After Elon Musk expressed his displeasure with Twitter’s data on bots and spam accounts, the company agreed to share more information with him.

Twitter provided additional information on bots, including real-time API data, which is probably all Elon Musk needs to move forward with the $44 billion acquisition offer, as reported by Business Insider.

The statistics on daily active users is not sufficient, according to a letter Musk’s attorneys delivered to Twitter, according to sources. Elon Musk requires more information because his staff was unable to analyze bot accounts.

Earlier, Elon Musk had threatened to end the relationship with Twitter if the social media company did not reveal information about bot accounts.

While maintaining that less than 5% of accounts on Twitter are bots, Twitter published data on daily active users and bot accounts.

Some business experts think Elon Musk is trying to paint Twitter as being non-compliant by making constant data requests. He does this to try to get the acquisition transaction renegotiated at a lesser price.

Musk Wants Clarity on “Bots”

 Musk thinks Twitter has more than 20% bot or spam accounts, and that Twitter’s claim that this number is less than 5% is untrue.

He therefore decided to postpone the Twitter deal until he had a firm understanding of how many of these accounts there were.

Prior to a more significant stock market correction, he had already agreed to purchase Twitter for $54.20 per share.

The company’s shares are currently trading for less than $39. Twitter may sue Musk in the event that he backs out of the agreement.

The deal is a top priority for the board of directors of Twitter. Even more, the board has advised Twitter shareholders to vote in favor of the transaction.

To approve the agreement, a special shareholders meeting will be conducted in late July or early August.

The new information includes a stream of Tweets and user activity on the site, also accessible to developers through Twitter’s developer platform.

Following FTX’s assistance to insolvent crypto lenders BlockFi and Voyager, there have been suggestions that Binance may also declare some bailouts. 

Binance has finally broken the silence and addressed the situation.

The firm stated that it is not in the mindset to assist “poor” or failing cryptocurrency initiatives, which also include ‘ill-considered,’ ‘badly handled,’ or ‘poorly organized’ undertakings. Binance stated in its most recent article that bailouts for such ventures are unnecessary and must not be safeguarded.

The post asserts not to keep terrible firms going. However they should allow better ventures to prove their worth, which they will. During the current market downturn, crypto lending businesses were in demand to sell due to huge take on debt.

However, Binance highlights certain kinds of enterprises that we should keep out. According to them, these projects are the ones that are committed to minor errors.

While explaining its points, Binance states that these are now either overspending, have inadequate savings, or have other small, repairable issues. Also the firm believes that such projects often have a few positive characteristics. These are as product-market fit, revenue generation in standard market situations, strong business frameworks, competent teams, and so on.

SEC Commissioner Not In Favor Of Bailout

Shortly following FTX announcement of a $250 million liquidity transfer to rescue out BlockFi, the crypto-friendly SEC Commissioner stepped in. According to her, the latest market crisis is a normal way of splitting the powerful from the poor. Allowing things to unfold gradually.

Peirce stated in an interview with Forbes that there is no rescue option in crypto […] She doesn’t like to claim that they will attempt to find a method to rescue them if they do not have enough right to do so.

However if it happens, she says she will not want to utilize that power. This is because as per the commissioner, there is a need to let these things unfold on its own. Hester Peirce, a cryptocurrency enthusiast, also stated that the collapse might be a useful life lesson for industry players and authorities.

 The crypto market is presently holding onto its crucial levels, despite the majority of the assets losing out on single-digit gains. The market capitalisation of the broader market is presently down 2.79% over the day at $900.21 B. However, one of the few to have out run the industry standards is Shiba Inu’s SHIB. 

Successively, the meme coin Shiba Inu has posed an astounding growth over the last 24 hours. The double-digit spike has been overwhelming for the community. This comes in light of initiatives such as liquidity injection, and burns. An addition to Shiba Inu’s feathers comes following the acceptance of the luxury brand Hublot. Which holds the potential to bring in new investors. 

Have These Catalysts Fueled SHIB’s Run?

 The meme coin Shiba Inu is now the talk of the crypto town for its heroic comeback on the charts. The canine coin SHIB had managed to gulp up another zero, with gains of over 30%. SHIB price is presently changing hands at $0.000009566 with gains of 15.41%. Netizens are contemplating the growth to be driven by the injection of liquidity and burn initiatives. 

Although subjective, token burns have been rising more than ever before. Consequently, a single user is known to have burnt close to 2 Billion SHIB, since the November of 2021. Moreover, giants like Johnson’s store and Amazon have collectively set ablaze more than 70 Million SHIB tokens. 

In contrast, in a boast-worthy feat, Shiba Inu sees acceptance by Swiss luxury watchmaker Hublot. In a public statement, Hublot cites that its latest series of 200-limited-edition watches are now available for online purchase using cryptocurrencies, through BitPay. That said, the payments are limited to customers from the U.S. 

Concluding, marketers are wishful of the run compounding into the one like 2021, when SHIB had posed an extravagant rally. With an increasing number of luxury brands accepting SHIB, the meme coin could draw in newer investors. Who could help escalate the price during bull runs or help keep the prices afloat during a bear season. Meaning it is a win-win situation for the digital asset.