Crypto News

Elon Musk, picked by President Donald Trump to lead the new Department of Government Efficiency, proposed using blockchain technology as part of the operation, Bloomberg reported.Musk suggested that using a digital ledger would be a cost-efficient way to track federal spending, secure data, make payments and manage buildings, according to people familiar with the matter. Several representatives of public blockchains have met with affiliates of DOGE, the people said.The department was created in response to the federal government’s spending of $6.7 trillion in fiscal 2024, which Musk in October called “wasted” money. He promised the department — whose acronym is a nod to Musk’s favorite cryptocurrency, dogecoin (DOGE) — would slash the figure to at most $2 trillion.Given the department’s name...

The decentralized prediction market is one of the main apps featured on Abstract’s portal for the Abstract Global Wallet.Source link

Wall Street Pepe (WEPE) is on everyone’s radar after crossing the $60 million mark in its presale. This Ethereum-based meme project, geared towards providing advanced trading tools for everyday investors, has generated huge interest ahead of its official launch. And with only 20 days left until WEPE’s exchange debut, early investors hope it can liveSource link

Arbitrum’s governance data shows that LobbyFi is now at the top spot among the DAO’s delegates.Source link

The price of Bitcoin dipped below $98,000 after DeepSeek, a Chinese AI startup, threw a wrench into Big Tech's week of key earnings.Source link