Last mentioned: Mar 26, 2026
Musk Takes Stand
Musk testifies in the shareholder class-action trial in San Francisco.
Acquisition Closes
Musk completes the purchase of Twitter and immediately fires top executives.
Deal 'On Hold'
Musk tweets that the deal is on hold pending details on spam/bot accounts, causing stock to drop.
Merger Agreement
Twitter board accepts Musk's offer to buy the company for $44 billion.
Stake Disclosure
Musk reveals a 9.2% stake in Twitter, several days after the SEC-mandated deadline.
As the cryptocurrency market faces a significant correction in early 2026, investors are weighing the relative value of Bitcoin against XRP, which has fallen 61% from its 2025 peak. While Bitcoin remains the institutional gold standard, XRP's recent regulatory clarity and the launch of dedicated ETFs present a high-risk, high-reward alternative for those betting on cross-border payment utility.
Bitcoin has retreated below the critical $69,000 threshold as escalating Middle East tensions and renewed regulatory concerns trigger a broader de-risking event. The sell-off highlights the cryptocurrency's continued sensitivity to macroeconomic shocks ahead of the traditional market open.
Citigroup has revised its performance targets for digital asset initiatives downward, citing persistent delays in the passage of comprehensive cryptocurrency legislation. This strategic shift highlights the growing tension between institutional readiness and the lack of a clear regulatory framework in major financial markets.
Elon Musk has taken the stand in a San Francisco federal court to defend against shareholder allegations that he intentionally deflated Twitter's stock price during his 2022 acquisition. Investors claim Musk's public skepticism regarding bot accounts was a calculated tactic to lower the $44 billion purchase price.