With the month of May drawing to a quick close, it looks like the Dogecoin price is about to end its second month in a row in the green. This has come as a welcome surprise in a month where expectations were that the market would continue to go down. However, this means that Dogecoin is about to enter what has historically been the worst month since its inception, with more red closes than green. Why The Dogecoin Price Could Go Down In June The month of June has been known to be very bad for the Dogecoin price, and this has been the case for most of the last 11 years. In more than a decade, the Dogecoin price has only closed out the month of June in the green twice, and this was back when it was still a rather new cryptocurrency. Related Reading: Forget Dogecoin At $1: Price Could Rally To $12 If History Repeats Itself As data from the CryptoRank website shows, the only years that the month of June has ended in the green for Dogecoin have been 2015 and 2016. Before that, June 2014 had closed in the red, with a loss of 21.4%, and after 2016, Dogecoin had racked up losses for the month of June every single year. From 2017 to 2024, Dogecoin has ended the month of June in the red every single time without fail. June 2017 ended in -2.38%, June 2018 ended in 27.2%, June 2019 ended in -4.36%, June 2020 ended in -9.94%, June 2021 ended in -23.9%, June 2022 ended in -23.3%, June 2023 ended in -7.18%, and June 2024 ended in -21.9%. Looking at the pattern here, it shows that even during bullish years, the month of June has not failed to end in losses for Dogecoin. Going by this established trend, it is not far off to expect the Dogecoin price to actually fall in the new month. With an average return of -7.34% over the years, making it the worst month in terms of returns for the meme coin, a decline could be in the works for the cryptocurrency. What To Expect From Here According to the machine learning algorithm at CoinCodex, the month of June may end up deviating from its established pattern. At the start, it does show a possible decline, expecting the price to fall below $0.22. However, as the month progresses, it is expected to turn around. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next The one-month prediction puts the Dogecoin price above $0.26, which is a 17.67% increase from the current price. Toward the end of the month, the machine learning algorithm puts the meme coin as high as $0.28, which is a more than 20% increase. Featured image from Dall.E, chart from TradingView.com
Peter Schiff is many things, but one of the most prominent well-known characteristics is his immense hatred for Bitcoin. Now, the man crypto Twitter loves to hate is at it again, but not in the way you might think. After the Bitcoin 2025 conference, Schiff, who’s spent over a decade calling BTC a bubble made …
Bitcoin’s May rally has been met with selective profit-taking by long-term holders, but the broader trend shows a slowdown in their selling. Between March 1 and May 27, the 7-day SMA of long-term holder spent output profit ratio (SOPR) increased from 2.10 to 2.22, indicating a mild uptick in realized profits. However, the 30-day SMA […]
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At the Bitcoin conference in Las Vegas, Vice President JD Vance made statements that turned heads. From backing Bitcoin to providing surety that crypto will be a priority, Vance received some loudest cheers. Vice President JD Vance Delivers Remarks at Bitcoin 2025 Conference at Las Vegas, NV https://t.co/m2IIVUS1j4— Vice President JD Vance (@VP) May 28, …
After Ethereum lost the ascending support in the last few days of February, the Ethereum price has failed to reclaim the levels. Although the levels rose above the consolidated $2000 area, the price continues to stack below $2800, which has now become the pivotal range to secure. In the meantime, some of the Ethereum-based tokens …
Tariff reversal fuels bond sell-off as U.S.-China tensions escalate across tech and education sectors.
Japanese investment company Metaplanet issued $21 million in zero-interest bonds to Evo Fund, a Cayman Islands-based investment firm, just a day after announcing a separate $50 million raise, further accelerating its Bitcoin accumulation strategy.The 17th series of bonds, issued on May 29, comes with a face value of $525,000 each and will mature on Nov. 28, 2025. Unlike traditional debt instruments, these bonds yield no interest, allowing Metaplanet to borrow without additional repayment costs.Under the terms, Evo Fund is entitled to early redemption by giving at least five business days’ notice. The bonds can be redeemed in full or in part, in multiples of $525,000.Metaplanet may also trigger redemptions tied to future fundraising rounds involving the same investor, depending on cumulative payments.There is no collateral or guarantee attached to the bonds, and no bond administrator has been appointed, as permitted under Japanese corporate law. The company has designated its Tokyo office as the location for payment handling.Related: Metaplanet issues $50M in new debt to buy more BitcoinMetaplanet raised $135.2 million this yearMetaplanet has consistently tapped the debt market to fund Bitcoin (BTC) purchases, raising $25.9 million in February, $13.3 million in March and $25 million earlier in May.The company’s stated goal is to hold 10,000 BTC by the end of 2025. With this week’s back-to-back fundraising, total capital raised this year has reached $135.2 million.Source: MetaplanetMetaplanet holds about 7,800 BTC, according to BitcoinTreasuries.NET, placing it at number 11 among the largest corporate Bitcoin holders. With holdings now valued at about $840 million, the company’s average purchase price is $91,340 per Bitcoin.In March, the firm added 696 BTC through a combination of exercised cash-secured put options and premiums earned from selling those contracts. It was followed by another purchase of 145 BTC for $13.6 million just before the end of April.Related: Metaplanet’s Bitcoin ‘premium’ nears $600K per BTCMetaplanet announces US subsidiaryOn May 1, Metaplanet announced plans to launch a wholly owned US subsidiary, Metaplanet Treasury, based in Florida. The entity plans to raise up to $250 million to further its Bitcoin strategy and tap US capital markets.The company has also attracted notable figures. Eric Trump, son of former US President Donald Trump, joined the company’s Strategic Advisory Board in March.Notably, the corporate Bitcoin accumulation strategy is gaining momentum. On May 28, GameStop, the US video game and consumer electronics retailer, confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin.Magazine: Move to Portugal to become a crypto digital nomad — Everybody else is
A US federal court has delivered a sweeping rebuke to President Donald Trump’s signature trade policy, ruling that his administration’s imposition of tariffs under the guise of a national emergency exceeded constitutional authority. The landmark decision from the US Court of International Trade immediately throws Trump’s tariff regime into legal limbo and global trade negotiations […]
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The latest memecoin hype around Russian influencer Hasbulla’s new token BULLA is turning sour as serious concerns have been raised by well-known crypto voices. The coin, which raised around 20 million dollars, is now being accused of scamming early investors, with critics warning that history may be repeating itself. Hasbulla raised $20M for a memecoin …
Russia’s central bank is slowly opening up to crypto-related products, but only in a very controlled way. The move comes at a time when several countries, including the U.S., European Union, Japan, and the UK, have placed strict sanctions on Russia, many of them targeting digital assets and crypto usage. So, what exactly does this …
Large holders are shifting from accumulation to distribution as market is in rangebound levels.
Amid the market’s momentary pause, Bitcoin (BTC) has seen a 2% price drop in the past 24 hours. The largest cryptocurrency by market capitalization has been hovering between key resistance and support levels, with some analysts suggesting that volatility could be in BTC’s short-term future. Related Reading: Ethereum Ready For $3,000 Breakout? Analysts Say Sideways Action Is About To End Bitcoin Price Consolidates Near ATH On Wednesday, Bitcoin, alongside the rest of the crypto market, saw a small retrace ahead of the Federal Open Market Committee (FOMC) release of the May 6 and 7 Meeting Minutes. The flagship cryptocurrency dropped 2.7% from the $110,000 Daily Opening to a multi-day low of $107,107, suggesting a cautious approach from investors. Notably, Bitcoin has seen a significant 15% rally over the past month, hitting a new all-time high (ATH) of $111,953 nearly a week ago, and recovering around 50% from April lows. Since reaching its new ATH, Bitcoin has moved sideways, trading between the $106,800-$109,700 levels. Despite the small retracement, analyst Crypto Jelle considers that Bitcoin’s trend into price discovery remains “intact,” pointing out that price has been consolidating above the previous highs. Per the chart, the cryptocurrency is currently forming a symmetrical triangle pattern in the lower timeframes, with the upper boundary sitting between the $109,00-$110,000 mark. To Jelle, the cryptocurrency is “building pressure for the next leg higher,” with a breakout propelling the cryptocurrency to another 30% rally. The analyst previously highlighted a Power of 3 (Po3) formation in BTC’s chart, suggesting that its price expansion targets the $140,000-$150,000 level after reclaiming the new ATH resistance. Ali Martinez stated that BTC remains “range-bound” despite today’s price drop, but added that the range’s low is the key level to watch. He warned that a breakdown below the $106,800 support could trigger increased volatility, which might send BTC’s price to lower levels. BTC Retest To Trigger Volatility? Titan of Crypto also affirmed that Bitcoin currently sits at a key level. According to the market watcher’s analysis, BTC is “still hovering around the daily Tenkan,” which is the level to watch during the potential volatility from the FOMC Minutes. A breakdown from this support zone could send the cryptocurrency’s price to the next key support at around the $102,700 mark. On the contrary, holding the current levels could set the stage for a new retest of the range’s upper boundary. Meanwhile, Daan Crypto Trades noted that as Bitcoin consolidates near ATHs, BTC-based exchange-traded funds (ETFs) have seen significant inflows over the past few weeks, recording their second-best performance last week. As he explained, one of the cycle’s better “indicators” to determine strength or weakness at local tops or bottoms has been the ETF flows, detailing that, generally, big inflows after a big run, while BTC’s price doesn’t continue its rally, have suggested a local top. Related Reading: Bitcoin (BTC) To Continue Price Discovery Rally If It Holds These Levels – Analyst To the trader, “it is important for the bulls to get that move going quickly because getting billions of inflows without proper price progress isn’t generally the best,” adding that “for the effort that’s put in and an ATH break, you’d want to see more.” Daan considers that if the massive inflows stop and BTC’s price holds, then its short-term performance will likely continue. However, if price doesn’t hold its current range, “we might need to see a bit of a flush & panic first before the proper breakout move.” As of this writing, Bitcoin trades at $107,700, a 1.6% decrease in the weekly chart. Featured Image from Unsplash.com, Chart from TradingView.com
The Bitcoin 2025 Conference in Las Vegas has just concluded. The event witnessed numerous spectacular speeches, as several prominent figures, including JD Vance (the US Vice President), Michael Saylor (the Executive Chairman of MicroStrategy), Vlad Tenev (the Chairman and CEO of Robinhood), Adam Back (the CEO of Blockstream), and Paolo Ardoino (the CEO of Tether) …
VivoPower International announced on May 28 that it had agreed with investors for a $121 million private capital raise to fund the company’s transition into an XRP-focused treasury platform. The company focuses on electric batteries, vehicles, and solar power solutions. Its subsidiary, Tembo, produces electric vehicles focused on “ruggedised electric mobility” for the mining and […]
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Futures registered a trading volume of $86.6 million in the first six trading days.
Crypto lobby group the DeFi Education Fund and the Uniswap Foundation have said the Securities and Exchange Commission should be hands-off on regulating decentralized autonomous organizations (DAOs).The May 27 letter to SEC Crypto Task Force lead Hester Peirce argued that the agency should not treat DAOs under the purview of the securities-defining Howey test if they’re “sufficiently decentralized,” as they are not identifiable and are not a coordinated group.Instead, the pair said DAOs should be treated as individuals or a group of persons unless proved otherwise. “If a DAO has a dispersed collection of tokenholders who have the opportunity to actively participate in and govern the DAO and the network, it is sufficiently decentralized such that neither the network token for that DAO, nor transactions in which that network token are the object, should be considered a security.” the letter read.The letter was issued in response to Peirce’s Feb. 21 statement, which invited comments on crypto.Favorable regulatory environmentThe SEC has flipped on its crypto enforcement actions under the Trump administration, which successfully installed the former crypto lobbyist Paul Atkins to lead the agency.Atkins has stated that blockchain technology could usher in new forms of market activity.Related: Crypto vulnerable if CFTC not given authority, says ex-chair BehnamThe following week, Atkins said that the regulator would not stifle innovation and lambasted the Biden administration’s approach to crypto.In a May 20 SEC oversight hearing, Atkins confirmed that the Crypto Task Force’s first report will be released in the next few months, the group is also holding a series of crypto-related roundtable discussions with industry players.Magazine: Move to Portugal to become a crypto digital nomad — Everybody else is
Since Trump’s election, XRP has been on an impressive run, surging 350%, outperforming the rest of the market. Bitcoin has gained around 60%, reaching new highs around $111K. Although it briefly bounced back below $80K during the tariff tensions, it has now climbed back above important resistance levels. Other altcoins like Ethereum and Solana have …
New York City Mayor Eric Adams says he will ensure a Bitcoin bond is launched in the city and renewed his call to axe New York’s BitLicense program.Speaking at the Bitcoin 2025 conference, Adams pledged to advocate for and support the creation of municipal bonds backed by Bitcoin (BTC).“We have financial instruments for all other bonds. You can have tax-exempt bonds and other bonds. It is time for the first time in the history of this city to have a financial instrument that is made for those who are holders of Bitcoin,” he said.“I believe we need to have a Bitbond, and I am going to push and fight to get a Bitbond in New York so you can do those same bond investments in New York City.”New York City Mayor Eric Adams wants a Bitcoin bond and to axe the State BitLicense program. BitSource: YouTubeAdams didn’t share details about how a Bitbond would work; however, a March 31 policy brief paper from advocacy group the Bitcoin Policy Institute proposed a model where holders receive an annual interest rate of 1% for 10 years.When the bond matures, holders also receive a percentage of any Bitcoin market gains. At the same time, 90% of the funds raised through the bonds are allocated to government spending, while 10% is used to purchase Bitcoin, according to the Bitcoin Policy Institute’s bond policy brief.Adams again pushes to axe BitLicenseAdams also called for repealing New York’s BitLicense program, which the state launched in 2015 and requires crypto businesses to apply for a license with the New York Department of Financial Services and meet strict compliance standards.The BitLicense program has received criticism from the industry, and Adams has also said the measure is too costly with high licensing fees, and is too stringent with its Anti-Money Laundering and Know Your Customer measures. “You have a mayor who is the crypto mayor, is the Bitcoin mayor, and I want you back in the city of New York, where you won’t be attacked and criminalized,” he said.“Let’s get rid of the Bitcoin license and allow us to have the free flow of Bitcoin in our city.”Related: NYC Mayor doubles down on crypto push ahead of city summitUSDC stablecoin issuer Circle was one of the first crypto companies to receive a BitLicense; others have since followed, including crypto exchange Coinbase and trading firm Bakkt.Adams has been actively pushing to attract crypto firms to New York City. As part of his most recent effort, Adams told the inaugural New York City Crypto Summit on May 20 that he was creating a digital advisory council to attract jobs and investments.Meanwhile, on May 12, Adams announced financial services company Figure and private equity firms Traction and Scale would be assisting the city in its crypto efforts.Magazine: Crypto City: Guide to New York
At the Bitcoin 2025 conference in Las Vegas, Senator JD Vance sparked fresh debate by claiming that Bitcoin had generated significant wealth. However, economist and long-time Bitcoin critic Peter Schiff swiftly challenged these claims, arguing that no real wealth was created at all. No Real Wealth Created, Says Schiff Schiff on X highlighted his strong …
Bitcoin is poised to rally toward $120,000 after a US federal court blocked the majority of President Donald Trump’s tariffs, a crypto analyst says.“The trade court decision was an epic mic drop, and it’s going to intensify momentum behind Bitcoin,” Swyftx lead analyst Pav Hundal told Cointelegraph. The US Court of International Trade reportedly blocked Trump from imposing his tariffs on May 28, arguing that he overstepped his authority.Court “blows a hole in trade talks”Hundal said the decision would have a domino effect on Bitcoin’s price and believes “new all-time highs are imminent, and the momentum is largely irreversible at this stage.”Bitcoin’s (BTC) current all-time high of $111,970 was reached on May 22, but it has since fallen to trade around $107,750, according to CoinMarketCap data.Bitcoin is down 3.36% over the past seven days. Source: CoinMarketCapThe Trump administration has reportedly filed an appeal to the court’s decision and Hundal said that regardless of whether it presents a new justification for the tariffs, the market sentiment has already changed.“It blows a hole in trade talks either way, and that means we’re likely to witness a significant repositioning in the market.”On April 2, Trump signed an executive order and claimed emergency powers, levying so-called “reciprocal tariffs” on every country starting at 10%.Trump’s initial tariffs on Canada, Mexico, and China, introduced in early February, were widely seen as the primary catalyst behind Bitcoin falling below $100,000 and staying under the psychological level until May 8, as broader macroeconomic uncertainty intensified.“The trade war likely delayed a meaningful greed, really — but it didn’t bury it. The trend is higher,” Hundal said. BitMEX co-founder Arthur Hayes said, “Buy everything round dos.”Traders ponder “green candles” tomorrowCrypto analyst Bitcoin Ranchy said, “So Trump tariffs are illegal? Does that mean we get green candles all around tomorrow?”Hundal said “a wall of money” is coming into Bitcoin through corporations, spot Bitcoin ETFs and retail. The trading week ending May 23 saw US-based spot Bitcoin exchange-traded funds (ETFs) record a total of $2.75 billion in inflows.Related: Bitcoin analyst says BTC price peak in $220K to $330K range still possible“The court order has just accelerated that rotation into risk assets across the US and Asia,” Hundal said.He added all data signals “a solid floor for demand on spot Bitcoin and a very solid consensus for $120K in the option markets.”Geoff Kendrick, global head of digital assets at Standard Chartered, recently said in an email note seen by Cointelegraph that Bitcoin is expected to hit $120,000 in the first half of 2025 en route to $200,000 by year-end, fueled by the rise of stablecoins.Magazine: Move to Portugal to become a crypto digital nomad — Everybody else isThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Ethereum (ETH), the world’s second-largest cryptocurrency, has experienced considerable price fluctuations recently, trading at approximately $2,633 at the time of writing. The asset registered a mild decline of 1.2% over the past 24 hours, retreating slightly after surpassing the $2,700 mark last week. Despite this short-term retracement, Ethereum has notably appreciated by around 50% within the past month, demonstrating strong price strength and significant market interest. The recent price action has attracted attention from prominent cryptocurrency analysts, particularly from CryptoQuant contributors, who have closely monitored Ethereum’s technical indicators and market behaviors. These analysts have provided insights that suggest potential further movement for ETH, pointing towards critical levels and market metrics that investors might want to observe closely. Related Reading: Ethereum May Be One Dip Away From Mass Losses—Data Warns Ethereum’s Bullish Technical Indicators and Potential Breakout CryptoQuant analyst Ibrahim Cosar recently published a technical analysis outlining a bullish scenario for ETH. According to Cosar, Ethereum has formed a pattern known as a “bull flag,” suggesting a possible upcoming breakout. A bull flag is a chart formation frequently interpreted by traders as indicative of continuing upward momentum after a period of consolidation. Ethereum’s price has oscillated within a defined range between $2,400 and $2,700 for nearly three weeks, creating favorable conditions for such a breakout. Cosar also highlighted Ethereum’s sustained position above the 200-day Exponential Moving Average (EMA), a commonly monitored technical indicator. Historically, remaining consistently above this indicator has signified positive market sentiment and preceded significant price rallies. Given Ethereum’s current position relative to this EMA, Cosar suggested a potential upward move toward a price range between $3,000 and $3,500 could soon materialize. Market-Wide Implications and Retail Activity Another CryptoQuant analyst known as “elcryptotavo” offered a complementary perspective, identifying signals that typically indicate market peaks. Specifically, the analyst mentioned Ethereum’s Open Interest (OI), noting that a notable market signal occurs when Ethereum’s OI surpasses Bitcoin’s, a scenario historically correlated with market tops. Currently, ETH has yet to reach this critical threshold, suggesting, according to this analyst, potential room for further upside before significant corrections could occur. Related Reading: Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally Elcryptotavo also provided observations regarding retail trading behaviors. Typically, retail trading activity surges dramatically near market tops, reflecting broad market participation. However, current data on retail trading volumes remain comparatively subdued. This observation implies that institutional investors or large market players are predominantly driving Ethereum’s current rally. A significant increase in retail participation, should it occur, could further sustain and accelerate Ethereum’s upward momentum, a phenomenon previously seen during the 2020–2021 bull cycle. Featured image created with DALL-E, Chart from TradingView
Uniswap has marked its position firm at the center of DeFi innovation, and has attracted investors with its monetary achievements. Talking about which, in a recent Uniswap News, the team reported a strong $140 million in revenue and declared $95 million in asset valuation, alongside a notable $12.4 million allocated for grants. Successively, the UNI …
One firm filed to raise $1 billion to expand its SOL holdings while another became the first public company to adopt liquid staking tokens built on the network.
Ethereum’s price action has been slow and sideways recently, with analysts waiting for a confirmed breakout. Let’s take a closer look at what’s happening on the charts. Ethereum Faces Strong Resistance Around $2,700 – $2,800 On the daily time frame, Ethereum is struggling to break above a strong resistance area between $2,700 and $2,800. Every …
Bitcoin markets could be in for another prolonged period of consolidation if there isn’t more buying pressure this week, says analyst Willy Woo. The strength of Bitcoin’s (BTC) run from $75,000 on April 7 to its all-time high just below $112,000 on May 22 “is starting to break down,” Woo wrote to X on May 28. “This week is absolutely critical,” he said. “If we do not get follow-through, then we will be up for another consolidation period.” Woo said that in the short term, “late comer speculators” are taking long positions while potential profit taking “is ready to dump” as seen in the Bitcoin Spent Output Profit Ratio (SOPR), which is a measure of the price paid divided by the price sold. “This week’s spot buying will strongly influence the next 1-2 months of price action. We are in a pivot zone.” Bitcoin short-term models. Source: Willy Woo On the positive side, he said the risk signal is trending downward, explaining that “buy-side liquidity is dominating” in the broader environment. “We are setting up for another solid run on the long time frame,” he said. Related: Bitcoin price will reach $130K or even $1.5M, top bulls sayThis week’s rebound in US consumer sentiment may help boost market risk appetite in the short term, Bitunix analysts said in a note shared with Cointelegraph.“We need to be alert to the technical pressure zone and the risk of a potential pullback,” they said, adding Bitcoin’s short-term pressure is around $110,800, where most of the past rebounds have stopped, and which is the core of the war between the bulls and the bears. “Support at $108,000 is the main long defense zone over the past two days. If it breaks down, it may trigger profit-taking pressure and turn into a short bias structure.”Big Bitcoin price predictionsMeanwhile, President Donald Trump’s eldest sons, Donald Jr. and Eric, both think Bitcoin could clear $170,000 by the end of 2026, according to their predictions on stage May 28 at the Bitcoin 2025 conference in Las Vegas. Bitcoin pioneer Adam Back had an even bolder prediction that BTC was going to $1 million in 5 years. Bitcoin was trading at $107,785 on Coinbase at the time of writing, according to Tradingview. It has slid 1.2% over the past 24 hours and failed to gain more momentum above $108,000 in early trading on May 29. Magazine: Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest
Crypto traders say the market is in a “Goldilocks zone,” with recent macro shifts — like softer yields and corporate crypto treasuries — yet to fully ripple through asset prices.
TON pulled back on Thursday after Elon Musk poured cold water on a deal to bring Grok AI to Telegram, which was announced by Pavel Durov.
Elon Musk confirmed that he’s quitting as the White House’s government cost-cutting czar after admitting it was an “uphill battle” trying to slash federal jobs and programs.Musk’s status as a Special Government Employee leading the Department of Government Efficiency (DOGE) meant that by law, he could only serve for a maximum of 130 days, which was set to finish on May 30.Musk confirmed his exit in a May 29 X post, thanking President Donald Trump “for the opportunity to reduce wasteful spending.” Reuters reported that a White House official said his “off-boarding will begin tonight.”Musk told The Washington Post for a May 27 report that the “federal bureaucracy situation is much worse” than he expected, and it was “an uphill battle trying to improve things in DC, to say the least.”In separate comments to CBS, Musk criticized the multi-trillion-dollar tax break package that House Republicans approved on May 22, claiming it would increase the budget deficit and undermine the work that DOGE is doing.DOGE, which is named after the cryptocurrency, claims to have saved taxpayers $175 billion since Trump’s Jan. 20 return to the White House, a figure heavily disputed by multiple news outlets, which report the figures are overstated, have multiple errors and are inaccurate.The project’s claimed savings are only 8.5% of Musk’s initial ambition to cut $2 trillion from the federal budget, which he later revised down to $150 billion.According to the Reuters report, DOGE has cut almost 12%, or 260,000, of the 2.3 million federal workforce through layoffs, buyouts and early retirement offers.Despite the criticisms, Musk said on X that DOGE’s mission will “only strengthen over time as it becomes a way of life throughout the government.”Source: Elon MuskIt comes as a federal judge allowed a lawsuit to proceed that accuses Musk and DOGE of illegally exerting power over government operations.The lawsuit, filed by 14 states, alleged that Musk and DOGE violated the Constitution by illegally accessing government data systems, terminating federal employees and canceling contracts at federal agencies.Musk admits he spent too much time in politicsIn a May 28 interview with Ars Technica, Musk, the CEO of EV maker Tesla, admitted that he spent “a bit too much time” in politics, which some critics claim has impacted Tesla’s performance.“I think I probably did spend a bit too much time on politics,” Musk said. However, he added that the time he spent on DOGE wasn’t as significant as many believed, and he blamed media coverage for overrepresenting his involvement.“It’s not like I left the companies. It was just relative time allocation that probably was a little too high on the government side, and I’ve reduced that significantly in recent weeks.”When Musk announced in Tesla’s first quarter report that his time spent on DOGE would drop significantly in May, Tesla (TSLA) shares rose over 5% in after-hours trading, despite the company reporting an 80% drop in net income.As of March 31, Tesla still held 11,509 Bitcoin (BTC), currently valued at about $1.24 billion.Related: Musk confirms X Money beta testing ahead of planned 2025 launchTesla shares are still down 5.9% year to date, in part due to Musk diverting his attention away from the company and Tesla’s sales falling considerably in the first quarter.However, the fall is in line with other Big Tech firms, including Apple (AAPL), Nvidia (NVDA), Amazon (AMZN) and Google (GOOG), which are also in the red in 2025.Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
As the top token maintains a consolidated trend, popular altcoins like Uniswap have broken out of the range. The price has remained elevated since the start of the month, and hence the bulls have triggered a small parabolic recovery, aiming to reclaim the 2-digit figure in the next few hours. Despite the sluggish weekend, the …
Bitcoin options worth over $10 billion are set to expire on Friday at 08:00 UTC on Deribit.