Elon Musk Apologizes to Trump: After a heated week-long feud on social media, Elon Musk apologized to Donald Trump, walking back controversial posts that mocked Trump's spending bill and linked him to Epstein files. This feud briefly rattled crypto markets, with Bitcoin dipping nearly 4% in the span of hours.
Crypto Market Impact: The Trump-Musk feud caused Dogecoin to drop 7% in 24 hours, while Ether ETFs saw inflows, continuing a 14-day streak. Bitcoin also experienced outflows amid the market slowdown.
Dogecoin Price Rally: Analysts predict a potential Dogecoin price rally, citing Musk's past influence on the cryptocurrency. Santiment analyst Maksim Balashhevich believes Musk might return to his "old crypto playbook" and promote Dogecoin to score a public "win" against Trump.
Solana Price Prediction: 21Shares crypto research strategist Matt Mena forecasts Solana's price to reach $300 by year-end, driven by the upcoming Firedancer upgrade and the global rollout of the $SOL solana Seeker phone.
X and Polymarket Partnership: Elon Musk's X has selected Polymarket as its official prediction market partner, enhancing the decentralized predictions marketplace.
Musk's AI and Crypto Ventures: Musk's xAI is working on integrating AI-powered prediction markets with Polymarket, while his company X is exploring blockchain-based direct messaging features with "Bitcoin-style encryption".$BTC