ChainCatcher news, according to a new federal lawsuit filed on Tuesday, over 100 current and former federal employees are suing Musk and the Department of Government Efficiency (DOGE) he leads, accusing them of accessing highly sensitive personnel records without proper review or authorization.The lawsuit was filed by 104 employees and various unions representing government workers in the Southern District of New York. The plaintiffs are asking the government's primary human resources agency, the Office of Personnel Management (OPM), to cut off DOGE and its agents' access.The complaint lists Musk, DOGE, OPM, and current OPM Director Charles Ezell as defendants. The lawsuit claims that DOGE's access to OPM records violates the Privacy Act, which prohibits improper access to personal data, including cross-agency access to personal data.It points out that DOGE agents were not government employees when they obtained access to OPM's computer network. The lawsuit mentions 19-year-old DOGE employee Edward Coristine, who reportedly goes by the online nickname "Big Balls," and was fired from a cybersecurity company due to an internal investigation into data breaches during his employment.

ChainCatcher message, U.S. Senator Cynthia Lummis posted on X: "The achievements of President Trump, Elon Musk, and the DOGE team in the first few days are remarkable. The government is once again serving the American people, saving taxpayers billions of dollars. This money is real cash that will go back into the pockets of Americans."

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted a prediction on the approval probability of spot cryptocurrency ETFs in 2025.Among them, Litecoin (LTC) and Dogecoin (DOGE) are the most likely to be approved, with probabilities of 90% and 75%, respectively. Solana (SOL) is at 70%, while XRP is lower at 65%.

ChainCatcher news, the Doge project DogePump has introduced the Meme20 protocol to Doge Cardinals, allowing users to issue tokens directly on Dogecoin, replacing EVM chains.

ChainCatcher news, according to Watcher.Guru, Trump hinted that Musk's government efficiency (DOGE) team found irregularities while examining U.S. Treasury data, suggesting this could lead to the U.S. not having to pay certain amounts."There might be a problem, we've been looking into this regarding U.S. debt," Trump said on Sunday while aboard Air Force One heading to the Super Bowl. "This could be an interesting issue because a lot of things might not count." He added, "As a result, our debt might be less than we think."

ChainCatcher news, according to Bitcoin News, there are rumors that Elon Musk will spend $40 million to air five 30-second ads during the Super Bowl, focusing on the government waste issues revealed by DOGE.

ChainCatcher message, Dogecoin UI designer DogeDesigner tweeted that Musk did not conduct any $20 million cryptocurrency giveaway. Reminding users not to be fooled by these deepfake scam videos.

ChainCatcher news, according to market news, lawsuits have been filed by various states in the U.S. to prevent Musk's Department of Government Efficiency (DOGE) from accessing the government payment system.

ChainCatcher news, Musk announced the rehire of 25-year-old former DOGE employee Marko Elez, who had resigned due to racist remarks. Musk stated, "To err is human; to forgive is divine."Previous news, Marko Elez, a member of the government efficiency department (DOGE) team led by Musk, resigned due to a previously posted racist post. Marko Elez had tweeted about racism last July.

ChainCatcher news, according to NPR, Marko Elez, a member of the government efficiency department (DOGE) team led by Musk, has resigned due to previously posted racist posts. Marko Elez had tweeted about racism last July. These tweets have now been deleted, and the incident has been confirmed by a White House official who was not authorized to speak publicly.

ChainCatcher news, according to Wired, the government efficiency department (DOGE) led by Elon Musk is developing a custom generative AI chatbot GSAi for the U.S. General Services Administration (GSA). The project aims to enhance the daily work efficiency of approximately 12,000 GSA employees and utilize the chatbot and other AI tools to analyze vast amounts of contract and procurement data. This move is part of President Trump's "AI First Agenda," aimed at modernizing the federal government through advanced technology.

ChainCatcher news, according to The Block, the American consumer watchdog Public Citizen filed a complaint with the Department of Justice and the Office of Government Ethics (OGE) on Wednesday, urging them to investigate whether Trump's launch of the meme coin TRUMP violates federal laws prohibiting presidents from soliciting gifts in their official capacity.Public Citizen emphasized that due to the nature of cryptocurrency transactions, it is difficult to know whether foreign actors are also "gifting the president by purchasing Trump memes," and urged the Department of Justice and OGE to investigate this issue as well.

ChainCatcher News, the U.S. Department of Justice prosecutors have agreed to temporarily restrict access to information in the Treasury Department's payment systems for staff of the "Department of Government Efficiency" (DOGE) led by Musk.Previously, a group of union members and retirees sued the Treasury Department, alleging that providing DOGE access to the federal government's vast payment system and the personal data stored within it violated federal privacy laws.The Trump administration submitted a motion on Wednesday night seeking to sign a proposed order detailing the agreed-upon terms. The proposed order states that "the defendants will not provide any access to payment records or payment systems maintained by the U.S. Treasury Department or its internal services." The order allows for exceptions, permitting two special government employees within the Treasury (Tom Klaus and Marco Elez) to access these records "as needed" while performing their duties, but this access is limited to "read-only."

ChainCatcher news, according to Bloomberg, a union in the United States is seeking a temporary court order to prevent the U.S. Treasury from handing over personal and financial data of Americans to Elon Musk's government efficiency task force. The lawsuit mentions reports that after a career official at the Department of Justice resigned, Treasury Secretary Scott Bessent allowed the DOGE team access to the federal payment system last week. The lawsuit claims that these systems contain confidential information about taxpayers, employees, and companies.

ChainCatcher news, Canadian blockchain company Neptune Digital Assets Corp. announced the purchase of 20 BTC at an average price of $99,833, totaling approximately $2 million. This acquisition took place from January 26 to February 3, 2025, increasing Neptune's total Bitcoin holdings to 376 BTC.In addition to expanding its Bitcoin reserves, Neptune also purchased 1,000,000 DOGE through strategic derivatives on December 27, 2024, at an average price of $0.37, further diversifying its cryptocurrency investment portfolio.

ChainCatcher News, the head of the U.S. government's efficiency department (DOGE), Elon Musk, today retweeted a post from X user "Reddit Lies." The post exposed multiple anonymous Reddit users threatening DOGE department employees, with some content even calling for extreme actions against them and suggesting searching for their addresses for targeted actions.Musk retweeted the post and stated, "They (the relevant Reddit users) have broken the law." Shortly after, Musk released a statement from U.S. Attorney for the District of Columbia Edward R. Martin Jr. The statement indicated that the Justice Department had conducted a preliminary review of the relevant evidence and found that individuals and groups had indeed made threats specifically targeting DOGE employees. The department is currently working closely with the FBI and other law enforcement agencies and has initiated prosecutorial procedures. Musk commented, "Don't mess with DOGE."

ChainCatcher news, according to Jinshi reports, Elon Musk, who leads the U.S. government's efficiency department "DOGE," recently outlined a blueprint for significant cuts to U.S. spending and regulations, including the abolition of the U.S. Agency for International Development (USAID). Musk stated in an X Spaces audio conference that a thorough cleanup of U.S. regulations is needed, revealing that his team is pushing to close this foreign aid agency established by U.S. Congress, which would be the largest reduction plan to date.Additionally, Musk announced that he will have a dialogue with JPMorgan CEO Jamie Dimon this week, attempting to persuade the bond market that his "DOGE" cost-cutting plan can enhance market confidence in U.S. debt. Any signs of significant spending cuts and improvements in the fiscal deficit are good news for investors betting on a decline in U.S. Treasury yields. This nearly hour-long audio discussion was Musk's first detailed talk about the "DOGE plan" since Trump's election victory, with participation from Republican Senators Joni Ernst, Mike Lee, and former "DOGE" co-chair Vivek Ramaswamy in this free discussion.Analysts believe that Musk's intensive actions two weeks before Trump's administration indicate that the authority of "DOGE" has far exceeded the scope of the executive order that created the department—this order only required it to "improve government efficiency and productivity by upgrading federal technology software."

ChainCatcher news, according to Crypto Briefing, the New York Stock Exchange Arca has submitted a 19b-4 form to the U.S. Securities and Exchange Commission, planning to convert Grayscale's Dogecoin Trust into a spot exchange-traded fund. This move comes shortly after Grayscale announced the launch of the Dogecoin Trust Fund, which disclosed that Coinbase Custody Trust Company would serve as the custodian for the Grayscale Dogecoin ETF, while BNY Mellon would be responsible for management and transfer agency duties.It is reported that the application states: "Similar to Bitcoin and Litecoin, Dogecoin can be used to pay for goods and services, or can be exchanged for fiat currency, such as the U.S. dollar, with the exchange rate determined by digital asset trading platforms, or determined by individual user-to-user transactions under a barter system. In addition, Dogecoin can also be used to pay miners for transaction fees for validating transactions on the Dogecoin network."

ChainCatcher news, according to official data from Grayscale, the management fee rate for its Grayscale Dogecoin Trust is 2.5%, and it will use the CoinDesk Dogecoin Price Index to provide a USD-denominated reference rate.In addition, as of January 31, the assets under management of the Grayscale Dogecoin Trust reached $196,326.37, with a net asset value per share of $9.77.