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Dogecoin Jumps on Elon Musk SpaceX Tweet
The Tesla CEO said merchandise for his space exploration startup could soon be bought using the meme cryptocurrency.
By Nelson Wang
Updated May 11, 2023, 5:39 p.m. Published May 27, 2022, 3:52 p.m.
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Tesla (TSLA) CEO Elon Musk is once again helping his pet cryptocurrency, , gain some momentum.
- The billionaire tweeted Friday morning ET that merchandise for SpaceX, his space exploration startup, will soon be able to be bought with dogecoin, just as it can be for Tesla merchandise.
- The price of dogecoin jumped as much as 10% to nearly 9 cents immediately following the tweet, before recently settling to a gain of about 7.7%.
- In December, Musk’s announcement that Tesla merchandise could be bought with dogecoin helped DOGE prices surge as much as 33%.
Read more: Solana, Dogecoin Tokens Dip as Futures Suggests Bearish Sentiment
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South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets
The South Korean financial firm backs the U.S.-based blockchain company to accelerate enterprise wallet technology and real-world asset tokenization.
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- Kresus has secured roughly $13 million (KRW 18 billion) from Hanwha Investment & Securities.
- The funding will support enterprise wallet infrastructure and real-world asset (RWA) tokenization platforms.
- The deal signals continued institutional investment in blockchain infrastructure despite uneven crypto markets.
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