Elon Musk suggests that if Donald Trump does not win in November, it may be his final campaign. This comes alongside a significant surge in the memecoin, “US Government Efficiency Committee” (DOGE), which skyrocketed over 33,000% from its September lows before retreating to $0.01989.
Musk asserts, “Few Americans realise this could be Trump's last election.” He raises concerns about the Biden-Harris administration’s handling of immigration in key swing states, which he believes could influence election outcomes.
Musk has indicated a willingness to join the proposed government efficiency committee suggested by Trump.
During discussions on job cuts at Tesla, Trump praised Musk, stating, “You are the best layoff artist. I need someone like you—powerful, courageous, and wise.” Trump has promised that if re-elected, Musk will lead the proposed efficiency committee.
Musk currently oversees Twitter (now X), Tesla, and SpaceX.
Read more: Musk’s latest post publicly supports Trump and Dogecoin, triggering another wave of Dogecoin craze
Over the weekend, the DOGE memecoin reached a high of $0.028, reflecting a remarkable rise of over 33,000% compared to September's lows.
Source: CoinMarketCap
Following the passing of Kabosu, the original Shiba Inu mascot, its owner announced a new family member, Neiro, which has contributed to a monthly surge of over 16% in the NEIRO Ethereum token.
Source: CoinMarketCap
Read more: DOGE Soars 8.10% After Musk's Playful Dig and Surge in Whale Activity
JPMorgan CEO Jamie Dimon, known for his scepticism towards Bitcoin, recently endorsed Musk’s committee idea during an interview at an investor summit in India. He stressed the need for accountability and operational efficiency within the U.S. government, echoing Musk's vision.
Dimon emphasised the importance of scrutinising taxpayer funds, aligning with the committee's goals to audit federal spending and reduce waste. “We need to do this,” he stated, indicating that other nations might also benefit from similar reforms.
The intertwining of cryptocurrency with political narratives raises concerns about speculative bubbles and the integrity of financial systems.
London proposes issuing LONDON tokens, worth £100 each, to residents, funded by a 1% tax on financial sector profits, aiming for financial inclusivity and literacy.
AlexJanet Yellen's visit to China aimed to address China's dominance in the EV market and improve diplomatic relations, but definitive progress remains uncertain.
MiyukiEthereum's Pectra hard fork introduces a groundbreaking social recovery feature, enhancing user security. However, concerns linger regarding the potential risks associated with delegated asset ownership.
WeiliangInvestment fraud victims seek return of $4.3 billion in Bitcoin seized by the UK government, following convictions in a related money laundering case.
AlexRedStone Oracles secures a monumental $500 million deal with Ether.Fi, enhancing its capabilities in the burgeoning AVS landscape.
WeiliangThe court's ruling mandated the hacker to forfeit $12.3 million and provide $5 million in restitution.
CatherineNotcoin's conversion rate for in-game coins to crypto tokens is set at 1,000 to 1 NOT, ensuring fairness for all players. The project also aims to combat bot activity and introduce innovative monetisation strategies, fostering a dynamic gaming ecosystem.
JoyIRS expects a surge in crypto tax crime cases amidst the tax filing deadline. Collaborations with firms like Chainalysis aim to bolster enforcement efforts. Taxpayers are urged to comply with reporting requirements to avoid legal repercussions.
AlexCoinbase files for an interim appeal in its legal battle with the SEC, aiming to challenge the regulator's classification of digital asset transactions as investment contracts. If successful, this move could have significant implications for the U.S. crypto sector.
MiyukiThis group of scammers has been associated with numerous rug pulls, including projects like Magnate, Kokomo, Solfire, and Lendora.
Kikyo