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The SEC has filed a lawsuit against Elon Musk, alleging he failed to disclose his Twitter share purchases prior to acquiring the platform, which allowed him to underpay by at least $150 million. Musk's lawyer, Alex Spiro, claims the lawsuit is baseless and an indication of the SEC's inability to present a legitimate case, asserting that Musk has committed no wrongdoing.
[Bloomberg](https://www.bloomberg.com) and [SEC]
Dogecoin (DOGE) surged over 10%, reaching a high of $0.361 and boosting its market cap to over $52 billion, making it the fastest-growing cryptocurrency among the top 10. This rebound follows a challenging week for the broader crypto market, with increased whale activity and positive technical signals contributing to renewed optimism. High-profile endorsements, including indirect support from Elon Musk, have further fueled interest in the meme coin.
Peanut the Squirrel (PNUT), a Solana-based meme token, surged 30% to $0.6 following its trading debut on Coinbase, with trading volumes exceeding $761 million in the first 24 hours. Despite this rise, PNUT remains 74% below its November peak, when its market cap surpassed $2 billion. The token gained attention after a viral incident involving a pet squirrel, and its price movement coincided with a broader recovery in the crypto market.
Chinese officials are reportedly considering selling TikTok's US operations to Elon Musk's social media company, X, amid a potential ban on the platform. This comes as the US Supreme Court reviews legislation requiring ByteDance to divest TikTok's US business due to national security concerns. While TikTok's valuation is estimated between $40 to $50 billion, ByteDance continues to fight the ban, claiming it infringes on the First Amendment rights of its 170 million US users.
Meme coins have experienced significant volatility, with the total market cap dropping below $100 billion, though a recent recovery has seen it rise to $99 billion. As Donald Trump's inauguration approaches, Dogecoin (DOGE) is poised for a potential rally, bolstered by Elon Musk's involvement in a government division supporting the coin. Meanwhile, Shiba Inu (SHIB) and other meme coins are also showing gains, but analysts caution that the inauguration could trigger a sell-off in the crypto market.
Chinese officials have dismissed rumors of Elon Musk buying TikTok as "pure fiction," amid ongoing U.S. regulatory pressures that could lead to a ban on the platform. TikTok's parent company, ByteDance, is challenging legislation that raises concerns over data practices and free speech, with a Supreme Court ruling expected on January 19. Despite Musk's significant wealth, acquiring TikTok would involve navigating substantial financial and regulatory hurdles, while Beijing remains committed to maintaining control over its operations.
Purple Bitcoin ($PBTC) is a new community-driven token on the Solana blockchain, combining Bitcoin's value principles with innovative technology. Its deflationary design features automated token burns, a capped supply of 19,314,746 tokens, and a burn halving mechanism to enhance value and adaptability. With a focus on sustainable growth and community engagement, PBTC aims to redefine digital finance while ensuring fast, low-cost transactions.
Market analysts predict that RXS token prices will reach double digits by 2025, driven by rising interest in tokenized assets. Rexas Finance's innovative approach to real-world asset tokenization positions it as a strong competitor to established meme coins like Dogecoin and Shiba Inu, especially with its successful presale and upcoming exchange listings. The project aims to enhance liquidity and transparency in asset ownership, potentially transforming the cryptocurrency landscape.
Dogecoin (DOGE) surged 15% amid speculation of its adoption by platform X, while Fantom (FTM) rose 11.68% as retail interest grows. In contrast, Rexas Finance (RXS) has raised over $36 million in presale, leveraging real-world asset tokenization, with a projected rise of over 11,000% post-launch.
Elon Musk
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sec sues elon musk for failing to disclose twitter share purchases
00:35 15.01.2025
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00:01 15.01.2025
Dogecoin surges as memecoins lead cryptocurrency market recovery
22:28 14.01.2025
Solana meme coin pnut surges 30 percent after Coinbase trading launch
19:59 14.01.2025
Elon Musk may acquire TikTok's US operations amid potential ban
19:28 14.01.2025
Trump inauguration sparks potential rally for meme coins like Dogecoin and Shiba Inu
19:23 14.01.2025
TikTok Denies Elon Musk Acquisition Rumors Amid Regulatory Challenges
19:14 14.01.2025
purple bitcoin emerges as a community-driven token for sustainable growth
16:02 14.01.2025
rexas finance poised to challenge dogecoin and shiba inu by 2025
15:13 14.01.2025
Rexas Finance Gains Traction Amid Dogecoin and Fantom Market Momentum
15:00 14.01.2025
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