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1h ago

White House Confirms Early Dissolution of Musk’s D.O.G.E. as Dogecoin Outperforms on ETF Hopes

ETF approvals for DOGE have become the key driver of a brief price rebound.

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Overview

  • The White House confirmed the Department of Government Efficiency has effectively shut down eight months early following internal turmoil tied to Elon Musk’s split with President Trump.
  • Dogecoin traded around $0.145–$0.147 with gains over 3% in Monday’s Asian session, edging past the CoinDesk 20 and the CoinDesk memecoin index.
  • Grayscale’s spot DOGE ETF (GDOG) is slated to begin trading, while a Bitwise DOGE product is described as potentially launching under a 20-day window.
  • Bitcoin and Ethereum fell roughly 9%–10% on the week, and most large-cap tokens lagged despite DOGE’s session gains.
  • CoinDesk noted fragile near-term conditions for DOGE due to whale selling and weak technicals, and CoinGecko data showed cat-themed tokens slightly outpacing dog-themed coins.