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X-ing Fingers: Musk Set to Revolutionize the Social Media World
The newly christened X, previously known as Twitter, has seen an impressive surge in users. This milestone marks the first triumph of a radical rebranding strategy where the platform's owner, Elon Musk, is converting the tweeting bird into an ambitious all-in-one app. 
The founder and CEO of ENF, Yves La Rose, officially announced this on Twitter. He claims that the company allegedly failed to fulfill its investment commitments totaling $1 billion.
According to Yves La Rose, this has caused significant financial and marketing issues for the EOS community, and he holds Block.one responsible as the original creator of the project. 
In a bid to compete with Twitter (recently rebranded to X) TikTok has launched a new feature enabling users to create and share text-based content.
:comet: The move comes just 20 days after Meta’s Threads was introduced as a rival to X.
Additional features like stickers, tags, hashtags, background colors, and draft saving are also available to enhance text-based content. 
The lawsuit between the U.S Securities and Exchange Commission (SEC) and cryptocurrency exchange Coinbase is moving forward as the date for initial arguments has been confirmed. Coinbase's chief legal officer, Paul Grewal, revealed on Twitter that New York judge Katherine Polk Failla had approved the joint request from both parties to proceed with hearings.
Coinbase has until August 4, 2023, to submit its initial brief and additional supporting documents by August 11. The SEC's opposition brief is due on or before October 10, with Coinbase's reply by October 24 or sooner. 
Twitter Threatens Legal Action Against Threads
Twitter has sent a legal notice to Meta, the parent company of Instagram, regarding its recently introduced text-based platform named Threads. Twitter’s lawyer, Alex Spiro, sent a letter to Meta CEO Mark Zuckerberg accusing the company of unlawfully poaching former Twitter employees to create a “copycat” application. 
Hwang, co-founder of Orange Photography, had been the proud owner of the one-letter Twitter handle until the recent Twitter rebranding. As recently as Tuesday, he asserted that no one had attempted to reach out to him, but now the account is being managed by Elon Musk's company.
According to reports from American and British media, the company not only took control of the account without prior discussion but also refused to offer any compensation. The only thing they offered Hwang was exclusive merchandise.
Later, Hwang wrote from his new account, "All's well that ends well." 
EraLend, a cryptocurrency lending protocol, was victimized by a re-entrancy attack, leading to substantial losses of $3.4 million.
The project's team confirmed via Twitter that the threat has been contained, and all loan transactions have been halted. As a precautionary measure, it's currently recommended to avoid making USDC deposits. 
The tech tycoon has stirred the online world yet again by displaying the fresh emblem of Twitter and Dogecoin as his profile location.
While the overall market is submerged in a sea of red, DOGE has managed to record a 9% surge within a day, now exchanging at $0.077. 
Elon Musk has launched x.com website that points directly to Twitter. He also promises to transform the iconic blue bird logo into the letter "X" within a single day.
According to the billionaire, this rebranding effort is aimed at transforming Twitter into an all-in-one "everything app," serving not only as a social media platform but also as a payments app and messenger.
In the wake of the news, the X token from an unrelated NFT marketplace with the same name skyrocketed by 1000%. (edited) 
Jack Dorsey: "Bitcoin is the Internet's Native Currency"
Jack Dorsey, the innovator behind Twitter's microblogging system, has had a profound impact on the online world, making waves far beyond those of Mark Zuckerberg and Elon Musk. He's not only an ardent supporter of cryptocurrencies but also the founder of a crypto literacy project. 
3AC Co-Founder Plans Unique Recovery Process for Creditors
During a Twitter Spaces event, Kyle Davies, the founder of the bankrupt hedge fund Three Arrows Capital, revealed his plans for a new crypto trading platform called OPNX. Davies expressed his intention to give back to his creditors and explained that the new platform would offer a unique opportunity for early supporters.