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Elon Musk - "I get asked a lot about aliens and I usually say I am one"
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📊 Grayscale Bitcoin Trust (GBTC) Sees First Net Inflow Since Launch! 💼 For the first time since its January launch, the Grayscale Bitcoin Trust (GBTC), the largest Bitcoin ETF by assets, experienced a net inflow of $63 million on May 2nd, according to Farside Investors. GBTC has long been a popular option for Bitcoin investment without direct cryptocurrency purchase. However, it faced increased competition in January with the emergence of nine competing spot Bitcoin ETFs, leading to heightened investor outflows due to its relatively higher fees. Despite its recent struggles, GBTC still holds a significant $18.1 billion in assets, though decreased from over $26 billion previously. In contrast, IBIT, now ranked second, started from zero in January and currently holds $16.9 billion. SoSoValue reported that the Bitcoin spot ETF experienced a total net inflow of $378 million on May 3, marking the first net inflow after seven consecutive days of outflows. Additionally, GBTC witnessed a rare single-day inflow of $63.0112 million. In Hong Kong, the total net assets of three Bitcoin spot ETFs amount to approximately $250 million, with holdings of approximately 4,225 BTC. Ethereum spot ETFs in Hong Kong have approximately $48.52 million in total net assets, with holdings of around 16,000 ETH. However, despite these recent inflows, every ETF recorded outflows totaling $563.7 million by May 2nd, marking the largest losses since trading began in January. This decline has persisted for nearly two months, with funds experiencing approximately $6 billion in losses over the past four weeks, representing a 20% drop in assets under management. 📉 #GrayscaleBitcoinTrust #BitcoinETF #CryptoInvestment
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📊 Top 7 Token Unlocks of the Upcoming Week Aptos $APT - $102.91M Internet Computer $ICP - $43.02M Karate Combat $KARATE - $29.66M Masa $MASA - $27.80M GMT $GMT - $23.68M DAO Maker $DAO - $13.25M Oasys $OAS - $10.17M #cryptounlocking #tokenunlocking #TokenUnlocks
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📈 Michael Saylor Urges Warren Buffett to Consider Bitcoin Investment! 💡 Michael Saylor, MicroStrategy's founder and a vocal Bitcoin advocate, took to Twitter to suggest that Warren Buffett and Berkshire Hathaway explore investing in Bitcoin. This suggestion followed the recent Berkshire Hathaway shareholders meeting, the first without Charlie Munger, Buffett's longtime business partner. Buffett and Munger have been outspoken critics of Bitcoin, dubbing it 'rat poison squared.' However, Bitcoin's remarkable growth has surpassed Berkshire Hathaway's market cap, prompting Saylor to propose Bitcoin as a potential investment opportunity for the firm. Saylor's own company, MicroStrategy, has been steadily accumulating Bitcoin since August 2020. With holdings of 214,400 BTC valued at $13.22 billion, MicroStrategy's market cap has soared to $21.57 billion. Saylor's tweet suggests that Berkshire Hathaway could benefit from a similar investment strategy. Bitcoin's recent 7% recovery, reaching $63,190 from $59,000 in the last 24 hours, underscores the potential gains Berkshire Hathaway could achieve through Bitcoin investment. 🚀 #MichaelSaylor #WarrenBuffett #BitcoinInvestment #MicroStrategy
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🚀 Elon Musk Unveils Enhanced Deepfake Combat Tool on X Platform! 🎉 Elon Musk, Tesla CEO and owner of the rebranded Twitter, X, announced a powerful update to tackle deepfake scams on the platform. Musk shared the news while referencing a tweet from Community Notes, a feature on X that alerts users to misleading content. The latest update includes improved image matching, expanding the reach of Notes on posts with similar images by about 30%. Musk is optimistic about the update's potential to combat deepfakes and shallowfakes, drawing positive reactions from the crypto community. X users expressed excitement and gratitude towards Musk and Community Notes. Although an XRP activist jokingly inquired about XRP payments, XRPL validator Vet dismissed rumors, clarifying that internal payments are planned for later this year. Meanwhile, the Dogecoin community eagerly anticipates DOGE's inclusion as a payment option on X, given Musk's affinity for the meme cryptocurrency. However, Musk has not made any recent statements regarding this. Contrary to speculation, Musk confirmed that X will not be launching its own cryptocurrency, 'Xcoin', via his tweets. 🐶🌟 #ElonMusk #XPlatform #DeepfakeCombat #CryptoCommunity
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🔓 Recent Release of 400 Million XRP Sparks Speculation! 💼💬 A noteworthy transaction involving 400 million XRP, valued at approximately $213.9 million, was recently released from an escrow wallet on the Ripple blockchain. This transaction, occurring between unidentified wallets, has ignited discussions within the XRP community. Some interpret it as a dump, while others see it as a precursor to potential inflation. The Ripple escrow system, established in December 2017, aims to maintain predictability and stability in the XRP market while ensuring liquidity. On May 3, Ripple Labs transferred 800 million XRP into an escrow wallet across three tranches to rebalance the digital currency's circulating supply. However, this action did not reverse losses from the previous week. Typically, Ripple's escrows unlock around 1 billion XRP monthly, with any unspent portion returned to escrow. The recent unlocking of 400 million XRP has sparked speculation about the future direction of the XRP market. Despite the substantial unlock, the market has remained relatively stable. While significant unlocks can lead to market volatility due to increased liquidity and speculation, XRP's price at the time of writing showed a 1.93% increase to $0.5303, according to CoinMarketCap. Although the 400 million XRP unlock did not cause significant disruption, industry observers advise investors to monitor Ripple's escrow activity and its potential impact on the broader cryptocurrency market. Ripple is currently entangled in legal battles with the U.S. Securities and Exchange Commission (SEC). In April, Ripple filed a critical response to the SEC's remedies briefing, addressing the regulatory authority's pursuit of disgorgement of profits from XRP sales and civil penalties. 📉 #XRP #Ripple #CryptoMarkets #Blockchain
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