Elon Musk

Crypto-Friendly Elon Musk to Host Saturday Night Live

Elon Musk

Elon Musk, who runs Tesla and SpaceX, will be hosting the iconic comedy show Saturday Night Live (SNL) on May 8th. 

The billionaire tech entrepreneur has been tweeting about cryptocurrency, in particular Bitcoin and the meme crypto Dogecoin ($DOGE). 

Dogecoin’s price slightly rose after the news. At the time of writing (26 April, 10:37AM, HK Time), Dogecoin is trading at $0.264028, down 6.7% over the previous 24 hours. Bitcoin is trading at $51,880, up 3% during the period.

NBC’s long-running comedy show Saturday Night Live announced the news in a Saturday tweet adorned with three rocket emojis. The musical guest will be Miley Cyrus.

Recently, Musk continues tweeting about the crypto market. “What does the future hodl?” He asked via Twitter early on Saturday morning. The intentional misspelling of the word “hold” refers to a popular crypto buy and hold strategy. The message sparked speculation over which cryptocurrency Musk backed.


Charles Schwab Looks Closely at Crypto Market

Late March, SNL did a skit about non-fungible tokens (NFTs), which have become the hottest trend in fintech and crypto over the past few months. In a 3-minute explainer-turned-rap skit on the show, US Treasury Secretary Janet Yellen – portrayed by Kate McKinnon – is speaking to a university economics class, when a student asks her what an NFT is. 

On the other hand, retail brokerage giant Charles Schwab is looking “closely” and “cautiously” at the crypto market. It may be slow to add crypto trading service support behind Visa, Mastercard, PayPal, and other financial institutions.

“We would like to see more regulatory clarity,” Schwab’s CEO Walt Bettinger told Reuters. “And if that comes, you should expect Schwab to be a player in that space as it has been a player in other investment opportunities across the spectrum.”

Last October, Charles Schwab completed a $22 billion acquisition of one of its major competitors, TD Ameritrade. Schwab now provides banking and brokerage services to 31.9 million active accounts worldwide.

Another retail-focused online trading platform, Interactive Brokers, is also “working on” offering crypto trading services, its founder and chairman Thomas Peterffy told CNBC in a recent interview.