Dogecoin Logo Appears on Elon Musk's D.O.G.E. Website

Dogecoin Logo Appears on Elon Musk's D.O.G.E. Website

A newly launched website for the US Department of Government Efficiency (D.O.G.E.), led by Elon Musk, prominently features the Dogecoin logo, causing the cryptocurrency to spike 14% to a $58 billion market cap. Established by President Donald Trump, the department shares its acronym with the popular meme coin DOGE, which Musk has championed for years.

The minimalist website, Doge.gov, registered by a US Cybersecurity and Infrastructure Security Agency employee, includes a black background and a large Dogecoin emblem. The logo is styled as the familiar Shiba Inu inside a gold coin, similar to the official Dogecoin design but missing the white "D."

Checking the source code of the site reveals Doge ASCII art, further confirming the cryptocurrency connection. The site’s unveiling coincided with a lawsuit alleging that D.O.G.E. is illegally operating as a federal advisory committee, bypassing requirements for transparency and balanced representation.

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Ross Ulbricht Pardon Odds Surge After Elon Musk’s Comment

The likelihood of Ross Ulbricht receiving a pardon from President Donald Trump during his first week in office has surged to 95% on Polymarket, following a comment from Elon Musk. Musk, replying to a post on X, stated, "Ross will be freed too," triggering a spike in betting volume on the decentralized prediction platform.

Polymarket also shows a 97% chance of clemency for Ulbricht within Trump’s first 100 days. Ulbricht, the creator of the darknet marketplace Silk Road, has been serving a life sentence since 2015, convicted of facilitating illicit transactions through Bitcoin. Trump had previously pledged to pardon Ulbricht on his first day in office, but no announcement has been made yet.

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Vitalik Buterin Defends Ethereum Foundation Leadership

Ethereum co-founder Vitalik Buterin has dismissed what he called “pure evil” comments targeting current Ethereum Foundation (EF) director Aya Miyaguchi, amidst calls for her resignation. Responding to a community post on X, Buterin said, “If you ‘keep the pressure on,’ then you are creating an environment that is actively toxic to top talent.”

He criticized derogatory remarks as counterproductive, adding that some of Ethereum’s best developers had expressed disgust with the online hostility. Vitalik acknowledged ongoing leadership changes at the EF but clarified that he alone would decide the new team until a formal board is established. He reiterated that lobbying regulators is not part of the foundation’s mission, as it could risk Ethereum's neutrality.

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ZachXBT Cashes Out Nearly $4 Million From a Memecoin

Blockchain investigator ZachXBT has cashed out $3.9 million in SOL from a memecoin deployed to his Solana wallet by an unknown individual. The token, named ZACHXBT, had 500 million coins distributed to Zach’s wallet, representing 50% of the total supply. Zach removed 91 million tokens and 16,000 SOL from the pool, causing the token’s market capitalization to drop from $97 million to $19 million.

ZachXBT confirmed the transactions and clarified that they did not promote the token nor know the identity of its deployer. The transferred SOL was sent to a Wintermute-associated address in what appeared to be an OTC trade. “One of my biggest regrets is not prioritizing making money,” Zach posted on X the previous day, reflecting on his work in blockchain investigations.

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Data of the Day

Virtuals Protocol has seen its daily revenue collapse from $1.58 million on January 2 to just $182,762 by January 21, marking a nearly 90% decline. The downturn coincided with the rise of the TRUMP and MELANIA meme coins, which have dominated market attention and drawn liquidity away from other sectors, including AI agents.

Some market observers attribute this to the “dilution of value” caused by the rapid launch of multiple projects competing for attention. “The biggest value driver is attention, but if it’s spread so thin across too many things… nothing gets enough attention to matter,” one X user remarked.

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More Breaking News

• MicroStrategy shareholders approve two amendments to increase number of stock shares, enabling continued Bitcoin acquisitions after buying 11,000 BTC.
• Hyperliquid reported a record $22 billion in 24-hour trade volume, fueled by Trump and Melania-themed memecoin listings with leverage options.
• Bank of America CEO Brian Moynihan stated banks are ready to adopt cryptocurrency payments if regulators provide clear guidance.
• Investment firms Rex Shares and Osprey Funds filed for a TRUMP meme coin ETF, tracking the newly launched token’s price movements.
• Linea filtered over half a million Sybil addresses from its upcoming airdrop to ensure tokens are distributed to legitimate users.
• Jupiter announced details for its $575 million Jupuary airdrop, urging users to claim tokens within three months while avoiding network congestion.
• President Donald Trump appointed crypto-friendly SEC Commissioner Mark Uyeda as acting chair, signaling a potential regulatory shift for the crypto market.

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