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Elon Musk wants to monitor IRS data by creating a mega API, according to a report by Wired. To create the API, the Department of Government Efficiency or DOGE will organize a hackathon in Washington, DC, by next week. DOGE will work along with IRS leaders to organize a hackathon, and engineers will have two main tasks: dismantle the current IRS systems and build a new mega API that will control and oversee the IRS data. This means every taxpayer’s name, social security number, tax return, and other sensitive data will be accessed and manipulated by this mega API. The DOGE hackathon will be organized by Sam Corcos and Gavin Kliger, two of the IRS’ most skilled DOGE operatives. Corcos is a tech entrepreneur and CEO of Levels, a healthcare and tech company. He is also an adviser to Scott Bessent and “has been embedded at the Treasury Department,” according to a career federal employee. The Rolling Stone reported that Corcos has multiple ties to Elon Musk’s company, SpaceX. Kliger doesn’t have any experience working for the government. Before he started working at DOGE, he attended UC Berkeley until 2022. Then, he worked at the AI company Databricks. According to the New York Times, Kliger confronted security officials from USAID, accessed sensitive Internal Revenue Service (IRS) data, and joined in taking down parts of the CFPB website. Corcos talked about DOGE’s plans to have “one new API to rule them all.” This API will make it easy to access IRS data for cloud platforms. Application programming interfaces (APIs) let applications talk to each other and exchange data. In this case, an API will help in moving the IRS data to the cloud and this cloud platform will be a central point for reading all IRS systems. This means that anyone with access has the ability to view and use IRS data. According to an IRS engineering source, DOGE and IRS leaders will organize the hackathon, and engineers will start dismantling the old IRS systems and create a new API within the next 30 days. Once the new API is ready, Crocos said they will deploy it to the IRS’s mainframes and then apply it to every other internal system. Such a system will have access to all IRS data, including names, social security numbers, tax returns, and even employment data. Some sources told Wired that DOGE representatives spoke about the software company Palantir many times, making it a potential partner that will assist in handling the IRS data. Palantir was founded by Peter Thiel, a billionaire and one of Musk’s associates. At the moment, the IRS operates various systems hosted in on-site data centers and on the cloud, and these systems are separate and designed to function independently. Such systems has permission-based access and workers will only see data essential to their role. In a recent FOX News interview, Corcos said that, “The IRS has some pretty legacy infrastructure. It’s actually very similar to what banks have been using. It’s old mainframes running COBOL and Assembly and the challenge has been, how do we migrate that to a modern system?” Crocos stated that he was brought in to oversee the IRS’s modernization program, which is 30 years behind schedule and over budget by $15 billion. He is expected to continue his role at the IRS for six months. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

CFPB’s Influence in Crypto Regulations Shrinks Amid Shift to Other Agencies The Consumer Financial Protection Bureau (CFPB) is expected to play a smaller role in crypto regulation, as federal bodies like the SEC and state agencies take the lead, according to Cointelegraph. Ethan Ostroff, partner at Troutman Pepper Locke, explained that the Consumer Financial Protection Act (CFPA) gives more power to state regulators like NYDFS and California’s DFPI, who are stepping in as key players. While the Trump administration has moved to cut CFPB funding and scale back operations, the agency cannot be dismantled without Congressional approval. Senator Elizabeth Warren criticized these efforts, blaming Elon Musk and calling him a “bank robber” for allegedly helping to undermine the agency. She emphasized that legal limits prevent the full shutdown of the CFPB by executive action alone. This shift reflects ongoing tensions between government efficiency goals and consumer protection efforts in the fast-changing crypto space. $BTC $ETH

The ever-playful yet surprisingly resilient Dogecoin ($DOGE ) is once again back on traders' radar, not just because of memes—but because of technical signals flashing potential upside. Currently, $DOGE is hovering around the $0.164 mark, having gained a modest 2.76% in the last 24 hours, though still down over 10% week-over-week. With market cap sitting above $24 billion and a circulating supply of nearly 150 billion, Dogecoin remains one of the top altcoins by volume and community interest. But what’s really catching attention? ➡️Crucial Technical Zone in Play DOGE is teetering just above the $0.157–$0.16 support region, a long-watched zone aligned with the 0.786 Fibonacci retracement level. Historically, this level has served as a springboard for significant price rebounds. ➡️Adding fuel to the fire: The weekly MACD has flipped bullish for the first time since December 2024—a key indicator of potential trend reversal. RSI levels have cooled off, suggesting there’s room for another leg up. Open Interest is up by 7%, indicating a renewed spark in market participation. ➡️$DOGE /BTC Chart Echoes Previous Cycles The DOGE/BTC pairing is beginning to show familiar formations—patterns that preceded major runs in past market cycles. While not a guarantee, these echoes often hint at speculative capital rotating back into meme coins during bullish phases. ➡️On-Chain Signals: Accumulation or Distribution? Blockchain data from Glassnode reveals an interesting tidbit: around 7% of Dogecoin’s entire supply was scooped up near the $0.20 level. That’s a significant wall of cost-basis support—and potentially a psychological anchor for price recovery. If price revisits and holds that region, it could signal massive buy-side conviction. However, failing to push through resistance near $0.20 could lead to renewed sideways movement or a retest of lower supports. ➡️What’s Fueling Renewed Interest in $DOGE ? Meme coin momentum: With $PEPE, $WIF, and other animal-themed tokens buzzing, traders are circling back to the original meme asset. Social media trends: Dogecoin often rallies in tandem with cultural moments, tweets from Elon Musk, or virality on TikTok and Twitter/X. Bitcoin’s strength: DOGE often lags behind BTC moves and catches up during rotation phases—especially when Bitcoin consolidates or cools off. ➡️Key Levels to Watch: Support: $0.157 (Fib 0.786, long-term structure) Immediate Resistance: $0.18 Breakout Zone: $0.20+ Long-term Target (if momentum builds): $0.30–$0.35 ➡️Conclusion: Patience or Positioning? $DOGE isn’t just a joke anymore—it’s a coin with a loyal fanbase, deep liquidity, and historic cycles that many traders now take seriously. Whether it breaks north or dips further, all eyes are on whether $DOGE can hold above $0.157 and reclaim $0.20 as a stepping stone for its next meme-fueled moon mission. Note: Crypto remains volatile. Always do your own research and manage risk accordingly.

Despite Elon Musk headlines, $DOGE remains fairly stable. The meme coin’s resilience shows it has matured beyond just social media hype. As volume drops, this could be the calm before the next big swing.

Mark Cuban Criticizes DOGE’s Spending Cuts: “Fire Then Aim Is No Way to Govern” On April 5, 2025, billionaire Mark Cuban posted a significant thread on X, sharing his strong views on the economic strategies of President Trump’s administration, particularly the spending cuts by the Department of Government Efficiency (DOGE) led by Elon Musk, as well as the current tariff policies. In his post, Cuban acknowledged that DOGE had the right idea in reducing spending to slow the economy, which could lower interest rates and facilitate debt reduction. He wrote: “DOGE had the right idea. Reduce spending enough to slow down the economy. A slower economy means interest rates come down, and if things slow enough, the Fed reduces rates to juice the economy, and debt repayment gets far cheaper, and the debt comes down with any growth.” However, Cuban criticized DOGE’s execution, arguing that cutting spending and firing hundreds of thousands of workers all at once disproportionately impacts small cities and states. He stated: “If they had planned it out, gave the country a chance to plan and get ready for the cuts, then it truly could have worked. And with the lower rates, the deficit could have been reduced with lower debt interest costs.” Cuban also warned that the simultaneous imposition of tariffs would fuel inflation, making it harder for the Fed to lower rates and maintain employment—the Fed’s dual mandate of managing inflation and employment. Cuban suggested that U.S. Commerce Secretary nominee Howard Lutnick might be at risk of being sacked unless Trump adjusts the tariff policy within the next couple of weeks, such as reducing tariffs to a uniform 10% to ease inflationary pressure. He concluded: “Fire then aim is no way to govern. If there’s a plan, show it to us.” #MarkCuban #Trump2025 #DOGE #Tariffs #USEconomy