Elon Musk Unveils X Payments, SHIB Burns Surge, and Tesla’s Bitcoin Holdings: A Cryptocurrency Roundup”

A recent interview with Elon Musk unveiled the eagerly anticipated X Payments feature, set to be launched later this year. When asked to describe the upcoming X release, Musk stated it would be “everything you want to use on the internet,” adding that the underlying system would be “what PayPal should be.”

Elon Musk, the globally renowned CEO of Tesla and visionary entrepreneur, shared intriguing insights during the interview. While details about the feature remain undisclosed, Musk’s revelation sparked discussions about the possibility of integrating DOGE into the payment ecosystem among Dogecoin users. Musk had previously included the meme currency as a payment option in Tesla’s official merchandise store and continues to occasionally post about DOGE on social media.

SHIB Burn Percentage Surges by 4,240% as New Burning Era Begins

According to recent data from Shibburn Tracker, over the past 24 hours, the percentage of burned SHIB tokens witnessed an extraordinary surge of 4,240%. The SHIB community successfully burned 15,712,916 Shiba Inu tokens, marking the onset of a new burning era. Led by the mysterious Shitoshi Kusama, the SHIB development team initiated testing of a revolutionary Shibarium mechanism for burning SHIB coins. The mechanism is deemed crucial for the economic model of Shibarium, intending to burn trillions of Shiba Inu through it.

Here’s How Much Bitcoin Tesla Holds

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Electric vehicle giant Tesla recently released its financial report for the fourth quarter of 2023, reporting total revenues of $25.2 billion and an operating profit of $2.1 billion. The company has retained its Bitcoin holdings for six consecutive quarters, with the current holding standing at 9,720 bitcoins. Interestingly, during this quarter, Tesla neither bought nor sold any Bitcoin. Despite Tesla’s steady Bitcoin reserves, the company received mixed reviews for its quarterly performance. While car revenues saw a mere 1% year-on-year increase, total revenues and earnings per share slightly fell below market expectations for the quarter.

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