Elon musk is a tech billionaire and Dogecoin advocate. He made a joke that, a person visiting Twitter headquarter will be charged a fee. Elon musk also stated that this fee will be charged in Dogecoin. When a user expressed interest in visiting the Twitter headquarters musk charged him 3 dogecoins. This charge is significantly low about the $8 USD monthly fee that Twitter charges to a blue verification check. At the time of writing, three Dogecoins are valued at $0.222040 USD. According to musk’s tweet the price of Dogecoin, the largest meme token by market cap, experienced a surge of over 4% to reach $0.0785. Here, the price has dropped slightly to $0.0776 on the Binance exchange. The initial increase may be attributed to enthusiasm from the Dogecoin community.

FTX Group is set to recover approximately $404 million, which its founder Sam Bankman-Fried allegedly transferred to the investment fund Modulo Capital. The proposed bankruptcy settlement was made public on Wednesday and aims to add to the crypto firm’s slowly growing pot of money. According to court records, Modulo Capital, managed by Xiaoyun “Lily” Zhang and Duncan Rheingans-Yoo, received $475 million before FTX collapsed into bankruptcy amidst fraud allegations. The settlement was filed on Wednesday afternoon in a federal court in Wilmington, Delaware. FTX has claimed that Modulo has no other funds to repay the $404 million in question.  By avoiding an expensive lawsuit, FTX said the deal is worth $460 million.