ChainCatcher news, Musk and Vivek Ramaswamy will launch the "Dogecast" podcast for the Department of Government Efficiency (DOGE).

ChainCatcher News, a report released by the American agency "Regulatory Research Center" in 2020 shows that between 2000 and 2010, the growth rate of federal government regulatory spending and staffing in the United States was faster than in the previous two decades (overall spending increased by 66.5%, and staffing grew by 54.0%).According to the budget estimates for fiscal year 2021, regulatory spending in 2020 was 22.8% higher than the level in 2010, with an average annual growth rate of 2.1% over the decade. From 2010 to 2020, staffing increased by 5.8%, with an average annual growth of 0.6%.Elon Musk shared an image from the report on X, stating: "There are too many regulators, just like in a sports game where the number of referees exceeds the number of players on the field!" Previously, Musk was appointed as an advisor to the Trump administration, leading the "Office of Government Efficiency" (金十).

ChainCatcher news, Shiba Inu's anonymous chief developer Shytoshi Kusama has forwarded information on the X platform indicating that the U.S. Department of Efficiency (DOGE), led by Musk, is exploring the implementation of a blockchain-based election platform, which may be called "eVote." This system involves collaboration with X (formerly Twitter), as well as blockchain platforms like Cardano, Hyperledger, and Hedera, aiming to create a nationwide electronic voting and verification solution. Analysts believe this aligns with Trump's long-standing emphasis on ensuring election integrity.Shytoshi Kusama believes that the success of this system depends on the integration of fully homomorphic encryption (FHE) and calls for Trump to appoint a professional blockchain advisor.

ChainCatcher news, Shiba Inu's anonymous chief developer Shytoshi Kusama has shared information on the X platform indicating that President Trump and the soon-to-be-established Department of Government Efficiency (DOGE) are exploring a blockchain-based federal election voting and verification system.Insiders reveal that the system will be collaboratively established by X, Cardano, HyperLedger, and Hedera. Federal legislation will require all states to implement the "eVote" platform to ensure the fairness of elections across the United States.Sources say that President Trump insists on implementing a system to eliminate voter fraud, as he is concerned about potential misconduct in 2028. Kusama believes that the success of the system depends on the integration of Fully Homomorphic Encryption (FHE), while also urging Trump to appoint a professional blockchain advisor.

ChainCatcher news, Gemini co-founder Cameron Winklevoss believes that the initiatives of the Department of Government Efficiency (DOGE) are crucial in combating inflation, the "silent tax."It is reported that DOGE proposed to eliminate government waste and combat inflation in the United States. Last month, the inflation rate in the U.S. rose by 2.6% year-on-year, slightly higher than in September.Winklevoss emphasized the importance of addressing rising prices, stating that it imposes a disproportionate burden on low-income Americans, and he believes that these measures by DOGE are essential for achieving economic fairness and sustainability.

ChainCatcher news, cryptocurrency exchange Gemini co-founder Tyler Winklevoss posted on the X platform that as long as Harvard University continues to have ties with U.S. Democratic Senator Elizabeth Warren, the U.S. federal government should terminate tax exemptions and funding for Harvard University.She is a law professor, yet she has launched an illegal war against the cryptocurrency industry; American taxpayers' money should not flow to institutions that harbor these villains.

ChainCatcher news, Vivek Ramaswamy, who leads the Department of Efficiency in the U.S. government alongside Musk, posted on X that the Department of Efficiency (DOGE) he plans to create will be dissolved on July 4, 2026, as one of the celebrations for the 250th anniversary of the Declaration of Independence. He quoted Reagan's famous saying, emphasizing the persistence of government agencies, but stated that DOGE would be the exception.

ChainCatcher news, Vivek Ramaswamy, who leads the Department of Efficiency in the U.S. alongside Musk, posted on the X platform that the "Department of Government Efficiency" (DOGE) he plans to create will be dissolved on July 4, 2026, as one of the celebrations for the 250th anniversary of the Declaration of Independence.He quoted Reagan's famous saying to emphasize the persistence of government agencies, but stated that DOGE would be the exception.

ChainCatcher news, according to Jinshi reports, on November 14 local time, Musk retweeted a recruitment announcement from the newly created @DOGE (Department of Government Efficiency) account on his X account, stating: "It begins."The announcement stated: "We do not need people who only provide partial ideas; we need 'small government' revolutionaries with extremely high IQs (super high IQ) who are willing to work more than 80 hours a week. Please send your resume via private message to this account. Elon and Vivek will review the top 1% of applicants." Musk also retweeted other X users mentioning the announcement and commented: "Indeed, this will be a tedious job, will create many enemies, and the compensation is zero."

ChainCatcher news, according to Bloomberg, U.S. federal prosecutors stated that FTX co-founder Gary Wang provided "outstanding" assistance to federal prosecutors in the SBF case, having created "tools" to help the U.S. government uncover other fraudulent activities and advocating for leniency for Wang.In a sentencing report submitted on Wednesday, federal prosecutors wrote: "Wang also provided substantial assistance and took steps to correct past mistakes in the process, utilizing his extraordinary computer programming skills to detect potential fraud in the stock and cryptocurrency markets." Details of Wang's code were heavily redacted in government documents.The U.S. government stated that, unlike his co-conspirators, Wang did not deceive customers, lenders, or investors, nor did he misappropriate customer funds. While prosecutors did not recommend a specific sentence, the submitted memorandum requested the court to consider Wang's outstanding cooperation.

ChainCatcher news, according to The Block, the U.S. government is negotiating with several political action committees (PACs) to return up to $13.25 million in political donations made by former FTX executives.The request has been approved by Judge Lewis Kaplan, who is overseeing the FTX case, and the government will continue discussions with the PACs regarding the forfeiture of these funds until January 15.Data shows that the donations were made by FTX founder Sam Bankman-Fried or former engineering chief Nishad Singh, who testified that some of the donations were made at Bankman-Fried's request and that he had signed blank checks.

According to ChainCatcher news, data from Arkham indicates that the U.S. government has sold ANT tokens seized from Alameda Research. This marks the first transfer of funds from the wallet in nearly two years, which contains approximately $974,000 worth of cryptocurrency. In November 2023, Aragon (token ANT) voted to dissolve and redeem ANT tokens for 86,343 ETH (valued at $155 million at the time). Users must redeem their ANT tokens by November 2, 2024. After redemption, all ANT tokens will be destroyed, meaning "from now on, holding ANT makes no sense."

ChainCatcher news, according to Bloomberg, Musk stated that he believes he can reduce the U.S. government's annual spending by $2 trillion and proposed a vision of significantly cutting government expenditures if Trump wins the presidential election. "Your money is being wasted," Musk said at a Trump rally last Sunday at Madison Square Garden in New York. "We will make the government stop entangling you and stop draining your wallets."Trump stated that he would ask Musk to lead a plan to cut government spending, which is called the "Department of Government Efficiency," abbreviated as DOGE.Critics say this position would represent a conflict of interest for Musk. The companies he runs, including Tesla and SpaceX, hold federal contracts worth billions of dollars and benefit from federal spending, including electric vehicle tax credits and infrastructure investments. The $2 trillion target accounts for nearly one-third of current spending. According to the Treasury Department, the federal government spent $6.75 trillion in fiscal year 2024.Trump has talked about reducing federal debt during his campaign but has not detailed the specific items he would cut. Instead, he has promised a series of tax cuts aimed at key voter groups, which economists warn would lead to a surge in deficits. Federal documents show that Musk has spent at least $132 million to support Trump and other Republicans in winning the 2024 election, making him one of the largest donors throughout the 2024 cycle.

ChainCatcher news, recently Tether issued a strong statement on its official website criticizing the irresponsible reporting of The Wall Street Journal: "The Wall Street Journal wrote an article with reckless accusations so definitively without any public confirmation from authorities or disclosing sources, which is extremely irresponsible; these stories are purely based on speculation. This report also carelessly obscured Tether's documented extensive cooperation with law enforcement to combat bad actors attempting to misuse Tether and other cryptocurrencies."Previously, The Wall Street Journal reported that Tether might face penalties for doing business with organizations on the U.S. sanctions list.

ChainCatcher news, according to Onchain Lens monitoring, after the hacker returned the funds, the U.S. government has now transferred the assets to a new wallet.The new address is: 0x0CaB63E3e978D1f66c19C480c206b01fB62F1243

ChainCatcher news, according to an update disclosed by Arkham on the X platform, data shows that after the reported hacking attack yesterday, the U.S. government's address has just recovered $19.3 million, less than 24 hours after the initial address breach, and has received 88% of the stolen funds so far.Previous news, according to Arkham monitoring, a cryptocurrency wallet associated with the U.S. government was allegedly hacked, resulting in approximately $20 million in assets being stolen. The stolen funds originated from a portion of the funds seized by the U.S. government in the 2016 Bitfinex exchange hacking incident.

ChainCatcher message, according to @ai_9684xtpa monitoring, after the stolen funds from the U.S. government were transferred to an address starting with 0x348, some stablecoins have been exchanged for 2709 ETH (approximately 6.08 million USD).The exchanged ETH has been distributed to Binance and two new addresses, and the hacker's wallet currently still holds AUSDC worth 13.2 million USD.

According to ChainCatcher, on-chain data shows that the U.S. government address (Bitfinex hacker seized funds) withdrew $6.57 million worth of stablecoins from Aave 6 hours ago. The funds were then transferred to the address "0x34...0a9f", which subsequently exchanged approximately 5.45 million USDC for 2135.27 ETH. The specific motive behind the operations of this address cannot be confirmed at this time.