|All Time High:
|The last known price of #CEO is $0.00413 USD.
Please note that the price of #CEO was last updated over 330 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #CEO statistics should be considered as 'last known value'.
The lowest CEO price for this period was $0, the highest was $0.00413, and the exact last price of CEO was $0.00412871.
The all-time high CEO coin price was $0.00635.
Use our custom price calculator to see the hypothetical price of CEO with market cap of SOL or other crypto coins.
|The code for Mr Beast crypto currency is #CEO.
Mr Beast is a newer coin by our records, at least 3.3 months in age.
|The current market capitalization for Mr Beast is not available at this time.
Mr Beast is ranked #10968 out of all coins, by market cap (and other factors).
|There is an unknown volume of trading today on #CEO.
|The total supply of CEO is 1,000,000 coins, which is 100% of the maximum coin supply.
Note the unusually low supply of Mr Beast coins which adds to rarity of this cryptocurrency and increases perceived market value.
|CEO has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on probably at least one crypto exchanges but we don't have this data.
View #CEO trading pairs and crypto exchanges that currently support #CEO purchase.
More Mr Beast (#CEO) News
|Crypto CEO Drops Bombshell Discovery Why Bitcoin Price Is Muted Post-ETF...
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 ETFs within a mere six-week span. These could have been even significantly higher if there would have been $7.398 billion in outflows from Grayscale's GBTC.
The Bombshell Discovery
Yet, CryptoQuant CEO Ki Young Ju may now have found the “real” reason that has had an even bigger impact on Bitcoin's price action in recent weeks. Ju's analysis highlights the transfer of over 700,000 BTC to Over-The-Counter (OTC) desks predominantly utilized by miners in the weeks succeeding the spot Bitcoin ETF approvals—an equivalent of approximately $35.6 billion at current prices.
He shared the below chart and stated: “700K BTC has moved to OTC desks used by miners over the past three weeks following spot Bitcoin ETF approval.” This revelation has sparked a reevaluation of the impact of such substantial transfers on the market dynamics of Bitcoin.
Ju later corrected his statement slig...
|GBTC Experiences Record Bitcoin Outflow; Blockguard CEO Advises Investor...
Grayscale's spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $556 million, exited the fund after Monday's trading activities.GBTC Sees $556 Million Leave, Bitcoin Prices Slide Beneath $39K
Recent figures indicate a notable decrease in Grayscale's spot bitcoin ETF holdings, declining from 566,973.40 BTC on Friday to 552,681.22 BTC currently. This reduction highlights that the fund's most recent outflow is its largest to date, with 14,292.18 BTC, equivalent to $556 million, departing from the trust. Since Jan. 12, 2024, GBTC has seen its reserves diminish from 617,079.99 BTC to its present level, a loss of roughly 64,398.77 BTC, now valued at just over $2.5 billion.
On Jan. 22, the trade volumes for spot bitcoin ETFs reached $2.09 billion, with GBTC volume contributing $1.08 billion to this total. The latest figures reveal that Blackrock's IBIT spot bitcoin exchange-traded fund (ETF) has experienced a notable uptick in its holdings, currently possessing 39,925.37 BTC as of Jan. 22, 2024. In a similar vein, Fidelity's Wise Origin spot bitcoin ETF, known as FBTC, now boasts a holding of 30,169.54 BTC.
Grayscale's outflows and the declining value of bitcoin have sparked widespread discussion on social media platforms. Bitcoin's price has slid below the $39K threshold. Etoro's market strategist, Simon Peters, commented on Monday mornin...
|Grayscale's 4K Bitcoin Transfer, Blackrock CEO Favorable on Bitcoin, Rip...
Grayscale stirred speculation by transferring 4,000 bitcoins, while Blackrock CEO Larry Fink endorsed bitcoin as 'digital gold,' surpassing government influence. In regulatory news, Ripple's XRP was removed from Hong Kong Virtual Asset Consortium's top crypto index. Meanwhile, Elon Musk reaffirmed his commitment to Dogecoin, along with revealing that his company Spacex holds a substantial amount of bitcoin.Grayscale's 4,000 Bitcoin Transfer Worth $175M Stirs Speculation
Recent blockchain analytics reveal that 4,000 bitcoins, valued at approximately $175 million, have been transferred from addresses believed to be controlled by Grayscale's Bitcoin Trust, commonly referred to as GBTC.
Blackrock CEO Larry Fink on Bitcoin: I'm a Big Believer
Larry Fink, the CEO of Blackrock, the world's largest asset manager, says he has become 'a big believer' in bitcoin, emphasizing that it is 'bigger than any government.' Calling the cryptocurrency 'digital gold,' the executive stressed: 'Unlike gold, where we manufacture new gold, we're almost at the ceiling of the most of the amount of bitcoin that could be created.'
Ripple's XRP Ousted From Hong Kong Top Crypto Index
As Hong Kong strengthens its crypto regulatory framework and embraces ETFs, the Hong Kong Virtual Asset Consortium (HKVAC) has updated its top crypto indexes, showing a preference for tokens with market performance and growing industry partnerships.
Elon Musk Still Owns Dogecoin - Spacex Owns B...
|Here's Why Grayscale's Bitcoin ETF Charges the Highest Fees: CEO Sonnens...
In a recent discussion with CNBC, Grayscale's CEO, Michael Sonnenshein, shed light on the company's decision to offer the highest fee among the 11 issuers of spot Bitcoin ETFs in the United States.
Amid this 1.5% fee, Grayscale's newly converted spot Bitcoin ETF has attracted the most substantial trading volumes compared to other issuers. Sonnenshein shared the rationale behind Grayscale's decision to maintain the highest fees and emphasized the significant market share the investment firm has secured.
GBTC Sees Over $25B in AUM
A few days before the approval date of the ETFs, most of the financial companies that had filed for the investment vehicle and were awaiting approval started reducing their fees to attract more investors. Firms like BlackRock, Fidelity, WisdomTree, and others joined the frenzy by downsizing their fee structure, with some even introducing a zero-fee structure.
Since the approvals, some of these Bitcoin ETF issuers have slightly increased their fees after gaining user attention. On the other hand, Grayscale maintained its stance on a 1.5% fee. Despite having the highest fee, the firm currently records over $25 billion in assets under management (AUM) for its Grayscale Bitcoin Trust ETF (GBTC).
Why is Grayscale's Fee the Highest?
Explaining the reasons for his comment, Sonnenshein said:
'Investors are weighing heavily things like liquidity and track record and who the actual issuer is behind the product. Grayscale is a crypto specialist. And it has reall...
|Here's What Ripple (XRP) CEO Had to Say About the Bitcoin ETFs
Ripple CEO Brad Garlinghouse has expressed his validation of the United States Securities and Exchange Commission's decision to authorize financial institutions to offer investors spot Bitcoin exchange-traded fund (ETF) products.
In a recent interview with FOX Business, the Ripple boss noted that the approval from the financial regulator is a step closer to bringing cryptocurrencies like Bitcoin into the mainstream.
Ripple CEO: Spot Bitcoin ETF Approval is a Very Big Deal
A spot Bitcoin ETF is an investment vehicle that allows financial companies to offer a BTC-backed asset to retail and institutional investors. The mechanism of the product mandates that the issuing companies purchase actual BTC, thereby boosting the asset's demand. On the other hand, investors can invest in Bitcoin the same way they trade stocks and similar products in traditional financial markets without directly holding the cryptocurrency.
In the interview, Garlinghouse emphasized that the newly approved product will enable more institutions to invest in the crypto industry. In his words, the spot Bitcoin ETF approval 'is a very big deal.'
The Ripple chief also explained his company's role in the new movement. He noted that Ripple's mission as a global payment solution aligns with Bitcoin's narrative as an electronic payment system and other financial institutions' efforts to invest in the asset class.
Notably, the driving force behind Garlinghouse's enthusiasm is not far-fetched. Three days after the SEC...
|ChatGPT Can Regulate the US Crypto Market Better Than the SEC: Ripple CE...
Ripple's CEO criticized the SEC for inadequate crypto regulation in the US and suggested that even ChatGPT could offer more regulatory guidance.
Ripple has gained an upper hand in its ongoing legal battle with the SEC, with key partial victories last year.
The outcome of the lawsuit, set for trial in April 2024, is highly anticipated in the crypto community, as it could significantly impact XRP's price and the broader market.
Criticizing the SEC
Ripple's CEO - Brad Garlinghouse - once again lambasted the US Securities and Exchange Commission (SEC) for the lack of appropriate crypto rules in the States. He reminded that other countries and regions, including Japan, the United Kingdom, the European Union, and more, have worked on implementing a regulatory framework.
Garlinghouse went even further, claiming that a simple typing on the AI-powered chatbot ChatGPT would be more efficient than everything the Commission has done so far:
'I've jokingly suggested maybe what we should do is type on ChatGPT how should the US regulate crypto and that's more than the SEC has done and it's frustrating.'
Ripple's boss believes that the watchdog's Chairman, Gary Gensler, has been quite hostile toward the digital asset sector, imposing 'regulation through enforcement.'
Subsequently, Garlinghouse outlined the CFTC as a 'much more natural regulator.' It is worth noting that the agency supervises the trading of commodity futures, options, and swaps, while the SEC focuses ...
|Circle CEO Jeremy Allaire at Davos Tokenization Panel: 'It's Coming on i...
Jeremy Allaire, CEO of Circle, the stablecoin company, stated that tokenization adoption will keep growing after the spot Bitcoin ETF approval and the endorsement of Blackrock. He believes that financial companies might be issuing tokenized versions of their assets this year and criticized the 'same activity, same rules' regulatory principle.Circle CEO Jeremy Allaire States Tokenization 'Is Coming' at Davos
Jeremy Allaire, CEO of Circle, the issuer of the USDC stablecoin, stated that the tokenization of assets will be a part of the evolution of financial companies this year. Tokenization tech, which involves creating a digitized version of an asset and putting it into a blockchain, is likely to grow this year due to its benefits versus traditional finance processes.
At a panel titled 'The Tokenization Economy,' Allaire highlighted that the endorsement of Larry Fink, CEO of Blackrock, one of the world's largest asset managers, on tokenization tech means that it is poised to be adopted in financial markets sooner than later.
On Fink's tokenization remarks, Allaire stated:
It suggests confidence that tokenization is going to be coming on in a significant way. That we’re going to see some of the very biggest asset issuers in the world issuing tokenized versions of those assets this year. That’s significant.
Nonetheless, Allaire also acknowledged the difficulties of dealing with an unclear regulatory policy for digital assets in the U.S., where the U.S. Securities and...
|JPMorgan CEO Advises Investors to Stay Away From Bitcoin — 'My Per...
Jamie Dimon, the CEO of JPMorgan Chase, has advised investors to stay away from bitcoin. 'My personal advice is don't get involved,' he said. 'But I don't want to tell anyone what to do. It's a free country.' The executive added that he doesn't care about Blackrock, the world's largest asset manager, embracing bitcoin, insisting that the cryptocurrency's use cases are illicit activities.JPMorgan CEO's Bitcoin Investing Advice
The CEO of JPMorgan Chase, Jamie Dimon, once again weighed in on bitcoin and crypto investing in an interview with CNBC on Wednesday. His comments came amid growing institutional interest in crypto, with major asset management firms, like Blackrock, embracing BTC following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Dimon began by stating: 'Blockchain is real. It's a technology. We use it. It's gonna move money, it's gonna move data, it's efficient. We've been talking about that for 12 years too. And it's very small.' Regarding cryptocurrencies, the JPMorgan boss said there are two types. 'There's a cryptocurrency which might actually do something,' Dimon explained. 'If a cryptocurrency has an embedded smart contract in it, and then we can use it to buy and sell real estate, move data that may have value … tokenizing things that you do something with.'
The JPMorgan executive proceeded to describe the second type of cryptocurrency. 'And then there's one which does nothing, I called...
|Ripple Considers IPO Outside US Amid 'Hostile' SEC Environment, Says CEO
Ripple CEO Brad Garlinghouse disclosed to CNBC that the company had been actively exploring markets outside the United States for its much-anticipated initial public offering (IPO).
Garlinghouse attributed this strategic move to what he described as a 'hostile' regulatory environment in the U.S. Nevertheless, the company has currently halted any intentions of pursuing an IPO.
Ripple Explores Global IPO Options Amid Regulatory Challenges
The decision to look beyond American borders for an IPO comes as Ripple navigates an ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), a case initiated in 2020 that has yet to reach a resolution.
The CEO had previously expressed intentions to pursue a public listing once the regulatory dispute had concluded. Speaking at the World Economic Forum in Davos, Switzerland, Garlinghouse shed light on Ripple's decision to look beyond U.S. borders.
He stated that the company had explored jurisdictions with 'clear rules of the road' to facilitate a smooth IPO process. The Ripple CEO expressed frustration with the SEC's stance, emphasizing the challenges faced by companies attempting to go public amid regulatory scrutiny.
He drew attention to the SEC's lawsuit against Coinbase, a U.S.-based cryptocurrency exchange which, despite the SEC previously approving its S-1 filing, was later sued for alleged violations outlined in its S-1.
'In the United States, trying to go public with a very hostile regulator that’s ap...
|Ripple CEO Blasts Gary Gensler as 'Political Liability'— Says New ...
The CEO of Ripple, Brad Garlinghouse, has slammed the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, as a “political liability.” Emphasizing that Gensler is not acting in the interests of the people or the long-term growth of the economy, the Ripple executive said: 'I think at some point there will be a new chair of the SEC, and I think that will be a good thing for the American people.'Garlinghouse Calls SEC Chair a 'Political Liability'
Ripple CEO Brad Garlinghouse directed strong criticism towards U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler in Davos on Tuesday. Calling Gensler a 'political liability' due to his approach to the crypto industry, Garlinghouse said:
I do think the chair of the SEC, Gary Gensler, is a political liability in the United States. And I think he’s not acting in the interests of the citizenry, he’s not acting in the interests of the long-term growth of the economy, and I don’t understand it.
“I think at some point there will be a new chair of the SEC, and I think that will be a good thing for the American people,' the Ripple executive opined.
Despite approving 11 spot bitcoin ETFs last week, SEC Chair Gary Gensler clarified that this does not constitute an endorsement of bitcoin. He reiterated his warnings about the risks associated with crypto investments. Furthermore, Gensler sees an irony in the approval, noting that it has led to the centralization of what'...
|Circle CEO Jeremy Allaire: 'Stablecoins Are Set to Change the Financial ...
Jeremy Allaire, CEO of Circle, a stablecoin company, has declared that blockchain systems are the new infrastructure layer of the internet and that stablecoins are at its core, providing value that is 'nearly instant, nearly free and global in scale.' Allaire believes this tech is reaching a level where millions can use it without having to understand its complexity.
Circle's Jeremy Allaire: Stablecoins Are the 'Critical Element' for a New Internet Financial System
Jeremy Allaire, the CEO of Circle, the issuer of the second largest stablecoin of the cryptocurrency market, believes that stablecoins will become the pivot of a new blockchain-based economic system. In an article written as part of the World Economic Forum meetings at Davos, where Circle is participating, Allaire laid his beliefs about the future of blockchain networks and the significance of stablecoins for this surging economy.
Circle's CEO remarked that this year, the interest in blockchain networks has peaked, with traditional financial institutions like Blackrock, JPMorgan, Standard Chartered, HSBC, and Goldman Sachs all announcing their involvement in blockchain-based projects. Allaire sees this interest as a natural support for the technology that 'is poised to eat the world of money.'
Allaire explains stablecoins will be at the center of all this activity, given their almost universal applications, which range from traditional commercial uses to transferring value to people who lack access to a conne...
|Cantor Fitzgerald CEO Foresees Bitcoin Rally at Next Halving, Affirms Te...
Howard Lutnick, CEO of the renowned financial services company Cantor Fitzgerald, recently shared his insights on bitcoin and tether during an appearance at the World Economic Forum in Davos on Tuesday. Lutnick drew parallels between the fervor around spot gold exchange-traded funds (ETFs) and the anticipated trajectory of bitcoin.Howard Lutnick Projects Bitcoin Rally Post-Halving, Validates Tether's Reserve Strength
The Cantor Fitzgerald chief Howard Lutnick has observed that bitcoin (BTC) experienced a significant surge and is now maintaining a stable performance. However, Lutnick anticipates a notable upswing in bitcoin's value with the onset of the halving event.
'Bitcoin ran up and it's gonna kind of stay steady. But when the halving comes, it's going to start to rally again - so bitcoin I think will grow,' he asserted to Bloomberg at the World Economic Forum event in Davos.
Shifting the focus to tether (USDT), the foremost stablecoin in terms of market capitalization, currently valued at $94.8 billion and witnessing a 4.6% increase in supply over the past month, Lutnick offered insights into Cantor's involvement with the stablecoin issuer.
He underscored that Cantor plays a significant role in managing numerous assets for Tether and expressed confidence in the company's financial standing. Lutnick concluded:
From what we've seen, and we did a lot of work, they have the money.
Lutnick's remarks stand in stark contrast to the skepticism surrounding Tether's reserves, a ...
|Cantor CEO Makes Gold And Bitcoin ETFs Comparison, Foresees True Rally W...
In a highly anticipated development, the United States Securities and Exchange Commission (SEC) granted regulatory approval for 11 spot Bitcoin ETFs, sparking excitement within the crypto community.
However, despite initial expectations of a significant price surge, the Bitcoin market has experienced an 8% price drop since the ETFs began trading.
Bitcoin ETFs To Unfold Impact Over Time?
Drawing a comparison with the launch of the first Gold ETF, Cantor Fitzgerald Asset Management CEO, Howard Lutnick, noted that the immediate rush to buy the asset did not materialize.
Lutnick remarks that historical data from the launch of the Gold ETF, SPDR Gold Shares (GLD), reveals that substantial price appreciation took place over several years.
When GLD was introduced in November 2004, the price of gold stood at around $700. By December 2023, it had surged to an all-time high of $2,145. The gold market capitalization, estimated at $1 trillion to $2 trillion pre-ETF approval, ballooned to $16 trillion within a few years.
Likewise, despite the initial hype surrounding the spot Bitcoin ETFs, experts suggest that the true impact of these ETFs will unfold over an extended period.
As reported by NewsBTC, market analysts at CoinShares estimate that the United States possesses around $14.4 trillion in addressable assets.
Assuming a conservative scenario where 10% of these assets invest in a spot Bitcoin ETF with an average allocation of 1%, it could potentially res...
|Vanguard Deepens Anti-Crypto Stance After Disallowing Spot Bitcoin ETF T...
Investing giant Vanguard has doubled down on its anti-bitcoin and anti-crypto stance after disallowing investors access to spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) this week. The firm has also announced that it will no longer accept the purchase of cryptocurrency products, including bitcoin futures ETFs. Ark Invest CEO Cathie Wood called this decision 'a terrible mistake' and 'a strategic blunder.'Vanguard's Anti-Crypto/Bitcoin Policy Intensifies
Investing giant Vanguard has doubled down on its anti-crypto and anti-bitcoin policy in addition to blocking customers from trading spot bitcoin exchange-traded funds (ETFs) recently approved by the U.S. Securities and Exchange Commission (SEC). A spokesperson for Vanguard told Axios Friday:
In addition to spot bitcoin ETFs not being available for purchase on the Vanguard platform, effective immediately, Vanguard will no longer accept the purchase of cryptocurrency products, including bitcoin futures ETFs.
'This change allows us to focus on offering a core set of products and services consistent with our commitment to serve the needs of long-term investors,' the spokesperson added.
When customers saw they couldn't trade new spot bitcoin ETFs on Thursday, Vanguard stated: 'Spot bitcoin ETFs will not be available for purchase on the Vanguard platform. We also have no plans to offer Vanguard bitcoin ETFs or other crypto-related products. Our perspective is that these products do not align with our ...
|Blackrock CEO Larry Fink on Bitcoin: I'm a Big Believer — Its Bigg...
Larry Fink, the CEO of Blackrock, the world’s largest asset manager, says he has become “a big believer” in bitcoin, emphasizing that it is “bigger than any government.” Calling the cryptocurrency “digital gold,” the executive stressed: “Unlike gold, where we manufacture new gold, we’re almost at the ceiling of the most of the amount of bitcoin that could be created.” Blackrock’s chief also sees value in having Ethereum exchange-traded funds (ETFs).Blackrock CEO Larry Fink Is a ‘Big Believer’ in Bitcoin
Larry Fink, the CEO of Blackrock, the world's largest asset manager, shared his outlook on bitcoin, crypto, and the spot bitcoin exchange-traded fund (ETF) market, in an interview with CNBC and Fox Business Friday. Blackrock's spot bitcoin ETF, the Ishares Bitcoin Trust (IBIT), was among the 11 spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) on Wednesday.
Describing bitcoin, Fink shared with Fox Business: 'If you're in a country where you're fearful of your future, fearful of your government, or you're frightened that your government is devaluing its currency by too much deficits, you can say this is a great potential long-term store of value. Like I said, it's like digital gold.' The Blackrock chief added:
It's an international ledger that's cross-border. It's bigger than any government.
In an interview with CNBC, Fink explained why he thinks the price of bitcoin will...
|Near Foundation Cuts Staff by 40%, CEO Says Organization Is in Good Fina...
The NEAR Foundation recently said it has let go of 35 workers as part of a realignment exercise that sees it 'focus on a narrower and higher-impact set of activities.' The foundation's CEO insisted that the job cuts did not in any way indicate that his organization was facing financial challenges.The NEAR Foundation's Record-Breaking Year
The NEAR Foundation announced on Jan. 11 that it had cut its staff by approximately 40% as part of a realignment process that will see it 'focus on a narrower and higher-impact set of activities.' Illia Polosukhin, the CEO of the Swiss-based nonprofit foundation, has however pledged to help the 35 employees find other opportunities in the Web3 industry.
According to his letter addressed to the NEAR community, the job cuts are coming off the back of what the CEO characterized as a successful 2023. Some of the successes achieved in the past year include the NEAR protocol becoming home to three top ten apps in Web3. In the same period, the NEAR protocol reportedly saw a record number of daily users.
However, despite these achievements, Polosukhin said a review of the NEAR Foundation’s activities showed that changes were needed to make the protocol even better. The CEO explained:
'During this process, we heard feedback that the Foundation has not always been as effective as it could be, sometimes moving too slowly and trying to do too many things at once. Following this review, we have decided to significantly consolidate the core Foundati...
|Starkware CEO Uri Kolodny Steps Down Due to Family Health Issues
Starkware faces a leadership transition as CEO Uri Kolodny resigns over pressing family health issues. While stepping down, Kolodny leaves the company in the hands of co-founder and friend Eli Ben-Sasson.Starkware Sees CEO Change as Uri Kolodny Resigns, Citing Family Health
Uri Kolodny, CEO of Starkware, announced his resignation from the company's top position due to pressing family health concerns. Kolodny, who co-founded the Ethereum scaling and privacy technology firm in 2008 with Eli Ben-Sasson, made the announcement via X.
In the announcement post, Kolodny expressed both pride in Starkware's achievements and sorrow at stepping back from day-to-day involvement. 'I am so very proud of what we’ve built. First and foremost: the people who have joined us in building Starkware and Starknet,' he wrote, acknowledging the talented team behind the company's success. Despite stepping down as CEO, Kolodny will remain active as a board member of both Starkware and the Starknet Foundation, ensuring his continued influence in the company's strategic direction.
Assuming the CEO role is co-founder Eli Ben-Sasson, the co-inventor of STARKs and current president of Starkware. Ben-Sasson's appointment is a natural transition, given his deep involvement in the company's technological advancements and long-standing partnership with Kolodny. 'Eli is many wonderful things... and we have been the closest of friends for 35 years, and closer still these past six years,' Kolodny noted.
|Ark Invest Now Sees Higher Probability of Bitcoin Soaring to $1.5 Millio...
Ark Invest CEO Cathie Wood has doubled down on her bullish bitcoin forecasts, now seeing a higher probability of the price of bitcoin soaring to $1.5 million per coin. She emphasized that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has raised the probability of her bull case prediction.Ark Invest Sees Increased Probability of Bitcoin Reaching $1.5 Million
Cathie Wood, the CEO of Ark Investment Management (Ark Invest), doubled down on her bitcoin price predictions on Thursday following the approval of 11 spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Referencing Ark's Big Ideas 2023, the asset management firm's yearly report highlighting 'the technological breakthroughs evolving today and creating the potential for super-exponential growth tomorrow,' Wood explained: 'Our base case is in the $600,000 range' for the price of bitcoin. Ark's 'bull case' prediction sees the price of BTC reaching $1.48 million per coin. Wood detailed:
We think the probability of the bull case has increased with this ETF approval, this is a green light. Our bull case is $1.5 million by 2030.
'This is a big idea. It is the first global decentralized digital … rules-based monetary system in history. It's a very big idea,' the Ark Invest executive opined.
Ark and 21shares' spot bitcoin ETF proposal was one of the 11 spot bitcoin ETFs approved by the SEC on Wednesday. On the first d...
|Crypto CEO Bets Big: 'Perfect Storm' Event To Slingshot Bitcoin To $1 Mi...
Crypto aficionados should have more reasons now to be upbeat. Samson Mow, prominent figurehead and former CSO at Blockstream, has ignited the Bitcoin landscape with a new, audacious prediction for the king of digital currencies.
He envisions a colossal price surge, aptly named the 'Omega Candle,' culminating in a staggering $1 million per coin milestone. This prophecy arrives alongside the recent approval of spot Bitcoin exchange-traded funds (ETFs) in the US, sending ripples of excitement through the market.
OMEGA IS COMING. #Bitcoin pic.twitter.com/CrJRkmFCym
— Samson Mow (@Excellion) January 11, 2024
Crypto: The 'Perfect Storm' To $1 Million
Mow paints a picture of a 'perfect storm' brewing, one fueled by a potent cocktail of bullish catalysts. The approval of spot ETFs by the SEC stands as the centerpiece, paving the way for institutional investors to finally enter the Bitcoin arena with ease.
This, Mow believes, could trigger a wave of advertising campaigns targeting traditional financial markets, drawing even more capital towards the digital gold.
Beyond the immediate impact of ETFs, Mow anticipates a ripple effect across the wider Bitcoin ecosystem. He cites potential nation-state adoption, similar to El Salvador's pioneering move, as another potential engine for growth.
#Bitcoin ETFs are approved & trading begins soon in the perfect storm.
ETF ad campaigns
Recursive Demand Shock
|Ark Invest CEO Expects Spot Bitcoin ETFs to Attract 'Substantial' Instit...
Ark Invest CEO Cathie Wood expects spot bitcoin exchange-traded funds (ETFs) to move the price of bitcoin 'much higher.' The securities regulator is expected to make a decision on spot bitcoin ETFs by Wednesday. 'We think that the SEC approval, should we and others get it, is a green light for institutions. We've been talking to quite a few of them, and they're much more interested now that the SEC effectively is paving the way,' the executive shared.Cathie Wood on Potential Spot Bitcoin ETF Approvals
The CEO of Ark Investment Management, Cathie Wood, shared her view on the potential spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC) in an interview with CNBC Monday. Her firm's joint proposal with 21shares is up for a decision on Wednesday, the first deadline for spot bitcoin ETF applications this year.
Regarding whether institutional investors are more open to investing in bitcoin with the expected approval of spot bitcoin ETFs, the Ark executive said:
We think that the SEC approval, should we and others get it, is a green light for institutions. We've been talking to quite a few of them, and they're much more interested now that the SEC effectively is paving the way.
When asked about whether her firm's spot bitcoin ETF proposal will be approved by the SEC, she replied: “We do think the probability is very high that the bitcoin ETF will be approved this week, and the reason, as we've been saying, is the SEC actually, ...
|Bitcoin Halving and Approved BTC ETF Will Enhannce Adoption: Tether CEO ...
Will Tether go public any time soon? What are the new CEO's plans for the company? What is keet io? Why is the Bitcoin Lightning network the best BTC payment solution? These and many more questions were answered by Paolo Ardoino, the new chief exec of the company behind the world's largest stablecoin, in a recent interview with CryptoPotato.
Additionally, he spoke about another project of his - keet io, which serves as a peer-to-peer web conferencing tool.
Last but not least, Ardoino gave his two cents about BTC's current rally, the halving, and whether or not there will finally be a spot Bitcoin ETF in the US.
Changes in Tether
During the first interview Ardoino had with CryptoPotato almost two years ago, the then-CTO refuted the claims that the company had any intentions to go public, similar to many other US-based digital asset firms, like Coinbase, which did so during the previous bull market.
A lot has changed in Tether since then, including Ardoino assuming the main executive position at the firm in October of this year. On the question of whether or not the company has changed its tune on going public, the new CEO said now:
'As I have stated previously, Tether is not planning to go public. Our focus remains on our mission, which is to serve a diverse range of customers worldwide, particularly those in emerging markets. We believe that our efforts should be concentrated on delivering value to our customers rather than pursuing short-term profits for shareholders.'
|Nasdaq-Listed Bitcoin Miner Cleanspark to Launch in-House Trading Desk, ...
Cleanspark, a Nasdaq-listed Bitcoin mining company, has announced that it will launch an in-house trading desk to maximize the return on its cryptocurrency holdings. Cleanspark CEO Zachary Bradford explained that organizing their trading desk made 'financial sense,' given the high volume of Bitcoin reserves the company handles.
Cleanspark Announces in-House Crypto Trading Desk
Cleanspark is moving to utilize its bitcoin to generate more revenue. The U.S.-based public mining company will launch an in-house cryptocurrency trading desk to take advantage of its bitcoin holdings later this year. According to Bloomberg, the company is seeking to put its more than 2,500 BTC to work amidst a surge in cryptocurrency prices due to the expectation of the upcoming approval of a Bitcoin ETF.
The company is not the first crypto miner to do this. Marathon, another public cryptocurrency miner, has sold call options to generate income from its holdings.
Cleanspark CEO Zachary Bradford explained the economic advantages of doing this in-house instead of contracting third-party companies. He stated:
We really think that doing it ourselves is the best way especially with the large Bitcoin balance we have. It just makes financial sense to do it in-house.
The move is consistent with Cleanspark's reported strategy during its Q4 2023 earnings call, where it stated it would be 'opportunistic' in using its bitcoin stash, considering it a 'smart treasury t...
|Report: CEO of Collapsed Crypto Investment Scheme Hyperverse May Not Exi...
A probe into the affairs of the collapsed crypto fund Hyperverse has determined that its highly educated CEO may not exist. The investigation also found that before its collapse, Hyperverse and its CEO both enjoyed celebrity support. The CEO's Records Do Not Exist
An investigation into the circumstances that led to the collapse of the crypto venture fund Hyperverse has determined that Steven Reece Lewis, the company’s supposed CEO, may not exist. According to the findings of the probe, neither the University of Leeds nor the University of Cambridge have any record of Lewis as a graduate of their respective institutions.
The investigation, which was carried out by The Guardian Australia, also revealed that Lewis’ name cannot be found on either the U.K. companies’ register or with the U.S. Securities and Exchange Commission. Similarly, the tech firm Adobe and the financial services giant Goldman Sachs have no record of the collapsed crypto fund’s CEO.
Businessman Sam Lee and his business partner, Ryan Xu, are suspected to be the brains behind Hyperverse, but both have reportedly denied claims linking them to the collapsed firm.
Besides using fake qualifications and a non-existent CEO, promoters of Hyperverse also used celebrity endorsements to give the scheme a semblance of legitimacy. Some of the celebrities who have appeared in videos endorsing both Lewis and the crypto fund are Steve Wozniak, Chuck Norris, Jim Norton, and Lance ...
|Crypto Fraud Unveiled: $1.3B Loss As Chuck Norris-Endorsed CEO Turns Out...
In a recent investigation by The Guardian, alarming details have emerged regarding a crypto project, HyperVerse, that allegedly lost $1.3 billion of investors' funds.
The report reveals that the chief executive officer promoted by the project, supposedly backed by celebrity endorsements including Chuck Norris, appears to be absent.
Investigation Exposes HyperVerse Crypto Scam
HyperVerse, promoted by Australian entrepreneur Sam Lee and his business partner Ryan Xu, founders of the now-collapsed Australian Bitcoin (BTC) company Blockchain Global, has been scrutinized for its deceptive practices. The project attracted thousands of investors, who ultimately lost millions of dollars.
The investigation raises concerns about the legitimacy of HyperVerse's CEO, as the qualifications and credentials attributed to the supposed chief executive, Steven Reece Lewis, have no basis.
Promotional material released for HyperVerse claimed that Lewis graduated from the University of Leeds and held a master's degree from the University of Cambridge.
|Tether CEO Paolo Ardoino Celebrates USDT's $91.5B Market Cap: 'Tether Ev...
Tether CEO Paolo Ardoino made a retrospective about the company's growth since its beginnings. In a post in X, Ardoino celebrated the current standing of the company, with its USDT stablecoin reaching a $91.5 billion market cap on several blockchains, $4 billion in excess reserves, and a portfolio of mining, energy, and artificial intelligence (AI) investments.
Paolo Ardoino Celebrates Tether
Paolo Ardoino, CEO of Tether, the company behind the issuance of USDT, remarked on the evolution of the company, noting the size and significance it has reached for 'millions of people,' especially in emerging markets and developing countries.
Making an emphasis on the growth of the company and its change in recent years, Ardoino stated:
Tether evolved. We listened to our community, we learned and improved. It's a process. Always will be. No company has the luxury to exist without challenges. But the team kept its focus. Through the fire and the flames, we carry on.
Ardoino also praised USDT reaching $95.4 billion in market cap, becoming the largest stablecoin in the cryptocurrency market, with $4 billion in excess reserves that are separated from the actual reserves backing the USDT available on the market.
Tether has not sat idle over these earnings, though, as it has slowly invested in several initiatives involving mining, energy renewables, development platforms, and artificial intelligence (AI). Ardoino mentioned Holepunch, Synonim, No...
|Ark Invest CEO Cathie Wood Expects Spot Bitcoin ETFs to Boost BTC Price ...
Cathie Wood, CEO of Ark Investment Management, foresees widespread institutional involvement in spot bitcoin exchange-traded funds (ETFs) following anticipated approval by the U.S. Securities and Exchange Commission (SEC). 'All we need is for the trillions of dollars in institutional assets out there to allocate maybe 0.1% or 0.2% to an ETF, which will be one of the easiest ways to gain exposure and one of the most efficient ways to gain exposure to bitcoin,' she explained, adding: 'That will move the price significantly.'Ark Invest CEO Cathie Wood on Spot Bitcoin ETF Approval
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, shared her perspective regarding spot bitcoin exchange-traded funds (ETFs) in an interview with Yahoo Finance on Tuesday. Ark Invest is among the applicants seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a spot bitcoin ETF. The deadline for the securities regulator to make a decision on whether to approve or deny Ark's application is Jan. 10.
Commenting on the SEC's attitude regarding spot bitcoin ETFs, Wood opined: 'Something did change within the last month to six weeks. After being denied several times by the SEC without hearing from anyone at the SEC, we and others we know have gotten questions from the SEC — very thoughtful, detailed, technical questions. That's a very positive move. And it's not just one set of questions. It's follow-up questions. That is really good.'
The Ark Invest executive ...
|Tether's USDT Latest ATH, Plans for 2024, and Diverse Projects: CEO Ardo...
Tether, the company behind the popular stablecoin USDT, announced a significant milestone in its growth, with its market value reaching $91 billion.
It was also revealed that over 2023, the firm has added approximately $4 billion in excess reserves to its stablecoin's consolidated reserves, showcasing its commitment to stability and resilience in the volatile digital currency market.
Tether's Ardoino Reveals Company's Growth and Plans
The announcement was made by Tether's CEO, Paolo Ardoino, who detailed the company's journey and its plans for the future.
I remember when I spoke for the first time in front of a public audience about @Tether_to .
It was March 2020, in London, at the CryptoCompare conference.
The title of my speech was 'Tether: a story of innovation'.
I never did public speaking before.
I was excited and quite shy…
— Paolo Ardoino (@paoloardoino) December 26, 2023
Ardoino reminisced about his first public speech at the CryptoCompare conference in March 2020. Describing the event as a moment of innovation storytelling for Tether, he reflected on the challenges and successes the company has faced.
'Tether evolved. We listened to our community, we learned and improved,' Ardoino shared, highlighting the company's commitment to resilience and innovation.
The CEO also highlighted the success of Tether's USDT as not just a financial instrument but an innovation that has gained the trust of millions worldwide, particularly in emerging markets and develo...
|Former Bitmex CEO Arthur Hayes: ETF Success' Might 'Destroy Bitcoin'
Arthur Hayes, former CEO of Bitmex and cryptocurrency market analyst, pondered about the success of an upcoming spot bitcoin ETF and its effect on the future of bitcoin. Hayes states that the popularity of these ETF derivatives might concentrate the custody of all the bitcoin in a few hands that won't move it, forcing miners to capitulate due to a lack of activity in the blockchain.
Arthur Hayes Believes ETFs Might Cause the Demise of Bitcoin
Former Bitmex CEO Arthur Hayes believes that the success of an upcoming spot bitcoin ETF might endanger the existence of the Bitcoin network. In his most recent blog post, 'Expression,' Hayes presents a hypothetical situation in which bitcoin is all in the hands of a few financial firms, like Blackrock.
If this happens, Hayes anticipates this will destroy bitcoin as a store of value, given that it is different from all of the assets traded in financial markets until now.
Bitcoin is the first monetary asset in human history that exists only if it moves. But if there was never another Bitcoin transaction between two entities, miners would be unable to afford the energy it costs to secure the network.
The result of this would be the shutdown of the whole Bitcoin network due to the starvation of miners who will receive fees only from bitcoin transactions after the subsidy ends circa 2140.
Hayes adds that this could happen if users come to value bitcoin as a financial asset more than a store of value, favoring the p...
|Galaxy Digital CEO Mike Novogratz Expects Spot Bitcoin ETF Approval by J...
Galaxy Digital CEO Mike Novogratz expects the U.S. Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF) by Jan. 10 next year. Subsequently, he foresees the cryptocurrency reclaiming its all-time high of $69,000 and wouldn't be surprised if it surpasses that price level. The executive also predicts progress in U.S. crypto regulation, expecting changes in leadership at the Treasury Department and the SEC after the upcoming presidential election.Mike Novogratz's Crypto Predictions
The CEO of Galaxy Digital, Mike Novogratz, discussed his perspectives on the crypto market and his expectations regarding the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) in an interview with CNBC earlier this week.
Regarding spot bitcoin ETF approvals, the Galaxy Digital boss said:
We are gonna get this ETF before January 10th.
Novogratz added that spot bitcoin ETFs will likely take six to eight weeks after approval to start trading. 'After that, it's just more fuel for a fire,' he stressed, emphasizing: 'Crypto stocks are trading like a maniac.'
He preceded to outline the impact of institutions putting 1% of their portfolios into bitcoin or spot bitcoin ETFs. 'There isn't a lot of supply in bitcoin,' he began. 'We have customers that are platform customers and [they] buy enough bitcoin every day to take out all the miners,' the executive claimed, adding: 'When you think about the supply/demand dynam...
|Coinbase CEO Affirms Crypto as the Future of Money
In a recent blog post, Coinbase CEO and Co-founder Brian Armstrong expressed the belief that cryptocurrency is not just a passing trend but represents the future of money.
Notably, Coinbase is on a mission to expand economic freedom for more than a billion people, emphasizing the transformative potential of the asset class in reshaping the financial landscape and empowering individuals globally.
Coinbase to Focus on Building Trusted and Compliant Products
The growing adoption of cryptocurrency is driven by consumers who expect their money to move with speed, reach, and autonomy that traditional financial institutions and online payment systems often cannot provide, according to Armstrong.
Many individuals seek alternatives to the current financial system, with 52% of adults aged 18-40, six in 10 Black Americans, and nearly half (47%) of Hispanic Americans actively exploring alternatives in the U.S.
As cryptocurrency usage expands, Armstrong states the company is focused on building trusted, compliant products and services, supporting developers, and advocating for fair regulations to make the benefits of crypto accessible globally. These services include Coinbase Wallet, Base, and an International Exchange.
Armstrong also highlights Coinbase's international expansion strategy, 'Go Broad, Go Deep,' which focuses on accelerating worldwide crypto adoption. The company, he noted, recently obtained licenses or expanded its presence in key markets, including Canada, Spain, and Berm...