$104,580.00
-0.83%$2,606.16
-1.21%$2.19
-2.19%$668.55
-0.46%$152.68
-2.61%$0.999738
-0.00%$0.18868
-3.71%$0.273491
1.22%$0.678497
-2.83%$2,604.32
-0.97%$104,455.00
-0.72%$35.06
-3.40%$3,135.43
-1.08%$3.16
-3.12%$13.77
-4.00%$20.29
-5.52%$0.265057
-3.30%$8.93
-0.06%$400.51
-1.06%$3.18
-0.51%$0.00001283
-2.25%$0.99971
-0.02%$0.166926
-3.34%$2,784.34
-0.91%$2,603.96
-1.07%$87.70
-3.16%$4.03
-3.91%$327.61
-6.68%$0.998092
-0.14%$1.001
-0.04%$4.70
-3.31%$0.00001174
-5.58%$0.646108
-0.98%$104,538.00
-0.80%$31.27
-0.29%$261.22
-2.16%$6.27
-7.44%$1.18
-0.09%$378.53
-4.47%$4.78
-3.56%$0.10067
-1.90%$50.08
-0.18%$2.45
-4.04%$1.00
0.00%$183.93
-2.79%$5.22
-3.81%$17.27
-2.45%$1.054
-0.00%$0.823329
-3.50%$31.35
1.35%$18.74
-2.92%$0.663418
-2.64%$0.084272
-4.59%$0.998087
-0.13%$10.84
-3.50%$0.796127
-3.64%$0.02378289
-4.08%$3.77
-4.61%$4.31
-3.01%$0.215247
-1.60%$0.31386
-8.21%$104,341.00
-0.71%$4.41
-0.51%$1.13
-4.80%$0.3545
-4.04%$2.55
-2.97%$117.61
2.29%$0.19017
-4.67%$0.074483
-4.36%$0.99839
-0.09%$2,598.52
-1.60%$4.43
-1.08%$0.512011
-7.22%$1.00
-0.03%$2.16
-4.10%$11.15
-0.43%$1.00
0.04%$160.87
-2.70%$2,964.58
-0.99%$0.3901
-3.81%$1.24
-1.15%$0.0000158
-6.91%$12.25
-4.20%$0.01766835
-2.35%$2,738.53
-0.35%$1.77
-8.38%$0.750999
-3.98%$4.06
-3.54%$0.635661
-4.52%$1.15
-3.43%$0.19258
-3.89%$0.545114
-4.98%$0.997692
-0.16%$0.060321
-0.27%$0.999513
-0.04%$0.612875
-5.37%$2,780.40
-1.19%$104,301.00
-1.08%$1.00
-0.02%$2,727.91
-0.92%$0.911225
-14.26%$0.094489
-4.15%$0.882857
-9.61%$667.55
-0.57%$2,737.44
-1.36%$104,388.00
-0.66%$0.634294
-8.13%$3,373.77
0.52%$3,388.52
0.56%$104,134.00
-1.98%$169.72
-2.78%$49.91
-5.44%$2.48
0.05%$0.0000821
-5.43%$0.860178
-0.41%$0.758727
-4.40%$197.82
-2.69%$0.0164977
-4.22%$21.37
-3.24%$0.181666
-3.34%$0.01426797
-5.16%$0.0000007
-0.40%$0.999869
-0.02%$0.274525
-3.55%$111.31
0.01%$4.10
-5.47%$33.42
-2.80%$0.114482
-6.49%$0.482923
-4.23%$0.649308
-8.04%$0.109238
-4.57%$0.997378
-0.04%$0.00996196
-3.15%$104,281.00
-0.77%$2.15
-9.91%$1.84
-2.15%$2.00
-0.16%$0.576607
-2.19%$1.10
-0.02%$0.368532
-2.79%$1.092
-0.35%$2,605.67
-1.12%$2,603.66
-1.48%$1.63
-3.49%$0.999539
-0.04%$0.706755
-8.11%$9.75
0.33%$2,736.10
-0.53%$1.88
4.49%$2,780.55
-1.23%$2.92
-9.03%$0.527919
-6.38%$0.275264
-3.61%$104,646.00
-0.73%$2,813.25
-1.38%$0.01507241
-4.92%$0.192347
-0.48%$2,604.75
-1.04%$0.998607
0.01%$104,276.00
-0.72%$35.08
-3.59%$0.04957368
-10.54%$0.188557
-3.84%$0.650802
-0.23%$0.432845
-1.78%$0.00467055
-4.75%$0.064612
1.50%$0.99971
-0.01%$0.04942506
-2.00%$0.134274
-5.16%$0.54181
-0.40%$15.65
-2.51%$1.44
-7.30%$0.555228
-3.69%$0.401215
-2.09%$0.00002157
-3.15%$6.01
-3.31%$1.00
-0.06%$6.45
-5.22%$1.039
-8.59%$0.352597
-1.46%$100,438.00
-2.00%$0.00000042
-3.69%$1.088
0.00%$0.998855
-2.13%$37.04
-0.74%$1.68
-2.43%$2.48
-3.22%$0.00689004
-5.27%$0.00433011
-2.48%$43.46
-3.96%$1.00
-0.23%$2,594.52
-1.24%$0.393684
2.39%$1.39
-0.98%$0.076483
-3.04%$35.21
-3.35%$2,764.61
-0.74%$0.575139
-3.90%$0.03901384
-3.25%$0.00462263
-1.93%$0.01930914
2.13%$0.999573
-0.02%$1.13
-7.64%$0.142261
-6.30%$0.143953
-3.40%$2,869.31
-1.14%$1.30
-4.01%$0.0000009
-7.56%$0.075847
-8.10%$8.47
9.76%$0.35251
-5.75%$2,841.07
-1.08%$0.00405363
-0.80%$0.00648976
-2.40%$103,115.00
-1.51%$128.76
-2.59%$104,505.00
-0.88%$0.797885
-3.20%$0.03310087
0.07%$2,603.82
-1.29%$0.00005938
-1.53%$0.21512
-1.79%$19.48
-0.89%$0.129756
-7.20%$2,606.46
-0.80%$0.99939
-0.05%$0.998724
-0.02%$20.28
-5.60%$0.665425
3.32%$165.74
-2.61%$0.31931
-3.45%$0.309404
-5.00%$0.999881
-0.01%$0.651095
-5.53%$0.0193019
71.54%$0.210769
-4.68%$2.43
-4.72%$0.00000142
-0.42%$0.482954
-8.44%$0.00410336
-4.57%$0.00316329
-4.93%$2.81
-3.45%$0.999622
-0.03%$3,372.13
0.41%$1.68
-1.03%$16.26
-3.30%$104,819.00
0.14%Reading
Twitter stock has plummeted more than 19% premarket after Elon Musk said that his $44 billion acquisition of the platform would be put "temporarily on hold."
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," he tweeted today, citing a May 2 report from Reuters regarding estimated bot activity on the social media platform.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Shortly after making this announcement, Musk again turned to Twitter to say that he was "still committed to acquisition (sic)."
Still committed to acquisition
— Elon Musk (@elonmusk) May 13, 2022
Eliminating spam and bot activity was one of the primary objectives for the SpaceX and Tesla chief when discussing his ambitions for Twitter. He also said that he plans to make Twitter's code open-source on GitHub and add an edit feature, among other ideas.
Today's news follows a long saga linking the social media platform, the controversial entrepreneur, and, of course, cryptocurrencies.
Elon Musk first bought just a 9.2% stake in Twitter on April 4, before making a formal bid just weeks later for 100% control over the social media platform. Twitter formally accepted the offer on April 25 despite the board invoking a "poison pill" to block the deal.
Outside of the above-mentioned features, Musk has also discussed integrating Dogecoin as a payment option for Twitter's premium services, adding to his reputation as one of Dogecoin's most influential voices.
During a TED talk in Vancouver, Canada, Musk was asked if he regretted his repeated pumping of Dogecoin.
His response: “I think they’re fun, and I’ve always said, ‘Don’t bet the farm on Dogecoin.’”
The crypto connections don't stop there either.
Twitter has entered a new age—one in which the company is owned solely by Dogecoin's biggest fan: Elon Musk. Naturally, Dogecoin is booming—up 26% as of this writing, peaking at $0.1675—after the deal was announced. By comparison, Bitcoin and Ethereum were up 1.6% and 2% on the day, respectively. Dogecoin’s price is prone to react to Elon Musk’s accomplishments and DOGE-related proclamations over Twitter. His frequent memes were largely responsible for pushing Dogecoin to a third-place market ca...
In an updated 13D filing to the SEC, it was revealed that crypto's largest exchange Binance had helped finance Musk's Twitter bid to the tune of $500 million. Binance CEO Changpeng Zhao took to Twitter to share the news, calling it "a small contribution to the cause."
A small contribution to the cause. https://t.co/xD9XZxOWfL
— CZ 🔶 Binance (@cz_binance) May 5, 2022
Other notable backers included Fidelity ($316 million), Qatar Holdings ($375 billion), and Andreessen Horowitz ($400 million).
The largest investment in the group was Larry Ellison's $1 billion commitment.
The Ethereum Foundation has published a new treasury policy that aims to reshape how its reserves are held and invested, seeking to rewrite the playbook in a way better suited to the on-chain world it helped create. The new set of treasury policies marks two key moves from the non-profit organization that stewards development for the Ethereum ecosystem. It aims to reduce annual spending from 15% of assets to just 5% by 2030 and will also seek to utilize its treasury for DeFi protocols. Those pr...
Circle has priced its initial public offering at $31 per share, raising approximately $1.1 billion in an upsized deal that exceeded both initial size and guidance. The offering values the stablecoin issuer at $6.9 billion based on outstanding shares, with a fully diluted valuation of $8.1 billion including options and warrants. The company and selling shareholders sold a total of 34 million shares, up from 32 million as of Monday. Circle initially aimed to sell 24 million shares at $24 to $26....
A China-based travel booking firm has told U.S. regulators that its plans to establish a $300 million XRP treasury—a corporate-strategy play that has become all the rage among a small crop of public companies following a recent upswing in the cryptocurrency market, despite apparent risks. Webus International filed on Tuesday a Form 6-K with the Securities and Exchange Commission detailing its plans to add the Ripple-linked XRP token to its balance sheet. The Nasdaq-listed firm entered into an ag...
