Elon Musk Praises Bitcoin as Energy-Based Asset
Elon Musk Praises Bitcoin as Energy-Based Asset
⚡ Elon's Bitcoin Energy Take
Elon Musk recently praised Bitcoin, describing it as being fundamentally based on 'energy'.
This endorsement from the Tesla CEO highlights his continued interest in cryptocurrency, particularly focusing on Bitcoin's energy-intensive proof-of-work consensus mechanism.
Musk's comments suggest he views Bitcoin's energy consumption not as a flaw, but as a foundational characteristic that gives the cryptocurrency its value and security.
The statement adds to Musk's history of influential crypto commentary that often moves markets.
ICYMI: @elonmusk praises BTC and refers to it as being based on 'energy'
MegaETH Labs Partners with Chainlink and Announces Major Token Buyback
**MegaETH Labs** made two significant announcements that caught the crypto community's attention. The company revealed a **partnership with Chainlink** to integrate real-time oracle services into their infrastructure. This collaboration aims to provide more reliable and timely data feeds for their platform. Additionally, MegaETH Labs announced plans to **buy back 4.75% of their token supply**. This buyback represents a substantial commitment to reducing circulating tokens and potentially supporting token value. The news was discussed by Tyler_Did_It and rektmando on the FOMO Hour podcast, highlighting the strategic importance of both moves for the project's future development.
Major Crypto News Roundup - March 5, 2025
- US government signals potential tariff relief for Mexico & Canada, driving major cryptocurrencies up 6-10% - Cantor Fitzgerald CEO Lutnick reveals Trump's upcoming Bitcoin Reserve announcement, with distinct treatment planned for other cryptocurrencies - Reddit co-founder expresses interest in TikTok acquisition, proposing blockchain integration - AVAX ecosystem sees new token $Blub reach $100M fully diluted valuation at launch - Mexican billionaire Ricardo Salinas moves 70% of portfolio ($3.5B+) into Bitcoin - USDC makes history as Japan's first approved stablecoin
Web3 Daily Digest - February 20, 2025
Key developments in the web3 space today: - **Kaito Token Launch**: Successfully debuted with $1.5B fully diluted valuation in early trading - **Virtuals Platform**: Introduced foundation for autonomous agent-based economy, marking a significant step in AI-web3 integration - **Memeland Updates**: Revealed new roadmap featuring MemePay and Meme Strategy initiatives - **Monad Progress**: Testnet now live, featuring Fantasy Top's free-to-play game launch Recent Context: - FTX initiates $1.2B repayment to small claim holders - Charles Schwab establishes Head of Digital Assets role - Michael Saylor's firm plans $2B Bitcoin acquisition [Full details available at LuckyTrader](https://newsletter.luckytrader.com)
BlackRock CEO Larry Fink: Crypto's Role is Digitizing Gold
Key market updates for December 21, 2024: - $HYPE token reaches $9B market capitalization, continuing its upward trend - Ripple announces $5M XRP donation to Trump's inaugural fund according to Fox - *BlackRock CEO Larry Fink frames crypto as digital gold alternative* - MetaMask expands pilot testing of crypto payment card across US markets This follows recent developments including Bitcoin's new ATH of $106.6k and significant movements in the memecoin sector. MetaMask's payment card expansion signals growing mainstream adoption of crypto payment solutions.