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 move that underscores its ambition to bridge crypto and traditional finance, Ripple is expanding the role of its newly acquired prime brokerage platform, Hidden Road.
HashKey Capital has officially launched Asia’s first XRP Tracker Fund, providing professional investors with regulated exposure to XRP without the need for direct ownership.
After closing 2024 on a high note, the crypto market faced a sharp correction in early 2025. Enthusiasm that had been fueled by a favorable macro backdrop—including Donald Trump’s presidential win and dovish signals from the U.S. Federal Reserve—quickly gave way to uncertainty…
Donald Trump has reignited his attacks on Federal Reserve Chair Jerome Powell, criticizing him for holding off on interest rate cuts despite slowing inflation.