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Author: Weilin, PANews On February 13, the U.S. Government Efficiency Department (DOGE) officially launched its website to disclose details and evidence of government cost reductions, marking the latest progress of the department in cutting costs for the U.S. government. As of the afternoon of February 13, according to data from doge-tracker (compiled from DOGE's Twitter), Musk's Government Efficiency Department has saved American taxpayers $37.89 billion, which accounts for only 1.9% of Musk's goal to reduce U.S. government spending by $2 trillion. On February 9, Coinbase CEO called for increased transparency in government spending through blockchain technology. "Great progress, DOGE," Brian Armstrong wrote in a post on the X platform on February 9. "Imagine if every government expenditure could be transparently recorded on the chain; it would make auditing much easier." On February 10, Cathie Wood, founder of asset management firm Ark Invest, also supported Musk's idea of putting all U.S. government spending on the blockchain, commenting, "Transparent, efficient, secure: win-win-win." According to a report by Bloomberg in late January, DOGE is considering using blockchain technology to reduce government costs, with informed sources revealing that internal discussions are underway. If DOGE launches the plan, it could be large-scale and potentially adopted across multiple government departments. Bloomberg cited sources stating that during the discussions, there were mentions of using blockchain to track federal spending, protect data, make payments, and even manage buildings. One insider indicated that individuals associated with DOGE have met with representatives from several public blockchain networks to assess the technology. A person who visited Palm Beach, Florida, last December proposed several blockchain applications to officials from the Trump transition team, focusing on the technology's potential in protecting critical government data and tracking the flow of funds. On February 3, Musk shared his views on putting U.S. Treasury transactions on the blockchain. In a post on the X platform, Musk emphatically responded, "Yes!" The U.S. Government Efficiency Department was officially created by an executive order signed by President Trump on January 20, tasked with modernizing federal technology and software to maximize government efficiency and productivity. Trump stated that the department would work with the Office of Management and Budget to identify spending cuts and provide recommendations by July 4, 2026. Its leader is entrepreneur Musk, who was originally set to co-lead with Vivek Ramaswamy, but Vivek withdrew for personal reasons before the official appointment. DOGE has an office in the Eisenhower Executive Office Building and employs about 20 staff members. An insider revealed that Musk recruited around 100 volunteers to code for his project before Trump's inauguration. Musk is pushing for the use of blockchain technology to force government transparency, but he is not the first to propose this idea. In April 2024, former presidential candidate Robert F. Kennedy Jr. expressed his desire to put the entire federal budget on the blockchain. At a rally in Michigan, the politician told the audience, "Every American can see every item in the entire budget at any time, 24/7. We will have 300 million eyes on our budget. If someone spends $16,000 on a toilet seat, everyone will know." Kennedy's proposal has received widespread support from advocates of small government and sound money, who believe that U.S. government spending has gone out of control. Jean Rausis, co-founder of the decentralized finance platform Smardex, stated that Musk's proposal to move the U.S. Treasury to the blockchain could make the U.S. "the de facto global leader in blockchain innovation." "While it's hard to say which blockchain could handle this task, it's important that it must be permissionless. Otherwise, the promised transparency would just be talk. However, if the U.S. Treasury adopts decentralized infrastructure, it could become a catalyst for the convergence of the Web2 and Web3 worlds." Following Bloomberg's report, Cardano founder Charles Hoskinson immediately stated on X, "I think this task should be a collaboration between Cardano, Bitcoin, and Midnight. Hey, DOGE master Musk, reach out to us, we’ll help for free." On January 26, Dragonfly managing partner Haseeb Qureshi predicted that the U.S. Government Accountability Office (GAO) might launch an AVAX sub-chain in 2025 for reporting public spending, with all expenditures traceable on-chain via stablecoins. Government agencies and contractors' wallets would be publicly disclosed and analyzed by public data detectives daily. Currently, there are use cases on Avalanche; on July 30 last year, the California Department of Motor Vehicles digitized 42 million vehicle titles on the Avalanche blockchain to detect fraud and streamline the ownership transfer process. Additionally, Ava Labs (the company behind the Avalanche blockchain) has collaborated with Deloitte and the Federal Emergency Management Agency (FEMA) to launch a new disaster relief platform to help the U.S. government streamline disaster compensation applications submitted to FEMA. The idea of applying blockchain to large-scale projects is not new, although applying it to large entities like the U.S. government remains an unproven concept. As early as 2022, the General Services Administration (GSA) was studying the introduction of ledger systems (like blockchain) into the daily operations of the federal government under its IT program. The agency hosted the U.S. Federal Blockchain Forum in 2017 and is exploring the use of smart contracts in patents, trademarks, IT applications, and foreign aid delivery. According to public reports from 2022, the Delaware Blockchain Initiative has also explored blockchain technology in public records organization and private sector data security. In addition to the aforementioned Cardano and Avalanche, on January 28, the price of MOVE tokens from Movement Labs surged significantly amid rumors that the company is consulting for Musk's DOGE. Reports indicate that this modular network has reached out to the organization, although the news has not been confirmed. Shortly after, Movement Labs founder Rushi Manche responded on X to the news of World Liberty Financial's large purchase of MOVE, stating, "Strategic Move reserve. We are proud to be the first altcoin, the first modern blockchain platform, and the first alternative virtual machine under the new government leadership. MOVE is made in America." Furthermore, the Trump family project World Liberty Financial recently announced a partnership with Ondo Finance, which launched the institutional Layer 1 blockchain Ondo Chain, although this collaboration mainly focuses on the RWA track. As of the afternoon of February 13, based on World Liberty Financial's holdings on Arkham Intelligence, the project holds not only ONDO and MOVE but also a significant amount of ETH, with Ethereum serving as the deployment network for the presidential family project, potentially giving it a first-mover advantage in government collaboration. What challenges will the U.S. government face in further utilizing blockchain technology? Chainlink community contributor Zach Rynes stated on X, "It is highly unlikely that the U.S. government will use a single blockchain to cover all departments and agencies. Do you think the ledger requirements of the EPA (Environmental Protection Agency) and FDA (Food and Drug Administration) are exactly the same as those of the DoD (Department of Defense) and DHS (Department of Homeland Security)? Probably not." He indicated that the U.S. government will ultimately use multiple private and public ledgers for various purposes, such as increasing spending transparency or automating manual processes. What is certain is that: As Musk pushes for the U.S. Treasury to put transactions on-chain, blockchain technology may be moving toward a whole new application domain. The support from Coinbase CEO Brian Armstrong and ARK Invest founder Cathie Wood adds more attention to this topic. In the future, which blockchain platform will stand out as a pillar of government digital transformation may have a profound impact on the entire cryptocurrency industry.

🔥 New coin ANLOG now live on Bitget! Users who hold or have traded ANLOG are eligible to win activity rewards and share a prize pool of up to 72,727 ANLOG! You can share your views on ANLOG’s price predictions, trading experiences, or your next trading plans. i have already shared my insight

🔥 New coin ANLOG now live on Bitget! Users who hold or have traded ANLOG are eligible to win activity rewards and share a prize pool of up to 72,727 ANLOG! You can share your views on ANLOG’s price predictions, trading experiences, or your next trading plans. First-time posters in Insights can additionally share a prize pool of up to 18,182 ANLOG! High-quality posts will also receive 606 ANLOG per post and get official promotion (including a featured spot on the ANLOG K-line - Insights Community page). 🙋 Join the topic: https://www.bitget.com/insights/topics/details/13373 💎 Prize Pool Requirements: - You must hold or have traded ANLOG during the activity period. - Posts must include the topic tag and coin tag $ANLOG. - At least one post must have more than 3 interactions (likes + comments). Activity Period: From 2025-02-10 11:00 UTC to 2025-02-17 16:00 UTC. Activity Rules: 1️⃣ Participation Prize: Share a total prize pool of up to 48,485 ANLOG Award Rules: The prize pool increases based on the number of participants. Number of participants              Prize Pool Less than 100                     3,030 ANLOG 100-500 participants               12,120 ANLOG 500-1,000 participants             24,240 ANLOG More than 1,000 participants       48,485 ANLOG 2️⃣ First-time Poster Prize: Share a total prize pool of up to 18,182 ANLOG Award Rules: The prize pool increases based on the number of first-time posters. Number of participants           Prize Pool Less than 50                   1,515 ANLOG  50-100 participants             3,030 ANLOG  100-200 participants            9,090 ANLOG  More than 200 participants       18,182 ANLOG  3️⃣ High-Quality Post Prize: Each post will receive 606 ANLOG Award Rules: 10 selected high-quality posts will each receive 606 ANLOG. To make it easier for you to qualify: - Provide analysis to support your view and show unique insights on ANLOG’s price movements or predictions. - Data support: Reference relevant market data, charts, or screenshots to strengthen your content’s credibility. You can post your insights directly from the coin’s K-line page for more exposure and interactions. Here’s how: Terms and Conditions: - Avoid posting duplicate content; copying others’ posts or repeating submissions may result in disqualification. - Rewards will be distributed to winners’ accounts within 7 business days after the event ends. - Posts must be relevant to the event theme. Spam, irrelevant content, or cheating behaviors such as fake accounts or like manipulation will lead to immediate disqualification. For more details, please refer to the: https://www.bitget.com/support/articles/9139373288473-insights-agreement-and-disclaimer. - Bitget reserves the right of final interpretation for this event. For inquiries, please join the official Insights Telegram group (@BitgetInsightsOfficial).

🔥 New coin ANLOG now live on Bitget! Users who hold or have traded ANLOG are eligible to win activity rewards and share a prize pool of up to 72,727 ANLOG! You can share your views on ANLOG’s price predictions, trading experiences, or your next trading plans. First-time posters in Insights can additionally share a prize pool of up to 18,182 ANLOG! High-quality posts will also receive 606 ANLOG per post and get official promotion (including a featured spot on the ANLOG K-line - Insights Community page). 🙋 Join the topic: https://www.bitget.com/insights/topics/details/13373 💎 Prize Pool Requirements: - You must hold or have traded ANLOG during the activity period. - Posts must include the topic tag and coin tag $ANLOG. - At least one post must have more than 3 interactions (likes + comments). Activity Period: From 2025-02-10 11:00 UTC to 2025-02-17 16:00 UTC. Activity Rules: 1️⃣ Participation Prize: Share a total prize pool of up to 48,485 ANLOG Award Rules: The prize pool increases based on the number of participants. Number of participants              Prize Pool Less than 100                     3,030 ANLOG 100-500 participants               12,120 ANLOG 500-1,000 participants             24,240 ANLOG More than 1,000 participants       48,485 ANLOG 2️⃣ First-time Poster Prize: Share a total prize pool of up to 18,182 ANLOG Award Rules: The prize pool increases based on the number of first-time posters. Number of participants           Prize Pool Less than 50                   1,515 ANLOG  50-100 participants             3,030 ANLOG  100-200 participants            9,090 ANLOG  More than 200 participants       18,182 ANLOG  3️⃣ High-Quality Post Prize: Each post will receive 606 ANLOG Award Rules: 10 selected high-quality posts will each receive 606 ANLOG. To make it easier for you to qualify: - Provide analysis to support your view and show unique insights on ANLOG’s price movements or predictions. - Data support: Reference relevant market data, charts, or screenshots to strengthen your content’s credibility. You can post your insights directly from the coin’s K-line page for more exposure and interactions. Here’s how: Terms and Conditions: - Avoid posting duplicate content; copying others’ posts or repeating submissions may result in disqualification. - Rewards will be distributed to winners’ accounts within 7 business days after the event ends. - Posts must be relevant to the event theme. Spam, irrelevant content, or cheating behaviors such as fake accounts or like manipulation will lead to immediate disqualification. For more details, please refer to the: https://www.bitget.com/support/articles/9139373288473-insights-agreement-and-disclaimer. - Bitget reserves the right of final interpretation for this event. For inquiries, please join the official Insights Telegram group (@BitgetInsightsOfficial).

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