$103,400.00
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0.00%$0.162775
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0.32%$4.69
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0.06%$0.00001122
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8.28%$50.29
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0.14%$1.00
0.00%$4.63
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0.02%$19.21
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0.22%$10.72
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0.23%$0.536277
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0.01%$103,492.00
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0.09%$2,686.24
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11.20%$103,548.00
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2.50%$0.00573479
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3.46%$1.00
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1.86%$1.089
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1.65%$102,879.00
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0.02%$0.201617
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2.99%$3,290.75
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-6.20%$3,036.93
-3.36%Reading
Role
Founder and former CEO of Binance
Location
Cayman Islands
Education
McGill University
Current Project
TBD
Previous Projects
Binance, BijieTech, Blockchain, Fusion Systems, Bloomberg
Tesla CEO Elon Musk said yesterday that “90% of [his] comments are bots,” sharing a screenshot of various fake accounts of Binance boss Changpeng Zhao replying to Musk.
“Twitter please, I see enough of my boss already,” responded Binance’s official Twitter account. “Can you help so I don't have to see him 99x more each day?”
Zhao joined soon after, stating that while he’s the real one below the tweet, 90% of Musk’s comments are indeed bots.
And 90% of my comments are bots 🤖 pic.twitter.com/A7RKyNJZoR
— Elon Musk (@elonmusk) September 5, 2022
This comes amid Musk’s long, contentious path to acquire the social media platform after pledging $44 billion to buy Twitter at $54.20 per share.
Zhao also backed Musk’s decision, committing $500 million to the acquisition. Crypto-centric venture firms such as Sequoia and Andreessen Horowitz joined, too, posting $800 million and $400 million, respectively.
Before attempting to back out of the deal, the Tesla chief had big plans for making over Twitter.
According to a leaked Q&A session with Twitter employees seen by Vox, Musk planned to open-source the platform “so that people can critique it, improve it, identify bugs, potentially, or bias.”
There were also plans for an edit button and for Dogecoin-enabled subscription options.
Since the initial terms established in April, Musk and Twitter have been embroiled in legal battles, with the Tesla CEO claiming that Twitter lied about the number of spam accounts on the platform.
Musk went as far as stating that the deal “cannot move forward” until Twitter reveals this information.
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
My offer was based on Twitter’s SEC filings being accurate.
Yesterday, Twitter’s CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
— Elon Musk (@elonmusk) May 17, 2022
On July 12, Twitter chairman Bret Taylor tweeted that the firm would be suing Musk to hold him “accountable to his contractual obligations.”
Musk, on the other hand, believes that he “was hoodwinked by Twitter into signing a $44 billion merger agreement,” according to the filing.
The Tesla chief responded in court, stating that the social media behemoth “misrepresented” spam accounts and that the data contained “numerous, material misrepresentations or omissions that distort Twitter’s value and caused the Musk Parties to agree to acquire the company at an inflated price.”
According to Reuters, as of August, Musk plans to go through with the Twitter deal if the company can verify the amount of spam and real accounts.
Crypto asset manager Canary Capital has applied for an exchange-traded fund tracking Cronos (CRO), the token affiliated with the Crypto.com exchange, according to a filing with the U.S. Securities and Exchange Commission on Friday. The S-1 registration form marks Canary Capital’s latest step toward potentially debuting its Canary Stake CRO ETF in the U.S. and adds to the growing list of altcoin-based funds before the regulator. The issuer registered a Delaware Trust entity earlier this month, l...
Just three days after debuting a multi-billion dollar fundraising plan to purchase Bitcoin, President Donald Trump’s Trump Media & Technology Group announced Friday that it has successfully raised $2.4 billion for its crypto treasury. The funds were raised via an offering of common stock and convertible senior secure notes, the company said. Roughly 50 institutional investors participated in the sale, which produced $2.32 billion in net proceeds. Those funds will now be used to create a Bitcoi...
How do you save an ailing publicly traded company in 2025? One answer, and an increasingly popular one at that, is: pivot to crypto—or more specifically, become a crypto treasury company. The previously unknown online gambling marketer SharpLink Gaming did just that earlier this week, when it announced it had raised $425 million in investment to establish an Ethereum treasury. It was a notable departure from the more common route of building a Bitcoin treasury, with Ethereum being the second lar...
