After canceling a multi-billion dollar contract, which bizarre government agency has Musk's D.O.G.E. uncovered now?
On February 17, Musk tweeted sarcastically: "According to the Social Security database, these are the number of people in each age group with the death flag set to FALSE! Maybe 'Twilight' is real and there are many vampires collecting Social Security benefits." Accompanied by the following image. The image shows that there are still over 2,000 individuals in the U.S. who are above 200 years old receiving Social Security benefits, with the oldest one being over 360 years old. Obviously, this is a case of fraudulent benefit claims. The Department of Government Efficiency is currently investigating this matter.

Since January 2025 when the newly elected U.S. President Trump appointed Elon Musk to lead the "Department of Government Efficiency" (DOGE), this reform action that transforms government institutions with corporate thinking has quickly garnered global attention. During the World Government Summit from February 11 to 13, when Musk was asked about the mission of the Department of Government Efficiency (DOGE), he bluntly stated that government efficiency reform is like corporate transformation, just on a much larger scale. He cited his Twitter as an example, pointing out that during the reform process, 80% of the workforce was cut but productivity was enhanced through technology, achieving what would have taken five years in just one year. Through the dynamic updates and public information on the official Twitter account "DOGE," the DOGE team is pushing for government cost reduction and efficiency enhancement through radical means, which has brought significant results while also sparking controversies.
Related Article: "Terminating Hundreds of Contracts in 18 Days, Musk Leads a Generation Z Revolution in the U.S."
Here is a summary of Musk's recent key actions with the Department of Government Efficiency:
On February 11, the Department of Agriculture terminated 18 contracts totaling around $9 million; the Department of Education terminated 29 DEI training grant contracts amounting to $101 million and terminated 89 contracts worth $881 million;
On February 13, the Department of Education verified the cancellation of unnecessary expenditure contracts totaling $9 million; the EPA canceled 3 DEI contracts, saving $45 million; in addition, 58 contracts were canceled, saving over $150 million, involving categories such as media, DEI, and consulting;
On February 14, 167 plans were canceled, saving approximately $115 million; the Department of Education terminated funding to four "Equal Aid Centers," totaling $33 million; canceled the $50 million environmental justice grant to the Climate Justice Alliance during the Biden era, which the alliance believes is how "climate justice is achieved through a free Palestine";
On February 15, 10 institutions terminated 586 contracts with a total ceiling value of $21 billion, securing savings of $4.45 billion; the Department of Education terminated 70 DEI training grants totaling $3.73 billion; canceled 9 wasteful EPA DEI and environmental justice contracts, saving approximately $60 million; recovered $1.9 billion in funds misappropriated by the Department of Housing and Urban Development (HUD) during the Biden administration, which the Treasury Department can now reallocate for other purposes;
On February 16, DOGE canceled a series of foreign aid contracts totaling $7.29 billion, some of which were for seemingly outlandish projects:
Providing $10 million for "Mozambique Voluntary Male Circumcision Surgeries";
Providing $9.7 million to the University of California, Berkeley, for training "a group of Cambodian youth with entrepreneurship-driven skills";
Appropriating $486 million to the "Election and Political Process Strengthening Alliance," with $22 million for Moldova's "inclusive and participatory political processes" and $21 million for voter turnout in India;
$29 million for "strengthening the political landscape in Bangladesh";
......
In addition to the major budget cuts mentioned above, Musk's Department of Government Efficiency has also been streamlining government personnel and intervening in auditing the government's financial system. These two paths have become Musk's gradual approach to the center of power, triggering significant controversy in American society.
Massive Layoffs Extend to Key Public Sectors, Triggering Concerns About Social Services
According to CCTV News reports, as of February 16, the plan initiated by Trump and Musk to significantly reduce the number of federal government employees has resulted in the dismissal of over 9,500 individuals. On February 16 local time, an internal email from the National Institutes of Health (NIH) in the United States indicated that the planned layoff of 1,500 individuals had been adjusted to 1,165, with affected employees placed on leave starting from the 17th. This adjustment is believed to be related to pressures on public health services, but the specific layoff criteria have not been disclosed, raising questions about the continuity of medical research. In addition, several departments under the U.S. President announced the number of layoffs and layoff plans on that day:
The Environmental Protection Agency stated that 388 employees have been laid off;
The Centers for Disease Control and Prevention in the U.S. will have nearly 1,300 probationary employees forced to resign, constituting approximately one-tenth of the agency's total workforce;
The U.S. Forest Service will dismiss approximately 3400 new employees;
The National Park Service will eliminate about 1000 positions;
......
Such a large-scale layoff plan has caused a huge uproar in the United States. The Democratic Party has sharply criticized this, and the public has taken to the streets, launching multiple protest activities. Personnel changes in the public sector directly affect people's quality of life and the stable development of society.

Image Source: YouTube Channel TVBS
The Battle for Sensitive Data: Taxpayer Privacy and National Security Controversy
The Washington Post
revealed on February 17 that the DOGE team requested access to IRS taxpayer information, claiming it was for auditing government expenditure efficiency, but did not specify the data usage scope. This has sparked strong opposition from privacy advocates and Democratic lawmakers, who say it could lead to data misuse or threaten citizen privacy.Although the Treasury Department claims that DOGE only has "read-only" access, many government employees are not convinced and have directly sued the Treasury Department, accusing it of illegally granting the Musk team access to the payment system. Previously, the DOGE team had already used AI to analyze sensitive data from the Department of Education, undoubtedly intensifying concerns about the lack of data security protocols. Data security is no trivial matter, especially when it involves sensitive information of government departments and the public. Once a loophole occurs, it could trigger a trust crisis.
In this battle for sensitive data, DOGE's radical experiment has taken a path of no return. If successful, it may provide a new way of thinking and a model for global government reform, becoming a reference example. However, if it fails, the United States will undoubtedly be mired in political division and a societal trust crisis. Just as Musk said on Twitter: "Either make the government operate like a tech company or be eliminated." However, in this risky experiment, whether the U.S. government can find the right direction for efficient operation is still unknown. And how this storm will ultimately end is a subject of global anticipation.
Recent developments have shown that DOGE's reform has shifted from the initial "cutting contracts, downsizing departments" phase to the deep end: touching on national security data, core public services, and political games. Musk's Silicon Valley-style "disruption" has accelerated the process but also intensified constitutional conflicts and social contradictions. If efficiency and credibility cannot be balanced, this experiment may become the most controversial chapter in U.S. bureaucratic history.
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Key Market Intelligence on May 14th, how much did you miss out on?
1.Binance Alpha Launches HIPPO, BLUE, and Other Tokens
2.Believe Ecosystem Tokens See General Rise, LAUNCHCOIN Surges Over 250% in 24 Hours
3.Tiger Securities Introduces Cryptocurrency Deposit and Withdrawal Service, Supports Mainstream Cryptocurrencies such as BTC and ETH
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Source: Overheard on CT (tg: @overheardonct), Kaito
PUMP: Today's discussions about PUMP focus on its new creator revenue-sharing model: the platform will allocate 50% of PumpSwap revenue to token creators, sparking varied reactions from users. Some criticize the move as insufficient or even misleading, while others view it as a positive step the platform is taking to reward creators. Meanwhile, PUMP faces market pressure from emerging competitors like LetsBONKfun and Raydium, which are rapidly gaining market share. Users also express concerns about PUMP's sustainability and potential regulatory risks in the U.S., with discussions extending to the platform's impact on the entire memecoin ecosystem.
COINBASE: Today, Coinbase became the first crypto company to join the S&P 500 Index, replacing Discover Financial Services, sparking widespread industry attention. The entire crypto community views this milestone as a significant development, signaling that crypto assets are further integrating into the mainstream financial system. The news has sparked lively discussions on Twitter, with many users pointing out that this may attract more institutional investors to enter the Bitcoin and other cryptocurrency markets.
XRP: XRP became the focal point of today's crypto discussion, with its significant market movements and strategic advances drawing attention. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, sparking market excitement and discussions about its future potential. The surge in market capitalization and price is believed to be related to increasing institutional interest, deepening strategic partnerships, and its role in the crypto ecosystem. Additionally, XRP's integration into multiple financial systems and its potential as a macro asset class are also seen as key factors driving the current market sentiment.
DYDX: Today's discussions about DYDX mainly focused on the dYdX Yapper Leaderboard launched by KaitoAI. The leaderboard aims to identify the most active community participants, with a total of $150,000 in rewards to be distributed over the first three seasons. This initiative has sparked broad community participation, with many users discussing the potential rewards and the incentive effect on the DYDX ecosystem. Meanwhile, progress on the ethDYDX to dYdX native chain migration and historical airdrop events have also been topics of discussion.
1. "What Is 'ICM'? Holding Up the $4 Billion Market Cap Solana's New Narrative"
Overnight, the hottest narrative in the crypto space has become "Internet Capital Markets," with a host of crypto projects and founders, led by the Solana ecosystem's new Launchpad platform Believe, releasing this phrase. Together with "Believe in something," it has become the new slogan heralding the onset of a bull market. What exactly is the so-called "Internet Capital Market," will it become a short-lived hype phrase like the Base ecosystem's previous Content Coin, and what related targets are available for selection?2.《LaunchCoin Surges 20x in One Day, How Did Believe Create a $200M Market Cap Shiba Inu After Going to Zero?|100x Retrospective》
LAUNCHCOIN broke through a $200 million market cap today, with the long-lost liquidity and such a high market cap "Memecoin" almost bringing half of the on-chain crypto community CT into the fray. The community is crazily discussing this token, with half of it being FOMO and the other half being FUD. This token, originally issued by Believe founder Ben Pasternak under his personal identity, transformed into a new platform token after a renaming. From once going to zero to a $200 million market cap, what happened in between?May 14 On-chain Fund Flow
Within 24 hours, GOONC's market cap soared to 70 million, could GOONC be the next billion-dollar dog on the Believe platform?
Bitcoin has broken $100,000, Ethereum has surpassed 2500, and is Solana's hot streak about to make a comeback?
The current market is in a state of macro euphoria, with GOONC riding the wave today, skyrocketing 10x in just a few hours, reaching a market cap of tens of millions of dollars, trading volume soaring past 50 million, and rumors swirling that the developer may be from OpenAI (unconfirmed but intriguing enough).
A ludicrous and absurd Solana meme that some actually buy into.
GOONC is a meme coin that has sprouted from the "gooning" subculture, offering no technological innovation or practical use, its sole function being speculation.
It takes inspiration from an NSFW term "gooning," which refers to a person being deeply immersed in certain content (you know what), eventually entering a nearly religious-like trance.
In Reddit (such as r/GOONED, r/GoonCaves) and some counterculture media outlets (such as MEL Magazine in 2020), "gooning" has gradually transitioned from an adult label to a meme-addicted, digital content and virtual self-indulgence synonym, arguably the epitome of Degen spirit.
GOONC is playing around with this concept, packaging the addictive nature, uselessness, and irony of gooning into a tradable financial product. The project team has made it clear: "We do not solve blockchain problems, we only trade absurdity." Blunt but oddly genuine.
GOONC launched on May 13, 2025, using the meme coin launch platform Believe App's LaunchCoin module on Solana. This tool is highly Degen: zero technical barriers, a few clicks to create a coin, perfect for projects like GOONC that can come up with ideas out of the blue.
The mastermind behind GOONC is also quite something and is the most talked-about, with KOL @basedalexandoor on X platform (alias "Pata van Goon") personally involved. His profile even caught the attention of Marc Andreessen, co-founder of a16z, making onlookers unable to resist speculating if GOONC has a hint of OpenAI lineage.
While this 'OpenAI Endorsement' is currently just community speculation, it is definitely a good card to play to fuel hype. Saying "we are pure speculation" on one hand, while tagging a few "AI + a16z" on the other.
GOONC took off as soon as it launched. After its launch on May 13, 2025, its market capitalization skyrocketed to $22 million within 4 hours, with a trading volume exceeding $25.6 million in 24 hours. According to platform data, the first day of trading saw an astonishing +41,100% surge, soaring from $0.0000001 to $0.02, becoming a "missed-the-boat" situation.
GOONC quickly formed an active trading community post-launch, with a lot of discussion and trading signals appearing on X platform (such as the 292x return signal provided by DeBot). Liquidity pools on exchanges like Raydium and Meteora grew rapidly, supporting high trading volumes and price increases.
The real climax occurred between May 13 and May 14, with the market cap rising to $5.5 million in the morning and directly surpassing $55 million in the afternoon. By the 14th, it briefly approached a $70 million market cap, with the trading volume soaring to $59 million. Some community members even posted screenshots claiming an increase of +85,000%, creating a new myth out of the ruins.
As of 1:30 pm on May 14, the price stabilized around $0.039, with a total market cap and FDV both around $39.6 million, and a 24-hour trading volume of $5.43 million. Active platforms include XT.COM, LBank, Meteora, and others.
Although there was a slight pullback from the peak ($0.07), the coin's popularity remains strong. For a coin that relies purely on "irony + community + X post" to thrive, this performance is already at a stellar level.
Currently, the background of the token's development team is not transparent, increasing the potential risk of a rug pull. Rugcheck.xyz warns that the creator of the GOONC contract may have permission to modify the contract (e.g., change fees or mint additional tokens), posing certain security risks.
Community members speculate that the meteoric rise of GOONC may be the "last hurrah".
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COINBASE: Today, Coinbase became the first crypto company to join the S&P 500 Index, replacing Discover Financial Services, sparking widespread industry attention. The entire crypto community views this milestone as a significant development, signaling that crypto assets are further integrating into the mainstream financial system. The news has sparked lively discussions on Twitter, with many users pointing out that this may attract more institutional investors to enter the Bitcoin and other cryptocurrency markets.
XRP: XRP became the focal point of today's crypto discussion, with its significant market movements and strategic advances drawing attention. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, sparking market excitement and discussions about its future potential. The surge in market capitalization and price is believed to be related to increasing institutional interest, deepening strategic partnerships, and its role in the crypto ecosystem. Additionally, XRP's integration into multiple financial systems and its potential as a macro asset class are also seen as key factors driving the current market sentiment.
DYDX: Today's discussions about DYDX mainly focused on the dYdX Yapper Leaderboard launched by KaitoAI. The leaderboard aims to identify the most active community participants, with a total of $150,000 in rewards to be distributed over the first three seasons. This initiative has sparked broad community participation, with many users discussing the potential rewards and the incentive effect on the DYDX ecosystem. Meanwhile, progress on the ethDYDX to dYdX native chain migration and historical airdrop events have also been topics of discussion.
1. "What Is 'ICM'? Holding Up the $4 Billion Market Cap Solana's New Narrative"
Overnight, the hottest narrative in the crypto space has become "Internet Capital Markets," with a host of crypto projects and founders, led by the Solana ecosystem's new Launchpad platform Believe, releasing this phrase. Together with "Believe in something," it has become the new slogan heralding the onset of a bull market. What exactly is the so-called "Internet Capital Market," will it become a short-lived hype phrase like the Base ecosystem's previous Content Coin, and what related targets are available for selection?2.《LaunchCoin Surges 20x in One Day, How Did Believe Create a $200M Market Cap Shiba Inu After Going to Zero?|100x Retrospective》
LAUNCHCOIN broke through a $200 million market cap today, with the long-lost liquidity and such a high market cap "Memecoin" almost bringing half of the on-chain crypto community CT into the fray. The community is crazily discussing this token, with half of it being FOMO and the other half being FUD. This token, originally issued by Believe founder Ben Pasternak under his personal identity, transformed into a new platform token after a renaming. From once going to zero to a $200 million market cap, what happened in between?May 14 On-chain Fund Flow
Within 24 hours, GOONC's market cap soared to 70 million, could GOONC be the next billion-dollar dog on the Believe platform?
Bitcoin has broken $100,000, Ethereum has surpassed 2500, and is Solana's hot streak about to make a comeback?
The current market is in a state of macro euphoria, with GOONC riding the wave today, skyrocketing 10x in just a few hours, reaching a market cap of tens of millions of dollars, trading volume soaring past 50 million, and rumors swirling that the developer may be from OpenAI (unconfirmed but intriguing enough).
A ludicrous and absurd Solana meme that some actually buy into.
GOONC is a meme coin that has sprouted from the "gooning" subculture, offering no technological innovation or practical use, its sole function being speculation.
It takes inspiration from an NSFW term "gooning," which refers to a person being deeply immersed in certain content (you know what), eventually entering a nearly religious-like trance.
In Reddit (such as r/GOONED, r/GoonCaves) and some counterculture media outlets (such as MEL Magazine in 2020), "gooning" has gradually transitioned from an adult label to a meme-addicted, digital content and virtual self-indulgence synonym, arguably the epitome of Degen spirit.
GOONC is playing around with this concept, packaging the addictive nature, uselessness, and irony of gooning into a tradable financial product. The project team has made it clear: "We do not solve blockchain problems, we only trade absurdity." Blunt but oddly genuine.
GOONC launched on May 13, 2025, using the meme coin launch platform Believe App's LaunchCoin module on Solana. This tool is highly Degen: zero technical barriers, a few clicks to create a coin, perfect for projects like GOONC that can come up with ideas out of the blue.
The mastermind behind GOONC is also quite something and is the most talked-about, with KOL @basedalexandoor on X platform (alias "Pata van Goon") personally involved. His profile even caught the attention of Marc Andreessen, co-founder of a16z, making onlookers unable to resist speculating if GOONC has a hint of OpenAI lineage.
While this 'OpenAI Endorsement' is currently just community speculation, it is definitely a good card to play to fuel hype. Saying "we are pure speculation" on one hand, while tagging a few "AI + a16z" on the other.
GOONC took off as soon as it launched. After its launch on May 13, 2025, its market capitalization skyrocketed to $22 million within 4 hours, with a trading volume exceeding $25.6 million in 24 hours. According to platform data, the first day of trading saw an astonishing +41,100% surge, soaring from $0.0000001 to $0.02, becoming a "missed-the-boat" situation.
GOONC quickly formed an active trading community post-launch, with a lot of discussion and trading signals appearing on X platform (such as the 292x return signal provided by DeBot). Liquidity pools on exchanges like Raydium and Meteora grew rapidly, supporting high trading volumes and price increases.
The real climax occurred between May 13 and May 14, with the market cap rising to $5.5 million in the morning and directly surpassing $55 million in the afternoon. By the 14th, it briefly approached a $70 million market cap, with the trading volume soaring to $59 million. Some community members even posted screenshots claiming an increase of +85,000%, creating a new myth out of the ruins.
As of 1:30 pm on May 14, the price stabilized around $0.039, with a total market cap and FDV both around $39.6 million, and a 24-hour trading volume of $5.43 million. Active platforms include XT.COM, LBank, Meteora, and others.
Although there was a slight pullback from the peak ($0.07), the coin's popularity remains strong. For a coin that relies purely on "irony + community + X post" to thrive, this performance is already at a stellar level.
Currently, the background of the token's development team is not transparent, increasing the potential risk of a rug pull. Rugcheck.xyz warns that the creator of the GOONC contract may have permission to modify the contract (e.g., change fees or mint additional tokens), posing certain security risks.
Community members speculate that the meteoric rise of GOONC may be the "last hurrah".