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OPAP Cyprus Announces New CEO And Board Of Directors

by THEFUTURE.TEAM

August 5, 2024

OPAP Cyprus has appointed Alexandros Davos as the new CEO, effective immediately. Davos joined the company in June 2023 as General Commercial Director and took on managerial responsibilities in January 2024, significantly contributing to the company’s operations.

Alongside this appointment, OPAP Cyprus has restructured its Board of Directors, welcoming new members to support the company’s future endeavours, particularly following the recent 15-year concession agreement with the Cypriot government. The board now includes Kamil Ziegler as President and members Jan Karas, Maki Georgiou, Christos Pitta, Fotis Zisimopoulos, Elias Katsaros, Petros Xarchakos, and Panos Gavriil.

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In his new role, Davos is expected to drive strategic initiatives and leverage his commercial expertise to further enhance OPAP Cyprus’ market position. The company’s decision to refresh its leadership team reflects a broader strategy to adapt to evolving market conditions and regulatory environments.

The company expressed gratitude to the outgoing board members, Charalambos Christou and Isidoros Makridis, for their dedicated service and contributions. Their tenure saw substantial developments within OPAP Cyprus, setting a solid foundation for the new leadership to build upon.

This leadership transition comes at a pivotal time for OPAP Cyprus as it navigates the complexities of the gaming industry and seeks to expand its footprint within the region. The new board members bring a wealth of experience and a diverse set of skills that are anticipated to drive innovation and operational excellence.

As OPAP Cyprus embarks on this new chapter, the company’s stakeholders and market observers will be keenly watching how these changes will influence its strategic direction and performance in the competitive gaming sector.

The appointment of Davos and the refreshed board is a strategic move designed to align the company with its long-term goals, ensuring sustainable growth and continued success in the Cypriot market.

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Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

August 21, 2026

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

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Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.