ChainCatcher news, according to Fortune, foreign media reports that Trump’s social platform Truth Social may merge with Musk’s X platform (formerly Twitter). Data shows that Truth Social's revenue in the third quarter of this year was only $2.6 million, with 698,000 monthly active users on mobile and 11.3 million monthly website visits; in contrast, X platform is expected to have an annual advertising revenue of $2 billion, with 70.4 million monthly active users and up to 1 billion monthly website visits.Erik Nisbet, director of the Center for Communication and Public Policy at Northwestern University, stated that since Musk took over, the content style of X platform has gradually aligned with that of Truth Social. Both platforms promote "freedom of speech" as their selling point, primarily targeting conservative audiences. Data shows that 57% of Truth Social users consider it a daily news source, while 59% do the same for X platform.In terms of content moderation, X platform still maintains relatively strict standards, banning approximately 5.3 million accounts for violations in the first half of this year. This is mainly because the platform needs to maintain relationships with large corporate advertisers. Truth Social, on the other hand, has almost no advertising business, resulting in relatively lenient content moderation. Industry insiders believe that a potential merger would be more commercially meaningful for Trump, serving as a cash-out exit strategy, with his shareholding currently valued at approximately $3.3 billion.

ChainCatcher news, according to Forbes, several mainstream media groups in France, including "Les Echos" and "Le Parisien" owned by Europe's richest man Bernard Arnault, announced on November 13, 2024, that they are filing a joint lawsuit against the X platform. The media groups accuse the X platform of violating the EU "neighboring rights" directive by using their news content without payment.Previously, AFP also filed a similar lawsuit against X, with a court hearing scheduled for May 15, 2025. Notably, this will be the first legal confrontation between Arnault, worth $164 billion, and the current world's richest man, Elon Musk, worth $319 billion.The Paris court had requested X on May 24 to provide commercial data within two months to assess its revenue generated from media content, but X has yet to comply with this decision.

ChainCatcher news, Musk responded again with a "peanut" meme when retweeting a post about the government's useless spending.Previously, Musk stated that "America is saved by a squirrel and meme coins." The squirrel refers to the internet-famous squirrel Peanut, which was euthanized by relevant U.S. agencies.

ChainCatcher news, the Web3 asset data platform RootData tweeted that a new X account has been enabled (https://x.com/RootData_Web3), and the original X account will no longer be in use. To help everyone stay updated on RootData's news and research, we welcome you to follow the new X account.

ChainCatcher news, Musk tweeted that the current usage of the X platform has reached 434.1 billion, setting a new historical high.

ChainCatcher news, according to Caixin, thanks to the recent surge in the stock price of Trump Media Technology Group (TMTG), the latest valuation of Truth Social, the social media platform created by former U.S. President and Republican presidential candidate Donald Trump, has surpassed that of its biggest competitor, the X platform owned by the world's richest man, Elon Musk.As of Tuesday, the stock price of Truth Social's parent company, Trump Media Technology Group, has soared 333% from the low point reached at the end of September, bringing its valuation to $10.6 billion. In contrast, Fidelity Investment's latest valuation of X is only $9.4 billion. Fidelity regularly updates its valuation expectations for the social media platform due to its holdings in X. Since Musk's acquisition of X for $44 billion in October 2022, the platform's valuation has decreased by 79%. The $10.6 billion valuation of Trump Media also makes it more valuable than The New York Times, which has a valuation of about $9.2 billion.It is reported that the surge in the valuation of Trump Media Technology Group is not based on fundamentals, but is related to the likelihood of Trump winning the presidential election.

ChainCatcher news, Musk posted a Shiba Inu-related image on the X platform in conjunction with the U.S. elections, in which Musk is seen wearing a "Make America Great Again" hat and raising his fist, while the Shiba Inu in the image is making a similar gesture.Perhaps influenced by this, DOGE briefly surged past $0.14, currently reported at $0.145, with a 24-hour increase of 4.46%, and a market cap rising to approximately $21 billion.

ChainCatcher news, according to a report by Xinhua News Agency's new media, the social media platform X, owned by American tech tycoon Elon Musk, announced on the 4th that it has paid all fines and applied to lift its operating ban in Brazil. However, the Brazilian Supreme Court responded the same day that the decision on whether to allow the X platform to resume operations would be delayed due to the fines being transferred to the "wrong" bank account.According to Reuters, earlier on the 4th, the X platform submitted an application to the Brazilian Supreme Court, stating that it has paid all previously owed fines and hopes to restore its operating services in Brazil. Reuters cited a related document reporting that X platform's lawyers stated the company has paid a fine of 28.6 million reais (approximately 5.24 million USD).

ChainCatcher news, according to sources, Musk's X platform has requested the Brazilian Supreme Court to allow it to resume services in the country. (Jinshi)

ChainCatcher news, Trump posted again "FIGHT FIGHT FIGHT" after the press conference of his cryptocurrency platform World Liberty Financial and pinned it.Perhaps influenced by this, according to market data, the 1H increase of FIGHT on Ethereum is 290%, currently priced at 0.01581 USDT, with a current market value of 15.1 million dollars; the 1H increase of FIGHT on Solana is 137%, currently priced at 0.0004888 USDT, with a current market value of 505 thousand dollars.

ChainCatcher news, according to Cointelegraph, Vitalik posted more in August on the X platform than in the previous 18 months.Throughout August, Vitalik posted or replied about Ethereum, the Ethereum blockchain, and other topics at least 158 times. In comparison, from January to July, he published 44 posts, while he only published 13 posts throughout the entire year of 2023.Additionally, as of September 13, he has posted or replied more than 30 times in September.

ChainCatcher news, the East African country of Tanzania has restricted access to the social media platform X. The internet monitoring organization Netblocks has confirmed this ongoing disruption.Meanwhile, the police have issued a warning that the opposition plans to attack police stations. Politician Tundu Lissu and four other opposition officials from the Chadema party have been arrested in Tanzania. The Tanzanian police warned Chadema members organizing protests via Zoom that these meetings are being used to plan small-scale attacks. The Tanzanian public is using virtual private networks to access X and express their dissatisfaction. Last year, the government considered introducing a mandatory licensing system for the use of virtual private networks.

ChainCatcher news, according to a post by X platform user Pelham, in an interview, Kamala Harris stated that Brazil's decision to shut down the X platform was correct, and all social media platforms should comply with government censorship, including shutting down the accounts of political opponents.

ChainCatcher news, according to Cointelegraph, Brazilian Supreme Court Justice Alexandre de Moraes stated that if Elon Musk does not appoint a legal contact to represent X's business in Brazil, the company's X social media platform will be suspended in Brazil by August 29, 2024. Two weeks ago, X indicated that Justice Alexandre de Moraes threatened to arrest its legal representative in Brazil. In response, the X platform announced on August 17 that it would cease operations in Brazil, but the social media service would remain available to all Brazilian users.It is reported that earlier this year, Musk claimed that Moraes was taking "illegal" and secret measures to force content moderation on X. Moraes, on the other hand, alleged that X allows the promotion of "misinformation" about the Brazilian government on its social media site.

ChainCatcher news, according to a report by Fortune magazine, the social media platform "X" stated in a brief note to employees on Thursday that its long-term office in San Francisco and global headquarters will close in two weeks on September 13 (Friday).In 2012, Twitter took over the 1 million square foot building, and shortly after Musk became the owner of Twitter two years ago, he laid off thousands of employees, auctioned off most of the furniture, and removed the large Twitter sign from the exterior of the building. Since then, several floors of the building have effectively remained closed.Since CEO Linda Yaccarino indicated in an email at the beginning of August that the San Francisco office would close, the company has not communicated any further information to employees. Employees in San Francisco will be transferred to offices in San Jose or Palo Alto. X's headquarters is expected to move to Texas, where other Musk companies such as Tesla, SpaceX, and Boring Co are also headquartered.

ChainCatcher message, Elon Musk posted on X: "Just want to reiterate that this platform is indeed meant to support all viewpoints within the bounds of the law in each country, even those I strongly disagree with and personally dislike. If this is not happening on X, please shout at me (preferably on the X platform)."

ChainCatcher news, former U.S. President Trump returns to the X platform (formerly Twitter) after three years. In his latest tweet, he stated: "They want to silence me, but I will never allow them to silence you. They are not just coming for me; you will be next. I just happen to be standing in their way, and I will never back down. We will make America great again!"Although this tweet is currently only accessible via direct link and is suspected to be in a "search visible" state, it has quickly garnered over 360,000 views.

ChainCatcher news, Musk stated on X that he will have a live conversation with Trump on the X platform tomorrow evening at 8 PM Eastern Time (8 AM Beijing Time on the 13th). The interview will be unscripted, with no topic restrictions.

ChainCatcher news, the Venezuelan government has cut off access for Binance users connecting through state-owned ISPs. The Venezuelan government's censorship actions have extended to the cryptocurrency sector. This measure could affect thousands and is part of a series of crackdowns on other services, with similar actions taken against Mercado Libre, Signal, Reddit, and X.Binance has also acknowledged this situation, stating in an email sent to Venezuelan customers: "Like several company websites in different sectors in Venezuela (including social networks), the Binance website is also facing access restrictions."According to Cointelegraph, unrest has erupted due to disputes over the presidential election results. Venezuela experienced widespread protests following the presidential election on July 28, with both Maduro and rival Edmundo González claiming victory.

ChainCatcher news, according to Cointelegraph, after a court hearing in Ireland, the European Data Protection Board (DPC) stated that Elon Musk's social media platform X has agreed to stop collecting and processing user data in the EU.It is reported that the X platform has agreed to stop processing personal data contained in public posts of its EU/EEA users from May 7, 2024, to August 1, 2024, for the purpose of training its artificial intelligence Grok.