DOGE in the Spotlight as House Approves Trump’s $9B Budget Cuts Amid Political Tensions

The House recently passed President Trump's $9 billion budget cuts package, marking a significant legislative victory. While the focus was on slashing foreign aid and public broadcasting funds, the cryptocurrency community has been abuzz with speculation about the potential implications for DOGE. Amidst internal GOP divisions and transparency demands related to Epstein, the crypto market remains watchful for any ripple effects that could influence DOGE's future trajectory. This development comes at a time when digital assets are gaining increasing attention in the financial sector, and DOGE, in particular, continues to capture the imagination of investors and enthusiasts alike.

House Passes Trump’s $9B DOGE Cuts Package Amid GOP Epstein Rift

The House narrowly approved President Trump’s $9 billion budget cuts targeting federal programs, marking his first major legislative victory using presidential rescission authority in nearly three decades. The package slashes $8 billion from foreign aid and $1.1 billion from public broadcasting, including funding for NPR and PBS.

Passage came despite internal GOP divisions sparked by transparency demands related to Epstein files. Only two Republican representatives opposed the measure, which now moves to Trump’s desk for signature. The cuts represent a significant step in the administration’s government efficiency reforms.

House Speaker Mike Johnson secured the 216-213 vote despite last-minute challenges. The legislation specifically impacts the US Agency for International Development and Corporation for Public Broadcasting, reflecting Trump’s prioritization of domestic spending over international commitments.

Bit Origin Bets $500 Million on Dogecoin Treasury, Sparks Market Rally

Bit Origin unveiled plans to establish a $500 million Dogecoin treasury, marking the first major institutional embrace of the meme coin by a publicly listed company. The mining firm will raise $400 million through Class A share sales and $100 million via convertible debt, with $15 million already secured through Chardan-led financing.

The announcement triggered a 90.17% surge in Bit Origin's stock (BTOG), reflecting market enthusiasm for the strategic pivot. CEO Jinghai Jiang positioned dogecoin as a natural fit for Elon Musk's X super-app vision, citing its peer-to-peer payment utility and unrivaled settlement speed among digital assets.

This institutional endorsement could redefine Dogecoin's trajectory beyond its meme coin origins. The treasury strategy leverages DOGE's low transaction costs and robust community - metrics now being evaluated through the lens of traditional corporate finance as Bit Origin pursues increased Doge-per-share value.

Dogecoin Price Prediction: Analyst Foresees 60% Rally on Channel Breakout

Crypto analyst MMBTtrader projects a potential 60% surge for Dogecoin if it breaches an ascending channel at $0.243. The meme coin could then target $0.4, with further upside toward all-time highs at $0.75 and $1.

Dogecoin has emerged as a standout performer in the current market rally, recently surpassing the psychological $0.20 level. The analyst anticipates Doge will lead the meme coin sector for weeks, noting its price action already shows stronger momentum compared to peers.

Market observers highlight the importance of trading volume in sustaining such a breakout. A clean channel breakout with robust volume could trigger what the analyst describes as a 'nonstop pump' scenario for the cryptocurrency.

Dogecoin Futures Open Interest Hits Record High as Price Breaks Key Resistance

Dogecoin's derivatives market is flashing bullish signals as open interest in futures contracts surges to an all-time high. The meme cryptocurrency has seen open positions spike 48% this month to 16.24 billion DOGE ($4 billion equivalent), eclipsing the previous record set in January.

Price action confirms the bullish momentum, with DOGE rallying 47% to cross 24 cents. The move represents a decisive break above both the 200-day moving average and the descending trendline from December's peak NEAR 48 cents. Market technicians view this as confirmation the path of least resistance now points upward.

Positive funding rates across perpetual futures markets indicate strong demand for Leveraged long positions. This buildup of bullish bets typically precedes periods of heightened volatility, suggesting potential for continued price discovery in either direction.

Katie Miller Denies Split Rumors with Elon Musk, Maintains Role in His Network

Katie Miller has publicly dismissed speculation of a professional rift with Elon Musk, despite her recent departure from the Department of Government Efficiency (DOGE). The rumors gained traction after observers noted her refreshed social media profile and Musk unfollowing her on X. "My paycheck still comes from him," Miller told Reuters, confirming her continued employment under Musk.

Miller recently issued a statement on behalf of xAI, Musk's artificial intelligence venture, condemning environmental protests at a Tennessee site. Her exact responsibilities within Musk's ecosystem remain unclear, though reports suggest she serves as a communications consultant across his businesses.

The relationship between Miller and Musk dates back to her tenure in the short-lived DOGE under the TRUMP administration. Tensions between Musk and Trump over federal spending later sparked a public feud, but Miller's transition into Musk's inner circle appears unaffected.