Elon Musk

Elon Musk is a prominent figure in the world of cryptocurrencies, known for his involvement and influence within the industry. As the CEO of Tesla and SpaceX, Musk has garnered significant attention for his interest and support of digital currencies like Bitcoin and Dogecoin. While his statements and actions have had a notable impact on the market, it is important to approach his involvement with a critical lens, considering the volatile nature of cryptocurrencies. Musk's tweets and public endorsements have often led to significant price fluctuations, causing both excitement and concern among investors.


Markets

Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K

Bitcoin's "bullish setup" into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.

Dogecoin (DOGE) price on Oct. 28 (CoinDesk)

Markets

Four Reasons Elon Musk’s Tesla May Have Moved $760M of Bitcoin

The electric carmaker moved its stash of BTC to new wallets earlier this week, sparking speculation on why it may have done so.

Tesla CEO Elon Musk (Getty Images, modified by CoinDesk)

Markets

Bitcoin Demand Surges in Bullish Catalyst That May Drive BTC Price to $70K

Technical indicators point to a price surge, and Polymarket bettors have their money on BTC passing $70K this month.

Bull Market (Kameleon007/Getty Images)

Videos

Tesla Is Moving Bitcoin; Trump-Supported Token Falls Flat

Elon Musk's Tesla moves $760 million worth of bitcoin. Plus, Trump-linked World Liberty Financial's token launch fails to gather much interest and the latest on the legal battle between Coinbase and the U.S. SEC. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.

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Finance

Is Elon Musk Selling Bitcoin? Tesla Transfers All $760M of Its BTC to Unknown Wallets.

On-chain data shows wallets associated with Elon Musk's electric car company have been emptied.

Is Elon Musk's Tesla selling bitcoin? (Chesnot/Getty Images)

Videos

Trump Leads Harris on Polymarket After Musk Endorsement; Tether Celebrates 10-Year Birthday

"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as Donald Trump is leading Democratic rival Kamala Harris by 3 percentage points in Polymarket's election contract following Elon Musk's endorsement. Plus, Tether is developing a customized stablecoin solution to adhere to regulatory requirements in Europe and the UAE has exempted all crypto transactions from having to pay value-added tax.

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Markets

Trump Leads Harris on Polymarket After Musk Endorsement, but Trails in This Key State

Elon Musk says prediction markets are more accurate than polls.

Eric, Donald and Donald Trump Jr. (Desiree Navarro/WireImage)

Finance

Elon Musk's X Is Reportedly Now Banned in Brazil Following Judge's Ruling

Use of a VPN to circumvent the prohibition could lead to hefty fines, according to media reports.

Elon Musk (Richard Bord/WireImage)

Videos

Judge Dismisses Market Manipulation Suit Against Elon Musk; Ryan Salame's Plea Deal Saga

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a Manhattan judge has permanently dismissed a lawsuit that alleged Elon Musk manipulated the price of Dogecoin. Plus, bitcoin slides below $60,000, and former FTX executive Ryan Salame's plea deal saga.

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Videos

Crypto Goes Unmentioned in Trump-Musk Interview; 3AC Liquidators Suing Terraform Labs for $1.3B

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as crypto and bitcoin went unmentioned in the interview between X CEO Elon Musk and former President Donald Trump. Plus, 3AC liquidators have sued Terraform Labs for $1.3 billion and Hamster Kombat bashes crypto VC funding.

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