On Tuesday, an unexpected announcement sent Dogecoin prices soaring, turning a popular meme-driven narrative into a real-life initiative.
President-elect Donald Trump revealed his selection of Vivek Ramaswamy and tech entrepreneur Elon Musk to head up a new Department of Government Efficiency (DOGE), aimed at optimizing government spending and reducing administrative waste.
Tasked with reimagining government processes from the outside, Musk and Ramaswamy are set to push for major reforms, applying an “entrepreneurial approach” to streamline the federal structure.
Trump, in his Truth Social announcement, praised the duo as the right figures to cut bureaucracy, simplify regulations, and reduce wasteful expenditures, framing their work as a key part of his “save America” mission.
The two leaders will be focused on this project through July 2026. Musk, in a post on X, emphasized the importance of transparency, pledging that DOGE’s actions will be publicly accessible. He even suggested a leaderboard to track “the most absurd tax dollar spending,” promising a mix of insight and entertainment for the public.
In a bold move to blend legacy sectors with digital asset strategy, Bitcoin Magazine CEO David Bailey is spearheading a merger between his Bitcoin-native firm Nakamoto and healthcare provider KindlyMD.
Economist Peter Schiff isn’t buying the fanfare around the latest U.S.-China tariff deal. In his view, Washington just blinked.
Coinbase is heading to the S&P 500, a landmark step that reflects both the company’s financial evolution and Wall Street’s growing comfort with the crypto sector.
A new wave of companies is joining the Global Dollar Network (GDN), a stablecoin initiative anchored by Paxos and backed by firms like Robinhood, Galaxy, and Kraken.