Bitcoin, ethereum and other major cryptocurrencies, including the meme-based dogecoin and Ripple’s XRPXRP, came dangerously close to Armageddon last month.
Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster
The bitcoin price rally this year has stalled after bitcoin doubled since the beginning of the year, with surprise White House contender Robert F. Kennedy Jr. (RFK Jr.) issuing a shock bitcoin “slavery” warning.
Now, with crypto watchers already gearing up for a major earthquake next year, traders are braced for mercurial billionaire Elon Musk to lob a (yet another) grenade into the crypto market that could play havoc with the price of bitcoin, ethereum, XRP, dogecoin and other major coins.
It’s at the start of a bull run you need up-to-date information the most! Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market
Musk’s X, the social media platform owned by the Tesla billionaire and widely known as Twitter, is plotting to turn the app into a financial-data giant with a trading platform built inside the app, it was reported by Semafor, citing anonymous sources and a leaked document it claims was sent by X to financial data providers, asking for quotes for financial content, real-time stock data, and other features.
“Real-time information is a powerful force, especially in the world of investing,” the request for proposals reads, adding: “Twitter’s real-time, public platform has become the heartbeat of the financial community.”
However, despite some data providers indicating they’d be interested in the work, Musk denied knowledge of the plans. “No work is being done on this to the best of my knowledge,” Musk posted to X (Twitter) after the report’s publication.
“X is an increasingly important part of the DIY investing community,” a representative for eToro told Semafor. “We are hugely excited to see how X will develop and are in close contact with the team around future projects.” The share price of trading app Robinhood fell sharply after the report was published.
Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious
“Cryptocurrencies are now a staple part of the financial world and so their inclusion as a payment option for the rebranded Twitter platform would make complete sense,” Louis Schoeman, managing director at Forex Suggest, said in emailed comments.
“Just this April, Musk teased that dogecoin payments could be coming to Twitter when he suggested that dogecoin could be a payment option for the platform’s premium service, Twitter Blue. The fact that TeslaTSLA already accepts dogecoin payments in its online store sets a precedence for its inclusion in other parts of Musk’s business empire, with X being the logical next step in that process.”
Musk has repeatedly said he wants to turn X (Twitter) into an all-singing, all-dancing WeChat-style super app. Last month, Musk briefly added the dogecoin Ð symbol to his X account—with bitcoin and crypto market watchers predicting Musk’s plans for X could be an “absolute game-changer.”
Follow me on Twitter.
Credit: Source link
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
Solana 
USDC 
Dogecoin 
Lido Staked Ether 
TRON 
Cardano 
Wrapped stETH 
Ethena USDe 
Wrapped Bitcoin 
Wrapped Beacon ETH 
Chainlink 
Figure Heloc 
Avalanche 
Hyperliquid 
Stellar 
Sui 
Bitcoin Cash 
Wrapped eETH 
WETH 
Hedera 
LEO Token 
USDS 
Litecoin 
Binance Bridged USDT (BNB Smart Chain) 
Shiba Inu 
Cronos 
Toncoin 
Coinbase Wrapped BTC 
USDT0 
Ethena Staked USDe 
WhiteBIT Coin 
Polkadot 
Monero 
Mantle 
World Liberty Financial 
Dai 
Uniswap 
Aave 
OKB 
Ethena 
Pepe 
MemeCore 
Bitget Token 
NEAR Protocol 
Aster 