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.
According to Binance Research’s H1 2025 digital asset market report, the total cryptocurrency market value rose by 1.99% year-to-date—signaling cautious optimism following 2024’s explosive 96.2% rally.
Global payments giant Mastercard has declared that stablecoins have reached a pivotal moment, offering real-world benefits and drawing closer to mainstream adoption.
Analyzing the latest updates shared by Wu Blockchain, this past week underscored a pivotal shift in the crypto landscape. Bitcoin surged to a new all-time high of $123,226, pushing the overall crypto market cap beyond $4 trillion—a milestone reflecting renewed investor confidence and accelerating institutional flows.
Charles Schwab is preparing to roll out spot Bitcoin and Ethereum trading, according to CEO Rick Wurster during the firm’s latest earnings call.