DOGECOIN DROPS OVER 4% AFTER ELON DENIES U.S. GOVERNMENT ADOPTION RUMORS
Dogecoin (DOGE) experienced a decline of over 4% following Elon’s clarification that the U.S. government has no plans to adopt the cryptocurrency.
Speaking at a town hall in Green Bay, Wisconsin, Elon addressed speculation linking Dogecoin to the Department of Government Efficiency (D.O.G.E.), stating.
Elon:
“There are no plans for the government to use Dogecoin or anything, as far as I know.”
This statement comes after previous excitement within the crypto community, where the D.O.G.E. initiative’s name led to assumptions about potential government integration of Dogecoin.
The clarification has tempered market enthusiasm, contributing to the recent price dip.
Source: @cointelegraph
BRAZIL’S CENTRAL BANK REJECTS NATIONAL BITCOIN RESERVE PROPOSAL
Brazil’s Central Bank Director, Nilton David, has dismissed a legislative proposal to allocate 5% of the country’s international reserves to Bitcoin, stating such diversification would be inappropriate.
Simultaneously, the National Monetary Council (CMN) has prohibited closed pension funds from investing in cryptocurrencies, citing concerns over volatility and associated risks.
These decisions contrast with earlier support from government officials advocating for a sovereign Bitcoin reserve to enhance economic resilience.
Source: @CryptosR_us
🌴 Vanuatu is diving into the crypto ocean with new laws that are tighter than a blockchain's security! The Pacific island nation has passed the Virtual Asset Service Providers Act, giving the Vanuatu Financial Services Commission (VFSC) the power to license and regulate crypto companies.
- With penalties up to $2 million and 30 years in jail, scammers better pack their bags!
- The law covers exchanges, NFT marketplaces, and even lets banks join the crypto party.
- A sandbox for crypto services is also in the mix, opening doors for innovation and financial inclusion.
Vanuatu's crypto wave is set to make a splash! 🌊
Liquity V2 forks are going live!
Liquity V2 officially relaunches later in Q2 - but you don’t have to wait to see it in action.
3 forks built on the V2 codebase are launching this April, each with incentives galore to boot 👀
1️⃣ @felixprotocol on @HyperliquidX
• Borrow against HYPE, Unit BTC, ETH, and SOL at an interest rate of your choosing
• Mint feUSD and earn via Stability Pools or LP it with other stables
2️⃣ @Neriteorg on @arbitrum
• Immutable contracts—no upgrades, ever
• Native streaming via @Superfluid_HQ
• Borrow USDN against ETH, LSTs, LRTs (e.g., weETH, ezETH), and ARB
3️⃣ @DeFiDollar on Mainnet
• Use AAVE, CRV, LDO, LQTY & more as collateral to mint DUSD
• A stablecoin backed by the tokens that power DeFi
The CDP renaissance starts soon.
Elon Musk just shut down the Dogecoin-DOGE speculation 🐶💥
At a packed town hall in Wisconsin 🇺🇸, he made it clear: his DOGE (Department of Government Efficiency) isn't using the meme coin.
DOGE might share a name with dogecoin, but Musk says it’s about cutting waste, not minting crypto. Still, he calls dogecoin "the people’s crypto."
Meanwhile, DOGE is slashing $1T in spending, saving $100B already.
Is Musk setting the stage for the next crypto-government fusion?
The Nigerian Investments and Securities Act (ISA) 2025, signed into law by President Bola Ahmed Tinubu, officially recognizes cryptocurrencies as an asset class! This landmark decision ends years of uncertainty and lifts the ban on crypto assets. 💡💱
The law empowers SEC Nigeria to foster innovation, regulate virtual asset providers, and protect investors, while positioning Nigeria as a hub for global investments.
With strict penalties for Ponzi schemes and more clarity for the crypto market, could this be the start of a new era for Nigeria’s blockchain ecosystem? Share your thoughts!
Exciting insights from Truflation, the real-time data provider for inflation indexes! They’ve found a correlation between their inflation data and bitcoin’s price movements, suggesting that bitcoin rallies shortly after pauses or reversals in disinflation trends. 🇺🇸
Truflation classifies bitcoin as a risk asset, highlighting that stable inflation periods create a "sweet spot" for bitcoin. They note, "bitcoin appears to be reacting to that early signal, even before CPI data or the Federal Reserve catches up."
This suggests that changes in inflation trends could serve as leading indicators for a bull run in risk asset markets. What do you think about the relationship between inflation and Bitcoin? Let us know! 💬
XRP’s Make-or-Break Moment – Smart Money Positioning?
🔎 $XRP ’s price action is looking weak as it battles resistance at $2.10. A failure to hold $2.02 support could trigger liquidations, leading to a deeper pullback. Whales & institutions are watching closely—what are they thinking?
👉 Bull Case:
If buyers step in and reclaim $2.10+, we could see an aggressive move higher
Key liquidity zones suggest interest above $2.15
👉 Bear Case:
If support at $2.02 breaks, selling pressure could intensify fast
Market conditions suggest a potential retest of $1.95–$1.90 if momentum shifts
This is where big investors make moves—either loading up at key levels or waiting for confirmation. Are you in cash, longing support, or shorting the breakdown?
I’ll keep tracking whale flows and on-chain movements. Drop your thoughts!
#XRP #BSCTradingTips #FTXrepayment #Saylor500KClub
$GUN ’s Next Move – Liquidity Trap Incoming?
📊 $GUN pumped +146.6%—massive move, but smart money knows when to exit. Now it’s all about the retracement game.
Here’s what I’m watching:
⚠️ Weak buying pressure on the bounce – no strong reclaim = short confirmation
🔄 Liquidity hunting – if price taps $0.085–$0.095, it’s the prime trap zone
📉 Targets for the downside – eyes on $0.07500, $0.06000, and $0.04500
🚨 If we get a failed retest at $0.09500, I’m flipping short. But if we reclaim $0.10? That’s my signal to step back. Risk management is key.
This is where big players manipulate the market—will we see a squeeze before the dump, or is the fade already in progress? Position accordingly.
#BSCTradingTips #GUN #FTXrepayment #NavigatingAlpha2.0