Jai Hamid

2 days ago | cryptopolitan.com | Jai Hamid

Dogecoin tanked 10% today, with its weeklong losses now sitting at 22%, after Elon Musk officially walked away from Donald Trump’s administration and cut ties with the Department of Government Efficiency, known by its ironic acronym, DOGE. The crash unfolded alongside a brutal political brawl between Elon and the sitting US president, and it dragged the once-beloved meme coin deep into the red. The drama kicked off earlier this week when Elon took shots at Trump’s latest spending bill.

2 days ago | cryptopolitan.com | Jai Hamid

Bitcoin has crashed to $100,423 after falling 4% in the past day, while the TRUMP meme coin slid 12% to $9.67, according to CoinGecko. The drop hit during a brutal week for Donald Trump, who’s been fighting battles on multiple fronts—including a messy falling out with Elon Musk and a legal clash inside his own crypto camp. The timing couldn’t be worse. The market’s bleeding and every major piece of Trump’s crypto operation is now in conflict.

2 days ago | cryptopolitan.com | Jai Hamid

Shares of Tesla sank 14% on Thursday, after President Donald Trump told reporters he was considering canceling federal contracts tied to Elon Musk’s companies. The drop pushed Tesla’s value to $916 billion, stripping it of its $1 trillion status and capping off a brutal week that has already seen shares fall nearly 18%. Trump said the final straw was Elon’s anger over his administration’s decision to remove EV credits from the new spending bill.

2 days ago | cryptopolitan.com | Jai Hamid

Elon Musk just threw a live grenade into the middle of his ongoing beef with former buddy Donald Trump. On Thursday, he posted on X that SpaceX will begin decommissioning its Dragon spacecraft immediately. The trigger? Trump threatened to kill every government contract tied to Elon’s businesses. The two have been taking shots at each other ever since Elon blasted Trump’s tax plan. Now it’s gotten nuclear.

2 days ago | cryptopolitan.com | Jai Hamid

Elon Musk is officially done playing second fiddle to anyone in Washington. On Thursday, he floated the idea of starting a brand-new political party. “Is it time to create a new political party in America that actually represents the 80% in the middle?” he posted along with a poll that has over 80% of voters saying “Yes.” That was moments after Donald Trump fired off a series of attacks calling Elon “cray” and “butthurt” over their breakup.