Elon Musk showing support for Dogecoin

Elon Musk, CEO of Tesla, has been a supporter of Dogecoin for quite a while. Tesla has sold most of its bitcoins last quarter, while Elon Musk once again showed that he believes in Dogecoin more than in Bitcoin by claiming that Dogecoin is better at handling lots of transactions than Bitcoin.

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Elon Musk showing support for Dogecoin

Elon Musk, CEO of Tesla, has been a supporter of Dogecoin for quite a while. Tesla has sold most of its bitcoins last quarter, while Elon Musk once again showed that he believes in Dogecoin more than in Bitcoin by claiming that Dogecoin is better at handling lots of transactions than Bitcoin.

BlackRock partnered with Coinbase

BlackRock, one of the world's largest asset management companies, has teamed up with the cryptocurrency exchange Coinbase. They will provide institutional investors with direct access to cryptocurrencies, which will be provided via Coinbase Prime.

Solana wallets got hacked for $8m+

The Solana ecosystem appears to be the target of the most recent hack, as thousands of users have reported that $8m+ from well-known "hot" wallets like Phantom, Slope, and TrustWallet have been stolen without their knowledge.

Michael Saylor resigns from his CEO role

MicroStrategy co-founder Michael Saylor gave up his role as the CEO but stayed as the executive in the firm. He said he would focus more on Bitcoin after the company reported a loss of more than $1 billion related to the second-quarter price decline of Bitcoin.

Ark Invest dumped Coinbase stocks

This year, Cathie Wood sold her first ever Coinbase stocks. 1.41 million COIN shares were sold by Ark Invest in total, valued at about $75 million. Coinbase had a tough year, falling by almost 80% YTD.

Buterin does not believe in Meta

Vitalik Buterin, the creator of Ethereum, has only recently expressed his opinion on Facebook's Meta plan. He stated that while he sees potential in Metaverse, he believes that large corporations such as Facebook will have very difficult time laying its groundwork. Buterin does not believe that Metaverse will emerge from Venture Capital funding.

More market movers

Elon Musk showing support for Dogecoin

Elon Musk, CEO of Tesla, has been a supporter of Dogecoin for quite a while. Tesla has sold most of its bitcoins last quarter, while Elon Musk once again showed that he believes in Dogecoin more than in Bitcoin by claiming that Dogecoin is better at handling lots of transactions than Bitcoin.

Virgin Galactic plunged by 19%

Virgin Galactic shares plunged by more than 19% after US markets opened. This is due to a net loss of $111 million for Q2 this year, missing estimates, and a 36% decline in revenue. The big letdown was another postponement of its commercial space service from 2023's Q1 to Q2.

Pimco clients withdrew $29 billion

Clients of Pimco, a well-known asset management company, withdrew $29 billion in three months from Bond funds. Interest rate hikes all over the world hit bond markets hard, and clients pulled massive amounts of money as a result.

AMTD Digital is crashing

Amid the huge popularity increase of AMTD Digital (HKD)and growth by more than 10,000% in just weeks, HKD found its peak and is now down by almost 80% from its all-time high level. Beware of higher volatility.

BlackRock partnered with Coinbase

BlackRock, one of the world's largest asset management companies, has teamed up with the cryptocurrency exchange Coinbase. They will provide institutional investors with direct access to cryptocurrencies, which will be provided via Coinbase Prime.

GBP interest rates raised to 1.75%

Following the widely anticipated move by the Bank of England to raise interest rates to 1.75 percent from 1.25 percent, the British pound declined against the dollar and dropped below the $1.21 mark. This drove borrowing prices to their highest level since 2009.

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