CMC Daily, Oct. 25: What’s in Elon Musk’s Wallet?

We now know that SHIBA INU definitely isn’t one of the billionaire’s investments. Plus… would you get your eyeball scanned in exchange for some free crypto?

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Bitcoin has bounced back after briefly dipping below $60,000 over the weekend. But there’s another big story brewing. Some analysts are predicting a “brutal” price war could emerge between BTC ETFs making their debut in the US VanEck is plotting a futures-based fund that would be considerably cheaper than the two ETFs that launched last week. Our story.
It was a perfectly innocent tweet — a fan account asking Elon Musk how SHIBA INU he owned. They probably didn’t expect him to make a brutal one-word reply: “None.” The Tesla CEO helped the altcoin dramatically pull back from all-time highs set on Sunday. However, Musk did reveal the three cryptocurrencies he does have in his wallet. Find out what they are.
A project that’s attempting to distribute crypto to everyone on Earth says 130,000 people have had their eyeballs scanned for free tokens. Worldcoin is aiming to increase crypto adoption — and says this technology has reached just 3% of the global population so far. The project’s plans are ambitious, and some critics have raised concerns about privacy. Here’s why.
Frances Haugen shocked the world when she released thousands of internal documents about Facebook. She compared the tech giant to Big Tobacco — and claimed the company harms children. Speaking to The New York TimesHaugen revealed she can support herself because she “did buy crypto at the right time,” and now lives in Puerto Rico. Read more here.
An interview by Treasury Secretary Janet Yellen caused a stir over the weekend. She revealed the US is examining plans to tax unregistered capital gains. This caused outrage on Crypto Twitter, but it’s important to note that these measures would only target billionaires, rather than everyday investors. Her remarks on inflation were far more interesting.

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