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The Daily: Trump says 'DOGE' to be led by Musk and Ramaswamy as Dogecoin soars, Bitwise CIO makes the case for $500K bitcoin and more

President-elect Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead his new Department of Government Efficiency (DOGE). In a note to clients late Tuesday, Bitwise CIO Matt Hougan made the case for a $500,000 bitcoin price before the cryptocurrency’s early stage comes to an end and the asset “matures.” Zero Gravity Labs (0G Labs or 0GL), a crypto-AI startup developing infrastructure for a decentralized AI operating system, has secured $290 million in funding, including a $40 million seed round and a $250 million token purchase commitment. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 13/11/2024 - 18:52 PM

Pete Hegseth, who said Trump is 'making bitcoin great again,' nominated for Secretary of Defense

Pete Hegseth, Bitcoin supporter and army veteran, nominated for Secretary of Defense by Trump, faces criticism from Senator Warren despite his military credentials.

theblock.co • 13/11/2024 - 13:59 PM

Trump confirms ‘DOGE’ efficiency dept. will be led by Musk and Ramaswamy as Dogecoin’s market cap swells

Trump appoints Musk and Ramaswamy to lead the Department of Government Efficiency, aiming to reduce bureaucracy, with a notable rise in Dogecoin's value.

theblock.co • 13/11/2024 - 01:14 AM

The Daily: Justin Drake proposes Ethereum consensus layer redesign, German government misses out on $1.6B by selling bitcoin early and more

Justin Drake proposes Ethereum upgrade, Germany loses $1.6B on Bitcoin sales, Lisk mainnet launch, Coinbase's COIN50 index, and Dogecoin price surge due to Musk's influence.

theblock.co • 12/11/2024 - 20:31 PM

Dogecoin's market cap crosses $63 billion after 51% price surge

Dogecoin surged 51% to $0.43 amid support from Elon Musk and ties to Trump's campaign, raising market cap to $63.5 billion, its highest since 2021.

theblock.co • 12/11/2024 - 09:22 AM

What's next for the crypto industry following Donald Trump's election victory?

With Donald Trump securing victory in the U.S. presidential election and the prospect of a Republican-controlled House and Senate, speculation has begun on what’s next for the crypto industry ahead of his Jan. 20 inauguration. The crypto community wants to see Trump’s campaign promises — including appointing a crypto-friendly SEC Chair, commuting the sentence of Ross Ulbricht, and creating a national strategic bitcoin reserve — fulfilled.

theblock.co • 07/11/2024 - 12:10 PM

The Daily: Pro-crypto Donald Trump wins US election, bitcoin hits new all-time high above $75,000 and more

Donald Trump wins the U.S. presidential election, bitcoin reaches $75,000, DeFi tokens surge, and analysts foresee a more favorable regulatory environment for crypto.

theblock.co • 06/11/2024 - 18:25 PM

'Greatest comeback story of all time': crypto community reacts as Trump wins US election

Reaction from the crypto community to Donald Trump’s win in the U.S. presidential election was largely positive. However, those within the industry are eager for him to fulfill promises made during the campaign, including freeing Ross Ulbricht and firing SEC Chair Gary Gensler.

theblock.co • 06/11/2024 - 13:36 PM

Rising odds of Republican election sweep could pave way for crypto bills, analysts say

Rising Polymarket odds of a Republican sweep in next week’s U.S. elections could pave the way for passing a series of crypto-related bills, analysts at Presto said. However, others have questioned the reliability of prediction market platforms, given their divergence compared to traditional polling.

theblock.co • 29/10/2024 - 15:06 PM

The Daily: Nigeria drops charges against Binance exec, Buterin hits back against Saylor's comments on regulated bitcoin custody and more

Nigeria drops charges against Binance exec Gambaryan; Buterin critiques Saylor; Bernstein predicts $200K bitcoin price by 2025; Variational raises $10.3M; Tesla retains 11,509 BTC.

theblock.co • 23/10/2024 - 17:33 PM

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