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Let Loose The DOGE’s Of War
Or is it D.O.G.E.? Both are making a metric crap ton of noise today
OVERVIEW
Let Loose The DOGE’s Of War 🐩
Source: Elon Musk’s X
Before we dive in, here’s today’s crypto market heatmap:
And here’s a look at crypto’s total and altcoin market cap YTD:
Source: TradingView
Big News
Trump Unleashes the D.O.G.E Department, and Musk Is Running the Show 🐶
Trump’s Department of Government Efficiency (DOGE) is now an official branch of government—with none other than Elon Musk and fellow entrepreneurial renegade Vivek Ramaswamy at the helm. 🪖
And Dogecoin fans? They’re having a field day. Why? Well, one reason is the irony of both DOGE and D.O.G.E. 🤦
Like Dogecoin, D.O.G.E. started as a joke but has morphed into a real thing. And here’s the kicker—Dogecoin itself has surged 160% since the announcement, sending it soaring to the moon and taking its market cap above the likes of Ford, Autozone, Delta Airlines, and Adidas.
D.O.G.E Department’s First Order of Business
D.O.G.E. Department has one goal: cut the fat, burn the red tape, and make government leaner.
Exactly how it will happen and when it will happen no one knows - Musk did say it will all be transparent. And how will it affect the economy and everything else government $$$ touches? We don’t know that either.
Expect this stuff to get even more amazing/terrifying/awesome/stupid/crazy/insane as the next few months trudge along. 🙃
New In Three Sentences
Crypto News 📰
🏹 Robinhood Adding Some Big Names To Their Crypto Offerings
Robinhood just announced that they’re adding Solana, PePe, Cardano, and XRP to their platform. The addition of SOL, PEPE, ADA, and XRP was based on customer demand, but they also had to pass internal testing and scrutiny before being listed. Robinhood news.
📉 Weak Hands Wipe Out $1 Billion from $FET
Apparently, $FET holders saw "merger" and thought "mass exodus," dumping tokens left and right after the ASI Alliance floated a plan for PAAL to merge with the Artificial Superintelligence Alliance (ASI). The math? Adding PAAL would bring in $200 million (in very much vested tokens) — not exactly the apocalypse. Voting's open from November 18–23. ASI’s X.
🔓 MeWe + Avalanche = Privacy-First Social Media Done Right (hopefully)
MeWe’s fed up with Web2-style social media and decided it’s time for something better. They’re teaming up with Avalanche to put 20 million users on-chain, where they can own their data, control their profiles, and even earn rewards without selling their privacy to the highest bidder. Oh, and no more algorithm manipulation or invasive ads. Avalanche blog.
Big News
FBI Raids Polymarket CEO 😱
From the NYPost, the FBI stormed into Polymarket CEO Shayne Coplan’s Soho home at dawn, seizing his phone and electronics. 👮♂️
Just one week after Polymarket’s prediction market called a Trump win—right when traditional polls were falling flat—the Feds decided it was time to wake up a 26-year-old at 6 a.m. and demand his devices.
No charges, no reason given, just a theatrical raid for everyone to see.
Raids and Retribution
A source close to Coplan said instead of going through his lawyer, the FBI opted for an early-morning show of force that’s raising more than a few eyebrows.
The suspicion here? Retaliation.
The timing and tactics are hardly subtle, and the raid reeks of a message meant to intimidate. Coplan wasn’t even arrested, but the spectacle was clearly the point. 🤦
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