According to @elonmusk, the conclusion of his tenure at @DOGE marks a new beginning for the cryptocurrency. Musk's involvement reportedly contributed to cutting an estimated $175 billion in waste, fraud, and abuse in federal spending, as cited by Fox News on June 1, 2025. Traders are closely watching how this high-profile efficiency push and Musk's ongoing influence could impact DOGE's price action and trading volumes. The announcement has already sparked renewed interest in DOGE among investors, with many expecting increased liquidity and volatility in the short term. The news is driving conversation around DOGE's potential role in mainstream adoption and its correlation with broader crypto market sentiment (Source: Fox News via Twitter).

According to @DOGE and shared by @WhiteHouse on Twitter, US government agencies have terminated 226 contracts deemed wasteful, with a combined ceiling value of $1.03 billion and estimated savings of $555 million over the last two days. Major terminations include a $5.4 million IRS consulting contract and a $20,000 NSF management development contract. These contract cuts could signal tighter federal spending, potentially impacting companies reliant on government contracts and influencing market sentiment towards public sector investments. Source: @DOGE, April 25, 2025.