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Elon Musk's Department of Government Efficiency (DOGE) has unveiled significant government waste, including a manual retirement processing operation in a Pennsylvania mine and $20 billion in waste identified by the EPA. Additionally, FEMA's $59 million spent on housing illegal immigrants in luxury hotels has been criticized, while USAID's funding of a $20 million "Sesame Street" project in Iraq raises further concerns about spending priorities.
Iowa's leaders are backing Elon Musk and DOGE amid a push to cut federal spending, with mixed reactions from residents. While some support Musk's aggressive approach to reduce bureaucracy, others express concerns about the potential disruption to essential services and the implications of his unchecked access to government systems.
The Dogecoin team asserts that the cryptocurrency will never reach a value that would cost users $1 billion, contrasting its utility with Bitcoin's. They emphasize Dogecoin's design for everyday transactions, highlighting its accessibility for regular people. This statement follows a reflection on the infamous 10,000 Bitcoin pizza purchase, which would now be worth $1 billion.
As JetBolt's presale gains momentum, attracting crypto enthusiasts and over 255 million tokens sold, it showcases innovative features like zero-gas transactions and AI integration. Meanwhile, Dogecoin, fueled by Elon Musk's influence, continues to capture attention as a leading meme coin, raising questions about its future potential alongside emerging altcoins like JetBolt.
Robinhood holds nearly $10 billion in Dogecoin, raising concerns about market stability due to its significant centralized holdings, which account for one-third of the total circulating supply. The memecoin's popularity surged with social media attention, particularly from Elon Musk, but its price has remained stagnant recently amid bearish market sentiment. Discussions in the U.S. Senate have also highlighted Dogecoin's cultural impact, with Senator Joni Ernst using a Doge-themed visual during a speech.
Elon Musk celebrated the appearance of a popular DOGE meme during a Senate speech by Senator Joni Ernst, who chairs the Senate DOGE Caucus. Ernst emphasized the significance of the newly formed "Department of Government Efficiency," which Musk will lead alongside Vivek Ramaswamy, aiming to tackle federal overspending and regulations. Despite the buzz, Dogecoin's price fell by 4.56%, trading at $0.326.
Senator Joni Ernst showcased a Dogecoin meme during a Senate address to advocate for government efficiency, prompting co-creator Billy Markus to humorously react on social media. Meanwhile, Dogecoin's value has seen significant volatility, dropping 7% over the week and 8% in the last 24 hours, raising concerns about its future amid speculation regarding Elon Musk's shifting interests towards the Pepe meme.
Dogecoin has experienced a 6% decline, yet traders remain optimistic due to increased social media activity and accumulation by large holders. Despite recent liquidations totaling $18.8 million, bullish sentiment persists, with price targets set at $2 for 2025 and $8 for 2028, as key support levels are being tested. Notably, Dogecoin's mention in a speech by Senator Joni Ernst underscores its growing significance.
Vitalik Buterin emphasized the need for Ethereum to balance technical advancements with increased visibility for projects on the platform. He highlighted the importance of scaling Ethereum and supporting long-term enhancements like Account Abstraction and EVM upgrades, while also promoting community innovation to strengthen the ecosystem. Meanwhile, the SHIB burn rate has significantly dropped, reflecting a challenging market, although weekly metrics show a notable increase in burns.
Elon Musk and Vivek Ramaswamy are spearheading the Congressional Delivering Outstanding Government Efficiency (DOGE) Caucus, aiming to cut federal spending and streamline government operations. Their proposals, which include significant workforce reductions and agency eliminations, have garnered bipartisan interest, with a recent meeting on cost-cutting strategies held on Capitol Hill. Amidst this, the Dogecoin Foundation seeks funding for future development, capitalizing on Musk's ongoing support for the cryptocurrency.
Joni Ernst
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