The conflict between Trump and Musk escalates! These billionaires are exchanging public jabs on social media. Here's what's happening ¹:

- *Dispute over the spending bill*: Musk opposes Trump's spending bill, claiming it will reverse the progress made by the Department of Government Efficiency (DOGE) that he heads. The bill aims to stimulate economic growth, but it could add $2.4 trillion to the national deficit.

- *Market impact*: The conflict has led to uncertainty in the market, causing a wave of forced selling due to margin calls. Bitcoin (BTC) fell by 3.1%, and other cryptocurrencies like Ethereum (ETH) and Solana (SOL) also experienced declines.

- *Meme coins*: The public conflict has sparked a meme coin frenzy, with tokens like KILL BIG BEAUTIFUL BILL (KBBB) rising to $53.12 million. Other Musk-themed tokens, such as MUSK DOGE and ELON'S LAST STAND, have also gained momentum.

- *Escalating insults*: Trump threatened to cut government support for Musk's companies, including SpaceX and Tesla, while Musk retorted sarcastically, "Go ahead, make my day." Musk also suggested that Trump has ties to Jeffrey Epstein, claiming that his name might appear in Epstein's unpublished files.