Elon Musk, CEO of Tesla, discussed the future of the X platform in an interview, describing it as “all things that you would want to use online” and comparing it to what PayPal should have been. Musk revealed that the X payments feature is set to launch later this year, sparking speculation about the potential integration of Dogecoin (DOGE) into the payments ecosystem. Musk has previously included DOGE as a payment option on Tesla’s merchandise store and occasionally posts about it on social media.

The burn rate of SHIB tokens saw a significant spike, increasing by 4,240% in the last 24 hours, according to data from the Shibburn tracker’s website. The SHIB community burned 15,712,916 Shiba Inu tokens, coinciding with the announcement of a “new burn era” by the SHIB development team. They are testing a revolutionary Shibarium mechanism for burning SHIB coins, which is crucial for the economic model of Shibarium.

Tesla’s financial report for Q4, 2023, revealed a total revenue of $25.2 billion and an operating profit of $2.1 billion. Despite holding Bitcoin for six consecutive quarters, Tesla did not buy or sell any Bitcoin during Q4. The company’s Bitcoin holdings stand at 9,720 BTC. Tesla’s quarterly performance received mixed reviews, with a modest year-over-year increase in automotive revenue and overall revenue and earnings per share slightly below market expectations.