The Daily: Trump says ‘DOGE’ to be led by Musk and Ramaswamy as Dogecoin soars, Bitwise CIO makes the case for $500K bitcoin and more
2024-11-14

Happy Wednesday! In today's Daily, President-elect Donald Trump confirms his "DOGE" efficiency department will be led by Elon Musk and Vivek Ramaswamy as Dogecoin surges, Bitwise CIO Matt Hougan makes the case for $500,000 bitcoin, crypto-AI startup 0G Labs raises $290 million in fresh funding and more.
Meanwhile, the Consensys-incubated Layer 2 Linea plans a token launch in Q1 2025 and U.S. prosecutors seek to recoup over $17.9 million worth of crypto tied to alleged bribes paid to Chinese officials prior to the collapse of FTX.
Plus, when will bitcoin's price hit $100,000? Here's what crypto experts have to say.
Let's get started.
Trump confirms 'DOGE' efficiency dept. will be led by Musk and Ramaswamy as Dogecoin soars
President-elect Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead his new Department of Government Efficiency (DOGE).
Bitwise CIO makes the case for a $500,000 bitcoin price
In a note to clients late Tuesday, Bitwise CIO Matt Hougan made the case for a $500,000 bitcoin price before the cryptocurrency's early stage comes to an end and the asset "matures."
Crypto-AI startup 0G Labs raises $290 million in fresh funding
Zero Gravity Labs (0G Labs or 0GL), a crypto-AI startup developing infrastructure for a decentralized AI operating system, has secured $290 million in funding, including a $40 million seed round and a $250 million token purchase commitment.
BlackRock's tokenized fund BUIDL expanding to Aptos, Arbitrum, Avalanche, Optimism and Polygon
BlackRock's BUIDL fund, tokenized in collaboration with Securitize, is expanding from Ethereum to the Aptos, Arbitrum, Avalanche, Optimism and Polygon blockchains.
Pepe price surges amid Robinhood listing and Coinbase’s plan to add the memecoin
Pepe's price surged over 30% on Wednesday after Robinhood announced its listing of the frog-faced memecoin for spot trading and Coinbase also revealed plans to list the token.
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