Senin, 02 Juni 2025

Musk leaves DOGE, Vance at Bitcoin 2025


Elon Musk exits his government role, while JD Vance champions crypto at Bitcoin 2025.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

Musk leaves DOGE, Vance at Bitcoin 2025, & More

May 25 - 31

#1

Elon Musk leaves DOGE as job was 'uphill battle'

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."

Get the full story

#2

JD Vance urges Bitcoin community to embrace politics

United States Vice President JD Vance took the stage to deliver a keynote address at the Bitcoin 2025 conference in Las Vegas, Nevada, encouraging Bitcoiners to deepen their involvement in politics.

Vance highlighted the strategic and geopolitical importance of Bitcoin, emphasizing that the US should maintain leadership in the crypto industry to remain competitive in the age of digital finance. Vance told the audience:

"What happens in the world of politics, what happens in the world of bureaucracy, will affect even the most transformational and valuable technologies if we do not make the right decisions. The first thing that I would ask you, is to take the momentum of your political involvement in 2024 and carry it forward to 2026 and beyond."

#3

NYC cops linked to crypto torture case put on modified duties: Report

The New York Police Department has reportedly placed two officers on modified duties after the pair was accused of being linked to a local townhouse where a crypto trader was allegedly kidnapped and tortured before escaping.

NYPD detective Roberto Cordero, who serves on New York City Mayor Eric Adams' security detail, is said to have picked up the alleged victim, Michael Valentino Teofrasto Carturan, from the airport and driven him to the townhouse, The New York Times reported on May 29, citing two city officials with knowledge of the matter.

The Times reported that Cordero and NYPD detective Raymond J. Low, who investigates narcotics cases in Manhattan, also provided security at the Soho townhouse where Carturan claimed he escaped from.

Prediction of the Week

Bitcoin can reach $200K in 2025 after 'obvious' price breakout signal

Bitcoin is prepared for its "next major leg up" as a long-term indicator triggers for the first time since mid-2024.

Analysis uploaded to X by trading account Stockmoney Lizards on May 28 described an "obvious" BTC price breakout signal.

Bitcoin is ready to repeat its run to a cycle top, like in 2016 and 2020, Stockmoney Lizards reported.

The Optimized Trend Tracker (OTT) tool, which offers price trend insights using moving averages and average true range data, is primed for Bitcoin's next blow-off top.

"The pattern is so obvious it hurts," the X post claimed, calling OTT the "cleanest trend indicator you can use for macro moves."

FUD of the week

Thailand to block Bybit, OKX and other crypto exchanges on June 28

The Thai Securities and Exchange Commission (SEC) will block five cryptocurrency exchanges, including Bybit and OKX, from operating in the country.

According to a May 29 announcement, Bybit, 1000X, CoinEx, OKX and XT.COM will be blocked in the country on June 28. The SEC said the measure aims "to protect investors and crack down on illegal platforms used for money laundering."

"The SEC advises all investors using these platforms to take necessary action regarding their assets before the shutdown date," the agency said.

FUD of the week

US sanctions Philippines tech firm accused of aiding crypto scams

The US Treasury has sanctioned a Philippines-based technology firm and its alleged administrator, accusing it of providing services to thousands of crypto scam websites.

Funnull Technology is linked to most crypto scam websites reported to the FBI, with victims' losses surpassing $200 million, the Treasury's Office of Foreign Assets Control (OFAC) said on May 29.

Funnull purchases IP addresses in bulk from cloud service providers and sells them to scammers, allowing them to host and operate clones of legitimate investment platforms, to deceive victims and steal their crypto, according to OFAC.