According to @StockMKTNewz, Elon Musk's social media platform X is preparing to launch investment and trading services "soon," as stated by CEO Linda Yaccarino. This move is part of a broader strategy to transform X into a financial "everything app," which could significantly impact the crypto market given Musk's known advocacy for assets like Dogecoin (DOGE) and Tesla's substantial Bitcoin (BTC) holdings. In a separate major development for crypto adoption, the New York Stock Exchange (NYSE) has filed for a rule change to list the Truth Social Bitcoin and Ethereum ETF. This proposed dual-asset fund from Trump Media would hold Bitcoin (BTC) and Ethereum (ETH) in a 3:1 ratio, with Crypto.com serving as the custodian and liquidity provider. This filing is a key procedural step towards public trading, though it does not guarantee final approval from the SEC.

According to @FoxNews, Elon Musk's X platform will 'soon' offer investment and trading services as it aims to become an 'everything app,' a move traders speculate will heavily feature cryptocurrencies given Musk's known support for Dogecoin (DOGE) and Tesla's significant Bitcoin (BTC) holdings. The Financial Times reported CEO Linda Yaccarino confirmed the plans, which include P2P payments and storing value. This development coincides with significant legislative progress in the U.S., including the GENIUS Act for stablecoins and the proposed BITCOIN Act, aimed at providing regulatory clarity and distinguishing digital assets as commodities or securities. From a market perspective, Bitcoin (BTC) is trading around $108,099, up 0.55% in 24 hours. Following the news, Dogecoin (DOGE) saw a 1.835% increase against BTC, while Avalanche (AVAX) showed strong performance, rising 6.733% against BTC.

According to @FoxNews, Elon Musk's social media platform X will "soon" allow users to make investments and trades, a move that could significantly impact the crypto market. CEO Linda Yaccarino stated the goal is for users to live their "whole financial life on the platform," as reported by the Financial Times. Given Musk's public support for Dogecoin (DOGE) and Tesla's substantial Bitcoin (BTC) holdings, traders anticipate that any financial services offered by X will likely feature cryptocurrency integration, potentially driving mainstream adoption. Concurrently, the U.S. political landscape presents new regulatory risks. Senator Adam Schiff has introduced the COIN Act, aiming to prohibit government officials like Donald Trump from issuing or sponsoring digital assets, according to the source. This proposal, backed by several Democrats, arises from concerns over Trump's family profiting from his crypto-related ventures, including NFTs and a memecoin. This legislative effort introduces uncertainty for the market, even as key altcoins show strength; market data indicates Solana (SOL) and Avalanche (AVAX) have gained over 5% and 6% respectively in the last 24 hours, while Bitcoin (BTC) trades around $107,500 with a slight dip.

According to @jessepollak, two significant developments in the tech sector could have major implications for cryptocurrency traders. First, payments giant Stripe is acquiring Privy, a crypto wallet infrastructure provider, to expand its Web3 capabilities, as confirmed by Privy and first reported by Bloomberg. Privy's technology simplifies user onboarding with embedded wallets for platforms like decentralized exchange Hyperliquid. This move follows Stripe's earlier integration of stablecoin payments using tokens like USDC, signaling a deeper push into blockchain that could lower barriers to entry for mainstream users. Secondly, the Financial Times reports that Elon Musk's platform, X, will 'soon' offer investment and trading services. X's CEO, Linda Yaccarino, stated users will be able to 'live your whole financial life on the platform.' Given Musk's public support for Dogecoin (DOGE) and Tesla's significant Bitcoin (BTC) holdings, crypto observers anticipate that digital assets will be integrated into X's financial services. This potential integration could introduce a massive new user base to crypto trading, acting as a significant catalyst for assets like DOGE and BTC.