X Corp

Bitcoin and Ether bears are reportedly being decimated amid a 'squeeze-led' rally within the crypto market. Separately, Musk’s platform X announced plans to compensate creators using stablecoins.

Elon Musk's X is exploring the use of stablecoins for payments on its platform. This initiative aims to pay content providers and influencers who contribute material to the site.

Former Rep. Marjorie Taylor Greene quipped that she “can’t remember the last time” she saw someone wear President Trump’s MAGA hat. The lawmaker shared a post on X showing a billboard for a “Trump Superstore,” which featured an adjacent sign stating it was going out of business.

Karoline Leavitt stepped down as White House press secretary to focus on her family, and her resignation post on X was labeled as "made with AI." This disclosure highlights broader industry efforts by companies like YouTube, Substack, Pinterest, and Anthropic to implement watermarking and tools intended to identify AI-generated or manipulated content.

A poster reported contacting an individual via X who claimed to recover hacked accounts. This person initially demanded $50 for a recovery process on Telegram. The situation became suspicious when the contact later asked the poster to log into a Throne account using his own logins.

Todd Blanche was confirmed as US attorney general by a narrow vote of 50 to 49, while senators also deferred action on the president’s voting bill until after recess. The Senate minority leader, Chuck Schumer, criticized this confirmation, stating it hands Trump an excuse to continue his “pervasive, breathtaking corruption.”

Spencer Pratt stated that he is working with President Trump on a 25 percent federal film tax credit. In an X post, Pratt claimed this move was designed to "bring back Hollywood," adding that he is committed to saving Hollywood.

Nikita Bier, X's head of product, announced his departure from the role after a year, citing that running the app has been a "24/7" undertaking and he needs time to take a breather. While stepping back from leading product, Bier confirmed he will continue working with X as an advisor. He thanked Elon Musk for the privilege of working at the company.

Abdul El-Sayed won the Michigan Democratic Senate primary against Haley Stevens by a narrow margin after a prolonged vote count. He will face Republican nominee Mike Rogers in November, with the race seen as pivotal for Senate control.

Dr. Abdul El-Sayed has won Michigan’s Democratic Senate primary over Rep. Haley Stevens by a narrow margin of approximately 15,000 votes. The race concluded after nearly 12 hours of counting, with El-Sayed facing Republican nominee Mike Rogers in November.

Republican Rep. Max Miller refuses to withdraw from his reelection campaign despite a congressional ethics investigation into domestic abuse allegations. Miller's party expresses anxiety about his electability in a competitive Ohio district, while his opponent, Brian Poindexter, criticizes his 'moral bankruptcy.' Miller has raised significantly more campaign funds than his rival.

CJP spokesperson Saurav Das claimed his home was filmed without consent. He reported 15-20 people gathered outside his residence on August 5, with some present since the previous night.

Mexican President Claudia Sheinbaum announced a nationwide campaign to address social media's psychological hazards, using platforms like X, TikTok, and YouTube to deliver warnings. The initiative includes regional forums, educational livestreams, and offline activities like board games to combat screen addiction among youth.

A company used AI to enhance mundane photos, leading to intense online backlash. The company's co-founder and Chief Product and Technology Officer posted an announcement about moving to a new office in Indirangar.

Haley Stevens conceded the 2026 Michigan Senate primary to Abdul El-Sayed after viral videos of her pro-Israel comments were weaponized by his campaign, which leveraged online ridicule to offset AIPAC's $30 million in support for Stevens.

Speaker Mike Johnson spoke to Rep. Chuck Edwards before Edwards ended his reelection campaign via an early-morning X post. Johnson did not comment on whether Edwards should continue after the House Ethics Committee recommended censure over 'inappropriate conduct' with young women on his staff, stating Edwards had a big decision to make and planned to discuss further, encouraging him to consider his family and others.

Social media platform X announced it is challenging the block of jailed Istanbul Mayor Ekrem Imamoglu's presidential candidacy account in Turkey, despite skepticism from digital campaigners who cite X's history of complying with government requests to block opposition accounts. The company stated Turkish laws compelled it to act but emphasized it is contesting the order in court.

ICE deported illegal migrants from a Louisiana airport, as shown in a video shared by the Department of Homeland Security on X. The video depicted groups of undocumented immigrants being loaded onto planes for deportation.

Tech companies are revisiting the concept of a 'super app' that consolidates multiple services into one platform, driven by AI advancements. While previous attempts in the US failed, companies like Microsoft and Elon Musk's X (formerly Twitter) are exploring new iterations, though challenges like market fragmentation remain.

Rep. Chuck Edwards dropped his re-election bid after the House Ethics Committee recommended his censure over sexual harassment issues. He stated he would complete his current term following the decision.

Gil Durán was permanently banned from Elon Musk’s X after criticizing a Palantir 'technological manifesto' as 'fascism.' His new book, The Nerd Reich: Silicon Valley Fascism and the War on Democracy, argues that big tech billionaires are steering the planet toward apocalyptic visions by abandoning democracy.

Social media platform X is complying with a Turkish court order to block access in Turkey to Istanbul Mayor Ekrem Imamoglu's presidential candidacy office account, citing national security and public order, but is challenging the order in court.

The U.S. House Ethics Committee has opened an investigation into domestic abuse allegations against Rep. Max Miller. Miller, a senior adviser to Trump, faces a Wednesday deadline to decide whether to stay in his reelection race, with Republicans concerned about potential political consequences. The allegations, made by his ex-wife Emily Moreno, include domestic violence and possible illegal drug use, prompting calls for his resignation from Sen. Bernie Moreno, Emily's father.

A Wisconsin gubernatorial candidate described as a socialist became uncomfortable and gave an incoherent response when asked about a 2020 X post that criticized Thanksgiving. The candidate faced scrutiny over the post during a press interaction.

BMW is displaying promotional ads for the new 'Spider-Man: Brand New Day' movie in its vehicles as part of a collaboration with Marvel. The ad includes a banner, full-screen animation, and ambient lighting changes, appearing in around 70 markets until August 10. Some online critics called the marketing tactic 'disappointing' and 'cheapens BMW.'

Elon Musk faces investor scrutiny during SpaceX's first public earnings call as shares decline by half from their June peak. Concerns include financial losses, Starship rocket testing delays, and insider stock sales following a lockup expiration. SpaceX's satellite business Starlink generates cash, but its AI and social media ventures remain unprofitable.

Nigel Farage and Rupert Lowe, leaders of Reform UK and Restore Britain, are engaged in a contentious political rivalry that has impacted the British right-wing landscape. Their conflict, rooted in policy differences and personal tensions, has led to fluctuating alliances and could influence the next general election.

SpaceX stock has lost half its value since June, prompting investor concerns over Elon Musk's future plans and financial performance. The company faces its first quarterly earnings report since going public, with expected second-quarter losses of $1.9 billion and insider share sales set to increase after a lockup period expires. Musk may address delays in Starship rocket testing, Starlink's growth, and unconfirmed merger rumors with Tesla.

A senior Iranian official warned the US that its naval blockade against Iranian ports would lead to risks and casualties for American vessels if it continues, vowing to prevent a second corridor in the Strait of Hormuz.

A scam related to the WestJet strike is occurring on social media, where impostors are requesting personal information and directing victims to download an app called 'World Remit' for refunds. The article warns against engaging with unsolicited calls claiming to be from WestJet.

OpenAI hosted influencers at a luxury retreat in upstate New York, including beekeeping and meals, which drew online criticism for greenwashing. The event, tied to the launch of ChatGPT Work, faced backlash for appearing hypocritical given OpenAI's energy-intensive data centers.

Acting Attorney General Todd Blanche secured key Republican support for his nomination to lead the Department of Justice after submitting a written assurance that the administration's 'anti-weaponization' fund is rescinded. Senators John Cornyn and Thom Tillis, who had withheld support, endorsed the move following the announcement, which also addressed Cornyn's concerns about an IRS settlement agreement.

US Central Command (Centcom) reported redirecting 44 commercial vessels, disabling 2, and boarding 2 as part of a blockade in the Strait of Hormuz. The action is described as enforcing a U.S. blockade against Iran, with updates provided via a X post on August 3, 2026.

Apple has filed a legal appeal against the U.K. government’s demand to create a backdoor for accessing encrypted user data. The dispute involves Apple’s refusal to build a backdoor, the U.K. shifting from global to targeted access requests, and Apple discontinuing Advanced Data Protection for British users in February 2025.

Delhi police are targeting social media accounts sharing misleading videos about the Jantar Mantar protest, which falsely depict the concluded agitation as ongoing. Meta and X have been ordered to remove such content, while authorities identify accounts for potential legal action.

Morocco attributes the migrant influx into Ceuta to misinformation and human trafficking networks. Baseless conspiracy theories linking Israel to the crisis spread widely on X, reaching over 100 million people.

Sen. Bernie Moreno accused Rep. Max Miller of abuse and stated he should not serve in Congress. Miller denied the allegations and vowed to remain in the race for Ohio's 7th District. The situation could impact the House race and Republican control.

A scam on X, Discord, or Steam involves fake accounts claiming mistaken reporting, directing victims to a fake support contact. Scammers request personal and bank information, threaten IP bans, and use compromised accounts to repeat the fraud.

Sen. Bernie Moreno accused Rep. Max Miller, his former son-in-law, of abusive behavior and called for his resignation from Congress, citing concerns for his daughter and granddaughter's safety. Miller denied the allegations and emphasized no criminal charges have been filed against him, while the dispute unfolded publicly amid Ohio's August ballot deadline for replacing congressional candidates.

Ohio GOP Rep. Max Miller denies allegations of domestic abuse against his ex-wife and daughter, vowing to remain in his reelection race. Sen. Bernie Moreno, his ex-father-in-law, called him a 'danger' and unfit for office, escalating tensions before a critical ballot deadline.