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Dorsey, Musk Hint at Bitcoin Debate

In a Twitter exchange Friday, the Twitter founder suggested having "THE talk," to which the Tesla CEO replied, "... let's do it."

Updated Sep 14, 2021, 1:17 p.m. Published Jun 25, 2021, 11:44 a.m.
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Elon Musk and Jack Dorsey, two of cryptocurrency's most famous proponents, have hinted they will debate at a forthcoming bitcoin event.

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  • In a Twitter exchange Friday, Twitter founder Dorsey suggested having "THE talk," to which Tesla CEO Musk replied, "For the Bitcurious? Very well then, let's do it," followed by a wink emoji.
  • Dorsey had initially tweeted about "The ₿ Word," an event he is set to host on July 21 alongside Cathie Wood, the founder of Ark Investment Management.
  • Musk asked if that referred to "bicurious?," prompting Dorsey to suggest the two have a conversation at the event for the Tesla founder to "share all [his] curiosities."
  • Although the two tech entrepreneurs have touted cryptocurrency, Musk's appetite for bitcoin has cooled since May when he announced Tesla was reversing its decision to accept the crypto as payment, citing environmental concerns about the energy use required in mining bitcoin. Since then, he has said Tesla may accept bitcoin as a form of payment in the future.

Read more: Elon Musk Says Lightning Network ‘Needed’ to Scale Bitcoin for Now

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing

Stacked gold bars (Scottsdale Mint/Unsplash/Modified by CoinDesk)

Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.

What to know:

  • Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
  • Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
  • Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.