Elon Musk's confirmation that he is continuing with his plans to buy the social network Twitter has boosted the price of the company's shares and Dogecoin, the billionaire's "favorite" cryptocurrency. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Elon Musk changes his mind and proposes to continue with the purchase of Twitter
📍Elon Musk's lawyers have confirmed that the billionaire will go ahead with the purchase of Twitter. In a letter In a filing with the U.S. Securities and Exchange Commission (SEC), Musk's parties, which include Elon Musk and companies X Holdings I Inc. and X Holdings II Inc., confirmed that they intend to proceed with the closing of the Twitter acquisition agreement, which began in April of this year.
According to the letter, the original purchase agreement will remain in place at a value of $54,2 per share, for a total transaction value of $44.000 billion.
At press time, Twitter shares are up 22,9% and trading near $52. Meanwhile, Musk's favorite cryptocurrency, Dogecoin (DOGE), is holding a value of $0,066 per unit, up nearly 10% on Tuesday.
Aave Crypto Community Votes for Third Iteration
📍The liquidity of the DeFi protocol Aave could be affected with the arrival of Aave V3. It seems that the Aave user community wants to create a new protocol for implementing Aave V3 on the Ethereum blockchain, instead of updating the smart contracts of the current protocol, Aave V2.
Although the community governance vote closes on October 11th, currently the 99,9% of the votes made so far is in favor of building a new Aave.
According to Bored Ghosts Developing’s analysis of the proposal, implementing a new protocol for Aave V3 will be easier and less expensive, although it could fragment the protocol’s liquidity. In their analysis, the Aave contributor noted that a new implementation will technically separate Aave v2 liquidity from Aave v3 liquidity, thus necessitating a plan to migrate user positions and liquidity to the new protocol.
Imaginary Ones brings Hugo Boss style to the Metaverse
📍Hugo Boss' exclusive garments will be available in the Metaverse thanks to an alliance between the brand and the Web3 company Imaginary Ones. In a releaseImaginary Ones has revealed that it will be bringing Hugo Boss into the virtual world in a holistic 360-degree metaverse experience. The partnership was made through the fashion company’s youth arm, HUGO, which is taking a major step in its exploration of the metaverse.
The launch of the brand's first NFT collection, titled 'Embrace Your Emotions', will be composed of 1.003 3D animations and represents a significant milestone in Hugo Boss's global update this 2022. The crypto collection will be available next November.
Ethereum Index Fund ETF Launched
📍A new exchange-traded fund gives US investors exposure to Ethereum. Asset management company Fidelity Investments has launched Ethereum Index Fund, a new publicly traded ETF that offers exposure to Ethereum (ETH), the second most capitalized cryptocurrency in the market.
According to the form filed with the United States Securities and Exchange Commission (SEC), the Ethereum Index Fund has raised nearly $5 million since its opening.
Another McDonald's franchise receives payments in Bitcoin
📍In addition to the franchise in El Salvador, the McDonald's franchise in Lugano also receives bitcoins. So what reported Bitcoin Magazine on its Twitter account. According to the note, the fast food chain franchise also accepts payments with the Tether (USDT) stablecoin in the Swiss city.
Lugano legalised Bitcoin payments in March this year, accepting local tax payments in this cryptocurrency and promoting the creation of its own LVGA token. All this in order to enhance its position as an innovative city that is at the forefront of new technologies.
Continue reading: What are the 10 favorite cryptocurrencies of banks?
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