Elon Musk continues to influence the crypto space with his support for Dogecoin (DOGE), which is accepted by Tesla and SpaceX for certain transactions.

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Moreover, Musk's AI company, xAI, is reportedly seeking to raise $20 billion, with plans to integrate AI technologies like the Grok chatbot into platforms such as Telegram.

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Musk's vision for an "everything app" includes potential integration of cryptocurrencies, possibly transforming platforms like X (formerly Twitter) into hubs for social networking, content creation, and financial transactions.