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	Good Tuesday morning. Billy Bambrough here with your latest batch of crypto news and analysis. 📧 Thank you for reading CryptoCodex! I’d love to hear your feedback, ideas and tips. Email me directly at billy@billybambrough.com.


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24-hour crypto market snapshot

Bitcoin (+5%)

$40,390

Ethereum (+6%)

$2,992

Dogecoin (+27%)

$0.1588

Luna (+9%)

$96.10

Like a doge with a bone 🦴


	Cryptocurrency prices have been led by dogecoin over the last 24 hours, with an Elon Musk-fueled 30% dogecoin pump pushing bitcoin and most other major coins out of the red. The bitcoin price surged back over $40,000 per bitcoin following news of Musk's successful Twitter takeover attempt, with the dogecoin price rocketing back into the CoinMarketCap top ten as traders bet Musk could make the meme-based cryptocurrency Twitter's coin of choice. Read the full story on Forbes. Elsewhere, ethereum and its biggest rivals were also ridding the Musk wave, with ethereum surging 6% and Terra's luna leading the major market higher, up almost 10%. Dogecoin rival shiba inu, while making minor gains over the last 24 hours, has slipped futher down the crypto charts, now the 15th most valuable cryptocurrency. Now read this: FTX/ Defi—If it looks like a duck and quacks like a duck...

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Crypto Twitter under new management 💼


	Ask Elon: Now Tesla billionaire Elon Musk has successfully bought Twitter everyone is asking how "the world's town square" is going to change—with the crypto community specifically interested in what it means for "crypto Twitter," the corner of the platform where shills and spam bots are perhaps most pervasive. The Block has tried to answer that specific question but there's simply just not enough yet known about Musk's plans. Yesterday, beseeched by employees at a company town hall on everything from whether former president Donald Trump will be allowed back on the platform to the general direction of the company, Twitter chief executive Parag Agrawal said "once the deal closes, we will know what direction the platform will go." What we know: Musk has previously talked about adding an edit button, reducing content moderation and potentially allowing dogecoin to be used as a payment method but so far there's been nothing concrete. Axios has put together a comprehensive list of Musk's musings. One thing we know for sure: The price of dogecoin is up 30% since the deal was announced. Bullish for bitcoin? Dogecoin aside; bitcoin believer, Twitter cofounder and former CEO Jack Dorsey has given Musk more than a mere nod of approval, calling Musk "the singular solution I trust." Karma police: "Taking [Twitter] back from Wall Street is the correct first step," Dorsey, a so-called bitcoin maximalist, tweeted alongside a link to the Radiohead song Everything In Its Right Place. "Elon’s goal of creating a platform that is 'maximally trusted and broadly inclusive' is the right one. This is also [Agrawal's] goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path... I believe it with all my heart." Now read this: Crypto industry reacts to Musk buying Twitter

Bored Ape blow out 💥



	This is the second time in a month the Bored Ape Yacht Club NFT collection was hit by scammers. NurPhoto via Getty Images


	👨‍💻 Another day, another major non-fungible token (NFT) hack... Yesterday, both the Instagram account and Discord server of the Bored Ape Yacht Club (BAYC) NFT collection were both hacked, with an unofficial "mint" link being sent out to followers and resulting in "dozens of pricey NFTs being stolen." 🤳 "There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links or link your wallet to anything," the project's offical Twitter account posted. 🕵 The BAYC project claims the Instagram account was hacked despite using two-factor authentication and has begun an investigation in an attempt to discover how the hacker gained access. Listen to this: Did a second nation actually just make bitcoin legal tender?

Institutional future gazing 🔮


	🗳️ A majority (80%) of institutional investors believe that crypto will overtake traditional investment vehicles within a decade, a survey of 5,000 institutional investment strategy decision-makers by crypto exchange Bitstamp found. 🗣 "The survey results show that crypto is a long game and we need to be building for the next 50 to 100 million customers," Bitstamp U.S. chief executive Bobby Zagotta told Blockworks. "The industry needs to enable the infrastructure that supports that next wave of investors." 🚧 However, regulation is currently a major barrier to crypto investing, according to the survey's respondents, with more than a third of institutional investors saying they consider crypto to be unregulated. Good to know: Fidelity to allow retirement savers to put bitcoin in 401(k) accounts

	Billy Bambrough
	Forbes Senior Contributor

I am a journalist with significant experience covering technology, finance, economics, and business. I write about how bitcoin, crypto and blockchain can change the world.

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