Cryptopolitan

1 day 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.

1 day 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.

1 day ago | cryptopolitan.com | Hannah Collymore

Circle’s stellar NYSE debut Thursday quickly soured after longtime partner and crypto investment firm Arca publicly torched the stablecoin issuer over what it called a betrayal of crypto-native allies in favor of Wall Street. Shares of Circle (CRCL.N), the company behind the USDC stablecoin, opened at $69, more than doubling its IPO price of $31 and peaked at $103.75 before settling slightly lower by market close.

2 days ago | cryptopolitan.com | Hannah Collymore

The Chief Executive Officer of Uber, Dara Khosrowshahi, has revealed that the company is exploring the use of stablecoins to facilitate global money transfers. The company is reportedly in the “study phase,” and is evaluating stablecoins as a cost-effective alternative to traditional payment systems for moving money across borders. The world has been gradually warming up to the use of stablecoins, and Uber is paying attention.

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.