Musk's social media platform, X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states including Maryland, New Hampshire and Rhode Island.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today's Stories:

First Mover Americas: Musk's X Obtains Payment Licenses in Several U.S. States

Bitcoin Starts to Retrace Grayscale-Fueled Gain; SOL, XRP, DOT Lead Majors Slide

Bitcoin Average Trade Size Jumps to Highest Level Since June After Grayscale Ruling

Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018

Ether Heads for 'Death Cross'

Elon Musk's X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto

Scores of Friend.tech Users Remain Active Even as Trading Volumes Drop 95%

Binance to 'Gradually' End Support for BUSD Products

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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

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Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

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This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

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Crypto Update | Musk's X Obtains Payment Licenses in Several U.S. States

Markets Outlook