Weekend Round-Up: Bitcoin's New Role, Hacked CEOs And Big Bets on Crypto
This week was a whirlwind of activity in the crypto world. From CEOs discussing the future of Bitcoin to unexpected hacks, the industry was buzzing with news.
Here’s a quick recap of the top stories that made headlines.
Bitcoin: The New ‘Digital Gold’
Coinbase CEO Brian Armstrong has declared Bitcoin as the new ‘digital gold’ during a podcast with entrepreneur Nikhil Kamath. Armstrong believes that the biggest opportunity for the industry lies in rebuilding the global financial system on blockchain rails, rather than in speculative trading.
Airbnb CEO’s Account Hacked
In a surprising turn of events, Airbnb Inc. CEO Brian Chesky revealed that his X account was hacked earlier this week. The hacker used the account to promote real-world asset tokenization, leading to an influx of new crypto followers.
Grant Cardone’s Bitcoin Stash Grows
Real estate mogul Grant Cardone has added another 10.5 Bitcoin to his treasury using rental income from his real estate portfolio. Cardone Capital remains committed to converting a portion of its free cash flow into Bitcoin through a dollar-cost averaging strategy.
Bitcoin Traders Bet On Upside
Bitcoin traders are betting on an upside as the options put/call ratio fell to a six-month low near 0.59. This shift in sentiment suggests growing confidence that Bitcoin will hold and push higher from current levels.
BlackRock CEO Bullish On Bitcoin
BlackRock CEO Larry Fink expressed his bullish outlook on Bitcoin, stating that the cryptocurrency has more stability at current levels. Fink also shared his optimism about the markets over the next 12 months.
Morgan Stanley’s Ethereum, Solana ETF
Banking giant Morgan Stanley has submitted amended filings for two funds: the Morgan Stanley Ethereum Trust ETF and the Morgan Stanley Solana Trust ETF. Both funds will have a management fee of 0.14% and built-in staking capabilities.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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