Elon Musk Brings Bitcoin Tips to X! Send Crypto Directly to Creators!
1⃣ In today’s episode: X social network adds Bitcoin tipping, Bybit updates its Proof of Reserves, OpenAI eyes a \$500B valuation, China may approve yuan-backed stablecoins, and SkyBridge Capital moves \$300 million into tokenized assets on Avalanche.
💸 X social network introduces Bitcoin tipping
Users of Elon Musk’s platform can now send tips in Bitcoin via BitBit, a third-party wallet using the Lightning Network. This feature allows content creators to receive crypto payments directly, while XChat, the platform’s updated messenger, offers secure voice, video, and encrypted messaging for paid subscribers.
📊 Bybit releases updated reserve report
Bybit’s new Proof of Reserves report shows strong asset coverage for July–August 2025, with USDC at 184% and XRP at 138%. The audit, conducted by Hacken, covers 40 cryptocurrencies, reinforcing the exchange’s commitment to transparency despite ongoing debates over PoR’s effectiveness.
🚀 OpenAI could reach a \$500B private valuation
OpenAI is in talks for funding that could value the company up to \$500B, potentially making it the world’s most valuable private firm. With 700 million weekly active ChatGPT users and rapidly growing revenue, investor interest remains high despite concerns over costs and AI valuation bubbles.
🌏 China may approve yuan-backed stablecoins
Chinese authorities are considering issuing stablecoins pegged to the yuan to strengthen its global position. Key hubs like Hong Kong and Shanghai will be central to implementation, with discussions expected at the Shanghai Cooperation Organisation summit later this month.
💰 SkyBridge Capital to move \$300 million into tokens on Avalanche
SkyBridge Capital plans to allocate \$300 million of its funds into tokenized assets via the Avalanche network, in partnership with Tokeny. The move highlights institutional interest in blockchain-based financial instruments and signals broader adoption of tokenization in the coming years.
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#bitcoin #xsocial #bybit #proofofreserves #openai #stablecoins #china #yuan #skybridge #avalanche #tokenization #CryptoNews
⏱ Timestamps:
00:00 — Intro
00:17 — Episode overview
00:47 — X social network introduces Bitcoin tipping
02:16 — Bybit releases updated reserve report
03:34 — OpenAI could reach a $500B private valuation
05:10 — Ad break: MinerLink
06:03 — China may approve yuan-backed stablecoins
07:29 — SkyBridge Capital moves \$300 million into tokens on Avalanche
09:29 — Ad break: CashBanx
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