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Musk Invested $1.5 Billion Last Year to Increase Stake in Social Platform X

7 hours ago

On March 19th, the Saudi Arabian investment company Kingdom Holding released its 2024 annual report. It was disclosed that a significant private social media shareholder had recently made an investment at a price equivalent to the carrying amount of the investment on Kingdom's balance sheet. Moreover, it was indicated that the shareholder was willing to purchase more minority stakes in the social media platform at the same valuation. The report cited sources stating that the referred social media platform is X, with Elon Musk being the major shareholder. It was mentioned that Musk used $150 million last year to increase his stake in X at a price close to what he paid for the acquisition in 2022. According to the ownership chart submitted to the Nebraska regulator in October 2023, Musk owns nearly 74% of X. (Golden Finance)
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The Ethereum Developer Team is planning to end support for the Holesky Testnet in September.

On March 19th, according to The Block, the Ethereum core developers plan to end the support for the Holesky testnet in September 2025 and are getting ready for its role transition and eventual deprecation. Deprecating a test network is a common practice; Ethereum developers previously ceased the operations of Kiln, Ropsten, and Rinkeby in 2022 and stopped Goerli last year. Holesky was launched in September 2023 and it is one of Ethereum's two main testnets, with the other being Sepolia. It has played a crucial role as a public testnet for staking, infrastructure, and protocol development.

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Meteora Launches Meteora Rising Incubator

On March 19th, Meteora made an announcement regarding the launch of the Meteora Rising Incubator. This incubator is specifically designed to provide support for the development of community-built tools on DLMM. The initiative is led by GeekLad, who serves as the Head of Developer Relations at LP Army. Funding will be allocated to the tools that are being developed in order to assist LPs in optimizing, automating, or tracking their positions on DLMM.

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Binance Wallet yesterday's transaction volume exceeded $90 million, capturing a market share of 54.1%.

On March 19th, based on the latest data from the data platform Dune.com analyst @lz_web3, on March 18th, the daily on-chain transaction volume of Binance Wallet reached $90.556 million, accounting for 54.1% of the total transaction volume in the crypto wallet competition on that day and ranking first in the market. The data indicates that the second-ranked GMGN Wallet had a daily transaction volume of $38.679 million, which is approximately 42.7% of Binance Wallet's transaction volume. In terms of active trading users, Binance Wallet takes the lead with 28,103 users, accounting for 29.5% of the total number of active traders in the competition. Currently, Binance Wallet supports 18 public chains such as BNB Smart Chain and Ethereum, and its daily transaction volume has increased by more than 24 times compared to the early March period.

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Due to CZ changing his Twitter profile picture to X, mubarak experienced a short-term surge of over 28%.

On March 19th, based on GMGN market data. It is likely that due to CZ changing his X account avatar message, mubarak briefly rose by more than 28%. It is currently priced at $0.169, and the market capitalization is currently reported to be $169 million.

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Bombie: Japanese Players' Purchasing Power Surpasses Louis Vuitton, Setting a New High for Web3 Gaming

On March 19th, the latest data shows that due to the return of Telegram CEO Durov, the popularity of the TON ecosystem has witnessed a significant increase. In the Japanese market, the average revenue per paying user (ARPPU) of the Web3 game Bombie has reached $804, surpassing the core user group of the luxury brand Louis Vuitton and setting a new record for Web3 games.

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A trader turned $809 into $510K in less than 15 hours by trading $szn on #Tron, a 630x return!

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