Weekend Round-Up: Bitcoin's New Role, Hacked CEOs And Big Bets on Crypto

Benzinga_recent_news07-19 20:31

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 ...

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From CEOs discussing the future of Bitcoin to unexpected hacks, the industry was buzzing with news.\nHere’s a quick recap of the top stories that made headlines.\nCoinbase 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.\nRead the full article here.\nIn 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.\nRead the full article here.\nReal 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.\nRead the full article here.\nBitcoin 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.\nRead the full article here.\nBlackRock 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.\nRead the full article here.\nBanking 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.\nRead the full article here.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652257815","isCrawlerRequest":true}