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

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 - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. 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. - 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. You can learn more about the settlement and file a claim here. - 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.