Today in cryptocurrency, ECB President Christine Lagarde ruled out Bitcoin as a central bank reserve, while Illinois proposed a Bitcoin reserve strategy. Meanwhile, Tesla reported a massive $600 million gain from Bitcoin holdings under a new accounting rule.
The massive $258 billion lawsuit against Elon Musk for alleged Dogecoin manipulation has been dropped, with both parties filing to end the case as Dogecoin experiences a dramatic surge amid Musk’s appointment to Trump’s efficiency initiative.
Elon Musk’s recent comments about his affinity for Dogecoin have rekindled speculation about the meme cryptocurrency’s potential to reach $1, despite his cautious approach to crypto promotion.
The meme cryptocurrency Dogecoin (DOGE) experienced a 14% spike following Elon Musk’s comments about potentially accepting DOGE as a payment method for Tesla vehicles.
A new report by Arkham Intelligence has uncovered that Elon Musk’s companies, Tesla and SpaceX, collectively hold around $1.3 billion worth of Bitcoin, significantly more than previously estimated.
