wallet’s user base experienced an exponential surge, marking a 220% increase from 1 million users in January 2023. Alongside the rise in monthly active users, the wallet also recorded over 940,000 installs, representing a 460% surge compared to the same period. Millman attributed the surge to multiple airdrops, which took place on Solana…

Ripple-Owned Crypto Custody Firm Metaco’s CEO and Head of Product Depart

A Ripple spokesperson confirmed CEO Adrien Treccani and Chief Product Officer Peter DeMeo were gone and said: “We appreciate the strong and industry-leading custody business that Adrien and his team built, as well as his leadership in integrating the custody team and solution with Ripple following the acquisition last year. Custody remains integral to Ripple’s growing business as we continue to provide best-in-class enterprise crypto solutions for our customers around the world.” Source

Crypto CEO Says Get Ready For Solana To ‘Rally Higher Again’ With New Target

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Founder and Chief Executive Officer (CEO) of Evai Crypto Ratings, Matthew Dixon, has expressed optimism about the Solana future price outlook, projecting a new bullish target for the cryptocurrency.  CEO Predicts Bullish Outlook For Solana In a recent post on X (formerly Twitter), Dixon shared a Solana and USD pair price chart originally published on TradingView, a crypto analysis platform. The crypto CEO indicated that the ongoing price correction for Solana, identified as “wave 4 (blue)” on the price chart, has not concluded and is expected to experience further declines. …

This Memecoin Can ‘Rival Dogecoin And Shiba Inu’: Crypto CEO

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Andrew Kang, co-founder of Mechanism Capital, has recently stirred the crypto community with his announcement on X (formerly Twitter) about the firm’s strategic shift towards a highly specific and potentially volatile segment of the crypto market: Trump-themed meme coins and NFTs. This move marks Mechanism Capital’s pioneering investments for 2024, targeting a niche yet explosive area of digital assets that intertwine the realms of politics and meme culture. Leveraging The Attention Economy At the heart of Mechanism Capital’s investment strategy is the concept of the attention economy, which Kang describes…