Elon narxELON

According to Bloomberg, MGX is providing financial backing for Trump’s $100 billion AI initiative and has recently been actively involved in funding rounds for prominent AI companies, including OpenAI, Elon Musk’s xAI, and Databricks Inc. In January this year, MGX joined OpenAI, SoftBank Group Corp., and Oracle Corp. to support a $100 billion project called “Stargate.” In September last year, it partnered with BlackRock Inc. and Microsoft Corp. to launch a $30 billion plan aimed at building data warehouses and energy infrastructure.

Since Elon Musk took over Twitter, now X, the platform has faced 4 major outages. Is it the mass layoffs or cyberattacks to blame? 🤔

Global liquidity trends capture market attention as the weakening US Dollar Index influences economic conditions and Bitcoin remains unresponsive to rising liquidity. Historical patterns suggest a lagged reaction in Bitcoin after such liquidity shifts. Alpha Extract tweeted that global liquidity is rising due to a weakening DXY. Their model shows liquidity growth amid broader market trends. The data reveals liquidity increased in recent weeks. The tweet notes that factors beyond the DXY are driving the sell-off. In late 2019 and 2022, liquidity rose while Bitcoin dropped amid broader risk concerns. Historical records indicate Bitcoin typically reacts within three to four months after such divergences. The market has seen similar patterns during previous cycles. These trends suggest potential adjustments in Bitcoin’s price once liquidity catches up. The US market shows growing bearish sentiment as the administration prioritizes long-term restructuring over short-term gains. Fiscal spending cuts and mass layoffs contribute to current economic challenges. The government’s focus on long-term success is evident in its policy adjustments. Market figures like Trump, Bessent, Elon, and Lutnick point to upcoming short-term economic pain. Their views emphasize lower interest rates and a refinancing strategy at reduced yields. Bessent stated, “The Trump economy begins in 6–12 months.” These statements reflect a focus on long-term economic recovery. The market monitors political and economic announcements closely. Recent measures suggest that restructuring efforts may continue over the coming months. Investors remain attentive to data on fiscal spending and employment trends. The Global Liquidity Index Update reported a $1.69T increase this week, marking a 1.30% rise. The three-month rate of change now exceeds the 12-month rate, forming a potent momentum signal. Bitcoin remains under risk-off pressure, yet it historically aligns with liquidity trends over time. A stronger economy combined with rising liquidity tends to benefit Bitcoin in the long run. The crypto market awaits adjustments as liquidity factors influence future trends. Crypto enthusiasts consider liquidity trends a vital market metric. This update encourages closer monitoring of Bitcoin as liquidity increases shape market behavior. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The social network X suffered a large-scale cyber attack on March 10, 2025, disrupting user access. Elon Musk mentions a large-scale coordinated operation, possibly orchestrated by a state. On March 10, 2025, Elon Musk confirmed that a massive cyberattack targeted the platform X , formerly Twitter. This information came after thousands of users reported difficulties accessing the social network. “We are attacked every day, but this time, we used a lot of resources. Either a large and coordinated group is involved, or a country is involved,” the billionaire stated on his official account. Downdetector recorded over 33,000 reports of malfunctions during this day. Although X quickly restored the main functionalities, Musk hinted that the attack continued for several hours after its initial detection. This cyberattack is part of a broader context of tensions surrounding Elon Musk’s activities. Several acts of vandalism have recently targeted Tesla stores and vehicles, probably in reaction to the billionaire’s growing involvement in the Trump administration, particularly through the Department of Government Efficiency (DOGE). The timing of this cyberattack is probably not coincidental. Since his appointment by Donald Trump at the head of DOGE after the November presidential election, Elon Musk has become a political target. According to NBC News, at least ten acts of vandalism have targeted Tesla stores and vehicles, seemingly in reaction to the billionaire’s involvement in the new administration. The DOGE, led by Musk, has already reported $105 billion in savings achieved for American taxpayers through more than 10,000 initiatives, according to a real-time tracking tool. The organization would particularly have the SEC (Securities and Exchange Commission) in its sights, which Musk had previously called a “completely failing organization.” This cyber offensive also occurs as Musk faces criticism regarding the proliferation of bots on X. Changpeng Zhao (CZ), former CEO of Binance and investor during the Twitter acquisition, recently publicly challenged Musk on this issue, calling for radical measures against the automated accounts flooding the platform. Three years after the acquisition of Twitter for $44 billion, Elon Musk finds himself facing major security challenges. Between sophisticated cyberattacks and the proliferation of bots, the future of X will depend on its ability to ensure a reliable environment for its authentic users.

According to a ProPublica report, the U.S. Department of Housing and Urban Development (HUD) is considering using cryptocurrency and blockchain technology to track federal housing grants. Internal discussions within HUD have explored integrating crypto and blockchain into its financial oversight systems. Sources familiar with the matter indicated that HUD officials have conducted meetings about using blockchain to monitor housing grants. While proponents argue the technology could improve transparency and efficiency, critics fear that a poorly planned rollout could destabilize housing funds. One insider warned: It’s just introducing another unregulated security into the housing market as though 2008, 2009 didn’t happen. Despite these discussions, HUD has denied any official plans to implement blockchain or cryptocurrency payments. Spokesperson Kasey Lovett dismissed the speculation, stating: The department has no plans for blockchain or stablecoin. Education is not implementation. At the heart of this push is Irving Dennis, HUD’s newly appointed principal deputy chief financial officer and former Ernst & Young (EY) executive. The global consulting firm has been involved in discussions, with EY executive Robert Judson confirming that conversations took place. “We as a firm were having discussions with select individuals at that agency,” Judson said. The Trump administration has been notably crypto-friendly, with the president himself having significant financial ties to digital assets. His administration has not only relaxed scrutiny on crypto firms but also launched a “ strategic Bitcoin reserve .” Following the announcement of the reserve’s opening, Bitcoin’s value plummeted by $5,000 in just one hour. HUD’s blockchain initiative signals another way in which the administration could be integrating cryptocurrency into government operations. Trump adviser Elon Musk has previously hinted at the potential for using blockchain to oversee federal spending, adding fuel to speculation about broader plans to incorporate the technology into public finance. One of the more contentious proposals under consideration is the potential use of stablecoins—a form of digital currency pegged to an external asset such as the U.S. dollar—to pay HUD grantees. Critics worry that even stablecoins have experienced volatility, citing a 2023 incident where a major stablecoin briefly lost 13% of its value. Former SEC official Corey Frayer condemned the idea, calling it “a terrible idea.” He warned that incorporating stablecoins into HUD’s $1.3 trillion mortgage insurance program could have far-reaching consequences. While some HUD officials expressed skepticism, others saw potential benefits. A finance official suggested the blockchain initiative could extend beyond housing grants to programs like tenant eligibility verification for federally subsidized housing. “We are looking at this for the entire enterprise,” the official remarked.