The Collision of Musk and the Cryptocurrency Industry

ChainCatcher news, early this morning, Musk changed the X account nickname back to the original name (Elon Musk), and the related Meme coin Harry Bōlz plummeted.

ChainCatcher news, according to The Washington Post, the team from the Office of Government Efficiency led by Elon Musk is conducting a comprehensive review of the financial data of the U.S. Department of Education using Microsoft's Azure cloud platform AI software. The review covers the department's contract expenditures, grant disbursements, and travel expenses, involving information that can identify grant management personnel and sensitive internal financial data. The specific model of AI software being used has not yet been disclosed.

ChainCatcher news, according to the Washington Post, four U.S. officials revealed that agents from the government efficiency department led by Musk have obtained highly confidential government records of millions of federal employees, including officials in sensitive security positions at the Treasury Department and the State Department. This is part of a broader effort aimed at competing for control over the government's main personnel agencies.

ChainCatcher news, according to Watcher.Guru on the X platform, Musk supports moving U.S. Treasury transactions to the blockchain for complete transparency.

ChainCatcher message, the official website of the U.S. government's efficiency department (DOGE) has changed its logo, which still contains Shiba Inu elements.

ChainCatcher news, just minutes after President Trump was sworn in, three organizations filed lawsuits in federal court, accusing the government efficiency department led by Elon Musk of violating the transparency requirements of the 1972 law.All three lawsuits argue that DOGE should be considered a federal advisory committee. According to the 1972 FACA Act at the center of the lawsuits, such committees must represent balanced perspectives, hold all meetings in public, and maintain records of the meetings, among other requirements.