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Aamir Fraz
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# Can the
DOGEcoin
face hard time from now on???
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Aamir Fraz
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Background of the Feud The conflict began after Musk criticized Trump's "One Big Beautiful Bill Act," a major legislative initiative aimed at tax cuts and immigration reform. Musk labeled the bill a "disgusting abomination" that would exacerbate the national debt, undermining the cost-cutting efforts he led during his tenure at the Department of Government Efficiency (DOGE). In response, Trump accused Musk of mental instability and revoked federal subsidies for Musk's companies, including Tesla and SpaceX (en.wikipedia.org, lemonde.fr, nypost.com) Escalation and Public Exchanges The dispute intensified on social media platforms, with Musk calling for Trump's impeachment and promoting allegations linking Trump to the Epstein case. Trump retaliated by threatening to cancel all government contracts with Musk's companies and suggested he might ban Musk's social media platform, X, citing national security concerns (washingtonpost.com, theguardian.com) Political Implications Musk has hinted at forming a new political entity, the "America Party," following a Twitter poll where 80% of 5.6 million respondents supported the idea. This move could significantly impact the political landscape, especially considering Musk's previous substantial financial support for Trump's campaign. (thescottishsun.co.uk reuters.com) Visual Representation A notable image capturing the tension between the two figures shows President Trump and Elon Musk in a heated discussion at the White House in March 2025.(lemonde.fr)
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B& Binance's Stablecoin Holdings Binance's stablecoin reserves have experienced fluctuations:(reddit.com) • Reserve Composition: As of November 2022, approximately 40% of Binance's major crypto token holdings were in BUSD and Binance Coin (BNB), with $23 billion in BUSD and $6.4 billion in BNB • (reddit.com) • Net Outflows: Following the FTX collapse, Binance experienced the largest net outflow in its history, with a daily net outflow of $295 million in stablecoins on the Ethereum blockchain • (insights.glassnode.com) • Current Reserves: Despite these outflows, Binance's total USD-denominated reserves have stabilized at approximately $35.9 billion • (insights.glassnode.com) Future Outlook The stablecoin market is undergoing significant transformation:() • Market Recovery: The stablecoin market has rebounded, nearing pre-TerraUSD crash levels, with a total market capitalization of $161 billion as of June 2024 .(investing.com) • Regulatory Impact: Global regulatory frameworks, such as the EU's MiCA, are reshaping the stablecoin landscape, influencing which stablecoins are favored on platforms like Binance. (reddit.com) Diversification: Binance is diversifying its stablecoin offerings, with increased emphasis on USDC and TUSD, to adapt to regulatory changes and market demands .(binance.com) #BigTechStablecoin #MarketPullback
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# With me ( wisdom) are Riches,Honor,Enduring Wealth and Prosperity!!! (Prov. 08: 18) #Before Every Trade let's First Seek His (Jehova God) Wisdom!!! #Be Blessed Everyone$!!!
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#DOGEcoin seems to be hitting the jackpot sooner!!!
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# Confliction is still progressing between Trump and Musk!!! # Expecting that matter be solved out sooner,not to harm the market!!!
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