List of Flash News about Web3 Finance
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2025-06-28 23:54 |
Elon Musk's X to Launch Trading Services 'Soon', Sparking Speculation on DOGE and BTC Integration
According to @stocktalkweekly, Elon Musk's social media platform X is preparing to launch investment and trading services 'soon', a move confirmed by CEO Linda Yaccarino in an interview with the Financial Times. This development is part of a larger strategy to transform X into an 'everything app' similar to China's WeChat, offering comprehensive financial services like peer-to-peer payments. For cryptocurrency traders, this is highly significant due to Elon Musk's public support for Dogecoin (DOGE) and his company Tesla's substantial holdings of Bitcoin (BTC), which the source values at $1.2 billion. This has led to strong market anticipation that cryptocurrencies will be a core component of X's new financial ecosystem, potentially driving significant adoption and price movement for DOGE and BTC. The report also highlights the growing convergence of AI and Web3, citing leaders from a recent 'Top 50 Women in Web3 & AI' list, such as Nkiru Uwaje of MANSA, whose company utilizes stablecoins to facilitate millions in payments, underscoring the practical financial applications of blockchain technology that could be integrated into platforms like X. |