Elon Musk Transforms Twitter into X Corp, DOGE Shoots Up 11%

Twitter, now part of X Corp, is on the way to become a social hub with DYOR tools.

Elon Musk smiling and pointing the thumb to proudly sitting Shiba Inu dog with a crown on its head in 'X' app logo background.
  • Leaked Miami Court documents show that Twitter Inc. no longer exists.
  • X Corp is the parent company of the forthcoming all-in-one ‘X’ app.
  • Buying Twitter was “an accelerant to creating X,” Musk claims.

Twitter and Tesla CEO Elon Musk liquidated Twitter Inc. and merged the social networking giant with X Holdings Corp, which is set to feature all of the spaceman billionaire’s companies – Tesla, NeuraLink, The Boring Company, Twitter & SpaceX. 

According to the merger documents from Carson City, Nevada, the merger went live on March 15th, 2023, and is incorporated in Nevada but headquartered in San Francisco. This comes just days after Twitter struck a partnership with the American trading platform eToro to implement crypto widgets and financial tools for independent research.

eToro Launches Twitter Built-in Exchange

Twitter has been undergoing extreme changes, with new boss Musk laying off 80% of the staff and terminating deals with most advertisers on the microblogging platform. As a result, Twitter’s stock value went down from $44 billion to just $20 billion.


However, the financial setbacks didn’t stop the severely reduced Twitter staff from working on Twitter 2.0. Now a part of X Corp, Twitter recently joined forces with eToro, a popular retail stock trading exchange. The new trading features, primarily focused on Bitcoin (BTC) and Ethereum (ETH), went live just half an hour ago.

DOGE Boosts Amid Starship Launch Attempt

Following the news of the SpaceX Starship launch attempt, Elon Musk’s beloved top dog memecoin Dogecoin (DOGE) gained 3.3% and is currently trading at $0.091, according to CoinGecko. Weekly charts also indicate a healthy 11% increase. Currently, DOGE has managed to reclaim the $0.09 middle resistance line but is still facing bear pressure with two bearish on-chain signals in Net Network Growth and Large Transactions, according to IntoTheBlock analytics.

On The Flipside

  • Despite Elon Musk’s SpaceX planned Starship failing to take off today, the attempt is widely discussed among Dogecoin investors on Twitter.
  • As a result of the enthusiasm, #DogecoinToTheMoon is trending on Crypto Twitter.

Why You Should Care

The all-in-one app ‘X’ has a crypto-friendly approach and aims to provide tools to increase financial literacy.


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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.