Elon Musk buys Twitter for $44B, Meta to launch metaverse hardware store and other news

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A week in review: April 24–30

We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news:

#1. Elon Musk buys Twitter for $44B — crypto industry reacts

Eccentric billionaire Elon Musk bought Twitter for around $44 billion this week, or $54.20 per share in cash. After the deal was accepted, Musk said he hoped that "even my worst critics remain on Twitter, because that is what free speech means."
The crypto industry's reaction was mixed, with Dogecoin co-creator Jackson Palmer describing the acquisition as a "hostile takeover" antithetical to the idea of freedom, while Bitcoin bulls Anthony Pompliano and Michael Saylor welcomed the move.
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#2. Meta will open physical metaverse-themed store in San Francisco Bay Area

Mark Zuckerberg's Meta is set to open a retail store in Burlingame, California that will sell virtual reality and metaverse hardware. The store will be located on Meta's Burlingame campus and will feature a wall-to-wall curved LED screen that displays what users see using Meta headsets.
The store will also provide demos for anything related to virtual reality headsets, video communications displays and smart glasses. "The Meta Store is going to help people make that connection to how our products can be the gateway to the Metaverse in the future," said store head Martin Gilliard.
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#3. ApeCoin (APE) hits a new all-time high ahead of this week's Otherside land auction

Bored Ape Yacht Club-affiliated ApeCoin (APE) hit a new all-time high of $22.60 on Thursday amid growing excitement about the upcoming Otherside metaverse land auction, which is being held by Animoca Brands and BAYC creator Yuga Labs.
Otherside is a forthcoming metaverse project within the BAYC ecosystem, and it is hosting the sale of its first 100,000 land parcels on Saturday. Wallets that already hold a BAYC or Mutant Ape Yacht Club NFT will be able to claim a land parcel for free.
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#4. Prediction of the week. Bitcoin repeats rare weekly chart signal that resulted in 50% BTC price dips

Bitcoin's price traded largely sideways this week while still experiencing some volatility. The asset traded both above $40,000 and below $38,000 at times during the week, based on Cointelegraph's BTC price index.
Bitcoin could be headed for negative price action, according to pseudonymous Twitter personality "Nunya Bizniz." Bizniz pointed out a pattern on Bitcoin's chart that has previously occurred prior to 50% price drops — the downward sloping of the asset's 20-week and 50-week moving averages. This chart pattern has occurred twice before, each time seeing BTC's price subsequently decline by more than 50%.
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#5. FUD of the week. Bored Ape Yacht Club NFTs stolen in Instagram phishing attack

The Instagram account belonging to the Bored Ape Yacht Club NFT project was hacked on Monday. According to various unconfirmed social media reports, roughly 100 NFTs worth a combined $400,000 were stolen as part of a phishing attack and fake airdrop. Users believed the links used to carry out the attack were legit since it coincided with the one-year anniversary of BAYC's launch.
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#6. FUD of the week. STEPN impersonators stealing users' seed phrases, warn security experts

Blockchain security firm Peckshield exposed multiple phishing websites for Web3 lifestyle app STEPN. According to the company, bad actors have been able to create and attach dubious MetaMask browser plugins that can be used to steal users' seed phrases.
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