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As reported by Odaili, the US Government Efficiency Department (DOGE) announced on Friday in a post on X that it has canceled existing or soon-to-be-signed government contracts totaling approximately $420 million within 80 hours, along with two lease agreements. BusinessInsider calculations show that this equals approximately $126 million in contracts canceled daily. If the department continues at this pace from January 20, 2025, to July 4, 2026, for 530 days, it could potentially cancel contracts totaling approximately $67 billion annually. This would account for roughly 3% of Elon Musk's initial goal of reducing the federal budget by $2 trillion or 7% of his revised goal of $1 trillion. Currently, DOGE is primarily focused on contracts related to diversity, equity, and inclusion (DEI) and unused buildings. However, it cannot directly alter the federal budget without congressional approval. The temporary daemon DOGE is set to cease operations on July 4, 2026. #DOGE# #MXNA# #BGB# #TRUMP#

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Bitcoin's New High and Trump's Crypto Influence: Weekly Highlights in the Crypto Market This week saw significant events shaping the cryptocurrency landscape, from Bitcoin's record-breaking rally to political and institutional developments. Here's a summary of the key happenings: --- Bitcoin Sets a New Record After briefly falling below $100,000, Bitcoin surged to a historic high of $109,000—its first time crossing this threshold. --- Trump’s Crypto Tokens Soar Tokens issued by Donald Trump's team, in honor of his presidency and spouse, achieved a market capitalization in the billions within 24 hours of trading. Trump's pre-election campaign and inauguration were heavily backed by cryptocurrency companies. Official Meme Coin Launch: Three days before his inauguration, the Trump team released an "official" meme coin, which skyrocketed in value. Tuesday Highlight: The meme coin's symbol appeared on the Department of State Administration Efficiency (DOGE) website, now led by Elon Musk. --- Corporate Bitcoin Accumulation The reserves of a company pursuing a Bitcoin accumulation strategy are now estimated at $47.6 billion. --- Silk Road Creator's Case Ross Ulbricht, the creator of the Silk Road marketplace, has served over 10 years of his double life sentence. There are allegations that undiscovered bitcoins linked to Ulbricht were not confiscated by authorities. --- Wednesday: Regulatory Progress Crypto-Friendly Environment: Regulators are working to create a secure and investor-friendly crypto space. Crypto in Messenger Apps: Cryptocurrency-related mini-apps will operate exclusively within The Open Network blockchain. --- Thursday: Energy and Meme Coins Crypto Mining and Energy Utilization: Authorities propose leveraging unused regional energy capacities to support crypto mining infrastructure. Meme Coin ETFs: Exchange-traded funds based on meme cryptocurrencies may be approved faster than those for Ripple (XRP) or Solana (SOL). Kidnapping for Crypto Ransom: Criminals abducted David Baland, demanding a ransom in cryptocurrency. --- Friday: Taxation and Policy Tax on Unrealized Gains: Companies may face taxes on unrealized crypto profits, even without selling their holdings. Strengthening U.S. Leadership: A new policy document aims to cement the United States' dominance in digital finance. Suspension of Withdrawals: A decentralized project team temporarily halted some Bitcoin and Ethereum withdrawals due to operational challenges. #Gate.io Reserves Surpass $10 Billion#

Elon Musk Criticizes Sam Altman Over @OpenAI Profit and Anti-Trump Funding💸 To Know More👇