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JUST IN: JPMorgan CEO Jamie Dimon supports Elon Musk's DOGE efforts, stating that the US government is "inefficient" and "it needs to be done."

Russian President Vladimir Putin has expressed a bold vision for collaboration between Russia and billionaire entrepreneur Elon Musk. According to reports, Putin instructed Gazprombank Deputy CEO Dmitry Zauers to explore a partnership with Musk, particularly in aerospace and neurotechnology. According to Zauers, Putin directly mentioned Musk, urging Russian officials to “join forces” with the Tesla and SpaceX founder. The Russian leader believes that once Musk completes his U.S. government efficiency reforms, he will return to scientific innovation, making it an ideal time for cooperation. Zauers highlighted Russia’s progress in aerospace batteries and neurochips, describing them as “our answer to Elon Musk.” However, instead of competition, Putin appears to be advocating for a collaborative approach between Musk and Russian technology firms. Amid growing speculation, Musk addressed the topic at the Conservative Political Action Conference (CPAC) in Maryland. When asked whether he could be a Russian asset, Musk jokingly dismissed the idea, stating: “Putin can’t afford me.” This statement suggests that Musk has no plans to collaborate with Russia, casting doubt on his willingness to engage in such a partnership. Since Donald Trump’s presidential win , Putin and Russian officials have been actively exploring working relationships and potential deals with the Trump administration to stabilize Russia’s economy. The extent of these discussions remains unclear, but they signal Russia’s efforts to strengthen economic and technological ties. Musk’s influence in space, AI, and technology has made him a key figure of interest for global powers, including Russia and BRICS nations. If a Russia-Musk partnership were to materialize, it could reshape technological alliances as BRICS nations continue working towards reducing dependence on Western technology giants. For over a decade, BRICS has been exploring alternative financial systems, aiming to reduce reliance on the U.S. dollar. With Donald Trump returning to power, he has renewed his aggressive stance on global economic policies, particularly criticizing BRICS. Economic sanctions and shifting geopolitical alignments have further accelerated this trend. As mentioned in a previous article , the BRICS alliance continues to expand, with 23 countries formally applying to join in 2025. Nations such as Russia and Iran have already taken steps to bypass the dollar by creating an alternative to the SWIFT payment system. The bloc is also discussing the creation of a common currency, potentially challenging the dollar’s dominance in global trade. However, not all emerging economies are on board. Indonesia, for example, has opted to stay out of BRICS, wary of becoming entangled in a China-led anti-Western agenda. This highlights the growing divide among developing nations, as some align with BRICS while others remain cautious. As BRICS nations continue pushing for economic and technological independence, Russia’s outreach to Musk adds another layer of complexity to the global power structure.

The speculation around a potential Dogecoin ETF has sent shockwaves through the crypto market, with analysts predicting that DOGE could surge by over 200%. A CNF report previously highlighted that Dogecoin’s recent surgeis fueled by its link to the D.O.G.E. agency, led by Elon Musk, and growing institutional interest. As the U.S. Securities and Exchange Commission (SEC) begins reviewing multiple ETF applications, optimism is rising among traders and investors. Prominent asset managers such as Grayscale Investments, CoinShares, and WisdomTree have submitted filings for a Dogecoin ETF, aiming to provide institutional investors with regulated exposure to the meme coin. Furthermore, the SEC’s acknowledgment of Grayscale’s application has officially started the review process, which could lead to a historic approval. If granted, a Dogecoin ETF would significantly boost liquidity and mainstream adoption, potentially driving DOGE to new highs. Recent developments suggest a more crypto-friendly stance from regulators. The SEC’s decision to drop its lawsuit against Coinbase signals a potential softening of its approach to digital assets. In a related news, a CNF report further stated : DOGE apparently does not have to deal with this, though. The SEC does not regard it as a security, hence its growth as an investment asset is more transparent and includes the potential for an ETF based on Dogecoin. With increasing pressure from industry leaders and policymakers, analysts believe that ETFs for alternative cryptocurrencies like Dogecoin, XRP, and Litecoin could soon receive regulatory approval. Technical indicators suggest that Dogecoin could be on the verge of a breakout. The Relative Strength Index (RSI) has climbed to 43.67, signaling recovery from oversold conditions. If the RSI crosses above 50, it could confirm bullish momentum. The Average Directional Index (ADX) is at 27.95, indicating a strengthening trend. Key resistance levels sit at $0.26 and $0.30, and a breakout above these levels could potentially push DOGE toward $0.50. Market analysts remain divided on Dogecoin’s long-term trajectory , but some have set ambitious price targets. Crypto analyst Ali Martinez predicts that if DOGE holds the support range between $0.16 and $0.19, it could rally to $3. Meanwhile, Trader Tardigrade sees historical patterns aligning with past bull cycles, suggesting a surge toward $1.7. As of now, Dogecoin is trading at $0.23, experiencing fluctuations as the market reacts to ETF speculation and broader crypto trends. DOGE has dropped 5.75% in the past day but surged 13.26% over the past week.

Elon Musk, CEO of Tesla and SpaceX, has again caused crypto markets to go into a tailspin with one tweet. His recent activity on X (formerly Twitter) ignited a dramatic rally in several Dogefather-themed tokens, again demonstrating his immense power over the crypto market. Musk posted a photo of himself wielding a chainsaw, with the phrase “The Dogefather” clearly in the background. The post, which said “This is a real picture,” rapidly gained popularity, generating speculation and hype throughout the crypto community. The name “Dogefather” has been closely linked with Musk ever since he publicly supported Dogecoin (DOGE). His adoption of the meme currency started when he guest-starred on Saturday Night Live (SNL) in 2021 and referred to himself as the so-called “Dogefather,” as reported by CNF then. As a follow-up to Musk’s posting, a few tokens associated with the Dogefather brand registered huge price rises. One, The Dogefather (DOGEFATHER), rose a whopping 122%, hitting an exchange price of $0.0015—the highest it had been since January’s end. Another token similarly named, The DogeFather (DOGEFATHER), rose 137%, to a price of $0.0040. The boom did not end with these well-established tokens. New Dogefather-branded cryptocurrencies appeared in the hours after Elon Musk’s tweet, with opportunistic coders riding the viral wave. Some of the new tokens saw their prices jump immediately, following previous patterns whenever Musk engages with the cryptocurrency community. This is not the first time Musk’s social media behavior has caused abrupt market activity. In past cases, when he changed his handle to “Kekius Maximus” and “Harry Bōlz”, tokens of the same names experienced significant appreciation. A similar pattern unfolded in late January when the US Department of Government Efficiency (DOGE) featured Dogecoin’s logo on its website unexpectedly, as mentioned in our previous article. That action contributed to DOGE’s price to go up, showing how things outside and Musk-related ramifications affect the meme coin’s performance. In spite of the buzz about Musk’s tweet, the photo itself was photoshopped. The original picture was snapped at the Conservative Political Action Conference (CPAC) on February 20, 2025, where Musk was in attendance. As reported by the BBC, the actual photo was taken at a moment between Musk and Argentine President Javier Milei, who presented him with an ornate chainsaw. The gift had symbolic significance since Milei has often utilized chainsaws to symbolize his attempts to cut government spending in Argentina. Musk, recognizing the importance of the gift, commented, “This is the chainsaw for bureaucracy.” His remark is consistent with his present role in the US Department of Government Efficiency in the Trump administration, where he has been busy promoting federal spending reduction.

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