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Elon Musk’s Companies’ Bitcoin Holdings Now Valued at $2 Billion Tesla: Holds 11,509 BTC, valued at $1.17 billion USD SpaceX: Owns 8,285 $BTC , currently worth $842 million USD These purchases were made at an average cost of $34,980 per BTC, positioning Musk’s companies at a $1.3 billion profit, equivalent to a 186% increase on their Bitcoin investments. This showcases a strategic bet on Bitcoin that has paid off significantly, aligning with Musk’s vocal support for cryptocurrency as a key financial asset.
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Crypto Scammers Are Targeting the Elderly in America Scammers are sliding into DMs, pretending to be cops, and even threatening grandmas and grandpas with bogus jury duty fines or jail time. Then they’re making the elderly head to a BTM (Bitcoin transaction machine) to convert stacks of cash into crypto, only to send it to a wallet that’s impossible to trace. In 2024 alone, Georgia cops have dealt with thousands of cases - average loss? $10K. Reminder: crypto's an open field, but don’t let it be a wild west for fraudsters. Stay alert, stay smart. Source: Mario Nawfal
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AUSTRALIA CRACKS DOWN ON CRYPTO ATMS AUSTRAC’s got their eyes on 1,200 crypto ATMs, cracking down on exchanges that let criminals use them for money laundering and scams. The agency’s setting up a whole task force to make sure these machines aren’t just cash cows for fraudsters. With 400 exchanges under AUSTRAC’s watch and crypto's market hitting crazy highs, anyone in the game needs to tighten up or risk serious penalties. Don’t sleep on compliance - Australia’s taking no prisoners.
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RISE OF THE UNDERDOGS: $XRP , $DOGE , AND RCOF ABOUT TO EXPLODE XRP’s up 86% this week after Ripple linked up with Pledge1Percent. 2025? $10 and beyond if the SEC battle swings their way. DOGE's been cruising, riding Bitcoin's wave - experts are calling $3 by 2025. But here's the biggest gem - RCOF. This AI-powered DeFi platform is about to go wild. Entering Stage 4 at $0.07, and it's primed to shoot to $1 by 2025. Analysts are predicting it will surge by as much as 1,200%, as it has real tech and utility to fuel its hype.
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