Today in crypto, TikTok responded to accusations by US Representative Brad Sherman, who claimed the platform made significant purchases of President Donald Trump’s official memecoin. The TikTok Policy account refuted these claims, asserting they were false and misleading. This controversy comes amid a third executive order delaying the potential ban of TikTok in the US, providing the platform an extra 90 days to secure a buyer. Meanwhile, Bitcoin's market sentiment remains polarized, with only slightly more bullish comments than bearish ones, a ratio not seen since April. Bitcoin's price has remained stable around $104,500, with analysts noting a split opinion on whether it will soar above its all-time high or drop significantly. Lastly, Elon Musk’s social media platform, X, plans to introduce financial services by 2025. CEO Linda Yaccarino indicated that users will be able to make payments and investments within the app, marking a significant shift for the platform. The introduction of these features is positioned to create a comprehensive financial ecosystem for X users.

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