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.

Videos

Goodbye, Bird: 'X' Tokens Emerge After Elon Musk's Twitter Rebrand

Several tokens branded ‘X’ popped up on decentralized exchanges (DEX) overnight as Elon Musk-owned Twitter changed its iconic blue bird logo for an X symbol. "The Hash" panel discusses the latest changes as Twitter CEO Linda Yaccarino stated in part, "powered by AI, X will connect us all in ways we’re just beginning to imagine."

Jul 24, 2023

Finance

Arkham Intel Exchange Shows 11 Submissions Since Debut Including Finding Elon Musk’s Wallet

Some bounties that have received a submission include identifying an address owned by MicroStrategy with over 10,000 BTC volume.

By Sage D. YoungJul 21, 2023

Finance

Tesla Didn’t Buy or Sell Any Bitcoin for Fourth Straight Quarter in Q2

The value of its bitcoin holdings remained at $184 million.

By Nelson WangJul 19, 2023

Videos

Nasdaq Pauses Plan for Crypto Custody Service; Dogecoin Pops on Elon Musk Tweet

“CoinDesk Daily” host Jennifer Sanasie breaks down today’s hottest headlines in crypto, as the Nasdaq halts its plans for a crypto custody service. Presidential hopeful Robert F. Kennedy Jr. wants to exempt bitcoin (BTC) from capital gains taxes when it is converted into U.S. dollars. And, Tesla CEO Elon Musk tweets about his fondness for a popular dog-themed cryptocurrency.

Jul 19, 2023

Markets

Dogecoin Pops 4% on Elon Musk Tweet

The Tesla CEO and Twitter owner has been known on occasion to playfully talk about his fondness for the memecoin.

By Krisztian SandorJul 19, 2023

Videos

AI-Related Crypto Tokens Jump as Elon Musk Unveils New ChatGPT Competitor

AI-related crypto tokens posted gains after Tesla CEO Elon Musk announced a new company focused on artificial intelligence called xAI, as an alternative to ChatGPT. SingularityNET rose 11% over the past 24 hours and Fetch.ai also climbed roughly 7% during the same time period, according to CoinGecko. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

Jul 13, 2023

Videos

Elon Musk Unveils New AI Company, xAI

Tesla and SpaceX CEO Elon Musk unveiled a new AI company called xAI, with the goal to "understand the true nature of the universe." "First Mover" hosts discuss what we know about Musk's new company so far and how AI-related crypto tokens reacted to the news.

Jul 13, 2023

Videos

Bitcoin Reaction as Inflation Eases; Could Elon Musk Rival ChatGPT Next?

“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including bitcoin's reaction after the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Plus, on-chain data reveals how much Silk Road-linked bitcoin the U.S. government recently moved. And, Elon Musk announces his new AI company, xAI, that states its mission is to "understand the true nature of the universe."

Jul 12, 2023

Podcasts