đ Crypto drama alert! đ
Rumors of Coinbase issuing Bitcoin IOUs to BlackRock were swiftly debunked by industry experts and Coinbase CEO Brian Armstrong. đ Over the weekend, crypto analyst Tyler Durden and Tron founder Justin Sun stirred the pot with allegations of market manipulation and lack of transparency around Coinbase's new wrapped bitcoin product (cbBTC).
Armstrong clarified that ETFs are settled on-chain within a day, and institutional clients have trade financing options. Bloomberg's James Seyffart dismissed the rumors as "bad takes on ETFs," urging more transparency from issuers like BlackRock.
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