The value of the meme-inspired cryptocurrency Dogecoin (DOGE) soared shortly after Twitter’s board agreed to Elon Musk’s $44 billion to buy the company, effectively handling control of the microblogging platform to the CEO of Tesla and SpaceX.

Bored Ape Yacht Club’s Instagram was hacked on Monday, with an unofficial “mint” link being sent out to followers shortly after. On Twitter, BAYC warned followers there was no ongoing mint, but many seemingly lost their non-fungible tokens (NFTs).

Fidelity Investments is set to allow retirement savers to allocate to the flagship cryptocurrency Bitcoin. The company, which manages over $4 trillion in assets, said it plans to add a BTC account to its 401(k)s as long as employers allow it.

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Top stories in the Crypto Roundup today:

• Dogecoin Soars After Twitter Accepts Elon Musk’s Buyout Bid
• Over 100 NFTs Stolen After Bored Ape Yacht Club Instagram Hack
• Fidelity to Allow Retirement Savers to Add Bitcoin to 401(k) Accounts
• Chart of the Week: BTC’s News Highs and Lows
• Sponsored: Bybit - Earn Up to $60 in BTC Welcome Rewards!

Dogecoin Soars After Twitter Accepts Elon Musk’s Buyout Bid

The value of the meme-inspired cryptocurrency Dogecoin (DOGE) soared shortly after Twitter’s board agreed to Elon Musk’s $44 billion bid to buy the company, effectively handling control of the microblogging platform to the CEO of Tesla and SpaceX.

In a statement, Bret Taylor, Twitter chair, said the board “conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” and added:

“The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

Twitter shareholders will now receive $54.2 in cash for each share of Twitter common stock they own as Musk’s offer represented a 38% premium to the company’s closing price at the beginning of the month. If completed, it will be one of the largest leveraged buyouts in history.

Musk is a well-known supporter of Dogecoin, who has collaborated with developers to improve the cryptocurrency. Along with DOGE’s co-creator, Musk has pushed for McDonald’s to accept payments in the meme-inspired cryptocurrency and has hinted SpaceX – a company he also owns – could soon accept payments in DOGE.

His electric car maker, Tesla, accepts DOGE payments on its website for specific products such as its “cyberwhistle,” its “Giga Texas” belt buckle” and its “cyberquad” four-wheeler for kids.. Musk has suggested Twitter could use DOGE as a means of payment.

Over 100 NFTs Stolen After Bored Ape Yacht Club Instagram Hack

Bored Ape Yacht Club’s (BAYC) Instagram was hacked on Monday, with an unofficial “mint” link being sent out to followers shortly after. On Twitter, BAYC warned followers there was no ongoing mint, but many seemingly lost their non-fungible tokens (NFTs).

The malicious mint link led users to a website claiming users could mint “land” in the upcoming Otherside metaverse, but trying to mint instead gave the hacker control over their wallets.

The hacker’s Ethereum address shows that they received 134 NFTs in a few hours on Monday, including assets from the Bored Ape, Mutant Ape, and Kennel Club collections. The value of the stolen NFTs is estimated to be above the $40 million mark.

Yuga Labs, the firm behind BAYC, and Instagram are reportedly still investigating how the account was compromised.

Fidelity to Allow Retirement Savers to Add Bitcoin to 401(k) Accounts

Fidelity Investments is set to allow retirement savers to allocate to the flagship cryptocurrency Bitcoin. The company, which manages over $4 trillion in assets, said it plans to add a BTC account to its 401(k)s as long as employers allow it.

The new functionality could be rolled out as soon as this summer with management fees for the BTC account ranging between 0.75% and 0.9%. The exact fee would depend on the amount invested and the employer.

Fidelity was among the first global financial institutions to move into the crypto market. It launched a digital assets arm back in October 2018.

Chart of the Week: BTC’s News Highs and Lows

This week’s Chart of the Week displays the new yearly highs and lows of both Bitcoin and Ethereum, the top two cryptoassets by market capitalization.

CryptoCompare has also looked that the new yearly highs and lows of Avalanche and Solana, and found that out of all these cryp+toassets Solana achieved the highest number of new yearly highs (37) and the fewest number of new yearly lows (2).

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