Elon Musk

Elon Musk has emerged as one of the most influential figures in cryptocurrency, with his social media posts and business decisions regularly moving markets and shaping public perception of digital assets. The Tesla and SpaceX CEO has revealed he personally owns only Bitcoin, Ethereum, and Dogecoin, while his companies have integrated cryptocurrency payments and even funded space missions with digital assets. Musk's public backing of Dogecoin has long been a major driver of its price, making the meme coin particularly sensitive to his public statements and endorsements.

Through his various companies, Musk has pioneered corporate cryptocurrency adoption beyond traditional treasury strategies. Tesla accepts DOGE as payment for merchandise, The Boring Company accepts DOGE for rides, and SpaceX announced DOGE-1 — a satellite mission 100% paid for in DOGE. His influence extends from calling Dogecoin "the people's crypto" to briefly adding Bitcoin to Tesla's balance sheet, demonstrating how individual endorsements can drive mainstream cryptocurrency adoption.

At CoinDesk, we track Elon Musk news covering his cryptocurrency investments, social media market impact, and his companies' blockchain innovations. Our reporting examines how Musk's tweets influence crypto markets, his role in popularizing meme coins, Tesla's evolving crypto payment strategies, and the broader implications of celebrity cryptocurrency endorsements on market dynamics and regulatory discussions.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Finance

Tesla Made No Changes to Bitcoin Holdings in First Quarter

The valuation of bitcoin held on its balance sheet remained flat from the previous quarter at $184 million.

By Stephen AlpherApr 19, 2023

Tesla has previously written down crypto holdings in accounting rules the industry says need an overhaul. (Justin Sullivan/Getty Images)

Videos

Dogecoin Surges Amid Elon Musk’s Starship Launch Attempt

Dogecoin is on the rise following Elon Musk's tweet about his starship launch attempt. Those market updates and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

Apr 18, 2023

Consensus Magazine

Thank Elon for Making the Use Case for Twitter Competitor Nostr

Crypto thrives online where bitcoin maxis can find – and maybe feud with – each other. But since Twitter went private, crypto advocates are seeing the value of censorship-resistant social media. That’s why Nostr is one of CoinDesk’s 2023 Projects to Watch.

By George KaloudisApr 17, 2023

Opinion

Web2’s Lesson for AI: Decentralize to Protect Humanity

In order to prevent the potentially destructive impact of AI on humanity, we need open-source innovation and collective governance that is possible through blockchain protocols and Web3, rather than the monopoly defaulting structure of Web2, according to Michael Casey, CoinDesk's chief content officer.

By Michael J. CaseyApr 14, 2023

Finance

Elon Musk Tweet Spurs 7% Aptos Price Surge

APT quickly retraced the entire move after Musk deleted a tweet saying, "AI APT OTT!"

By Oliver KnightApr 14, 2023

Videos

EToro to Provide Crypto Trading Services Directly to Twitter Users

eToro is set to offer trading services of crypto and other assets direct to Twitter users via a new partnership with the social media company, the firm announced Thursday. "The Hash" panel discusses Elon Musk and Twitter's latest experiment.

Apr 13, 2023

Finance

Dogecoin Surges 5.8% as Traders Anticipate Elon Musk's Next Move

Dogecoin is beginning to retrace this week's slump after hype waned following Twitter's logo change.

By Oliver KnightApr 13, 2023

A shiba inu the inspiration behind Dogecoin. (Minh Pham/Unsplash)

Markets

Dogecoin Drops After Elon Musk's Twitter Stops Using Its Dog Logo

DOGE surged on April 3 after Elon Musk's social-media company inexplicably removed its blue bird logo, replacing it with dogecoin's mascot.

By Nick BakerApr 6, 2023

Opinion

Is Chief Twit Elon Musk Also Top DOGE?

He's done it again, so we're covering it again. Please kill me.

By Daniel KuhnApr 5, 2023

Videos

DOGE Rally Sustained by Traders in Korea: Analyst

Dogecoin (DOGE) surged more than 35% after Elon Musk's Twitter replaced the social-media platform's blue bird atop its homepage with the cryptocurrency's iconic Shiba Inu dog logo. The Tie co-founder and CEO Joshua Frank breaks down the geographical drivers behind DOGE, saying, "the rally was certainly sustained by traders in Korea." More broadly, Frank added that "Asian hours and European hours traders are really moving the crypto markets."

Apr 4, 2023