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Elon Musk has spoken with North American bitcoin miners and they have committed to forming a Bitcoin Mining Council to "promote energy usage transparency & accelerate sustainability initiatives worldwide." They have also agreed to publish their current and planned renewable usage. The meeting was hosted by Microstrategy CEO Michael Saylor. https://twitter.com/elonmusk/status/1396914548167233537

Dogecoin reached a record above $0.73 on Saturday before dropping as low as $0.51 cents during the show "Saturday Night Live" where Elon Musk called the crypto-asset a "hustle". "He had helped drive the coin to new heights on Friday and Saturday after tweeting a picture of himself and a Shiba Inu on the set of the iconic NBC show... Dogecoin... [which] started as a joke in 2013, has surged more than 20,000% in the past year. Musk has been among its biggest boosters, along with Mark Cuban, Snoop Dogg and Gene Simmons.

Geometric Energy Corporation (GEC) announced the first-ever commercial lunar payload paid entirely with Dogecoin. Its DOGE-1 Mission to the Moon will involve Geometric Space Corporation mission management collaborating with SpaceX to launch a 40kg cubesat as a rideshare on a Falcon 9 lunar payload mission in Q1 2022. The payload will obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems. Dogecoin has been chosen as the unit of account for all lunar business between SpaceX and GEC.

Dogecoin jumped today from around 46 cents to as high as 54 cents after Elon Musk posted a survey on Twitter asking "Do you want Tesla to accept Doge?" Within about thirty minutes, the survey had 750,000 respondents.

Bitcoin slid after a cryptic tweet from Elon Musk apparently hinting at a potential split with the largest cryptocurrency, the latest post from the billionaire to buffet the token's price.

The price of bitcoin hit a three-week high on Monday, climbing back above $40,000 after Elon Musk said that Tesla would resume allowing transactions made in the digital currency once crypto mining becomes greener. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions," Musk said in a tweet on Sunday, June 13. Traders also reacted to hedge fund manager Paul Tudor Jones' assertion he could "go all in on the inflation trades," during an interview with CNBC on Monday. Jones said he "likes bitcoin" and wants a 5% allocation of it with the same percentage in gold, cash and commodities.

Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings.

The paper looks at six occasions when Elon Musk tweeted about cryptocurrency and attempts to measure the resultant impact on the trading volume and spot price of the coins in question. Of the six tweets, four were related to Dogecoin and two were related to Bitcoin. The paper concludes that all six events had an impact on the trading activity of both cryptocurrencies, specifically their trade volume. Not every tweet sent out by Musk affected the price of Doge or Bitcoin, but two did result in significant "cumulative abnormal returns."

Tesla invested $1.5 billion in Bitcoin and signaled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a new record after the vote of confidence from the electric-car market leader. "In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt." https://sec.report/Document/0001564590-21-004599/

Nouriel Roubini thinks Tether is issuing fake money. And that nothing short of an audit will prove the $30 billion in USDT the BVI-registered company has spewed out into the crypto markets thus far are even 74% backed. Tether is a "criminal enterprise," he bluntly told reporters on Coindesk TV. In a 10-minute interview, Roubini predicted Tether's looming demise, called for the SEC to look into Elon Musk's bitcoin tweets, and claimed that central bank digital currencies will spell the end for crypto.

Elon Musk announced that Tesla will begin accepting Dogecoin as payment for "some" merchandise to "see how it goes." The Tesla CEO has a long and well-established relationship with meme cryptocurrency Dogecoin. In May of this year-around the same time he reversed course on Bitcoin-Musk said that Dogecoin could beat Bitcoin "hands down."

Social media platform X took a step closer to offering payment features after receiving a money-transmitter license from a 13th U.S. state (Pennsylvania). It grants X the ability to facilitate money transfers and paves the way for the company to allow users to send money to one another, similar to PayPal's Venmo and China's WeChat. In order for X to offer payment services to users across the United States, X will need approval in every state, a process that could take up to another 18 months. Elon Musk envisions X remodeling itself into an "everything app".