ChainCatcher news, according to Caixin, Musk admitted during an interview with former Clinton administration advisor and political strategist Mark Penn that the proposed "Department of Government Efficiency" (DOGE) in the U.S. would find it difficult to achieve the previously promised $2 trillion reduction in federal spending. This stands in stark contrast to his statement at a Trump campaign rally last October, where he claimed to "cut at least $2 trillion." Musk explained that setting a high target is meant to ensure actual results, stating, "If we try to cut $2 trillion, we can achieve $1 trillion in results."According to data from the U.S. Treasury, the fiscal year 2024 spending is $6.75 trillion, while the government's discretionary budget is only $1.7 trillion. Musk stated that if the budget deficit could be reduced from $2 trillion to $1 trillion and economic potential is unleashed to allow the output of goods and services to keep pace with the growth of the money supply, inflation control could be achieved. Experts predict that Musk and Ramaswamy may focus their cuts on social welfare programs such as Medicaid.

ChainCatcher message, Musk posted on X: "If dollar inflation is resolved, under the same conditions, the dollar price of buying cryptocurrencies will actually decrease. What matters is the ratio of the dollar to cryptocurrencies."

ChainCatcher news, Musk tweeted again at 5 AM Beijing time "Brothers in Arms," accompanied by an image of a Roman general's pepe.It is reported that Musk is currently playing the hardcore mode of "Path of Exile 2," at level 85. The core mechanic of hardcore mode is permanent death, meaning that once a character dies, all progress and equipment will be permanently deleted. This mechanism provides players with a high level of challenge and a sense of achievement.

ChainCatcher news, German government spokesperson Christiane Hoffmann accused Musk of attempting to interfere in the upcoming national elections in Germany due to his support for the far-right party "Alternative for Germany" (AfD). Musk published an article in a German newspaper supporting the party, provoking a strong reaction from German officials.Musk stated that as a businessman operating in Germany, he has the right to express his support, but the authorities have classified the AfD as extremists.

ChainCatcher news, according to Jinshi reports, Musk stated on social media that the Federal Reserve is "extremely bloated in personnel."This remark was triggered by someone posting about the Federal Reserve's latest policy decision.

ChainCatcher news, sources reveal that Elon Musk is hiring staff for the Department of Government Efficiency (DOGE). Steve Davis, president of Musk's tunneling company Boring Co., and former U.S. Chief Technology Officer Michael Kratsios are among the main interviewers for potential candidates. DOGE has currently hired about 10 people and is looking for software engineers, including those with artificial intelligence experience.Currently, DOGE operates out of a glass-walled office in Washington, which is rented by Musk's other company SpaceX, located about four blocks from the White House.Some insiders have revealed that Musk and Ramaswamy (another leader) are still working to determine the structure of DOGE, but they are considering incorporating it as a 501(c)(3). One complication is that a 501(c)(3) can be either a public charity (which means it must pass a public support test and at least one-third of its donations must come from a broad base of supporters) or a private foundation, with stricter limitations for private foundations.

ChainCatcher message, Musk posted on social media: "DOGE is inevitable."

ChainCatcher news, former U.S. Congressman Ron Paul may join the Department of Government Efficiency (DOGE) and has been invited to contribute. Paul recently shared on X that Musk had sought his advice on the Department of Government Efficiency: "Elon Musk asked me to provide suggestions for the newly established Department of Government Efficiency. I am happy to help."