ChainCatcher news, according to reports from CNN, NPR, Yahoo, and other media, on Saturday, protests against "anti-Musk" erupted in multiple locations across the United States, with protesters gathering at Tesla stores and chanting anti-Musk slogans.Organizers called it a "Global Action Day" and stated that protests erupted in at least 253 cities worldwide.

ChainCatcher news, Musk responded on the X platform to the question "xAI has now acquired X and owns the short video platform Vine, how should we handle Vine?" by stating, "Feel free to take that on."As a result, according to GMGN market information, the market capitalization of the meme coin VINE on the Solana chain has surpassed 40 million dollars, currently reported at 40 million dollars, with a 24-hour increase of 65%.

ChainCatcher news, Musk posted that xAI has acquired X through an all-stock transaction, and the newly merged entity is unified as XAI HOLDINGS. This deal values xAI at $80 billion and X at $33 billion (i.e., $45 billion minus $12 billion in debt).

ChainCatcher news, Musk stated that he hopes the U.S. Department of Efficiency (DOGE) will complete the task of cutting $1 trillion in government spending by the end of May.

ChainCatcher news, the Hurun Research Institute released the "2025 Hurun Global Rich List," showing that the number of billion-dollar entrepreneurs worldwide has reached a historic high of 3,442, an increase of 163 from last year (a growth of 5%). At 53 years old, Elon Musk has become the world's richest person for the fourth time in five years, with a wealth of 3.07 trillion RMB, an 82% increase, mainly due to the surge in Tesla's stock price after Trump's election. Amazon founder Jeff Bezos ranks second with 1.94 trillion RMB, while Meta founder Mark Zuckerberg enters the top three for the first time with 1.77 trillion RMB.Binance founder Zhao Changpeng's wealth has grown to 160 billion RMB, making him still the richest person in the cryptocurrency field. Coinbase's Brian Armstrong saw his wealth increase by 72%, reaching 80 billion RMB. Bitcoin holders have also seen significant increases in wealth, with Strategy's Michael Saylor's wealth nearly tripling to 65 billion RMB, and the Winklevoss twins from Gemini Exchange nearly doubling their wealth to 28 billion RMB. On average, wealth in the cryptocurrency sector has grown by 80% year-on-year.The AI sector has performed remarkably, with Hangzhou DeepSeek founder Liang Wenfeng and OpenAI founder Sam Altman debuting on the Hurun Global Rich List with 33 billion and 13 billion RMB, respectively. Additionally, NVIDIA CEO Jensen Huang's wealth has nearly doubled, reaching 935 billion RMB, ranking 11th.It is worth mentioning that Donald Trump has become the richest U.S. president in history, with his wealth nearly doubling to 52.5 billion RMB, placing him in the top 500 of the Hurun Global Rich List, mainly due to his 53% stake in Truth Social.

ChainCatcher news, U.S. Senator Elizabeth Warren recently stated that President Trump is "lining his pockets" with the WLFI project. "Congress should step up and amend the stablecoin bill currently under consideration in the Senate, which would make it easier for Trump and Musk to control your money."

ChainCatcher news, the AI application Grok developed by Elon Musk's artificial intelligence company xAI has officially landed on Telegram, allowing it to access a messaging platform with over 1 billion monthly active users.It is reported that Telegram Premium users will not need to pay extra fees, and analysts believe that Grok's introduction to Telegram may give it an advantage in the competition with WhatsApp and Signal.

ChainCatcher news, according to Fox News, Elon Musk recently attended Trump's third cabinet meeting during his second term wearing a red hat that said "Trump was right about everything."During the meeting, Trump praised Musk as "a patriot who is working hard to expose the fraud in our government system, yet has never asked me for anything. He is a genius, unmatched by anyone else in the world. I pray for him every day. I find that he has been praising God more often lately. He is a strong man, broad-minded, very bold in his thinking, and has a deep love for humanity."

ChainCatcher News, a statement submitted by a U.S. Treasury official in a court document indicates that the U.S. Treasury is planning large-scale layoffs in response to the efforts led by Musk's Department of Government Efficiency (DOGE) to reduce the size of the federal workforce.Currently, the Treasury is finalizing its plans to implement the executive order related to the DOGE initiative signed by Trump. According to the court documents, these plans will be tailored to various agencies under the Treasury, and in many cases, will involve significant job cuts through layoffs.

ChainCatcher news, according to Jinshi reports, the Department of Government Efficiency (DOGE) led by Musk has blocked a payment of 52 million dollars to the World Economic Forum (WEF).Musk replied to a post about the news on his social platform X, saying "It's true, no courtesy."

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that he met with Musk at the U.S. Department of Defense to discuss costs and the DOGE issue.

ChainCatcher news, Kingdom Holding, the investment company of Saudi Arabia, released its 2024 annual report, disclosing that a private social media major shareholder recently invested at a transaction price equal to the book value of the investment on Kingdom's balance sheet, and indicated that this shareholder is willing to purchase more minority stakes in the social media at the same valuation.Reports cite sources stating that the social media referred to in the report is X, and the major shareholder is Musk. The report mentions that Musk used $150 million last year to increase his stake in X at a price close to what he paid during his acquisition in 2022.According to the ownership chart submitted to Nebraska regulators in October 2023, Musk owns nearly 74% of X. (Jinshi)

ChainCatcher news, according to Fortune, the U.S. Senate is set to vote on the "Guidance and Establishment of the American Stablecoin Innovation Act" (GENIUS Act) on Thursday.This is a comprehensive stablecoin bill, and both critics and supporters have stated that it will allow the federal government to recognize this emerging industry and pave the way for broader adoption of stablecoins as a means of payment beyond the cryptocurrency trading space.Massachusetts Democratic Senator Elizabeth Warren has expressed her desire to unite Senate Democrats against the measure, warning that it would open the door for large tech companies to take over the dollar. In a two-page analysis of the bill, she stated: "Under this bill, Musk could launch 'X Money' tomorrow, turning social media into a payment empire with almost no regulation, and what we are seeing is the potential privatization of the dollar."

ChainCatcher news, according to the Financial Times, the latest data from the U.S. Treasury Department shows that Elon Musk's extremely aggressive efficiency improvement measures failed to prevent federal spending from rising to a record $603 billion last month, highlighting the difficulties the Trump administration faced in reducing the size of the government. The government efficiency department led by Musk claims to have saved over $100 billion, but in the first month of the new administration, only a few departments saw a decrease in spending. Compared to the same period last year, spending increased by $40 billion, a rise of 7%.This new data was released after Musk and members of the department infiltrated several government agencies, including state and health departments, as well as multiple divisions of the Treasury Department. Tens of thousands of workers were suspended or fired, and thousands of government grants and contracts were canceled. Musk has repeatedly claimed that the government efficiency department expects to save $1 trillion from the annual federal budget and stated that the plan is currently cutting at a rate of $4 billion per day. However, the monthly financial report for February showed that there was little significant decrease in major categories of spending. Treasury officials pointed out that the Department of Education cut $6 billion in spending.

ChainCatcher news, according to The New York Times, Musk recently expressed to advisors of President Trump that he hopes to invest $100 million into organizations controlled by Trump's political team.

According to ChainCatcher news and data from the Bloomberg Billionaires Index, since the last trading day before Trump's inauguration on January 17, several attending billionaires have seen their fortunes significantly shrink, with the total market value of their companies dropping by $1.39 trillion.Among them, the personal wealth losses of the five top billionaires are particularly notable:Elon Musk's personal wealth decreased by $148 billion;Jeff Bezos's fortune shrank by $29 billion;Google co-founder Sergey Brin's assets decreased by $22 billion;Meta's stock decline caused Mark Zuckerberg to lose $5 billion;LVMH's stock pullback resulted in Bernard Arnault's wealth decreasing by $5 billion.In the seven weeks following the start of Trump's second term, the companies behind these billionaires became the biggest losers in the market, with significant wealth retraction.

ChainCatcher news, Musk showcased the approval ratings for the Department of Government Efficiency (DOGE) he leads on the X platform. The data shows that only 18.9% of respondents expressed disapproval of DOGE, while among the remaining 81.1%, 42.3% indicated "super support" for DOGE.A total of 1,507,496 people participated in this vote.

ChainCatcher news, U.S. President Trump stated on social media, "Musk is 'taking risks to stand up' to help our country, he is doing a fantastic job, but those radical people are trying to resist Tesla in an illegal and collusive manner, aiming to attack and harm Musk and everything he represents. I am going to buy a brand new Tesla car tomorrow morning to express my trust and support for Musk."Subsequently, according to The Kobeissi Letter, Tesla's stock price rose more than 6% from an overnight low and turned positive; Trump's post seems to have set the overnight price for Tesla stock $TSLA.

ChainCatcher news, the expectation that Trump's second term would drive market gains has evaporated. At Trump's inauguration, the wealth of many billionaires sitting behind him has astonishingly shrunk.According to the Bloomberg Billionaires Index, the combined wealth of five individuals has evaporated by as much as $209 billion. Compared to the day of Trump's inauguration (January 20), Musk's personal net worth has decreased by $148 billion, Bezos's personal wealth has dropped by $29 billion, Google co-founder Brin has lost $21 billion, and Zuckerberg and Arnault have seen their fortunes shrink by $6 billion and $5 billion, respectively. The total wealth of these five billionaires has decreased by $209 billion. Just yesterday alone, the combined net worth of the five billionaires plummeted by $49.78 billion.

ChainCatcher message, Musk stated this morning that the X platform is undergoing a large-scale cyber attack, and the attack is still ongoing. "We are attacked every day, but this time a significant amount of resources has been invested, possibly involving a large coordinated organization and/or a nation, and we are tracking it."Previously, multiple users reported access issues on the X platform.